Finnish Undervalued Stocks Based On Cash Flows

Boreo Oyj

Market Cap: €41.8m

Owns, acquires, and develops B2B businesses in Northern Europe.

Qt Group Oyj

Market Cap: €1.4b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Martela Oyj

Market Cap: €3.6m

Operates in the workplace industry in Finland, Sweden, Norway, and internationally.

Fodelia Oyj

Market Cap: €58.5m

Operates as a food company in Finland.

Etteplan Oyj

Market Cap: €267.6m

Provides software and embedded, industrial equipment and plant engineering, and technical communication solutions in Finland, Scandinavia, China, and Central Europe.

Robit Oyj

Market Cap: €27.8m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.

Talenom Oyj

Market Cap: €163.3m

Provides accounting and other services for small and medium-sized enterprises in Finland, Sweden, Spain, and Italy.

F-Secure Oyj

Market Cap: €337.8m

Operates as a cybersecurity company in Finland and internationally.

Digital Workforce Services Oyj

Market Cap: €36.0m

Provides business process automation services and technology solutions in Finland, Sweden, Norway, Denmark, Poland, rest of the European Union, and internationally.

Honkarakenne Oyj

Market Cap: €16.3m

Designs, manufactures, and sells log and solid-wood house packages in Finland.

Exel Composites Oyj

Market Cap: €42.1m

Manufactures and sells composite profiles and tubes made with pultrusion, pull-winding, and continuous lamination processes in Europe, North America, the Asia Pacific, and internationally.

QPR Software Oyj

Market Cap: €17.0m

Provides services and software tools for developing business processes and enterprise architecture in Finland, rest of Europe, Russia, Turkey, and internationally.

Kesla Oyj

Market Cap: €13.7m

Develops machinery, technology, and services for customers in the forest and other industries in Finland.

Componenta

Market Cap: €38.5m

Provides cast iron components in Finland.

Tokmanni Group Oyj

Market Cap: €819.9m

Operates as a discount retailer in Finland, Sweden, and Denmark.

Verkkokauppa.com Oyj

Market Cap: €118.6m

Operates as an online retailer in Finland.

Neste Oyj

Market Cap: €6.9b

Provides renewable diesel and sustainable aviation fuel in Finland, other Nordic countries, Baltic Rim, other European countries, the United States, and internationally.

Bittium Oyj

Market Cap: €228.9m

Provides solutions for communications and connectivity, healthcare technology products and services, and biosignal measuring and monitoring in Finland, Germany, and the United States.

Merus Power Oyj

Market Cap: €37.6m

Designs, manufactures, and sells battery energy storage systems and power quality solutions in Finland and internationally.

Revenio Group Oyj

Market Cap: €744.8m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Admicom Oyj

Market Cap: €267.3m

Engages in the cloud-based software and business process automation solutions in Finland.

Koskisen Oyj

Market Cap: €162.1m

Operates in the wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally.

Kempower Oyj

Market Cap: €632.4m

Manufactures and sells electric vehicle (EV) charging equipment and solutions for cars, buses, trucks, boats, aviation, and machinery in Nordics, rest of Europe, North America, and internationally.

Harvia Oyj

Market Cap: €873.7m

Operates in the sauna industry.

Loihde Oyj

Market Cap: €69.1m

Through its subsidiaries, provides digital development and security solutions in Finland.