Vitec Software Group AB (publ), a software company, provides vertical market software in the Nordic and Baltic countries, the rest of Europe, and the Middle East.
High growth potential with acceptable track record.
Share Price & News
How has Vitec Software Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VIT B's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VIT B exceeded the Swedish Software industry which returned 117.2% over the past year.
Return vs Market: VIT B exceeded the Swedish Market which returned 22% over the past year.
Price Volatility Vs. Market
How volatile is Vitec Software Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWe Think Vitec Software Group (STO:VIT B) Can Manage Its Debt With Ease
2 months ago | Simply Wall StHave Insiders Sold Vitec Software Group AB (publ) (STO:VIT B) Shares Recently?
3 months ago | Simply Wall StA Note On Vitec Software Group AB (publ)'s (STO:VIT B) ROE and Debt To Equity
Is Vitec Software Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VIT B (SEK219) is trading above our estimate of fair value (SEK131.35)
Significantly Below Fair Value: VIT B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VIT B is good value based on its PE Ratio (69.4x) compared to the Software industry average (70.6x).
PE vs Market: VIT B is poor value based on its PE Ratio (69.4x) compared to the Swedish market (20x).
Price to Earnings Growth Ratio
PEG Ratio: VIT B is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: VIT B is overvalued based on its PB Ratio (9.4x) compared to the SE Software industry average (6.1x).
How is Vitec Software Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VIT B's forecast earnings growth (21.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: VIT B's earnings (21.3% per year) are forecast to grow faster than the Swedish market (8.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VIT B's revenue (7.9% per year) is forecast to grow faster than the Swedish market (4.7% per year).
High Growth Revenue: VIT B's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VIT B's Return on Equity is forecast to be high in 3 years time (24.6%)
How has Vitec Software Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VIT B has high quality earnings.
Growing Profit Margin: VIT B's current net profit margins (7.9%) are lower than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: VIT B's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: VIT B's earnings growth over the past year (5.4%) is below its 5-year average (12.1% per year).
Earnings vs Industry: VIT B earnings growth over the past year (5.4%) exceeded the Software industry -5.4%.
Return on Equity
High ROE: VIT B's Return on Equity (13.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Vitec Software Group's financial position?
Financial Position Analysis
Short Term Liabilities: VIT B's short term assets (SEK285.0M) do not cover its short term liabilities (SEK353.1M).
Long Term Liabilities: VIT B's short term assets (SEK285.0M) do not cover its long term liabilities (SEK777.8M).
Debt to Equity History and Analysis
Debt Level: VIT B's debt to equity ratio (61.9%) is considered high.
Reducing Debt: VIT B's debt to equity ratio has reduced from 72.9% to 61.9% over the past 5 years.
Debt Coverage: VIT B's debt is well covered by operating cash flow (59.1%).
Interest Coverage: VIT B's interest payments on its debt are well covered by EBIT (11.2x coverage).
Inventory Level: VIT B has a low level of unsold assets or inventory.
Debt Coverage by Assets: VIT B's debt is not covered by short term assets (assets are 0.6x debt).
What is Vitec Software Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VIT B's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.57%).
High Dividend: VIT B's dividend (0.62%) is low compared to the top 25% of dividend payers in the Swedish market (4.23%).
Stability and Growth of Payments
Stable Dividend: VIT B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.
Growing Dividend: VIT B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: VIT B is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VIT B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Stenlund (61yo)
Mr. Lars Stenlund, Ph.D. served as Director of Railcare Group AB (publ) until 2019. He is the Founder of Vitec Software Group AB and has been its Chief Executive Officer since 1990. Mr. Stenlund serves Cha ...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD356.98K) is below average for companies of similar size in the Swedish market ($USD613.57K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
|Founder & CEO||30.1yrs||kr3.47m||5.29% SEK377.2m|
|Chief Financial Officer||0.7yrs||no data||no data|
|Vice CEO||0yrs||no data||0.33% SEK23.6m|
|CIO & CTO||0yrs||no data||1.46% SEK104.1m|
|Managing Director of Vitec Veriba AB||0yrs||no data||no data|
|Vice CEO and VP of M&A and Business Development||0yrs||no data||0.064% SEK4.6m|
|Managing Director||0yrs||no data||no data|
|Head of Vitec Business Area Real Estate||4yrs||no data||no data|
|Chief Executive Officer of Vitec Health||0yrs||no data||no data|
|Controller||0yrs||no data||no data|
Experienced Management: VIT B's management team is considered experienced (4 years average tenure).
|Chairman of the Board||7.1yrs||kr270.00k||0.025% SEK1.8m|
|Independent Director||9.1yrs||kr135.00k||0.023% SEK1.6m|
|Independent Director||22.1yrs||kr135.00k||0.37% SEK26.5m|
|Independent Director||10.1yrs||kr135.00k||0.79% SEK56.6m|
|Independent Director||7.8yrs||kr135.00k||no data|
Experienced Board: VIT B's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VIT B insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Vitec Software Group AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Vitec Software Group AB (publ)
- Ticker: VIT B
- Exchange: OM
- Founded: 1985
- Industry: Application Software
- Sector: Software
- Market Cap: kr7.134b
- Shares outstanding: 32.57m
- Website: https://www.vitecsoftware.com
Number of Employees
- Vitec Software Group AB (publ)
- Tvistevägen 47A
- Västerbotten County
- 907 29
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VIT B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Jun 1999|
|0RDI||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Jun 1999|
|VITBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Jun 1999|
Vitec Software Group AB (publ), a software company, provides vertical market software in the Nordic and Baltic countries, the rest of Europe, and the Middle East. It operates in Auto, Energy, Real Estate, Finance & Insurance, Environment, Estate Agents, and Education & Health segments. The Auto segment offers software for the automotive and machinery sectors. This segment’s products support work processes, including vehicle sales, vehicle service centers, tire storage, and distribution of auto components. The Energy segment develops forecasting systems for electricity traders, and calculation and mapping systems for owners of electricity and district-heating grids. The Real Estate segment offers a cloud-based software for project and business support; and enterprise systems for the construction and real estate sectors covering leasing, sales, customer service, accounting, technical property management, and energy-consumption monitoring. The Finance & Insurance segment develops software for banks, financial institutions, and insurance companies. The Environment segment develops products software for private and municipal waste-and-resource processing for various applications comprising weighing of waste and driving schedules, invoicing, accounting, and reporting. The Estate Agents segment develops software to support estate agents. The Education & Health segment develops software for churching operations; enterprise system for managing the pharmacy workflow; and software for municipal leisure and cultural departments, and individuals with reading and writing difficulties, as well as public and private education companies. It also provides software for healthcare companies, which are wholly Web-based enterprise systems used by district healthcare centers, hospitals, physiotherapy, and rehabilitation facilities, as well as occupational health services and public organizations. The company was founded in 1985 and is headquartered in Umeå, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 21:07|
|End of Day Share Price||2020/02/21 00:00|
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.