Vitec Software Group AB (publ)

OM:VIT B Stock Report

Market Cap: SEK 15.1b

Vitec Software Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

SEK 384.88
Fair Value
1.4% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: VIT B (SEK379.4) is trading below our estimate of fair value (SEK384.88)

Significantly Below Fair Value: VIT B is trading below fair value, but not by a significant amount.

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 Ratio38.5x
EarningsSEK 393.11m
Market CapSEK 15.13b

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 Average72.2x
TRUE B Truecaller
27.4x23.12%SEK 13.4b
LIME Lime Technologies
42.3x21.23%SEK 4.2b
VERT B Vertiseit
187.1x53.71%SEK 2.1b
IAR B IAR Systems Group
31.8x3.43%SEK 2.3b
VIT B Vitec Software Group
38.5x18.70%SEK 15.1b

Price-To-Earnings vs Peers: VIT B is good value based on its Price-To-Earnings Ratio (38.5x) compared to the peer average (72.2x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DONE Done.ai Group
0.3xn/aUS$63.63m
SPEONE SpectrumOne
1.6xn/aUS$6.13m
TIRO Transiro Holding
3.9xn/aUS$2.90m
No more companies available in this PE range
VIT B 38.5xIndustry Avg. 32.6xNo. of Companies4PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIT B is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the Swedish Software industry average (32.3x).

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 Ratio38.5x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: VIT B is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

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 379.40
SEK 530.17
+39.74%
11.85%SEK 650.00SEK 445.00n/a6
Oct ’26SEK 341.20
SEK 543.50
+59.29%
15.92%SEK 650.00SEK 375.00n/a6
Sep ’26SEK 365.00
SEK 543.50
+48.90%
15.92%SEK 650.00SEK 375.00n/a6
Aug ’26SEK 374.80
SEK 543.50
+45.01%
15.92%SEK 650.00SEK 375.00n/a6
Jul ’26SEK 471.80
SEK 588.17
+24.66%
14.34%SEK 700.00SEK 419.00n/a6
Jun ’26SEK 432.20
SEK 612.33
+41.68%
14.77%SEK 700.00SEK 419.00n/a6
May ’26SEK 441.00
SEK 614.17
+39.27%
14.09%SEK 700.00SEK 430.00n/a6
Apr ’26SEK 560.50
SEK 632.50
+12.85%
16.49%SEK 750.00SEK 430.00n/a6
Mar ’26SEK 600.50
SEK 632.50
+5.33%
16.49%SEK 750.00SEK 430.00n/a6
Feb ’26SEK 585.00
SEK 579.40
-0.96%
16.52%SEK 680.00SEK 400.00n/a5
Jan ’26SEK 544.00
SEK 585.40
+7.61%
16.49%SEK 660.00SEK 400.00n/a5
Dec ’25SEK 488.60
SEK 587.40
+20.22%
16.62%SEK 660.00SEK 400.00n/a5
Nov ’25SEK 460.20
SEK 593.00
+28.86%
14.66%SEK 660.00SEK 428.00n/a5
Oct ’25SEK 524.00
SEK 606.40
+15.73%
15.63%SEK 700.00SEK 428.00SEK 341.205
Sep ’25SEK 555.50
SEK 595.00
+7.11%
17.22%SEK 700.00SEK 428.00SEK 365.004
Aug ’25SEK 549.00
SEK 576.67
+5.04%
19.51%SEK 700.00SEK 428.00SEK 374.803
Jul ’25SEK 549.00
SEK 568.67
+3.58%
19.40%SEK 700.00SEK 430.00SEK 471.803
Apr ’25SEK 556.00
SEK 548.00
-1.44%
4.20%SEK 571.00SEK 525.00SEK 560.502
SEK 530.17
Fair Value
28.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/08 01:01
End of Day Share Price 2025/10/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Vitec Software Group AB (publ) is covered by 12 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
Daniel LindkvistDanske Bank