Betsson And 2 Other Undiscovered Gems In Sweden
In This Article:
As global markets continue to navigate economic fluctuations, Sweden's stock market has shown resilience, with the pan-European STOXX Europe 600 Index ending 2.46% higher amid growing hopes for interest rate cuts. This positive sentiment provides a fertile ground for uncovering lesser-known stocks with strong potential. In this context, identifying promising stocks often involves looking at companies that can thrive in changing economic conditions and capitalize on sector-specific opportunities. Here are three such undiscovered gems in Sweden, starting with Betsson.
Top 10 Undiscovered Gems With Strong Fundamentals In Sweden
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Softronic | NA | 3.58% | 7.41% | ★★★★★★ |
| Duni | 29.33% | 10.78% | 22.98% | ★★★★★★ |
| Bahnhof | NA | 9.11% | 15.30% | ★★★★★★ |
| Firefly | NA | 15.31% | 29.94% | ★★★★★★ |
| AB Traction | NA | 5.38% | 5.19% | ★★★★★★ |
| Creades | NA | -28.54% | -27.09% | ★★★★★★ |
| OEM International | 2.03% | 11.97% | 18.62% | ★★★★★★ |
| Linc | NA | 56.01% | 0.54% | ★★★★★★ |
| AQ Group | 7.30% | 14.89% | 22.26% | ★★★★★★ |
| Solid F?rs?kringsaktiebolag | NA | 7.64% | 28.44% | ★★★★☆☆ |
We'll examine a selection from our screener results.
Betsson
Simply Wall St Value Rating: ★★★★★★
Overview: Betsson AB (publ) operates and manages online gaming businesses across the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally with a market cap of SEK18.16 billion.
Operations: Betsson AB generates revenue primarily from its Casinos & Resorts segment, which accounted for €1009.20 million.
Betsson, a notable player in Sweden's gaming sector, reported Q2 2024 sales of €271.5M, up from €236.8M the previous year. Despite this growth, net income dipped slightly to €45.5M from €50.2M. The company’s debt to equity ratio improved over five years from 25.9% to 21.7%, reflecting prudent financial management. Recent expansions include obtaining online casino and sports betting licenses in Peru, adding to existing licenses in Colombia and Argentina.
-
Click to explore a detailed breakdown of our findings in Betsson's health report.
-
Evaluate Betsson's historical performance by accessing our past performance report.
engcon
Simply Wall St Value Rating: ★★★★★☆
Overview: engcon AB (publ) designs, produces, and sells excavator tools globally and has a market cap of SEK16.30 billion.
Operations: engcon AB (publ) generates revenue primarily from the sale of construction machinery and equipment, totaling SEK1.54 billion. The company has a market cap of SEK16.30 billion.
engcon's recent performance highlights its small cap nature, with net income for Q2 2024 at SEK 55 million, down from SEK 83 million the previous year. Sales for the first half of 2024 were SEK 844 million compared to SEK 1.20 billion in the same period last year. Despite a satisfactory net debt to equity ratio of 8.5% and strong interest coverage (20.4x EBIT), profit margins fell to 9.9% from last year's 18%. Earnings are forecasted to grow by nearly 44% annually, indicating potential future growth despite current challenges.