Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Short SellingSee which listed companies have disclosed short interest
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Incap: We are in full swing

ICP1VResearch28.10.2021, 07.19
Inderes
Discuss
Download report (PDF)

Incap published its Q3 report yesterday. The strong H1 was followed by clearly stronger performance than expected. The company's performance is admirably strong and finding operational softness is very difficult. However, the price of the undeniable high-quality company has increased and the 12-month return/risk ratio is no longer what it used to be.

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 Figures28.10.2021

202021e22e
Revenue106.5168.7205.8
growth-%49.9 %58.4 %22.0 %
EBIT (adj.)14.625.932.0
EBIT-% (adj.)13.8 %15.4 %15.5 %
EPS (adj.)0.370.710.87
Dividend0.000.160.18
Dividend %1.9 %2.2 %
P/E (adj.)9.811.89.7
EV/EBITDA7.18.66.7

Forum discussions

I commented on Kitron’s Q3 results in the Scanfil thread. Much of the same applies to Incap as well:
10/22/2026, 6:45 AM
by Tuukka Lundell
19
Incap Group’s business review for January–September 2026 will be published on Thursday, 29 October 2026 at approximately 9:00 a.m. Finnish time...
10/19/2026, 9:35 AM
by Pauliina Tennilä
15
Inderes Incap Romania laajentaa kaapelikokoonpanon kapasiteettiaan sähköbussihanketta... Incap Oyj | Lehdistötiedote | 30.09.2026 klo 10:00:...
9/30/2026, 7:58 AM
by Af Ämbar
24
Antti has written a new company report on Incap In August, Incap launched a share buyback program of a substantial size. From a capital allocation...
9/14/2026, 5:05 AM
by Sijoittaja-alokas
21
While I agree with you when it comes to the website. Seeing the Incap Rocks brand at some conferences, etc with the board members / execs having...
9/1/2026, 9:22 AM
by grandmaster
3
[quote="grandmaster, post:1633, topic:926"]
8/28/2026, 5:35 AM
by Mauri
21
Somewhat stealthily, this fellow has sneaked onto the board since I wasn’t at the annual general meeting. It turns out he partly owns the Norwegian...
8/27/2026, 4:17 PM
by El Hefe
17