Swedish Undervalued Stocks Based On Cash Flows

Wall to Wall Group

Market Cap: SEK 755.7m

Provides pipe lining and flushing, pipe inspection, maintenance and sealing of ventilation ducts, and other complementary and related services in the Nordic region.

Net Insight

Market Cap: SEK 1.6b

Offers media network solutions worldwide.

Bonesupport Holding

Market Cap: SEK 19.2b

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

Stille

Market Cap: SEK 1.9b

Manufactures and markets surgical instruments in Sweden and internationally.

Clemondo Group

Market Cap: SEK 113.5m

Develops, manufactures, and sells a range of hygiene and cleaning products for automotive, health care, and industrial sectors in Sweden.

Better Collective

Market Cap: SEK 7.1b

Operates as a digital sports media company in Europe, North America, and internationally.

Studsvik

Market Cap: SEK 1.0b

Provides technical solutions across the nuclear and radioactive material lifecycle in Sweden, Germany, rest of Europe, Asia, North America, and internationally.

Norva24 Group

Market Cap: SEK 6.6b

Provides underground infrastructure maintenance services in Northern Europe.

PowerCell Sweden

Market Cap: SEK 1.6b

Develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally.

NCAB Group

Market Cap: SEK 7.5b

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

Adtraction Group

Market Cap: SEK 539.7m

Provides advertising services in Europe.

Lea Bank

Market Cap: SEK 1.3b

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

Dynavox Group

Market Cap: SEK 5.8b

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

HMS Networks

Market Cap: SEK 17.4b

Engages in the provision of products that enable industrial equipment to communicate and share information worldwide.

Asmodee Group

Market Cap: SEK 21.0b

Engages in publishing and distributing tabletop games.

Carasent

Market Cap: SEK 1.6b

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

Nordrest Holding

Market Cap: SEK 1.6b

Operates as a foodservice company in Sweden and internationally.

Vimian Group

Market Cap: SEK 19.2b

Engages in the animal health business worldwide.

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.

Humana

Market Cap: SEK 2.2b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

CellaVision

Market Cap: SEK 3.6b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

EQT

Market Cap: SEK 294.2b

A global private equity & venture capital firm specializing in private capital and real asset segments.

AddLife

Market Cap: SEK 17.6b

Provides equipment, consumables, and reagents primarily to healthcare sector, research, colleges, and universities, as well as the food and pharmaceutical industries.

Waystream Holding

Market Cap: SEK 194.5m

Provides routers and switches that are used in the fiber markets and peripherals in Sweden.

Cint Group

Market Cap: SEK 2.4b

Provides software solutions for digital insights and research technology worldwide.

MilDef Group

Market Cap: SEK 10.0b

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

Husqvarna

Market Cap: SEK 25.3b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Munters Group

Market Cap: SEK 18.3b

Engages in the provision of climate solutions in Sweden and internationally.

ES Energy Save Holding

Market Cap: SEK 127.4m

Develops heat pumps for commercial buildings.

Xvivo Perfusion

Market Cap: SEK 8.5b

A medical technology company, develops and markets machines and perfusion solutions for assessing usable organs and maintains in optimal condition pending transplantation in Sweden, the United States, the Netherlands, Italy, North and South America, Europe, the Middle East, Africa, the Asia Pacific, and Oceania.

Troax Group

Market Cap: SEK 9.5b

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

Vertiseit

Market Cap: SEK 1.8b

A retail tech company, operates digital in-store platform in Europe.

Hanza

Market Cap: SEK 2.9b

Provides manufacturing solutions.

Generic Sweden

Market Cap: SEK 714.2m

A technology company, provides messaging services for all applications.

BrainCool

Market Cap: SEK 424.7m

A medical device company, together with its subsidiaries, engages in the development, marketing, and sale of medical cooling systems for the healthcare sector in Sweden.

Litium

Market Cap: SEK 129.7m

Provides solutions for digital commerce through the litium commerce cloud platform in Sweden.