Swedish Undervalued Stocks Based On Cash Flows

Absolent Air Care Group

Market Cap: SEK 2.4b

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

Clemondo Group

Market Cap: SEK 149.5m

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

Exsitec Holding

Market Cap: SEK 1.7b

Provides digital solutions to medium-sized companies in Sweden, Norway, and Denmark.

Micro Systemation

Market Cap: SEK 941.9m

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

Norva24 Group

Market Cap: SEK 6.7b

Provides underground infrastructure maintenance services in Northern Europe.

CTT Systems

Market Cap: SEK 2.8b

Provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.

Cavotec

Market Cap: SEK 2.0b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications in Europe, the Middle East and Africa, the Asia Pacific, and North America.

Lea Bank

Market Cap: SEK 1.1b

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

Surgical Science Sweden

Market Cap: SEK 7.9b

Develops and markets virtual reality simulators for evidence-based medical training in Europe, North and South America, Asia, and internationally.

Stille

Market Cap: SEK 1.9b

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

Cint Group

Market Cap: SEK 2.6b

Provides software solutions for digital insights and research technology worldwide.

Bonesupport Holding

Market Cap: SEK 17.4b

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

TF Bank

Market Cap: SEK 8.1b

A digital bank, provides consumer banking services and e-commerce solutions through a proprietary IT platform in Sweden .

Byggmax Group

Market Cap: SEK 3.0b

Sells building materials and related products for DIY projects in Sweden, Norway, and internationally.

Fagerhult Group

Market Cap: SEK 7.8b

Designs, manufactures, and markets professional lighting solutions worldwide.

Dynavox Group

Market Cap: SEK 11.6b

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

MilDef Group

Market Cap: SEK 9.4b

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

Net Insight

Market Cap: SEK 1.2b

Provides media network 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.

Xvivo Perfusion

Market Cap: SEK 10.0b

A medical technology company, develops and markets machines and perfusion solutions for assessing usable organs and maintains in optimal condition pending transplantation in Sweden.

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.

Truecaller

Market Cap: SEK 22.8b

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

Hanza

Market Cap: SEK 3.7b

Provides manufacturing solutions.

Mips

Market Cap: SEK 12.3b

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

NCAB Group

Market Cap: SEK 9.2b

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

Vimian Group

Market Cap: SEK 22.7b

Engages in the animal health business worldwide.

Vertiseit

Market Cap: SEK 1.8b

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

W5 Solutions

Market Cap: SEK 1.0b

Manufactures and supplies systems and solutions for the defense and civil security sectors in Sweden.

Hoist Finance

Market Cap: SEK 8.2b

A credit market company, engages in the loan acquisition and management operations in Europe.

Biotage

Market Cap: SEK 11.4b

Provides solutions and products in the areas of drug discovery and development, analytical testing, and water and environmental testing.

HMS Networks

Market Cap: SEK 21.2b

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

Hemnet Group

Market Cap: SEK 27.5b

Operates a residential property platform in Sweden.

Arlandastad Group

Market Cap: SEK 1.7b

Operates as a real estate development company in Sweden.

AddLife

Market Cap: SEK 24.0b

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