Stock Analysis Report

Executive Summary

Softronic AB provides IT and management services in primarily in Sweden.

Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Softronic's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: SOF B has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return






SE Market

1 Year Return






SE Market

Return vs Industry: SOF B exceeded the Swedish IT industry which returned 2.5% over the past year.

Return vs Market: SOF B exceeded the Swedish Market which returned 15.2% over the past year.

Shareholder returns

SOF BIndustryMarket
7 Day-8.5%-6.4%-5.3%
30 Day-7.4%-8.0%-2.2%
90 Day0.5%-0.2%3.7%
1 Year23.9%17.1%4.3%2.5%19.8%15.2%
3 Year133.2%100.0%23.5%17.4%31.7%11.8%
5 Year246.2%161.2%117.8%94.8%41.3%11.1%

Price Volatility Vs. Market

How volatile is Softronic's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Softronic undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SOF B (SEK17.5) is trading below our estimate of fair value (SEK36.69)

Significantly Below Fair Value: SOF B is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: SOF B is good value based on its PE Ratio (16.5x) compared to the IT industry average (18.3x).

PE vs Market: SOF B is good value based on its PE Ratio (16.5x) compared to the Swedish market (19.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SOF B's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SOF B is overvalued based on its PB Ratio (3.4x) compared to the SE IT industry average (3.3x).

Next Steps

Future Growth

How is Softronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Softronic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Softronic performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SOF B has high quality earnings.

Growing Profit Margin: SOF B's current net profit margins (7.8%) are higher than last year (7.1%).

Past Earnings Growth Analysis

Earnings Trend: SOF B's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: SOF B's earnings growth over the past year (6.6%) is below its 5-year average (20.2% per year).

Earnings vs Industry: SOF B earnings growth over the past year (6.6%) exceeded the IT industry 2.8%.

Return on Equity

High ROE: SOF B's Return on Equity (20.4%) is considered high.

Next Steps

Financial Health

How is Softronic's financial position?

Financial Position Analysis

Short Term Liabilities: SOF B's short term assets (SEK295.7M) exceed its short term liabilities (SEK154.5M).

Long Term Liabilities: SOF B's short term assets (SEK295.7M) exceed its long term liabilities (SEK25.4M).

Debt to Equity History and Analysis

Debt Level: SOF B is debt free.

Reducing Debt: SOF B has not had any debt for past 5 years.

Debt Coverage: SOF B has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SOF B has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Inventory Level: SOF B has a low level of unsold assets or inventory.

Debt Coverage by Assets: SOF B's debt is not covered by short term assets (assets are -15.6x debt).

Next Steps


What is Softronic's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

TodayFeb 26 2020Ex Dividend DateMay 14 2020Dividend Pay DateMay 20 20206 days from Ex DividendBuy in the next 77 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: SOF B's dividend (5.71%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: SOF B's dividend (5.71%) is in the top 25% of dividend payers in the Swedish market (4.36%)

Stability and Growth of Payments

Stable Dividend: SOF B's dividends per share have been stable in the past 10 years.

Growing Dividend: SOF B's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.3%), SOF B's dividend payments are not well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Per Adolfsson (59yo)



Mr. Per Adolfsson has been Chief Executive Officer at Softronic AB since April 2019. 

Leadership Team

Per Adolfsson
Chief Executive Officer0.8yrsno datano data
Anders Bergman
Chief Financial Officer16.1yrsno datano data
Mathias Kjellberg
Chief Operating Officer21.1yrsno datano data
Claes Brickell
Head of Sales0yrsno datano data
Joachim Lundberg
Manager of Group Functions0yrsno datano data


Average Tenure


Average Age

Experienced Management: SOF B's management team is seasoned and experienced (16.1 years average tenure).

Board Members

Petter Stillström
Director12.1yrskr170.00kno data
Anders Eriksson
Chairman of the Board0yrskr3.83m21.27% SEK200.4m
Stig Martin
Director36.1yrskr85.00k8.05% SEK75.8m
Susanna Marcus
Director4.1yrsno datano data
Cecilia Nilsson
Director17.1yrsno datano data
Tomas Hogstom
Director10.1yrsno datano data
Britten Wennman
Director1.1yrsno datano data
Victoria Bohlin
Director1.1yrsno datano data


Average Tenure


Average Age

Experienced Board: SOF B's board of directors are seasoned and experienced ( 10.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Softronic AB's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Softronic AB
  • Ticker: SOF B
  • Exchange: OM
  • Founded: 1984
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: kr942.127m
  • Shares outstanding: 52.63m
  • Website:


  • Softronic AB
  • Hammarby kaj 10A
  • Stockholm
  • 120 32
  • Sweden


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOF BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKDec 1998
0GU8LSE (London Stock Exchange)YesClass B SharesGBSEKDec 1998
SF7DB (Deutsche Boerse AG)YesClass B SharesDEEURDec 1998
SOFBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKDec 1998


Softronic AB provides IT and management services in primarily in Sweden. The company offers scanning, application hosting, secure communication, digital sales platform, cyber defense as a service, compliance manager, business system, office support, travel and event, issue management system, e-commerce, e-health, insurance system, and digitization solutions. It also provides artificial intelligence, member system, premium solution partner, digital market communication, IT and business management, customer care system, and outsourcing solutions, as well as solutions for administration and communication between students, teachers, and parents. Softronic AB was founded in 1984 and is headquartered in Stockholm, Sweden. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 20:41
End of Day Share Price2020/02/25 00:00
Annual Earnings2019/12/31

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.