Undiscovered Gems In Sweden To Watch This August 2024
In This Article:
As global markets show signs of resilience and hopes for a "soft landing" in the U.S. economy grow, European indices have also posted strong gains, with the pan-European STOXX Europe 600 Index ending 2.46% higher. Against this backdrop, Sweden's market offers intriguing opportunities for investors looking to uncover hidden gems among small-cap stocks. In light of these positive market conditions, identifying promising stocks involves focusing on companies that demonstrate robust fundamentals and potential for growth within their sectors.
Top 10 Undiscovered Gems With Strong Fundamentals In Sweden
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Bahnhof | NA | 9.47% | 15.07% | ★★★★★★ |
| Softronic | NA | 3.58% | 7.41% | ★★★★★★ |
| Duni | 29.33% | 10.78% | 22.98% | ★★★★★★ |
| AB Traction | NA | 5.38% | 5.19% | ★★★★★★ |
| Firefly | NA | 15.31% | 29.94% | ★★★★★★ |
| Creades | NA | -28.54% | -27.09% | ★★★★★★ |
| Linc | NA | 56.01% | 0.54% | ★★★★★★ |
| Rederiaktiebolaget Gotland | NA | -14.29% | 18.06% | ★★★★★★ |
| AQ Group | 7.30% | 14.89% | 22.26% | ★★★★★★ |
| Solid F?rs?kringsaktiebolag | NA | 7.64% | 28.44% | ★★★★☆☆ |
Below we spotlight a couple of our favorites from our exclusive screener.
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 SEK18.05 billion.
Operations: Betsson AB (publ) generates its revenue primarily from Casinos & Resorts, amounting to €1.01 billion. The company's market cap stands at SEK18.05 billion.
Betsson's debt to equity ratio has improved from 25.9% to 21.7% over the past five years, reflecting a healthier balance sheet. The company reported earnings growth of 12.2% last year, outpacing the hospitality industry's -11.4%. Trading at 73.8% below its estimated fair value, Betsson seems undervalued compared to peers and industry standards. Recently, Betsson expanded into Peru with new online casino and sports betting licenses, adding to their existing operations in Colombia and Argentina.
-
Click here and access our complete health analysis report to understand the dynamics of Betsson.
-
Review our historical performance report to gain insights into Betsson's's past performance.
Biotage
Simply Wall St Value Rating: ★★★★★★
Overview: Biotage AB (publ) offers solutions and products for drug discovery and development, analytical testing, and water and environmental testing, with a market cap of SEK15.43 billion.
Operations: Biotage generates revenue primarily from its Healthcare Software segment, which contributed SEK 2.08 billion. The company's net profit margin is not provided in the available data.