Innofactor

1.695 EUR

0 %

IFA1V

NASDAQ Helsinki

Software

Technology

6,075 following

+0.89%

+29.89%

+38.37%

+51.34%

+6.94%

+136.07%

-99.35%

www.innofactor.com/invest-in-us/share-information

Innofactor operates in the IT sector. The company is focused on offering services in digitization and cloud-based solutions. Examples of business areas include sales, marketing and communication, business intelligence, and CRM (Customer Relationship Management). The largest presence is found in the Nordic market and customers consist of small and medium-sized corporate customers. The head office is located in Espoo.

P/E (adj.) (24e)

17.55

EV/EBIT (adj.) (24e)

13.8

EV/S (24e)

0.84

Dividend yield-% (24e)

4.72 %

Target price

1.68 EUR

Recommendation

Reduce

Updated

20.9.2024

NASDAQ Helsinki

IFA1V

Daily low / high price

1.695 / 1.695 EUR

Market cap

61.6M EUR

Turnover

38.99 EUR

Volume

Business risk

Valuation risk

Current

Latest research

Innofactor: Offer likely to succeed in due course

20.09.2024

Innofactor: Good offer for owners, competing bid unlikely

23.07.2024

Innofactor Q2'24: Innofactor also faces market challenges

19.07.2024

Extensive report

Inderes' extensive report is an investor's handbook on customer companies covered by our research.

The latest extensive report was released 11.09.2023

Read the report

Analyst

Joni Grönqvist

Analyst

Latest videos

Innofactor's Q1'2019 interview

14.05.2019

Innofactor: key points of year 2018 and outlook for 2019

05.03.2019

Financial calendar

Annual report

28.02.2025

General meeting

23.04.2025

Interim report

30.09.2025

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	66.2	66.4	71.1	80.3	79.4	82.1	85.4	88.1
growth-%	3.1 %	0.3 %	7.2 %	12.8 %	-1.1 %	3.4 %	4.1 %	3.1 %
EBITDA	7.2	10.1	7.8	9.1	7.1	8.7	9.8	10.5
EBIT (adj.)	4.5	4.4	5.0	6.0	4.8	5.7	6.7	7.4
EBIT	2.5	6.5	4.8	5.8	4.1	5.7	6.7	7.4
Profit before taxes	2.1	5.7	4.2	5.2	3.6	5.3	6.5	7.3
Net income	1.8	4.5	3.3	3.4	2.7	4.2	5.1	5.8
EPS (adj.)	0.10	0.07	0.10	0.10	0.10	0.12	0.14	0.16
growth-%	51.2 %	-35.1 %	49.8 %	3.0 %	-4.0 %	21.9 %	21.8 %	12.7 %
Dividend	0.04	0.08	0.06	0.07	0.08	0.09	0.10	0.10
Dividend ratio	84.9 %	65.1 %	65.4 %	72.8 %	105.8 %	76.4 %	69.7 %	61.8 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	10.8 %	15.2 %	11.0 %	11.3 %	9.0 %	10.5 %	11.4 %	11.9 %
EBIT-% (adj.)	6.8 %	6.6 %	7.1 %	7.5 %	6.1 %	6.9 %	7.8 %	8.4 %
EBIT-%	3.8 %	9.8 %	6.7 %	7.3 %	5.2 %	6.9 %	7.8 %	8.4 %
ROE	7.7 %	18.4 %	13.2 %	13.7 %	10.6 %	16.0 %	18.3 %	19.2 %
ROI	6.9 %	17.7 %	12.8 %	15.8 %	11.8 %	16.7 %	20.1 %	22.1 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	1.28	1.52	1.05	1.23	1.70	1.70	1.70	1.70
Shares	37.4	36.6	36.2	35.7	35.7	35.7	35.7	35.7
Market cap	47.7	55.5	38.0	44.0	60.6	60.6	60.6	60.6
Enterprise value	60.0	63.3	50.4	53.2	66.9	65.3	62.1	60.0
EV/S	0.9	1.0	0.7	0.7	0.8	0.8	0.7	0.7
EV/EBITDA	8.4	6.3	6.5	5.8	9.4	7.5	6.4	5.7
EV/EBIT (adj.)	13.3	14.4	10.0	8.8	13.8	11.6	9.3	8.1
EV/EBIT	24.0	9.7	10.6	9.1	16.3	11.6	9.3	8.1
P/E (adj.)	12.7	23.2	10.7	12.2	17.5	14.4	11.8	10.5
P/E	27.1	12.3	11.5	12.8	22.4	14.4	11.8	10.5
P/B	2.0	2.2	1.5	1.7	2.4	2.2	2.1	1.9
P/S	0.7	0.8	0.5	0.5	0.8	0.7	0.7	0.7
Dividend yield	3.1 %	5.3 %	5.7 %	5.7 %	4.7 %	5.3 %	5.9 %	5.9 %
Equity ratio	41.4 %	49.9 %	44.4 %	46.8 %	47.9 %	51.5 %	54.8 %	57.2 %
Gearing ratio	52.6 %	30.8 %	50.0 %	36.1 %	24.5 %	17.4 %	5.2 %	-2.0 %

Quarter data

	Q3/23	Q4/23	2023	Q1/24	Q2/24	Q3/24e	Q4/24e	2024e
Revenue	18.0	21.9	80.3	21.2	19.9	17.4	20.9	79.4
EBITDA	2.0	2.9	9.1	2.6	0.6	1.6	2.3	7.1
EBIT	1.2	1.9	5.8	1.8	-0.1	0.9	1.5	4.1
Profit before taxes	1.4	1.6	5.2	1.7	-0.3	0.7	1.4	3.6
Net income	1.1	0.9	3.4	1.3	-0.2	0.6	1.1	2.7

ShowingAll content types

Q3 IT service sector summary: Revenue down but profitability up – sector shows clear divide

Analyst Comment11/20/2024, 10:03 AM by

Joni Grönqvist, Frans-Mikael Rostedt

Q3 IT service sector summary: Revenue down but profitability up – sector shows clear divide

The IT services sector's Q3 results were met with a cautious mood after five companies in the sector issued profit warnings in just over a month. The decline in working day-adjusted organic revenue development for the sector's companies accelerated slightly as customers continued to economize, although the comparison period was already weak for most of them. Profitability, on the other hand, was significantly higher year-on-year, but the group was clearly divided between strong and weak performers.