Swedish Undervalued Stocks Based On Cash Flows

Micro Systemation

Market Cap: SEK 1.1b

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

Peab

Market Cap: SEK 21.8b

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

Arcoma

Market Cap: SEK 130.5m

Develops, produces, and provides radiology solutions and digital x-ray systems worldwide.

KB Components

Market Cap: SEK 2.4b

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 1.8b

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

Generic Sweden

Market Cap: SEK 571.0m

A technology company, provides messaging services for all applications.

Truecaller

Market Cap: SEK 13.2b

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

Bonesupport Holding

Market Cap: SEK 16.9b

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

Mips

Market Cap: SEK 8.8b

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

Acast

Market Cap: SEK 3.8b

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

Exsitec Holding

Market Cap: SEK 1.8b

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

Electrolux Professional

Market Cap: SEK 18.9b

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

Fagerhult Group

Market Cap: SEK 7.1b

Designs, manufactures, and markets professional lighting solutions worldwide.

SinterCast

Market Cap: SEK 781.7m

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.

Byggmax Group

Market Cap: SEK 3.3b

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

BioGaia

Market Cap: SEK 10.6b

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.

New Wave Group

Market Cap: SEK 15.2b

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.

Ependion

Market Cap: SEK 3.7b

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

CellaVision

Market Cap: SEK 4.3b

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

AB Volvo

Market Cap: SEK 503.5b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

BHG Group

Market Cap: SEK 5.1b

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

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.

Lindab International

Market Cap: SEK 15.6b

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

Asmodee Group

Market Cap: SEK 27.1b

Engages in publishing and distribution of tabletop games.

Lea Bank

Market Cap: SEK 1.2b

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

Hemnet Group

Market Cap: SEK 20.4b

Operates a residential property platform in Sweden.

Vimian Group

Market Cap: SEK 15.5b

Engages in the animal health business worldwide.

Troax Group

Market Cap: SEK 8.6b

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 4.0b

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

Munters Group

Market Cap: SEK 21.0b

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

Asker Healthcare Group

Market Cap: SEK 32.3b

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

TradeDoubler

Market Cap: SEK 449.7m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

Genovis AB (publ.)

Market Cap: SEK 1.5b

Develops and sells tools for the development of new treatment methods and diagnostics in North America, Europe, and Asia.

Studsvik

Market Cap: SEK 2.0b

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

MilDef Group

Market Cap: SEK 9.0b

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