Softcat (GB:SCT)
LSE:SCT
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Softcat
(LSE:SCT)
Select Model
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Rating:75Outperform
Price Target:
1,356.00 p
▲(12.53% Upside)
Action:UpgradedDate:12/07/25
Softcat's strong financial performance and positive corporate events are the most significant factors driving the score. However, technical indicators suggest caution due to bearish trends, and the valuation is moderate. The absence of recent earnings call data limits insights into management's current outlook.
Positive Factors
Revenue Growth Momentum
Sustained high revenue growth (40.1% in the latest year) indicates durable demand for Softcat’s reseller, cloud subscription and services mix. Over 2-6 months this supports scale benefits, stronger vendor leverage and repeatable account expansion tied to customers’ ongoing IT transformations.
Negative Factors
Revenue Volatility
Historic revenue volatility reflects sensitivity to timing of large vendor deals and corporate IT spending cycles. Over a multi-month horizon this complicates forecasting and can lead to uneven margin and cash profiles, challenging capital allocation and investor visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained high revenue growth (40.1% in the latest year) indicates durable demand for Softcat’s reseller, cloud subscription and services mix. Over 2-6 months this supports scale benefits, stronger vendor leverage and repeatable account expansion tied to customers’ ongoing IT transformations.
Read all positive factors
Softcat (SCT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.38B
Dividend Yield2.05%
Average Volume (3M)346.08K
Price to Earnings (P/E)10.9
Beta (1Y)0.28
Revenue Growth51.50%
EPS Growth11.62%
CountryUK
Employees2,509
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.33
Shares Outstanding196,840,450
10 Day Avg. Volume356,983
30 Day Avg. Volume346,082
Financial Highlights & Ratios
PEG Ratio2.10
Price to Book (P/B)9.63
Price to Sales (P/S)2.24
P/FCF Ratio23.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,490.00Price Target Upside23.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.75
Revenue Forecast (FY)£1.49B
Softcat Business Overview & Revenue Model
Company Description
Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, n...
How the Company Makes Money
Softcat makes money primarily by selling third-party technology products and subscriptions and by providing associated services. Its core revenue streams include: (1) Product and licensing resale: earning revenue from reselling vendor hardware (e....
Softcat Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.75B | 1.46B | 962.63M | 985.30M | 1.08B | 784.05M |
| Gross Profit | 539.56M | 490.73M | 417.75M | 372.31M | 326.65M | 276.06M |
| EBITDA | 208.80M | 190.74M | 166.47M | 147.02M | 143.61M | 124.24M |
| Net Income | 141.09M | 133.01M | 119.04M | 112.03M | 110.41M | 96.19M |
Balance Sheet | ||||||
| Total Assets | 1.21B | 1.19B | 780.75M | 647.72M | 672.06M | 497.36M |
| Cash, Cash Equivalents and Short-Term Investments | 206.01M | 182.28M | 158.45M | 122.62M | 97.32M | 101.72M |
| Total Debt | 37.40M | 35.19M | 10.36M | 9.76M | 6.67M | 8.30M |
| Total Liabilities | 919.96M | 853.14M | 482.71M | 396.28M | 460.96M | 318.21M |
| Stockholders Equity | 286.09M | 338.78M | 298.04M | 251.44M | 211.10M | 179.14M |
Cash Flow | ||||||
| Free Cash Flow | 192.72M | 136.28M | 120.27M | 102.79M | 78.89M | 85.01M |
| Operating Cash Flow | 203.52M | 148.06M | 115.61M | 106.04M | 84.11M | 91.48M |
| Investing Cash Flow | -19.42M | -23.37M | -1.35M | -3.25M | -5.22M | -6.46M |
| Financing Cash Flow | -116.30M | -98.15M | -78.42M | -77.28M | -86.86M | -63.43M |
Softcat Technical Analysis
Negative
1205.00
Price Trends
1232.66
Negative
1339.20
Negative
1462.82
Negative
Market Momentum
3.08
Negative
52.07
Neutral
58.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SCT, the sentiment is Negative. The current price of 1205 is above the 20-day moving average (MA) of 1174.95, below the 50-day MA of 1232.66, and below the 200-day MA of 1462.82, indicating a neutral trend. The MACD of 3.08 indicates Negative momentum. The RSI at 52.07 is Neutral, neither overbought nor oversold. The STOCH value of 58.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SCT.
