Iconovo
Market Cap
kr435.5m
Last Updated
2020/10/19 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Iconovo AB (publ) develops and licenses inhalation devices in Sweden. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with high growth potential.
Share Price & News
How has Iconovo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ICO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.5%
ICO
-1.0%
SE Medical Equipment
-0.9%
SE Market
1 Year Return
3.6%
ICO
21.9%
SE Medical Equipment
17.2%
SE Market
Return vs Industry: ICO underperformed the Swedish Medical Equipment industry which returned 24% over the past year.
Return vs Market: ICO underperformed the Swedish Market which returned 17.8% over the past year.
Shareholder returns
| ICO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -1.0% | -0.9% |
| 30 Day | -1.4% | 3.7% | 1.3% |
| 90 Day | -13.6% | 10.9% | 7.4% |
| 1 Year | 3.6%3.6% | 23.7%21.9% | 19.3%17.2% |
| 3 Year | n/a | 76.7%56.1% | 35.7%21.1% |
| 5 Year | n/a | 78.0%47.3% | 65.0%32.9% |
Price Volatility Vs. Market
How volatile is Iconovo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Estimating The Fair Value Of Iconovo AB (publ) (STO:ICO)1 month ago | Simply Wall St
What Does Iconovo AB (publ)'s (STO:ICO) Share Price Indicate?2 months ago | Simply Wall St
We're Not Very Worried About Iconovo's (STO:ICO) Cash Burn RateValuation
Is Iconovo undervalued compared to its fair value and its price relative to the market?
22.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ICO (SEK57) is trading below our estimate of fair value (SEK73.61)
Significantly Below Fair Value: ICO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ICO is unprofitable, so we can't compare its PE Ratio to the SE Medical Equipment industry average.
PE vs Market: ICO is unprofitable, so we can't compare its PE Ratio to the Swedish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ICO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ICO is good value based on its PB Ratio (4.5x) compared to the SE Medical Equipment industry average (5.3x).
Next Steps
Future Growth
How is Iconovo forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
69.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: ICO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ICO's is expected to become profitable in the next 3 years.
Revenue vs Market: ICO's revenue (40.4% per year) is forecast to grow faster than the Swedish market (3% per year).
High Growth Revenue: ICO's revenue (40.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ICO's Return on Equity is forecast to be low in 3 years time (5%).
Next Steps
Past Performance
How has Iconovo performed over the past 5 years?
-104.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICO is currently unprofitable.
Growing Profit Margin: ICO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ICO is unprofitable, and losses have increased over the past 5 years at a rate of 104.7% per year.
Accelerating Growth: Unable to compare ICO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ICO is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (18.4%).
Return on Equity
High ROE: ICO has a negative Return on Equity (-20.1%), as it is currently unprofitable.
Next Steps
Financial Health
How is Iconovo's financial position?
Financial Position Analysis
Short Term Liabilities: ICO's short term assets (SEK84.2M) exceed its short term liabilities (SEK7.4M).
Long Term Liabilities: ICO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ICO is debt free.
Reducing Debt: ICO had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ICO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ICO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Iconovo current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ICO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ICO'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 ICO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ICO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ICO's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Johan Waborg
0.75
Tenure
Mr. Johan Wäborg serves as Chief Executive Officer at Iconovo AB (publ) since 2020.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.75yr | no data | no data | |
| CTO, Co-Founder & Director | 7.75yrs | no data | 10.88% SEK 47.4m | |
| Chief Financial Officer | 1.75yrs | no data | 0.018% SEK 78.4k | |
| Vice President of Operations | 4.75yrs | no data | 0.045% SEK 195.2k | |
| Head of Industrial Design | no data | no data | no data |
1.8yrs
Average Tenure
56yo
Average Age
Experienced Management: ICO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CTO, Co-Founder & Director | 7.75yrs | no data | 10.88% SEK 47.4m | |
| Chairman of the Board | 7.75yrs | no data | 11.83% SEK 51.5m | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Director | 2.75yrs | no data | 0.33% SEK 1.5m | |
| Member of Business Advisory Board | no data | no data | no data | |
| Independent Director | 2.75yrs | no data | 0.026% SEK 112.0k | |
| Member of Business Advisory Board | no data | no data | no data | |
| Director | 7.75yrs | no data | 4.06% SEK 17.7m | |
| Member of Business Advisory Board | no data | no data | no data | |
| Director | 3.75yrs | no data | 0.31% SEK 1.3m | |
| Director | 1.75yrs | no data | no data |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Board: ICO's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ICO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.8%.
Top Shareholders
Company Information
Iconovo AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Iconovo AB (publ)
- Ticker: ICO
- Exchange: OM
- Founded: 2013
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: kr435.456m
- Shares outstanding: 7.78m
- Website: https://www.iconovo.se
Number of Employees
Location
- Iconovo AB (publ)
- Medicon Village
- Scheeletorget 1
- Lund
- Skåne County
- 223 81
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ICO | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Apr 2018 |
Biography
Iconovo AB (publ) develops and licenses inhalation devices in Sweden. It develops ICOres, a reservoir-based dry powder inhaler; ICOcap, a capsule based dry powder inhaler; ICOone, a unit dose disposable dr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 20:40 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.