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Incap: Unleashed performance

ICP1VResearch2022-07-29 09:24
Inderes
Discuss
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In our view, the strong earnings growth that will continue well into next year still gives Incap a slightly higher expected return for the coming year than our required return, even though the valuation of the stock is quite reasonable in relation to its risks.

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 Figures2022-07-29

202122e23e
Revenue169.8244.8266.8
growth-%59.4 %44.2 %9.0 %
EBIT (adj.)26.836.140.4
EBIT-% (adj.)15.8 %14.7 %15.1 %
EPS (adj.)0.740.941.09
Dividend0.160.180.20
Dividend %1.0 %1.9 %2.1 %
P/E (adj.)21.210.38.9
EV/EBITDA15.87.46.1

Forum discussions

This is definitely a point worth considering in an otherwise good situation. “Our largest customer is expanding its supplier base, which we ...
2 hours ago
by Jamppa
8
The robot’s summary is pretty good. Highlights include strong organic growth and operating result (incl. a return to double-digit profitability...
3 hours ago
by Antti Viljakainen
24
Inderes Incap Oyj: Incap-konsernin liiketoimintakatsaus tammi–syyskuulta 2026... Incap Oyj | Pörssitiedote | 29.10.2026 klo 09:00:00 EETTämä...
3 hours ago
by Tuuukka
15
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
I commented on Kitron’s Q3 results in the Scanfil thread. Much of the same applies to Incap as well:
10/22/2026, 6:45 AM
by Tuukka Lundell
20
Incap Group’s business review for January–September 2026 will be published on Thursday, 29 October 2026 at approximately 9:00 a.m. Finnish time...
10/19/2026, 9:35 AM
by Pauliina Tennilä
15