Softcat Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.38B | 10.91 | 42.93% | 2.05% | 51.50% | 11.62% | |
72 Outperform | £50.55M | 14.63 | 38.65% | 2.69% | 30.01% | 138.65% | |
69 Neutral | £51.13M | 15.19 | 12.27% | ― | 20.40% | ― | |
68 Neutral | £3.02B | 20.00 | 17.42% | 2.43% | 21.86% | 0.86% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £183.21M | 18.70 | 4.57% | 3.01% | -31.46% | 297.44% | |
51 Neutral | £117.21M | 25.88 | 10.20% | 13.93% | -27.01% | -49.07% |
* Technology Sector Average
GB:SCT
Softcat
1,213.00
-377.49
-23.73%
GB:CCC
Computacenter
2,878.00
455.87
18.82%
GB:FDM
FDM Group (Holdings)
107.20
-129.70
-54.75%
GB:RCN
Redcentric
115.00
-8.00
-6.50%
GB:TRD
Triad Group plc
290.00
-36.70
-11.23%
GB:MTEC
Made Tech Group PLC
34.25
8.50
33.01%
Softcat Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Softcat lifts profit guidance after AI-driven first-half surge
Positive
Mar 18, 2026
Softcat reported an exceptionally strong first half to 31 January 2026, with gross invoiced income up 33.3%, gross profit rising 22.6% and underlying operating profit increasing 27.3%, supported by robust cash generation and a net cash position of...
Regulatory Filings and Compliance
Softcat Executives Report Share Purchases Under Incentive Plan
Neutral
Mar 11, 2026
Softcat has disclosed that its chief executive officer Graham Charlton and chief financial officer Katy Mecklenburgh each purchased ordinary shares under the company’s Share Incentive Plan. The transactions, involving small acquisitions of p...
Regulatory Filings and Compliance
Softcat Updates Total Voting Rights and Share Capital
Neutral
Mar 2, 2026
Softcat has confirmed that as of 27 February 2026 its issued share capital comprises 196,840,451 ordinary shares of £0.0005 each, all of which carry voting rights and none of which are held in treasury. This updated share count serves as the ...
Business Operations and StrategyFinancial Disclosures
Softcat Sets Date for Half-Year 2026 Results and Investor Webcast
Neutral
Feb 27, 2026
Softcat plc has announced it will publish its financial results for the six months to 31 January 2026 on Wednesday 18 March 2026, providing investors and analysts with an update on its recent trading performance. The company will host a virtual br...
Stock BuybackRegulatory Filings and Compliance
Softcat Completes £45 Million Share Buyback, Cuts Share Count
Positive
Feb 16, 2026
Softcat has completed its previously announced share buyback programme, repurchasing 3,352,161 ordinary shares for a total consideration of about £45 million, representing 1.67% of its issued share capital at the programme’s start. All ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels Newly Repurchased Shares as Buyback Programme Progresses
Positive
Feb 13, 2026
Softcat has continued to execute its previously announced share buyback programme, repurchasing 50,943 ordinary shares on 13 February 2026 via J.P. Morgan Securities at prices between 1,134p and 1,150p, with a weighted average price of 1,142.4895p...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels 206,900 Shares in Ongoing Buy-Back Programme
Positive
Feb 12, 2026
Softcat has repurchased 206,900 ordinary shares on the London Stock Exchange as part of the share buy-back programme it launched in early January, paying a weighted average price of 1,160.4280 pence and using J.P. Morgan Securities as its broker. ...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 200,019 Shares Under Ongoing Buyback Programme
Positive
Feb 11, 2026
Softcat has repurchased 200,019 ordinary shares on the London Stock Exchange as part of its previously announced share buyback programme, paying prices between 1,123p and 1,146p per share, with a weighted average of 1,132.5841p. The company plans ...
Business Operations and StrategyStock Buyback
Softcat Cancels 189,200 Shares After Latest Buy-Back Tranche
Positive
Feb 10, 2026
Softcat has repurchased 189,200 ordinary shares on the London Stock Exchange as part of its previously announced share buy-back programme, at prices ranging from 1,138p to 1,161p and a weighted average price of 1,151.9592p. The company will cancel...
Regulatory Filings and Compliance
Softcat CEO and CFO acquire shares under incentive plan
Neutral
Feb 10, 2026
Softcat has disclosed small share purchases by its chief executive Graham Charlton and chief financial officer Katy Mecklenburgh under the company’s Share Incentive Plan. Both executives acquired 13 ordinary shares each at 1,172p on 9 Februa...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 180,900 Shares in Ongoing Buyback Programme
Positive
Feb 9, 2026
Softcat has continued its previously announced share buyback programme, repurchasing 180,900 ordinary shares on 9 February 2026 via J.P. Morgan Securities at prices between 1,151p and 1,195p, with a weighted average price of 1,167.8047p. The compa...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Softcat Cancels 169,440 Shares Under Ongoing Buy-Back Programme
Positive
Feb 6, 2026
Softcat has repurchased 169,440 of its ordinary shares on the London Stock Exchange, at prices ranging between 1,163p and 1,202p per share and a weighted average price of 1,178.5986p, as part of the share buy-back programme initiated in January 20...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels 162,300 Shares Under Ongoing Buy-Back Programme
Positive
Feb 5, 2026
Softcat plc has repurchased 162,300 of its ordinary shares on the London Stock Exchange on 5 February 2026 through J.P. Morgan Securities as part of its ongoing share buy-back programme announced in early January. The shares were bought at prices ...
Business Operations and StrategyStock Buyback
Softcat Cancels Latest Tranche in Ongoing Buyback
Positive
Feb 4, 2026
Softcat cancelled 152,300 shares bought back on 4 February at a 1,286p average, continuing the January buyback mandate via J.P. Morgan to shrink its float. The move trims outstanding stock to 198 million shares, offering investors increased per-sh...
Business Operations and StrategyStock Buyback
Softcat Cancels Newly Repurchased Shares as Buy-Back Programme Progresses
Positive
Feb 3, 2026
Softcat has continued to execute its previously announced share buy-back programme, repurchasing 166,500 ordinary shares on 3 February 2026 via J.P. Morgan Securities at prices between 1,380p and 1,449p, with a weighted average price of about 1,41...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 162,200 Shares as Buyback Programme Progresses
Positive
Feb 2, 2026
Softcat plc has continued its recently announced share buyback programme by repurchasing 162,200 ordinary shares on 2 February 2026 via J.P. Morgan Securities at prices between 1,429p and 1,452p, with a weighted average price of 1,442.8131p. The c...
Regulatory Filings and Compliance
Softcat Confirms Total Voting Rights at 198.4 Million Shares
Neutral
Feb 2, 2026
Softcat plc has confirmed that, as of 30 January 2026, its issued share capital comprises 198,446,240 ordinary shares of £0.0005 each, all of which carry voting rights and none of which are held in treasury. This disclosure, made in line with...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels Further Shares After Latest Buy-Back Tranche
Neutral
Jan 30, 2026
Softcat plc has repurchased 152,188 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities as part of the share buy-back programme announced earlier in January, at prices between 1,398p and 1,439p per share and a weight...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 147,200 Shares Under Ongoing Buy-Back Programme
Positive
Jan 29, 2026
Softcat plc has repurchased 147,200 of its ordinary shares on the London Stock Exchange on 29 January 2026 via J.P. Morgan Securities, at prices between 1,405p and 1,432p per share, as part of its ongoing share buy-back programme. The company inte...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Continues Buyback, Cancels Further 139,610 Shares
Positive
Jan 28, 2026
Softcat has continued its previously announced share buyback programme by repurchasing 139,610 ordinary shares on 28 January 2026 through J.P. Morgan Securities at prices ranging between 1,420p and 1,435p, with a weighted average price of 1,427.63...
Business Operations and StrategyStock Buyback
Softcat Cancels 123,918 Shares After Latest Buy-Back Transaction
Positive
Jan 27, 2026
Softcat has repurchased 123,918 of its ordinary shares on the London Stock Exchange via J.P. Morgan Securities as part of the share buy-back programme launched earlier in January, at prices between 1,412p and 1,441p per share and a weighted averag...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Softcat Cancels Newly Repurchased Shares Under Ongoing Buy-Back Programme
Positive
Jan 26, 2026
Softcat has repurchased 117,305 of its ordinary shares on the London Stock Exchange on 26 January 2026 via J.P. Morgan Securities as part of its ongoing share buy-back programme, at prices ranging between 1,380p and 1,414p and a weighted average p...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 112,400 Shares as Buy-Back Programme Progresses
Positive
Jan 23, 2026
Softcat plc has continued to execute its previously announced share buy-back programme, repurchasing 112,400 ordinary shares on 23 January 2026 via J.P. Morgan Securities at prices between 1,392p and 1,406p, with a weighted average price of 1,400....
Business Operations and StrategyStock Buyback
Softcat Continues Share Buy-Back, Cuts Share Count to 199.2m
Positive
Jan 22, 2026
Softcat plc has continued to execute its previously announced share buy-back programme, repurchasing 105,623 ordinary shares on 22 January 2026 through J.P. Morgan Securities at prices between 1,396p and 1,425p, with a weighted average price of 1,...
