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Incap: Quality, strength and mellowness

ICP1VExtensive research2022-03-23 12:52
Inderes
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Over the past few years, Incap's performance has been fierce, despite the external challenges it has faced. The operational performance of the company that has undoubtedly demonstrated its quality is excellent and the longer-term ability to create value is good. However, the company's price has risen and we do not believe that the return/risk ratio for the next year is good enough.

Incap operates in the industrial sector. The company supplies equipment and services for industrial players, where the range includes PCB assembly, system integration, box building integration, design validation, and inspection methods. The largest operations are found in the Nordic, Baltic and Asian regions. The company was originally established in 1985 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures2022-03-22

202122e23e
Revenue169.8207.1231.9
growth-%59.4 %22.0 %12.0 %
EBIT (adj.)26.832.736.8
EBIT-% (adj.)15.8 %15.8 %15.9 %
EPS (adj.)0.740.901.00
Dividend0.160.180.20
Dividend %1.0 %1.9 %2.1 %
P/E (adj.)21.210.69.5
EV/EBITDA15.87.56.3

Forum discussions

Antti interviewed @Otto_Pukk regarding Q3 Topics: (00:00) Start (00:47) Q3 Highlights (01:56) Demand environment (03:06) Order visibility (04...
13 hours ago
by Sijoittaja-alokas
11
if you read a bit further in the release, otherwise the company expects the near-term outlook to be strong Sure, it might be that the lost sales...
17 hours ago
by Gadus
5
This is definitely a point worth considering in an otherwise good situation. “Our largest customer is expanding its supplier base, which we ...
21 hours ago
by Jamppa
14
The robot’s summary is pretty good. Highlights include strong organic growth and operating result (incl. a return to double-digit profitability...
21 hours ago
by Antti Viljakainen
30
Inderes Incap Oyj: Incap-konsernin liiketoimintakatsaus tammi–syyskuulta 2026... Incap Oyj | Pörssitiedote | 29.10.2026 klo 09:00:00 EETTämä...
22 hours ago
by Tuuukka
18
I commented on peer company Hanza’s Q3 results in the Scanfil thread. Also relevant for Incap:
10/27/2026, 9:01 AM
by Tuukka Lundell
10
Here are Antti’s and Tuukka’s preview comments as Incap reports its Q3 results on Thursday We expect the company’s revenue to have grown strongly...
10/26/2026, 6:19 AM
by Sijoittaja-alokas
10