Softcat plc

LSE:SCT Stock Report

Market Cap: UK£2.8b

Softcat Management

Management criteria checks 4/4

Softcat's CEO is Graham Charlton, appointed in Aug 2023, has a tenure of 2.75 years. total yearly compensation is £1.75M, comprised of 33.5% salary and 66.5% bonuses, including company stock and options. directly owns 0.084% of the company’s shares, worth £2.33M. The average tenure of the management team and the board of directors is 3.8 years and 4 years respectively.

Key information

Graham Charlton

Chief executive officer

UK£1.7m

Total compensation

CEO salary percentage33.49%
CEO tenure2.8yrs
CEO ownership0.08%
Management average tenure3.8yrs
Board average tenure4yrs

Recent management updates

Recent updates

Narrative Update May 02

SCT: Rich Dividend Payout Will Continue To Mask Weak Earnings Power

Analysts have raised their Softcat price target by £0.10 to reflect slightly higher assumed revenue growth and a marginally higher forward P/E. This is partly offset by a small reduction in expected profit margins and a modest increase in the discount rate.
Narrative Update Apr 18

SCT: Softer Revenue Outlook Will Limit Appeal Of Dividend Returns

Analysts have reduced their Softcat price target from £14.50 to £12.10. This reflects updated views on softer revenue growth assumptions, a slightly higher discount rate, and a lower future P/E multiple, partly offset by a modestly improved profit margin outlook.
Narrative Update Apr 04

SCT: Dividend Increases And Share Buybacks Will Drive Strong Future Returns

Analysts have trimmed their Softcat price target from £17.18 to £16.58, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Softcat has recommended an interim ordinary dividend of 9.9 pence per share for H1 FY2026, amounting to £19.5 million, under its policy of paying one third of the previous year's total ordinary dividend as the interim payout (Key Developments).
Analysis Article Mar 26

We Think Softcat's (LON:SCT) Solid Earnings Are Understated

Softcat plc ( LON:SCT ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...
Narrative Update Mar 21

SCT: Buybacks And Rising Dividends Will Support Strong Future Returns

Analysts have slightly adjusted their view on Softcat, trimming the indicative fair value from £17.43 to £17.18 as they update assumptions around revenue growth, profit margins, discount rate and future P/E expectations. What's in the News Softcat recommended an interim ordinary dividend of 9.9 pence per share for H1 FY2026, aligned with its policy of paying one third of the previous year's total ordinary dividend as the interim dividend (Key Developments).
Narrative Update Mar 07

SCT: Buybacks And Rising Dividends Will Drive Strong Future Returns

Analysts have trimmed their fair value estimate for Softcat from £18.27 to £17.43, citing slightly higher discount rate assumptions, marginally adjusted profit margin expectations, and a modestly different future P/E outlook. What's in the News Softcat plc began a share repurchase program on January 8, 2026, following approval at the December 15, 2025 AGM, with authority to buy back up to 19,994,626 shares, to be either cancelled or held as treasury shares (Key Developments).
Narrative Update Feb 20

SCT: Buybacks And Dividends Will Drive Attractive Future Return Profile

Analysts have kept their Softcat price target broadly unchanged at £14.50, citing relatively stable assumptions for the discount rate, revenue growth, profit margin and future P/E, which together point to a similar assessment of long term value. What's in the News Softcat began a share repurchase program on January 8, 2026, following approval at the December 15, 2025 AGM.
Narrative Update Feb 06

SCT: Buybacks And Dividends Will Support Attractive Future Return Profile

Analysts have lifted their price target for Softcat to £14.50, reflecting slightly higher assumed revenue growth, a small improvement in profit margin, and a marginally lower discount rate, alongside a similar future P/E expectation. What's in the News Softcat began a share repurchase program on 8 January 2026, authorized to buy back up to 19,994,626 shares, with repurchased shares either cancelled or held in treasury (AGM resolution, 15 December 2025).
Narrative Update Jan 23

SCT: Buybacks And Dividends Will Shape Future Fairly Valued Share Appeal

Analysts have nudged their price target on Softcat slightly higher to reflect modest adjustments to the discount rate, revenue growth assumptions, profit margin and future P/E expectations, indicating a marginally more constructive view on the company’s valuation drivers. What's in the News Softcat began a share repurchase program on January 8, 2026, following shareholder approval at the December 15, 2025 AGM.
Narrative Update Jan 09

SCT: Dividend Returns And Steady Outlook Will Shape Future Share Appeal

Analysts have raised their Softcat price target from £14.00 to £14.50, reflecting updated assumptions on discount rates, revenue growth, profit margins and future price-to-earnings (P/E) expectations. What's in the News Approval of a final dividend of 20.4 pence per ordinary share at the 15 December 2025 AGM.
Narrative Update Dec 20

SCT: Rising Dividends Will Drive Attractive Future Shareholder Returns

Narrative Update on Analyst Price Target Analysts have modestly increased their price target for Softcat, citing a slightly higher expected future price-to-earnings multiple and broadly unchanged growth and profitability assumptions that together support an updated valuation of approximately £18.27 per share. What's in the News Softcat confirmed earnings guidance for fiscal 2026, reiterating that underlying operating profit growth is expected to be weighted toward the first half due to the timing of large projects in FY2025 and FY2026 (company guidance).
Analysis Article Dec 12

