Swedish Potentially Undervalued Companies

AstraZeneca

Market Cap: SEK 165.9b

A biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines.

Nordic LEVEL Group AB (publ.)

Market Cap: SEK 188.5m

Provides safety and security solutions primarily in Sweden.

Net Insight

Market Cap: SEK 1.2b

Provides media network solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Ferronordic

Market Cap: SEK 670.7m

Sells, rents, and services construction equipment, trucks, and other machines in Kazakhstan, Germany, and the United States.

Proact IT Group

Market Cap: SEK 3.2b

Provides data and information management services with on cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

Prevas

Market Cap: SEK 1.2b

Provides technical consultancy services in Sweden and internationally.

Oncopeptides

Market Cap: SEK 344.1m

A biotech company, engages in the research, development, and commercialization of targeted therapies for difficult-to-treat hematological diseases in the United States, Europe, and internationally.

Raketech Group Holding

Market Cap: SEK 125.9m

Operates as an affiliate and performance marketing company worldwide.

BICO Group

Market Cap: SEK 2.6b

Provides hardware, laboratory automation, and software solutions in North America, Europe, Asia, and internationally.

Evolution

Market Cap: SEK 132.9b

Develops, produces, markets, and licenses online casino systems to gaming operators in Europe, Asia, North America, Latin America, and internationally.

Betsson

Market Cap: SEK 26.1b

Through its subsidiaries, invests in and manages online gaming business in the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally.

Eolus Vind

Market Cap: SEK 1.2b

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.

Synsam

Market Cap: SEK 6.8b

Operates in the optical retail and eye health sector in the Nordic Region.

Securitas

Market Cap: SEK 81.4b

Provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia.

B3 Consulting Group

Market Cap: SEK 544.9m

Operates as a consultancy company that provides IT and management consultancy services in Sweden.

Humana

Market Cap: SEK 1.9b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Norion Bank

Market Cap: SEK 9.6b

Provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally.

Maximum Entertainment

Market Cap: SEK 17.9m

An entertainment company, engages in the development, publishing, transmedia, sale, and operation of video games worldwide.

Telefonaktiebolaget LM Ericsson

Market Cap: SEK 276.3b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

AB SKF

Market Cap: SEK 97.5b

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

Peab

Market Cap: SEK 23.6b

Operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally.

Infrea

Market Cap: SEK 424.3m

A publicly owned investment manager.

Lohilo Foods

Market Cap: SEK 64.0m

Operates as a food company in Sweden and internationally.

Sinch

Market Cap: SEK 22.0b

Provides cloud communications services and solutions for enterprises and mobile operators.

CoinShares International

Market Cap: SEK 6.3b

Engages in the digital assets and blockchain technology business in Jersey and the United States.

Hexatronic Group

Market Cap: SEK 5.6b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, Rest of Europe, North America, Asia Pacific, the United Kingdom, and internationally.

Svedbergs Group

Market Cap: SEK 2.8b

Develops, manufactures, and markets bathroom products in the Nordic region, the United Kingdom, and the Netherlands.

Novus Group International

Market Cap: SEK 35.1m

Novus Group International AB operates as an analysis and survey company in Sweden.

White Pearl Technology Group

Market Cap: SEK 181.6m

Engages in selling various technology solutions and products in Sweden, Africa, the Middle East, Asia, and Latin America.

Cloetta

Market Cap: SEK 9.8b

Operates as a confectionery company.

Alligo

Market Cap: SEK 5.9b

Offers workwear, personal protection equipment, tools, and consumables in Sweden, Norway, and Finland.

Preservium Property

Market Cap: SEK 185.4m

Operates as a real estate company in Sweden.

Eastnine

Market Cap: SEK 4.7b

A real estate investment firm.

DevPort

Market Cap: SEK 211.6m

Engages in the product development, production development and supply chain management, and digital solutions businesses in Sweden.

Frontline

Market Cap: NOK 4.0b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

Bure Equity

Market Cap: SEK 21.7b

A private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds.