OM:ITECH

Stock Analysis Report

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Executive Summary

I-Tech AB, a bio-technology company, develops and commercializes fouling prevention products in Sweden. More Details


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

ITECHIndustryMarket
7 Day4.1%3.2%1.6%
30 Day20.8%7.4%5.6%
90 Day29.1%8.8%10.9%
1 Year20.2%20.2%7.0%4.7%18.7%15.6%
3 Yearn/a20.0%11.8%48.6%30.9%
5 Yearn/a16.7%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

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

NamePositionTenureCompensationOwnership
Philip Chaabane
Chief Executive Officer7yrsno data0.87%
SEK 9.2m
Magnus Henell
Chief Finance Officer4yrsno data0.25%
SEK 2.6m
Markus Hoffmann
Technical Director2yrsno datano data
Catherine Austin
Marketing & Communications Director4yrsno data0.013%
SEK 132.3k
Per Svensson
Sales Director0.83yrno datano data
Cecilia Ohlauson
Head of Regulatory Affairs8yrsno data0.21%
SEK 2.2m

4.0yrs

Average Tenure

Experienced Management: ITECH's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stefan Sedersten
Independent Chairman7yrsno data3.79%
SEK 39.8m
Tomas Tedgren
Independent Director4yrsno datano data
Mikael Laurin
Independent Director10yrsno datano data
Bjarne Sandberg
Independent Director3yrsno data0.084%
SEK 882.0k
Chatarina Schneider
Director0.67yrno datano data
Tomas Bergdahl
Director0.67yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITECHOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:31
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.