Swedish Undervalued Stocks Based On Cash Flows

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical, furniture, industrial, lighting, chrome plating, and industrial window applications in Sweden and internationally.

Elekta

Market Cap: SEK 23.0b

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.

NOBA Bank Group

Market Cap: SEK 57.7b

Provides financial and banking products and services in Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands.

Rusta

Market Cap: SEK 12.2b

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.

Mips

Market Cap: SEK 8.2b

Develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia.

MilDef Group

Market Cap: SEK 6.9b

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally.

Absolent Air Care Group

Market Cap: SEK 2.3b

Designs, develops, sells, installs, and maintains air filtration units.

Apotea

Market Cap: SEK 8.7b

Operates an online pharmacy in Sweden.

Asker Healthcare Group

Market Cap: SEK 29.6b

Provides medical supplies, devices, and equipment, and related solutions that support patient care.

Boliden

Market Cap: SEK 167.4b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

SinterCast

Market Cap: SEK 707.8m

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.

Camurus

Market Cap: SEK 40.4b

A biopharmaceutical company, develops and commercializes medicines for severe and chronic diseases in Europe, Africa, the Middle East, North America, and Asia.

Axfood

Market Cap: SEK 66.3b

Engages in the food retail and wholesale businesses primarily in Sweden.

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.

Fagerhult Group

Market Cap: SEK 6.7b

Designs, manufactures, and markets professional lighting solutions worldwide.

Carasent

Market Cap: SEK 1.8b

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

Hemnet Group

Market Cap: SEK 14.7b

Operates a residential property platform in Sweden.

RVRC Holding

Market Cap: SEK 5.9b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, and internationally.

GomSpace Group

Market Cap: SEK 4.0b

Through its subsidiaries, manufactures and sells nanosatellites and components, and turnkey solutions for satellites in Denmark, Sweden, France, rest of Europe, the United States, Asia, and internationally.

Bonesupport Holding

Market Cap: SEK 12.8b

An orthobiologics company, develops and sells injectable bio-ceramic bone graft substitutes in Europe, North America, and internationally.

Vitrolife

Market Cap: SEK 17.2b

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

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.

BioGaia

Market Cap: SEK 10.9b

A healthcare company, develops, manufactures, markets and sells probiotic products for gut, oral, and immune health in Europe, the Middle East, Africa, the United States, the Asia-Pacific, Australia, and New Zealand.

Peab

Market Cap: SEK 24.8b

Operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally.

Nordisk Bergteknik

Market Cap: SEK 758.4m

Provides rock handling and foundation solutions in Sweden, Norway, Finland, and internationally.

Ependion

Market Cap: SEK 3.4b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Lime Technologies

Market Cap: SEK 3.7b

Provides software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region.

Invisio

Market Cap: SEK 14.4b

Develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, rest of Europe, the United States, and internationally.

Arlandastad Group

Market Cap: SEK 3.0b

Operates as a real estate development company in Sweden.

Garo Aktiebolag

Market Cap: SEK 787.0m

Develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

RaySearch Laboratories

Market Cap: SEK 7.3b

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

Net Insight

Market Cap: SEK 1.2b

Provides media network solutions worldwide.

NCAB Group

Market Cap: SEK 9.0b

Engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia.

Troax Group

Market Cap: SEK 8.5b

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

Verisure

Market Cap: €15.2b

Provides security services for families and small businesses in Europe and Latin America.

Ovzon

Market Cap: SEK 6.4b

Engages in providing mobile broadband services in Sweden.