Global Software Undervalued Stocks Based On Cash Flows

Info-Tech Systems

Market Cap: S$251.6m

Engages in the sale of cloud-based accounting software and human resource management software (HRMS) in Malaysia, and Singapore.

Mininglamp Technology

Market Cap: HK$14.0b

An investment holding company, provides marketing intelligence, operational intelligence, and industry solution services in China.

Atea

Market Cap: NOK 18.3b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Cybozu

Market Cap: JP¥112.6b

Engages in the development, sale, and operation of groupware in Japan.

Crexendo

Market Cap: US$214.6m

Provides cloud communication platform software and unified communications as a service in the United States and internationally.

Alkami Technology

Market Cap: US$1.8b

Provides a cloud-based digital sales and service platform for financial institutions in the United States.

Gofore Oyj

Market Cap: €161.2m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Gloo Holdings

Market Cap: US$261.9m

Designs and develops a vertical technology platform for the faith and flourishing ecosystem.

Sinergi Inti Andalan Prima

Market Cap: Rp5.1t

Engages in the provision of internet services in Indonesia.

Q2 Holdings

Market Cap: US$3.4b

Provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.

SHIFT

Market Cap: JP¥206.3b

Provides software quality assurance and testing solutions in Japan.

GMO internet group

Market Cap: JP¥387.3b

Provides various internet services in Japan and internationally.

Execus

Market Cap: €8.4m

Develops and sells technological and digital solutions for business development, focusing on artificial intelligence-powered marketing, sales, and cybersecurity services in Italy, the European Union, and internationally.

GB Group

Market Cap: UK£473.2m

Provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Sinch

Market Cap: SEK 27.4b

Provides cloud communication services and digital customer engagement channels to the enterprise sector.

Startia HoldingsInc

Market Cap: JP¥28.5b

Engages in the IT business in Japan and internationally.

Sword Group

Market Cap: €272.2m

Provides IT and software solutions in Luxembourg, Europe, and Asia.

Kainos Group

Market Cap: UK£947.7m

Engages in the provision of digital technology services in the United Kingdom, Ireland, the Americas, Central Europe, and internationally.

Kyndryl Holdings

Market Cap: US$2.7b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Redelfi

Market Cap: €119.6m

Operates as an ESG management company in Italy, the United States, and Switzerland.

Dynatrace

Market Cap: US$12.1b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

AppFolio

Market Cap: US$5.8b

Provides cloud-based platform for the real estate industry in the United States.

ReadyTech Holdings

Market Cap: AU$197.7m

Provides technology-based solutions in Australia and New Zealand, the United Kingdom, and the United States of America.

SiteMinder

Market Cap: AU$882.4m

Provides software and online licensing solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.

Avensia

Market Cap: SEK 230.2m

Provides e-commerce, omnichannel, customer experience, and information management solutions in Sweden, Norway, the United States, the United Kingdom, Switzerland, France, and internationally.

Netbay

Market Cap: ฿2.7b

Engages in the provision of Software as a Service (SaaS) for online electronic transactions between business-to-government, business-to-business, and business-to-consumer groups in Thailand.

AvePoint

Market Cap: US$2.6b

Provides cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific.

FINEOS Corporation Holdings

Market Cap: AU$622.4m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

WiseTech Global

Market Cap: AU$10.0b

Engages in the development and provision of software solutions to the logistics execution industry in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Trifork Group

Market Cap: DKK 2.1b

Provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally.

PLAIDInc

Market Cap: JP¥22.3b

Develops and operates KARTE, a customer experience (CX) SaaS platform in Japan.

Tenable Holdings

Market Cap: US$3.6b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Stockholm Nordtech Group

Market Cap: SEK 3.1b

A private equity firm specializing in growth capital.

Zscaler

Market Cap: US$23.0b

Operates as a cloud security company worldwide.

Guidewire Software

Market Cap: US$11.5b

Provides a platform for property and casualty (P&C) insurers worldwide.

Kingdee International Software Group

Market Cap: HK$24.6b

An investment holding company, engages in the subscription and sale of software worldwide.