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Incap: We are in full swing

ICP1VResearch28.10.2021 klo 08.19
Joonas KorkiakoskiAnalyst
Discuss
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Incap published its Q3 report yesterday. The strong H1 was followed by clearly stronger performance than expected. The company's performance is admirably strong and finding operational softness is very difficult. However, the price of the undeniable high-quality company has increased and the 12-month return/risk ratio is no longer what it used to be.

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Incap operates in the industrial sector. The company supplies equipment and services for industrial players, where the range includes PCB assembly, system integration, box building integration, design validation, and inspection methods. The largest operations are found in the Nordic, Baltic and Asian regions. The company was originally established in 1985 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures28.10.2021

202021e22e
Revenue106.5168.7205.8
growth-%49.9 %58.4 %22.0 %
EBIT (adj.)14.625.932.0
EBIT-% (adj.)13.8 %15.4 %15.5 %
EPS (adj.)0.370.710.87
Dividend0.000.160.18
Dividend %1.9 %2.1 %
P/E (adj.)9.812.19.9
EV/EBITDA7.18.86.8

Forum discussions

[quote="grandmaster, post:1633, topic:926"]
13 hours ago
by Mauri
15
Somewhat stealthily, this fellow has sneaked onto the board since I wasn’t at the annual general meeting. It turns out he partly owns the Norwegian...
yesterday
by El Hefe
16
This is not a drill, I repeat, not a drill! Incap has FINALLY got rid of its extremely ugly and unprofessional “Incap Rocks” branding, it would...
8/26/2026, 12:57 PM
by grandmaster
15
Someone mentioned that it would be nice if insiders also bought, and not just the company itself. Incap Corporation | Stock Exchange Release...
8/26/2026, 12:28 PM
by Perttu Hämäläinen
22
Let’s post this here as well, so here are Antti’s comments on the profit warning (posari) by Scanfil and Incap’s peer Kitron Norwegian contract...
8/25/2026, 9:27 AM
by Sijoittaja-alokas
7
Inderes Incap Oyj: Omien osakkeiden hankinta viikolla 32, 2026 - Inderes Incap Oyj | Pörssitiedote | 10.08.2026 klo 15:00:00 EESTIncap OyjPö...
8/10/2026, 2:29 PM
by Harvasepäivä
16
Can anybody confirm for me, is this the first share buyback in Incaps ’ lengthy history? If it is, that changes the profile.
8/6/2026, 1:20 PM
by grandmaster
7