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
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Antti Viljakainen
Head of Research
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Financial calendar
Interim report
26.07.2024
Interim report
25.10.2024
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 | 21.03.2024 | 4,910EUR |
Jr David Spehar | 23.02.2024 | 9,320EUR |
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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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Report clearly brightened the horizon
![Incap, Webcast, Q1, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/cf1e8dda-a88a-4552-90b7-b74aa64b2e22.png)
Incap, Webcast, Q1, 2024
The Board of Directors of Incap Corporation decided on a new performance period within existing long-term key employee incentive plan
Incap Corporation: Incap Group’s business review for January–March 2024 (unaudited)
Incap Corporation: Incap Group’s business review for January–March 2024 and webcast on 8 May 2024
Incap Corporation: Notice to convene Annual General Meeting
Incap Corporation: Incap's Annual and Sustainability Report is published
Incap Corporation: Helena Maripuu joins Incap as Group Communication and IR lead
Incap Corporation: Managers’ transactions – David Spehar
Incap Corporation: Incap Slovakia invests in new production machinery to enhance production capabilities
Incap Corporation: Managers’ transactions – David Spehar
Incap Corporation: Managers’ transactions – Otto Pukk
Incap: Report significantly reduces risk around the stock
![Incap Q4’23: Dark Hours and New Starting Points](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/39d72a40-5104-41ac-bf25-3a7883cb0ee3.png)
Incap Q4’23: Dark Hours and New Starting Points
![Incap Q4'23 – Thursday, Feb. 22 at 2:00 pm EET](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/36e9f267-a1fa-453a-a4d9-754e0b262558.png)
Incap Q4'23 – Thursday, Feb. 22 at 2:00 pm EET
![Incap Oyj, Q4, 2023](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/5f1cb2ef-452c-4648-8994-1fd2650716cf.png)