Swedish Undervalued based on future growth

Investor

Market Cap: SEK 862.9b

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

JM

Market Cap: SEK 10.0b

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

AcadeMedia

Market Cap: SEK 8.4b

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

TF Bank

Market Cap: SEK 8.3b

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

Better Collective

Market Cap: SEK 7.9b

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

Hoist Finance

Market Cap: SEK 7.4b

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

Instalco

Market Cap: SEK 6.8b

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

Meko

Market Cap: SEK 6.2b

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

ITAB Shop Concept

Market Cap: SEK 6.0b

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

Alligo

Market Cap: SEK 5.7b

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

Humble Group

Market Cap: SEK 3.8b

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

Intellego Technologies

Market Cap: SEK 3.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

KB Components

Market Cap: SEK 2.7b

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

Absolent Air Care Group

Market Cap: SEK 2.5b

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

Elanders

Market Cap: SEK 2.1b

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.

Net Insight

Market Cap: SEK 1.4b

Provides media network solutions worldwide.

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Prevas

Market Cap: SEK 1.2b

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

Lea Bank

Market Cap: SEK 1.1b

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

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.

Pricer

Market Cap: SEK 860.1m

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

Nordisk Bergteknik

Market Cap: SEK 684.0m

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

HAKI Safety

Market Cap: SEK 642.3m

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

B3 Consulting Group

Market Cap: SEK 585.9m

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

Netel Holding

Market Cap: SEK 513.3m

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

Eniro Group

Market Cap: SEK 358.2m

Operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland.

Ogunsen

Market Cap: SEK 280.8m

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

Angler Gaming

Market Cap: SEK 269.9m

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

Fable Media Group

Market Cap: SEK 190.2m

Invests in marketing businesses.

Calviks

Market Cap: SEK 164.0m

Job Solution Sweden Holding AB operates as a recruitment company in Sweden and Norway.

Clemondo Group

Market Cap: SEK 135.0m

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

Nitro Games Oyj

Market Cap: SEK 35.5m

Develops and publishes mobile games in the European Union, North America, the United Kingdom, and internationally.