Swedish Undervalued Stocks Based On Cash Flows

Avarda Bank

Market Cap: SEK 11.6b

A digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden.

Genovis AB (publ.)

Market Cap: SEK 1.3b

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

BioGaia

Market Cap: SEK 12.6b

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.

Oneflow

Market Cap: SEK 477.0m

A software company, develops, sells, and implements digital contract management and automation systems in Sweden, Norway and Finland, United Kingdom, France and the Netherlands, and internationally.

CDON

Market Cap: SEK 745.3m

Operates online marketplaces in Sweden, Finland, Denmark, and Norway.

Morrow Bank

Market Cap: SEK 2.8b

Provides unsecured financing to consumers in Norway, Sweden, and Finland.

Embracer Group

Market Cap: SEK 13.7b

Develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.

Vestum

Market Cap: SEK 5.9b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

Pricer

Market Cap: SEK 551.8m

Provides in-store digital solutions in Europe, the Middle East and Africa, the Americas, and Asia and Pacific.

Invisio

Market Cap: SEK 11.2b

Develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, Netherlands, rest of Europe, the United States, and internationally.

Xvivo Perfusion

Market Cap: SEK 8.6b

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

Hoist Finance

Market Cap: SEK 14.7b

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

MilDef Group

Market Cap: SEK 9.1b

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

engcon

Market Cap: SEK 9.9b

Engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.

Paradox Interactive

Market Cap: SEK 14.0b

Develops and publishes strategy and management games on PC and consoles in the United States, Rest of Europe, Sweden, and internationally.

Careium

Market Cap: SEK 630.0m

Provides technology-enabled care services in Sweden, Norway, the United Kingdom, the Netherlands, Germany, and France.

Vimian Group

Market Cap: SEK 15.9b

Engages in the animal health business worldwide.

Alleima

Market Cap: SEK 24.5b

Manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally.

Ependion

Market Cap: SEK 4.8b

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