Global Software Undervalued over 20% based on DCF

iRidge

Market Cap: JP¥3.8b

Engages in the application, business production, and fintech businesses in Japan.

Avensia

Market Cap: SEK 222.7m

Provides e-commerce, omnichannel, customer experience, and information management solutions in Sweden, Norway, the United States, the United Kingdom, Switzerland, France, and internationally.

NamSys

Market Cap: CA$32.0m

Provides software solutions for currency management and processing for the banking and merchant industries in North America.

Intimate Merger

Market Cap: JP¥3.7b

Engages in the data management platforms business in Japan.

Tera Technology

Market Cap: JP¥3.5b

Operates as an information technology consulting company that offers information system design, operation, and maintenance services in Japan.

IDB Technologies Berhad

Market Cap: RM 90.0m

An investment holding company, engages in the sales of software in Malaysia, Singapore, Cambodia, Indonesia, Vietnam, and Philippines.

SenSen Networks

Market Cap: AU$29.9m

Develops and sells SenDISA platform-based products and services in North America, Australia, New Zealand, and Asia.

MIND C.T.I

Market Cap: US$20.4m

Develops, manufactures, markets, sells, and implements billing and customer care software solutions in the Americas, Europe, Israel, the Asia Pacific, and Africa.

KineMaster

Market Cap: ₩27.1b

Engages in the development of multimedia software for mobile devices in South Korea.

Naapbooks

Market Cap: ₹1.5b

Develops and provides information technology solutions to corporates in India.

MakoLab Spólka Akcyjna

Market Cap: zł57.6m

Operates as a digital solutions company in Poland.

PORTERS

Market Cap: JP¥2.3b

Develops and provides cloud solutions for the human resources business in Japan.

REBIBLELtd

Market Cap: JP¥2.1b

Develops and offers a mobile application software that connects people with athletes.

Netum Group Oyj

Market Cap: €12.5m

Operates as an IT services company in Finland.

Delivery Consulting

Market Cap: JP¥2.2b

Provides technology solutions consulting services in Japan and internationally.

AXIS IT Partners

Market Cap: JP¥2.2b

Provides systems development to outsourcing support services for business transformation in companies and government agencies.

Symmetry Group

Market Cap: PK₨3.7b

Provides digital strategy, consulting, transformation, digital commerce, data science, mobility, retail/research and interactive marketing, and assistance services in Pakistan.

Kaizen Platform

Market Cap: JP¥2.1b

Provides user experience (UX) solutions to improve conversion rates (CVR) for client websites.

GlobalSpace Technologies

Market Cap: ₹1.2b

An information technology and communication company, engages in the provision of customized software solutions and other support services to enterprises in India.

gAIn360

Market Cap: €9.6m

Operates as a financial technology company that offers proprietary, artificial intelligence-based solutions.

Execus

Market Cap: €8.0m

Develops and sells technological and digital solutions for business development, focusing on artificial intelligence-powered marketing, sales, and cybersecurity services in Italy, the European Union, and internationally.

Solution Dynamics

Market Cap: NZ$8.1m

Provides customer communication solutions in New Zealand, Australia, the United States, and Europe.

S A Tech Software India

Market Cap: ₹419.1m

Operates as an IT consulting company in India.

Otco International

Market Cap: ₹162.1m

Provides IT solutions and services in India.

Clio Infotech

Market Cap: ₹153.2m

An information technology (IT) company, provides software solutions and IT services for the insurance, capital market, and asset and wealth management industries in India.

Niks Technology

Market Cap: ₹152.3m

An IT solution services, provides software development and education services.

Southern Infoconsultants

Market Cap: ₹106.6m

A software company, engages in the provision of information technology (IT) and IT-related services covering hardware supplies in India.