Global Software Undervalued over 20% based on DCF

SAP

Market Cap: €217.1b

Provides enterprise application and business solutions worldwide.

Salesforce

Market Cap: US$171.3b

Provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

Datadog

Market Cap: US$84.6b

Operates an observability and security platform for cloud applications in the United States and internationally.

Synopsys

Market Cap: US$76.2b

Provides design IP solutions in the semiconductor and electronics industries.

Autodesk

Market Cap: US$53.6b

Engages in the provision of 3D design, engineering, and entertainment technology solutions worldwide.

Workday

Market Cap: US$49.4b

Provides enterprise cloud applications in the United States and internationally.

Constellation Software

Market Cap: CA$64.4b

Acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets.

Roper Technologies

Market Cap: US$40.7b

Designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally.

Fujitsu

Market Cap: JP¥6.3t

Provides digital services in Japan, Europe, the United States, the Asia Pacific, East Asia, and internationally.

Zscaler

Market Cap: US$29.4b

Operates as a cloud security company worldwide.

Cognizant Technology Solutions

Market Cap: US$27.9b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

Capgemini

Market Cap: €18.9b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Gen Digital

Market Cap: US$17.3b

Engages in the provision of cyber safety and trust-based solutions for individuals, families, and small businesses.

Beijing Kingsoft Office Software

Market Cap: CN¥111.6b

Provides office software products and services in China and internationally.

Guidewire Software

Market Cap: US$15.8b

Provides a platform for property and casualty (P&C) insurers worldwide.

CGI

Market Cap: CA$21.1b

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.

Tyler Technologies

Market Cap: US$14.4b

Provides integrated software and technology management solutions for the public sector in the United States.

Dynatrace

Market Cap: US$14.2b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Trimble

Market Cap: US$14.0b

Offers technology solutions and platform that enable office professionals and field workers to connect workflows and industry lifecycles in North America, Europe, the Asia Pacific, and internationally.

Gartner

Market Cap: US$12.4b

Provides business and technology insights to support decision-making and performance on an organization’s mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally.

Bentley Systems

Market Cap: US$11.5b

Provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Xero

Market Cap: AU$14.5b

Provides online business solutions for small businesses and their advisors in Australia, New Zealand, the United Kingdom, the United States, and internationally.

ServiceTitan

Market Cap: US$9.1b

Provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

Elastic

Market Cap: US$8.9b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Nemetschek

Market Cap: €7.6b

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

UiPath

Market Cap: US$8.5b

Provides an automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally.

AppFolio

Market Cap: US$7.9b

Provides cloud-based platform for the real estate industry in the United States.

Zeta Global Holdings

Market Cap: US$7.3b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

SentinelOne

Market Cap: US$7.3b

Operates as a cybersecurity provider in the United States and internationally.

GitLab

Market Cap: US$7.0b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Descartes Systems Group

Market Cap: CA$9.2b

Provides global logistics technology solutions in the United States, Europe, the Middle East, Africa, Canada, and the Asia Pacific.

Temenos

Market Cap: CHF 5.1b

Develops, markets, and sells integrated banking software systems to banking and other financial services institutions in North America, Europe, the Middle East and Africa, Latin America, and the Asia-Pacific.

Qualys

Market Cap: US$6.3b

Provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.

Topicus.com

Market Cap: CA$8.5b

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

Dolby Laboratories

Market Cap: US$6.1b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions for television, broadcast, and live entertainment industries in the United States and internationally.

Clear Secure

Market Cap: US$5.9b

Operates a secure identity platform under the CLEAR brand name primarily in the United States.