Company Valuation: Incap Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 459.2 500.8 228.1 301.4 289.2 259.4 - -
Change - 9.06% -54.44% 32.13% -4.07% -10.29% - -
Enterprise Value (EV) 1 461.2 514.7 219.9 260.5 236.3 244.8 228 206.7
Change - 11.6% -57.26% 18.45% -9.3% 3.61% -6.86% -9.34%
P/E 21.8x 18.2x 11.4x 13.3x 20.9x 12.5x 10.6x 9.52x
PBR 7.3x 5.72x 2.13x 2.27x 2.13x 1.66x 1.44x 1.27x
PEG - 0.6x -0.4x 1x -0.5x 0.3x 0.6x 0.9x
Capitalization / Revenue 2.7x 1.9x 1.03x 1.31x 1.35x 0.92x 0.8x 0.75x
EV / Revenue 2.72x 1.95x 0.99x 1.13x 1.1x 0.87x 0.7x 0.59x
EV / EBITDA 15.8x 12x 6.24x 7.29x 7.38x 6.29x 5.07x 4.3x
EV / EBIT 17.2x 12.9x 7.19x 8.65x 9.07x 7.54x 5.99x 5.06x
EV / FCF 89.6x -82x 5.82x 7.89x 12.9x -6.59x 12.5x 8.53x
FCF Yield 1.12% -1.22% 17.2% 12.7% 7.73% -15.2% 7.98% 11.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.72 0.94 0.68 0.77 0.47 0.705 0.835 0.925
Distribution rate - - - - - - - -
Net sales 1 169.8 263.8 221.6 230.1 214.6 281.5 324.2 347.5
EBITDA 1 29.26 42.77 35.22 35.74 32.03 38.95 44.95 48.1
EBIT 1 26.8 40 30.6 30.11 26.05 32.45 38.1 40.85
Net income 1 21.1 27.6 19.82 22.73 13.97 20.2 23.5 25.5
Net Debt 1 2 13.88 -8.2 -40.92 -52.88 -14.6 -31.4 -52.7
Reference price 2 15.700 17.100 7.750 10.240 9.820 8.810 8.810 8.810
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.($)
12.5x0.87x6.29x - 297M
18.12x2.49x10.97x2.82% 264B
26.78x3.12x16.9x1.98% 250B
30.2x3.88x17.9x1.64% 180B
50.87x6.81x29.33x0.86% 169B
34.47x5.31x22.62x1.08% 155B
102.51x14.33x74.26x0.29% 118B
51.57x8.26x33.6x0.08% 115B
28.54x4.69x16.39x1.59% 77.88B
37.3x5.86x24.93x1.07% 55B
Average 39.29x 5.56x 25.32x 1.27% 138.47B
Weighted average by Cap. 38.43x 5.38x 24.64x 1.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA