Incap: Quality, strength and mellowness
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
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 Figures22.03.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 169.8 | 207.1 | 231.9 |
growth-% | 59.43 % | 21.95 % | 12.00 % |
EBIT (adj.) | 26.8 | 32.7 | 36.8 |
EBIT-% (adj.) | 15.77 % | 15.78 % | 15.85 % |
EPS (adj.) | 3.71 | 4.49 | 4.98 |
Dividend | 0.80 | 0.90 | 1.00 |
Dividend % | 5.10 % | 9.40 % | 10.45 % |
P/E (adj.) | 4.23 | 2.13 | 1.92 |
EV/EBITDA | 3.21 | 1.31 | 0.80 |