View Financial HealthIcape Holding 배당 및 자사주 매입배당 기준 점검 2/6Icape Holding 수익으로 충분히 충당되는 현재 수익률 1.27% 보유한 배당금 지급 회사입니다.핵심 정보1.3%배당 수익률1.8%자사주 매입 수익률총 주주 수익률3.0%미래 배당 수익률5.7%배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향20%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 23Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (1.2%).Declared Dividend • Apr 09Dividend reduced to €0.09Dividend of €0.09 is 31% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • 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.Upcoming Dividend • Jun 23Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.5%).분석 기사 • Jun 22Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) is reducing its dividend from last year's comparable payment to €0.13 on the 2nd of...분석 기사 • May 28Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) has announced that on 2nd of July, it will be paying a dividend of€0.13, which a...모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 23Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (1.2%).공고 • May 22+ 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.Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €6.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Electronic industry in France. Total loss to shareholders of 62% over the past three years.공고 • 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.New Risk • Apr 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (€43.4m market cap, or US$50.9m).New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€34.1m market cap, or US$40.0m).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Electronic industry in France. Total loss to shareholders of 67% over the past three years.Declared Dividend • Apr 09Dividend reduced to €0.09Dividend of €0.09 is 31% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Mar 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€30.9m market cap, or US$35.6m).Reported Earnings • Mar 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: €0.05 loss per share (down from €0.46 profit in FY 2024). Revenue: €200.3m (up 10% from FY 2024). Net income: €3.59m (down 3.5% from FY 2024). Profit margin: 1.8% (down from 2.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in France. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.공고 • Mar 27Icape Holding S.A., Annual General Meeting, May 20, 2026Icape Holding S.A., Annual General Meeting, May 20, 2026.공고 • 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.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.46, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 2x in the Electronic industry in France. Total loss to shareholders of 67% over the past three years.공고 • 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).Price Target Changed • Jan 17Price target decreased by 9.8% to €9.83Down from €10.90, the current price target is an average from 3 analysts. New target price is 57% above last closing price of €6.26. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.69 for next year compared to €0.46 last year.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electronic industry in France. Total loss to shareholders of 49% over the past three years.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.83 to €0.72. Revenue forecast unchanged from €210.6m at last update. Net income forecast to grow 109% next year vs 52% growth forecast for Electronic industry in France. Consensus price target of €11.00 unchanged from last update. Share price rose 10% to €6.98 over the past week.공고 • 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, 2026분석 기사 • Oct 11There May Be Reason For Hope In Icape Holding's (EPA:ALICA) Disappointing EarningsShareholders appeared unconcerned with Icape Holding S.A.'s ( EPA:ALICA ) lackluster earnings report last week. Our...Major Estimate Revision • Oct 08Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €208.0m to €210.6m. EPS estimate increased from €0.689 to €0.83 per share. Net income forecast to grow 137% next year vs 46% growth forecast for Electronic industry in France. Consensus price target broadly unchanged at €11.00. Share price fell 7.1% to €6.50 over the past week.New Risk • Oct 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€53.4m market cap, or US$62.3m).Reported Earnings • Oct 06First half 2025 earnings releasedFirst half 2025 results: EPS: €0.13. Revenue: €102.0m (up 18% from 1H 2024). Net income: €1.09m (down 13% from 1H 2024). Profit margin: 1.1% (down from 1.5% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in France.New Risk • Oct 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€56.6m market cap, or US$66.4m).Upcoming Dividend • Jun 23Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.5%).분석 기사 • Jun 22Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) is reducing its dividend from last year's comparable payment to €0.13 on the 2nd of...분석 기사 • May 28Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) has announced that on 2nd of July, it will be paying a dividend of€0.13, which a...공고 • 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.분석 기사 • May 14Icape Holding (EPA:ALICA) Has Announced That Its Dividend Will Be Reduced To €0.13Icape Holding S.A.'s ( EPA:ALICA ) dividend is being reduced from last year's payment covering the same period to €0.13...공고 • 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.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €7.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in France. Total loss to shareholders of 21% over the past year.분석 기사 • Apr 11Weak Statutory Earnings May Not Tell The Whole Story For Icape Holding (EPA:ALICA)Icape Holding S.A.'s ( EPA:ALICA ) stock showed strength, with investors undeterred by its weak earnings report...New Risk • Apr 07New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (€55.0m market cap, or US$60.3m).Reported Earnings • Apr 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.46 (down from €0.68 in FY 2023). Revenue: €181.7m (up 1.2% from FY 2023). Net income: €3.72m (down 32% from FY 2023). Profit margin: 2.0% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in France.분석 기사 • Mar 31Icape Holding's (EPA:ALICA) Dividend Will Be Reduced To €0.13The board of Icape Holding S.A. ( EPA:ALICA ) has announced that the dividend on 2nd of July will be reduced by 35...Declared Dividend • Mar 30Dividend reduced to €0.13Dividend of €0.13 is 35% lower than last year. Ex-date: 27th June 2025 Payment date: 2nd July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.4%. Sustainability & Growth The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 243% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Mar 29Icape Holding S.A., Annual General Meeting, May 21, 2025Icape Holding S.A., Annual General Meeting, May 21, 2025.Major Estimate Revision • Mar 28Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €207.9m to €203.9m. EPS estimate rose from €0.634 to €0.735. Net income forecast to shrink 17% next year vs 38% growth forecast for Electronic industry in France . Consensus price target of €10.90 unchanged from last update. Share price rose 4.7% to €7.12 over the past week.공고 • 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.공고 • 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.Buy Or Sell Opportunity • Mar 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €7.18. The fair value is estimated to be €9.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last year. Earnings per share has declined by 37%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.22, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Electronic industry in France. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.02 per share.공고 • 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.공고 • 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, 2025Buy Or Sell Opportunity • Jan 02Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at €9.10. The fair value is estimated to be €12.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last year. Earnings per share has declined by 37%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.분석 기사 • Dec 31Icape Holding (EPA:ALICA) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€61.3m market cap, or US$64.1m).Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €9.08, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Electronic industry in France. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.24 per share.공고 • 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.공고 • 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.Price Target Changed • Nov 11Price target decreased by 12% to €11.50Down from €13.00, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €8.10. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.68 last year.Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €197.8m to €182.1m. EPS estimate also fell from €0.464 per share to €0.356 per share. Net income forecast to shrink 27% next year vs 13% growth forecast for Electronic industry in France . Consensus price target down from €13.00 to €12.50. Share price rose 3.3% to €8.08 over the past week.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.56, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electronic industry in France. Total loss to shareholders of 32% over the past year.분석 기사 • Oct 04Some Investors May Be Willing To Look Past Icape Holding's (EPA:ALICA) Soft EarningsSoft earnings didn't appear to concern Icape Holding S.A.'s ( EPA:ALICA ) shareholders over the last week. We think...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 24% growth forecast for the Electronic industry in France.Major Estimate Revision • Sep 27Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €201.8m to €197.8m. EPS estimate also fell from €0.664 per share to €0.465 per share. Net income forecast to shrink 32% next year vs 64% growth forecast for Electronic industry in France . Consensus price target down from €15.00 to €13.00. Share price fell 3.2% to €9.10 over the past week.Price Target Changed • Sep 26Price target decreased by 9.4% to €14.50Down from €16.00, the current price target is an average from 2 analysts. New target price is 54% above last closing price of €9.42. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.68 last year.공고 • 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.공고 • 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.Major Estimate Revision • Sep 08Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €206.3m to €201.8m. EPS estimate also fell from €0.76 per share to €0.664 per share. Net income forecast to shrink 2.1% next year vs 35% growth forecast for Electronic industry in France . Consensus price target down from €16.00 to €15.00. Share price was steady at €9.90 over the past week.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €11.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 24% over the past year.분석 기사 • Jun 16Icape Holding (EPA:ALICA) Is Due To Pay A Dividend Of €0.20The board of Icape Holding S.A. ( EPA:ALICA ) has announced that it will pay a dividend of €0.20 per share on the 21st...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 French dividend payers (5.2%). Higher than average of industry peers (0.7%).New Risk • Jun 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.3% average weekly change).분석 기사 • Jun 01Even With A 27% Surge, Cautious Investors Are Not Rewarding Icape Holding S.A.'s (EPA:ALICA) Performance CompletelyIcape Holding S.A. ( EPA:ALICA ) shares have continued their recent momentum with a 27% gain in the last month alone...분석 기사 • May 27Icape Holding (EPA:ALICA) Is Paying Out A Dividend Of €0.20Icape Holding S.A. ( EPA:ALICA ) has announced that it will pay a dividend of €0.20 per share on the 21st of June. This...공고 • 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 €11.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 30% over the past year.분석 기사 • May 13Icape Holding (EPA:ALICA) Has Announced A Dividend Of €0.20Icape Holding S.A.'s ( EPA:ALICA ) investors are due to receive a payment of €0.20 per share on 21st of June. This...분석 기사 • Apr 29Icape Holding (EPA:ALICA) Is Due To Pay A Dividend Of €0.20Icape Holding S.A.'s ( EPA:ALICA ) investors are due to receive a payment of €0.20 per share on 21st of June. Based on...분석 기사 • Apr 15Icape Holding (EPA:ALICA) Has Affirmed Its Dividend Of €0.20Icape Holding S.A. ( EPA:ALICA ) will pay a dividend of €0.20 on the 21st of June. This means the annual payment will...Declared Dividend • Apr 15Dividend 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 1.9%, which is lower than the industry average of 2.4%. 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.분석 기사 • Apr 12The Market Lifts Icape Holding S.A. (EPA:ALICA) Shares 29% But It Can Do MoreIcape Holding S.A. ( EPA:ALICA ) shareholders are no doubt pleased to see that the share price has bounced 29% in the...Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €10.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in France. Total loss to shareholders of 34% 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 20% growth forecast for the Electronic industry in France.공고 • 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.공고 • 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 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.52 per share.분석 기사 • Mar 13Investors Met With Slowing Returns on Capital At Icape Holding (EPA:ALICA)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (6.4% average weekly change). Market cap is less than US$100m (€82.9m market cap, or US$89.3m).Major Estimate Revision • Feb 09Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.77 to €0.66. Revenue forecast unchanged from €186.4m at last update. Net income forecast to shrink 31% next year vs 9.7% growth forecast for Electronic industry in France . Consensus price target down from €18.50 to €16.00. Share price fell 8.6% to €10.60 over the past week.New Risk • Feb 06New 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 Risk Market cap is less than US$100m (€93.0m market cap, or US$99.9m).Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €13.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in France. Total loss to shareholders of 17% over the past year.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 19% growth forecast for the Electronic industry in France.분석 기사 • Oct 28Analysts Just Slashed Their Icape Holding S.A. (EPA:ALICA) EPS NumbersToday is shaping up negative for Icape Holding S.A. ( EPA:ALICA ) shareholders, with the analysts delivering a...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 Risk Market cap is less than US$100m (€91.4m market cap, or US$96.6m).Major Estimate Revision • Oct 27Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €208.6m to €186.4m. EPS estimate fell from €0.98 to €0.77 per share. Net income forecast to grow 4.0% next year vs 43% growth forecast for Electronic industry in France. Consensus price target down from €20.75 to €18.50. Share price fell 13% to €11.30 over the past week.Major Estimate Revision • Oct 04Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.90 to €1.07. Revenue forecast steady at €207.6m. Net income forecast to grow 2.6% next year vs 34% growth forecast for Electronic industry in France. Consensus price target of €20.52 unchanged from last update. Share price fell 2.6% to €13.35 over the past week.New Risk • Sep 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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).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 18% growth forecast for the Electronic industry in France.Price Target Changed • Sep 15Price target decreased by 9.8% to €20.75Down from €23.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of €13.70. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.90 for next year compared to €1.08 last year.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 17% growth forecast for the Electronic industry in France.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €16.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in France.공고 • 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.공고 • 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: ALICA 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: ALICA 3 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장Icape Holding 배당 수익률 vs 시장ALICA의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (ALICA)1.3%시장 하위 25% (FR)2.0%시장 상위 25% (FR)5.3%업계 평균 (Electronic)1.1%분석가 예측 (ALICA) (최대 3년)5.7%주목할만한 배당금: ALICA 의 배당금( 1.27% )은 French 시장에서 배당금 지급자의 하위 25%( 1.99% )와 비교해 주목할 만하지 않습니다.고배당: ALICA 의 배당금( 1.27% )은 French 시장에서 배당금 지급자의 상위 25%( 5.26% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 20.3% )이 낮기 때문에 ALICA 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 15.5% )이 낮기 때문에 ALICA 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YFR 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 00:44종가2026/07/13 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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
Upcoming Dividend • Jun 23Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (1.2%).
Declared Dividend • Apr 09Dividend reduced to €0.09Dividend of €0.09 is 31% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • 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.
Upcoming Dividend • Jun 23Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.5%).
분석 기사 • Jun 22Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) is reducing its dividend from last year's comparable payment to €0.13 on the 2nd of...
분석 기사 • May 28Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) has announced that on 2nd of July, it will be paying a dividend of€0.13, which a...
Upcoming Dividend • Jun 23Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (1.2%).
공고 • May 22+ 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.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €6.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Electronic industry in France. Total loss to shareholders of 62% over the past three years.
공고 • 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.
New Risk • Apr 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (€43.4m market cap, or US$50.9m).
New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€34.1m market cap, or US$40.0m).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Electronic industry in France. Total loss to shareholders of 67% over the past three years.
Declared Dividend • Apr 09Dividend reduced to €0.09Dividend of €0.09 is 31% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Mar 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€30.9m market cap, or US$35.6m).
Reported Earnings • Mar 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: €0.05 loss per share (down from €0.46 profit in FY 2024). Revenue: €200.3m (up 10% from FY 2024). Net income: €3.59m (down 3.5% from FY 2024). Profit margin: 1.8% (down from 2.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in France. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
공고 • Mar 27Icape Holding S.A., Annual General Meeting, May 20, 2026Icape Holding S.A., Annual General Meeting, May 20, 2026.
공고 • 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.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.46, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 2x in the Electronic industry in France. Total loss to shareholders of 67% over the past three years.
공고 • 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).
Price Target Changed • Jan 17Price target decreased by 9.8% to €9.83Down from €10.90, the current price target is an average from 3 analysts. New target price is 57% above last closing price of €6.26. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.69 for next year compared to €0.46 last year.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electronic industry in France. Total loss to shareholders of 49% over the past three years.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.83 to €0.72. Revenue forecast unchanged from €210.6m at last update. Net income forecast to grow 109% next year vs 52% growth forecast for Electronic industry in France. Consensus price target of €11.00 unchanged from last update. Share price rose 10% to €6.98 over the past week.
공고 • 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
분석 기사 • Oct 11There May Be Reason For Hope In Icape Holding's (EPA:ALICA) Disappointing EarningsShareholders appeared unconcerned with Icape Holding S.A.'s ( EPA:ALICA ) lackluster earnings report last week. Our...
Major Estimate Revision • Oct 08Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €208.0m to €210.6m. EPS estimate increased from €0.689 to €0.83 per share. Net income forecast to grow 137% next year vs 46% growth forecast for Electronic industry in France. Consensus price target broadly unchanged at €11.00. Share price fell 7.1% to €6.50 over the past week.
New Risk • Oct 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€53.4m market cap, or US$62.3m).
Reported Earnings • Oct 06First half 2025 earnings releasedFirst half 2025 results: EPS: €0.13. Revenue: €102.0m (up 18% from 1H 2024). Net income: €1.09m (down 13% from 1H 2024). Profit margin: 1.1% (down from 1.5% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in France.
New Risk • Oct 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€56.6m market cap, or US$66.4m).
Upcoming Dividend • Jun 23Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.5%).
분석 기사 • Jun 22Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) is reducing its dividend from last year's comparable payment to €0.13 on the 2nd of...
분석 기사 • May 28Icape Holding's (EPA:ALICA) Dividend Is Being Reduced To €0.13Icape Holding S.A. ( EPA:ALICA ) has announced that on 2nd of July, it will be paying a dividend of€0.13, which a...
공고 • 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.
분석 기사 • May 14Icape Holding (EPA:ALICA) Has Announced That Its Dividend Will Be Reduced To €0.13Icape Holding S.A.'s ( EPA:ALICA ) dividend is being reduced from last year's payment covering the same period to €0.13...
공고 • 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.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €7.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in France. Total loss to shareholders of 21% over the past year.
분석 기사 • Apr 11Weak Statutory Earnings May Not Tell The Whole Story For Icape Holding (EPA:ALICA)Icape Holding S.A.'s ( EPA:ALICA ) stock showed strength, with investors undeterred by its weak earnings report...
New Risk • Apr 07New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (€55.0m market cap, or US$60.3m).
Reported Earnings • Apr 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.46 (down from €0.68 in FY 2023). Revenue: €181.7m (up 1.2% from FY 2023). Net income: €3.72m (down 32% from FY 2023). Profit margin: 2.0% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in France.
분석 기사 • Mar 31Icape Holding's (EPA:ALICA) Dividend Will Be Reduced To €0.13The board of Icape Holding S.A. ( EPA:ALICA ) has announced that the dividend on 2nd of July will be reduced by 35...
Declared Dividend • Mar 30Dividend reduced to €0.13Dividend of €0.13 is 35% lower than last year. Ex-date: 27th June 2025 Payment date: 2nd July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.4%. Sustainability & Growth The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 243% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Mar 29Icape Holding S.A., Annual General Meeting, May 21, 2025Icape Holding S.A., Annual General Meeting, May 21, 2025.
Major Estimate Revision • Mar 28Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €207.9m to €203.9m. EPS estimate rose from €0.634 to €0.735. Net income forecast to shrink 17% next year vs 38% growth forecast for Electronic industry in France . Consensus price target of €10.90 unchanged from last update. Share price rose 4.7% to €7.12 over the past week.
공고 • 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.
공고 • 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.
Buy Or Sell Opportunity • Mar 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €7.18. The fair value is estimated to be €9.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last year. Earnings per share has declined by 37%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.22, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Electronic industry in France. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.02 per share.
공고 • 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.
공고 • 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
Buy Or Sell Opportunity • Jan 02Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at €9.10. The fair value is estimated to be €12.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last year. Earnings per share has declined by 37%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.
분석 기사 • Dec 31Icape Holding (EPA:ALICA) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€61.3m market cap, or US$64.1m).
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €9.08, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Electronic industry in France. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.24 per share.
공고 • 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.
공고 • 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.
Price Target Changed • Nov 11Price target decreased by 12% to €11.50Down from €13.00, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €8.10. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.68 last year.
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €197.8m to €182.1m. EPS estimate also fell from €0.464 per share to €0.356 per share. Net income forecast to shrink 27% next year vs 13% growth forecast for Electronic industry in France . Consensus price target down from €13.00 to €12.50. Share price rose 3.3% to €8.08 over the past week.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.56, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electronic industry in France. Total loss to shareholders of 32% over the past year.
분석 기사 • Oct 04Some Investors May Be Willing To Look Past Icape Holding's (EPA:ALICA) Soft EarningsSoft earnings didn't appear to concern Icape Holding S.A.'s ( EPA:ALICA ) shareholders over the last week. We think...
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 24% growth forecast for the Electronic industry in France.
Major Estimate Revision • Sep 27Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €201.8m to €197.8m. EPS estimate also fell from €0.664 per share to €0.465 per share. Net income forecast to shrink 32% next year vs 64% growth forecast for Electronic industry in France . Consensus price target down from €15.00 to €13.00. Share price fell 3.2% to €9.10 over the past week.
Price Target Changed • Sep 26Price target decreased by 9.4% to €14.50Down from €16.00, the current price target is an average from 2 analysts. New target price is 54% above last closing price of €9.42. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.68 last year.
공고 • 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.
공고 • 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.
Major Estimate Revision • Sep 08Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €206.3m to €201.8m. EPS estimate also fell from €0.76 per share to €0.664 per share. Net income forecast to shrink 2.1% next year vs 35% growth forecast for Electronic industry in France . Consensus price target down from €16.00 to €15.00. Share price was steady at €9.90 over the past week.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €11.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 24% over the past year.
분석 기사 • Jun 16Icape Holding (EPA:ALICA) Is Due To Pay A Dividend Of €0.20The board of Icape Holding S.A. ( EPA:ALICA ) has announced that it will pay a dividend of €0.20 per share on the 21st...
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 French dividend payers (5.2%). Higher than average of industry peers (0.7%).
New Risk • Jun 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.3% average weekly change).
분석 기사 • Jun 01Even With A 27% Surge, Cautious Investors Are Not Rewarding Icape Holding S.A.'s (EPA:ALICA) Performance CompletelyIcape Holding S.A. ( EPA:ALICA ) shares have continued their recent momentum with a 27% gain in the last month alone...
분석 기사 • May 27Icape Holding (EPA:ALICA) Is Paying Out A Dividend Of €0.20Icape Holding S.A. ( EPA:ALICA ) has announced that it will pay a dividend of €0.20 per share on the 21st of June. This...
공고 • 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 €11.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 30% over the past year.
분석 기사 • May 13Icape Holding (EPA:ALICA) Has Announced A Dividend Of €0.20Icape Holding S.A.'s ( EPA:ALICA ) investors are due to receive a payment of €0.20 per share on 21st of June. This...
분석 기사 • Apr 29Icape Holding (EPA:ALICA) Is Due To Pay A Dividend Of €0.20Icape Holding S.A.'s ( EPA:ALICA ) investors are due to receive a payment of €0.20 per share on 21st of June. Based on...
분석 기사 • Apr 15Icape Holding (EPA:ALICA) Has Affirmed Its Dividend Of €0.20Icape Holding S.A. ( EPA:ALICA ) will pay a dividend of €0.20 on the 21st of June. This means the annual payment will...
Declared Dividend • Apr 15Dividend 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 1.9%, which is lower than the industry average of 2.4%. 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.
분석 기사 • Apr 12The Market Lifts Icape Holding S.A. (EPA:ALICA) Shares 29% But It Can Do MoreIcape Holding S.A. ( EPA:ALICA ) shareholders are no doubt pleased to see that the share price has bounced 29% in the...
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €10.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in France. Total loss to shareholders of 34% 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 20% growth forecast for the Electronic industry in France.
공고 • 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.
공고 • 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 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Electronic industry in France. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.52 per share.
분석 기사 • Mar 13Investors Met With Slowing Returns on Capital At Icape Holding (EPA:ALICA)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (6.4% average weekly change). Market cap is less than US$100m (€82.9m market cap, or US$89.3m).
Major Estimate Revision • Feb 09Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.77 to €0.66. Revenue forecast unchanged from €186.4m at last update. Net income forecast to shrink 31% next year vs 9.7% growth forecast for Electronic industry in France . Consensus price target down from €18.50 to €16.00. Share price fell 8.6% to €10.60 over the past week.
New Risk • Feb 06New 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 Risk Market cap is less than US$100m (€93.0m market cap, or US$99.9m).
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €13.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in France. Total loss to shareholders of 17% over the past year.
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 19% growth forecast for the Electronic industry in France.
분석 기사 • Oct 28Analysts Just Slashed Their Icape Holding S.A. (EPA:ALICA) EPS NumbersToday is shaping up negative for Icape Holding S.A. ( EPA:ALICA ) shareholders, with the analysts delivering a...
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 Risk Market cap is less than US$100m (€91.4m market cap, or US$96.6m).
Major Estimate Revision • Oct 27Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €208.6m to €186.4m. EPS estimate fell from €0.98 to €0.77 per share. Net income forecast to grow 4.0% next year vs 43% growth forecast for Electronic industry in France. Consensus price target down from €20.75 to €18.50. Share price fell 13% to €11.30 over the past week.
Major Estimate Revision • Oct 04Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.90 to €1.07. Revenue forecast steady at €207.6m. Net income forecast to grow 2.6% next year vs 34% growth forecast for Electronic industry in France. Consensus price target of €20.52 unchanged from last update. Share price fell 2.6% to €13.35 over the past week.
New Risk • Sep 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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).
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 18% growth forecast for the Electronic industry in France.
Price Target Changed • Sep 15Price target decreased by 9.8% to €20.75Down from €23.00, the current price target is an average from 2 analysts. New target price is 51% above last closing price of €13.70. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.90 for next year compared to €1.08 last year.
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 17% growth forecast for the Electronic industry in France.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €16.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in France.
공고 • 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.
공고 • 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.