Swedish Undervalued Stocks Based On Cash Flows

Rusta

Market Cap: SEK 9.9b

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.

Truecaller

Market Cap: SEK 9.0b

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

Bonesupport Holding

Market Cap: SEK 13.6b

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

Micro Systemation

Market Cap: SEK 1.2b

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

KB Components

Market Cap: SEK 2.5b

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

Stille

Market Cap: SEK 1.6b

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

BHG Group

Market Cap: SEK 4.9b

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

Axfood

Market Cap: SEK 57.8b

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

Volvo Car AB (publ.)

Market Cap: SEK 100.8b

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

BioGaia

Market Cap: SEK 10.1b

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.

Peab

Market Cap: SEK 21.2b

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

Electrolux Professional

Market Cap: SEK 18.8b

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

Clemondo Group

Market Cap: SEK 135.0m

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

Hemnet Group

Market Cap: SEK 18.6b

Operates a residential property platform in Sweden.

Mips

Market Cap: SEK 8.6b

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

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.

Ependion

Market Cap: SEK 3.6b

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

Fagerhult Group

Market Cap: SEK 7.4b

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.

MilDef Group

Market Cap: SEK 7.0b

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

RVRC Holding

Market Cap: SEK 6.6b

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

Vitrolife

Market Cap: SEK 18.8b

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

Invisio

Market Cap: SEK 13.4b

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.

Hexatronic Group

Market Cap: SEK 3.7b

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

Apotea

Market Cap: SEK 9.1b

Operates an online pharmacy in Sweden.

Troax Group

Market Cap: SEK 8.3b

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

Lime Technologies

Market Cap: SEK 4.6b

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

Lea Bank

Market Cap: SEK 1.4b

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

Lindab International

Market Cap: SEK 16.7b

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

Asker Healthcare Group

Market Cap: SEK 34.4b

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

CombinedX

Market Cap: SEK 670.1m

Provides technology solutions to companies and organizations.

Asmodee Group

Market Cap: SEK 27.6b

Engages in publishing and distribution of tabletop games.

Beijer Alma

Market Cap: SEK 17.4b

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

Munters Group

Market Cap: SEK 27.9b

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia.