Company Valuation: Incap Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 459.2 500.8 228.1 301.4 289.2 246.3 - -
Change - 9.06% -54.44% 32.13% -4.07% -14.82% - -
Enterprise Value (EV) 1 461.2 514.7 219.9 260.5 236.3 237.6 226.1 193.6
Change - 11.6% -57.26% 18.45% -9.3% 0.56% -4.86% -14.35%
P/E 21.8x 18.2x 11.4x 13.3x 20.9x 15x 11.3x 10.1x
PBR 7.3x 5.72x 2.13x 2.27x 2.13x 1.66x 1.46x 1.24x
PEG - 0.6x -0.4x 1x -0.5x 0.8x 0.3x 0.8x
Capitalization / Revenue 2.7x 1.9x 1.03x 1.31x 1.35x 0.88x 0.77x 0.72x
EV / Revenue 2.72x 1.95x 0.99x 1.13x 1.1x 0.85x 0.71x 0.57x
EV / EBITDA 15.8x 12x 6.24x 7.29x 7.38x 6.9x 5.48x 4.37x
EV / EBIT 17.2x 12.9x 7.19x 8.65x 9.07x 9.26x 7.09x 5.52x
EV / FCF 89.6x -82x 5.82x 7.89x 12.9x -15.8x 13.5x 8.59x
FCF Yield 1.12% -1.22% 17.2% 12.7% 7.73% -6.34% 7.43% 11.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.72 0.94 0.68 0.77 0.47 0.56 0.745 0.835
Distribution rate - - - - - - - -
Net sales 1 169.8 263.8 221.6 230.1 214.6 280.1 319.8 340.8
EBITDA 1 29.26 42.77 35.22 35.74 32.03 34.45 41.25 44.35
EBIT 1 26.8 40 30.6 30.11 26.05 25.65 31.9 35.05
Net income 1 21.1 27.6 19.82 22.73 13.97 16.55 21.5 23.85
Net Debt 1 2 13.88 -8.2 -40.92 -52.88 -8.7 -20.25 -52.7
Reference price 2 15.700 17.100 7.750 10.240 9.820 8.420 8.420 8.420
Nbr of stocks (in thousands) 29,247 29,285 29,437 29,437 29,448 29,255 - -
Announcement Date 24/02/22 22/02/23 22/02/24 28/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.43x0.81x6.61x - 268M
25.89x3.07x16.76x1.99% 245B
13.85x1.7x7.71x3.7% 201B
31.16x3.99x18.43x1.57% 189B
38.63x5.7x24.02x1.02% 168B
44.78x6.01x26.92x1.11% 150B
30.13x4.33x21.22x0.9% 100B
94.12x11.66x66.62x0.33% 97.28B
41.1x6.76x27.17x0.1% 95.61B
31.22x3.89x20.87x1.08% 90.51B
Average 36.53x 4.79x 23.63x 1.31% 133.66B
Weighted average by Cap. 35.28x 4.69x 22.67x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA