Swedish Undervalued Stocks Based On Cash Flows

KB Components

Market Cap: SEK 2.3b

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

Bonesupport Holding

Market Cap: SEK 13.7b

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

Axfood

Market Cap: SEK 56.2b

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

Stille

Market Cap: SEK 1.6b

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

Truecaller

Market Cap: SEK 9.5b

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

Micro Systemation

Market Cap: SEK 1.3b

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

New Wave Group

Market Cap: SEK 14.7b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

Volvo Car AB (publ.)

Market Cap: SEK 95.8b

Designs, develops, manufactures, markets, and sells cars in Sweden and internationally.

Clemondo Group

Market Cap: SEK 127.4m

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

BHG Group

Market Cap: SEK 5.0b

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

Peab

Market Cap: SEK 21.3b

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

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.

CellaVision

Market Cap: SEK 4.2b

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

Mips

Market Cap: SEK 8.7b

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

Hemnet Group

Market Cap: SEK 19.5b

Operates a residential property platform in Sweden.

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.

Carasent

Market Cap: SEK 1.9b

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

Fagerhult Group

Market Cap: SEK 7.7b

Designs, manufactures, and markets professional lighting solutions worldwide.

Nordisk Bergteknik

Market Cap: SEK 747.0m

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

Ependion

Market Cap: SEK 3.8b

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

RVRC Holding

Market Cap: SEK 6.7b

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

MilDef Group

Market Cap: SEK 7.3b

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

Vitrolife

Market Cap: SEK 19.4b

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

Lea Bank

Market Cap: SEK 1.3b

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

Invisio

Market Cap: SEK 13.8b

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.

Acast

Market Cap: SEK 5.2b

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

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.

SinterCast

Market Cap: SEK 771.1m

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.

Devyser Diagnostics

Market Cap: SEK 2.1b

Engages in the development, manufacture, and sale of diagnostic kits and solutions for DNA testing within hereditary diseases, oncology, and post-transplantation monitoring in Sweden, rest of Europe, the Middle East, Africa, North and South America, and Asia.

Lime Technologies

Market Cap: SEK 4.8b

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

Hexatronic Group

Market Cap: SEK 4.0b

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 34.1b

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

Lindab International

Market Cap: SEK 17.1b

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

Net Insight

Market Cap: SEK 1.2b

Provides media network solutions worldwide.

Beijer Alma

Market Cap: SEK 17.6b

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

Asmodee Group

Market Cap: SEK 28.9b

Engages in publishing and distribution of tabletop games.