Global Software Undervalued over 20% based on DCF

Appian

Market Cap: US$1.7b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

JustSystems

Market Cap: JP¥232.2b

Plans, develops, and provides software and related services primarily in Japan.

Kontron

Market Cap: €1.2b

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

One Software Technologies

Market Cap: ₪4.4b

Provides information technology services and solutions worldwide.

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.

Money Forward

Market Cap: JP¥213.5b

Provides financial solutions for individuals, financial institutions, and corporations primarily in Japan.

Wavestone

Market Cap: €1.1b

Provides consulting services in France and internationally.

Via Transportation

Market Cap: US$1.3b

Provides a platform that transforms global transportation systems into digital networks in the United States, Germany, and internationally.

Kainos Group

Market Cap: UK£879.0m

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

Simplex Holdings

Market Cap: JP¥187.2b

Provides IT solutions in Japan.

Vitec Software Group

Market Cap: SEK 9.8b

Develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.

Systena

Market Cap: JP¥150.5b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.

Iress

Market Cap: AU$1.3b

Engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, South Africa, and North America.

Future

Market Cap: JP¥145.0b

Provides IT consulting and services primarily in Japan.

Addnode Group

Market Cap: SEK 8.4b

Offers software and services for the design, construction, product data information, project collaboration, and facility management in Sweden, Nordic countries, the United States, the United Kingdom, Germany, and internationally.

Bytes Technology Group

Market Cap: UK£671.3m

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

N-able

Market Cap: US$885.4m

Provides unified endpoint management, security operations, and data protection solutions worldwide.

CSE Global

Market Cap: S$897.6m

An investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Catapult Sports

Market Cap: AU$962.0m

A sports science and analytics company, development and supply of technologies that improve the performance of athletes and sports teams in Australia, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Pexip Holding

Market Cap: NOK 6.3b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Nagarro

Market Cap: €570.2m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Cognyte Software

Market Cap: US$640.9m

A software-driven technology company, focuses on investigative analytics solutions worldwide.

Mitek Systems

Market Cap: US$638.5m

Provides digital identity verification and fraud prevention solutions worldwide.

ARGO GRAPHICS

Market Cap: JP¥101.6b

Provides technical solutions in Japan.

ChinaEtek Service & Technology

Market Cap: CN¥4.0b

Provides information technology (IT) infrastructure services in China, Hong Kong, Macau, Taiwan, and internationally.

SiteMinder

Market Cap: AU$827.1m

Provides software and online licensing solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.

FINEOS Corporation Holdings

Market Cap: AU$800.0m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

Bouvet

Market Cap: NOK 5.2b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Intelligo Technology

Market Cap: NT$16.5b

Engages in the provision of artificial intelligence solutions.

Surfilter Network Technology

Market Cap: CN¥3.4b

Provides network information security solutions in China and internationally.

Altron

Market Cap: R8.1b

Engages in information communication and technology business in South Africa, rest of Africa, Europe, and internationally.

init innovation in traffic systems

Market Cap: €402.7m

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

Edarat Communication and Information Technology

Market Cap: ر.س1.8b

Edarat Communication and Information Technology Co.

Sygnity

Market Cap: zł1.6b

Manufactures and sells IT products and services in Poland and internationally.

Gentrack Group

Market Cap: NZ$730.9m

Engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries.

Cafe24

Market Cap: ₩629.8b

Operates an e-commerce platform worldwide.