Global Software Undervalued over 20% based on DCF

JustSystems

Market Cap: JP¥259.1b

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

Kontron

Market Cap: €1.3b

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

SHIFT

Market Cap: JP¥244.1b

Provides software quality assurance and testing solutions in Japan.

freee K.K

Market Cap: JP¥224.5b

Engages in the provision of cloud-based accounting and HR software solutions in Japan.

NSD

Market Cap: JP¥217.2b

Provides various IT solutions in Japan.

Everforth

Market Cap: US$1.3b

Provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe.

Vitec Software Group

Market Cap: SEK 10.1b

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

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.

Systena

Market Cap: JP¥157.3b

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

Lectra

Market Cap: €843.0m

Provides industrial intelligence solutions for fashion, automotive, furniture markets, and other industries in Europe, the Americas, the Asia Pacific, and internationally.

Wavestone

Market Cap: €834.8m

Provides consulting services in France and internationally.

PagerDuty

Market Cap: US$950.2m

Engages in the operation of a digital operations management platform in the United States and internationally.

Cybozu

Market Cap: JP¥140.2b

Engages in the development, sale, and operation of groupware in Japan.

Iress

Market Cap: AU$1.2b

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.

Mitek Systems

Market Cap: US$837.5m

Provides digital identity verification and fraud prevention solutions worldwide.

Asseco Business Solutions

Market Cap: zł2.9b

Designs and develops enterprise software solutions in Poland and internationally.

UCAP Cloud Information TechnologyLtd

Market Cap: CN¥5.2b

Engages in the production and sale of software products in China.

SiteMinder

Market Cap: AU$1.1b

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

Similarweb

Market Cap: US$727.2m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

WingArc1st

Market Cap: JP¥115.4b

Provides software and services in Japan.

Cancom

Market Cap: €616.5m

Provides information technology services in Germany and internationally.

CSE Global

Market Cap: S$911.6m

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.

SNP Schneider-Neureither & Partner

Market Cap: €607.9m

Provides software and consulting services for SAP transformations and data management.

GFT Technologies

Market Cap: €585.4m

Provides digital transformation services.

Uchida Yoko

Market Cap: JP¥108.5b

Engages in providing government and education, office, and information system solutions in Japan and internationally.

COSCO SHIPPING Technology

Market Cap: CN¥4.5b

Engages in digital shipping and supply chain business in China and internationally.

Altron

Market Cap: R10.0b

Engages in technology business in South Africa and rest of Africa.

Bestlink TechnologiesLtd

Market Cap: CN¥4.2b

Provides information and communication technology services in China and internationally.

Sprout Social

Market Cap: US$607.1m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Addnode Group

Market Cap: SEK 5.7b

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.

Weave Communications

Market Cap: US$583.2m

Operates an AI-powered patient communications, engagement, and payments platform for small and medium-sized healthcare businesses.

FINEOS Corporation Holdings

Market Cap: AU$800.5m

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.

Eastone Century TechnologyLtd

Market Cap: CN¥3.8b

Provides communication network technology services and system solutions to telecom operators and equipment manufacturers in China.

Bouvet

Market Cap: NOK 5.0b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Sygnity

Market Cap: zł2.0b

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

Cresco

Market Cap: JP¥81.9b

Engages in the provision of information technology (IT) services and digital solutions in Japan.