Finnish Undervalued Stocks Based On Cash Flows

Endomines Finland Oyj

Market Cap: €345.8m

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

Nokian Panimo Oyj

Market Cap: €25.2m

Engages in the brewery business in Finland.

Nexstim

Market Cap: €89.1m

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

Honkarakenne Oyj

Market Cap: €15.7m

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

Kreate Group Oyj

Market Cap: €117.9m

Engages in the construction of infrastructure projects for private and public sector customers in Finland.

Kesla Oyj

Market Cap: €9.4m

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

Witted Megacorp Oyj

Market Cap: €22.1m

Together its subsidiaries, develops and sells software development solutions in Finland and internationally.

Sitowise Group Oyj

Market Cap: €87.5m

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

Teleste Oyj

Market Cap: €71.2m

Provides broadband, security, and information technologies and related services in Finland and internationally.

Outokumpu Oyj

Market Cap: €2.3b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Sanoma Oyj

Market Cap: €1.6b

Operates as a media and learning company in Finland, the Netherlands, Poland, Spain, Belgium, and internationally.

Incap Oyj

Market Cap: €299.8m

Provides electronics manufacturing services in Europe, North America, and Asia.

Componenta

Market Cap: €43.9m

Provides cast iron components in Finland.

Admicom Oyj

Market Cap: €221.8m

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

Koskisen Oyj

Market Cap: €228.9m

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

SRV Yhtiöt Oyj

Market Cap: €77.0m

Operates as a project management contractor company in Finland.

Harvia Oyj

Market Cap: €810.2m

Operates in the sauna industry.

Exel Composites Oyj

Market Cap: €59.9m

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.

Kamux Oyj

Market Cap: €88.2m

Engages in the wholesale and retail of used cars in Finland, Sweden, and Germany.

Gofore Oyj

Market Cap: €229.2m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Merus Power Oyj

Market Cap: €34.0m

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

Kempower Oyj

Market Cap: €872.6m

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.

QPR Software Oyj

Market Cap: €18.2m

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

Canatu Oyj

Market Cap: €323.4m

Develops and sells carbon nanotubes (CNTs) and related products for the semiconductor, automotive, and medical diagnostics industries in Finland, the United States, Japan, and Taiwan.