Financials Incuvo S.A.

Equities

IVO

PLA295700027

IT Services & Consulting

End-of-day quote Warsaw S.E. 18:00:00 2024-06-06 EDT 5-day change 1st Jan Change
1.315 PLN +5.62% Intraday chart for Incuvo S.A. +15.86% -44.98%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 66.85 44.85 34.14
Enterprise Value (EV) 1 65.12 38.74 25.7
P/E ratio -119 x 6.48 x 11.3 x
Yield - - -
Capitalization / Revenue 45.5 x 2.07 x 1.66 x
EV / Revenue 44.4 x 1.79 x 1.25 x
EV / EBITDA 176 x 3.96 x 3.55 x
EV / FCF 159,819,528 x 12,964,994 x 13,334,699 x
FCF Yield 0% 0% 0%
Price to Book 16.7 x 4.21 x 2.46 x
Nbr of stocks (in thousands) 14,285 14,285 14,285
Reference price 2 4.680 3.140 2.390
Announcement Date 22-03-18 23-03-20 24-03-20
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023
Net sales 1 1.774 1.468 21.65 20.52
EBITDA 1 0.191 0.369 9.788 7.231
EBIT 1 -0.1272 0.0386 7.404 3.919
Operating Margin -7.17% 2.63% 34.2% 19.1%
Earnings before Tax (EBT) 1 0.0423 -0.407 8.033 3.428
Net income 1 0.1544 -0.5614 6.917 3.025
Net margin 8.7% -38.24% 31.95% 14.74%
EPS 2 0.0108 -0.0393 0.4842 0.2118
Free Cash Flow - 0.4075 2.988 1.927
FCF margin - 27.75% 13.8% 9.39%
FCF Conversion (EBITDA) - 110.42% 30.53% 26.65%
FCF Conversion (Net income) - - 43.2% 63.71%
Dividend per Share - - - -
Announcement Date 22-03-18 22-03-18 23-03-20 24-03-20
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023
Net Debt 1 - - - -
Net Cash position 1 1.49 1.73 6.11 8.44
Leverage (Debt/EBITDA) - - - -
Free Cash Flow - 0.41 2.99 1.93
ROE (net income / shareholders' equity) - -12.2% 94.1% 24.7%
ROA (Net income/ Total Assets) - 0.33% 35.7% 12.9%
Assets 1 - -170.6 19.37 23.46
Book Value Per Share 2 0.3300 0.2800 0.7500 0.9700
Cash Flow per Share 2 0.1100 0.1200 0.4300 0.5900
Capex 1 0.04 0.05 4.15 3.92
Capex / Sales 2.18% 3.3% 19.15% 19.11%
Announcement Date 22-03-18 22-03-18 23-03-20 24-03-20
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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