Business Operations and StrategyStock Buyback
Softcat Cancels Newly Repurchased Shares Under Ongoing Buy-Back Programme
Positive
Jan 21, 2026
Softcat plc has continued executing its previously announced share buy-back programme, repurchasing 96,508 ordinary shares on 21 January 2026 via J.P. Morgan Securities at prices ranging between 1,385p and 1,407p, with a weighted average price of ...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels Latest Tranche of Shares Under Ongoing Buy-Back Programme
Positive
Jan 20, 2026
Softcat has repurchased 96,762 of its ordinary shares on the London Stock Exchange via J.P. Morgan Securities as part of the share buy-back programme launched on 8 January 2026, at prices ranging between 1,394p and 1,425p and a weighted average of...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 92,600 Shares After Latest Buy-Back Purchase
Positive
Jan 19, 2026
Softcat plc has continued to execute its previously announced share buy-back programme, purchasing 92,600 ordinary shares on 19 January 2026 through J.P. Morgan Securities at prices ranging between 1,416p and 1,450p, with a weighted average of 1,4...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels 90,500 Shares as Buy-Back Programme Progresses
Positive
Jan 16, 2026
Softcat plc has continued its share buy-back programme, repurchasing 90,500 ordinary shares on 16 January 2026 via J.P. Morgan Securities at prices between 1,452p and 1,468p, with a weighted average price of 1,460.6441p per share. The company inte...
Business Operations and StrategyStock Buyback
Softcat Continues Share Buyback, Cancels 86,874 Shares
Positive
Jan 15, 2026
Softcat has repurchased 86,874 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities as part of its ongoing share buyback programme, at prices ranging between 1,447p and 1,464p and a weighted average price of 1,456.934...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels New Tranche of Shares Under Ongoing Buyback Programme
Positive
Jan 14, 2026
Softcat plc has repurchased 84,850 of its ordinary shares on the London Stock Exchange on 14 January 2026, at prices ranging between 1,444p and 1,474p per share, as part of the share buyback programme launched earlier in January. The shares, bough...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels Further Shares Under Ongoing Buy-Back Programme
Positive
Jan 13, 2026
Softcat plc has continued execution of its recently announced share buy-back programme, repurchasing 81,252 ordinary shares on 13 January 2026 via J.P. Morgan Securities at prices between 1,461p and 1,487p, with a weighted average price of 1,475.3...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Softcat Cancels 84,600 Shares Under Ongoing Buy-Back Programme
Positive
Jan 12, 2026
Softcat plc has repurchased 84,600 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities as part of the share buy-back programme launched on 8 January 2026, paying a weighted average price of 1,482.9868p per share. The...
Stock BuybackRegulatory Filings and Compliance
Softcat Cancels 56,402 Shares Under Ongoing Buy-Back Programme
Positive
Jan 9, 2026
Softcat has repurchased 56,402 of its ordinary shares on the London Stock Exchange via J.P. Morgan Securities as part of the share buy-back programme launched on 8 January 2026, at prices between 1,465p and 1,473p per share and a weighted average ...
Business Operations and StrategyStock Buyback
Softcat Cancels 42,867 Shares After Launching New Buy-Back Programme
Positive
Jan 8, 2026
Softcat plc has continued its capital management strategy by repurchasing 42,867 of its ordinary shares on 8 January 2026 through J.P. Morgan Securities as part of a newly announced share buy-back programme, at prices ranging between 1,437p and 1,...
Regulatory Filings and Compliance
Softcat CEO and CFO Acquire Shares Under Company Incentive Plan
Neutral
Jan 8, 2026
Softcat plc has announced that its chief executive Graham Charlton and chief financial officer Katy Mecklenburgh have each acquired a small number of ordinary shares in the company through its Share Incentive Plan. The trades, conducted on the Lon...
Business Operations and StrategyStock Buyback
Softcat Launches £45 Million Share Buyback Programme
Positive
Jan 8, 2026
Softcat has launched a share buyback programme of up to £45 million to repurchase and cancel its ordinary shares, starting on 8 January 2026 and expected to complete in the first half of the year. The initiative, conducted via a non-discretio...
Regulatory Filings and Compliance
Softcat Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026
Softcat plc has announced that, as of 31 December 2025, its issued share capital comprises 200,149,223 ordinary shares of £0.0005 each, all carrying voting rights and with no shares held in treasury. This disclosure sets the official total nu...
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.