Undervalued Swedish Stocks Including Absolent Air Care Group And 2 More For Potential Portfolio Growth
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The Swedish stock market has been experiencing notable fluctuations, influenced by broader European economic trends and recent interest rate adjustments by the ECB. Amidst these dynamics, investors are increasingly on the lookout for undervalued stocks that could offer potential portfolio growth. In this environment, identifying stocks with strong fundamentals and growth potential becomes even more crucial. This article will explore three such undervalued Swedish stocks, including Absolent Air Care Group, that could be promising additions to your investment portfolio.
Top 10 Undervalued Stocks Based On Cash Flows In Sweden
| Name | Current Price | Fair Value (Est) | Discount (Est) |
| Sleep Cycle (OM:SLEEP) | SEK40.50 | SEK79.94 | 49.3% |
| CTT Systems (OM:CTT) | SEK269.00 | SEK493.91 | 45.5% |
| Husqvarna (OM:HUSQ B) | SEK66.50 | SEK130.03 | 48.9% |
| QleanAir (OM:QAIR) | SEK25.80 | SEK50.93 | 49.3% |
| Concentric (OM:COIC) | SEK220.00 | SEK408.25 | 46.1% |
| Biotage (OM:BIOT) | SEK181.00 | SEK361.08 | 49.9% |
| Lindab International (OM:LIAB) | SEK266.60 | SEK521.61 | 48.9% |
| Nolato (OM:NOLA B) | SEK53.15 | SEK98.97 | 46.3% |
| MilDef Group (OM:MILDEF) | SEK85.10 | SEK161.13 | 47.2% |
| BHG Group (OM:BHG) | SEK14.59 | SEK26.81 | 45.6% |
Here we highlight a subset of our preferred stocks from the screener.
Absolent Air Care Group
Overview: Absolent Air Care Group AB (publ) designs, develops, sells, installs, and maintains air filtration units with a market cap of SEK3.62 billion.
Operations: Absolent Air Care Group AB generates revenue primarily from two segments: Industrial (SEK1.14 billion) and Commercial Kitchen (SEK281.66 million).
Estimated Discount To Fair Value: 38.2%
Absolent Air Care Group appears undervalued based on cash flows, trading at SEK 320, which is 38.2% below its estimated fair value of SEK 517.82. Despite a slight decline in Q2 net income to SEK 40.35 million from SEK 45.66 million last year, the company shows promising growth with earnings forecasted to grow at 18.84% annually and revenue expected to increase by 10% per year, outpacing the Swedish market's growth rate of 1%.
Humble Group
Overview: Humble Group AB (publ) refines, develops, and distributes fast-moving consumer products in Sweden and internationally, with a market cap of SEK5.69 billion.
Operations: Humble Group AB (publ) generates revenue through four primary segments: Future Snacking (SEK950 million), Sustainable Care (SEK2.30 billion), Quality Nutrition (SEK1.53 billion), and Nordic Distribution (SEK2.67 billion).