Discovering Sweden's Undiscovered Gems For September 2024
In This Article:
As global markets face volatility and economic indicators show mixed signals, Sweden's small-cap sector offers intriguing opportunities for discerning investors. In this article, we explore three undiscovered gems in the Swedish market that demonstrate resilience and potential despite broader market challenges.
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 | 9.02% | 15.02% | ★★★★★★ |
| AB Traction | NA | 5.38% | 5.19% | ★★★★★★ |
| Firefly | NA | 16.04% | 32.29% | ★★★★★★ |
| Creades | NA | -28.54% | -27.09% | ★★★★★★ |
| AQ Group | 7.30% | 14.89% | 22.26% | ★★★★★★ |
| Byggm?stare Anders J Ahlstr?m Holding | NA | 30.31% | -9.00% | ★★★★★★ |
| Linc | NA | 56.01% | 0.54% | ★★★★★★ |
| Solid F?rs?kringsaktiebolag | NA | 7.64% | 28.44% | ★★★★☆☆ |
Here we highlight a subset of our preferred stocks from the screener.
Cloetta
Simply Wall St Value Rating: ★★★★★☆
Overview: Cloetta AB (publ) operates as a confectionary company with a market cap of approximately SEK6.69 billion.
Operations: Packaged branded goods generate SEK6.24 billion in revenue, while candy not packed in small bags contributes SEK2.22 billion.
Cloetta, a Swedish confectionery company, has shown solid performance with earnings growth of 29.8% over the past year, outpacing the Food industry’s 24.3%. The debt to equity ratio has improved from 69.4% to 45.9% over five years, and its net debt to equity ratio stands at a satisfactory 35.7%. Recent Q2 results revealed sales of SEK 2.04 billion and net income of SEK 82 million, reflecting steady growth from last year’s figures.
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Navigate through the intricacies of Cloetta with our comprehensive health report here.
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Gain insights into Cloetta's historical performance by reviewing our past performance report.
Momentum Group
Simply Wall St Value Rating: ★★★★★☆
Overview: Momentum Group AB (publ) supplies industrial components, industrial services, and related services to the industrial sector with a market cap of SEK8.67 billion.
Operations: Momentum Group AB (publ) generated SEK2.70 billion in revenue from its industrial components and services segments. The company's financials include segment adjustments totaling SEK2.70 billion and eliminations of SEK29 million.
Momentum Group has shown impressive growth, with earnings rising 13.3% over the past year, outpacing the Trade Distributors industry’s 1.3%. The company reported second-quarter revenue of SEK 775 million and net income of SEK 53 million, up from SEK 550 million and SEK 44 million respectively a year ago. Debt to equity ratio improved from 88.9% to 66.8% over five years, though it remains high at a net debt to equity ratio of 54.7%.