Swedish Undervalued based on future growth

Investor

Market Cap: SEK 873.7b

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

Volvo Car AB (publ.)

Market Cap: SEK 53.9b

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

Husqvarna

Market Cap: SEK 25.7b

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

Gränges

Market Cap: SEK 13.0b

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 10.5b

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

JM

Market Cap: SEK 9.7b

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

Instalco

Market Cap: SEK 8.5b

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

AcadeMedia

Market Cap: SEK 8.2b

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

Norion Bank

Market Cap: SEK 7.9b

Provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally.

TF Bank

Market Cap: SEK 7.5b

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

Hoist Finance

Market Cap: SEK 7.1b

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

ITAB Shop Concept

Market Cap: SEK 6.3b

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

Hexatronic Group

Market Cap: SEK 5.6b

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

Alligo

Market Cap: SEK 5.5b

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

Resurs Holding

Market Cap: SEK 4.7b

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

Humble Group

Market Cap: SEK 4.1b

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

Nivika Fastigheter

Market Cap: SEK 3.8b

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

Green Landscaping Group

Market Cap: SEK 3.5b

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.

Byggmax Group

Market Cap: SEK 2.9b

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

Humana

Market Cap: SEK 2.0b

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

Elanders

Market Cap: SEK 1.9b

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.

Net Insight

Market Cap: SEK 1.5b

Provides media network solutions worldwide.

Arise

Market Cap: SEK 1.5b

Operates in the renewable energy sector.

Lea Bank

Market Cap: SEK 1.3b

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

Prevas

Market Cap: SEK 1.3b

Provides technical consultancy services in Sweden and internationally.

C-Rad

Market Cap: SEK 1.0b

Develops, manufactures, and sells products and systems with applications in radiotherapy for the treatment of cancer in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Pricer

Market Cap: SEK 986.7m

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

RugVista Group

Market Cap: SEK 976.9m

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

Rottneros

Market Cap: SEK 888.0m

Develops and produces chemical and mechanical market pulp worldwide.

ADDvise Group

Market Cap: SEK 833.8m

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.

Pierce Group

Market Cap: SEK 817.6m

An e-commerce company, engages in the sale of motorcycle and snowmobile gears, and parts and accessories in Sweden.

HAKI Safety

Market Cap: SEK 667.0m

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 554.9m

A consultancy company provides IT and management consultancy services in Sweden.

Netel Holding

Market Cap: SEK 497.7m

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

AVTECH Sweden

Market Cap: SEK 489.1m

Engages in the development and sale of products and services for digital air traffic control systems.