Company Breakdown 🔎

🟡 #Softcat leads with strong ROIC supported by an asset-light model, though recent revenue growth is negative.
🔴 #SAP shows slow growth and shrinking margins, with ROIC only slightly above WACC – hardly standout territory.

(2/5)

2020–2024 outcomes:

🟢 #Softcat — margins doubled despite falling revenue; pure cost discipline.
🟢 #Vitec — steady revenue growth and expanding margins.
🔴 #SAP — eroding margins, yet share price still rides #Nasdaq ’s wave.
🟡 #SageGroup — profits under siege; moats shrinking fast.

(2/5)