Should You Be Adding Softcat (LON:SCT) To Your Watchlist Today?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update Dec 05

SCT: Dividend Payouts And Acquisitions Will Drive Attractive Future Returns

Analysts have nudged their Softcat price target slightly lower, trimming it by approximately £0.01 per share, as they balance expectations of stronger revenue growth against modestly lower profit margin forecasts and a marginally higher discount rate. What's in the News Softcat reaffirmed earnings guidance for fiscal 2026, maintaining the outlook given in its August trading update while flagging that underlying operating profit growth in FY2025 will be weighted toward the first half due to project phasing (company guidance).
Narrative Update Oct 29

Dividend Increases And Acquisitions Will Drive Shareholder Returns This Year

Analyst Price Target for Softcat Marginally Raised Analysts have slightly increased their price target for Softcat from £18.14 to £18.27. This reflects a nuanced adjustment based on updated forecasts for revenue growth and profitability.
Analysis Article Jul 20

Should You Be Adding Softcat (LON:SCT) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Jun 23

There's Reason For Concern Over Softcat plc's (LON:SCT) Price

Softcat plc's ( LON:SCT ) price-to-earnings (or "P/E") ratio of 30x might make it look like a strong sell right now...
Analysis Article Apr 10

Softcat (LON:SCT) Will Pay A Dividend Of £0.089

The board of Softcat plc ( LON:SCT ) has announced that it will pay a dividend of £0.089 per share on the 21st of May...
Analysis Article Mar 22

Softcat (LON:SCT) Is Due To Pay A Dividend Of £0.089

Softcat plc's ( LON:SCT ) investors are due to receive a payment of £0.089 per share on 21st of May. Based on this...
Analysis Article Mar 08

Getting In Cheap On Softcat plc (LON:SCT) Is Unlikely

Softcat plc's ( LON:SCT ) price-to-earnings (or "P/E") ratio of 25.9x might make it look like a strong sell right now...
Analysis Article Jan 26

Calculating The Intrinsic Value Of Softcat plc (LON:SCT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Softcat fair value estimate is UK£12.93 With UK£15.29 share...
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New Narrative Dec 18

Embracing Microsoft Copilot And Global Expansion Will Boost Profitability And Revenue Growth

Strategic focus on consultancy and managed services can increase higher-margin service revenue, enhance net margins, and support long-term earnings growth.
Analysis Article Dec 13

Softcat (LON:SCT) Ticks All The Boxes When It Comes To Earnings Growth

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Nov 25

Softcat plc's (LON:SCT) Price Is Out Of Tune With Earnings

Softcat plc's ( LON:SCT ) price-to-earnings (or "P/E") ratio of 26.8x might make it look like a strong sell right now...
Analysis Article Nov 05

Softcat (LON:SCT) Is Increasing Its Dividend To £0.39

The board of Softcat plc ( LON:SCT ) has announced that it will be paying its dividend of £0.39 on the 17th of...
Analysis Article Oct 27

The Softcat plc (LON:SCT) Full-Year Results Are Out And Analysts Have Published New Forecasts

Shareholders of Softcat plc ( LON:SCT ) will be pleased this week, given that the stock price is up 11% to UK£17.16...
Analysis Article Oct 21

A Look At The Intrinsic Value Of Softcat plc (LON:SCT)

Key Insights The projected fair value for Softcat is UK£16.35 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Sep 06

Here's Why We Think Softcat (LON:SCT) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Jul 13

A Look At The Intrinsic Value Of Softcat plc (LON:SCT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Softcat fair value estimate is UK£13.91 Softcat's UK£16.30...
Analysis Article Jun 04

Risks To Shareholder Returns Are Elevated At These Prices For Softcat plc (LON:SCT)

With a price-to-earnings (or "P/E") ratio of 29.5x Softcat plc ( LON:SCT ) may be sending very bearish signals at the...
Analysis Article May 14

With EPS Growth And More, Softcat (LON:SCT) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Mar 29

Softcat's (LON:SCT) Dividend Will Be £0.085

Softcat plc's ( LON:SCT ) investors are due to receive a payment of £0.085 per share on 22nd of May. The payment will...
Analysis Article Feb 02

Earnings Not Telling The Story For Softcat plc (LON:SCT)

Softcat plc's ( LON:SCT ) price-to-earnings (or "P/E") ratio of 26x might make it look like a strong sell right now...
Analysis Article Oct 27

Softcat (LON:SCT) Is Increasing Its Dividend To £0.296

Softcat plc's ( LON:SCT ) dividend will be increasing from last year's payment of the same period to £0.296 on 19th of...
Analysis Article Oct 05

If EPS Growth Is Important To You, Softcat (LON:SCT) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Sep 03

Is It Time To Consider Buying Softcat plc (LON:SCT)?

