Swedish Undervalued Stocks Based On Cash Flows

Apotea

Market Cap: SEK 6.8b

Operates an online pharmacy in Sweden.

SinterCast

Market Cap: SEK 635.2m

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.

Dometic Group

Market Cap: SEK 9.6b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.

Arlandastad Group

Market Cap: SEK 2.6b

Operates as a real estate development company in Sweden.

Sdiptech

Market Cap: SEK 8.7b

Provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Austria, Norway, Finland, the Unites States, and internationally.

Cint Group

Market Cap: SEK 1.5b

Provides software solutions for digital insights and research technology worldwide.

Dustin Group

Market Cap: SEK 2.1b

Engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium.

Smart Eye

Market Cap: SEK 2.2b

Develops human insight artificial intelligence (AI) technology solutions that understand, support, and predict human behavior in the Nordics countries, the rest of Europe, North America, Asia, and internationally.

Haypp Group

Market Cap: SEK 4.1b

Operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.

W5 Solutions

Market Cap: SEK 895.5m

Develops and delivers systems and solutions for the defense and civil protection sectors in Sweden.

Careium

Market Cap: SEK 496.3m

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

Vitrolife

Market Cap: SEK 14.4b

Provides assisted reproduction products in Europe, the Middle East, Africa, Asia-Pacific, and the Americas.

Axfood

Market Cap: SEK 68.7b

Engages in the food retail and wholesale businesses primarily in Sweden.

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.

Hemnet Group

Market Cap: SEK 10.4b

Operates a residential property platform in Sweden.

Troax Group

Market Cap: SEK 6.5b

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

Nordrest Holding

Market Cap: SEK 4.0b

Operates as a foodservice company in Sweden and internationally.

Mentice

Market Cap: SEK 362.8m

Develops, sells, and markets solutions for training and decision support in the clinical area of interventional angiography in cardiology, neurology, vascular surgery, and radiology.

Rusta

Market Cap: SEK 15.5b

Engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany.

Elekta

Market Cap: SEK 21.8b

A medical technology company, provides clinical solutions for treating cancer and brain disorders in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Ependion

Market Cap: SEK 3.5b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Arcoma

Market Cap: SEK 113.9m

Develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally.

Carasent

Market Cap: SEK 1.6b

Provides cloud based electronic health record (EHR) systems solutions and platform services for healthcare sector in Nordics and Germany.

Bonesupport Holding

Market Cap: SEK 17.3b

An orthobiologics company, develops and sells injectable bio-ceramic bone graft substitutes in Europe, North America, and internationally.

Wästbygg Gruppen

Market Cap: SEK 227.9m

Operates as a construction and project development company in Sweden, Norway, Denmark, and Finland.

CDON

Market Cap: SEK 838.7m

Operates online marketplace in Sweden and other Nordics region.

Asmodee Group

Market Cap: SEK 27.4b

Engages in publishing and distribution of tabletop games.

Cavotec Group

Market Cap: SEK 1.5b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications worldwide.

Qualisys Holding

Market Cap: SEK 494.0m

Provides precision motion capture and 3D positioning tracking systems in Europe, the Middle East, Africa, the United States, and the Asia-Pacific.

RaySearch Laboratories

Market Cap: SEK 7.5b

A medical technology company, provides software solutions for cancer treatment worldwide.

Lime Technologies

Market Cap: SEK 2.9b

Lime Technologies AB (publ) software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region.

SyntheticMR

Market Cap: SEK 1.2b

Engages in the development and marketing of imaging and software solutions for magnetic resonance imaging (MRI) in Sweden and internationally.

AB Volvo

Market Cap: SEK 648.5b

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

Idun Industrier

Market Cap: SEK 3.7b

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

Stille

Market Cap: SEK 1.9b

Develops, manufactures, and distributes medtech products in Sweden and internationally.

Nitro Games Oyj

Market Cap: SEK 33.0m

Develops and publishes mobile games in the European Union, North America, the United Kingdom, and internationally.