Finnish Undervalued Stocks Based On Cash Flows

Digital Workforce Services Oyj

Market Cap: €39.8m

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

F-Secure Oyj

Market Cap: €296.2m

Operates as a cybersecurity company in Finland and internationally.

Exel Composites Oyj

Market Cap: €39.1m

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.

Honkarakenne Oyj

Market Cap: €15.3m

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

Verkkokauppa.com Oyj

Market Cap: €82.4m

Operates as an online retailer in Finland.

Revenio Group Oyj

Market Cap: €618.4m

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

Qt Group Oyj

Market Cap: €1.7b

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

Canatu Oyj

Market Cap: €346.6m

Engages in development and manufacturing of advanced carbon nanotube (CNT) materials and related products.

Harvia Oyj

Market Cap: €705.5m

Manufactures and distributes traditional, steam, and infrared saunas.

Aspocomp Group Oyj

Market Cap: €35.8m

Manufactures and sells printed circuit boards (PCBs) in Finland, Europe, and internationally.

Ponsse Oyj

Market Cap: €680.4m

Operates as manufacturer of cut-to-length forest machines Nordic and Baltic countries, Central and Southern Europe, South America and North America, Asia, Australia, and Africa.

Stora Enso Oyj

Market Cap: €6.0b

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

Orthex Oyj

Market Cap: €90.2m

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

Tokmanni Group Oyj

Market Cap: €726.1m

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

WithSecure Oyj

Market Cap: €154.1m

Operates in corporate security business worldwide.

Componenta

Market Cap: €44.2m

Provides cast iron components in Finland.

CapMan Oyj

Market Cap: €310.6m

A leading Nordic private assets management and investment firm with an active approach to value creation and private equity and venture capital firm specializing in growth capital investments, industry consolidation, turnaround, recapitalization, middle market buyouts, credit and mezzanine financing in unquoted companies, investments in value-add and income focused real estate, and investments in energy, transportation, and telecommunications infrastructure.

Admicom Oyj

Market Cap: €228.9m

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

Merus Power Oyj

Market Cap: €38.2m

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

Koskisen Oyj

Market Cap: €157.5m

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

Kempower Oyj

Market Cap: €648.5m

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.