In this equity research report, analysts Sebastian Brock and Joséphine Lindestam take a closer look at Midsona AB, a Swedish manufacturer of healthy and sustainable foods. Following several years of acquisition-driven growth under prior management, weak brand development and deteriorating market conditions significantly pressured margins, leading to a re-rating of the stock. As a result, Midsona is currently priced as if no operational improvement will occur.
In this fundamental analysis report, analysts Axel Hockman and Edvin Ganic provide an in-depth analysis of CTEK AB, a Swedish premium battery charging and power management specialist with a leading position in low-voltage charging and selective exposure to EV charging infrastructure.
In this fundamental analysis report, analyst Ville Nordmark takes a closer look at Tekova Oyj (“Tekova”), a Finnish commercial construction contractor specializing in standardized turnkey delivery, with growing exposure to datacenter projects. Tekova’s scalable operating setup, capable of absorbing approximately 48% revenue growth without incremental resources, combined with quality-driven pricing power and continued datacenter-related demand supports a constructive fundamental outlook. An equally weighted DCF and peer valuation imply an upside
potential of 75% from current levels.
In this fundamental analysis report, analysts Axel Enberg and Antonio Sherwany take a closer look at Inwido AB. Inwido is the leading European consolidator in energy-efficient windows and doors, operating in a highly fragmented market with over 10,000 players. The market underestimates the Company’s strong M&A capacity, its sustainable positioning to benefit from EU regulatory tailwinds, and the growing contribution from its e-commerce business.
In this fundamental analysis report, analysts Emelie Jönsson and Emil Liljeborg take a closer look at Tokmanni Group Oyj, a Nordic discount retailer operating stores in Finland, Sweden and Denmark. Weak profitability in 2025 and a cancelled dividend have driven the stock to a historical low valuation of 6.4x adjusted EV/EBIT for 2027. However, future financials are supported by a margin-accretive
shift in product assortment and significant joint purchasing synergies with the newly integrated Dollarstore.
In this fundamental analysis report, analysts Michael Sedigh and Viktor Gautvik take a closer look at Embellence Group, a Swedish premium interior design company operating a House of Brands within wallpaper, textiles, and window films. Embellence benefits from a strong brand
portfolio, in-house production capabilities, and a growing exposure to attractive markets such as the U.S. and hospitality.
In this pitch deck, analysts Gustav Wisenius, Gustav Bartholdsson, and Oscar Isacsson present the investment case for B&M European Value Retail. With continued capital returns and a re-rating supported by fundamental outperformance, the base case implies 115% total upside and a clear path to multiple re-rating in the coming years.
In this pitch deck, analysts Adam Bursic, Albin Pehrson, and Cheng-Tao Lee present a compelling investment case on ACM Research. A DCF valuation supports a target price of $54.34, implying 123.0% upside and a 12.8% IRR through 2032.
In this equity research report, analysts Adam Orvegård and Vilmer Ahlborg analyze Kjell Group, a Swedish retailer of consumer electronics accessories. Through an equally weighted DCF and a peer valuation, a target price of SEK 18.0 is implied, indicating a potential upside of 69.8%.
In this fundamental analysis, analysts Erik Månsson and Torkel Johansson take a closer look at WindowMaster A/S, a Danish provider of natural ventilation and smoke control solutions. Positioned to benefit from tightening energy efficiency regulations, the Company is forecast to deliver a revenue CAGR of 7.0% from 2025E through 2028E.
