Swedish Potentially Undervalued Companies

TalkPool

Market Cap: SEK 86.1m

Provides network design, engineering, implementation, and managed services to telecommunications operators, system vendors, and prime contractors in Europe, the United States, the Middle East, and internationally.

Arctic Paper

Market Cap: SEK 586.2m

Produces and sells paper products for printing houses, paper distributors, book and magazine publishing houses, and the advertising industries.

ScandBook Holding

Market Cap: SEK 205.5m

Manufactures and sells hard/soft cover books for book publishers in Sweden.

Kallebäck Property Invest

Market Cap: SEK 737.3m

Operates as a real estate company primarily in Sweden.

Arcoma

Market Cap: SEK 133.1m

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

Vestum

Market Cap: SEK 3.1b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

Northbaze Group

Market Cap: SEK 24.6m

Designs, develops, produces, and markets audio and sound equipment in Nordic, Europe, Asia, the Middle East, and internationally.

Eniro Group

Market Cap: SEK 285.8m

Operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland.

Logistea

Market Cap: SEK 7.6b

Engages in the real estate business in Sweden, Norway, Denmark, the Netherlands, Germany, Finland, Belgium, and Poland.

Paratus Energy Services

Market Cap: NOK 6.6b

Through its subsidiaries, provides drilling services and operates a fleet of jack-up rigs under contracts in Mexico.

Qualisys Holding

Market Cap: SEK 553.0m

Provides precision motion capture and 3D positioning tracking systems in Europe, the Middle East, Africa, the United States, and the Asia-Pacific.

Tangiamo Touch Technology

Market Cap: SEK 16.9m

Provides multiplayer electronic gaming machines and visual identification software products.

Actic Group

Market Cap: SEK 609.9m

Operates gyms and wellness facilities in Sweden, Norway, and Germany.

Fastighets AB Balder

Market Cap: SEK 78.4b

Develops, owns, leases, and manages residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom.

GreenMerc

Market Cap: SEK 133.7m

A fintech company, provides a software platform for digital assets and traditional fintech services in Sweden.

Gold Town Games

Market Cap: SEK 7.9m

A mobile game company, develops, produces, and publishes sports games for mobile devices worldwide.

Wihlborgs Fastigheter

Market Cap: SEK 27.4b

A property company, owns, develops, rents, and manages commercial properties in the Öresund region, Sweden.

Safe Lane Gaming

Market Cap: SEK 13.7m

Develops and manages mobile games for the public platforms.

ASSA ABLOY

Market Cap: SEK 365.7b

Provides door opening and access products for the institutional, commercial, and residential markets.

Trelleborg

Market Cap: SEK 79.2b

Provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Norse Atlantic

Market Cap: NOK 1.2b

Provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally.

Nordic Flanges Group

Market Cap: SEK 19.8m

Produces and sells industrial flanges in Sweden, rest of the Nordic region, and internationally.

Klaveness Combination Carriers

Market Cap: NOK 4.3b

Owns and operates combination carriers for the dry bulk shipping and product tanker industries in the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia.

OKEA

Market Cap: NOK 2.0b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

Hifab Group

Market Cap: SEK 203.2m

Provides project management and consulting services in Sweden, rest of Europe, Asia, and Africa.

HAKI Safety

Market Cap: SEK 565.0m

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

Krona Public Real Estate

Market Cap: SEK 233.7m

Operates as a real estate company in Norway.

Alimak Group

Market Cap: SEK 3.5b

Alimak Group AB (publ) desigs and manufactures vertical access solutions in Europe, Asia, Australia, South and North America, and internationally.

Ramlösa shipping

Market Cap: SEK 86.9m

Invests in international shipping industry.

Moment Group

Market Cap: SEK 166.1m

Moment Group AB, together with its subsidiaries, involved in the entertainment business in Sweden, Norway, and Denmark.

Done.ai Group

Market Cap: SEK 625.2m

Provides cloud-based AI–accounting/enterprise resource planning platform to automate business administration and allow for data driven decision making for small, medium, and large companies in Norway, Sweden, rest of Europe, Canada, and internationally.

Tele2

Market Cap: SEK 110.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Nolato

Market Cap: SEK 15.9b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

Pierce Group

Market Cap: SEK 932.6m

An e-commerce company, engages in the sale of motorcycle and snowmobile gears, parts, and accessories across Europe.

Arla Plast

Market Cap: SEK 1.3b

Through its subsidiaries, manufactures, sells, and distributes extruded plastic sheets in Sweden, Germany, the Czech Republic, Poland, rest of Europe, and internationally.

ShaMaran Petroleum

Market Cap: SEK 760.6m

Engages in the oil and gas exploration and production.