In This Article:
As global markets show signs of recovery and optimism grows, Sweden's small-cap sector is gaining attention. With the S&P 600 and other indices reflecting positive sentiment, August 2024 presents a compelling opportunity to explore some of Sweden's lesser-known yet promising stocks. Identifying potential winners in this environment often involves looking for companies with strong fundamentals, innovative products or services, and resilience in fluctuating market conditions.
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 Försäkringsaktiebolag | NA | 7.64% | 28.44% | ★★★★☆☆ |
Let's dive into some prime choices out of from the screener.
engcon
Simply Wall St Value Rating: ★★★★★☆
Overview: Engcon AB (publ) designs, produces, and sells excavator tools across various regions including Europe, the Americas, Asia-Pacific, and internationally with a market cap of SEK16.51 billion.
Operations: Engcon AB (publ) generates its revenue primarily from the construction machinery and equipment segment, which accounted for SEK1.54 billion. The company's net profit margin is a key financial metric to consider when evaluating its profitability.
engcon's recent performance reflects a mixed bag, with net income for Q2 2024 at SEK 55 million compared to SEK 83 million last year. The company's earnings per share also dipped from SEK 0.55 to SEK 0.37 during the same period. Despite these setbacks, engcon's debt-to-equity ratio stands at a satisfactory 8.5%, and its interest payments are well covered by EBIT (20.4x). Profit margins have fallen to 9.9% this year from last year's 18%.
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Unlock comprehensive insights into our analysis of engcon stock in this health report.
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Examine engcon's past performance report to understand how it has performed in the past.
OEM International
Simply Wall St Value Rating: ★★★★★★
Overview: OEM International AB (publ), along with its subsidiaries, supplies products and systems for industrial applications and has a market cap of SEK16.97 billion.
Operations: The company generates revenue primarily from Sweden (SEK 3.28 billion), Finland, the Baltic States, and China (SEK 1.05 billion), as well as Denmark, Norway, the British Isles, and East Central Europe (SEK 1.20 billion).