Finnish Undervalued Stocks Based On Cash Flows

Nexstim

Market Cap: €57.2m

A medical technology company, engages in the development of non-invasive brain stimulation technologies in Finland, rest of Europe, North America, and internationally.

Fodelia Oyj

Market Cap: €56.7m

Operates as a food company in Finland.

Exel Composites Oyj

Market Cap: €39.5m

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.

Endomines Finland Oyj

Market Cap: €190.6m

Engages in the mining and exploration of gold deposits in Finland and the United States.

Qt Group Oyj

Market Cap: €1.5b

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

Etteplan Oyj

Market Cap: €282.2m

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

Enento Group Oyj

Market Cap: €421.3m

Through its subsidiaries, provides digital business and consumer information services in the Nordic countries.

UPM-Kymmene Oyj

Market Cap: €13.0b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

Robit Oyj

Market Cap: €27.2m

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

Sitowise Group Oyj

Market Cap: €92.8m

Provides buildings, infrastructure, and digital solutions in Finland, Sweden, and internationally.

F-Secure Oyj

Market Cap: €345.9m

Operates as a cybersecurity company in Finland and internationally.

Talenom Oyj

Market Cap: €176.7m

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

Digital Workforce Services Oyj

Market Cap: €36.5m

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: €17.0m

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

Kesla Oyj

Market Cap: €13.2m

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

QPR Software Oyj

Market Cap: €17.8m

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

Orthex Oyj

Market Cap: €87.4m

A houseware company, designs, produces, markets, and sells household products in Nordics, the rest of Europe, and internationally.

Componenta

Market Cap: €40.0m

Provides cast iron components in Finland.

Neste Oyj

Market Cap: €7.1b

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

Verkkokauppa.com Oyj

Market Cap: €119.1m

Operates as an online retailer in Finland.

Tulikivi

Market Cap: €28.4m

Manufactures and sells fireplaces, sauna heaters, and interior stone products in Finland, the United States, and rest of Europe.

Fiskars Oyj Abp

Market Cap: €1.2b

Manufactures and markets consumer products for indoor and outdoor living in Europe, the Americas, and the Asia Pacific.

Harvia Oyj

Market Cap: €899.0m

Operates in the sauna industry.

Kempower Oyj

Market Cap: €609.7m

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.

Bittium Oyj

Market Cap: €244.5m

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

Revenio Group Oyj

Market Cap: €739.6m

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: €269.3m

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

Loihde Oyj

Market Cap: €65.3m

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