Finnish Software Undervalued over 20% based on DCF

Qt Group Oyj

Market Cap: €881.1m

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

F-Secure Oyj

Market Cap: €352.9m

Operates as a cybersecurity company in Finland and internationally.

Gofore Oyj

Market Cap: €187.1m

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

Tecnotree Oyj

Market Cap: €161.2m

Provides telecommunication IT solutions for charging, billing, customer care, and messaging and content services in Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

Digia Oyj

Market Cap: €149.0m

Operates as a software and service company in Finland, Sweden, and internationally.

SSH Communications Security Oyj

Market Cap: €99.9m

Operates as a cybersecurity company for humans, systems, and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Lemonsoft Oyj

Market Cap: €77.6m

A software company, designs, develops, and delivers enterprise resource planning software solutions in Finland and internationally.

Loihde Oyj

Market Cap: €71.5m

Through its subsidiaries, provides digital development and security solutions in Finland and internationally.

Witted Megacorp Oyj

Market Cap: €25.0m

Develops and sells software development solutions in Finland and internationally.

Netum Group Oyj

Market Cap: €12.5m

Operates as an IT services company in Finland.