Obermatt

Softcat

LSE:SCT · GB00BYZDVK82
IT ServicesMedium

360

83
EV / EBIT13
Price / Owner Earnings20
Owner Earnings Yield25
Dividend Yield63
Price/Sales11
EV / Gross Profit38
Price/Book1
Return on Capital99
Cash Return on Capital96
Return on Equity96
EBIT Margin62
Gross Profitability88
Cash Conversion43
Accruals75
Owner Earnings Margin54
Sales growth88
Profit Growth73
Long-Term EPS Growth64
Owner Earnings Growth76
Reinvestment10
Price momentum71
Debt load77
Refinancing41
Debt Payback100
Liquidity98
Analyst ratings39
Opinion Changes50
Price Target Upside12
Market mood100
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Softcat generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUK
IndustryIT Services
SizeMedium
TypePublic Company
ExchangeLSE
Founded1987
Employees2,855
ISINGB00BYZDVK82
Last UpdateApr 2, 2026
Themes
Virtual DesktopCloud Data ServicesCloud ManagementIaaS (Infrastructure as a Service)Cloud InfrastructureNetwork SecurityInformation TechnologyIT Infrastructure

Description

Analysis

Beloved champion

Softcat plc is a beloved champion: its quality is genuine, and the market already prices it as exceptional. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 25.7× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 10% yearly growth; analysts expect 10%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
98
2023202420252026

All-time high

98

Jun 2026

All-time low

7

Jan 2023

Average rank

71

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
11
13
13
21
Price/Earnings
9
20
19
19
Price/Book
1
3
1
3
Dividend Yield
63
72
63
70
Value (overall)
7
9
11
14

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →