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Vincit
2.61 EUR +0.77%8,199 investors are following this company
Vincit provides services in design and software development. The services include, for example, software for e-commerce and web applications, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized corporate customers. The main operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.
P/E (24e)
13.87
EV/EBIT (adj.) (24e)
7.6
EV/S (24e)
0.35
Dividend yield-% (24e)
5.75 %
Target price
3.10 EUR
Recommendation
Accumulate
Updated
25.4.2024
First North Finland
VINCIT
Daily low / high price
2.6 / 2.68
EUR
Market cap
44.25M EUR
Turnover
48.94K EUR
Volume
19K
Business risk
Valuation risk
Current
Previous
Analyst
Joni Grönqvist
Analyst
Financial calendar
Business review
25.04.2024
Interim report
18.07.2024
Business review
24.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Kuitunen Mikko Antti Mikael | 7.7 % | 7.7 % |
Bcore Oy | 7.1 % | 7.1 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Kimmo Kärkkäinen | 12.12.2023 | 59,600EUR |
Julius Manni | 12.12.2023 | 21,331EUR |
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Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 52.4 | 61.5 | 84.8 | 98.1 | 90.6 | 96.4 | 103.8 | 110.0 |
growth-% | 8.7 % | 17.4 % | 37.9 % | 15.7 % | -7.7 % | 6.4 % | 7.7 % | 6.0 % |
EBITDA | 8.2 | 6.5 | 3.6 | 2.0 | 5.1 | 6.6 | 7.9 | 8.8 |
EBIT (adj.) | 7.6 | 5.1 | 5.2 | 3.4 | 4.2 | 5.8 | 7.0 | 7.8 |
EBIT | 6.0 | 4.1 | 0.2 | -2.2 | 1.0 | 2.6 | 3.8 | 4.8 |
Profit before taxes | 5.8 | 4.8 | 0.2 | -2.5 | 1.1 | 2.8 | 4.0 | 5.0 |
Net income | 4.4 | 3.5 | -0.3 | -2.9 | -0.1 | 1.3 | 2.2 | 3.1 |
EPS (adj.) | 0.50 | 0.40 | 0.32 | 0.16 | 0.19 | 0.27 | 0.33 | 0.37 |
growth-% | 131.6 % | -19.7 % | -20.7 % | -49.4 % | 17.6 % | 44.0 % | 21.1 % | 12.1 % |
Dividend | 0.18 | 0.20 | 0.15 | 0.10 | 0.15 | 0.17 | 0.20 | 0.22 |
Dividend ratio | 49.7 % | 70.4 % | -893.7 % | -57.8 % | -2,963.8 % | 218.6 % | 148.3 % | 117.9 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.6 % | 10.5 % | 4.3 % | 2.0 % | 5.7 % | 6.8 % | 7.6 % | 8.0 % |
EBIT-% (adj.) | 14.5 % | 8.3 % | 6.1 % | 3.4 % | 4.6 % | 6.0 % | 6.7 % | 7.1 % |
EBIT-% | 11.4 % | 6.7 % | 0.3 % | -2.3 % | 1.1 % | 2.7 % | 3.7 % | 4.4 % |
ROE | 19.0 % | 13.6 % | -0.8 % | -7.4 % | -0.2 % | 3.8 % | 6.8 % | 9.5 % |
ROI | 24.3 % | 15.4 % | 0.7 % | -5.7 % | 3.2 % | 8.3 % | 12.2 % | 15.1 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 7.18 | 8.02 | 4.16 | 3.23 | 2.61 | 2.61 | 2.61 | 2.61 |
Shares | 12.1 | 12.2 | 16.5 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 |
Market cap | 86.7 | 98.1 | 68.7 | 53.5 | 43.2 | 43.2 | 43.2 | 43.2 |
Enterprise value | 77.0 | 89.5 | 58.5 | 41.4 | 31.6 | 30.5 | 28.7 | 26.5 |
EV/S | 1.5 | 1.5 | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 |
EV/EBITDA | 9.4 | 13.9 | 16.2 | 21.2 | 6.2 | 4.6 | 3.6 | 3.0 |
EV/EBIT (adj.) | 10.2 | 17.5 | 11.3 | 12.3 | 7.6 | 5.2 | 4.1 | 3.4 |
EV/EBIT | 12.9 | 21.8 | 248.9 | - | 32.8 | 11.7 | 7.6 | 5.5 |
P/E (adj.) | 14.5 | 20.1 | 13.2 | 20.2 | 13.9 | 9.6 | 8.0 | 7.1 |
P/E | 19.8 | 28.2 | - | - | - | 33.6 | 19.4 | 14.0 |
P/B | 3.5 | 3.7 | 1.7 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 |
P/S | 1.7 | 1.6 | 0.8 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 |
Dividend yield | 2.5 % | 2.5 % | 3.6 % | 3.1 % | 5.8 % | 6.5 % | 7.7 % | 8.4 % |
Equity ratio | 72.6 % | 70.2 % | 67.0 % | 63.4 % | 65.5 % | 63.3 % | 61.1 % | 57.4 % |
Gearing ratio | -38.3 % | -31.6 % | -24.5 % | -33.4 % | -33.6 % | -38.3 % | -44.5 % | -51.5 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 52.8 | 45.3 | 98.1 | 23.0 | 22.4 | 20.3 | 24.9 | 90.6 | |
EBITDA | 2.3 | -0.4 | 2.0 | 0.8 | 1.1 | 1.3 | 1.9 | 5.1 | |
EBIT | 0.3 | -2.5 | -2.2 | -0.3 | 0.1 | 0.3 | 0.9 | 1.0 | |
Profit before taxes | 0.1 | -2.6 | -2.5 | -0.2 | 0.2 | 0.3 | 0.9 | 1.1 | |
Net income | -0.3 | -2.6 | -2.9 | -0.4 | -0.1 | -0.0 | 0.5 | -0.1 |
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ShowingAll content types
Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win
IT service sector valuation levels at the bottom of our 7-year monitoring history, justifiably?
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