View ValuationIcape Holding 향후 성장Future 기준 점검 5/6Icape Holding (는) 각각 연간 36.3% 및 10.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 39.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 32.5% 로 예상됩니다.핵심 정보36.3%이익 성장률39.40%EPS 성장률Electronic 이익 성장33.4%매출 성장률10.4%향후 자기자본이익률32.50%애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트공시 • May 07Icape Holding S.A. Provides Earning Guidance for the Year 2026Icape Holding S.A. provided earning guidance for the Year 2026. For the year, the company expects consolidated annual revenue growth at least equivalent to that achieved in 2025 (+12% in 2025). EBIT margin rate of around 6% which includes the sales performance, the effects of cost reduction plans, synergies related to acquisitions, those related to the gradual closure of loss-making sites and the gradual implementation of a new innovative and disruptive IT tool.공시 • Feb 12Icape Holding S.A. Provides Earnings Guidance for the Year 2026Icape Holding S.A. provided earnings guidance for the year 2026. For the year, annual consolidated revenue growth at least equivalent to that achieved in 2025 (+11.5% in 2025).공시 • May 14The ICAPE Group Reaffirms Earnings Guidance for 2026The ICAPE Group reaffirmed earnings guidance for 2026. For the year, the company reaffirmed all its indicators for 2026, including: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026; an EBIT margin of around 9.5% by 2026.공시 • Mar 27Icape Holding S.A. Provides Earnings Guidance for 2025 and 2026Icape Holding S.A. provided earnings guidance for 2025 and 2026. In 2025, the ICAPE Group intends to pursue its external growth policy by targeting companies with synergies that could lead to significant organic growth post-integration. To date, the Group is in discussions with 12 international targets for a potential of approximately €105.0 million in additional revenue. Strengthened by its role as an expert across the entire printed circuit board value chain, its offensive external growth strategy and the ongoing optimization of its organization, the Group reaffirms all its indicators for 2026, namely: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026.공시 • Feb 15Icape Group Provides Revenue Guidance for 2023 and 2024Icape Group provides earnings guidance for 2023 and 2024. The Group intends to pursue its external growth dynamics in the short and medium term by securing nearly €30 million additional revenue per year in 2023 and 2024, in order to benefit from the current consolidation of the PCB distribution market. ICAPE Group confirms all the commercial and financial objectives communicated at the time of its IPO.모든 업데이트 보기Recent updates공시 • 14h+ 1 more updateIcape Holding S.A. Announces Board ChangesIcape Holding S.A., at the Combined General Meeting held on May 20, 2026 Mr. Jie Chen, Group EVP for China & Southeast Asia, has been appointed as a new director for a two-year term, and Ms. Bingling Li-Sellam, Group CMO, has been appointed as a new director for a one-year term, replacing Ms. Ranxu Mazet.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Philippe Darfeuil was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 07Icape Holding S.A. Provides Earning Guidance for the Year 2026Icape Holding S.A. provided earning guidance for the Year 2026. For the year, the company expects consolidated annual revenue growth at least equivalent to that achieved in 2025 (+12% in 2025). EBIT margin rate of around 6% which includes the sales performance, the effects of cost reduction plans, synergies related to acquisitions, those related to the gradual closure of loss-making sites and the gradual implementation of a new innovative and disruptive IT tool.공시 • Mar 27Icape Holding S.A., Annual General Meeting, May 20, 2026Icape Holding S.A., Annual General Meeting, May 20, 2026.공시 • Mar 26Icape Holding S.A. Proposes Dividend for the Fiscal Year Ended December 31, 2025The Board of Directors of Icape Holding S.A., meeting on March 25, 2026, decided to propose to the General Assembly, to be held on May 20, 2026 the payment of a dividend of €0.09 per share for the fiscal year ended December 31, 2025.공시 • Feb 12Icape Holding S.A. Provides Earnings Guidance for the Year 2026Icape Holding S.A. provided earnings guidance for the year 2026. For the year, annual consolidated revenue growth at least equivalent to that achieved in 2025 (+11.5% in 2025).공시 • Nov 14+ 1 more updateIcape Holding S.A. to Report Fiscal Year 2025 Results on Mar 26, 2026Icape Holding S.A. announced that they will report fiscal year 2025 results Pre-Market on Mar 26, 2026공시 • May 22The ICAPE Group Approves Cash Dividend for the Financial Year 2024, Payable on July 2, 2025The ICAPE Group at its Combined General Meeting held on May 21, 2025, approved dividend payment of €0.13 per share in cash for the financial year 2024. ICAPE Group's Board of Directors fixed the detachment date for the dividend on June 30, 2025, with payment to take place on July 2, 2025.공시 • May 14The ICAPE Group Reaffirms Earnings Guidance for 2026The ICAPE Group reaffirmed earnings guidance for 2026. For the year, the company reaffirmed all its indicators for 2026, including: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026; an EBIT margin of around 9.5% by 2026.