Swedish Capital Goods Potentially Undervalued Small Caps

Terranor Group

Market Cap: SEK 466.0m

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

QleanAir

Market Cap: SEK 389.3m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Garo Aktiebolag

Market Cap: SEK 567.0m

Develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

Nordic Flanges Group

Market Cap: SEK 67.0m

Manufactures and sells industrial flanges in Sweden, the rest of the Nordic region, the United States, and internationally.

Garpco Aktiebolag

Market Cap: SEK 256.3m

Through its subsidiaries, engages in the manufacture and sale of industrial tools, industrial components in polymer materials, and interior design and furnishings.

AVTECH Sweden

Market Cap: SEK 425.9m

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

Kakel Max

Market Cap: SEK 30.4m

Operates in the construction ceramic market in Sweden.