Vitec Software Group AB (publ) (VIT-B) - Net Assets
Based on the latest financial reports, Vitec Software Group AB (publ) (VIT-B) has net assets worth Skr5.05 Billion SEK (≈ $543.08 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr11.81 Billion ≈ $1.27 Billion USD) and total liabilities (Skr6.76 Billion ≈ $727.47 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Vitec Software Group AB (publ) tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr5.05 Billion |
| % of Total Assets | 42.74% |
| Annual Growth Rate | 30.36% |
| 5-Year Change | 143.52% |
| 10-Year Change | 1349.35% |
| Growth Volatility | 33.57 |
Vitec Software Group AB (publ) - Net Assets Trend (2008–2025)
This chart illustrates how Vitec Software Group AB (publ)'s net assets have evolved over time, based on quarterly financial data. See Vitec Software Group AB (publ) liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vitec Software Group AB (publ) (2008–2025)
The table below shows the annual net assets of Vitec Software Group AB (publ) from 2008 to 2025. For live valuation and market cap data, see Vitec Software Group AB (publ) stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr4.84 Billion ≈ $521.28 Million |
-1.30% |
| 2024-12-31 | Skr4.91 Billion ≈ $528.15 Million |
+44.02% |
| 2023-12-31 | Skr3.41 Billion ≈ $366.72 Million |
+6.16% |
| 2022-12-31 | Skr3.21 Billion ≈ $345.42 Million |
+61.37% |
| 2021-12-31 | Skr1.99 Billion ≈ $214.06 Million |
+135.86% |
| 2020-12-31 | Skr843.35 Million ≈ $90.76 Million |
+11.05% |
| 2019-12-31 | Skr759.43 Million ≈ $81.73 Million |
+13.41% |
| 2018-12-31 | Skr669.63 Million ≈ $72.06 Million |
+68.18% |
| 2017-12-31 | Skr398.16 Million ≈ $42.85 Million |
+19.13% |
| 2016-12-31 | Skr334.21 Million ≈ $35.97 Million |
+23.08% |
| 2015-12-31 | Skr271.54 Million ≈ $29.22 Million |
+4.39% |
| 2014-12-31 | Skr260.13 Million ≈ $27.99 Million |
+53.37% |
| 2013-12-31 | Skr169.61 Million ≈ $18.25 Million |
+6.23% |
| 2012-12-31 | Skr159.66 Million ≈ $17.18 Million |
+15.61% |
| 2011-12-31 | Skr138.10 Million ≈ $14.86 Million |
+23.46% |
| 2010-12-31 | Skr111.86 Million ≈ $12.04 Million |
+27.24% |
| 2009-12-31 | Skr87.92 Million ≈ $9.46 Million |
+64.54% |
| 2008-12-31 | Skr53.43 Million ≈ $5.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vitec Software Group AB (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5314.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr1.72 Billion | 35.41% |
| Common Stock | Skr3.99 Million | 0.08% |
| Other Components | Skr3.12 Billion | 64.51% |
| Total Equity | Skr4.84 Billion | 100.00% |
Vitec Software Group AB (publ) Competitors by Market Cap
The table below lists competitors of Vitec Software Group AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aktia Bank Abp
HE:AKTIA
|
$891.71 Million |
|
MilDef Group AB
ST:MILDEF
|
$891.74 Million |
|
PennyMac Mortgage Investment Trust
NYSE:PMT
|
$891.92 Million |
|
Aoyuan Beauty Valley Technology Co Ltd
SHE:000615
|
$891.94 Million |
|
Shenzhen Sea Star Technology
SHE:002137
|
$891.55 Million |
|
Qiming Information Technology Co Ltd
SHE:002232
|
$891.37 Million |
|
Vulcabras Azaleia S.A
SA:VULC3
|
$891.24 Million |
|
Irish Continental Group PLC
IR:IR5B
|
$890.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vitec Software Group AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,907,752,000 to 4,843,924,000, a change of -63,828,000 (-1.3%).
- Net income of 435,364,000 contributed positively to equity growth.
- Dividend payments of 137,034,000 reduced retained earnings.
- Share repurchases of 47,709,000 reduced equity.
- Other comprehensive income decreased equity by 236,703,000.
