Norwegian Undervalued Stocks Based On Cash Flows

Himalaya Shipping

Market Cap: NOK 6.6b

Provides dry bulk shipping services worldwide.

AKVA group

Market Cap: NOK 4.3b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Cambi

Market Cap: NOK 3.5b

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

Trøndelag Sparebank

Market Cap: NOK 526.0m

A savings bank, provides banking products and services in Norway.

Gjensidige Forsikring

Market Cap: NOK 126.4b

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

Sats

Market Cap: NOK 8.0b

Provides fitness and training services in Norway, Sweden, Denmark, and Finland.

Sparebanken Norge

Market Cap: NOK 31.5b

A financial services company, provides banking and financing services.

Grieg Seafood

Market Cap: NOK 3.3b

A seafood company, engages in the farming, production, and sale of Atlantic salmon in Continental Europe, the United Kingdom, the United States, Canada, Asia, and internationally.

Sparebanken Møre

Market Cap: NOK 5.5b

Provides banking services for the retail and business markets in Norway.

Napatech

Market Cap: NOK 5.6b

Provides programmable smart network interface cards and data processing units solutions for cloud, enterprise, and telecom datacenter networks in the Americas and internationally.

Multiconsult

Market Cap: NOK 4.1b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Borregaard

Market Cap: NOK 14.0b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

General Oceans

Market Cap: NOK 3.9b

Engages in developing and manufacturing oceanographic sensors, underwater vehicle systems, robotic manipulators, and software in Norway and Internationally.

Norbit

Market Cap: NOK 10.6b

Provides technology solutions to customers in a range of industries.

Norsk Titanium

Market Cap: NOK 1.1b

Engages in 3D printing of metal alloys for commercial aerospace, defense, and industrial manufacturers in Europe and the United States.

OKEA

Market Cap: NOK 4.0b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

Pexip Holding

Market Cap: NOK 7.8b

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

Appear

Market Cap: NOK 3.0b

Develops and provides solutions for processing, transport, and delivery of live video for the broadcast, media, and sports industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

ABL Group

Market Cap: NOK 1.2b

An investment holding company, provides marine, offshore, and renewables consultancy services to the energy, shipping, and insurance industries worldwide.

Nekkar

Market Cap: NOK 1.4b

Operates as an industrial company builder in Europe, Turkey, Asia, Australia, New Zealand, North America, the United Arab Emirates, Africa, the United States, South America, India, Norway, and internationally.