VIT-B Stock Analysis: Vitec Software (publ) | ST
Software - Application | ST, Sweden | Market Cap: 8.739m SEK | 12M Return: -51.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.2M
EPS Trend: 95.8%
Qual. Beats: 5
Rev. Trend: 97.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
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: 450.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.49 > 1.0 |
| NWC/Revenue: -9.60% < 20% (prev -15.13%; Δ 5.54% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.14b > Net Income 450.9m |
| Net Debt (3.04b) to EBITDA (1.34b): 2.26 < 3 |
| Current Ratio: 0.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.8m) vs 12m ago -0.05% < -2% |
| Gross Margin: 23.42% > 18% (prev 39.16%; Δ -15.73% > 0.5%) |
| Asset Turnover: 34.24% > 50% (prev 35.49%; Δ -1.25% > 0%) |
| Interest Coverage Ratio: 5.74 > 6 (EBIT TTM 707.6m / Interest Expense TTM 123.2m) |
| A: -0.03 (Total Current Assets 1.44b - Total Current Liabilities 1.79b) / Total Assets 11.8b |
| B: 0.15 (Retained Earnings 1.83b / Total Assets 11.8b) |
| C: 0.07 (EBIT TTM 707.6m / Avg Total Assets 10.8b) |
| D: 0.75 (Book Value of Equity 5.05b / Total Liabilities 6.76b) |
| Altman-Z'' = 1.53 = BB |
| DSRI: 1.04 (Receivables 605.9m/552.0m, Revenue 3.71b/3.50b) |
| GMI: 1.67 (GM 39.16% / 23.42%) |
| AQI: 0.98 (AQ_t 0.85 / AQ_t-1 0.87) |
| SGI: 1.06 (Revenue 3.71b / 3.50b) |
| TATA: -0.06 (NI 450.9m - CFO 1.14b) / TA 11.8b) |
| Beneish M = -2.37 (Cap -4..+1) = BBB |
As of July 01, 2026, the stock is trading at SEK 228.20 with a total of 93,877 shares traded. Over the past week, the price has changed by +0.67%, over one month by -18.86%, over three months by -3.81% and over the past year by -51.52%.
Current recommended Stop Loss: 213.60 (which is 6.4% or 1.4 ATR below the current price).
Vitec Software (publ) has no consensus analysts rating.
P/E Trailing = 19.4366
P/E Forward = 18.1488
P/S = 2.3708
P/B = 1.7851
Revenue TTM = 3.71b SEK
EBIT TTM = 707.6m SEK
EBITDA TTM = 1.34b SEK
Long Term Debt = 3.37b SEK (from longTermDebt, last quarter)
Short Term Debt = 115.6m SEK (from shortTermDebt, last quarter)
Debt = 3.79b SEK (from shortLongTermDebtTotal, last quarter) + Leases 182.5m
Net Debt = 3.04b SEK (calculated: Debt 3.79b - CCE 759.0m)
Enterprise Value = 11.8b SEK (8.74b + Debt 3.79b - CCE 759.0m)
Interest Coverage Ratio = 5.74 (Ebit TTM 707.6m / Interest Expense TTM 123.2m)
EV/FCF = 13.28x (Enterprise Value 11.8b / FCF TTM 886.7m)
FCF Yield = 7.53% (FCF TTM 886.7m / Enterprise Value 11.8b)
FCF Margin = 23.91% (FCF TTM 886.7m / Revenue TTM 3.71b)
Net Margin = 12.16% (Net Income TTM 450.9m / Revenue TTM 3.71b)
Gross Margin = 23.42% ((Revenue TTM 3.71b - Cost of Revenue TTM 2.84b) / Revenue TTM)
Gross Margin QoQ = 47.07% (prev -18.50%)
Tobins Q-Ratio = 1.00 (Enterprise Value 11.8b / Total Assets 11.8b)
Interest Expense / Debt = 3.25% (Interest Expense 123.2m / Debt 3.79b)
Taxrate = 22.63% (131.9m / 582.9m)
NOPAT = 547.5m (EBIT 707.6m * (1 - 22.63%))
Current Ratio = 0.80 (Total Current Assets 1.44b / Total Current Liabilities 1.79b)
Debt / Equity = 0.75 (Debt 3.79b / totalStockholderEquity, last quarter 5.05b)
Debt / EBITDA = 2.26 (Net Debt 3.04b / EBITDA 1.34b)
Debt / FCF = 3.42 (Net Debt 3.04b / FCF TTM 886.7m)
Total Stockholder Equity = 4.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.16% (Net Income 450.9m / Total Assets 11.8b)
RoE = 9.26% (Net Income TTM 450.9m / Total Stockholder Equity 4.87b)
RoCE = 8.58% (EBIT 707.6m / Capital Employed (Equity 4.87b + L.T.Debt 3.37b))
RoIC = 5.51% (NOPAT 547.5m / Invested Capital 9.94b)
WACC = 6.34% (E(8.74b)/V(12.5b) * Re(8.0%) + D(3.79b)/V(12.5b) * Rd(3.25%) * (1-Tc(0.23)))
Discount Rate = 8.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.67 | Cagr: 2.58%
[DCF] Terminal Value 76.93% ; FCFF base≈847.4m ; Y1≈938.4m ; Y5≈1.21b
[DCF] Fair Price = 415.4 (EV 18.4b - Net Debt 3.04b = Equity 15.4b / Shares 37.1m; r=8.35% [WACC [floored]]; 5y FCF grow 12.47% → 2.50% )
EPS Correlation: 95.79 | EPS CAGR: 36.22% | SUE: 0.86 | # QB: 5
Revenue Correlation: 97.44 | Revenue CAGR: 16.51% | SUE: 0.27 | # QB: 0
EPS next Quarter (2026-09-30): EPS=2.90 | Chg30d=+0.00% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=13.77 | Chg30d=-0.02% | Revisions=-33% | GrowthEPS=-29.3% | GrowthRev=+8.2%
EPS next Year (2027-12-31): EPS=16.27 | Chg30d=-0.13% | Revisions=+20% | GrowthEPS=+18.2% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -33%