Swedish Undervalued based on future growth

Boliden

Market Cap: SEK 84.7b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Castellum

Market Cap: SEK 55.0b

Castellum is one of the Nordic region's largest commercial real estate companies, focusing on office and logistics properties in Nordic growth cities.

Husqvarna

Market Cap: SEK 29.8b

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

Betsson

Market Cap: SEK 22.5b

Through its subsidiaries, invests in and manages online gaming business in the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally.

Peab

Market Cap: SEK 21.0b

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

Afry

Market Cap: SEK 17.0b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

Gränges

Market Cap: SEK 13.9b

Engages in the development, production, and distribution of rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Asia Pacific, Europe, and North and South Americas.

FastPartner

Market Cap: SEK 9.8b

A real estate company, owns, develops, and manages residential and commercial properties in Sweden.

JM

Market Cap: SEK 9.1b

JM AB (publ) constructs, develops, and sells housing and residential areas in the Nordic region.

Diös Fastigheter

Market Cap: SEK 9.0b

Develops, owns, and rents commercial and residential properties in Sweden.

AcadeMedia

Market Cap: SEK 8.8b

Operates as an independent education provider in Sweden, Norway, the Netherlands, and Germany.

TF Bank

Market Cap: SEK 8.7b

A digital bank, provides consumer banking services and e-commerce solutions through a proprietary IT platform in Sweden .

Hoist Finance

Market Cap: SEK 8.5b

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

Platzer Fastigheter Holding

Market Cap: SEK 8.3b

Operates as a commercial real estate company in Sweden.

Instalco

Market Cap: SEK 6.9b

Provides installation services in the electrical, heating and plumbing, ventilation, technical consulting, and industrial areas in Sweden and rest of the Nordics.

Resurs Holding

Market Cap: SEK 5.5b

Through its subsidiaries, engages in the provision of payment solutions and consumer loans in Sweden, Norway, Finland, and Denmark.

Alligo

Market Cap: SEK 5.2b

Offers workwear, personal protection equipment, tools, and consumables in Sweden, Norway, and Finland.

Meko

Market Cap: SEK 4.8b

Operates in the automotive aftermarket business in Sweden, Norway, Denmark, Finland, Poland, Estonia, Latvia, and Lithuania.

ITAB Shop Concept

Market Cap: SEK 4.4b

Develops, manufactures, sells, and installs store concepts for retail chain stores.

Prisma Properties

Market Cap: SEK 4.1b

Owns, develops, and leases properties in Sweden, Denmark, and Norway.

Intellego Technologies

Market Cap: SEK 4.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Humble Group

Market Cap: SEK 3.4b

Develops, refines, and distributes fast-moving consumer products in Sweden and internationally.

Byggmax Group

Market Cap: SEK 3.4b

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

Green Landscaping Group

Market Cap: SEK 3.1b

Engages in the green space management and landscaping business in Sweden, Norway, and rest of Europe.

KB Components

Market Cap: SEK 2.9b

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

Elanders

Market Cap: SEK 2.0b

A logistics company, provides supply chain, and print and packaging solutions in Sweden, Germany, the United States, Singapore, the United Kingdom, the Netherlands, India, China, Switzerland, Poland, Hungary, and internationally.

Humana

Market Cap: SEK 1.9b

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

Enea

Market Cap: SEK 1.5b

Provides software products for telecom and cybersecurity industries worldwide.

Gentoo Media

Market Cap: SEK 1.4b

An iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally.

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Lea Bank

Market Cap: SEK 1.2b

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

Prevas

Market Cap: SEK 971.5m

Provides technical consultancy services in Sweden, Denmark, Finland, and internationally.

Profoto Holding

Market Cap: SEK 872.0m

Provides lighting equipment for professional photographers, cinematographers, and studios in Sweden and internationally.

Tobii

Market Cap: SEK 811.6m

Develops and sells eye-tracking technology and solutions in Sweden, Europe, Middle East, Africa, the United States, and internationally.

Pricer

Market Cap: SEK 742.6m

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

Careium

Market Cap: SEK 717.6m

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