Latvian Potentially Undervalued Companies

SAF Tehnika

Market Cap: €20.0m

Designs, develops, manufactures, and distributes digital microwave transmission equipment in Latvia and internationally.

DelfinGroup

Market Cap: €52.5m

Operates as a financial services company under the Banknote and VIZIA brands in Latvia and Lithuania.

Eleving Group

Market Cap: €192.6m

Provides vehicle and consumer finance services in Europe, Africa, and internationally.

AS Amber Latvijas balzams

Market Cap: €61.8m

Produces and sells alcoholic beverages in Latvia.