Swedish Undervalued Stocks Based On Cash Flows

CAG Group

Market Cap: SEK 792.0m

Operates as an IT consulting company in Sweden.

SinterCast

Market Cap: SEK 626.8m

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.

Apotea

Market Cap: SEK 6.9b

Operates an online pharmacy in Sweden.

Cheffelo

Market Cap: SEK 1.4b

Engages in the supply and delivery of meal kits to various customers in Sweden, Norway, and Denmark.

Acast

Market Cap: SEK 5.4b

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

Arlandastad Group

Market Cap: SEK 2.7b

Operates as a real estate development company in Sweden.

Yubico

Market Cap: SEK 3.5b

Provides authentication solutions for use in computers, networks, and online services.

Better Collective

Market Cap: SEK 8.0b

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

Dometic Group

Market Cap: SEK 9.7b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.

Haypp Group

Market Cap: SEK 4.0b

Operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.

Cint Group

Market Cap: SEK 1.6b

Provides software solutions for digital insights and research technology worldwide.

W5 Solutions

Market Cap: SEK 935.9m

Develops and delivers systems and solutions for the defense and civil protection sectors in Sweden.

Axfood

Market Cap: SEK 69.7b

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

Vitrolife

Market Cap: SEK 14.5b

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

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.

MilDef Group

Market Cap: SEK 8.5b

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

Mentice

Market Cap: SEK 365.6m

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

Sdiptech

Market Cap: SEK 9.0b

Provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Austria, Norway, Finland, the Unites States, and internationally.

Smart Eye

Market Cap: SEK 2.3b

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.

Rusta

Market Cap: SEK 15.7b

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.

Nordrest Holding

Market Cap: SEK 4.1b

Operates as a foodservice company in Sweden and internationally.

Wästbygg Gruppen

Market Cap: SEK 218.2m

Operates as a construction and project development company in Sweden, Norway, Denmark, and Finland.

Bonesupport Holding

Market Cap: SEK 17.9b

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

Elekta

Market Cap: SEK 21.7b

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.

CDON

Market Cap: SEK 817.6m

Operates online marketplace in Sweden and other Nordics region.

Careium

Market Cap: SEK 506.0m

Provides technology-enabled care services in Sweden, Norway, the United Kingdom, the Netherlands, Germany, France, and Spain.

Hemnet Group

Market Cap: SEK 11.4b

Operates a residential property platform in Sweden.

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.

Ependion

Market Cap: SEK 3.6b

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

Qualisys Holding

Market Cap: SEK 496.5m

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

Asmodee Group

Market Cap: SEK 28.0b

Engages in publishing and distribution of tabletop games.

Cavotec Group

Market Cap: SEK 1.5b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications worldwide.

Arcoma

Market Cap: SEK 121.0m

Develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally.

Profoto Holding

Market Cap: SEK 315.2m

Provides lighting equipment for professional photographers, cinematographers, and studios in Sweden 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.

RaySearch Laboratories

Market Cap: SEK 7.9b

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