Detection Technology

13.75 EUR

-1.08 %

DETEC

First North Finland

Medical Equipment & Services

Health Care

5,480 following

-1.08%

-20.29%

-19.83%

-19.12%

+0.36%

-4.51%

-50.18%

-47.72%

+171.2%

www.deetee.com

Detection Technology is a global solution and service provider of X-ray detectors for medical, security and industrial applications. The company's solutions range from sensor components to optimized detector systems with microcircuits, electronics, mechanics, software and algorithms. The company has offices in Finland, India, China, France and the USA. Detection Technology was founded in 1991 and has its headquarters in Espoo.

P/E (adj.) (24e)

16.23

EV/EBIT (adj.) (24e)

11.93

P/B (24e)

2.5

Dividend yield-% (24e)

3.36 %

Target price

19.00 EUR

Recommendation

Accumulate

Updated

29.10.2024

First North Finland

DETEC

Daily low / high price

13.45 / 13.95 EUR

Market cap

201.52M EUR

Turnover

98.81K EUR

Volume

7.3K

Business risk

Valuation risk

Current

Juha Kinnunen

Analyst

Latest videos

Detection Technology , Half-yearly report January–June 2024

2024-08-06

Detection Technology H2’23 – Thursday, Feb. 1 at 1:00 pm EET

2024-02-01

Detection Technology Q2'23 – Thursday, Aug. 3 at 1:00 pm EEST

2023-08-03

Financial calendar

Annual report

2025-02-06

General meeting

2025-03-27

Business review

2025-04-24

Interim report

2025-08-07

Business review

2025-10-30

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	81.6	89.8	98.6	103.8	107.4	115.3	129.1	143.3
growth-%	-20.4 %	10.1 %	9.8 %	5.3 %	3.4 %	7.4 %	11.9 %	11.0 %
EBITDA	12.0	13.9	9.0	11.8	17.4	20.4	24.3	27.3
EBIT (adj.)	8.9	10.6	6.1	9.7	15.0	17.8	21.7	24.4
EBIT	8.7	10.6	5.8	8.2	13.9	16.7	20.6	23.3
Profit before taxes	8.1	11.4	5.6	7.3	13.6	16.6	20.7	23.4
Net income	6.7	9.3	5.1	5.5	11.3	13.5	16.3	18.5
EPS (adj.)	0.48	0.64	0.37	0.47	0.85	1.00	1.19	1.34
growth-%	-47.6 %	32.4 %	-41.4 %	27.6 %	78.5 %	17.6 %	19.6 %	12.3 %
Dividend	0.28	0.35	0.20	0.23	0.46	0.55	0.67	0.76
Dividend ratio	59.8 %	55.1 %	57.3 %	61.1 %	60.0 %	60.0 %	60.0 %	60.0 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	14.7 %	15.4 %	9.2 %	11.3 %	16.2 %	17.7 %	18.9 %	19.1 %
EBIT-% (adj.)	10.9 %	11.8 %	6.2 %	9.3 %	14.0 %	15.5 %	16.8 %	17.0 %
EBIT-%	10.7 %	11.8 %	5.9 %	7.9 %	13.0 %	14.5 %	16.0 %	16.3 %
ROE	11.5 %	14.1 %	7.0 %	7.6 %	14.7 %	16.0 %	17.8 %	18.5 %
ROI	13.8 %	15.1 %	7.7 %	10.7 %	17.3 %	19.6 %	22.2 %	23.0 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	23.90	29.30	16.90	13.70	13.75	13.75	13.75	13.75
Shares	14.4	14.7	14.7	14.7	14.7	14.7	14.7	14.7
Market cap	343.6	429.4	247.7	200.8	201.5	201.5	201.5	201.5
Enterprise value	324.2	401.8	227.1	188.1	179.3	172.2	168.7	163.6
EV/S	4.0	4.5	2.3	1.8	1.7	1.5	1.3	1.1
EV/EBITDA	27.1	29.0	25.2	16.0	10.3	8.5	6.9	6.0
EV/EBIT (adj.)	36.5	38.0	37.0	19.5	11.9	9.7	7.8	6.7
EV/EBIT	37.2	38.0	39.1	22.9	12.9	10.3	8.2	7.0
P/E (adj.)	49.8	46.1	45.4	28.9	16.2	13.8	11.5	10.3
P/E	51.0	46.1	48.4	36.4	17.9	15.0	12.3	10.9
P/B	5.9	5.8	3.4	2.8	2.5	2.3	2.1	1.9
P/S	4.2	4.8	2.5	1.9	1.9	1.7	1.6	1.4
Dividend yield	1.2 %	1.2 %	1.2 %	1.7 %	3.4 %	4.0 %	4.9 %	5.5 %
Equity ratio	77.3 %	80.0 %	79.8 %	77.4 %	81.9 %	82.1 %	82.0 %	81.9 %
Gearing ratio	-33.1 %	-37.6 %	-28.3 %	-17.4 %	-27.5 %	-33.6 %	-34.3 %	-36.4 %

Quarter data

	Q4/23	2023	Q1/24	Q2/24	Q3/24	Q4/24e	2024e	Q1/25e	Q2/25e
Revenue	31.3	103.8	22.7	26.1	27.1	31.5	107.4	23.1	28.2
EBITDA	5.2	11.8	2.8	3.9	4.8	5.9	17.4	3.0	4.8
EBIT	4.3	8.2	2.0	3.0	3.9	5.0	13.9	2.1	3.9
Profit before taxes	4.3	7.3	2.0	2.6	3.9	5.1	13.6	2.1	3.9
Net income	3.6	5.5	1.6	2.2	3.2	4.2	11.3	1.7	3.1

ShowingAll content types

Regulatory press release10/29/2024, 7:00 AM

Detection Technology

13.75

EUR