Professional
Added to YB: 2024-10-07
Pitch date: 2024-10-01
VIT-B.ST [neutral]
Vitec Software Group AB (publ)
-40.89%
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 13.6B
Pitch Price
SEK 517.68
Price Target
N/A
Dividend
1.06%
EV/EBITDA
13.05
P/E
34.04
EV/Sales
4.48
Sector
Software
Category
N/A
Protean Funds Scandinavia AB Portfolio Holding: Vitec Software Group AB
VIT-B.ST short idea: 2bn EUR market cap vertical software roll-up. High-margin B2B SaaS niches, but organic growth definition changed 8x in 8y. Low cash flow, strange ARR definition, odd acquisition. AI threat ignored in 20 quarterly calls. Expensive at 60x FCF despite structural risks & accounting issues.
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