Executive Summary
I-Tech AB, a bio-technology company, develops and commercializes fouling prevention products in Sweden. More Details
Rewards
Risk Analysis
ITECH passed our risk checks.
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
Share Price & News
How has I-Tech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITECH is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ITECH's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
4.1%
ITECH
3.2%
SE Chemicals
1.6%
SE Market
1 Year Return
20.2%
ITECH
4.7%
SE Chemicals
15.6%
SE Market
Return vs Industry: ITECH exceeded the Swedish Chemicals industry which returned 8.1% over the past year.
Return vs Market: ITECH exceeded the Swedish Market which returned 17.1% over the past year.
Shareholder returns
| ITECH | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 3.2% | 1.6% |
| 30 Day | 20.8% | 7.4% | 5.6% |
| 90 Day | 29.1% | 8.8% | 10.9% |
| 1 Year | 20.2%20.2% | 7.0%4.7% | 18.7%15.6% |
| 3 Year | n/a | 20.0%11.8% | 48.6%30.9% |
| 5 Year | n/a | 16.7%0.9% | 87.5%47.6% |
Long-Term Price Volatility Vs. Market
How volatile is I-Tech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
If You Had Bought I-Tech (STO:ITECH) Shares A Year Ago You'd Have Earned 13% Returns5 months ago | Simply Wall St
Is I-Tech AB's (STO:ITECH) Latest Stock Performance A Reflection Of Its Financial Health?6 months ago | Simply Wall St
Investors Who Bought I-Tech (STO:ITECH) Shares A Year Ago Are Now Up 148%Valuation
Is I-Tech undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ITECH (SEK87) is trading below our estimate of fair value (SEK265.52)
Significantly Below Fair Value: ITECH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ITECH is poor value based on its PE Ratio (81.8x) compared to the SE Chemicals industry average (27.9x).
PE vs Market: ITECH is poor value based on its PE Ratio (81.8x) compared to the Swedish market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: ITECH is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: ITECH is overvalued based on its PB Ratio (9.4x) compared to the SE Chemicals industry average (7.9x).
Next Steps
Future Growth
How is I-Tech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
89.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ITECH's forecast earnings growth (89.5% per year) is above the savings rate (0.4%).
Earnings vs Market: ITECH's earnings (89.5% per year) are forecast to grow faster than the Swedish market (12% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ITECH's revenue (44.2% per year) is forecast to grow faster than the Swedish market (3.4% per year).
High Growth Revenue: ITECH's revenue (44.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ITECH's Return on Equity is forecast to be high in 3 years time (24.7%)
Next Steps
Past Performance
How has I-Tech performed over the past 5 years?
42.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITECH has high quality earnings.
Growing Profit Margin: ITECH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ITECH has become profitable over the past 5 years, growing earnings by 42.4% per year.
Accelerating Growth: ITECH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ITECH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (-12%).
Return on Equity
High ROE: ITECH's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is I-Tech's financial position?
Financial Position Analysis
Short Term Liabilities: ITECH's short term assets (SEK53.9M) exceed its short term liabilities (SEK9.3M).
Long Term Liabilities: ITECH's short term assets (SEK53.9M) exceed its long term liabilities (SEK6.0M).
Debt to Equity History and Analysis
Debt Level: ITECH's debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ITECH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ITECH's debt is well covered by operating cash flow (108.9%).
Interest Coverage: Insufficient data to determine if ITECH's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is I-Tech current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ITECH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ITECH'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 ITECH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ITECH'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 ITECH'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?
4.0yrs
Average management tenure
CEO
Philip Chaabane
7yrs
Tenure
Mr. Philip Chaabane is the CEO of I-Tech AB since 2014. Mr. Chaabane has extensive experience from positions within business as well as operational activities in R&D and production in high-tech and interna...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 7yrs | no data | 0.87% SEK 9.2m | |
| Chief Finance Officer | 4yrs | no data | 0.25% SEK 2.6m | |
| Technical Director | 2yrs | no data | no data | |
| Marketing & Communications Director | 4yrs | no data | 0.013% SEK 132.3k | |
| Sales Director | 0.83yr | no data | no data | |
| Head of Regulatory Affairs | 8yrs | no data | 0.21% SEK 2.2m |
4.0yrs
Average Tenure
Experienced Management: ITECH's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 7yrs | no data | 3.79% SEK 39.8m | |
| Independent Director | 4yrs | no data | no data | |
| Independent Director | 10yrs | no data | no data | |
| Independent Director | 3yrs | no data | 0.084% SEK 882.0k | |
| Director | 0.67yr | no data | no data | |
| Director | 0.67yr | no data | no data |
3.5yrs
Average Tenure
Experienced Board: ITECH's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ITECH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
I-Tech AB's company bio, employee growth, exchange listings and data sources
Key Information
- Name: I-Tech AB
- Ticker: ITECH
- Exchange: OM
- Founded: 2000
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: kr1.050b
- Shares outstanding: 11.91m
- Website: https://www.i-tech.se
Number of Employees
Location
- I-Tech AB
- Pepparedsleden 1
- Mölndal
- Västra Götaland County
- 431 83
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ITECH | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | May 2018 |
Biography
I-Tech AB, a bio-technology company, develops and commercializes fouling prevention products in Sweden. The company offers Selektope, a bio-repellent ingredient for marine coatings that provide hard foulin...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 19:31 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| 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.