공시 • Mar 29Icape Holding S.A., Annual General Meeting, May 21, 2025Icape Holding S.A., Annual General Meeting, May 21, 2025.공시 • Mar 28The ICAPE Group Proposes Distribution of Ordinary Dividend for the 2024, Payable on July 2, 2025The ICAPE Group intends to continue its dividend distribution policy initiated since its IPO, in 2022. To this end, the Board of Directors decided to propose to the Annual General Meeting to be held on Wednesday, May 21, 2025, the distribution of an ordinary dividend in respect of the 2024 financial year of €0.13 per share, representing 28% of the consolidated net income generated in 2024. The detachment date for this dividend is scheduled for June 27, 2025, with payment on July 2, 2025.공시 • Mar 27Icape Holding S.A. Provides Earnings Guidance for 2025 and 2026Icape Holding S.A. provided earnings guidance for 2025 and 2026. In 2025, the ICAPE Group intends to pursue its external growth policy by targeting companies with synergies that could lead to significant organic growth post-integration. To date, the Group is in discussions with 12 international targets for a potential of approximately €105.0 million in additional revenue. Strengthened by its role as an expert across the entire printed circuit board value chain, its offensive external growth strategy and the ongoing optimization of its organization, the Group reaffirms all its indicators for 2026, namely: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026.공시 • Feb 13Icape Holding S.A. (ENXTPA:ALICA) acquired Kingfisher Pcbs Ltd.Icape Holding S.A. (ENXTPA:ALICA) acquired Kingfisher Pcbs Ltd on February 13, 2025. This acquisition is financed in cash and will be consolidated in the ICAPE Group's accounts from February 2025. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of Kingfisher Pcbs Ltd on February 13, 2025.공시 • Jan 08+ 1 more updateIcape Holding S.A. to Report Fiscal Year 2024 Results on Mar 27, 2025Icape Holding S.A. announced that they will report fiscal year 2024 results After-Market on Mar 27, 2025공시 • Dec 18Icape Holding S.A. (ENXTPA:ALICA) acquired Alr Services Limited.Icape Holding S.A. (ENXTPA:ALICA) acquired Alr Services Limited on December 18, 2024. Alr Services has a portfolio of 300 EMS1 and OEM2 customers in the defense and, to a lesser extent, automotive industries, ALR Services Ltd. expects to achieve revenue of £2.5 million in 2024. As a result of this merger, ALR Services now has access to an enriched range of services and to the full purchasing power of the ICAPE Group. This acquisition is financed in cash and will be consolidated in the ICAPE Group's accounts from January 1, 2025. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of Alr Services Limited on December 18, 2024.공시 • Nov 27Icape Holding S.A. (ENXTPA:ALICA) acquired an unknown minority stake in Jiva Materials Limited.Icape Holding S.A. (ENXTPA:ALICA) acquired an unknown minority stake in Jiva Materials Limited on November 26, 2024. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of an unknown minority stake in Jiva Materials Limited on November 26, 2024.Reported Earnings • Sep 29First half 2024 earnings releasedFirst half 2024 results: Revenue: €86.6m (down 8.4% from 1H 2023). Net income: €1.26m (down 32% from 1H 2023). Profit margin: 1.5% (down from 1.9% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.공시 • Sep 20Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of NTW Inc.Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc. on September 16, 2024. The transaction is financed in cash. Completion of the acquisition is subject to customary suspensive conditions and is expected to take place on September 19, 2024. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of NTW Inc. on September 19, 2024.공시 • Sep 16Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc.Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc. on September 16, 2024. The transaction is financed in cash. Completion of the acquisition is subject to customary suspensive conditions and is expected to take place on September 19, 2024.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €12.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 15% over the past year.Upcoming Dividend • Jun 12Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 19 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.7%).공시 • May 23The ICAPE Group Approves Dividend for the Year 2023, Payable on June 21, 2024The ICAPE Group announced that at its general meeting held on May 22, 2024, shareholders approved dividend payment of €0.20 per share for the 2023 financial year. The Board of Directors fixed June 19, 2024, as the detachment date for the dividend, with payment to take place on June 21, 2024.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.05, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Germany. Total loss to shareholders of 30% over the past year.Declared Dividend • Apr 23Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 19th June 2024 Payment date: 21st June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (39% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 5.