Incap Oyj Past Earnings Performance
Past criteria checks 1/6
Incap Oyj's earnings have been declining at an average annual rate of -3.6%, while the Electronic industry saw earnings growing at 4% annually. Revenues have been growing at an average rate of 6.3% per year. Incap Oyj's return on equity is 10.2%, and it has net margins of 6.4%.
Key information
-3.57%
Earnings growth rate
-4.84%
EPS growth rate
| Electronic Industry Growth | 9.58% |
| Revenue growth rate | 6.31% |
| Return on equity | 10.16% |
| Net Margin | 6.41% |
| Next Earnings Update | 30 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 01
ICP1V: Stable Assumptions Will Support Higher Future Margin And Earnings Multiple
Analysts have slightly adjusted their price target on Incap Oyj to €13.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior expectations.Narrative Update • Apr 11
ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple
Analysts have kept Incap Oyj's price target broadly unchanged at €13.00, reflecting only minor tweaks to their models around discount rate assumptions and long term revenue growth and profit margin inputs. Valuation Changes Fair Value: Held steady at €13.0 per share, with no change to the central valuation estimate.Narrative Update • Mar 28
ICP1V: Steady Assumptions Will Support Faster Output And Higher Future Multiple
Analysts have reaffirmed their view on Incap Oyj with an updated price target of €13.00, reflecting only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions while keeping their overall valuation stance steady. Valuation Changes Fair Value: Kept steady at €13.00 per share, indicating no change in the core value estimate.Narrative Update • Mar 13
ICP1V: New Testing Automation Will Support Faster Output And Higher Future Multiple
Analysts have reduced their price target for Incap Oyj to €13.00. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E, while keeping their fair value view broadly in line with prior estimates.Narrative Update • Feb 27
ICP1V: Automated Testing Investment Will Support Higher Future Earnings Multiple
Analysts have lifted their price target on Incap Oyj from €11 to €13, citing updated assumptions for revenue growth, profit margins and future P/E that reshape their view of the company’s risk and return profile. What's in the News Incap Estonia has added a new high precision flying probe system to its production, focusing on improving testing of assembled circuit boards before they move to the next stage of manufacturing (Key Developments).Narrative Update • Dec 05
ICP1V: Future Outlook Will Balance Softer Profitability With Stable Earnings Multiple
Analysts have trimmed their fair value estimate for Incap Oyj from €12.00 to €11.00, reflecting slightly softer expectations for revenue growth and profitability, as well as a modestly higher discount rate, even as future valuation multiples edge up. Valuation Changes The fair value estimate has been reduced slightly from €12.00 to €11.00 per share.Analysis Article • Jul 23
Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Apr 30
Incap Oyj Just Missed EPS By 30%: Here's What Analysts Think Will Happen Next
The analysts might have been a bit too bullish on Incap Oyj ( HEL:ICP1V ), given that the company fell short of...Analysis Article • Apr 08
An Intrinsic Calculation For Incap Oyj (HEL:ICP1V) Suggests It's 44% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Incap Oyj fair value estimate is €17.80 Current share price of...
New Narrative • Mar 17
Investments In SMT Technology And ESG Initiatives Will Drive Future Expansion
Completion of destocking and customer acquisitions positions Incap for sustainable revenue and earnings growth via inventory normalization and cross-selling opportunities.Analysis Article • Mar 08
Shareholders Can Be Confident That Incap Oyj's (HEL:ICP1V) Earnings Are High Quality
Incap Oyj's ( HEL:ICP1V ) earnings announcement last week was disappointing for investors, despite the decent profit...Analysis Article • Mar 05
Incap Oyj Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
It's been a sad week for Incap Oyj ( HEL:ICP1V ), who've watched their investment drop 13% to €10.65 in the week since...Analysis Article • Jan 21
Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 07
Take Care Before Diving Into The Deep End On Incap Oyj (HEL:ICP1V)
With a median price-to-earnings (or "P/E") ratio of close to 18x in Finland, you could be forgiven for feeling...Analysis Article • Oct 29
Earnings Miss: Incap Oyj Missed EPS By 8.1% And Analysts Are Revising Their Forecasts
Investors in Incap Oyj ( HEL:ICP1V ) had a good week, as its shares rose 2.8% to close at €10.76 following the release...Analysis Article • Jun 12
Capital Allocation Trends At Incap Oyj (HEL:ICP1V) Aren't Ideal
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • May 21
Incap Oyj (HEL:ICP1V) Stock Rockets 36% As Investors Are Less Pessimistic Than Expected
Incap Oyj ( HEL:ICP1V ) shares have continued their recent momentum with a 36% gain in the last month alone. Taking a...Analysis Article • May 04
Most Shareholders Will Probably Find That The CEO Compensation For Incap Oyj (HEL:ICP1V) Is Reasonable
Key Insights Incap Oyj to hold its Annual General Meeting on 10th of May Total pay for CEO Otto Pukk includes €264.0k...Analysis Article • Mar 03
Incap Oyj (HEL:ICP1V) Surges 28% Yet Its Low P/E Is No Reason For Excitement
Despite an already strong run, Incap Oyj ( HEL:ICP1V ) shares have been powering on, with a gain of 28% in the last...Analysis Article • Feb 25
Incap Oyj (HEL:ICP1V) Just Reported And Analysts Have Been Cutting Their Estimates
Shareholders of Incap Oyj ( HEL:ICP1V ) will be pleased this week, given that the stock price is up 18% to €8.59...Analysis Article • Feb 24
Here's What's Concerning About Incap Oyj's (HEL:ICP1V) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Analysis Article • Dec 21
Should You Think About Buying Incap Oyj (HEL:ICP1V) Now?
