Added to YB: 2026-02-11
Pitch date: 2026-02-09
VIT-B.ST [bullish]
Vitec Software Group AB (publ)
-7.48%
current return
Author Info
No bio for this author
Company Info
Vitec Software Group AB (publ) develops and delivers vertical market software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.
Market Cap
SEK 10.3B
Pitch Price
SEK 262.20
Price Target
N/A
Dividend
1.42%
EV/EBITDA
9.68
P/E
23.65
EV/Sales
3.57
Sector
Software
Category
growth
Vitec Software: Is Claude Code the VMS Killer?
VIT-B.ST (watchlist): Swedish VMS consolidator trading at discount amid 'SaaSpocalypse' fears. 88% recurring revenue, SEK 1.1B OCF, 17% growth. Portfolio analysis shows regulated verticals (pharmacy, energy, healthcare) defensible vs AI agents due to compliance/liability barriers. 2B SEK dry powder for M&A at compressed valuations. Margins compressed to 26% but recovering with AI productivity tools. 23 consecutive dividend increases signals mgmt confidence. Base case: 10-15% annual returns as AI becomes productivity enhancer vs disruptor.
Read full article (21 min)