Financials Indutrade AB

Equities

INDT

SE0001515552

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm 12:00:00 2024-07-22 pm EDT 5-day change 1st Jan Change
321 SEK +1.45% Intraday chart for Indutrade AB +6.86% +22.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,511 64,069 100,953 76,909 95,380 116,948 - -
Enterprise Value (EV) 1 46,641 68,947 106,442 85,489 103,127 123,733 121,323 118,982
P/E ratio 27.3 x 38.4 x 48.2 x 28.7 x 33.3 x 42 x 36.1 x 33.1 x
Yield - 1.02% 0.83% 1.23% 1.09% 0.99% 1.07% 1.15%
Capitalization / Revenue 2.2 x 3.33 x 4.65 x 2.85 x 3 x 3.59 x 3.39 x 3.24 x
EV / Revenue 2.53 x 3.59 x 4.9 x 3.16 x 3.24 x 3.8 x 3.51 x 3.29 x
EV / EBITDA 16 x 21.1 x 27.4 x 17.5 x 18 x 21.6 x 19.7 x 18.4 x
EV / FCF 30.7 x 29 x 42.6 x 45.6 x 26.1 x 34.7 x 31.8 x 29.3 x
FCF Yield 3.26% 3.45% 2.34% 2.19% 3.83% 2.88% 3.14% 3.41%
Price to Book 5.66 x 7.43 x 9.81 x 6.03 x 6.59 x 7.15 x 6.34 x 5.65 x
Nbr of stocks (in thousands) 362,565 363,615 364,188 364,323 364,323 364,323 - -
Reference price 2 111.7 176.2 277.2 211.1 261.8 321.0 321.0 321.0
Announcement Date 2/5/20 2/2/21 2/2/22 2/2/23 2/1/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,411 19,217 21,715 27,016 31,835 32,587 34,539 36,116
EBITDA 1 2,915 3,262 3,883 4,878 5,723 5,718 6,155 6,457
EBIT 1 2,016 2,266 2,825 3,620 4,158 4,079 4,490 4,750
Operating Margin 10.95% 11.79% 13.01% 13.4% 13.06% 12.52% 13% 13.15%
Earnings before Tax (EBT) 1 1,892 2,140 2,725 3,440 3,691 3,594 4,173 4,540
Net income 1 1,483 1,669 2,095 2,682 2,865 2,777 3,228 3,519
Net margin 8.05% 8.69% 9.65% 9.93% 9% 8.52% 9.35% 9.74%
EPS 2 4.087 4.590 5.750 7.360 7.860 7.642 8.882 9.690
Free Cash Flow 1 1,519 2,381 2,496 1,874 3,949 3,569 3,814 4,058
FCF margin 8.25% 12.39% 11.49% 6.94% 12.4% 10.95% 11.04% 11.24%
FCF Conversion (EBITDA) 52.11% 72.99% 64.28% 38.42% 69% 62.41% 61.97% 62.84%
FCF Conversion (Net income) 102.43% 142.66% 119.14% 69.87% 137.84% 128.51% 118.17% 115.3%
Dividend per Share 2 - 1.800 2.300 2.600 2.850 3.178 3.420 3.691
Announcement Date 2/5/20 2/2/21 2/2/22 2/2/23 2/1/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 6,398 6,683 6,707 7,228 8,063 8,100 7,851 7,821 7,744 8,491 8,048 8,217 8,407 8,936 8,581
EBITDA 1 1,144 1,210 1,233 1,291 1,447 1,448 1,433 1,396 1,279 1,510 1,459 1,447 1,433 1,574 1,579
EBIT 1 849 908 912 951 1,079 1,061 1,031 987 880 1,087 1,053 1,034 1,016 1,135 1,162
Operating Margin 13.27% 13.59% 13.6% 13.16% 13.38% 13.1% 13.13% 12.62% 11.36% 12.8% 13.08% 12.59% 12.09% 12.7% 13.54%
Earnings before Tax (EBT) 1 814 871 870 885 981 939 897 874 765 947 932.7 926.2 928 1,052 1,090
Net income 1 637 675 691 679 - 724 680 709 587 729 725.7 740.1 716 811 840
Net margin 9.96% 10.1% 10.3% 9.39% - 8.94% 8.66% 9.07% 7.58% 8.59% 9.02% 9.01% 8.52% 9.08% 9.79%
EPS 2 1.750 1.850 1.900 1.860 2.060 1.990 1.870 1.950 1.610 2.000 1.993 2.032 - - -
Dividend per Share 2 - - - - - - - - - - - - - 3.080 -
Announcement Date 4/29/22 7/19/22 10/28/22 2/2/23 4/27/23 7/20/23 10/27/23 2/1/24 4/25/24 7/18/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,130 4,878 5,489 8,580 7,747 6,786 4,375 2,034
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.103 x 1.495 x 1.414 x 1.759 x 1.354 x 1.187 x 0.7108 x 0.315 x
Free Cash Flow 1 1,519 2,381 2,496 1,874 3,949 3,569 3,814 4,058
ROE (net income / shareholders' equity) 22% 21% 23% 24% 21% 19.1% 19.6% 19.2%
ROA (Net income/ Total Assets) 9.38% 9.4% 10.5% 10.5% 9.53% 8.8% 9.9% 11.1%
Assets 1 15,807 17,753 19,981 25,431 30,069 31,556 32,605 31,706
Book Value Per Share 2 19.70 23.70 28.30 35.00 39.70 44.90 50.60 56.80
Cash Flow per Share 2 5.300 7.650 7.840 6.510 12.30 11.40 13.00 13.20
Capex 1 403 399 357 498 542 546 609 653
Capex / Sales 2.19% 2.08% 1.64% 1.84% 1.7% 1.68% 1.76% 1.81%
Announcement Date 2/5/20 2/2/21 2/2/22 2/2/23 2/1/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
321 SEK
Average target price
312.5 SEK
Spread / Average Target
-2.65%
Consensus
  1. Stock Market
  2. Equities
  3. INDT Stock
  4. Financials Indutrade AB