Incap
8.91 EUR +1.02%5,684 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)
15.98
EV/EBIT (adj.) (24e)
10.09
P/B (24e)
2.13
Dividend yield-% (24e)
-
Target price
9.00 EUR
Recommendation
Accumulate
Updated
23.2.2024
NASDAQ Helsinki
ICP1V
Daily low / high price
8.72 / 8.95
EUR
Market cap
262.29M EUR
Turnover
181.88K EUR
Volume
21K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
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Antti Viljakainen
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Financial calendar
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2024-05-08
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2024-05-10
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2024-07-26
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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 |
Otto Richard Pukk | 2024-02-23 | 8,030EUR |
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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 | 210.0 | 241.5 | 277.7 | 305.5 |
growth-% | 49.9 % | 59.4 % | 55.4 % | -16.0 % | -5.2 % | 15.0 % | 15.0 % | 10.0 % |
EBITDA | 15.9 | 29.3 | 42.8 | 32.8 | 28.2 | 34.5 | 39.7 | 43.8 |
EBIT (adj.) | 14.6 | 26.8 | 40.0 | 30.6 | 23.3 | 30.0 | 34.8 | 38.7 |
EBIT | 12.6 | 26.0 | 39.0 | 28.2 | 22.8 | 29.0 | 33.8 | 37.7 |
Profit before taxes | 11.5 | 25.7 | 36.7 | 26.4 | 21.6 | 28.4 | 33.4 | 38.0 |
Net income | 9.2 | 21.1 | 27.6 | 19.8 | 16.2 | 21.6 | 25.4 | 28.9 |
EPS (adj.) | 0.37 | 0.74 | 0.98 | 0.75 | 0.56 | 0.76 | 0.89 | 1.01 |
growth-% | 30.5 % | 97.9 % | 31.5 % | -23.4 % | -25.3 % | 36.4 % | 17.2 % | 13.3 % |
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 |
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 % | 13.4 % | 14.3 % | 14.3 % | 14.3 % |
EBIT-% (adj.) | 13.8 % | 15.8 % | 15.2 % | 13.8 % | 11.1 % | 12.4 % | 12.5 % | 12.7 % |
EBIT-% | 11.8 % | 15.3 % | 14.8 % | 12.7 % | 10.8 % | 12.0 % | 12.2 % | 12.3 % |
ROE | 30.6 % | 41.5 % | 36.7 % | 20.4 % | 14.1 % | 16.1 % | 16.2 % | 15.7 % |
ROI | 33.0 % | 42.4 % | 42.7 % | 22.7 % | 16.5 % | 19.4 % | 19.7 % | 19.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 3.69 | 15.70 | 17.10 | 7.75 | 8.91 | 8.91 | 8.91 | 8.91 |
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 | 262.0 | 262.0 | 262.0 | 262.0 |
Enterprise value | 113.3 | 461.2 | 513.9 | 219.7 | 234.7 | 220.4 | 203.7 | 182.6 |
EV/S | 1.1 | 2.7 | 1.9 | 1.0 | 1.1 | 0.9 | 0.7 | 0.6 |
EV/EBITDA | 7.1 | 15.8 | 12.0 | 6.7 | 8.3 | 6.4 | 5.1 | 4.2 |
EV/EBIT (adj.) | 7.7 | 17.2 | 12.8 | 7.2 | 10.1 | 7.4 | 5.9 | 4.7 |
EV/EBIT | 9.0 | 17.8 | 13.2 | 7.8 | 10.3 | 7.6 | 6.0 | 4.8 |
P/E (adj.) | 9.8 | 21.2 | 17.5 | 10.4 | 16.0 | 11.7 | 10.0 | 8.8 |
P/E | 11.6 | 21.8 | 18.1 | 11.5 | 16.2 | 12.2 | 10.3 | 9.1 |
P/B | 2.8 | 7.3 | 5.7 | 2.1 | 2.1 | 1.8 | 1.5 | 1.3 |
P/S | 1.0 | 2.7 | 1.9 | 1.0 | 1.2 | 1.1 | 0.9 | 0.9 |
Dividend yield | 2.2 % | |||||||
Equity ratio | 50.4 % | 51.9 % | 53.6 % | 60.6 % | 64.5 % | 66.1 % | 67.5 % | 69.4 % |
Gearing ratio | 15.3 % | 3.2 % | 15.6 % | -7.9 % | -22.2 % | -28.8 % | -34.3 % | -40.0 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 72.7 | 56.4 | 50.0 | 42.4 | 221.6 | 45.8 | 49.2 | 55.0 | 60.0 |
EBITDA | 12.4 | 8.6 | 7.9 | 4.0 | 32.8 | 5.5 | 6.2 | 7.8 | 8.7 |
EBIT | 11.3 | 7.5 | 5.7 | 3.7 | 28.2 | 4.1 | 4.8 | 6.5 | 7.4 |
Profit before taxes | 10.9 | 7.4 | 5.7 | 2.4 | 26.4 | 3.7 | 4.5 | 6.2 | 7.2 |
Net income | 8.4 | 5.7 | 4.4 | 1.4 | 19.8 | 2.8 | 3.4 | 4.6 | 5.4 |
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Incap Corporation: Notice to convene Annual General Meeting
Incap Corporation: Incap's Annual and Sustainability Report is published
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