Swedish Potentially Undervalued Companies

Angler Gaming

Market Cap: SEK 278.9m

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

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Storskogen Group

Market Cap: SEK 24.0b

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

Raketech Group Holding

Market Cap: SEK 158.7m

Operates as an affiliate and performance marketing company worldwide.

HEXPOL

Market Cap: SEK 33.1b

Engages in development, manufacture, and sale of various polymer compounds and engineered products in Sweden, Europe, the Americas, and Asia.

Transtema Group

Market Cap: SEK 601.3m

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.

Absolent Air Care Group

Market Cap: SEK 2.9b

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

Netel Holding

Market Cap: SEK 603.5m

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

Investor

Market Cap: SEK 948.8b

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

G5 Entertainment

Market Cap: SEK 976.4m

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

ADDvise Group

Market Cap: SEK 275.6m

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

Dustin Group

Market Cap: SEK 1.8b

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

AB Electrolux

Market Cap: SEK 23.7b

Develops, manufactures, and sells household appliances.

Newbury Pharmaceuticals

Market Cap: SEK 81.0m

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

Embracer Group

Market Cap: SEK 23.5b

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

AB SKF

Market Cap: SEK 99.6b

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

CellaVision

Market Cap: SEK 4.1b

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

SSAB

Market Cap: SEK 68.7b

Engages in the production and sale of steel products in Sweden, Finland, the United States, the Rest of Europe, and internationally.

Husqvarna

Market Cap: SEK 28.8b

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

Afry

Market Cap: SEK 22.3b

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 68.7b

Engages in the production and sale of steel products in Sweden, Finland, the United States, the Rest of Europe, and internationally.

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.

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 2.6b

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.

Nobia

Market Cap: SEK 2.5b

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.

Iconovo

Market Cap: SEK 59.2m

Develops and licenses inhalation medications in Sweden.

Investor

Market Cap: SEK 948.8b

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

Inission

Market Cap: SEK 848.6m

Engages in the supply of tailored manufacturing services and products in the field of industrial electronics and mechanics in Sweden, Finland, Estonia, Norway, the United States, and internationally.

Avensia

Market Cap: SEK 373.1m

Provides e-commerce solutions in Sweden.

Mentice

Market Cap: SEK 585.5m

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

Dignitana

Market Cap: SEK 178.8m

A medical technology company, engages in the development, production, and marketing of medical cooling devices in the United States and internationally.

ES Energy Save Holding

Market Cap: SEK 139.0m

Develops heat pumps for commercial buildings.

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.

Sleep Cycle

Market Cap: SEK 944.9m

Provides sleep tracking applications in Sweden.

Billerud

Market Cap: SEK 26.9b

Provides paper and packaging materials worldwide.