Global Software Undervalued Stocks Based On Cash Flows

Workday

Market Cap: US$41.5b

Provides enterprise cloud applications in the United States and internationally.

Qt Group Oyj

Market Cap: €665.2m

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Constellation Software

Market Cap: CA$64.0b

Acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets.

FatPipe

Market Cap: US$71.5m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.

Gloo Holdings

Market Cap: US$257.0m

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

Com.Tel

Market Cap: €35.0m

Provides information and communications technology system integration solutions for companies in Italy.

Sinergi Inti Andalan Prima

Market Cap: Rp4.8t

Engages in the provision of internet services in Indonesia.

Allgeier

Market Cap: €188.0m

Provides information technology (IT) solutions and software services in Germany.

Unity Software

Market Cap: US$13.9b

Operates a platform to develop, deploy, and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States, China, Hong Kong, Taiwan, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America.

Crexendo

Market Cap: US$222.7m

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

Rakus

Market Cap: JP¥390.9b

Provides cloud services in Japan.

Atea

Market Cap: NOK 19.3b

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

Netcompany Group

Market Cap: DKK 15.1b

Engages in the provision of IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

Intapp

Market Cap: US$2.4b

Through its subsidiary, Integration Appliance, Inc., provides AI-powered solutions in the United States, the United Kingdom, and internationally.

Alkami Technology

Market Cap: US$1.9b

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

Procore Technologies

Market Cap: US$7.4b

Provides a cloud-based construction management platform and related products and services in the United States and internationally.

Gofore Oyj

Market Cap: €174.1m

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

Execus

Market Cap: €8.8m

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.

FDM Group (Holdings)

Market Cap: UK£147.4m

Provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, and the Asia Pacific.

Klaviyo

Market Cap: US$5.7b

Provides a cloud-based software-as-a-service platform in the United States, rest of the Americas, the Asia-Pacific, the United Kingdom, rest of Europe, the Middle East, and Africa.

Metriks AI. Società Benefit

Market Cap: €37.3m

Develops service as a software(SaaS) platform that helps companies and organizations to make strategic decisions, optimize performance, and transform data into value.

GMO internet group

Market Cap: JP¥421.1b

Provides various internet services in Japan and internationally.

Sinch

Market Cap: SEK 29.0b

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

Q2 Holdings

Market Cap: US$3.7b

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

Cybozu

Market Cap: JP¥128.3b

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

Startia HoldingsInc

Market Cap: JP¥29.2b

Engages in the IT business in Japan and internationally.

Redelfi

Market Cap: €118.3m

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

GB Group

Market Cap: UK£521.2m

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

ReadyTech Holdings

Market Cap: AU$200.8m

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

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.

Dynatrace

Market Cap: US$12.7b

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.

Avensia

Market Cap: SEK 236.1m

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

SiteMinder

Market Cap: AU$924.7m

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

Tenable Holdings

Market Cap: US$3.5b

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

FINEOS Corporation Holdings

Market Cap: AU$681.1m

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.

SHIFT

Market Cap: JP¥242.8b

Provides software quality assurance and testing solutions in Japan.