Global Software Undervalued over 20% based on DCF

XNET

Market Cap: JP¥8.6b

Provides software applications outsourcing services in Japan.

AR advanced technology

Market Cap: JP¥8.4b

Provides DX solutions utilizing cloud technology, data, and AI in Japan.

Oneflow

Market Cap: SEK 489.2m

A software company, develops, sells, and implements digital contract management and automation systems in Sweden, Norway and Finland, United Kingdom, France and the Netherlands, and internationally.

ORBIS

Market Cap: €43.9m

Provides software and business consultancy services in Germany and internationally.

Hyweb Technology

Market Cap: NT$1.6b

Engages in the research and development of electronic government, library and education, and electronic payment related software technologies in China and internationally.

Valtes HoldingsLtd

Market Cap: JP¥8.0b

Provides QA process consulting, software testing and QA training, vulnerability diagnosis, and other quality assurance and software quality services in Japan.

Creactives Group

Market Cap: €42.5m

Provides supply chain solutions in Italy and internationally.

Ifirma

Market Cap: zł156.2m

IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities.

IODM

Market Cap: AU$58.4m

Provides cloud based software as a service in Australia, New Zealand, the United States, and the United Kingdom.

DiGiSPICE Technologies

Market Cap: ₹4.0b

Engages in the provision of tech-enabled local payments network services in India and internationally.

Com.Tel

Market Cap: €35.4m

Provides information and communications technology system integration solutions for companies in Italy.

Metriks AI. Società Benefit

Market Cap: €34.7m

Develops service as a software(SaaS) platform that helps companies and organizations to make strategic decisions, optimize performance, and transform data into value.

Pebble Beach Systems Group

Market Cap: UK£29.1m

Designs, delivers, and supports playout automation and content management solutions for the broadcast and streaming markets.

SYS Holdings

Market Cap: JP¥5.9b

Provides information technology services in Japan and internationally.

CYND

Market Cap: JP¥5.8b

Provides a cloud-based reservation management system primarily for the hairdressing and beauty industry.

Stmn

Market Cap: JP¥5.6b

Operates an engagement platform business in Japan.

Information Technology Total Services

Market Cap: NT$1.1b

Provides applications and services of the information technology outsourcing (ITO), business process outsourcing (BPO), and applications and services of the Internet of Things (IoT) services in China.

SysGroup

Market Cap: UK£25.5m

Provides managed information technology services delivering end-to-end solutions at the intersection of cybersecurity and digital transformation in the United Kingdom and internationally.

Prologue

Market Cap: €29.4m

A technology company, provides software publishing and IT services for large and medium-sized businesses in France, Spain, the United States, and Latin America.

INTERSHOP Communications

Market Cap: €29.2m

Offers ecommerce solutions in Germany, rest of Europe, and internationally.

Data Applications Company

Market Cap: JP¥5.4b

Engages in software development, sales, and consulting related to corporate internal and external data linkage in Japan.

SIG Group

Market Cap: JP¥5.2b

Provides system integration, IT infrastructure, and security solutions in Japan.

eLand Information

Market Cap: NT$1.0b

Operates as an AI data intelligence company that engages in the research and development of software technologies in China.

LaKeel

Market Cap: JP¥5.0b

Provides product, consulting, and professional services in Japan.

Acmos

Market Cap: JP¥5.0b

Provides information technology (IT) solutions and services in Japan.

YMIRLINKInc

Market Cap: JP¥4.9b

Together with its subsidiary, provides messaging solutions in Japan.

Synapsoft

Market Cap: ₩42.3b

A software as a service company, develops, distributes, and sells digital document and document processing software in South Korea and internationally.

CLPS Incorporation

Market Cap: US$30.1m

Through its subsidiaries, provides information technology services and solutions in Mainland China, Singapore, Hong Kong, the United States, Japan, India, and internationally.

Witted Megacorp Oyj

Market Cap: €25.0m

Develops and sells software development solutions in Finland and internationally.

LightOn

Market Cap: €24.9m

Offers generative artificial intelligence solutions.

Linkgenesis

Market Cap: ₩37.1b

Operates as an IT services company in South Korea and internationally.

Klappir Grænar Lausnir hf

Market Cap: ISK 3.2b

Provides software solutions.

COSOL

Market Cap: AU$36.4m

COSOL Limited, together with its subsidiaries, pprovides information technology services, and primary focus on asset management and infrastructure systems in the Asia Pacific, North America, Europe, the Middle East, Africa, and internationally.

Goodpatch

Market Cap: JP¥4.1b

Engages in the provision of UI/UX design consulting services.

Reti

Market Cap: €20.7m

Engages in the provision of system integration services in Italy.

OPRO

Market Cap: JP¥3.8b

Provides data optimization and sales management solutions in Japan.