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Investment Research

Discover investment opportunities in the Nordics.

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Lind Research is a Sweden-based independent equity research firm providing fundamental analysis and strategic insights on listed and private companies in the Nordic and European markets. We produce case-focused research reports, thematic studies, and company-specific notes, with an emphasis on valuation, ownership structures, and corporate strategy. Lind Research employs an Active Value framework to identify mispriced securities and potential catalysts, providing clear and unbiased research to institutional investors, corporate clients, and other market participants.

Latest research


Conviction list

Introducing: The Conviction List

Aug 29, 2025

•

5 min read

Introducing: The Conviction List

Launching the Conviction List.

Kristoffer Lindström
Kristoffer Lindström

PTRK

+2

Physitrack (PTRK) - Overhang Lifted, Path to Fair Value Clears

Aug 26, 2025

•

2 min read

Physitrack (PTRK) - Overhang Lifted, Path to Fair Value Clears

No more wet blanket.

Kristoffer Lindström
Kristoffer Lindström

Investment memo

+2

Embracer Group (EMBRACB) - Coffee Stain Spin-off Poised to Unlock SEK 9bn in Hidden Value

Aug 23, 2025

•

3 min read

Embracer Group (EMBRACB) - Coffee Stain Spin-off Poised to Unlock SEK 9bn in Hidden Value

We are adding EMBRACB to our conviction list; investment memo inside.

Kristoffer Lindström
Kristoffer Lindström

BETCO

+1

Better Collective (BETCO) - July Traffic Tracker Update

Aug 18, 2025

•

3 min read

Better Collective (BETCO) - July Traffic Tracker Update

Traffic decline accelerating.

Kristoffer Lindström
Kristoffer Lindström

Discovery report

Discovery report #15

Aug 4, 2025

•

4 min read

Discovery report #15

Discovery reports; a new research format from Lind.

Kristoffer Lindström
Kristoffer Lindström

PTRK

+1

PTRK: Road to Value

Aug 1, 2025

•

3 min read

PTRK: Road to Value

Research update on PTRK following the Q2'25 report.

Kristoffer Lindström
Kristoffer Lindström

Discovery report

Discovery report #14

Jul 28, 2025

•

5 min read

Discovery report #14

BETCO Q2 preview, Idea note on ADNODB, and Insiders activity in ATT, ROKOB, and ELTEL.

Kristoffer Lindström
Kristoffer Lindström

BETCO

+1

Better Collective (BETCO): Continued Traffic Weakness for Q2

Jul 25, 2025

•

12 min read

Better Collective (BETCO): Continued Traffic Weakness for Q2

Estimates of website traffic to BETCO's websites show weakness, but the market does not seem to have noticed it.

Kristoffer Lindström
Kristoffer Lindström

Lind Research

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