VIT-B Stock Analysis: Vitec Software (publ) | ST
Software - Application | ST, Sweden | Market Cap: 11.874m SEK | 12M Return: -2.4% | SE0007871363 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.4M
EPS Trend: 96.5%
Qual. Beats: 0
Rev. Trend: 96.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Vitec Software Group develops vertical software for specialized industries, including healthcare, finance, energy, real estate, transport, retail and hospitality. Its products are tailored to sector-specific workflows, helping customers manage operational and administrative processes.
Founded in 1985 and headquartered in Umeå, Sweden, Vitec serves customers across the Nordic countries, the Netherlands, the United States and other international markets.
- Recurring vertical-software revenue supports resilient growth and cash flow
- Acquisitions expand the portfolio but increase debt and goodwill risk
- Organic growth and margins depend on retention, pricing, and cost control
| Net Income: 470.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.05 > 1.0 |
| NWC/Revenue: -2.68% < 20% (prev -14.60%; Δ 11.92% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.17b > Net Income 470.9m |
| Net Debt (3.37b) to EBITDA (1.48b): 2.28 < 3 |
| Current Ratio: 0.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.6m) vs 12m ago -0.38% < -2% |
| Gross Margin: 32.97% > 18% (prev 35.55%; Δ -2.58% > 0.5%) |
| Asset Turnover: 35.59% > 50% (prev 36.90%; Δ -1.30% > 0%) |
| Interest Coverage Ratio: 4.73 > 6 (EBIT TTM 789.1m / Interest Expense TTM 166.9m) |
| A: -0.01 (Total Current Assets 1.20b - Total Current Liabilities 1.30b) / Total Assets 11.7b |
| B: 0.16 (Retained Earnings 1.91b / Total Assets 11.7b) |
| C: 0.07 (EBIT TTM 789.1m / Avg Total Assets 10.7b) |
| D: 0.85 (Book Value of Equity 5.35b / Total Liabilities 6.31b) |
| Altman-Z'' = 1.86 = BBB |
| DSRI: 0.76 (Receivables 419.8m/518.1m, Revenue 3.80b/3.58b) |
| GMI: 1.08 (GM 35.55% / 32.97%) |
| AQI: 0.97 (AQ_t 0.87 / AQ_t-1 0.90) |
| SGI: 1.06 (Revenue 3.80b / 3.58b) |
| TATA: -0.06 (NI 470.9m - CFO 1.17b) / TA 11.7b) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of November 13, 2026, the stock is trading at SEK 307.80 with a total of 76,752 shares traded. Over the past week, the price has changed by +0.46%, over one month by +7.77%, over three months by +29.67% and over the past year by -2.41%.
Current recommended Stop Loss: 296.00 (which is 3.8% or 1.2 ATR below the current price).
Vitec Software (publ) has no consensus analysts rating.
P/E Trailing = 25.2357
P/E Forward = 19.6078
P/S = 3.0106
P/B = 2.2677
Revenue TTM = 3.80b SEK
EBIT TTM = 789.1m SEK
EBITDA TTM = 1.48b SEK
Long Term Debt = 3.52b SEK (from longTermDebt, last quarter)
Short Term Debt = 95.0m SEK (from shortTermDebt, last quarter)
Debt = 3.92b SEK (from shortLongTermDebtTotal, last quarter) + Leases 181.6m
Net Debt = 3.37b SEK (calculated: Debt 3.92b - CCE 549.5m)
Enterprise Value = 15.2b SEK (11.9b + Debt 3.92b - CCE 549.5m)
Interest Coverage Ratio = 4.73 (Ebit TTM 789.1m / Interest Expense TTM 166.9m)
EV/FCF = 16.58x (Enterprise Value 15.2b / FCF TTM 919.2m)
FCF Yield = 6.03% (FCF TTM 919.2m / Enterprise Value 15.2b)
FCF Margin = 24.18% (FCF TTM 919.2m / Revenue TTM 3.80b)
Net Margin = 12.39% (Net Income TTM 470.9m / Revenue TTM 3.80b)
Gross Margin = 32.97% ((Revenue TTM 3.80b - Cost of Revenue TTM 2.55b) / Revenue TTM)
Gross Margin QoQ = 52.88% (prev 52.91%)
Tobins Q-Ratio = 1.31 (Enterprise Value 15.2b / Total Assets 11.7b)
Interest Expense / Debt = 4.26% (Interest Expense 166.9m / Debt 3.92b)
Taxrate = 24.36% (151.7m / 622.5m)
NOPAT = 596.9m (EBIT 789.1m * (1 - 24.36%))
Current Ratio = 0.92 (Total Current Assets 1.20b / Total Current Liabilities 1.30b)
Debt / Equity = 0.73 (Debt 3.92b / totalStockholderEquity, last quarter 5.35b)
Debt / EBITDA = 2.28 (Net Debt 3.37b / EBITDA 1.48b)
Debt / FCF = 3.67 (Net Debt 3.37b / FCF TTM 919.2m)
Total Stockholder Equity = 5.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.41% (Net Income 470.9m / Total Assets 11.7b)
RoE = 9.27% (Net Income TTM 470.9m / Total Stockholder Equity 5.08b)
RoCE = 9.17% (EBIT 789.1m / Capital Employed (Equity 5.08b + L.T.Debt 3.52b))
RoIC = 5.81% (NOPAT 596.9m / Invested Capital 10.3b)
WACC = 5.69% (E(11.9b)/V(15.8b) * Re(6.50%) + D(3.92b)/V(15.8b) * Rd(4.26%) * (1-Tc(0.24)))
Discount Rate = 6.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.35 | Cagr: 2.35%
[DCF] Terminal Value 77.97% ; FCFF base≈859.1m ; Y1≈984.8m ; Y5≈1.45b
[DCF] Fair Price = 496.9 (EV 21.8b - Net Debt 3.37b = Equity 18.4b / Shares 37.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.49 | EPS CAGR: 40.58% | SUE: 0.78 | # QB: 0
Revenue Correlation: 96.32 | Revenue CAGR: 12.07% | SUE: 0.21 | # QB: 0
EPS current Quarter (2027-03-31): EPS=3.41 | Chg30d=-1.41% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=12.75 | Chg30d=-0.24% | Revisions=-17% | GrowthEPS=-34.5% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=15.11 | Chg30d=+0.22% | Revisions=+0% | GrowthEPS=+18.5% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -18% (up=3, down=5)