Vitec Software Group AB (publ)

BATS-CHIXE:VITBS Stock Report

Market Cap: SEK 22.2b

Vitec Software Group Valuation

Is VITBS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VITBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 450.74
Fair Value
14.3% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: VITBS (SEK515) is trading above our estimate of fair value (SEK450.74)

Significantly Below Fair Value: VITBS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VITBS?

Key metric: As VITBS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VITBS. This is calculated by dividing VITBS's market cap by their current earnings.
What is VITBS's PE Ratio?
PE Ratio56.3x
EarningsSEK 393.38m
Market CapSEK 22.16b

Price to Earnings Ratio vs Peers

How does VITBS's PE Ratio compare to its peers?

The above table shows the PE ratio for VITBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.4x
BYIT Bytes Technology Group
20x7.2%UK£1.0b
GBG GB Group
108.1x38.9%UK£880.4m
ALFA Alfa Financial Software Holdings
26.8x8.4%UK£591.7m
CER Cerillion
30.9x8.5%UK£471.3m
VITBS Vitec Software Group
56.3x17.5%SEK 22.2b

Price-To-Earnings vs Peers: VITBS is expensive based on its Price-To-Earnings Ratio (56.3x) compared to the peer average (45.6x).

Price to Earnings Ratio vs Industry

How does VITBS's PE Ratio compare vs other companies in the GB Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SORT Sorted Group Holdings
2.6xn/aUS$4.62m
No more companies available in this PE range
No. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VITBS is expensive based on its Price-To-Earnings Ratio (56.3x) compared to the UK Software industry average (28.3x).

Price to Earnings Ratio vs Fair Ratio

What is VITBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VITBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VITBS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VITBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 587.00
0%
15.2%SEK 680.00SEK 400.00n/a6
Jan ’26n/a
SEK 592.00
0%
15.1%SEK 660.00SEK 400.00n/a6
Dec ’25n/a
SEK 587.40
0%
16.6%SEK 660.00SEK 400.00n/a5
Nov ’25n/a
SEK 593.00
0%
14.7%SEK 660.00SEK 428.00n/a5
Oct ’25n/a
SEK 606.40
0%
15.6%SEK 700.00SEK 428.00n/a5
Sep ’25n/a
SEK 595.00
0%
17.2%SEK 700.00SEK 428.00n/a4
Aug ’25n/a
SEK 576.67
0%
19.5%SEK 700.00SEK 428.00n/a3
Jul ’25SEK 546.50
SEK 568.67
+4.1%
19.4%SEK 700.00SEK 430.00n/a3
Apr ’25n/a
SEK 548.00
0%
4.2%SEK 571.00SEK 525.00n/a2
Jul ’24SEK 528.50
SEK 533.50
+0.9%
0.3%SEK 535.00SEK 532.00SEK 546.502
Jun ’24n/a
SEK 533.50
0%
0.3%SEK 535.00SEK 532.00n/a2
Apr ’24SEK 515.50
SEK 526.50
+2.1%
1.2%SEK 533.00SEK 520.00n/a2
Mar ’24SEK 469.20
SEK 526.50
+12.2%
1.2%SEK 533.00SEK 520.00n/a2
Feb ’24SEK 433.00
SEK 475.00
+9.7%
3.8%SEK 493.00SEK 457.00SEK 568.502
Jan ’24SEK 405.60
SEK 479.50
+18.2%
2.8%SEK 493.00SEK 466.00n/a2
Analyst Price Target
Consensus Narrative from 6 Analysts
SEK 543.71
Fair Value
5.3% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 21:09
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vitec Software Group AB (publ) is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Daniel ThorssonABG Sundal Collier Sponsored
null nullDanske Bank