Financials Indutrade AB

Equities

INDT

SE0001515552

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm 16:29:33 26/04/2024 BST 5-day change 1st Jan Change
257 SEK +1.58% Intraday chart for Indutrade AB -5.45% -1.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,511 64,069 100,953 76,909 95,380 93,631 - -
Enterprise Value (EV) 1 46,641 68,947 106,442 85,489 103,127 100,022 96,898 94,855
P/E ratio 27.3 x 38.4 x 48.2 x 28.7 x 33.3 x 34.8 x 29.6 x 27.7 x
Yield - 1.02% 0.83% 1.23% 1.09% 1.28% 1.37% 1.56%
Capitalization / Revenue 2.2 x 3.33 x 4.65 x 2.85 x 3 x 2.97 x 2.78 x 2.67 x
EV / Revenue 2.53 x 3.59 x 4.9 x 3.16 x 3.24 x 3.17 x 2.88 x 2.7 x
EV / EBITDA 16 x 21.1 x 27.4 x 17.5 x 18 x 18.2 x 16.1 x 15.2 x
EV / FCF 30.7 x 29 x 42.6 x 45.6 x 26.1 x 26.9 x 24.8 x 22.8 x
FCF Yield 3.26% 3.45% 2.34% 2.19% 3.83% 3.71% 4.04% 4.39%
Price to Book 5.66 x 7.43 x 9.81 x 6.03 x 6.59 x 5.78 x 5.13 x 4.64 x
Nbr of stocks (in thousands) 362,565 363,615 364,188 364,323 364,323 364,323 - -
Reference price 2 111.7 176.2 277.2 211.1 261.8 257.0 257.0 257.0
Announcement Date 05/02/20 02/02/21 02/02/22 02/02/23 01/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,411 19,217 21,715 27,016 31,835 31,536 33,656 35,081
EBITDA 1 2,915 3,262 3,883 4,878 5,723 5,488 6,008 6,242
EBIT 1 2,016 2,266 2,825 3,620 4,158 3,856 4,375 4,551
Operating Margin 10.95% 11.79% 13.01% 13.4% 13.06% 12.23% 13% 12.97%
Earnings before Tax (EBT) 1 1,892 2,140 2,725 3,440 3,691 3,441 4,077 4,326
Net income 1 1,483 1,669 2,095 2,682 2,865 2,677 3,154 3,369
Net margin 8.05% 8.69% 9.65% 9.93% 9% 8.49% 9.37% 9.6%
EPS 2 4.087 4.590 5.750 7.360 7.860 7.382 8.685 9.292
Free Cash Flow 1 1,519 2,381 2,496 1,874 3,949 3,714 3,914 4,163
FCF margin 8.25% 12.39% 11.49% 6.94% 12.4% 11.78% 11.63% 11.87%
FCF Conversion (EBITDA) 52.11% 72.99% 64.28% 38.42% 69% 67.69% 65.15% 66.7%
FCF Conversion (Net income) 102.43% 142.66% 119.14% 69.87% 137.84% 138.73% 124.11% 123.57%
Dividend per Share 2 - 1.800 2.300 2.600 2.850 3.300 3.533 4.000
Announcement Date 05/02/20 02/02/21 02/02/22 02/02/23 01/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,726 6,398 6,683 6,707 7,228 8,063 8,100 7,851 7,821 7,744 8,033 7,733 7,944
EBITDA 1 1,008 1,144 1,210 1,233 1,291 1,447 1,448 1,433 1,396 1,279 1,372 1,376 1,413
EBIT 1 735 849 908 912 951 1,079 1,061 1,031 987 880 972 976 1,013
Operating Margin 12.84% 13.27% 13.59% 13.6% 13.16% 13.38% 13.1% 13.13% 12.62% 11.36% 12.1% 12.62% 12.75%
Earnings before Tax (EBT) 713 814 871 870 885 981 939 897 874 765 - - -
Net income 523 637 675 691 679 - 724 680 709 587 - - -
Net margin 9.13% 9.96% 10.1% 10.3% 9.39% - 8.94% 8.66% 9.07% 7.58% - - -
EPS 1.440 1.750 1.850 1.900 1.860 2.060 1.990 1.870 1.950 1.610 - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 02/02/22 29/04/22 19/07/22 28/10/22 02/02/23 27/04/23 20/07/23 27/10/23 01/02/24 25/04/24 - - -
1SEK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,130 4,878 5,489 8,580 7,747 6,391 3,267 1,224
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.103 x 1.495 x 1.414 x 1.759 x 1.354 x 1.165 x 0.5437 x 0.1961 x
Free Cash Flow 1 1,519 2,381 2,496 1,874 3,949 3,715 3,915 4,163
ROE (net income / shareholders' equity) 22% 21% 23% 24% 21% 19.4% 19.6% 19.4%
ROA (Net income/ Total Assets) 9.38% 9.4% 10.5% 10.5% 9.53% 8.59% 9.64% 10.7%
Assets 1 15,807 17,753 19,981 25,431 30,069 31,158 32,712 31,609
Book Value Per Share 2 19.70 23.70 28.30 35.00 39.70 44.50 50.10 55.40
Cash Flow per Share 2 5.300 7.650 7.840 6.510 12.30 11.70 12.80 13.00
Capex 1 403 399 357 498 542 536 605 653
Capex / Sales 2.19% 2.08% 1.64% 1.84% 1.7% 1.7% 1.8% 1.86%
Announcement Date 05/02/20 02/02/21 02/02/22 02/02/23 01/02/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
257 SEK
Average target price
280 SEK
Spread / Average Target
+8.95%
Consensus
  1. Stock Market
  2. Equities
  3. INDT Stock
  4. Financials Indutrade AB