Financials Instalco AB

Equities

INSTAL

SE0017483506

Construction & Engineering

Market Closed - Nasdaq Stockholm 11:29:31 2024-05-20 am EDT 5-day change 1st Jan Change
38.52 SEK -0.21% Intraday chart for Instalco AB +0.21% -5.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,678 13,035 22,239 10,314 10,789 10,161 - -
Enterprise Value (EV) 1 7,550 13,947 23,889 12,817 14,250 13,268 12,581 11,746
P/E ratio 17.8 x 28.6 x 8.43 x 20.2 x 18.1 x 18.6 x 14.7 x 11.3 x
Yield 1.7% 1.08% 0.75% 1.67% 1.66% 1.88% 2.15% 2.73%
Capitalization / Revenue 1.17 x 1.83 x 2.5 x 0.85 x 0.76 x 0.72 x 0.68 x 0.63 x
EV / Revenue 1.33 x 1.96 x 2.69 x 1.06 x 1 x 0.94 x 0.85 x 0.73 x
EV / EBITDA 12.7 x 18.4 x 26 x 11 x 10.1 x 9.47 x 8.36 x 7.05 x
EV / FCF 15.5 x 20.8 x 40.4 x 17.9 x 15.9 x 17.6 x 11.8 x 9.78 x
FCF Yield 6.45% 4.82% 2.48% 5.59% 6.3% 5.68% 8.5% 10.2%
Price to Book 4.45 x 6.48 x 9.11 x 3.51 x 3.36 x 2.71 x 2.42 x 2.04 x
Nbr of stocks (in thousands) 246,967 259,660 255,977 260,253 263,796 263,796 - -
Reference price 2 27.04 50.20 86.88 39.63 40.90 38.52 38.52 38.52
Announcement Date 2/18/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,692 7,122 8,890 12,063 14,279 14,095 14,837 16,140
EBITDA 1 594 759 919 1,165 1,416 1,401 1,505 1,666
EBIT 1 500 625 728 771 899 892.2 1,030 1,222
Operating Margin 8.78% 8.78% 8.19% 6.39% 6.3% 6.33% 6.94% 7.57%
Earnings before Tax (EBT) 1 473 594 699 697 792 716.3 904.6 1,157
Net income 1 372 462 558 520 601 548 694.5 903.3
Net margin 6.54% 6.49% 6.28% 4.31% 4.21% 3.89% 4.68% 5.6%
EPS 2 1.516 1.758 10.31 1.960 2.260 2.070 2.620 3.414
Free Cash Flow 1 487 672 592 716 898 754 1,070 1,202
FCF margin 8.56% 9.44% 6.66% 5.94% 6.29% 5.35% 7.21% 7.44%
FCF Conversion (EBITDA) 81.99% 88.54% 64.42% 61.46% 63.42% 53.82% 71.08% 72.13%
FCF Conversion (Net income) 130.91% 145.45% 106.09% 137.69% 149.42% 137.59% 154.01% 133.01%
Dividend per Share 2 0.4600 0.5400 0.6500 0.6600 0.6800 0.7228 0.8293 1.053
Announcement Date 2/18/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 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
Net sales 1 2,648 2,583 3,102 2,788 3,590 3,264 3,832 3,310 3,873 3,283 3,683 3,246 3,884 3,497 3,837
EBITDA 1 - 223 303 275 364 302 381 327 406 321 361.7 322.7 397 354 394
EBIT 1 - 151 215 156 252 190 244 194 271 190 236 196.7 269.7 228 267
Operating Margin - 5.85% 6.93% 5.6% 7.02% 5.82% 6.37% 5.86% 7% 5.79% 6.41% 6.06% 6.94% 6.52% 6.96%
Earnings before Tax (EBT) 1 205 126 209 131 230 171 202 179 239 138 183 152 221 186 229
Net income 1 - 101 191 - 175 135 152 142 187 139 153.5 126 193 148 183
Net margin - 3.91% 6.16% - 4.87% 4.14% 3.97% 4.29% 4.83% 4.23% 4.17% 3.88% 4.97% 4.23% 4.77%
EPS 2 3.000 0.3700 0.6600 0.2600 0.6600 0.4700 0.5700 0.5200 0.7100 0.3700 0.5800 0.4800 0.7350 0.5600 0.6900
Dividend per Share 2 0.6500 - - - - - 0.6600 - - - 0.6800 - - - 0.6900
Announcement Date 2/17/22 5/5/22 8/25/22 11/9/22 2/16/23 5/4/23 8/22/23 10/27/23 2/15/24 5/3/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 872 912 1,650 2,503 3,461 3,107 2,420 1,585
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.468 x 1.202 x 1.795 x 2.148 x 2.444 x 2.217 x 1.608 x 0.9516 x
Free Cash Flow 1 487 672 592 716 898 754 1,070 1,202
ROE (net income / shareholders' equity) 29.2% 26.8% 25.1% 23.4% 19.6% 17.9% 19.1% 22.2%
ROA (Net income/ Total Assets) - 9.83% 8.71% 7.41% 5.92% 5.62% 7.71% 8.7%
Assets 1 - 4,702 6,408 7,016 10,144 9,744 9,006 10,384
Book Value Per Share 2 6.070 7.750 9.540 11.30 12.20 14.20 15.90 18.90
Cash Flow per Share 2 - - - - - 4.100 4.500 5.300
Capex 1 8 17 18 37 101 46.1 43.5 46.7
Capex / Sales 0.14% 0.24% 0.2% 0.31% 0.71% 0.33% 0.29% 0.29%
Announcement Date 2/18/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
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
BUY
Number of Analysts
4
Last Close Price
38.52 SEK
Average target price
48.5 SEK
Spread / Average Target
+25.91%
Consensus
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