Company Valuation: Incap Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 459.2 500.8 228.1 301.4 289.2 241.5 - -
Change - 9.06% -54.44% 32.13% -4.07% -16.5% - -
Enterprise Value (EV) 1 461.2 514.7 219.9 260.5 236.3 232.8 221.2 188.8
Change - 11.6% -57.26% 18.45% -9.3% -1.49% -4.96% -14.67%
P/E 21.8x 18.2x 11.4x 13.3x 20.9x 14.6x 11x 9.82x
PBR 7.3x 5.72x 2.13x 2.27x 2.13x 1.62x 1.42x 1.21x
PEG - 0.6x -0.4x 1x -0.5x 0.8x 0.3x 0.8x
Capitalization / Revenue 2.7x 1.9x 1.03x 1.31x 1.35x 0.86x 0.75x 0.71x
EV / Revenue 2.72x 1.95x 0.99x 1.13x 1.1x 0.83x 0.69x 0.55x
EV / EBITDA 15.8x 12x 6.24x 7.29x 7.38x 6.76x 5.36x 4.26x
EV / EBIT 17.2x 12.9x 7.19x 8.65x 9.07x 9.07x 6.93x 5.39x
EV / FCF 89.6x -82x 5.82x 7.89x 12.9x -15.4x 13.2x 8.37x
FCF Yield 1.12% -1.22% 17.2% 12.7% 7.73% -6.47% 7.59% 11.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.72 0.94 0.68 0.77 0.47 0.56 0.745 0.835
Distribution rate - - - - - - - -
Net sales 1 169.8 263.8 221.6 230.1 214.6 280.1 319.8 340.8
EBITDA 1 29.26 42.77 35.22 35.74 32.03 34.45 41.25 44.35
EBIT 1 26.8 40 30.6 30.11 26.05 25.65 31.9 35.05
Net income 1 21.1 27.6 19.82 22.73 13.97 16.55 21.5 23.85
Net Debt 1 2 13.88 -8.2 -40.92 -52.88 -8.7 -20.25 -52.7
Reference price 2 15.700 17.100 7.750 10.240 9.820 8.200 8.200 8.200
Nbr of stocks (in thousands) 29,247 29,285 29,437 29,437 29,448 29,448 - -
Announcement Date 2/24/22 2/22/23 2/22/24 2/28/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.79x0.83x6.74x - 283M
24.36x2.92x15.98x2.13% 236B
15.94x2.04x9.16x3.17% 231B
30.6x3.92x18.13x1.59% 190B
37.78x5.61x23.81x1.01% 165B
39.48x5.28x23.67x1.26% 133B
93.95x11.83x67.16x0.34% 99.77B
42.55x7x28.13x0.1% 98.97B
31.14x5.04x17.55x1.45% 84.89B
32.98x7.13x22.42x0.56% 55.45B
Average 36.36x 5.16x 23.27x 1.29% 129.45B
Weighted average by Cap. 34.61x 4.82x 22.12x 1.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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