Vitec Software Group AB (publ)

OM:VIT B Stock Report

Market Cap: SEK 21.2b

Vitec Software Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 VIT B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VIT B (SEK532.5) is trading above our estimate of fair value (SEK449.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VIT B. This is calculated by dividing VIT B's market cap by their current earnings.
What is VIT B's PE Ratio?
PE Ratio53.9x
EarningsSEK 393.38m
Market CapSEK 21.22b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VIT B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62x
TRUE B Truecaller
35.9x23.6%SEK 17.6b
FNOX Fortnox
65.9x22.7%SEK 45.5b
BFG Byggfakta Group Nordic HoldCo
94.2x52.1%SEK 11.2b
LIME Lime Technologies
52.2x23.6%SEK 4.7b
VIT B Vitec Software Group
53.9x18.2%SEK 21.2b

Price-To-Earnings vs Peers: VIT B is good value based on its Price-To-Earnings Ratio (53.9x) compared to the peer average (62x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SPEONE SpectrumOne
1.7xn/aUS$9.38m
No more companies available in this PE range
VIT B 53.9xIndustry Avg. 41.0xNo. of Companies3PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIT B is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the Swedish Software industry average (41.1x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.9x
Fair PE Ratio35x

Price-To-Earnings vs Fair Ratio: VIT B is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the estimated Fair Price-To-Earnings Ratio (35x).

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 VIT B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 532.50
SEK 585.40
+9.9%
16.5%SEK 660.00SEK 400.00n/a5
Dec ’25SEK 488.60
SEK 587.40
+20.2%
16.6%SEK 660.00SEK 400.00n/a5
Nov ’25SEK 460.20
SEK 593.00
+28.9%
14.7%SEK 660.00SEK 428.00n/a5
Oct ’25SEK 524.00
SEK 606.40
+15.7%
15.6%SEK 700.00SEK 428.00n/a5
Sep ’25SEK 555.50
SEK 595.00
+7.1%
17.2%SEK 700.00SEK 428.00n/a4
Aug ’25SEK 549.00
SEK 576.67
+5.0%
19.5%SEK 700.00SEK 428.00n/a3
Jul ’25SEK 549.00
SEK 568.67
+3.6%
19.4%SEK 700.00SEK 430.00n/a3
Apr ’25SEK 556.00
SEK 548.00
-1.4%
4.2%SEK 571.00SEK 525.00n/a2
Jul ’24SEK 542.00
SEK 533.50
-1.6%
0.3%SEK 535.00SEK 532.00SEK 549.002
Jun ’24SEK 544.50
SEK 533.50
-2.0%
0.3%SEK 535.00SEK 532.00SEK 537.502
Apr ’24SEK 533.50
SEK 526.50
-1.3%
1.2%SEK 533.00SEK 520.00SEK 556.002
Mar ’24SEK 486.60
SEK 526.50
+8.2%
1.2%SEK 533.00SEK 520.00SEK 580.502
Feb ’24SEK 464.80
SEK 475.00
+2.2%
3.8%SEK 493.00SEK 457.00SEK 540.002
Jan ’24SEK 418.20
SEK 479.50
+14.7%
2.8%SEK 493.00SEK 466.00SEK 585.502

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 05:18
End of Day Share Price 2024/12/18 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 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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