U.K. Software Undervalued over 20% based on DCF

Bytes Technology Group

Market Cap: UK£881.0m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

GB Group

Market Cap: UK£556.1m

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

dotdigital Group

Market Cap: UK£215.4m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

Aptitude Software Group

Market Cap: UK£156.5m

Provides financial management software in the United Kingdom and internationally.

FDM Group (Holdings)

Market Cap: UK£137.7m

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

Tracsis

Market Cap: UK£109.3m

Provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industries in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Celebrus Technologies

Market Cap: UK£66.5m

Provides information technology products and services.

1Spatial

Market Cap: UK£54.6m

Engages in the development and distribution of software solutions with associated consultancy and support in the United Kingdom, Ireland, Rest of Europe, the United States, and Australia.

Corero Network Security

Market Cap: UK£49.9m

Provides distributed denial of service (DDoS) protection solutions worldwide.

Triad Group

Market Cap: UK£47.6m

Provides information technology consultancy services to the public, private, and not-for-profit sectors in the United Kingdom.

essensys

Market Cap: UK£13.9m

Engages in the provision of software and technology for critical software-as-a-service platforms to the flexible workspace segment of the real estate industry in North America, the United Kingdom, Europe, and the Asia-Pacific region.

Ingenta

Market Cap: UK£9.0m

Provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom, the United States, the Netherlands, France, and internationally.