Swedish Undervalued Stocks Based On Cash Flows

Elekta

Market Cap: SEK 22.2b

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.

Bonesupport Holding

Market Cap: SEK 13.3b

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

Verisure

Market Cap: €17.1b

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

Truecaller

Market Cap: SEK 8.6b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Hemnet Group

Market Cap: SEK 16.5b

Operates a residential property platform in Sweden.

Arlandastad Group

Market Cap: SEK 1.9b

Operates as a real estate development company in Sweden.

Rusta

Market Cap: SEK 10.7b

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.

Stille

Market Cap: SEK 1.7b

Develops, manufactures, and distributes medtech products in Sweden and internationally.

Absolent Air Care Group

Market Cap: SEK 2.4b

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

Axfood

Market Cap: SEK 58.3b

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

MilDef Group

Market Cap: SEK 6.1b

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

BioGaia

Market Cap: SEK 10.2b

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.

Camurus

Market Cap: SEK 36.8b

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

NOBA Bank Group

Market Cap: SEK 59.5b

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

Electrolux Professional

Market Cap: SEK 19.2b

Provides food service, beverage, and laundry products and solutions to restaurants, hotels, healthcare, educational, and other service facilities.

Peab

Market Cap: SEK 22.7b

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

Mips

Market Cap: SEK 8.3b

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

Invisio

Market Cap: SEK 12.0b

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.

BHG Group

Market Cap: SEK 5.5b

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

Fagerhult Group

Market Cap: SEK 7.3b

Designs, manufactures, and markets professional lighting solutions 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.

Ependion

Market Cap: SEK 3.7b

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

Carasent

Market Cap: SEK 2.0b

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

Lime Technologies

Market Cap: SEK 4.3b

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

Vitrolife

Market Cap: SEK 19.8b

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

Nordisk Bergteknik

Market Cap: SEK 829.9m

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

Garo Aktiebolag

Market Cap: SEK 785.0m

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

Apotea

Market Cap: SEK 9.3b

Operates an online pharmacy in Sweden.

Troax Group

Market Cap: SEK 8.4b

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

Lindab International

Market Cap: SEK 16.1b

Manufactures and sells products and solutions for ventilation systems in Sweden, Denmark, Germany, France, the United Kingdom, Norway, Ireland, and internationally.

Lea Bank

Market Cap: SEK 1.4b

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

Hexatronic Group

Market Cap: SEK 4.4b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Asker Healthcare Group

Market Cap: SEK 35.1b

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

Beijer Alma

Market Cap: SEK 16.9b

Engages in component manufacturing and industrial trading businesses in Sweden, rest of Nordic Region, rest of Europe, North America, Asia, and internationally.

CombinedX

Market Cap: SEK 677.9m

Provides technology solutions to companies and organizations.