How does VIT B's PE Ratio compare to its peers?

VIT B is good value based on its Price-To-Earnings Ratio (53.8x) compared to the peer average (61.4x).

How does VIT B's PE Ratio compare vs other companies in the SE Software Industry?

VIT B is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the Swedish Software industry average (42.1x).

What is VIT B'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.

VIT B is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the estimated Fair Price-To-Earnings Ratio (34.6x).

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

VIT B (SEK531) is trading above our estimate of [[fair value]] (SEK508.86)

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

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

VIT B Stock Overview

Develops and delivers vertical software in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally. More details

VIT B fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

Rewards

Earnings are forecast to grow 17.37% per year

Earnings have grown 25.5% per year over the past 5 years

Risk Analysis

VIT B passed our risk checks.

My Notes

Capture your thoughts, links and company narrative

Vitec Software Group AB (publ) Competitors

Truecaller

OM:TRUE B

SEK 18.8b

Fortnox

OM:FNOX

SEK 42.6b

Byggfakta Group Nordic HoldCo

OM:BFG

SEK 11.2b

Lime Technologies

OM:LIME

SEK 4.6b

Price History & Performance

Summary of share price highs, lows and changes for Vitec Software Group
Historical stock prices
Current Share Price	SEK 531.00
52 Week High	SEK 602.00
52 Week Low	SEK 429.60
Beta	1.05
1 Month Change	0.76%
3 Month Change	19.17%
1 Year Change	-7.17%
3 Year Change	28.42%
5 Year Change	156.52%
Change since IPO	43,424.59%

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Jan 09

Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Dec 29

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Jan 09

Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Dec 29

At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?

Dec 02

With EPS Growth And More, Vitec Software Group (STO:VIT B) Makes An Interesting Case

Sep 28

Vitec Software Group (STO:VIT B) Is Reinvesting At Lower Rates Of Return

Aug 17

Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?

Aug 01

Shareholder Returns

	VIT B	SE Software	SE Market
7D	2.8%	4.4%	3.7%
1Y	-7.2%	18.2%	14.2%

Return vs Industry: VIT B underperformed the Swedish Software industry which returned 18.2% over the past year.

Return vs Market: VIT B underperformed the Swedish Market which returned 14.2% over the past year.

Price Volatility

Is VIT B's price volatile compared to industry and market?
VIT B volatility
VIT B Average Weekly Movement	4.7%
Software Industry Average Movement	7.6%
Market Average Movement	5.8%
10% most volatile stocks in SE Market	11.9%
10% least volatile stocks in SE Market	3.2%

Stable Share Price: VIT B has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: VIT B's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1985	1,570	Olle Backman	www.vitecsoftware.com

Vitec Software Group AB (publ) develops and delivers vertical software in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally. The company offers software for energy management and grid balancing services; municipal culture and recreation administration offices, as well as other visitor facilities; healthcare companies; church-related administration purposes; banking and finance industries; information management within the process industry and energy companies; social services sector; automotive, transportation, and machinery industries; local associations and national organizations; construction and property management industries; pharmacy markets; emergency services and field management of emergency vehicles; car dealers and auto repair shops; electricity traders, and owners of electricity and district heating grids; hair and beauty salons; and welfare sectors. It also provides software for hotels and tourism sectors; real estate agencies; archives, digital heritage, and collections; education sectors; golf courses; insurance and media companies; food and grocery retail industries; bond markets; building and facility management services; private and municipal waste and resource processing services; travel agencies; and retail trade and manufacturing industries.

Vitec Software Group AB (publ) Fundamentals Summary

How do Vitec Software Group's earnings and revenue compare to its market cap?
VIT B fundamental statistics
Market cap	SEK 21.16b
Earnings (TTM)	SEK 393.38m
Revenue (TTM)	SEK 3.15b

53.8x

P/E Ratio

6.7x

P/S Ratio

Is VIT B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VIT B income statement (TTM)
Revenue	SEK 3.15b
Cost of Revenue	SEK 1.63b
Gross Profit	SEK 1.51b
Other Expenses	SEK 1.12b
Earnings	SEK 393.38m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 05, 2025

Earnings per share (EPS)	9.87
Gross Margin	48.10%
Net Profit Margin	12.50%
Debt/Equity Ratio	41.3%

How did VIT B perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

29%

Payout Ratio

Does VIT B pay a reliable dividends?

