Innofactor

1,2EUR −0,99 %
6 091 investerare följer bolaget.

Innofactor är verksamma inom IT-sektorn. Bolaget är inriktade mot att erbjuda tjänster inom digitalisering och molnbaserade lösningar. Exempel på affärsområden inkluderar försäljning, marknad och kommunikation, business intelligence, samt CRM (Customer Relationship Management). Störst närvaro återfinns inom den nordiska marknaden och kunderna består av små- och medelstora företagskunder. Huvudkontoret ligger i Esbo.

P/E (23e)
10,28
EV/EBIT (23e)
9,38
EV/S (23e)
0,68
Direktavkastnings- % (23e)
5,83 %
Riktkurs
1.35 EUR
Rekommendation
Öka
Uppdaterad
9.2.2023
NASDAQ Helsinki
IFA1V
Dagens lägsta / högsta pris
1,2 / 1,218 EUR
Börsvärde
44,87 mn EUR
Omsättning
2,87 tn EUR
Volym
2,4 tn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Income statement

20192020202120222023e2024e2025e2026e
Revenue64,2066,1666,3671,1377,9080,7083,4486,29
growth-%1,67 %3,06 %0,30 %7,18 %9,52 %3,59 %3,40 %3,41 %
EBITDA5,097,1610,117,818,649,149,8010,16
EBIT (adj.)2,824,504,405,025,846,347,007,26
EBIT0,802,506,524,755,616,146,807,06
Profit before taxes0,012,055,734,185,055,696,516,97
Net income0,421,764,503,324,044,525,175,54
EPS (adj.)0,070,100,070,100,120,130,150,16
growth-%51,15 %−35,07 %49,83 %19,44 %10,75 %13,92 %6,86 %
Dividend0,000,040,080,060,070,080,090,10
Dividend ratio84,88 %65,06 %65,44 %62,74 %64,07 %63,00 %65,37 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%7,93 %10,83 %15,24 %10,98 %11,10 %11,33 %11,75 %11,78 %
EBIT-% (adj.)4,40 %6,79 %6,64 %7,06 %7,50 %7,86 %8,39 %8,42 %
EBIT-%1,24 %3,78 %9,82 %6,68 %7,20 %7,61 %8,15 %8,19 %
ROE1,92 %7,73 %18,41 %13,21 %15,70 %16,35 %17,36 %17,27 %
ROI2,25 %6,87 %17,66 %12,81 %14,70 %16,58 %18,87 %20,39 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)0,721,281,521,051,201,201,201,20
Shares37,3937,3936,6336,2136,2136,2136,2136,21
Market cap26,8447,6755,4938,0943,4543,4543,4543,45
Enterprise value37,9059,9963,3450,4952,6249,3145,6041,75
EV/S0,590,910,950,710,680,610,550,48
EV/EBITDA7,458,376,266,476,095,394,654,11
EV/EBIT (adj.)13,4313,3514,3810,059,017,776,515,75
EV/EBIT47,6723,999,7210,639,388,036,705,91
P/E (adj.)10,8012,6923,2310,7610,289,288,157,62
P/E63,3427,0512,3211,4710,759,618,407,84
P/B1,212,032,181,541,631,521,401,31
P/S0,420,720,840,540,560,540,520,50
Dividend yield3,14 %5,28 %5,70 %5,83 %6,67 %7,50 %8,33 %
Equity ratio39,74 %41,42 %49,90 %44,43 %47,62 %51,04 %56,01 %60,93 %
Gearing ratio49,92 %52,55 %30,83 %49,98 %34,39 %20,45 %6,95 %−5,12 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue16,9616,9516,6820,5471,1319,7419,4317,4821,25
EBITDA2,041,381,942,457,812,152,121,902,47
EBIT1,320,670,961,814,751,391,361,141,72
Profit before taxes1,100,640,761,684,181,251,221,001,58
Net income0,850,550,601,333,321,000,970,801,26
Publisher
Aktieanalys

Innofactor: Confidence in earnings growth improved

Innofactor's net sales and earnings increased nicely and were in line with our expectations. In addition, the order book, improved net sales structure and comments on the outlook increased confidence in earnings growth in 2023. We expect moderate organic...

Publisher
Analytikerkommentar

Innofactor Q4 on Thursday: Strong earnings growth in estimates

Translation: Original comment published in Finnish on 2/7/2023 at 5:30 am EET. Innofactor will publish its Q4 report on Thursday at 9:00 am EET. We expect Innofactor's net sales to have grown strongly and profitability to have improved from a weak comparison...

2023-02-07 av Joni Grönqvist
Publisher
Aktieanalys

Innofactor: Getting better, but it’s not time yet

Net sales grew strongly in Q3, especially organically. However, the increase in billing rates and assumed operational leverage was not fully visible in profitability. Although, the profit level and trend removed the most significant concerns about the...

