Norwegian Potentially Undervalued Companies

Ventura Offshore Holding

Market Cap: NOK 2.7b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Bonheur

Market Cap: NOK 10.1b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Archer

Market Cap: NOK 2.6b

Provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally.

Sea1 Offshore

Market Cap: NOK 4.3b

Owns and operates offshore support vessels for the offshore energy service industry.

Yara International

Market Cap: NOK 130.9b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

Cadeler

Market Cap: NOK 21.0b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Haugesund Sparebank

Market Cap: NOK 845.8m

A savings bank, provides various financial products and services to individuals and corporate customers in Norway.

Höegh Autoliners

Market Cap: NOK 25.1b

Provides ocean transportation services within the roll-on roll-off (RoRo) cargoes on deep sea and short sea markets in Norway.

Atea

Market Cap: NOK 15.7b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Mowi

Market Cap: NOK 115.6b

A seafood company, produces and sells Atlantic salmon products worldwide.

Integrated Wind Solutions

Market Cap: NOK 2.4b

Through its subsidiaries, provides offshore wind services in the United Kingdom, the Netherlands, Taiwan, Poland, Belgium, Greece, France, Denmark, Norway, and internationally.

Moreld

Market Cap: NOK 2.9b

Provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally.

Norwegian Air Shuttle

Market Cap: NOK 15.7b

Provides air travel services in Norway and internationally.

SpareBank 1 Nordmøre

Market Cap: NOK 1.7b

Provides various banking products and services in Norway.

Romerike Sparebank

Market Cap: NOK 429.7m

Provides various banking products and services.

BEWI

Market Cap: NOK 3.7b

Produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally.

Solstad Offshore

Market Cap: NOK 4.8b

Owns and operates offshore service vessels.

Odfjell

Market Cap: NOK 9.6b

Provides services for the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products in North America, South America, Norway, the Netherlands, rest of Europe, the Middle East, Asia, Africa, and Australasia.

Måsøval

Market Cap: NOK 2.8b

An aquaculture company, produces and sells salmon in Norway and internationally.

ReFuels

Market Cap: NOK 924.3m

Designs, develops, and operates biomethane and compressed natural gas (CNG) refueling stations in the United Kingdom and Europe.

Dolphin Drilling

Market Cap: NOK 396.5m

Provides drilling services to the offshore oil and gas industry in the United Kingdom, India, Norway, and Nigeria.

Solstad Maritime

Market Cap: NOK 12.1b

Owns and operates offshore service vessels (OSVs) that provides maritime services to the offshore energy industry in North Sea, North and Central America, Mediterranean and rest of the Europe, Africa, South America, Australia, and Asia.

Prosafe

Market Cap: NOK 1.1b

Owns and operates semi-submersible accommodation vessels in South America, North America, and Europe.

Aasen Sparebank

Market Cap: NOK 242.1m

Provides various banking products and services in Norway.

Odfjell

Market Cap: NOK 9.6b

Provides services for the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products in North America, South America, Norway, the Netherlands, rest of Europe, the Middle East, Asia, Africa, and Australasia.

DNO

Market Cap: NOK 16.1b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

DOF Group

Market Cap: NOK 31.4b

Owns and operates a fleet of offshore and subsea vessels.

SpareBank 1 Nord-Norge

Market Cap: NOK 15.9b

Provides banking services in Northern Norway.

Havila Kystruten

Market Cap: NOK 921.0m

Operates as a shipping company in Norway.

Wallenius Wilhelmsen

Market Cap: NOK 52.2b

Engages in the logistics and transportation business worldwide.

Cambi

Market Cap: NOK 3.0b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Xplora Technologies

Market Cap: NOK 2.4b

An information technology company, develops wearable smart devices and connectivity services for kids and families in Germany, Sweden, Norway, the United Kingdom, Finland, Denmark, Spain, the United States, and France.

Tinde Sparebank

Market Cap: NOK 648.4m

Operates as a savings bank that provides various financial products and services to retail and corporate customers in Romsdal and southern parts of Nordmøre.

Webstep

Market Cap: NOK 495.3m

Provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden.

Sogn Sparebank

Market Cap: NOK 190.6m

Provides various banking products and services in Norway.

Bouvet

Market Cap: NOK 5.2b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.