Norwegian Undervalued Stocks Based On Cash Flows

Kongsberg Gruppen

Market Cap: NOK 244.9b

Provides high-tech systems and solutions primarily to customers in the defense markets.

Cambi

Market Cap: NOK 3.5b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Napatech

Market Cap: NOK 5.1b

Provides programmable smart network interface cards and data processing units solutions for cloud, enterprise, and telecom datacenter networks in the Americas and internationally.

Trøndelag Sparebank

Market Cap: NOK 521.3m

A savings bank, provides banking products and services in Norway.

Sparebanken Møre

Market Cap: NOK 5.4b

Provides banking services for the retail and business markets in Norway.

AKVA group

Market Cap: NOK 4.9b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Sparebanken Norge

Market Cap: NOK 31.9b

A financial services company, provides banking and financing services.

Grieg Seafood

Market Cap: NOK 3.2b

A seafood company, engages in the farming, production, and sale of Atlantic salmon in Continental Europe, the United Kingdom, the United States, Canada, Asia, and internationally.

Gjensidige Forsikring

Market Cap: NOK 133.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

OKEA

Market Cap: NOK 3.2b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

Sats

Market Cap: NOK 8.4b

Provides fitness and training services in Norway, Sweden, Denmark, and Finland.

Multiconsult

Market Cap: NOK 4.0b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

General Oceans

Market Cap: NOK 3.6b

Engages in developing and manufacturing oceanographic sensors, underwater vehicle systems, robotic manipulators, and software in Norway and Internationally.

Borregaard

Market Cap: NOK 14.6b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Norbit

Market Cap: NOK 10.4b

Provides technology solutions to customers in a range of industries.

Norsk Titanium

Market Cap: NOK 1.2b

Engages in 3D printing of metal alloys for commercial aerospace, defense, and industrial manufacturers in Europe and the United States.

Aqualis

Market Cap: NOK 1.2b

An investment holding company, provides marine, offshore, and renewables consultancy services to the energy, shipping, and insurance industries worldwide.

Pexip Holding

Market Cap: NOK 7.9b

A video technology company, offers end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Kongsberg Maritime

Market Cap: NOK 45.1b

Kongsberg Maritime ASA, along with its subsidiaries, provides products and systems for positioning and navigation, marine automation, onshore and offshore installations, merchant marine, and safety management solutions.

Appear

Market Cap: NOK 2.9b

Develops and provides solutions for processing, transport, and delivery of live video for the broadcast, media, and sports industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Vend Marketplaces

Market Cap: NOK 48.3b

Develops and operates various marketplaces in Norway, Sweden, Finland, and Denmark.

Nekkar

Market Cap: NOK 1.4b

Operates as an industrial company builder in Europe, Turkey, Asia, Australia, New Zealand, North America, the United Arab Emirates, Africa, the United States, South America, India, Norway, and internationally.

Norsk Hydro

Market Cap: NOK 174.8b

Engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide.