Swedish Undervalued Stocks Based On Cash Flows

Better Collective

Market Cap: SEK 6.8b

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

Lindab International

Market Cap: SEK 15.0b

Manufactures and sells products and solutions for ventilation systems in Europe.

Cavotec

Market Cap: SEK 1.9b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications in Switzerland and internationally.

Ependion

Market Cap: SEK 4.0b

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

PowerCell Sweden

Market Cap: SEK 1.5b

Develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally.

Clemondo Group

Market Cap: SEK 114.2m

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

Zinzino

Market Cap: SEK 5.3b

A direct sales company, provides dietary supplements and skincare products in Sweden and internationally.

Stille

Market Cap: SEK 2.0b

Manufactures and markets surgical instruments in Sweden and internationally.

Bonesupport Holding

Market Cap: SEK 20.9b

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

Carasent

Market Cap: SEK 1.5b

A technology company, engages in developing software for the health and care sector.

Telefonaktiebolaget LM Ericsson

Market Cap: SEK 258.7b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

Wall to Wall Group

Market Cap: SEK 743.0m

Provides pipe lining and flushing, pipe inspection, maintenance and sealing of ventilation ducts, and other complementary and related services in the Nordic region.

Absolent Air Care Group

Market Cap: SEK 3.1b

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

MilDef Group

Market Cap: SEK 9.5b

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

Hanza

Market Cap: SEK 3.3b

Provides manufacturing solutions.

Mips

Market Cap: SEK 10.4b

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

Norva24 Group

Market Cap: SEK 6.6b

Provides underground infrastructure maintenance services in Northern Europe.

Studsvik

Market Cap: SEK 1.0b

Develops, sells, and delivers technical solutions across the nuclear and radioactive material lifecycle in Sweden, Germany, rest of Europe, Asia, North America, and internationally.

Waystream Holding

Market Cap: SEK 175.5m

Provides routers and switches that are used in the fiber markets and peripherals in Sweden.

Björn Borg

Market Cap: SEK 1.3b

Engages in the design, development, production, wholesale, and retail of underwear, sports apparel, footwear, bags, eyewear, and fragrances under the Björn Borg brand.

Husqvarna

Market Cap: SEK 27.2b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

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.

Adtraction Group

Market Cap: SEK 572.9m

Provides advertising services in Europe.

Genovis AB (publ.)

Market Cap: SEK 1.3b

Develops and sells tools for the development of new treatment methods and diagnostics for customers in the pharmaceutical and research industries.

Nordrest Holding

Market Cap: SEK 1.7b

Operates as a foodservice company in Sweden and internationally.

Dynavox Group

Market Cap: SEK 6.6b

Through its subsidiaries, engages in the development and sale of assistive technology products for communication in Sweden and internationally.

AddLife

Market Cap: SEK 18.3b

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

Lea Bank

Market Cap: SEK 1.4b

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

Vertiseit

Market Cap: SEK 1.7b

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

Humana

Market Cap: SEK 2.2b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Vimian Group

Market Cap: SEK 23.1b

Engages in the animal health business worldwide.

HMS Networks

Market Cap: SEK 22.8b

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

CellaVision

Market Cap: SEK 4.1b

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

Xvivo Perfusion

Market Cap: SEK 8.9b

A medical technology company, develops and markets machines and perfusion solutions for assessing usable organs and maintains in optimal condition pending transplantation in Sweden, the United States, the Netherlands, Italy, North and South America, Europe, the Middle East, Africa, the Asia Pacific, and Oceania.

BICO Group

Market Cap: SEK 2.2b

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

Generic Sweden

Market Cap: SEK 712.9m

A technology company, provides messaging services for all applications.