Incap: Lines are warm
Incap published its Q1 report yesterday. The first quarter of the year was not bad in any way, even though relative profitability was somewhat below our expectations. The company’s basic performance is high and we justifiably consider the long-term value creation conditions to be excellent. The price of the high-quality company has dropped, but the annual return/risk ratio is not yet sufficient.
Incap
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.
Read more on company pageKey Estimate Figures28.04.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 169.8 | 223.5 | 245.8 |
growth-% | 59.43 % | 31.62 % | 10.00 % |
EBIT (adj.) | 26.8 | 32.8 | 37.6 |
EBIT-% (adj.) | 15.77 % | 14.67 % | 15.28 % |
EPS (adj.) | 3.71 | 4.48 | 5.09 |
Dividend | 0.80 | 0.90 | 1.00 |
Dividend % | 5.10 % | 8.94 % | 9.93 % |
P/E (adj.) | 4.23 | 2.25 | 1.98 |
EV/EBITDA | 3.21 | 1.75 | 1.10 |