Incap
11.74 EUR -1.01%5,722 investors are following this company
Incap operates in the industrial sector. The company supplies equipment and associated services for industrial companies, where the range includes PCB assembly, system integrations, box building integration, design validation, and inspection methods. The largest operations are in the Nordic countries, the Baltics, and Asia. The company was originally established in 1985 and is headquartered in Helsinki.
P/E (24e)
15.25
EV/EBIT (adj.) (24e)
10.49
P/B (24e)
2.68
Dividend yield-% (24e)
-
Target price
13.50 EUR
Recommendation
Accumulate
Updated
23.6.2024
NASDAQ Helsinki
ICP1V
Daily low / high price
11.55 / 11.8
EUR
Market cap
345.59M EUR
Turnover
264.62K EUR
Volume
23K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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Read the reportAnalyst
Antti Viljakainen
Head of Research
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Financial calendar
Interim report
2024-07-26
Interim report
2024-10-25
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Erkki Etola and controlled entities | 22.6 % | 22.6 % |
Nordea Life Assurance Finland Ltd. | 6.4 % | 6.4 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jr. David Spehar | 2024-03-21 | 4,910EUR |
Jr David Spehar | 2024-02-23 | 9,320EUR |
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Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 106.5 | 169.8 | 263.8 | 221.6 | 235.9 | 271.3 | 298.4 | 328.3 |
growth-% | 49.9 % | 59.4 % | 55.4 % | -16.0 % | 6.4 % | 15.0 % | 10.0 % | 10.0 % |
EBITDA | 15.9 | 29.3 | 42.8 | 32.8 | 35.1 | 39.9 | 44.1 | 48.5 |
EBIT (adj.) | 14.6 | 26.8 | 40.0 | 30.6 | 30.5 | 35.2 | 39.2 | 43.5 |
EBIT | 12.6 | 26.0 | 39.0 | 28.2 | 29.7 | 34.4 | 38.4 | 42.7 |
Profit before taxes | 11.5 | 25.7 | 36.7 | 26.4 | 29.3 | 34.1 | 38.4 | 43.2 |
Net income | 9.2 | 21.1 | 27.6 | 19.8 | 22.2 | 25.9 | 29.2 | 32.8 |
EPS (adj.) | 0.37 | 0.74 | 0.98 | 0.75 | 0.77 | 0.90 | 1.01 | 1.14 |
growth-% | 30.5 % | 97.9 % | 31.5 % | -23.4 % | 3.1 % | 17.4 % | 12.1 % | 12.3 % |
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
Dividend ratio | 20.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.0 % | 17.2 % | 16.2 % | 14.8 % | 14.9 % | 14.7 % | 14.8 % | 14.8 % |
EBIT-% (adj.) | 13.8 % | 15.8 % | 15.2 % | 13.8 % | 12.9 % | 13.0 % | 13.1 % | 13.3 % |
EBIT-% | 11.8 % | 15.3 % | 14.8 % | 12.7 % | 12.6 % | 12.7 % | 12.9 % | 13.0 % |
ROE | 30.6 % | 41.5 % | 36.7 % | 20.4 % | 18.8 % | 18.3 % | 17.2 % | 16.4 % |
ROI | 33.0 % | 42.4 % | 42.7 % | 22.7 % | 21.0 % | 21.8 % | 20.8 % | 20.0 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 3.69 | 15.70 | 17.10 | 7.75 | 11.74 | 11.74 | 11.74 | 11.74 |
Shares | 29.1 | 29.2 | 29.3 | 29.4 | 29.4 | 29.4 | 29.4 | 29.4 |
Market cap | 107.4 | 459.2 | 500.3 | 228.1 | 345.2 | 345.2 | 345.2 | 345.2 |
Enterprise value | 113.3 | 461.2 | 513.9 | 219.7 | 320.5 | 303.3 | 280.1 | 253.0 |
EV/S | 1.1 | 2.7 | 1.9 | 1.0 | 1.4 | 1.1 | 0.9 | 0.8 |
EV/EBITDA | 7.1 | 15.8 | 12.0 | 6.7 | 9.1 | 7.6 | 6.4 | 5.2 |
EV/EBIT (adj.) | 7.7 | 17.2 | 12.8 | 7.2 | 10.5 | 8.6 | 7.2 | 5.8 |
EV/EBIT | 9.0 | 17.8 | 13.2 | 7.8 | 10.8 | 8.8 | 7.3 | 5.9 |
P/E (adj.) | 9.8 | 21.2 | 17.5 | 10.4 | 15.3 | 13.0 | 11.6 | 10.3 |
P/E | 11.6 | 21.8 | 18.1 | 11.5 | 15.6 | 13.3 | 11.8 | 10.5 |
P/B | 2.8 | 7.3 | 5.7 | 2.1 | 2.7 | 2.2 | 1.9 | 1.6 |
P/S | 1.0 | 2.7 | 1.9 | 1.0 | 1.5 | 1.3 | 1.2 | 1.1 |
Dividend yield | 1.9 % | |||||||
Equity ratio | 50.4 % | 51.9 % | 53.6 % | 60.6 % | 65.4 % | 67.3 % | 69.6 % | 71.6 % |
Gearing ratio | 15.3 % | 3.2 % | 15.6 % | -7.9 % | -19.2 % | -27.1 % | -35.4 % | -42.5 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 56.4 | 50.0 | 42.4 | 221.6 | 51.4 | 57.5 | 61.0 | 66.0 | 235.9 |
EBITDA | 8.6 | 6.9 | 5.0 | 32.8 | 7.3 | 8.5 | 9.3 | 10.0 | 35.1 |
EBIT | 7.5 | 5.7 | 3.7 | 28.2 | 6.0 | 7.1 | 8.0 | 8.7 | 29.7 |
Profit before taxes | 7.4 | 5.7 | 2.4 | 26.4 | 6.3 | 6.8 | 7.7 | 8.5 | 29.3 |
Net income | 5.7 | 4.4 | 1.4 | 19.8 | 4.9 | 5.1 | 5.7 | 6.3 | 22.2 |
ShowingAll content types
Incap Corporation: Incap has paid an additional earn-out of USD 3.0 million to the sellers of Pennatronics Inc.
Incap Corporation: Resolutions of Annual General Meeting and the constitutive meeting of the Board of Directors
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