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Incap OyjHLSE:ICP1V Stock Report

Market Cap €259.7m
Share Price
€8.82
€13
32.2% undervalued intrinsic discount
1Y-14.2%
7D-1.8%
1D
Portfolio Value
View

Incap Oyj

HLSE:ICP1V Stock Report

Market Cap: €259.7m

Incap Oyj (ICP1V) Stock Overview

Provides electronics manufacturing services in Europe, North America, and Asia. More details

ICP1V fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends0/6

ICP1V Community Fair Values

Create Narrative

See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

Incap Oyj Competitors

Price History & Performance

Summary of share price highs, lows and changes for Incap Oyj
Historical stock prices
Current Share Price€8.82
52 Week High€12.40
52 Week Low€8.54
Beta1.42
1 Month Change-16.64%
3 Month Change-9.54%
1 Year Change-14.20%
3 Year Change-8.13%
5 Year Change14.69%
Change since IPO-89.54%

Recent News & Updates

Narrative Update May 01

ICP1V: Stable Assumptions Will Support Higher Future Margin And Earnings Multiple

Analysts have slightly adjusted their price target on Incap Oyj to €13.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior expectations.
Narrative Update Apr 11

ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple

Analysts have kept Incap Oyj's price target broadly unchanged at €13.00, reflecting only minor tweaks to their models around discount rate assumptions and long term revenue growth and profit margin inputs. Valuation Changes Fair Value: Held steady at €13.0 per share, with no change to the central valuation estimate.
Narrative Update Mar 28

ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple

Analysts have reaffirmed their view on Incap Oyj with an updated price target of €13.00, reflecting only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions while keeping their overall valuation stance steady. Valuation Changes Fair Value: Kept steady at €13.00 per share, indicating no change in the core value estimate.

Recent updates

Narrative Update May 01

ICP1V: Stable Assumptions Will Support Higher Future Margin And Earnings Multiple

Analysts have slightly adjusted their price target on Incap Oyj to €13.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior expectations.
Narrative Update Apr 11

ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple

Analysts have kept Incap Oyj's price target broadly unchanged at €13.00, reflecting only minor tweaks to their models around discount rate assumptions and long term revenue growth and profit margin inputs. Valuation Changes Fair Value: Held steady at €13.0 per share, with no change to the central valuation estimate.
Narrative Update Mar 28

ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple

Analysts have reaffirmed their view on Incap Oyj with an updated price target of €13.00, reflecting only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions while keeping their overall valuation stance steady. Valuation Changes Fair Value: Kept steady at €13.00 per share, indicating no change in the core value estimate.
Narrative Update Mar 13

ICP1V: New Testing Automation Will Support Faster Output And Higher Future Multiple

Analysts have reduced their price target for Incap Oyj to €13.00. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E, while keeping their fair value view broadly in line with prior estimates.
Narrative Update Feb 27

ICP1V: Automated Testing Investment Will Support Higher Future Earnings Multiple

Analysts have lifted their price target on Incap Oyj from €11 to €13, citing updated assumptions for revenue growth, profit margins and future P/E that reshape their view of the company’s risk and return profile. What's in the News Incap Estonia has added a new high precision flying probe system to its production, focusing on improving testing of assembled circuit boards before they move to the next stage of manufacturing (Key Developments).
Narrative Update Dec 05

ICP1V: Future Outlook Will Balance Softer Profitability With Stable Earnings Multiple

Analysts have trimmed their fair value estimate for Incap Oyj from €12.00 to €11.00, reflecting slightly softer expectations for revenue growth and profitability, as well as a modestly higher discount rate, even as future valuation multiples edge up. Valuation Changes The fair value estimate has been reduced slightly from €12.00 to €11.00 per share.
Analysis Article Jul 23

Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Apr 30

Incap Oyj Just Missed EPS By 30%: Here's What Analysts Think Will Happen Next

The analysts might have been a bit too bullish on Incap Oyj ( HEL:ICP1V ), given that the company fell short of...
Analysis Article Apr 08

An Intrinsic Calculation For Incap Oyj (HEL:ICP1V) Suggests It's 44% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Incap Oyj fair value estimate is €17.80 Current share price of...
User avatar
New Narrative Mar 17

Investments In SMT Technology And ESG Initiatives Will Drive Future Expansion

Completion of destocking and customer acquisitions positions Incap for sustainable revenue and earnings growth via inventory normalization and cross-selling opportunities.
Analysis Article Mar 08

Shareholders Can Be Confident That Incap Oyj's (HEL:ICP1V) Earnings Are High Quality

Incap Oyj's ( HEL:ICP1V ) earnings announcement last week was disappointing for investors, despite the decent profit...
Analysis Article Mar 05

Incap Oyj Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a sad week for Incap Oyj ( HEL:ICP1V ), who've watched their investment drop 13% to €10.65 in the week since...
Analysis Article Jan 21

Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Dec 07

Take Care Before Diving Into The Deep End On Incap Oyj (HEL:ICP1V)

