Swedish Potentially Undervalued Companies

Arise

Market Cap: SEK 1.5b

Operates in the renewable energy sector.

Storskogen Group

Market Cap: SEK 24.1b

Owns and develops small and medium-sized businesses operating in services, trade, and industrial sectors.

Raketech Group Holding

Market Cap: SEK 153.5m

Operates as an affiliate and performance marketing company worldwide.

Elanders

Market Cap: SEK 2.6b

A logistics company, provides supply chain and print and packaging solutions in Sweden, Germany, the United States, Singapore, the United kingdom, the Netherlands, China, Switzerland, Poland, Hungary, and internationally.

Transtema Group

Market Cap: SEK 602.2m

Transtema Group AB builds, maintains, and manages the operation of various communication networks in Sweden.

Eolus Vind

Market Cap: SEK 1.4b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states.

Newbury Pharmaceuticals

Market Cap: SEK 83.9m

Operates as hybrid pharmaceutical company in Sweden and the Scandinavian market.

Embracer Group

Market Cap: SEK 24.4b

Develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.

Afry

Market Cap: SEK 21.4b

Provides engineering, design, and advisory services for the infrastructure, industry, energy, and digitalization sectors in North and South America, Finland, and Central Europe.

SSAB

Market Cap: SEK 69.6b

Produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally.

CellaVision

Market Cap: SEK 4.1b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Dustin Group

Market Cap: SEK 1.7b

Provides online IT products and services in Nordic and Benelux regions.

ADDvise Group

Market Cap: SEK 339.1m

Supplies equipment to healthcare and research facilities in private and public sectors in Sweden, rest of Europe, North America, South America, Asia, and internationally.

C-Rad

Market Cap: SEK 1.0b

Develops, manufactures, and sells products and systems with applications in radiotherapy for the treatment of cancer in Europe, the Middle East, Africa, the America, and the Asia Pacific.

Stillfront Group

Market Cap: SEK 2.7b

Through its subsidiaries, designs, develops, markets, publishes, and sells digital games in Europe, North America, the United Kingdom, and the Middle East and North Africa region.

Husqvarna

Market Cap: SEK 28.9b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Arjo

Market Cap: SEK 10.4b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia and Pacific, South America, Africa, and internationally.

G5 Entertainment

Market Cap: SEK 992.0m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

AB SKF

Market Cap: SEK 99.8b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

SSAB

Market Cap: SEK 69.6b

Produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally.

Absolent Air Care Group

Market Cap: SEK 2.9b

Designs, develops, sells, installs, and maintains air filtration units.

AB Electrolux

Market Cap: SEK 23.8b

Develops, manufactures, and sells household appliances.

Netel Holding

Market Cap: SEK 596.7m

Provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom.

Investor

Market Cap: SEK 949.6b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Boozt

Market Cap: SEK 6.9b

Sells fashion, apparel, shoes, accessories, home, sports, and beauty products online.

Arctic Paper

Market Cap: SEK 1.1b

Engages in the production and sale of paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industries in Poland, Germany, France, the United Kingdom, Scandinavia, other Western Europe, Central and Eastern Europe, and internationally.

Nobia

Market Cap: SEK 2.6b

Engages in the development, manufacture, and sale of kitchen solutions in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, the Netherlands, Austria, Iceland, and internationally.

Sleep Cycle

Market Cap: SEK 957.1m

Provides sleep tracking applications in Sweden.

Better Collective

Market Cap: SEK 7.4b

Operates as a digital sports media company in Europe, North America, and internationally.

Avensia

Market Cap: SEK 376.8m

Provides e-commerce solutions in Sweden.

Mentice

Market Cap: SEK 572.7m

Provides endovascular simulation technology solutions in Europe, the Middle East, Africa, Asia, the Asia Pacific region, and the Americas.

Hoist Finance

Market Cap: SEK 6.5b

A credit market company, engages in the loan acquisition and management operations in Europe.

Investor

Market Cap: SEK 949.6b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Ambea

Market Cap: SEK 9.5b

Provides elderly care, disability care, and psychosocial support for the elderly and people with disabilities primarily in Sweden, Norway, and Denmark.

Arcoma

Market Cap: SEK 137.8m

Develops, produces, and provides radiology solutions and digital x-ray systems worldwide.

RVRC Holding

Market Cap: SEK 5.0b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.