Global Software Undervalued over 20% based on DCF

Aplix

Market Cap: JP¥3.2b

Engages in the technology business in Japan.

Sharing Innovations

Market Cap: JP¥3.1b

Operates in the digital transformation and platform businesses in Japan.

Faber

Market Cap: JP¥3.0b

Provides digital marketing automation tool solution in Japan.

Asset Vision Co

Market Cap: AU$28.3m

Provides enterprise asset management solutions to public sector and enterprise in Australia and internationally.

essensys

Market Cap: UK£13.7m

Engages in the provision of software and technology for critical software-as-a-service platforms to the flexible workspace segment of the real estate industry in North America, the United Kingdom, Europe, and the Asia-Pacific region.

bBreak Systems Company

Market Cap: JP¥2.2b

bBreak Systems Company, Limited builds and integrates business system solutions.

Symmetry Group

Market Cap: PK₨4.1b

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

Connexion Mobility

Market Cap: AU$21.6m

Develops and commercializes fleet management software for the automotive industry in Australia, the United States, Canada, and Mexico.

Solutiance

Market Cap: €11.4m

Provides software-based solutions for real estate operations.

Ingenta

Market Cap: UK£9.4m

Provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom, the United States, the Netherlands, France, and internationally.

Execus

Market Cap: €9.3m

Operates as a digital company in Italy.

Al-Faris National Company for Investment & Export

Market Cap: د.أ7.5m

Al-Faris National Company for Investment & Export P.L.C., doing business as Optimiza, provides ICT system integration and digital transformation solutions in the MENA region.

Sagarsoft (India)

Market Cap: ₹901.0m

Provides software development and related IT consultancy services in India and internationally.

SCAT

Market Cap: JP¥1.4b

Provides various IT solutions for beauty salons.

Distribusi Voucher Nusantara

Market Cap: Rp152.6b

Provides digital products, payment solution services, and online-to-offline (O2O) platforms in Indonesia.

Betrend

Market Cap: JP¥1.4b

Provides SaaS type CRM service in Japan.

Optigis

Market Cap: zł29.9m

Develops geographic information systems in Poland.

International Research Corporation

Market Cap: ฿230.7m

Distributes and renders system development services of information technology, network information, and telecommunication information systems in Thailand.

Bubbles Intergroup

Market Cap: ₪22.7m

Engages in the production, purchasing, importing, marketing, and distribution of children clothing products.

Railway Metrics and Dynamics Sweden

Market Cap: SEK 53.9m

Engages in the development and sale of a platform for the real-time analysis and monitoring of rolling stock and infrastructure in Sweden.

One2Tribe

Market Cap: zł15.2m

Provides performance management platforms for frontline people, sales force, and deskless workers.

Nubeva Technologies

Market Cap: CA$4.9m

Engages in the development and licensing of software-based decryption solutions, including Ransomware Reversal.

Onetech Solutions Holdings Berhad

Market Cap: RM 15.4m

Onetech Solutions Holdings Berhad, an investment holding company, provides enterprise software solutions and related support services in Malaysia.

IB Infotech Enterprises

Market Cap: ₹240.8m

Provides information technology enabled services in India.

INFRA

Market Cap: zł5.1m

Produces software for supporting the management of companies and offices in Poland.