With a median price-to-earnings (or "P/E") ratio of close to 18x in Finland, you could be forgiven for feeling...
Analysis Article Oct 29

Earnings Miss: Incap Oyj Missed EPS By 8.1% And Analysts Are Revising Their Forecasts

Investors in Incap Oyj ( HEL:ICP1V ) had a good week, as its shares rose 2.8% to close at €10.76 following the release...
Analysis Article Jun 12

Capital Allocation Trends At Incap Oyj (HEL:ICP1V) Aren't Ideal

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article May 21

Incap Oyj (HEL:ICP1V) Stock Rockets 36% As Investors Are Less Pessimistic Than Expected

Incap Oyj ( HEL:ICP1V ) shares have continued their recent momentum with a 36% gain in the last month alone. Taking a...
Analysis Article May 04

Most Shareholders Will Probably Find That The CEO Compensation For Incap Oyj (HEL:ICP1V) Is Reasonable

Key Insights Incap Oyj to hold its Annual General Meeting on 10th of May Total pay for CEO Otto Pukk includes €264.0k...
Analysis Article Mar 03

Incap Oyj (HEL:ICP1V) Surges 28% Yet Its Low P/E Is No Reason For Excitement

Despite an already strong run, Incap Oyj ( HEL:ICP1V ) shares have been powering on, with a gain of 28% in the last...
Analysis Article Feb 25

Incap Oyj (HEL:ICP1V) Just Reported And Analysts Have Been Cutting Their Estimates

Shareholders of Incap Oyj ( HEL:ICP1V ) will be pleased this week, given that the stock price is up 18% to €8.59...
Analysis Article Feb 24

Here's What's Concerning About Incap Oyj's (HEL:ICP1V) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article Dec 21

Should You Think About Buying Incap Oyj (HEL:ICP1V) Now?

While Incap Oyj ( HEL:ICP1V ) might not have the largest market cap around , it saw a significant share price rise of...
Analysis Article Nov 03

Some Investors May Be Worried About Incap Oyj's (HEL:ICP1V) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article Oct 10

The Consensus EPS Estimates For Incap Oyj (HEL:ICP1V) Just Fell Dramatically

One thing we could say about the analysts on Incap Oyj ( HEL:ICP1V ) - they aren't optimistic, having just made a major...
Analysis Article Jul 04

Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 05

Shareholders Are Optimistic That Incap Oyj (HEL:ICP1V) Will Multiply In Value

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article Feb 23

Should You Be Adding Incap Oyj (HEL:ICP1V) To Your Watchlist Today?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Jul 21

At €13.06, Is It Time To Put Incap Oyj (HEL:ICP1V) On Your Watch List?

Incap Oyj ( HEL:ICP1V ), is not the largest company out there, but it led the HLSE gainers with a relatively large...
Analysis Article Jun 15

Many Would Be Envious Of Incap Oyj's (HEL:ICP1V) Excellent Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Mar 21

Here's Why I Think Incap Oyj (HEL:ICP1V) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article Mar 07

These 4 Measures Indicate That Incap Oyj (HEL:ICP1V) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

ICP1VFI ElectronicFI Market
7D-1.8%-0.2%2.1%
1Y-14.2%9.4%31.0%

Return vs Industry: ICP1V underperformed the Finnish Electronic industry which returned 8.8% over the past year.

Return vs Market: ICP1V underperformed the Finnish Market which returned 29.1% over the past year.

Price Volatility

Is ICP1V's price volatile compared to industry and market?
ICP1V volatility
ICP1V Average Weekly Movement4.7%
Electronic Industry Average Movement4.3%
Market Average Movement5.1%
10% most volatile stocks in FI Market7.9%
10% least volatile stocks in FI Market3.2%

Stable Share Price: ICP1V has not had significant price volatility in the past 3 months compared to the Finnish market.

Volatility Over Time: ICP1V's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985906Otto Pukkincapcorp.com

Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Europe, North America, and Asia. The company offers prototyping and engineering, PCB assembly manufacturing, box-build assembly, customized solutions, cable and wire harness assemblies, magnetic assemblies, engineering, and after sales services. It serves aerospace, automotive, consumer electronics, data storage and media, oil, gas and mining, power, security, telecom, transport and infrastructure, and gaming markets.

Incap Oyj Fundamentals Summary

How do Incap Oyj's earnings and revenue compare to its market cap?
ICP1V fundamental statistics
Market cap€259.73m
Earnings (TTM)€13.97m
Revenue (TTM)€215.22m
18.6x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ICP1V income statement (TTM)
Revenue€215.22m
Cost of Revenue€141.25m
Gross Profit€73.97m
Other Expenses€60.00m
Earnings€13.97m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 30, 2026

Earnings per share (EPS)0.47
Gross Margin34.37%
Net Profit Margin6.49%
Debt/Equity Ratio16.2%

How did ICP1V perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 13:03
End of Day Share Price 2026/05/21 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Incap Oyj is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Antti-Pekka ViljakainenInderes Oy
Pasi VäisänenNordea Markets