Norwegian Undervalued Stocks Based On Cash Flows

Cambi

Market Cap: NOK 3.3b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Trøndelag Sparebank

Market Cap: NOK 543.7m

A savings bank, provides banking products and services to private and corporate customers in Norway.

Sparebank 68° Nord

Market Cap: NOK 542.5m

Operates as a savings bank that provides a range of banking services to personal and corporate market in Norway.

LINK Mobility Group Holding

Market Cap: NOK 7.9b

Provides mobile and communication-platform-as-a-service solutions.

Zaptec

Market Cap: NOK 2.0b

Engages in the development and sale of chargers, charging systems, and services for electric car charging in Norway, Sweden, Switzerland, Denmark, Iceland, rest of Europe, and internationally.

Atea

Market Cap: NOK 17.3b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Kitron

Market Cap: NOK 12.3b

Operates as an electronics manufacturing services provider in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.

Hexagon Composites

Market Cap: NOK 3.6b

Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide.

Kid

Market Cap: NOK 6.4b

Operates as a home textile retailer in Norway, Sweden, Finland, and Estonia.

ArcticZymes Technologies

Market Cap: NOK 868.2m

A life sciences company, develops, manufactures, and commercializes recombinant enzymes for use in molecular research, in vitro diagnostics, and biomanufacturing in Norway, Germany, Lithuania, France, Italy, the United Kingdom, rest of Europe, the United States, and internationally.

Europris

Market Cap: NOK 14.5b

Operates as a discount variety retailer in Norway.

Gjensidige Forsikring

Market Cap: NOK 129.4b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Navamedic

Market Cap: NOK 388.6m

A pharmaceutical company, develops, produces, markets, and sells pharmaceuticals and related products in Norway, Sweden, Denmark, Finland, the Netherlands, and internationally.

Elopak

Market Cap: NOK 12.9b

Manufactures and supplies paper-based packaging solutions for liquid food in Europe, the Middle East, Africa, Asia, the Americas, and internationally.

Instabank

Market Cap: NOK 1.0b

Provides various banking products and services in Norway.

SmartCraft

Market Cap: NOK 4.8b

Provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom.

AF Gruppen

Market Cap: NOK 17.1b

A contracting and industrial company, provides civil engineering, construction, energy and environment, and property and offshore services in Norway and Sweden.

Pexip Holding

Market Cap: NOK 6.1b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

BlueNord

Market Cap: NOK 13.6b

An oil and gas company, focuses on production and development of resources that support the energy transition towards net zero in Norway, Denmark, the Netherlands, and the United Kingdom.