Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall
Jan 20
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Swedish (OMX) Software Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies67
- 7D4.3%
- 3M7.6%
- 1Y26.8%
- YTD6.8%
The Software industry is up 4.4% in the last week, with Fortnox up 6.8%. Meanwhile, Cint Group actually underperformed within the industry, shrinking 21% in the last week. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 37% per annum.
Industry Valuation and Performance
Has the Swedish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | SEK 161.0b | SEK 49.6b | -SEK 9,680,959,986.53 | 41.7x | -16.6x | 3.2x |
| Mon, 30 Dec 2024 | SEK 148.4b | SEK 49.6b | -SEK 9,704,120,582.09 | 40.3x | -15.3x | 3x |
| Wed, 27 Nov 2024 | SEK 143.8b | SEK 48.5b | -SEK 9,747,577,271.62 | 41.4x | -14.7x | 3x |
| Fri, 25 Oct 2024 | SEK 149.9b | SEK 47.7b | -SEK 3,905,284,502.47 | 37.8x | -38.4x | 3.1x |
| Sun, 22 Sep 2024 | SEK 146.5b | SEK 47.7b | -SEK 4,180,036,531.72 | 38.9x | -35.1x | 3.1x |
| Tue, 20 Aug 2024 | SEK 144.4b | SEK 47.6b | -SEK 4,238,697,974.59 | 53.4x | -34.1x | 3x |
| Thu, 18 Jul 2024 | SEK 143.9b | SEK 47.8b | -SEK 4,468,193,162.70 | 56.9x | -32.2x | 3x |
| Sat, 15 Jun 2024 | SEK 138.3b | SEK 47.6b | -SEK 4,425,700,800.05 | 56.8x | -31.3x | 2.9x |
| Mon, 13 May 2024 | SEK 145.0b | SEK 50.3b | -SEK 4,610,968,882.26 | 53.2x | -31.5x | 2.9x |
| Wed, 10 Apr 2024 | SEK 145.6b | SEK 51.2b | -SEK 4,748,693,486.49 | 50x | -30.7x | 2.8x |
| Fri, 08 Mar 2024 | SEK 160.4b | SEK 52.1b | -SEK 4,944,039,377.39 | 57.5x | -32.4x | 3.1x |
| Sun, 04 Feb 2024 | SEK 147.0b | SEK 50.6b | -SEK 4,751,090,498.00 | 58x | -30.9x | 2.9x |
| Tue, 02 Jan 2024 | SEK 154.4b | SEK 50.3b | -SEK 4,687,325,291.00 | 67.2x | -32.9x | 3.1x |
| Thu, 30 Nov 2023 | SEK 133.4b | SEK 51.1b | -SEK 4,802,576,103.00 | 57.3x | -27.8x | 2.6x |
| Sat, 28 Oct 2023 | SEK 105.0b | SEK 51.1b | -SEK 9,726,912,726.00 | 44x | -10.8x | 2.1x |
| Mon, 25 Sep 2023 | SEK 120.4b | SEK 51.0b | -SEK 9,577,202,634.00 | 46.6x | -12.6x | 2.4x |
| Wed, 23 Aug 2023 | SEK 124.2b | SEK 50.9b | -SEK 9,640,800,122.00 | 46x | -12.9x | 2.4x |
| Fri, 21 Jul 2023 | SEK 132.3b | SEK 50.3b | -SEK 9,450,105,788.00 | 41.5x | -14x | 2.6x |
| Sun, 18 Jun 2023 | SEK 131.1b | SEK 50.4b | -SEK 9,597,095,300.00 | 39.1x | -13.7x | 2.6x |
| Tue, 16 May 2023 | SEK 137.3b | SEK 50.2b | -SEK 9,410,826,301.00 | 38.4x | -14.6x | 2.7x |
| Thu, 13 Apr 2023 | SEK 131.3b | SEK 49.8b | -SEK 9,250,140,659.00 | 40.9x | -14.2x | 2.6x |
| Sat, 11 Mar 2023 | SEK 136.4b | SEK 49.4b | -SEK 9,235,109,070.00 | 42.1x | -14.8x | 2.8x |
| Mon, 06 Feb 2023 | SEK 150.9b | SEK 46.6b | -SEK 4,820,041,452.00 | 40.8x | -31.3x | 3.2x |
| Wed, 04 Jan 2023 | SEK 138.8b | SEK 46.2b | -SEK 4,758,146,853.00 | 33.2x | -29.2x | 3x |
| Fri, 02 Dec 2022 | SEK 134.1b | SEK 45.6b | -SEK 4,801,242,203.00 | 33.2x | -27.9x | 2.9x |
| Sun, 30 Oct 2022 | SEK 126.1b | SEK 42.3b | SEK 48.9m | 38x | 2581.5x | 3x |
| Tue, 27 Sep 2022 | SEK 109.2b | SEK 41.7b | SEK 36.4m | 32.2x | 2997.1x | 2.6x |
| Thu, 25 Aug 2022 | SEK 132.3b | SEK 41.4b | SEK 79.1m | 40.4x | 1671.8x | 3.2x |
| Sat, 23 Jul 2022 | SEK 138.6b | SEK 36.7b | SEK 110.4m | 39.8x | 1255.4x | 3.8x |
| Mon, 20 Jun 2022 | SEK 148.4b | SEK 37.2b | SEK 226.5m | 36.5x | 655.5x | 4x |
| Wed, 18 May 2022 | SEK 160.1b | SEK 36.1b | SEK 140.1m | 42.4x | 1143x | 4.4x |
| Fri, 15 Apr 2022 | SEK 188.4b | SEK 32.0b | -SEK 128,892,637.00 | 52.7x | -1461.5x | 5.9x |
| Sun, 13 Mar 2022 | SEK 175.2b | SEK 32.0b | SEK 128.5m | 54.1x | 1363x | 5.5x |
| Tue, 08 Feb 2022 | SEK 213.2b | SEK 26.8b | SEK 660.1m | 73x | 322.9x | 8x |
Price to Earnings Ratio
322.9x
Current Industry PE
- Investors are relatively neutral on the Swedish Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 23% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 1.14% | |
| Tech | 4.16% | |
| Software | 4.27% | |
| Systems Software | 5.24% | |
| Application Software | 4.09% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 30.8%, which is lower than the prior year's growth of 109.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 38% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Systems Software industry is expected to see its earnings grow by 31% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FNOX Fortnox | SEK 77.10 | 6.8% +SEK 3.0b | 32.4% | PE68.2x | |
| SINCH Sinch | SEK 23.61 | 8.4% +SEK 1.5b | -15.7% | PS0.7x | |
| YUBICO Yubico | SEK 259.00 | 5.5% +SEK 1.2b | 76.2% | PE64.5x | |
| VIT B Vitec Software Group | SEK 585.00 | 4.2% +SEK 936.5m | 11.6% | PE59.3x | |
| LIME Lime Technologies | SEK 350.00 | 5.7% +SEK 252.4m | 2.9% | PE52.1x |
