German Software Undervalued over 20% based on DCF

Nemetschek

Market Cap: €6.5b

Provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally.

IONOS Group

Market Cap: €4.0b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

Bechtle

Market Cap: €3.8b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

Kontron

Market Cap: €1.4b

Engages in the provision of Internet of Things software and solutions in Europe and internationally.

ATOSS Software

Market Cap: €1.2b

Offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.

Cancom

Market Cap: €676.8m

Provides information technology services in Germany and internationally.

SNP Schneider-Neureither & Partner

Market Cap: €586.1m

Provides software and consulting services for SAP transformations and data management.

init innovation in traffic systems

Market Cap: €461.8m

Engages in the provision of intelligent transportation systems solutions for public transportation in Germany and internationally.

Spir Group

Market Cap: €99.2m

Provides software solutions in Norway, Sweden, and internationally.

ORBIS

Market Cap: €46.4m

Provides software and business consultancy services in Germany and internationally.

INTERSHOP Communications

Market Cap: €32.0m

Offers ecommerce solutions in Germany, rest of Europe, and internationally.