Swedish Undervalued based on future growth

Investor

Market Cap: SEK 870.7b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Volvo Car AB (publ.)

Market Cap: SEK 51.2b

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

Loomis

Market Cap: SEK 25.8b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

Gränges

Market Cap: SEK 13.5b

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 10.6b

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

JM

Market Cap: SEK 9.5b

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

AcadeMedia

Market Cap: SEK 8.2b

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

Hoist Finance

Market Cap: SEK 8.2b

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

TF Bank

Market Cap: SEK 8.1b

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

Instalco

Market Cap: SEK 6.6b

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

ITAB Shop Concept

Market Cap: SEK 6.1b

Provides solution and store design, customized concept fittings, checkouts, consumer flow solutions, professional lighting systems, and digitally interactive solutions for the physical stores.

Alligo

Market Cap: SEK 6.0b

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

Hexatronic Group

Market Cap: SEK 5.3b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, Rest of Europe, North America, Asia Pacific, the United Kingdom, and internationally.

Humble Group

Market Cap: SEK 3.9b

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

Nivika Fastigheter

Market Cap: SEK 3.7b

Owns, manages, and develops residential and commercial properties in Sweden.

Byggmax Group

Market Cap: SEK 3.0b

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

KB Components

Market Cap: SEK 2.8b

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

Intellego Technologies

Market Cap: SEK 2.6b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Absolent Air Care Group

Market Cap: SEK 2.4b

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

Elanders

Market Cap: SEK 2.3b

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 1.8b

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

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

RugVista Group

Market Cap: SEK 1.4b

Operates direct-to-consumer online platforms for carpet and rug sales in Sweden and internationally.

Prevas

Market Cap: SEK 1.2b

Provides technical consultancy services in Sweden and internationally.

Net Insight

Market Cap: SEK 1.2b

Provides media network solutions worldwide.

ADDvise Group

Market Cap: SEK 1.1b

Supplies medical devices, equipment, and consumables to public and private laboratories and research facilities, healthcare, and pharmaceuticals in North America, Europe, South America, Sweden, and internationally.

Lea Bank

Market Cap: SEK 1.1b

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

Pricer

Market Cap: SEK 1.0b

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

Profoto Holding

Market Cap: SEK 984.0m

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

HAKI Safety

Market Cap: SEK 638.7m

Provides safety products and solutions for infrastructure, energy, industry, aviation, rail and construction, and civil engineering industries in Europe and North America.

Nordisk Bergteknik

Market Cap: SEK 621.0m

Provides rock handling and foundation solutions in Sweden, Norway, Finland, and internationally.

B3 Consulting Group

Market Cap: SEK 551.3m

Operates as a consultancy company that provides IT and management consultancy services in Sweden.

Netel Holding

Market Cap: SEK 453.6m

Provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom.

Ogunsen

Market Cap: SEK 278.6m

Offers recruitment and consultancy services for specialists and managers in economics and finance sectors in Sweden.

Angler Gaming

Market Cap: SEK 274.4m

Invests in companies that offer gaming services through the internet in Malta.

Fable Media Group

Market Cap: SEK 186.8m

Invests in marketing businesses.