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €9.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Germany. Total loss to shareholders of 41% over the past year.Reported Earnings • Mar 30Full year 2023 earnings releasedFull year 2023 results: Revenue: €179.5m (down 18% from FY 2022). Net income: €5.20m (down 30% from FY 2022). Profit margin: 2.9% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.공시 • Mar 28Icape Holding S.A. Proposes Distribution of Ordinary Dividend for the 2023, Payable on June 21, 2024Board of Directors of Icape Holding S.A. decided to propose to the Annual General Meeting to be held on May 22, 2024, the distribution of an ordinary dividend in respect of the 2023 financial year of €0.20 per share, representing 39% of the consolidated net income generated in 2023. The detachment date for this dividend is scheduled for June 19, 2024, with payment on June 21, 2024.공시 • Mar 27Icape Holding S.A. to Report Fiscal Year 2023 Final Results on Apr 05, 2024Icape Holding S.A. announced that they will report fiscal year 2023 final results on Apr 05, 2024Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in Germany. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.41 per share.New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €93.0m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€93.0m market cap, or US$99.9m).Reported Earnings • Oct 30First half 2023 earnings released: EPS: €0.22 (vs €0.12 in 1H 2022)First half 2023 results: EPS: €0.22 (up from €0.12 in 1H 2022). Revenue: €94.5m (down 12% from 1H 2022). Net income: €1.84m (up 173% from 1H 2022). Profit margin: 1.9% (up from 0.6% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany.New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.4m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (381% cash payout ratio). Market cap is less than US$100m (€91.4m market cap, or US$96.6m).Reported Earnings • Sep 28First half 2023 earnings releasedFirst half 2023 results: Revenue: €94.5m (down 14% from 1H 2022). Net income: €1.90m (up 100% from 1H 2022). Profit margin: 2.0% (up from 0.9% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.New Risk • Jul 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to €15.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electronic industry in Germany.Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €219.6m (up 30% from FY 2021). Net income: €7.30m (up 198% from FY 2021). Profit margin: 3.3% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany.공시 • Feb 15Icape Group Provides Revenue Guidance for 2023 and 2024Icape Group provides earnings guidance for 2023 and 2024. The Group intends to pursue its external growth dynamics in the short and medium term by securing nearly €30 million additional revenue per year in 2023 and 2024, in order to benefit from the current consolidation of the PCB distribution market. ICAPE Group confirms all the commercial and financial objectives communicated at the time of its IPO.공시 • Jan 04+ 2 more updatesIcape Holding S.A. to Report Fiscal Year 2022 Results on Mar 29, 2023Icape Holding S.A. announced that they will report fiscal year 2022 results on Mar 29, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Deputy CEO, CFO & Director Shora Rokni was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 08First half 2022 earnings releasedFirst half 2022 results: Net income: €900.0k (up €900.0k from 1H 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.이익 및 매출 성장 예측DB:Z8J - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028273131720112/31/2027253101418212/31/202622771115212/31/2025200458N/A6/30/202519441012N/A3/31/20251884810N/A12/31/2024179557N/A9/30/202417741012N/A6/30/202417251516N/A3/31/202417651112N/A12/31/2023186378N/A9/30/2023196646N/A6/30/2023207925N/A3/31/2023213804N/A12/31/20222207-23N/A6/30/20221994-41N/A3/31/20221813-31N/A12/31/20211643-20N/A12/31/20201262710N/A12/31/2019123035N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: Z8J 의 연간 예상 수익 증가율(36.3%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: Z8J 의 연간 수익(36.3%)이 German 시장(17%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: Z8J 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: Z8J 의 수익(연간 10.4%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: Z8J 의 수익(연간 10.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: Z8J의 자본 수익률은 3년 후 32.5%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 01:14종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Icape Holding S.A.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Stephanie LefebvreGilbert DupontGilbert FerrandTPICAP Midcap
공시 • May 07Icape Holding S.A. Provides Earning Guidance for the Year 2026Icape Holding S.A. provided earning guidance for the Year 2026. For the year, the company expects consolidated annual revenue growth at least equivalent to that achieved in 2025 (+12% in 2025). EBIT margin rate of around 6% which includes the sales performance, the effects of cost reduction plans, synergies related to acquisitions, those related to the gradual closure of loss-making sites and the gradual implementation of a new innovative and disruptive IT tool.
