Vitec Software Group AB Class B (SE:VIT.B)
:VIT.B
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Vitec Software Group AB Class B
(VIT.B)
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Select Model
Rating:60Neutral
Price Target:
kr230.00
▼(-34.73% Downside)
Action:ReiteratedDate:02/08/26
The score is supported primarily by strong financial performance (growth, profitability, and cash generation), but is pulled down materially by weak technicals (price below key moving averages and negative MACD). Valuation is mid-range, with a moderate P/E and modest dividend yield providing limited offset.
Positive Factors
Recurring vertical software model
Vitec’s focus on industry-specific, business-critical vertical software with subscriptions/maintenance creates predictable recurring revenues and high customer stickiness. That model supports durable cash flow, smoother revenue visibility, and a repeatable base for cross-sell and margin expansion over 2–6 months and beyond.
Negative Factors
Rising absolute debt levels
Absolute debt has risen materially, increasing leverage and reducing financial flexibility. Even with moderate debt-to-equity, higher nominal debt raises interest and refinancing risk and constrains the company’s capacity to pursue opportunistic M&A or weather slower growth without additional funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring vertical software model
Vitec’s focus on industry-specific, business-critical vertical software with subscriptions/maintenance creates predictable recurring revenues and high customer stickiness. That model supports durable cash flow, smoother revenue visibility, and a repeatable base for cross-sell and margin expansion over 2–6 months and beyond.
Read all positive factors
Vitec Software Group AB Class B (VIT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr8.85B
Dividend Yield1.14%
Average Volume (3M)50.09K
Price to Earnings (P/E)28.2
Beta (1Y)0.69
Revenue Growth14.41%
EPS Growth-4.45%
CountrySE
Employees1,660
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.41
Shares Outstanding37,400,290
10 Day Avg. Volume42,172
30 Day Avg. Volume50,091
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)13.21
Revenue Forecast (FY)kr3.96B
Vitec Software Group AB Class B Business Overview & Revenue Model
Company Description
Vitec Software Group AB Class B (VIT.B) is a Swedish software company specializing in the development of software solutions for various industries, including media, broadcasting, and public sector organizations. The company operates through multip...
How the Company Makes Money
Vitec primarily makes money by selling and operating vertical software products on a recurring basis. A core revenue stream is ongoing fees from software customers, typically through subscriptions and/or maintenance and support agreements that pro...
Vitec Software Group AB Class B Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
68
Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.63B | 3.33B | 2.78B | 1.98B | 1.57B |
| Gross Profit | 718.77M | 1.23B | 1.05B | 1.19B | 751.44M |
| EBITDA | 1.29B | 1.32B | 940.05M | 620.70M | 496.64M |
| Net Income | 435.36M | 410.10M | 339.18M | 244.87M | 206.94M |
Balance Sheet | |||||
| Total Assets | 10.27B | 10.08B | 7.83B | 6.32B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 416.51M | 243.55M | 171.85M | 615.79M | 119.85M |
| Total Debt | 2.92B | 2.54B | 2.26B | 1.63B | 873.76M |
| Total Liabilities | 5.43B | 5.18B | 4.42B | 3.11B | 1.76B |
| Stockholders Equity | 4.84B | 4.91B | 3.41B | 3.21B | 1.99B |
Cash Flow | |||||
| Free Cash Flow | 1.08B | 546.46M | 341.45M | 278.02M | 259.83M |
| Operating Cash Flow | 1.11B | 949.04M | 718.40M | 563.37M | 488.02M |
| Investing Cash Flow | -1.18B | -1.96B | -1.68B | -1.44B | -1.51B |
| Financing Cash Flow | 266.87M | 1.10B | 489.91M | 1.34B | 1.02B |
Vitec Software Group AB Class B Technical Analysis
Negative
352.40
Price Trends
243.25
Negative
274.19
Negative
328.03
Negative
Market Momentum
-6.82
Positive
38.87
Neutral
13.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VIT.B, the sentiment is Negative. The current price of 352.4 is above the 20-day moving average (MA) of 233.40, above the 50-day MA of 243.25, and above the 200-day MA of 328.03, indicating a bearish trend. The MACD of -6.82 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 13.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr2.70B | 34.18 | 32.28% | 1.41% | 11.23% | 16.24% | |
60 Neutral | kr8.85B | 28.24 | 8.26% | 1.14% | 14.41% | -4.45% | |
55 Neutral | kr1.21B | 2.92 | ― | 1.92% | -8.38% | -38.17% | |
55 Neutral | kr1.07B | 27.75 | ― | ― | 0.86% | 73.68% | |
52 Neutral | kr1.33B | -0.52 | -50.59% | ― | -21.66% | ― | |
44 Neutral | kr2.07B | -17.17 | ― | ― | 10.25% | -698.93% |
* Technology Sector Average
SE:VIT.B
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Vitec Software Group AB Class B Corporate Events
Vitec raises SEK 700 million in bond issue to fund software acquisitions
Feb 11, 2026
Vitec Software Group has issued SEK 700 million in senior unsecured notes with a four-year tenor under its existing MTN programme, carrying a floating rate of three-month STIBOR plus 1.60%. The notes, which attracted strong investor demand, are in...
Vitec Proposes New Board Members as It Expands Governance for Growth
Feb 9, 2026
Vitec Software Group’s Nomination Committee has proposed the election of Jonas Ahlberg of Lagercrantz Group and former Hexpol CFO Karin Gunnarsson to its Board of Directors at the April 28, 2026 Annual General Meeting, as part of a long-runn...
Vitec Grows Recurring Revenue and Cash Flow in 2025 Despite Margin Pressure
Feb 6, 2026
Vitec Software Group reported solid top-line growth for 2025, with net sales rising 9% to SEK 3,633 million and recurring revenues up 11% to SEK 3,204 million, underscoring the strength of its subscription-based business model. However, profitabil...
Vitec Bolsters Energy and Real Estate Software Portfolio With Infometric Acquisition
Feb 2, 2026
Vitec Software Group has strengthened its position in vertical market software by acquiring 80% of Swedish firm Infometric AB, a market leader in systems for metering, analyzing and billing energy, water and temperature consumption in the housing ...
Vitec boosts vertical software portfolio with majority stake in Dutch firm Autonet
Jan 29, 2026
Vitec Software Group has reinforced its position in the vertical market software segment by acquiring a 75% stake in Dutch firm Autonet, a market leader in mission-critical software for the automotive dismantling sector in the Netherlands and Belg...
Vitec to Present 2025 Year-End Results in February Webcast
Jan 16, 2026
Vitec Software Group has announced that it will publish its year-end report for the 2025 financial year on 6 February 2026, followed by an English-language webcast presentation hosted by CEO Olle Backman and Head of Investor Relations Patrik Frans...
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.