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

Sage Group

Market Cap: UK£7.9b

Offers technology solutions and services for small and medium businesses in North America, Europe, the United Kingdom, Ireland, Africa and Asia-Pacific.

Kainos Group

Market Cap: UK£890.7m

Engages in the provision of digital technology services in the United Kingdom, Ireland, the Americas, Central Europe, and internationally.

Bytes Technology Group

Market Cap: UK£688.3m

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

Pinewood Technologies Group

Market Cap: UK£242.9m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.

Netcall

Market Cap: UK£174.0m

Engages in the design, development, sale, and support of software products and services in the United Kingdom.

Aptitude Software Group

Market Cap: UK£115.6m

Provides financial management software in the United Kingdom and internationally.

Tracsis

Market Cap: UK£92.3m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

1Spatial

Market Cap: UK£80.5m

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.

Triad Group

Market Cap: UK£50.5m

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

Celebrus Technologies

Market Cap: UK£35.5m

Operates a digital identity and data platform in the United Kingdom, rest of Europe, the United States, and internationally.

Arcontech Group

Market Cap: UK£9.8m

Engages in the development and sale of proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australasia, and the Asia Pacific.