Swedish Potentially Undervalued Companies

Kakel Max

Market Cap: SEK 27.3m

Operates in the construction ceramic market in Sweden.

Sotkamo Silver

Market Cap: SEK 146.5m

A mining and ore prospecting company, develops and utilizes mineral deposits in the Kainuu region in Finland.

Curira

Market Cap: SEK 60.3m

Curira AB provides digitalization services.

Nyfosa

Market Cap: SEK 18.4b

A transaction-intensive real estate company, invests, manages, develops, and sells properties in Sweden, Norway, and Finland.

Time People Group

Market Cap: SEK 43.0m

Provides consulting services in IT and change management in Sweden.

Alcadon Group

Market Cap: SEK 588.3m

Provides data and telecommunication products and systems in Sweden, Norway, Denmark, Germany, the United Kingdom, and the Benelux.

Unlimited Travel Group UTG

Market Cap: SEK 196.6m

Operates as a travel company.

Instalco

Market Cap: SEK 8.5b

Provides installation services in the heating and plumbing, electrical, ventilation, technical consulting, and industrial areas primarily in Sweden and rest of Nordic.

MedCap

Market Cap: SEK 5.4b

A private equity firm specializing in investments in secondary direct, later stage, industry consolidation, add-on acquisitions, growth capital, middle market, mature, turnarounds, buyout.

Mycronic

Market Cap: SEK 41.7b

Develops, manufactures, and sells production equipment for electronics industry in Sweden, rest of Europe, the United States, other Americas, China, South Korea, rest of Asia, and internationally.

HMS Networks

Market Cap: SEK 23.0b

Engages in the provision of products that enable industrial equipment to communicate and share information worldwide.

Swedish Logistic Property

Market Cap: SEK 9.7b

Operates as a real estate company that engages in acquiring, developing, and managing logistics properties in Sweden.

Stora Enso Oyj

Market Cap: SEK 7.0b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally.

Autoliv

Market Cap: SEK 6.9b

Through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia.

Obducat

Market Cap: SEK 117.6m

Develops and supplies micro-and nano lithography solutions worldwide.

Arbona

Market Cap: SEK 1.7b

Invests in small and medium sized listed and unlisted companies in Sweden.

Tingsvalvet Fastighets

Market Cap: SEK 583.8m

A real estate company, owns, manages, and leases office and commercial properties in Central Sweden.

Valuno Group

Market Cap: SEK 333.2m

Operates as a fintech company in Sweden.

Gullberg & Jansson

Market Cap: SEK 121.8m

Develops, produces, and markets products for use in the green space, swimming pool, and relaxation and wellness industries in the Nordic markets.

Modern Times Group MTG

Market Cap: SEK 13.4b

Through its subsidiaries, provides game franchise services in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand.

Bong

Market Cap: SEK 143.6m

Provides light packaging and envelope products in Central Europe, South Europe, North Africa, Nordics, and United Kingdom.

Securitas

Market Cap: SEK 81.4b

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

Kjell Group

Market Cap: SEK 281.6m

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

Sydsvenska Hem

Market Cap: SEK 438.9m

Sydsvenska Hem AB (publ), together with its subsidiaries, owns and manages real estate properties in Sweden.

Chosa Oncology

Market Cap: SEK 34.4m

Develops oncology drugs for the treatment of cancer.

Rederiaktiebolaget Gotland

Market Cap: SEK 5.3b

Operates as a passenger and freight shipping company in Sweden.

Vo2 Cap Holding

Market Cap: SEK 99.5m

Operates in the media tech industry.

Samhällsbyggnadsbolaget i Norden

Market Cap: SEK 5.9b

Owns, develops, and manages residential and social infrastructure properties in Sweden, Norway, Finland, and Denmark.

Linc

Market Cap: SEK 3.9b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Waystream Holding

Market Cap: SEK 175.5m

Provides routers and switches that are used in the fiber markets and peripherals in Sweden.

TagMaster

Market Cap: SEK 216.1m

An application oriented technical company, develops and sells advanced sensor systems and solutions based on radio, radar, magnetic and camera technologies under the TagMaster, Sensys Networks, and Citilog brand names.

K2A Knaust & Andersson Fastigheter

Market Cap: SEK 518.6m

Operates as a real estate company in Sweden.

Tele2

Market Cap: SEK 94.1b

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

Sprint Bioscience

Market Cap: SEK 49.2m

A pharmaceutical company, engages in the development of pharmaceutical products in the areas of cancer in Sweden.

AB Traction

Market Cap: SEK 4.0b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Bahnhof

Market Cap: SEK 5.4b

Engages in the Internet and telecommunications business in Sweden and rest of Europe.