- Other factors decreased equity by 77,746,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr435.36 Million | +8.99% |
| Dividends Paid | Skr137.03 Million | -2.83% |
| Share Repurchases | Skr47.71 Million | -0.98% |
| Other Comprehensive Income | Skr-236.70 Million | -4.89% |
| Other Changes | Skr-77.75 Million | -1.61% |
| Total Change | Skr- | -1.30% |
Book Value vs Market Value Analysis
This analysis compares Vitec Software Group AB (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 90.07x to 1.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Skr2.48 | Skr223.40 | x |
| 2009-12-31 | Skr3.40 | Skr223.40 | x |
| 2010-12-31 | Skr4.01 | Skr223.40 | x |
| 2011-12-31 | Skr4.84 | Skr223.40 | x |
| 2012-12-31 | Skr5.84 | Skr223.40 | x |
| 2013-12-31 | Skr6.02 | Skr223.40 | x |
| 2014-12-31 | Skr8.84 | Skr223.40 | x |
| 2015-12-31 | Skr9.12 | Skr223.40 | x |
| 2016-12-31 | Skr11.20 | Skr223.40 | x |
| 2017-12-31 | Skr13.48 | Skr223.40 | x |
| 2018-12-31 | Skr22.00 | Skr223.40 | x |
| 2019-12-31 | Skr23.46 | Skr223.40 | x |
| 2020-12-31 | Skr25.56 | Skr223.40 | x |
| 2021-12-31 | Skr57.97 | Skr223.40 | x |
| 2022-12-31 | Skr88.54 | Skr223.40 | x |
| 2023-12-31 | Skr91.14 | Skr223.40 | x |
| 2024-12-31 | Skr126.64 | Skr223.40 | x |
| 2025-12-31 | Skr121.96 | Skr223.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vitec Software Group AB (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.98%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.12x
- Recent ROE (8.99%) is below the historical average (16.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 22.01% | 8.63% | 1.10x | 2.32x | Skr6.42 Million |
| 2009 | 20.93% | 9.45% | 0.65x | 3.39x | Skr7.13 Million |
| 2010 | 16.24% | 4.74% | 1.08x | 3.17x | Skr5.77 Million |
| 2011 | 22.47% | 7.31% | 1.10x | 2.80x | Skr14.60 Million |
| 2012 | 20.58% | 8.44% | 0.91x | 2.69x | Skr16.90 Million |
| 2013 | 17.82% | 8.13% | 0.96x | 2.29x | Skr13.27 Million |
| 2014 | 18.86% | 9.97% | 0.64x | 2.97x | Skr23.05 Million |
| 2015 | 28.80% | 12.64% | 0.71x | 3.21x | Skr51.04 Million |
| 2016 | 19.99% | 9.89% | 0.62x | 3.28x | Skr33.39 Million |
| 2017 | 19.95% | 9.29% | 0.68x | 3.17x | Skr39.61 Million |
| 2018 | 14.47% | 9.53% | 0.61x | 2.50x | Skr29.96 Million |
| 2019 | 13.45% | 8.84% | 0.61x | 2.49x | Skr26.22 Million |
| 2020 | 19.06% | 12.24% | 0.59x | 2.62x | Skr76.38 Million |
| 2021 | 10.40% | 13.17% | 0.42x | 1.89x | Skr8.03 Million |
| 2022 | 7.63% | 12.38% | 0.31x | 1.97x | Skr-76.11 Million |
| 2023 | 9.95% | 12.21% | 0.35x | 2.30x | Skr-1.58 Million |
| 2024 | 8.36% | 12.30% | 0.33x | 2.05x | Skr-80.68 Million |
| 2025 | 8.99% | 11.98% | 0.35x | 2.12x | Skr-49.03 Million |
Industry Comparison
This section compares Vitec Software Group AB (publ)'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $110,911,147
- Average return on equity (ROE) among peers: -72.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vitec Software Group AB (publ) (VIT-B) | Skr5.05 Billion | 22.01% | 1.34x | $891.68 Million |
| 24SevenOffice Scandinavia AB (247) | $54.20 Million | -300.60% | 7.57x | $67.95 Million |
| eEducation Albert AB (ALBERT) | $44.99 Million | -62.83% | 0.19x | $12.17 Million |
| AppSpotr AB (APTR) | $1.95 Million | -95.69% | 0.49x | $28.96 Million |
| Better Collective (BETCO) | $435.27 Million | 9.15% | 1.15x | $766.93 Million |
| BIMobject AB (BIM) | $242.37 Million | -26.17% | 0.41x | $76.91 Million |
| Bambuser AB (BUSER) | $12.46 Million | 66.15% | 0.18x | $17.73 Million |
| CodeMill AB (CDMIL) | $48.59 Million | -28.16% | 0.71x | $22.21 Million |
| Crunchfish AB (CFISH) | $55.84 Million | -73.23% | 0.15x | $22.78 Million |
| ChargePanel AB (CHARGE) | $5.64 Million | -210.81% | 1.56x | $6.45 Million |
| Checkin.com Group AB (CHECK) | $207.78 Million | 1.67% | 0.16x | $8.52 Million |
About Vitec Software Group AB (publ)
Vitec Software Group AB (publ) develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally. The company offers software for laundry and textile rental; greenhouses, industry, and renewable energy; lubricants; taxi; welfare and healthcare; banking and finance; car dismantling; automotive, transportation and machiner… Read more