Financials Incap Oyj

Equities

ICP1V

FI0009006407

Electrical Components & Equipment

Market Closed - Nasdaq Helsinki 11:29:47 2024-04-26 am EDT 5-day change 1st Jan Change
8.91 EUR +1.02% Intraday chart for Incap Oyj +2.47% +14.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 73.77 107.4 459.2 500.8 228.1 262.3 - -
Enterprise Value (EV) 1 73.18 113.3 461.2 514.7 219.9 238.6 226 212.3
P/E ratio 11.7 x 9.13 x 21.8 x 18.2 x 11.4 x 16.7 x 12.6 x 11 x
Yield 2.07% - - - - - - -
Capitalization / Revenue 1.04 x 1.01 x 2.7 x 1.9 x 1.03 x 1.23 x 1.02 x 0.92 x
EV / Revenue 1.03 x 1.06 x 2.72 x 1.95 x 0.99 x 1.12 x 0.88 x 0.74 x
EV / EBITDA 6.37 x 7.1 x 15.8 x 12 x 6.24 x 7.67 x 6.07 x 5.07 x
EV / FCF 11.8 x 59.1 x 89.6 x -82 x 5.82 x 14.6 x 16.3 x 11.2 x
FCF Yield 8.46% 1.69% 1.12% -1.22% 17.2% 6.85% 6.13% 8.93%
Price to Book 3.37 x 2.8 x 7.3 x 5.72 x 2.13 x 2.14 x 1.83 x 1.59 x
Nbr of stocks (in thousands) 21,826 29,101 29,247 29,285 29,437 29,437 - -
Reference price 2 3.380 3.690 15.70 17.10 7.750 8.910 8.910 8.910
Announcement Date 2/26/20 2/24/21 2/24/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 71.02 106.5 169.8 263.8 221.6 214 256.8 285.7
EBITDA 1 11.48 15.95 29.26 42.77 35.22 31.1 37.25 41.85
EBIT 1 10.8 12.6 26.8 40 30.6 25.65 32.5 36.4
Operating Margin 15.21% 11.83% 15.78% 15.17% 13.81% 11.99% 12.66% 12.74%
Earnings before Tax (EBT) 1 9.664 11.51 25.72 36.63 26.42 20.82 27.47 31.41
Net income 1 6.274 9.2 21.1 27.6 19.82 15.72 20.89 23.88
Net margin 8.83% 8.64% 12.43% 10.46% 8.94% 7.34% 8.14% 8.36%
EPS 2 0.2880 0.4040 0.7200 0.9400 0.6800 0.5336 0.7075 0.8097
Free Cash Flow 1 6.192 1.916 5.149 -6.273 37.78 16.35 13.85 18.95
FCF margin 8.72% 1.8% 3.03% -2.38% 17.05% 7.64% 5.39% 6.63%
FCF Conversion (EBITDA) 53.92% 12.01% 17.6% - 107.25% 52.57% 37.18% 45.28%
FCF Conversion (Net income) 98.69% 20.83% 24.4% - 190.59% 104.03% 66.31% 79.35%
Dividend per Share 0.0700 - - - - - - -
Announcement Date 2/26/20 2/24/21 2/24/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 47 51.4 53.3 61.2 70.6 149.2 72.7 56.44 129.1 50.05 42.4 92.48 46 49 95 60 63 115
EBITDA 1 8.96 8.96 8.59 8.59 - 25.59 - 9.309 21.8 - 5.829 13.42 7.3 7.7 11.6 9 9.3 16.5
EBIT 1 7.9 8.6 7 8.6 11.2 12.9 11.5 8.3 19.8 6.4 4.4 10.8 5.8 6.3 9.2 7.6 7.9 14.1
Operating Margin 16.81% 16.73% 13.13% 14.05% 15.86% 8.64% 15.82% 14.71% 15.34% 12.79% 10.38% 11.68% 12.61% 12.86% 9.68% 12.67% 12.54% 12.26%
Earnings before Tax (EBT) 1 8.03 8.03 7.28 7.28 - 22.06 - 7.35 18.29 5.777 2.355 8.133 3.9 4.4 8.2 5.7 6 13.3
Net income 1 6.4 6.9 5.5 5.697 - 16.4 - 5.694 14.06 4.42 1.3 5.761 3.9 4.4 6.2 5.7 6 10
Net margin 13.62% 13.42% 10.32% 9.31% - 10.99% - 10.09% 10.89% 8.83% 3.07% 6.23% 8.48% 8.98% 6.53% 9.5% 9.52% 8.7%
EPS 2 0.2300 0.2300 0.1860 0.2000 0.2700 0.5600 0.2900 0.1900 0.4800 0.1500 0.0500 0.2000 0.1000 0.1100 0.2100 0.1500 0.1600 0.3400
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 10/27/21 2/24/22 4/27/22 7/28/22 10/27/22 2/22/23 4/26/23 7/28/23 7/28/23 10/25/23 2/22/24 2/22/24 - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 5.89 2 13.9 - - - -
Net Cash position 1 0.6 - - - 8.2 23.7 36.3 50
Leverage (Debt/EBITDA) - 0.3694 x 0.0684 x 0.3246 x - - - -
Free Cash Flow 1 6.19 1.92 5.15 -6.27 37.8 16.4 13.9 19
ROE (net income / shareholders' equity) 33.4% 30.5% 41.5% 36.7% 20.4% 13.7% 15.6% 14.6%
ROA (Net income/ Total Assets) - - - - 11.3% 8.17% 9.87% 9.75%
Assets 1 - - - - 175.4 192.4 211.6 244.9
Book Value Per Share 2 1.000 1.320 2.150 2.990 3.630 4.160 4.870 5.590
Cash Flow per Share 2 0.3400 0.2100 0.3300 -0.0300 1.520 0.8500 0.7400 -
Capex 1 1.12 - 4.52 5.47 6.88 5.11 6.08 6.14
Capex / Sales 1.58% - 2.66% 2.07% 3.1% 2.39% 2.37% 2.15%
Announcement Date 2/26/20 2/24/21 2/24/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
8.91 EUR
Average target price
9 EUR
Spread / Average Target
+1.01%
Consensus