Swedish Undervalued Stocks Based On Cash Flows

Hanza

Market Cap: SEK 10.5b

Provides contract manufacturing solutions in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, rest of the European Union, Norway, rest of Europe, North America, and internationally.

Cint Group

Market Cap: SEK 2.0b

Operates as a research and measurement technology in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bonesupport Holding

Market Cap: SEK 14.8b

An orthobiologics company, develops and commercializes injectable bio-ceramic bone graft substitutes in the United States, Europe, and internationally.

Nordrest Holding

Market Cap: SEK 3.5b

Operates as a foodservice company in Sweden and internationally.

Smart Eye

Market Cap: SEK 3.2b

Develops human insight artificial intelligence (AI) technology solutions that understand, support, and predict human behavior in the Nordics countries, the rest of Europe, North America, Asia, and internationally.

Haypp Group

Market Cap: SEK 4.4b

An e-commerce company, engages in the sale of nicotine pouches and snus products in Sweden, Norway, Europe, and the United States.

Waystream Holding

Market Cap: SEK 364.8m

Engages in the provision of routers and switches that are used in the fiber markets and peripherals in Sweden.

Enea

Market Cap: SEK 1.6b

Provides software products for telecom and cybersecurity industries worldwide.

Vitrolife

Market Cap: SEK 12.8b

Provides assisted reproduction products in Europe, the Middle East, Africa, Asia-Pacific, and the Americas.

Micro Systemation

Market Cap: SEK 1.4b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Carasent

Market Cap: SEK 1.5b

Provides cloud based electronic health record (EHR) systems solutions and platform services for healthcare sector in Nordics and Germany.

Fasadgruppen Group

Market Cap: SEK 1.7b

Operates as a service provider of facades in Sweden, Denmark, Norway, and Finland.

BHG Group

Market Cap: SEK 4.4b

Operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally.

Dynavox Group

Market Cap: SEK 7.8b

Through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities.

Rusta

Market Cap: SEK 11.6b

Engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany.

Qualisys Holding

Market Cap: SEK 490.0m

Provides precision motion capture and 3D positioning tracking systems in Europe, the Middle East, Africa, the United States, and the Asia-Pacific.

Elekta

Market Cap: SEK 20.5b

A medical technology company, provides clinical solutions for treating cancer and brain disorders in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Mentice

Market Cap: SEK 379.7m

Develops, sells, and markets solutions for training and decision support in the clinical area of interventional angiography in cardiology, neurology, vascular surgery, and radiology.

Cheffelo

Market Cap: SEK 1.6b

Provides subscription-based meal kit solutions to various customers in Sweden, Norway, and Denmark.

Troax Group

Market Cap: SEK 6.6b

Through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, and internationally.

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical technology, general industry, furniture, industrial windows, and packaging and lighting in Sweden and internationally.

New Wave Group

Market Cap: SEK 12.7b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Benelux, rest of Nordic countries, rest of Europe, and internationally.

SinterCast

Market Cap: SEK 753.5m

Provides process control technology to produce compacted graphite iron (CGI) for the foundry and automotive industries in Brazil, Mexico, Sweden, the United States of America, Korea, China, Spain, Japan, the United Kingdom, and internationally.

RaySearch Laboratories

Market Cap: SEK 7.4b

A medical technology company, provides software solutions for cancer treatment worldwide.

Sinch

Market Cap: SEK 28.9b

Provides cloud communication services and digital customer engagement channels to the enterprise sector.

Stille

Market Cap: SEK 2.4b

Develops, manufactures, and distributes medtech products in Sweden, Germany, the United Kingdom, Switzerland, North America, the United States, and internationally.

Ratos

Market Cap: SEK 11.1b

A private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions.

Vestum

Market Cap: SEK 4.6b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

Idun Industrier

Market Cap: SEK 3.8b

An investment holding company, invests in and develops industrial and service businesses in Sweden, rest of Nordic countries, rest of Europe, and internationally.

SyntheticMR

Market Cap: SEK 1.2b

Engages in the development and marketing of imaging and software solutions for magnetic resonance imaging (MRI) in Sweden and internationally.

Asmodee Group

Market Cap: SEK 32.2b

Engages in publishing and distribution of tabletop games.

Avarda Bank

Market Cap: SEK 11.0b

A digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden.

Acast

Market Cap: SEK 6.8b

Operates as a podcasting company in Europe, North America, and internationally.

Lea Bank

Market Cap: SEK 1.2b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

Nilörngruppen

Market Cap: SEK 844.9m

Engages in the branding and design of labels, packaging, and accessories for the fashion and apparel industries in Sweden, rest of Europe, and Asia.

Apotea

Market Cap: SEK 8.0b

Operates an online pharmacy in Sweden.