VIT-B Stock Analysis: Vitec Software (publ) | ST
Software - Application | ST, Sweden | Market Cap: 8.462m SEK | 12M Return: -41.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.7M
EPS Trend: 97.5%
Qual. Beats: 4
Rev. Trend: 97.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Vitec Software Group AB (publ) is a Swedish vertical software provider that develops and delivers niche industry-specific solutions across a broad portfolio of end markets. Founded in 1985 and headquartered in Umeå, Sweden, the company operates primarily in the Nordic region (Sweden, Denmark, Finland, and Norway), with additional presence in the Netherlands and the United States.
Its product range spans an unusually wide set of verticals, including real estate, banking and finance, insurance, automotive and car dealers, taxi, pharmacy, energy and district heating, laundry and textile rental, media, education, property and facility management, and municipal culture and leisure administration, among many others. Vitecs business model is built on acquiring and long-term owning small, specialized software businesses serving these niche markets, with revenue typically generated through recurring license, subscription, and support fees tied to deeply embedded customer workflows.
- Bolt-on acquisitions sustain double-digit recurring revenue growth
- Nordic macro slowdown pressures SMB software spending across verticals
- EBITDA margin expansion driven by vertical SaaS portfolio mix shift
| Net Income: 464.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.84 > 1.0 |
| NWC/Revenue: -9.94% < 20% (prev -18.95%; Δ 9.01% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.14b > Net Income 464.1m |
| Net Debt (3.40b) to EBITDA (1.42b): 2.39 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.7m) vs 12m ago -0.07% < -2% |
| Gross Margin: 17.39% > 18% (prev 39.28%; Δ -21.90% > 0.5%) |
| Asset Turnover: 35.02% > 50% (prev 35.93%; Δ -0.91% > 0%) |
| Interest Coverage Ratio: 5.25 > 6 (EBIT TTM 753.2m / Interest Expense TTM 143.4m) |
| A: -0.03 (Total Current Assets 1.23b - Total Current Liabilities 1.61b) / Total Assets 11.6b |
| B: 0.15 (Retained Earnings 1.79b / Total Assets 11.6b) |
| C: 0.07 (EBIT TTM 753.2m / Avg Total Assets 10.7b) |
| D: 0.78 (Book Value of Equity 5.07b / Total Liabilities 6.50b) |
| Altman-Z'' = 1.58 = BB |
| DSRI: 0.72 (Receivables 406.0m/529.7m, Revenue 3.75b/3.53b) |
| GMI: 2.26 (GM 39.28% / 17.39%) |
| AQI: 0.97 (AQ_t 0.87 / AQ_t-1 0.89) |
| SGI: 1.06 (Revenue 3.75b / 3.53b) |
| TATA: -0.06 (NI 464.1m - CFO 1.14b) / TA 11.6b) |
| Beneish M = -2.09 (Cap -4..+1) = BB |
As of July 28, 2026, the stock is trading at SEK 223.60 with a total of 186,075 shares traded. Over the past week, the price has changed by +0.72%, over one month by -1.32%, over three months by -15.28% and over the past year by -41.46%.
Current recommended Stop Loss: 212.00 (which is 5.2% or 1.3 ATR below the current price).
Vitec Software (publ) has no consensus analysts rating.
P/E Trailing = 18.2891
P/E Forward = 17.7936
P/S = 2.2113
P/B = 1.7115
Revenue TTM = 3.75b SEK
EBIT TTM = 753.2m SEK
EBITDA TTM = 1.42b SEK
Long Term Debt = 3.53b SEK (from longTermDebt, last quarter)
Short Term Debt = 128.2m SEK (from shortTermDebt, last quarter)
Debt = 3.99b SEK (from shortLongTermDebtTotal, last quarter) + Leases 195.6m
Net Debt = 3.40b SEK (calculated: Debt 3.99b - CCE 582.5m)
Enterprise Value = 11.9b SEK (8.46b + Debt 3.99b - CCE 582.5m)
Interest Coverage Ratio = 5.25 (Ebit TTM 753.2m / Interest Expense TTM 143.4m)
EV/FCF = 11.83x (Enterprise Value 11.9b / FCF TTM 1.00b)
FCF Yield = 8.45% (FCF TTM 1.00b / Enterprise Value 11.9b)
FCF Margin = 26.76% (FCF TTM 1.00b / Revenue TTM 3.75b)
Net Margin = 12.38% (Net Income TTM 464.1m / Revenue TTM 3.75b)
Gross Margin = 17.39% ((Revenue TTM 3.75b - Cost of Revenue TTM 3.10b) / Revenue TTM)
Gross Margin QoQ = 21.73% (prev 47.07%)
Tobins Q-Ratio = 1.03 (Enterprise Value 11.9b / Total Assets 11.6b)
Interest Expense / Debt = 3.60% (Interest Expense 143.4m / Debt 3.99b)
Taxrate = 23.68% (144.0m / 608.1m)
NOPAT = 574.8m (EBIT 753.2m * (1 - 23.68%))
Current Ratio = 0.77 (Total Current Assets 1.23b / Total Current Liabilities 1.61b)
Debt / Equity = 0.79 (Debt 3.99b / totalStockholderEquity, last quarter 5.07b)
Debt / EBITDA = 2.39 (Net Debt 3.40b / EBITDA 1.42b)
Debt / FCF = 3.39 (Net Debt 3.40b / FCF TTM 1.00b)
Total Stockholder Equity = 4.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.34% (Net Income 464.1m / Total Assets 11.6b)
RoE = 9.37% (Net Income TTM 464.1m / Total Stockholder Equity 4.95b)
RoCE = 8.87% (EBIT 753.2m / Capital Employed (Equity 4.95b + L.T.Debt 3.53b))
RoIC = 5.80% (NOPAT 574.8m / Invested Capital 9.91b)
WACC = 6.36% (E(8.46b)/V(12.4b) * Re(8.06%) + D(3.99b)/V(12.4b) * Rd(3.60%) * (1-Tc(0.24)))
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.03 | Cagr: 2.54%
[DCF] Terminal Value 77.97% ; FCFF base≈869.9m ; Y1≈997.2m ; Y5≈1.47b
[DCF] Fair Price = 503.7 (EV 22.1b - Net Debt 3.40b = Equity 18.7b / Shares 37.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.49 | EPS CAGR: 42.76% | SUE: 1.01 | # QB: 4
Revenue Correlation: 97.01 | Revenue CAGR: 14.04% | SUE: 0.85 | # QB: 1
EPS current Quarter (2026-09-30): EPS=3.03 | Chg30d=+4.62% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=12.87 | Chg30d=-6.59% | Revisions=+0% | GrowthEPS=-33.9% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=15.20 | Chg30d=-6.80% | Revisions=-12% | GrowthEPS=+18.1% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +0% (up=5, down=5)