Accesso group's latest solution Freedom underlines its growing global diversity, said broker ShoreCap and highlights the growing financial momentum.
The group saw record revenue last year through recovered demand, multiple projects with existing clients, and new wins.
Even so, accesso is currently trading on a discount to both UK and US SaaS peers with a net cash balance of US$64.7mln, no debt and access to a further £18m through an undrawn facility.
“We believe valuation fails to capture the growing global diversity of the group, and that the positive financial momentum leaves our forecasts appearing well underpinned.”
Buy is the broker’s rating, Shares were up 0.4% at 713p.