공시 • Feb 12Icape Holding S.A. Provides Earnings Guidance for the Year 2026Icape Holding S.A. provided earnings guidance for the year 2026. For the year, annual consolidated revenue growth at least equivalent to that achieved in 2025 (+11.5% in 2025).
공시 • May 14The ICAPE Group Reaffirms Earnings Guidance for 2026The ICAPE Group reaffirmed earnings guidance for 2026. For the year, the company reaffirmed all its indicators for 2026, including: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026; an EBIT margin of around 9.5% by 2026.
공시 • Mar 27Icape Holding S.A. Provides Earnings Guidance for 2025 and 2026Icape Holding S.A. provided earnings guidance for 2025 and 2026. In 2025, the ICAPE Group intends to pursue its external growth policy by targeting companies with synergies that could lead to significant organic growth post-integration. To date, the Group is in discussions with 12 international targets for a potential of approximately €105.0 million in additional revenue. Strengthened by its role as an expert across the entire printed circuit board value chain, its offensive external growth strategy and the ongoing optimization of its organization, the Group reaffirms all its indicators for 2026, namely: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026.
공시 • Feb 15Icape Group Provides Revenue Guidance for 2023 and 2024Icape Group provides earnings guidance for 2023 and 2024. The Group intends to pursue its external growth dynamics in the short and medium term by securing nearly €30 million additional revenue per year in 2023 and 2024, in order to benefit from the current consolidation of the PCB distribution market. ICAPE Group confirms all the commercial and financial objectives communicated at the time of its IPO.
공시 • 14h+ 1 more updateIcape Holding S.A. Announces Board ChangesIcape Holding S.A., at the Combined General Meeting held on May 20, 2026 Mr. Jie Chen, Group EVP for China & Southeast Asia, has been appointed as a new director for a two-year term, and Ms. Bingling Li-Sellam, Group CMO, has been appointed as a new director for a one-year term, replacing Ms. Ranxu Mazet.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Philippe Darfeuil was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 07Icape Holding S.A. Provides Earning Guidance for the Year 2026Icape Holding S.A. provided earning guidance for the Year 2026. For the year, the company expects consolidated annual revenue growth at least equivalent to that achieved in 2025 (+12% in 2025). EBIT margin rate of around 6% which includes the sales performance, the effects of cost reduction plans, synergies related to acquisitions, those related to the gradual closure of loss-making sites and the gradual implementation of a new innovative and disruptive IT tool.
공시 • Mar 27Icape Holding S.A., Annual General Meeting, May 20, 2026Icape Holding S.A., Annual General Meeting, May 20, 2026.
공시 • Mar 26Icape Holding S.A. Proposes Dividend for the Fiscal Year Ended December 31, 2025The Board of Directors of Icape Holding S.A., meeting on March 25, 2026, decided to propose to the General Assembly, to be held on May 20, 2026 the payment of a dividend of €0.09 per share for the fiscal year ended December 31, 2025.
공시 • Feb 12Icape Holding S.A. Provides Earnings Guidance for the Year 2026Icape Holding S.A. provided earnings guidance for the year 2026. For the year, annual consolidated revenue growth at least equivalent to that achieved in 2025 (+11.5% in 2025).
