Swedish Undervalued based on future growth

Lea Bank

Market Cap: SEK 1.4b

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

Enea

Market Cap: SEK 1.3b

Provides software products for telecom and cybersecurity industries worldwide.

RugVista Group

Market Cap: SEK 1.3b

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

C-Rad

Market Cap: SEK 1.1b

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.

Gentoo Media

Market Cap: SEK 1.1b

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

Prevas

Market Cap: SEK 1.1b

Provides technical solutions in Sweden, Denmark, Finland, and internationally.

Eolus Aktiebolag

Market Cap: SEK 1.0b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Finland, the United States, Poland, Spain, and the Baltic states.

Inission

Market Cap: SEK 969.6m

Engages in the supply of tailored manufacturing services and products in the field of industrial electronics and mechanics.

Nordisk Bergteknik

Market Cap: SEK 887.2m

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

I-Tech

Market Cap: SEK 808.7m

A biotechnology company, develops, markets, and sells antifouling coating products in Sweden.

G5 Entertainment

Market Cap: SEK 695.4m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

CombinedX

Market Cap: SEK 675.9m

Provides technology solutions to companies and organizations.

HAKI Safety

Market Cap: SEK 648.6m

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

Pricer

Market Cap: SEK 642.3m

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

Careium

Market Cap: SEK 608.2m

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

Terranor Group

Market Cap: SEK 532.0m

Operates as infrastructure and road maintenance company in Sweden, Denmark, and Finland.

AVTECH Sweden

Market Cap: SEK 525.3m

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

Sleep Cycle

Market Cap: SEK 461.3m

Engages in providing sleep tracking applications in Sweden.

Infrea

Market Cap: SEK 404.8m

A publicly owned investment manager.

TradeDoubler

Market Cap: SEK 396.5m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

Profoto Holding

Market Cap: SEK 381.6m

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

Ogunsen

Market Cap: SEK 290.5m

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.

Calviks

Market Cap: SEK 267.0m

Operates as a recruitment company in Sweden and Norway.

Clemondo Group

Market Cap: SEK 131.5m

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

Vo2 Cap Holding

Market Cap: SEK 130.6m

Operates in the media tech industry.

Arcoma

Market Cap: SEK 105.3m

Develops, produces, and provides radiology solutions and digital x-ray systems worldwide.