Vitec Software Group AB (publ), a software company, develops and delivers vertical market software in Sweden, Denmark, Finland, Norway, and internationally. More Details
Proven track record with moderate growth potential.
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 is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: VIT B's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VIT B underperformed the Swedish Software industry which returned 163.2% over the past year.
Return vs Market: VIT B exceeded the Swedish Market which returned 16.7% over the past year.
Long-Term 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
5 days ago | Simply Wall StShould You Be Impressed By Vitec Software Group's (STO:VIT B) Returns on Capital?
2 weeks ago | Simply Wall StIs Vitec Software Group (STO:VIT B) A Risky Investment?
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 (SEK297.5) is trading above our estimate of fair value (SEK42.44)
Significantly Below Fair Value: VIT B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VIT B is poor value based on its PE Ratio (74.4x) compared to the SE Software industry average (56.2x).
PE vs Market: VIT B is poor value based on its PE Ratio (74.4x) compared to the Swedish market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: VIT B is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: VIT B is overvalued based on its PB Ratio (11.7x) compared to the SE Software industry average (7.1x).
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 (16.7% per year) is above the savings rate (0.4%).
Earnings vs Market: VIT B's earnings (16.7% per year) are forecast to grow faster than the Swedish market (11% per year).
High Growth Earnings: VIT B's earnings are forecast to grow, but not significantly.
Revenue vs Market: VIT B's revenue (6.9% per year) is forecast to grow faster than the Swedish market (3.2% per year).
High Growth Revenue: VIT B's revenue (6.9% 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 low in 3 years time (17.3%).
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 (9.3%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: VIT B's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: VIT B's earnings growth over the past year (12.4%) exceeds its 5-year average (12% per year).
Earnings vs Industry: VIT B earnings growth over the past year (12.4%) underperformed the Software industry 14.5%.
Return on Equity
High ROE: VIT B's Return on Equity (15.8%) is considered low.
How is Vitec Software Group's financial position?
Financial Position Analysis
Short Term Liabilities: VIT B's short term assets (SEK332.4M) do not cover its short term liabilities (SEK473.3M).
Long Term Liabilities: VIT B's short term assets (SEK332.4M) do not cover its long term liabilities (SEK856.8M).
Debt to Equity History and Analysis
Debt Level: VIT B's debt to equity ratio (71.1%) is considered high.
Reducing Debt: VIT B's debt to equity ratio has reduced from 91.3% to 71.1% over the past 5 years.
Debt Coverage: VIT B's debt is well covered by operating cash flow (74.4%).
Interest Coverage: VIT B's interest payments on its debt are well covered by EBIT (12.6x coverage).
What is Vitec Software Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VIT B's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.93%).
High Dividend: VIT B's dividend (0.45%) is low compared to the top 25% of dividend payers in the Swedish market (3.52%).
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 (62 yo)
Mr. Lars Stenlund, Ph.D. has been a Director of 3L AB System since 2010. He is the Founder of Vitec Software Group AB and has been its Chief Executive Officer since 1990. Mr. Stenlund serves Chairman of AC...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD395.91K) is below average for companies of similar size in the Swedish market ($USD925.30K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
|Founder & CEO||31yrs||kr3.29m||5.26% |
|Chief Financial Officer||1.58yrs||no data||0.031% |
|Chief Operating Officer||0.83yr||no data||0.092% |
|CIO & CTO||no data||no data||1.41% |
|Investor Relations Officer||3.92yrs||no data||0.24% |
|Managing Director of Vitec Veriba AB||no data||no data||no data|
|Managing Director||no data||no data||no data|
|Head of Vitec Business Area Real Estate||4.92yrs||no data||no data|
|Chief Executive Officer of Vitec Health||no data||no data||no data|
|Controller||no data||no data||no data|
|Chief Executive Officer of Software for Estate Agents - Sweden||no data||no data||no data|
Experienced Management: VIT B's management team is considered experienced (3.9 years average tenure).
|Independent Chairman of the Board||8yrs||kr270.00k||0.024% |
|Independent Director||10yrs||kr135.00k||0.023% |
|Independent Director||23yrs||kr135.00k||0.37% |
|Independent Director||11yrs||kr135.00k||0.79% |
|Independent Director||8.67yrs||kr135.00k||no data|
Experienced Board: VIT B's board of directors are seasoned and experienced ( 10 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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: kr9.783b
- Shares outstanding: 32.77m
- 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, develops and delivers vertical market software in Sweden, Denmark, Finland, Norway, and internationally. It operates in Auto, Energy, Real Estate, Financ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/26 20:04|
|End of Day Share Price||2021/01/26 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.