Canadian Software Undervalued over 20% based on DCF

CGI

Market Cap: CA$21.9b

Provides information technology and business process services in Western and Southern Europe, the United States, Canada, Scandinavia, Northwest and Central-East Europe, the United Kingdom, Australia, Germany, Finland, Poland, Baltics, and the Asia Pacific.

Topicus.com

Market Cap: CA$8.0b

Provides vertical market software and vertical market platforms in the Netherlands and internationally.

Lumine Group

Market Cap: CA$5.9b

Develops, installs, and customizes software, and related professional and support services worldwide.

Kinaxis

Market Cap: CA$4.0b

Provides cloud-based subscription software-as-a-service for supply chain operations in the United States, Europe, Asia, and Canada.

BlackBerry

Market Cap: CA$2.8b

Provides intelligent security software and services to enterprises and governments worldwide.

Coveo Solutions

Market Cap: CA$404.2m

Provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally.

Computer Modelling Group

Market Cap: CA$352.7m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Thinkific Labs

Market Cap: CA$101.6m

Engages in the development, marketing, and support management of cloud-based platform in Canada, the United States, and internationally.

NamSys

Market Cap: CA$31.7m

Provides software solutions for currency management and processing for the banking and merchant industries in North America.