Want to see SE:VIT.B full AI Analyst Report?
Top Page
Vitec Software Group AB Class B
(VIT.B)
Select Model
Select Model
Rating:71Outperform
Price Target:
kr332.00
▲(30.40% Upside)
Action:Reiterated
Date:10/24/26
The score is primarily supported by strong financial performance (rapid TTM revenue growth, healthy operating profitability, and solid free cash flow), but tempered by rising leverage and recent gross margin compression. Technically the trend is positive, yet overbought indicators increase near-term downside risk, while valuation appears moderately expensive with a modest dividend yield.
Positive Factors
Revenue growth and profitability
Strong TTM revenue growth combined with healthy EBIT and net margins indicates effective scaling and operating discipline. If this performance persists, Vitec can expand its earnings base while retaining resources to invest in products, customer relationships, and future growth.
Negative Factors
Rising leverage
The sustained rise in debt-to-equity shows greater reliance on debt funding and reduces financial flexibility if growth moderates. Although the balance sheet is not described as stressed, higher leverage can increase sensitivity to earnings pressure and constrain future capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and profitability
Strong TTM revenue growth combined with healthy EBIT and net margins indicates effective scaling and operating discipline. If this performance persists, Vitec can expand its earnings base while retaining resources to invest in products, customer relationships, and future growth.
Read all positive factors
Vitec Software Group AB Class B (VIT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr12.41B
Dividend Yield1.17%
Average Volume (3M)92.52K
Price to Earnings (P/E)26.2
Beta (1Y)0.70
Revenue Growth5.55%
EPS Growth18.93%
CountrySE
Employees1,870
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)11.89
Shares Outstanding37,400,290
10 Day Avg. Volume116,669
30 Day Avg. Volume92,523
Financial Highlights & Ratios
PEG Ratio13.79
Price to Book (P/B)2.54
Price to Sales (P/S)3.38
P/FCF Ratio11.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.56
Revenue Forecast (FY)kr3.73B
Vitec Software Group AB Class B Business Overview & Revenue Model
Company Description
Vitec Software Group AB (publ), established in 1985 and headquartered in Umeå, Sweden, specializes in the development and delivery of niche software solutions for a wide range of vertical markets. The company's operations span the Nordic countries...
How the Company Makes Money
Vitec Software Group AB primarily generates revenue by selling and operating vertical software products designed for specific industries and professional segments. A major part of its earnings typically comes from recurring revenue tied to ongoing...
Vitec Software Group AB Class B Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.80B | 3.63B | 3.33B | 2.78B | 1.98B | 1.57B |
| Gross Profit | 979.42M | 918.73M | 1.23B | 1.40B | 996.81M | 751.44M |
| EBITDA | 1.48B | 1.29B | 1.32B | 1.07B | 713.90M | 568.94M |
| Net Income | 470.87M | 435.36M | 410.10M | 339.18M | 244.87M | 206.94M |
Balance Sheet | ||||||
| Total Assets | 11.67B | 10.27B | 10.08B | 7.83B | 6.32B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 549.46M | 416.51M | 243.55M | 171.85M | 615.79M | 119.85M |
| Total Debt | 3.74B | 3.04B | 2.54B | 2.26B | 1.63B | 873.76M |
| Total Liabilities | 6.31B | 5.43B | 5.18B | 4.42B | 3.11B | 1.76B |
| Stockholders Equity | 5.35B | 4.84B | 4.91B | 3.41B | 3.21B | 1.99B |
Cash Flow | ||||||
| Free Cash Flow | 919.18M | 1.08B | 546.46M | 341.45M | 278.02M | 259.83M |
| Operating Cash Flow | 1.17B | 1.11B | 949.04M | 718.40M | 563.37M | 488.02M |
| Investing Cash Flow | -1.76B | -1.18B | -1.96B | -1.68B | -1.44B | -1.51B |
| Financing Cash Flow | 835.50M | 266.87M | 1.10B | 489.91M | 1.34B | 1.02B |
Vitec Software Group AB Class B Technical Analysis
Positive
254.60
Price Trends
272.01
Positive
251.55
Positive
250.62
Positive
Market Momentum
12.33
Negative
68.68
Neutral
72.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VIT.B, the sentiment is Positive. The current price of 254.6 is below the 20-day moving average (MA) of 287.29, below the 50-day MA of 272.01, and above the 200-day MA of 250.62, indicating a bullish trend. The MACD of 12.33 indicates Negative momentum. The RSI at 68.68 is Neutral, neither overbought nor oversold. The STOCH value of 72.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VIT.B.
Vitec Software Group AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | kr3.68B | 29.97 | 32.20% | 1.54% | 8.57% | 17.98% | |
77 Outperform | kr484.95M | 17.78 | ― | 7.55% | 11.34% | 40.60% | |
71 Outperform | kr12.41B | 26.17 | 9.27% | 1.17% | 5.55% | 18.93% | |
68 Neutral | kr1.80B | 47.07 | ― | 15.83% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | kr494.48M | -24.93 | ― | ― | 21.86% | 74.32% |
* Technology Sector Average
SE:VIT.B
Vitec Software Group AB Class B
311.20
-40.85
-11.60%
SE:LIME
Lime Technologies AB
276.00
-70.08
-20.25%
SE:UPSALE
Upsales Technology AB
28.80
-2.61
-8.31%
SE:ONEF
Oneflow AB
17.45
-8.55
-32.88%
SE:CARA
Carasent AB
26.95
1.35
5.27%
Vitec Software Group AB Class B Corporate Events
Vitec Software Delivers Double-Digit Growth and Reshapes Leadership for Long-Term Expansion
Oct 23, 2026
Vitec Software Group reported a solid third quarter, with net sales rising 15% to SEK 909 million and recurring revenue up 13% to SEK 801 million, maintaining an EBITA margin around 30%. Strong cost discipline kept headcount stable while revenues ...
Vitec Software Group Launches Share Buyback to Support Employee Programs
Oct 23, 2026
Vitec Software Group AB’s board has resolved to repurchase up to 200,000 of its own Class B shares on Nasdaq Stockholm, equivalent to about 0.5 percent of the company’s total share count. The move is intended to secure share delivery f...
Vitec boosts healthcare software portfolio with acquisition of Dutch firm AtermIT
Oct 6, 2026
Vitec Software Group has expanded its vertical market software portfolio by acquiring Dutch firm AtermIT Holding B.V., a specialist in maternity and post-natal care software. AtermIT, founded in 2012 and based in Lelystad, generated pro-forma reve...
Vitec buys Finnish recycling software firm ZMartek to bolster waste management unit
Oct 2, 2026
Vitec Software Group AB has expanded its waste management software offering in Finland with the cash acquisition of ZMartek Oy, an ERP specialist for the recycling industry. ZMartek’s Reccu solution supports waste-to-energy and landfill oper...
Vitec Software Group Schedules Webcast for Q3 2026 Interim Report
Oct 1, 2026
Vitec Software Group AB will publish its interim report for January–September 2026 on October 23, with a live English-language webcast presentation later that morning. The session, hosted by CEO Olle Backman and Head of Investor Relations Pa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.