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Incap: Quality, strength and mellowness

ICP1VExtensive research23.03.2022, 12.52
Joonas KorkiakoskiAnalyst
Discuss
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Over the past few years, Incap's performance has been fierce, despite the external challenges it has faced. The operational performance of the company that has undoubtedly demonstrated its quality is excellent and the longer-term ability to create value is good. However, the company's price has risen and we do not believe that the return/risk ratio for the next year is good enough.

Incap operates in the industrial sector. The company supplies equipment and services for industrial players, where the range includes PCB assembly, system integration, box building integration, design validation, and inspection methods. The largest operations are found in the Nordic, Baltic and Asian regions. The company was originally established in 1985 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures22.03.2022

202122e23e
Revenue169.8207.1231.9
growth-%59.4 %22.0 %12.0 %
EBIT (adj.)26.832.736.8
EBIT-% (adj.)15.8 %15.8 %15.9 %
EPS (adj.)0.740.901.00
Dividend0.160.180.20
Dividend %1.0 %2.2 %2.4 %
P/E (adj.)21.29.18.2
EV/EBITDA15.86.45.4

Forum discussions

Inderes Incap Oyj: Omien osakkeiden hankinta viikolla 32, 2026 - Inderes Incap Oyj | Pörssitiedote | 10.08.2026 klo 15:00:00 EESTIncap OyjPö...
8/10/2026, 2:29 PM
by Harvasepäivä
12
Can anybody confirm for me, is this the first share buyback in Incaps ’ lengthy history? If it is, that changes the profile.
8/6/2026, 1:20 PM
by grandmaster
5
Here are Pete’s comments on Incap’s share buybacks Incap announced on Wednesday that it is launching a share buyback program of up to 15 MEUR...
8/6/2026, 7:05 AM
by Sijoittaja-alokas
8
Let’s hope it doesn’t get too carried away, but I wouldn’t mind seeing it start with a seven. It’s rare for these to be done without any impact...
8/6/2026, 5:46 AM
by yellowbeak
6
So, they are buying back shares at a higher price using the owners’ capital. Hurrah! The share price of that company has collapsed due to the...
8/5/2026, 8:18 PM
by JuhaR
7
Great news and the stock price is responding! At the end of June, there was over 50 million euros in cash reserves, which can be put to good...
8/5/2026, 6:28 PM
by yellowbeak
5
AppLovin 2.0 Traditional growth story, done right. Management doesn’t disappoint by chasing M&A PR announcements when attractive prices aren...
8/5/2026, 2:50 PM
by grandmaster
13