OM:INCOAX

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InCoax Networks

Executive Summary

InCoax Networks AB (publ) provides networking products and solutions to telecom and broadband, and hospitality sectors.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has InCoax Networks's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INCOAX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.0%

INCOAX

-0.8%

SE Communications

1.1%

SE Market


1 Year Return

-80.3%

INCOAX

-4.1%

SE Communications

7.0%

SE Market

Return vs Industry: INCOAX underperformed the Swedish Communications industry which returned -4.1% over the past year.

Return vs Market: INCOAX underperformed the Swedish Market which returned 7.1% over the past year.


Shareholder returns

INCOAXIndustryMarket
7 Day3.0%-0.8%1.1%
30 Day1.4%-0.3%2.7%
90 Day5.3%8.4%17.6%
1 Year-79.5%-80.3%-3.2%-4.1%8.7%7.0%
3 Yearn/a42.8%37.2%19.8%7.0%
5 Yearn/a4.3%-5.8%35.8%8.9%

Price Volatility Vs. Market

How volatile is InCoax Networks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is InCoax Networks undervalued compared to its fair value and its price relative to the market?

3.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate INCOAX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate INCOAX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: INCOAX is unprofitable, so we can't compare its PE Ratio to the SE Communications industry average.

PE vs Market: INCOAX 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 INCOAX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INCOAX is overvalued based on its PB Ratio (3.1x) compared to the SE Communications industry average (1.3x).


Next Steps

Future Growth

How is InCoax Networks forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as InCoax Networks has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has InCoax Networks performed over the past 5 years?

-26.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: INCOAX is currently unprofitable.

Growing Profit Margin: INCOAX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if INCOAX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare INCOAX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INCOAX is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (13.9%).


Return on Equity

High ROE: INCOAX has a negative Return on Equity (-306.29%), as it is currently unprofitable.


Next Steps

Financial Health

How is InCoax Networks's financial position?


Financial Position Analysis

Short Term Liabilities: INCOAX's short term assets (SEK36.4M) exceed its short term liabilities (SEK15.6M).

Long Term Liabilities: INCOAX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: INCOAX is debt free.

Reducing Debt: INCOAX 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: INCOAX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: INCOAX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.4% each year


Next Steps

Dividend

What is InCoax Networks's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INCOAX'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 INCOAX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INCOAX'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 INCOAX'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?

0.3yrs

Average management tenure


CEO

Jörgen Ekengren (57yo)

0.33

Tenure

Mr. Jörgen Ekengren serves as the Chief Executive Officer of InCoax Networks AB (publ) since March 17, 2020 and served as its Chief Operating Officer since 2018 until March 17, 2020. He joined InCoax Netwo ...


Leadership Team

NamePositionTenureCompensationOwnership
Jörgen Ekengren
Chief Executive Officer0.33yrno data0.22% SEK150.0k
Helge Tiainen
Founderno datano data0.43% SEK296.0k
Emil Bendroth
Chief Financial Officer0.25yrno datano data
Thomas Svensson
Chief Technology Officer9.5yrsno data0.18% SEK123.8k
Peter Carlsson
Executive Officer0.33yrno data1.34% SEK921.1k

0.3yrs

Average Tenure

57yo

Average Age

Experienced Management: INCOAX's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anders Nilsson
Director3.5yrsno data0.46% SEK318.1k
Kevin Foster
Director0.083yrno datano data
Richard Tooby
Chairman of the Board4.5yrsno data3.26% SEK2.2m
Peter Agardh
Director1.17yrsno data27.55% SEK18.9m
Pär Thuresson
Director2.5yrsno data0.027% SEK18.8k

2.5yrs

Average Tenure

54.5yo

Average Age

Experienced Board: INCOAX's board of directors are not considered experienced ( 2.5 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 48%.


Top Shareholders

Company Information

InCoax Networks AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: InCoax Networks AB (publ)
  • Ticker: INCOAX
  • Exchange: OM
  • Founded: 2009
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: kr68.606m
  • Shares outstanding: 18.29m
  • Website: https://www.incoax.com

Number of Employees


Location

  • InCoax Networks AB (publ)
  • UtmarksvAegen 4
  • Gävle
  • Gävleborg County
  • 802 91
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INCOAXOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJan 2019

Biography

InCoax Networks AB (publ) provides networking products and solutions to telecom and broadband, and hospitality sectors. Its solutions include control units, modems, coaxial cable components, and software control systems. The company was founded in 2009 and is headquartered in Gävle, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 21:03
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
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.