Swedish Capital Goods Undervalued over 20% based on DCF

AB Volvo

Market Cap: SEK 693.7b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania.

ASSA ABLOY

Market Cap: SEK 368.8b

Provides door opening and access products for the institutional, commercial, and residential markets.

AB SKF

Market Cap: SEK 120.2b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

Skanska

Market Cap: SEK 105.1b

Operates as a construction and project development company in the Nordics, Europe, and the United States.

Trelleborg

Market Cap: SEK 92.5b

Provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Sweco

Market Cap: SEK 47.4b

Provides architecture and engineering consultancy services worldwide.

Munters Group

Market Cap: SEK 30.2b

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia-pacific.

Peab

Market Cap: SEK 25.7b

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

Beijer Alma

Market Cap: SEK 17.6b

Engages in component manufacturing and industrial trading businesses in Sweden, rest of Nordic Region, rest of Europe, North America, Asia, and internationally.

Systemair

Market Cap: SEK 17.2b

Manufactures and sells of ventilation, heating and cooling products, and systems in Europe, North America, the Middle East, Asia, Australia, and Africa.

Alimak Group

Market Cap: SEK 13.2b

Designs, manufactures, sells, and services vertical access and working at height solutions worldwide.

Lindab International

Market Cap: SEK 10.9b

Manufactures and sells products and solutions for ventilation systems.

Inwido

Market Cap: SEK 10.1b

Through its subsidiaries, engages in the development, manufacture, and sale of windows and doors in Sweden.

Hexatronic Group

Market Cap: SEK 10.1b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Invisio

Market Cap: SEK 9.6b

Develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, Netherlands, rest of Europe, the United States, and internationally.

Troax Group

Market Cap: SEK 8.6b

Through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, and internationally.

MilDef Group

Market Cap: SEK 8.3b

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally.

Bergman & Beving

Market Cap: SEK 7.9b

Provides solutions for the manufacturing and construction sectors in Sweden, Norway, Finland, Benelux, the Baltics, Denmark, the United Kingdom, and internationally.

Momentum Group

Market Cap: SEK 6.4b

Supplies industrial components, industrial services, and related services to the industrial sector in Sweden, Norway, Denmark, Finland, and internationally.

Nederman Holding

Market Cap: SEK 4.5b

Operates as an environmental technology company.

Nyab

Market Cap: SEK 4.4b

Engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally.

Idun Industrier

Market Cap: SEK 3.5b

An investment holding company, invests in and develops industrial and service businesses in Sweden, rest of Nordic countries, rest of Europe, and internationally.

Fasadgruppen Group

Market Cap: SEK 1.7b

Operates as a service provider of facades in Sweden, Denmark, Norway, and Finland.

SinterCast

Market Cap: SEK 735.9m

Provides process control technology to produce compacted graphite iron (CGI) for the foundry and automotive industries in Brazil, Mexico, Sweden, the United States of America, Korea, China, Spain, Japan, the United Kingdom, and internationally.