First of all, a disclaimer: this is my first post, or even a longer message, to the forum, so the quality will certainly reflect that 
I am also a newbie investor, so corrections and suggestions for improvement are more than welcome.
Enea is a Swedish software company founded in 1968, which today focuses especially on cybersecurity in telecommunications networks and telecommunications network services. Enea offers various security-related technologies, such as DPI (Deep Packet Inspection) technology, i.e., deep packet inspection. Enea’s most interesting business area, from which the greatest growth is expected, is real-time operating systems: data management systems that operate in real-time and check data as it moves. Enea’s services are currently focused especially on 5G network data management, and at least Nokia and Ericsson, among the largest 5G network providers, use Enea’s services.
Enea’s business model has recently shifted towards SaaS, which has led to a more stable cash flow. Enea’s business model is highly scalable. Enea has developed tremendously in recent years and focused on new areas through acquisitions. In recent years, Enea has acquired the following companies: Qosmos (DPI technology), Atos (only part of the company [security practices and user management online]), Aptilo (Wireless network management and IoT solutions), and Openwave (Cloud video processing). These acquisitions are expected to bring good growth and, according to the Redeye report, have been very successful.
Enea is valued as a scalable software company that is riding the wave of future megatrends very moderately. The key figures look very good, and when factoring in the predicted growth, by 2024, with current forecasts, EV/EBIT would be a modest 9.2.
With 2020 figures and a share price on 03.02.2021, the key figures looked as follows (Source Redeye):
EV/Sales 4.7
EV/EBIT 22.9
P/E 28.6
Redeye has estimated Enea’s CAGR to be 18% by 2024. The estimate may even be somewhat conservative, as the industry is growing at a tremendous pace and Enea’s products have good competitive advantages. Enea is in a market that will grow explosively in the future (5G, IoT, Data Management, Cybersecurity). On the negative side, I perhaps see the company’s fragmentation, especially through acquisitions, the company’s focus has diversified into many areas. The company has not focused on any specific niche category but tries to be in many places at the same time. The company’s fragmented focus may well be one reason for the cheap price compared to its peers.
Sources and more information about the company: