ICP1

Incap OyjHLSE:ICP1V Stock Report

Market Cap

€292.2m

7D

1.2%

1Y

162.2%

Updated

19 Sep, 2021

Data

Company Financials +
ICP1V fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

ICP1V Overview

Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Europe, North-America, South-America, Asia, Africa, and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Incap Oyj
Historical stock prices
Current Share Price€49.95
52 Week High€13.25
52 Week Low€54.80
Beta1.71
1 Month Change2.57%
3 Month Change35.92%
1 Year Change162.21%
3 Year Change617.67%
5 Year Change856.90%
Change since IPO-88.15%

Recent News & Updates

Shareholder Returns

ICP1VFI ElectronicFI Market
7D1.2%-5.5%-4.2%
1Y162.2%40.7%19.8%

Return vs Industry: ICP1V exceeded the Finnish Electronic industry which returned 40.7% over the past year.

Return vs Market: ICP1V exceeded the Finnish Market which returned 19.8% over the past year.

Price Volatility

Is ICP1V's price volatile compared to industry and market?
ICP1V volatility
ICP1V Beta1.71
Industry Beta1.01
Market Beta1

Stable Share Price: ICP1V is more volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ICP1V's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

FoundedEmployeesCEOWebsite
19852,029Otto Pukkhttps://incapcorp.com

Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Europe, North-America, South-America, Asia, Africa, and Australia. The company offers PCB assembly and manufacturing, box-build assembly, and prototyping and engineering services, as well as cable, wire harness, and magnetic assemblies. It also offers prototypes and pre-series; and tester development products.

Valuation

Is Incap Oyj undervalued compared to its fair value and its price relative to the market?

18.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICP1V (€49.95) is trading below our estimate of fair value (€61.35)

Significantly Below Fair Value: ICP1V is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ICP1V is good value based on its PE Ratio (20.5x) compared to the Finnish Electronic industry average (39.1x).

PE vs Market: ICP1V is good value based on its PE Ratio (20.5x) compared to the Finnish market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: ICP1V is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: ICP1V is good value based on its PB Ratio (6.1x) compared to the FI Electronic industry average (6.6x).


Future Growth

How is Incap Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICP1V's forecast earnings growth (14% per year) is above the savings rate (0.2%).

Earnings vs Market: ICP1V's earnings (14% per year) are forecast to grow faster than the Finnish market (7.4% per year).

High Growth Earnings: ICP1V's earnings are forecast to grow, but not significantly.

Revenue vs Market: ICP1V's revenue (12.6% per year) is forecast to grow faster than the Finnish market (3.7% per year).

High Growth Revenue: ICP1V's revenue (12.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ICP1V's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Incap Oyj performed over the past 5 years?

33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICP1V has a high level of non-cash earnings.

Growing Profit Margin: ICP1V's current net profit margins (10.8%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: ICP1V's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: ICP1V's earnings growth over the past year (205.8%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: ICP1V earnings growth over the past year (205.8%) exceeded the Electronic industry 4.3%.


Return on Equity

High ROE: ICP1V's Return on Equity (29.8%) is considered high.


Financial Health

How is Incap Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ICP1V's short term assets (€60.8M) exceed its short term liabilities (€30.9M).

Long Term Liabilities: ICP1V's short term assets (€60.8M) exceed its long term liabilities (€8.2M).


Debt to Equity History and Analysis

Debt Level: ICP1V's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: ICP1V's debt to equity ratio has reduced from 104.8% to 20.2% over the past 5 years.

Debt Coverage: ICP1V's debt is well covered by operating cash flow (43.4%).

Interest Coverage: ICP1V's interest payments on its debt are well covered by EBIT (262.4x coverage).


Balance Sheet


Dividend

What is Incap Oyj current dividend yield, its reliability and sustainability?

1.30%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ICP1V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ICP1V's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ICP1V's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ICP1V's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ICP1V is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ICP1V's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Otto Pukk (43 yo)

3.25yrs

Tenure

€199,000

Compensation

Mr. Otto Pukk, M.Sc. (Econ.), B.E has been Chief Executive Officer of Incap Oyj (Alternate Name: Incap Corp) since September 18, 2018 and its President. Mr. Pukk serves as Managing Director of Estonia, a s...


CEO Compensation Analysis

Compensation vs Market: Otto's total compensation ($USD233.60K) is below average for companies of similar size in the Finnish market ($USD811.71K).

Compensation vs Earnings: Otto's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ICP1V's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ICP1V's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34%.


Top Shareholders

Company Information

Incap Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Incap Oyj
  • Ticker: ICP1V
  • Exchange: HLSE
  • Founded: 1985
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: €292.174m
  • Shares outstanding: 5.85m
  • Website: https://incapcorp.com

Number of Employees


Location

  • Incap Oyj
  • Bulevardi 21
  • Helsinki
  • Uusimaa
  • 180
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 17:33
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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