See VIT B dividend history and benchmarks

When do you need to buy VIT B by to receive an upcoming dividend?
Vitec Software Group dividend dates
Ex Dividend Date	Mar 25 2025
Dividend Pay Date	Mar 31 2025
Days until Ex dividend	65 days
Days until Dividend pay date	71 days

Does VIT B pay a reliable dividends?

See VIT B dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/18 00:17
End of Day Share Price	2025/01/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
null null	ABG Sundal Collier
Daniel Thorsson	ABG Sundal Collier Sponsored
null null	Danske Bank

VIT B Stock Overview

Rewards

Risk Analysis

Vitec Software Group AB (publ) Competitors

OM:TRUE B

SEK 18.8b

OM:FNOX

SEK 42.6b

OM:BFG

SEK 11.2b

OM:LIME

SEK 4.6b

Price History & Performance

Recent News & Updates

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Dividend of kr0.75 announced

Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Upcoming dividend of kr0.75 per share

Vitec Software Group AB (publ) (OM:VIT B) acquired Figlo Holding B.V. from InvestCloud, Inc.

Vitec Software Group AB (publ) (OM:VIT B) acquired Roidu Ltd.

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Dividend of kr0.75 announced

Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Upcoming dividend of kr0.75 per share

Vitec Software Group AB (publ) (OM:VIT B) acquired Figlo Holding B.V. from InvestCloud, Inc.

Vitec Software Group AB (publ) (OM:VIT B) acquired Roidu Ltd.

Vitec Software Group AB (publ) (OM:VIT B) acquired OLYSLAGER B.V.

Vitec Software Group AB (publ) Announces Nomination Committee for 2025 Annual General Meeting

New minor risk - Shareholder dilution

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Vitec Software Group AB (publ) to Report Q3, 2025 Results on Oct 16, 2025

New minor risk - Shareholder dilution

Dividend of kr0.75 announced

Upcoming dividend of kr0.75 per share

Chief Operating Officer recently sold kr2.6m worth of stock

Vitec Software Group AB (publ) (OM:VIT B) acquired an unknown majority stake in Trinergy Sprl.

Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of an unknown majority stake in Taxiteknik Nordic Ab.

Now 21% overvalued after recent price rise

CEO, President & Director recently bought kr252k worth of stock

Chief Financial Officer recently bought kr708k worth of stock

CEO, President & Director exercised options to buy kr878k worth of stock.

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Dividend of kr0.75 announced

Upcoming dividend of kr0.75 per share

Price target decreased by 12% to kr503

Vitec Software Group AB (Publ) Appoints Peter Lidström as Chief Financial Officer ,Effective September 1, 2024

Insufficient new directors

Vitec Software Group AB (Publ) Approves Dividend

First quarter 2024 earnings: Revenues miss analyst expectations

Dividend of kr0.75 announced

Independent Director recently sold kr271k worth of stock

Upcoming dividend of kr0.57 per share

Independent Director recently sold kr272k worth of stock

Independent Director recently sold kr560k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

Vitec Software Group AB (publ) to Report First Half, 2024 Results on Jul 12, 2024

Upcoming dividend of kr0.57 per share at 0.4% yield

Independent Director recently sold kr3.7m worth of stock

Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of Codea Oy.

Vitec Software Group AB (publ), Annual General Meeting, Apr 23, 2024

New minor risk - Financial position

Third quarter 2023 earnings: EPS misses analyst expectations

Vitec Software Group AB (publ) (OM:VIT B) acquired Picturae Ict B.V.

Vitec Software Group AB (publ) (OM:VIT B) acquired Picturae Ict B.V.

Chief Operating Officer exercised options to buy kr2.1m worth of stock.

Vitec Software Group AB (publ) (OM:VIT B) agreed to acquire Codea.

Upcoming dividend of kr0.57 per share at 0.4% yield

Vitec Software Group AB (publ) completed the acquisition of Neagen Oy.

Independent Director recently sold kr1.2m worth of stock

Consensus EPS estimates increase by 11%

Second quarter 2023 earnings: Revenues exceed analyst expectations

Upcoming dividend of kr0.57 per share at 0.4% yield

Vitec Software Group AB (publ) entered into an agreement to acquire Neagen Oy.

Vitec Software Group AB (publ) (OM:VIT B) acquired Entry Event Sweden Ab.

Independent Director recently sold kr220k worth of stock

Vitec Software Group AB (publ) (OM:VIT B) acquired DL Systems.

First quarter 2023 earnings: Revenues exceed analyst expectations

Independent Director recently bought kr504k worth of stock

Upcoming dividend of kr0.50 per share at 0.5% yield