Softcat plc ( LON:SCT ), is not the largest company out there, but it saw a decent share price growth in the teens...
Analysis Article Jul 25

Calculating The Fair Value Of Softcat plc (LON:SCT)

Key Insights The projected fair value for Softcat is UK£13.28 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Jul 07

If EPS Growth Is Important To You, Softcat (LON:SCT) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article May 28

Should You Think About Buying Softcat plc (LON:SCT) Now?

While Softcat plc ( LON:SCT ) might not be the most widely known stock at the moment, it led the LSE gainers with a...
Analysis Article Mar 31

Softcat (LON:SCT) Will Pay A Larger Dividend Than Last Year At £0.08

The board of Softcat plc ( LON:SCT ) has announced that it will be increasing its dividend by 9.6% on the 24th of May...
Analysis Article Mar 14

Is Softcat plc (LON:SCT) Worth UK£10.7 Based On Its Intrinsic Value?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Softcat fair value estimate is UK£7.99 Current share price of...
Analysis Article Feb 23

Does Softcat (LON:SCT) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

CEO Compensation Analysis

How has Graham Charlton's remuneration changed compared to Softcat's earnings?
DateTotal CompensationSalaryCompany Earnings
Jan 31 2026n/an/a

UK£141m

Oct 31 2025n/an/a

UK£137m

Jul 31 2025UK£2mUK£585k

UK£133m

Apr 30 2025n/an/a

UK£129m

Jan 31 2025n/an/a

UK£125m

Oct 31 2024n/an/a

UK£122m

Jul 31 2024UK£2mUK£568k

UK£119m

Apr 30 2024n/an/a

UK£116m

Jan 31 2024n/an/a

UK£113m

Oct 31 2023n/an/a

UK£113m

Jul 31 2023UK£1mUK£368k

UK£112m

Apr 30 2023n/an/a

UK£110m

Jan 31 2023n/an/a

UK£108m

Oct 31 2022n/an/a

UK£109m

Jul 31 2022UK£2mUK£350k

UK£110m

Apr 30 2022n/an/a

UK£106m

Jan 31 2022n/an/a

UK£102m

Oct 31 2021n/an/a

UK£99m

Jul 31 2021UK£2mUK£318k

UK£96m

Apr 30 2021n/an/a

UK£93m

Jan 31 2021n/an/a

UK£89m

Oct 31 2020n/an/a

UK£82m

Jul 31 2020UK£2mUK£309k

UK£76m

Apr 30 2020n/an/a

UK£75m

Jan 31 2020n/an/a

UK£74m

Oct 31 2019n/an/a

UK£71m

Jul 31 2019UK£2mUK£300k

UK£68m

Compensation vs Market: Graham's total compensation ($USD2.37M) is about average for companies of similar size in the UK market ($USD3.18M).

Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.


CEO

Graham Charlton (48 yo)

2.8yrs
Tenure
UK£1,746,627
Compensation

Mr. Graham L. Charlton had been the Chief Financial Officer and serves as Executive Director of Softcat Plc since 2015 and March 19, 2015 respectively and serves as its Chief Executive Officer since August...


Leadership Team

NamePositionTenureCompensationOwnership
Graham Charlton
CEO & Executive Director2.8yrsUK£1.75m0.084%
£ 2.3m
Kathryn Mecklenburgh
CFO & Executive Director2.9yrsUK£920.74k0.027%
£ 744.9k
Anna Pulisciano
Operations Director3.3yrsno datano data
Mark Forster
Chief Technology Officer2.6yrsno datano data
Keith Monk
Chief Information Officer2.3yrsno datano data
Debra Coady
Legal Director & General Counsel8.3yrsno datano data
Rebecca Monk
Chief People Officer8.8yrsno datano data
Richard Griffith
Chief Commercial Officer6.3yrsno datano data
Anthony Cowen
Chief Revenue Officer4.3yrsno datano data
Luke Thomas
Company Secretary7.3yrsno datano data
3.8yrs
Average Tenure

Experienced Management: SCT's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Graham Charlton
CEO & Executive Director11.2yrsUK£1.75m0.084%
£ 2.3m
Kathryn Mecklenburgh
CFO & Executive Director2.9yrsUK£920.74k0.027%
£ 744.9k
Graeme Watt
Non-Executive Chairman8.1yrsUK£482.40k0.090%
£ 2.5m
Robyn Perriss
Independent Non-Executive Director6.8yrsUK£88.31k0.0076%
£ 212.2k
Lynne Weedall
Independent Non-Executive Director4yrsUK£93.65k0.00066%
£ 18.3k
Jacqueline Patricia Ferguson
Senior Independent Non-Executive Director2.3yrsUK£77.15k0.0015%
£ 43.1k
Mayank Prakash
Independent Non-Executive Director2.7yrsUK£63.65kno data
4.0yrs
Average Tenure
52yo
Average Age

Experienced Board: SCT's board of directors are considered experienced (4 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 14:27
End of Day Share Price 2026/05/06 00:00
Earnings2026/01/31
Annual Earnings2025/07/31

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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Softcat plc is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James ZarembaBarclays
Alexander James ShortBerenberg
Benjamin MayBerenberg