Estonia Strong Balance Sheet Stocks

AS Trigon Property Development

Market Cap: €2.5m

Operates as a real estate development company.

aktsiaselts Linda Nektar

Market Cap: €8.1m

Engages in the production and fermentation of beverages.

TextMagic

Market Cap: €14.8m

TextMagic AS, together with its subsidiaries, development and management of software products in the United States, the United Kingdom, Australia, Canada, the European Union, and internationally.

AS Silvano Fashion Group

Market Cap: €41.6m

Through its subsidiaries, engages in the design, manufacturing, and distribution of women’s lingerie in Estonia, Russia, Belarus, Ukraine, the Baltics, Kazakhstan, Moldova, and internationally.

AS Ekspress Grupp

Market Cap: €38.7m

Provides digital content and advertising solutions in the Estonia, Lithuania, Latvia, Rest of Europe, and internationally.

AS Harju Elekter Group

Market Cap: €104.0m

Provides electrical power distribution solutions in Estonia, Finland, Sweden, Norway, Germany, the Netherlands, Denmark, the Unites States, and internationally.

Coop Pank

Market Cap: €238.8m

Provides banking and financing services to private and corporate clients in Estonia.

AS LHV Group

Market Cap: €1.1b

Provides various banking products and services to private and business customers in Estonia and the United Kingdom.

AS Pro Kapital Grupp

Market Cap: €45.4m

A real estate development company, purchases, develops, operates, manages, rents, and sells commercial and residential real estate properties in Estonia, Latvia, Germany, Lithuania, and Italy.

Bercman Technologies

Market Cap: €2.0m

Engages in the development and sale of smart city and mobility-related technologies and products.

Hepsor

Market Cap: €23.5m

Engages in the real estate development business in Estonia, Latvia, and Canada.

AS Merko Ehitus

Market Cap: €497.4m

Through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway.

AS Tallinna Sadam

Market Cap: €341.4m

Provides port services in the Republic of Estonia and Canada.

Baltic Horizon Fund

Market Cap: €45.8m

A regulated closed-end contractual investment fund registered in Estonia.

Liven

Market Cap: €49.3m

Engages in land acquisition, development, concept design, marketing, and sales of residential property in Estonia and Germany.

AS Modera

Market Cap: €9.6m

Provides software as a service solution to companies involved in car sales, marketing, manufacturing, and import and export in Estonia and internationally.