공시 • Nov 14+ 1 more updateIcape Holding S.A. to Report Fiscal Year 2025 Results on Mar 26, 2026Icape Holding S.A. announced that they will report fiscal year 2025 results Pre-Market on Mar 26, 2026
공시 • May 22The ICAPE Group Approves Cash Dividend for the Financial Year 2024, Payable on July 2, 2025The ICAPE Group at its Combined General Meeting held on May 21, 2025, approved dividend payment of €0.13 per share in cash for the financial year 2024. ICAPE Group's Board of Directors fixed the detachment date for the dividend on June 30, 2025, with payment to take place on July 2, 2025.
공시 • May 14The ICAPE Group Reaffirms Earnings Guidance for 2026The ICAPE Group reaffirmed earnings guidance for 2026. For the year, the company reaffirmed all its indicators for 2026, including: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026; an EBIT margin of around 9.5% by 2026.
공시 • Mar 29Icape Holding S.A., Annual General Meeting, May 21, 2025Icape Holding S.A., Annual General Meeting, May 21, 2025.
공시 • Mar 28The ICAPE Group Proposes Distribution of Ordinary Dividend for the 2024, Payable on July 2, 2025The ICAPE Group intends to continue its dividend distribution policy initiated since its IPO, in 2022. To this end, the Board of Directors decided to propose to the Annual General Meeting to be held on Wednesday, May 21, 2025, the distribution of an ordinary dividend in respect of the 2024 financial year of €0.13 per share, representing 28% of the consolidated net income generated in 2024. The detachment date for this dividend is scheduled for June 27, 2025, with payment on July 2, 2025.
공시 • Mar 27Icape Holding S.A. Provides Earnings Guidance for 2025 and 2026Icape Holding S.A. provided earnings guidance for 2025 and 2026. In 2025, the ICAPE Group intends to pursue its external growth policy by targeting companies with synergies that could lead to significant organic growth post-integration. To date, the Group is in discussions with 12 international targets for a potential of approximately €105.0 million in additional revenue. Strengthened by its role as an expert across the entire printed circuit board value chain, its offensive external growth strategy and the ongoing optimization of its organization, the Group reaffirms all its indicators for 2026, namely: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026.
공시 • Feb 13Icape Holding S.A. (ENXTPA:ALICA) acquired Kingfisher Pcbs Ltd.Icape Holding S.A. (ENXTPA:ALICA) acquired Kingfisher Pcbs Ltd on February 13, 2025. This acquisition is financed in cash and will be consolidated in the ICAPE Group's accounts from February 2025. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of Kingfisher Pcbs Ltd on February 13, 2025.
공시 • Jan 08+ 1 more updateIcape Holding S.A. to Report Fiscal Year 2024 Results on Mar 27, 2025Icape Holding S.A. announced that they will report fiscal year 2024 results After-Market on Mar 27, 2025
공시 • Dec 18Icape Holding S.A. (ENXTPA:ALICA) acquired Alr Services Limited.Icape Holding S.A. (ENXTPA:ALICA) acquired Alr Services Limited on December 18, 2024. Alr Services has a portfolio of 300 EMS1 and OEM2 customers in the defense and, to a lesser extent, automotive industries, ALR Services Ltd. expects to achieve revenue of £2.5 million in 2024. As a result of this merger, ALR Services now has access to an enriched range of services and to the full purchasing power of the ICAPE Group. This acquisition is financed in cash and will be consolidated in the ICAPE Group's accounts from January 1, 2025. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of Alr Services Limited on December 18, 2024.
공시 • Nov 27Icape Holding S.A. (ENXTPA:ALICA) acquired an unknown minority stake in Jiva Materials Limited.Icape Holding S.A. (ENXTPA:ALICA) acquired an unknown minority stake in Jiva Materials Limited on November 26, 2024. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of an unknown minority stake in Jiva Materials Limited on November 26, 2024.
Reported Earnings • Sep 29First half 2024 earnings releasedFirst half 2024 results: Revenue: €86.6m (down 8.4% from 1H 2023). Net income: €1.26m (down 32% from 1H 2023). Profit margin: 1.5% (down from 1.9% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
공시 • Sep 20Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of NTW Inc.Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc. on September 16, 2024. The transaction is financed in cash. Completion of the acquisition is subject to customary suspensive conditions and is expected to take place on September 19, 2024. Icape Holding S.A. (ENXTPA:ALICA) completed the acquisition of NTW Inc. on September 19, 2024.
공시 • Sep 16Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc.Icape Holding S.A. (ENXTPA:ALICA) agreed to acquire NTW Inc. on September 16, 2024. The transaction is financed in cash. Completion of the acquisition is subject to customary suspensive conditions and is expected to take place on September 19, 2024.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €12.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 15% over the past year.
Upcoming Dividend • Jun 12Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 19 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.7%).
공시 • May 23The ICAPE Group Approves Dividend for the Year 2023, Payable on June 21, 2024The ICAPE Group announced that at its general meeting held on May 22, 2024, shareholders approved dividend payment of €0.20 per share for the 2023 financial year. The Board of Directors fixed June 19, 2024, as the detachment date for the dividend, with payment to take place on June 21, 2024.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.05, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Germany. Total loss to shareholders of 30% over the past year.
Declared Dividend • Apr 23Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 19th June 2024 Payment date: 21st June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (39% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 5.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €9.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Germany. Total loss to shareholders of 41% over the past year.
Reported Earnings • Mar 30Full year 2023 earnings releasedFull year 2023 results: Revenue: €179.5m (down 18% from FY 2022). Net income: €5.20m (down 30% from FY 2022). Profit margin: 2.9% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.
공시 • Mar 28Icape Holding S.A. Proposes Distribution of Ordinary Dividend for the 2023, Payable on June 21, 2024Board of Directors of Icape Holding S.A. decided to propose to the Annual General Meeting to be held on May 22, 2024, the distribution of an ordinary dividend in respect of the 2023 financial year of €0.20 per share, representing 39% of the consolidated net income generated in 2023. The detachment date for this dividend is scheduled for June 19, 2024, with payment on June 21, 2024.
공시 • Mar 27Icape Holding S.A. to Report Fiscal Year 2023 Final Results on Apr 05, 2024Icape Holding S.A. announced that they will report fiscal year 2023 final results on Apr 05, 2024
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in Germany. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.41 per share.
New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €93.0m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€93.0m market cap, or US$99.9m).
Reported Earnings • Oct 30First half 2023 earnings released: EPS: €0.22 (vs €0.12 in 1H 2022)First half 2023 results: EPS: €0.22 (up from €0.12 in 1H 2022). Revenue: €94.5m (down 12% from 1H 2022). Net income: €1.84m (up 173% from 1H 2022). Profit margin: 1.9% (up from 0.6% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany.
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.4m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (381% cash payout ratio). Market cap is less than US$100m (€91.4m market cap, or US$96.6m).
Reported Earnings • Sep 28First half 2023 earnings releasedFirst half 2023 results: Revenue: €94.5m (down 14% from 1H 2022). Net income: €1.90m (up 100% from 1H 2022). Profit margin: 2.0% (up from 0.9% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
New Risk • Jul 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to €15.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electronic industry in Germany.
Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €219.6m (up 30% from FY 2021). Net income: €7.30m (up 198% from FY 2021). Profit margin: 3.3% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany.
공시 • Feb 15Icape Group Provides Revenue Guidance for 2023 and 2024Icape Group provides earnings guidance for 2023 and 2024. The Group intends to pursue its external growth dynamics in the short and medium term by securing nearly €30 million additional revenue per year in 2023 and 2024, in order to benefit from the current consolidation of the PCB distribution market. ICAPE Group confirms all the commercial and financial objectives communicated at the time of its IPO.
공시 • Jan 04+ 2 more updatesIcape Holding S.A. to Report Fiscal Year 2022 Results on Mar 29, 2023Icape Holding S.A. announced that they will report fiscal year 2022 results on Mar 29, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Deputy CEO, CFO & Director Shora Rokni was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 08First half 2022 earnings releasedFirst half 2022 results: Net income: €900.0k (up €900.0k from 1H 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.