Swedish Potentially Undervalued Companies

Hacksaw

Market Cap: SEK 16.2b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Inwido

Market Cap: SEK 9.3b

Through its subsidiaries, engages in development, manufacture, and sale of windows and doors in Sweden.

AB SKF

Market Cap: SEK 113.4b

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

Husqvarna

Market Cap: SEK 26.6b

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

DNB Bank

Market Cap: NOK 408.3b

Provides financial services to individuals and businesses in Norway and internationally.

Loomis

Market Cap: SEK 25.6b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

Stillfront Group

Market Cap: SEK 2.8b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

Dustin Group

Market Cap: SEK 2.2b

Engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium.

Afry

Market Cap: SEK 16.7b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

ADDvise Group

Market Cap: SEK 1.0b

Supplies medical devices, equipment, and consumables to public and private laboratories and research facilities, healthcare, and pharmaceuticals in North America, Europe, South America, Sweden, and internationally.

Embracer Group

Market Cap: SEK 10.9b

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

Bilia

Market Cap: SEK 12.2b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

Netel Holding

Market Cap: SEK 217.6m

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

Arjo

Market Cap: SEK 8.3b

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

CellaVision

Market Cap: SEK 3.8b

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

G5 Entertainment

Market Cap: SEK 705.6m

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

Ambea

Market Cap: SEK 11.2b

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

Sleep Cycle

Market Cap: SEK 498.8m

Engages in providing sleep tracking applications in Sweden.

Arcoma

Market Cap: SEK 106.2m

Develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally.

BW Energy

Market Cap: NOK 11.0b

Engages in the exploration and production of oil and gas properties.

Nobia

Market Cap: SEK 2.7b

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.

ES Energy Save Holding

Market Cap: SEK 104.4m

Develops heat pumps for commercial buildings.

Iconovo

Market Cap: SEK 60.5m

Develops inhaled medicinal products in Sweden.

Boozt

Market Cap: SEK 6.0b

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

Cavotec Group

Market Cap: SEK 1.6b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications worldwide.

Ratos

Market Cap: SEK 13.0b

A private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions.

Angler Gaming

Market Cap: SEK 269.9m

Invests in companies that offer gaming services through the internet in Malta.

Asmodee Group

Market Cap: SEK 24.5b

Engages in publishing and distribution of tabletop games.

HAKI Safety

Market Cap: SEK 657.5m

Provides safety products and solutions for infrastructure, energy, industry, aviation, rail and construction, and civil engineering industries in Europe and North America.

Integrum

Market Cap: SEK 279.5m

Researches, develops, and sells various systems for bone-anchored prostheses.

Devyser Diagnostics

Market Cap: SEK 1.7b

Engages in the development, manufacture, and sale of diagnostic kits and solutions for DNA testing within hereditary diseases, oncology, and post-transplantation monitoring in Sweden, rest of Europe, the Middle East, Africa, North and South America, and Asia.

W5 Solutions

Market Cap: SEK 1.1b

Develops and delivers systems and solutions for the defense and civil protection sectors in Sweden.

Kjell Group

Market Cap: SEK 570.6m

Engages in the sale of various consumer electronics accessories in Sweden, Denmark, and Norway.

Magle Chemoswed Holding

Market Cap: SEK 276.7m

Engages in research and development of pharmaceutical and medical device products in Sweden.

ADDvise Group

Market Cap: SEK 1.0b

Supplies medical devices, equipment, and consumables to public and private laboratories and research facilities, healthcare, and pharmaceuticals in North America, Europe, South America, Sweden, and internationally.

Intrum

Market Cap: SEK 6.4b

Provides payment solutions, and credit and collection services in Europe and internationally.