Swedish Software Undervalued over 20% based on DCF

Sinch

Market Cap: SEK 32.5b

Provides cloud communication services and digital customer engagement channels to the enterprise sector.

Vitec Software Group

Market Cap: SEK 10.2b

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

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.

Stockholm Nordtech Group

Market Cap: SEK 3.6b

A private equity firm specializing in growth capital.

Micro Systemation

Market Cap: SEK 1.7b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Lasernet Group

Market Cap: SEK 850.1m

Provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internationally.

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.

Avensia

Market Cap: SEK 226.5m

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