2022-10-26 av Joni Grönqvist
Publisher
Analytikerkommentar

Case: Cost structures and profitability of expert companies

In this review, we examine the cost structures of Nasdaq Helsinki’s expert companies. The group clearly focuses on the IT service sector, but it also includes expert companies from accounting firms to engineers and legal services.

Publisher
Video

inderesPodcast: 2.En djupdykning i Helsingforsbörsens IT-tjänstesektor

Är IT-tjänstesektorn den hetaste på Helsingforsbörsen? Tillsammans med analytiker Joni Grönqvist gör vi en djupdykning i marknadens drivkrafter, efterfrågan och flaskhalsar. Vi tar även en närmare titt på bolagen: vem är bäst i klassen, vem kämpar med lönsamheten?

2022-10-05
Publisher
Analytikerkommentar

IT service sector Q2 summary: Strong organic growth dimmed by profitability challenges

The IT service sector's Q2 was reasonable overall: strong organic growth was dimmed by profitability challenges in several companies. Customer demand in the market continued to be good and especially organic growth that we monitor closely accelerated...

2022-09-22 av Joni Grönqvist
Publisher
Aktieanalys

Innofactor: Still work to do in the rest of the year

Innofactor's net sales decreased and was slightly below expectations in Q2 driven by weak billable utilization. This pushed the result clearly below estimates in Q2 and we expect this will also burden H2 and the company will not reach its guidance. Positive...

2022-07-22 av Joni Grönqvist
Publisher
Omfattande aktieanalys

Innofactor: Processor still has underutilized potential

Innofactor's turnaround progressed convincingly for a couple of years, driven by a strong Finnish business. Last year, earnings growth stopped and now the company seeks return to growth. Innofactor revised its organizational structure last year and refined...

2022-06-29 av Joni Grönqvist
Publisher
Video

IT-konsultsektorn har fortsatt medvind

IT- konsultsektorn i Finland går som tåget. Den organiska omsättningstillväxten under årets första kvartal var fortsättningsvis stark, i medeltal 9%. Även lönsamheten var god, liksom kundernas efterfrågan. Nytänkande åtgärder har vidtagits för att minska...

2022-05-31
Publisher
Analytikerkommentar

IT service sector Q1 summary: Great start for the year with rest of the year looking good

The Q1 earnings period of the Finnish IT service sector was good across the line, despite the headwinds in the talent market.

2022-05-30 av Joni Grönqvist
Publisher
Aktieanalys

Innofactor: Stronger view would require more track-record

Net sales fell and remained slightly below expectations, but the result was in line with expectations. A positive highlight of the report was that after a long while the number of personnel turned to growth. Personnel development together with a good...

2022-04-27 av Joni Grönqvist
Publisher
Video

It-konsultbolagen i Finland

Inderes analytiker Joni Grönqvist en inblick i den finländska marknadens särdrag, där konsolidering och skenande lönekostnader är ständigt återkommande teman. Även bolagens senaste kvartalsrapporter och sektorns allmänna värderingsnivå kommenteras.

2022-03-14
Publisher
Analytikerkommentar

Q4 IT service sector summary: Good performance despite headwinds

The Q4 earnings period was good for the Finnish IT services sector despite the headwinds caused by the challenging expert market. Customer demand in the market remained good and the average revenue growth of the companies we followed was 17% (Q3’21: ...

2022-03-17 av Joni Grönqvist
Publisher
Aktieanalys

Innofactor: Calmly forward despite headwinds

Although the company's result still grew, it was below our estimates. The order backlog and improved cost structure still support earnings growth, which the company's guidance also expects as usual. However, the tight expert market and Swedish business...

2022-02-18 av Joni Grönqvist
Publisher
Omfattande aktieanalys

Innofactor: Aiming at stronger growth

Innofactor’s earnings turnaround has progressed convincingly for more than two years and brought forth the strong earnings potential of the company’s Finnish business. The Finnish business is already close to the long-term 20% growth and 20% EBITDA target...

2021-06-17 av Joni Grönqvist
Publisher
Video

Innofactor's Q1'2019 interview

Innofactor's CEO Sami Ensio comments key points of Q1'2019 and outlook for 2019 - profitability and orders increased compared to 2018. Innofactor’s future outlook for 2019: Innofactor’s net sales and operating margin (EBITDA) in 2019 is estimated to ...

2019-05-14
Publisher
Video

Innofactor: key points of year 2018 and outlook for 2019

Innofactor's CEO Sami Ensio comments key points of Q4 and the entire year 2018 and outlook for 2019. 00:09 Year 2018 01:25 What measures you took last year to fix the situation and what kind of an impact you expect it to have on 2019? 03:40 Outlook for...

2019-03-05