While Incap Oyj ( HEL:ICP1V ) might not have the largest market cap around , it saw a significant share price rise of...Analysis Article • Nov 03
Some Investors May Be Worried About Incap Oyj's (HEL:ICP1V) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Analysis Article • Oct 10
The Consensus EPS Estimates For Incap Oyj (HEL:ICP1V) Just Fell Dramatically
One thing we could say about the analysts on Incap Oyj ( HEL:ICP1V ) - they aren't optimistic, having just made a major...Analysis Article • Jul 04
Is Incap Oyj (HEL:ICP1V) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 05
Shareholders Are Optimistic That Incap Oyj (HEL:ICP1V) Will Multiply In Value
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Analysis Article • Feb 23
Should You Be Adding Incap Oyj (HEL:ICP1V) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jul 21
At €13.06, Is It Time To Put Incap Oyj (HEL:ICP1V) On Your Watch List?
Incap Oyj ( HEL:ICP1V ), is not the largest company out there, but it led the HLSE gainers with a relatively large...Analysis Article • Jun 15
Many Would Be Envious Of Incap Oyj's (HEL:ICP1V) Excellent Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Incap Oyj makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 219 | 14 | 32 | 0 |
| 31 Dec 25 | 215 | 14 | 30 | 0 |
| 30 Sep 25 | 221 | 17 | 30 | 0 |
| 30 Jun 25 | 230 | 17 | 31 | 0 |
| 31 Mar 25 | 232 | 22 | 32 | 0 |
| 31 Dec 24 | 231 | 23 | 31 | 0 |
| 30 Sep 24 | 214 | 16 | 31 | 0 |
| 30 Jun 24 | 202 | 16 | 30 | 0 |
| 31 Mar 24 | 200 | 16 | 27 | 0 |
| 31 Dec 23 | 222 | 20 | 24 | 0 |
| 30 Sep 23 | 258 | 27 | 21 | 0 |
| 30 Jun 23 | 278 | 30 | 18 | 0 |
| 31 Mar 23 | 283 | 31 | 17 | 0 |
| 31 Dec 22 | 264 | 28 | 16 | 0 |
| 30 Sep 22 | 234 | 26 | 15 | 0 |
| 30 Jun 22 | 213 | 25 | 14 | 0 |
| 31 Mar 22 | 188 | 23 | 14 | 0 |
| 31 Dec 21 | 170 | 21 | 15 | 0 |
| 30 Sep 21 | 151 | 18 | 15 | 0 |
| 30 Jun 21 | 132 | 14 | 16 | 0 |
| 31 Mar 21 | 120 | 12 | 15 | 0 |
| 31 Dec 20 | 107 | 9 | 14 | 0 |
| 30 Sep 20 | 94 | 7 | 12 | 0 |
| 30 Jun 20 | 81 | 5 | 9 | 0 |
| 31 Mar 20 | 77 | 5 | 7 | 0 |
| 31 Dec 19 | 72 | 6 | 5 | 0 |
| 30 Sep 19 | 71 | 7 | 5 | 0 |
| 30 Jun 19 | 70 | 8 | 5 | 0 |
| 31 Mar 19 | 65 | 7 | 5 | 0 |
| 31 Dec 18 | 60 | 6 | 5 | 0 |
| 30 Sep 18 | 56 | 5 | 5 | 0 |
| 30 Jun 18 | 52 | 4 | 5 | 0 |
| 31 Mar 18 | 50 | 3 | 5 | 0 |
| 31 Dec 17 | 49 | 3 | 5 | 0 |
| 30 Sep 17 | 47 | 3 | 4 | 0 |
| 30 Jun 17 | 45 | 2 | 4 | 0 |
| 31 Mar 17 | 42 | 2 | 4 | 0 |
| 31 Dec 16 | 39 | 2 | 4 | 0 |
| 30 Sep 16 | 37 | 2 | 4 | 0 |
| 30 Jun 16 | 35 | 2 | 4 | 0 |
| 31 Mar 16 | 33 | 2 | 4 | 0 |
| 31 Dec 15 | 31 | 2 | 4 | 0 |
| 30 Jun 15 | 24 | 2 | 3 | 0 |
Quality Earnings: ICP1V has high quality earnings.
Growing Profit Margin: ICP1V's current net profit margins (6.4%) are lower than last year (9.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ICP1V's earnings have declined by 3.6% per year over the past 5 years.
Accelerating Growth: ICP1V's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ICP1V had negative earnings growth (-34.8%) over the past year, making it difficult to compare to the Electronic industry average (-16.9%).
Return on Equity
High ROE: ICP1V's Return on Equity (10.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/29 15:18 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Incap Oyj is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Antti-Pekka Viljakainen | Inderes Oy |
| Pasi Väisänen | Nordea Markets |