Nasdaq Stockholm · Nasdaq First North Growth Market (Stockholm) · below €300M
Swedish Microcap Stocks Screener
Screen Swedish microcap stocks below SEK 3B (~€300M) on Nasdaq Stockholm — First North Growth Market has 400+ companies with international revenues and minimal non-Nordic coverage.
What makes Sweden microcaps worth screening
- First North Growth Market Stockholm is one of the most active alternative markets in Europe — over 400 listed companies in technology, healthcare, gaming, and B2B services, most below SEK 3B market cap
- Swedish microcaps have disproportionate international revenue exposure for their size — many are global B2B software, medtech, and gaming companies at under €100M valuation serving customers across Europe and North America
- Corporate governance on First North is high by alternative market standards — reporting quality, audit standards, and board independence are comparable to Nasdaq Stockholm main market requirements
- Nordic family office and serial entrepreneur networks frequently serve as long-term anchors in First North companies — providing alignment with patient capital that is rare in microcap markets elsewhere
Where Sweden microcaps are listed
Nasdaq First North Growth Market (Stockholm)
Part of Nasdaq Stockholm. Most Sweden companies below €300M market cap are listed on this alternative or growth segment — lighter listing requirements, same exchange oversight, and SEK-denominated trading.
Exchange code in ScreenerHero: STO
How to screen Sweden microcap stocks
1. Set exchange + market cap
Select STO in the exchange filter. Set market cap maximum to €300M (or the SEK equivalent — equivalent in your target range). Sort by market cap ascending to start from the smallest names.
2. Apply quality filters
Add ROE > 8% and positive profit margin to filter the profitable subset of the microcap universe. Debt/equity below 1.5 removes overleveraged names. This combination narrows the universe to companies worth deeper analysis.
3. Find the cheapest
Sort by P/E or EV/EBITDA ascending within your quality-filtered list. Click any result to open the full instrument page — price history, fundamentals breakdown, and upcoming events.
Screen Sweden microcap stocks now
Filter by P/E, ROE, EV/EBITDA, margins, beta, and dividend yield across all Nasdaq Stockholm listings below €300M. Free, no account needed.
Common questions
What is Nasdaq First North Growth Market and how does it relate to Swedish microcaps?
Nasdaq First North Growth Market (Stockholm) is the alternative market for Swedish companies below the main Nasdaq Stockholm size and liquidity thresholds. It lists over 400 companies, the majority of which have market caps below SEK 3B (approximately €300M). Governance and reporting requirements are high for an alternative market.
What sectors are most represented in Swedish microcaps?
Technology (B2B SaaS, security, fintech), healthcare (medical devices, diagnostics, pharma), gaming and entertainment, and industrial automation account for the largest number of First North listings. Sweden's gaming cluster has produced multiple globally successful studios that started as First North microcaps.
How do I screen Swedish microcap stocks in ScreenerHero?
Select STO in the exchange filter and set market cap maximum to approximately SEK 3,000M (€300M equivalent). Apply ROE > 10% and positive revenue growth to find quality growth microcaps on First North. Note that Swedish stocks are priced in SEK so market cap filters need to account for the SEK/EUR rate when comparing to euro-denominated markets.
Can I screen Sweden microcaps alongside other European markets?
Yes — the ScreenerHero screener lets you select multiple exchanges simultaneously. Combine STO with other European exchanges and apply the same market cap maximum to run cross-country microcap screens with identical fundamental filters.
Related screeners
Other country microcap screeners:
Sweden microcaps. Screened in seconds.
The Nasdaq Stockholm companies below €300M that major screeners miss. Dense tables, fast filters, all active listings — including the ones with no analyst coverage. Free, no account needed. Premium at €25/mo adds alerts and exports.