-0.36%
7.73%
5.69%
-2.11%
51.70%
-19.44%
240.93%
AI Spotlight on ICP1V
Company Description
Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Europe, North America, and Asia.The company produces inverters, UPS devices and printed circuit board (PCBs) for fuel dispensers and sustainable energy products.It also offers PCB assembly, mass production, final assembly, design, and production of prototypes, as well as design for manufacturing feedback, testing, magnetic assemblies, and cable harnesses.
In addition, the company manufactures electronics and box-build products, as well as specializes in volume production, prototypes, and pre-series products.The company serves industrial customers such as automation, power generation, and telecommunications industries.Incap Oyj was incorporated in 1985 and is headquartered in Helsinki, Finland.
Market Data
| Last Price | 11.15 |
| Change Percentage | -0.36% |
| Open | 11.29 |
| Previous Close | 11.19 |
| Market Cap ( Millions) | 328 |
| Volume | 2911 |
| Year High | 13.39 |
| Year Low | 6.7 |
| M A 50 | 10.44 |
| M A 200 | 10.88 |
Financial Ratios
| FCF Yield | 1.70% |
| Dividend Yield | 0.00% |
| ROE | 18.01% |
| Debt / Equity | 26.30% |
| Net Debt / EBIDTA | -27.12% |
| Price To Book | 2.72 |
| Price Earnings Ratio | 15.84 |
| Price To FCF | 58.82 |
| Price To sales | 1.25 |
| EV / EBITDA | 8.3 |
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Taxonomy-eligible - Renewable Energy Technologies
Expected Growth : 12 %
What the company do ?
Incap Oyj's Taxonomy-eligible Renewable Energy Technologies segment includes production of renewable energy systems, energy storage solutions, and other eco-friendly technologies.
Why we expect these perspectives ?
Incap Oyj's 12% growth in Taxonomy-eligible Renewable Energy Technologies is driven by increasing demand for clean energy, government incentives, and declining production costs. Additionally, the company's focus on energy storage and grid integration solutions, as well as its expansion into emerging markets, contribute to its rapid growth.
Segment n°2 -> Taxonomy-non-eligible
Expected Growth : 8 %
What the company do ?
Taxonomy-non-eligible from Incap Oyj refers to a classification of customers or suppliers who do not meet specific criteria, such as creditworthiness or compliance, and are therefore not eligible for certain services or transactions.
Why we expect these perspectives ?
Incap Oyj's non-eligible taxonomy segment growth of 8% is driven by increasing demand for electronics in industrial automation, rising adoption of IoT devices, and growing need for efficient manufacturing processes. Additionally, Incap's strategic expansion into new markets and focus on operational efficiency contribute to the segment's growth.
Segment n°3 -> Taxonomy-eligible - Installation, Maintenance and Repair of instruments and Devices for Measuring, Regulation and Controlling Energy Performance of Buildings
Expected Growth : 10 %
What the company do ?
Incap Oyj's Taxonomy-eligible segment involves the installation, maintenance, and repair of instruments and devices that measure, regulate, and control energy performance in buildings, promoting sustainable energy efficiency.
Why we expect these perspectives ?
Incap Oyj's 10% growth in Installation, Maintenance and Repair of instruments and Devices for Measuring, Regulation and Controlling Energy Performance of Buildings is driven by increasing demand for energy-efficient buildings, government incentives for sustainable infrastructure, and rising adoption of IoT-based building management systems.
Segment n°4 -> Taxonomy-eligible - Low Carbon Technologies for Transport
Expected Growth : 13 %
What the company do ?
Incap Oyj's Taxonomy-eligible Low Carbon Technologies for Transport enable eco-friendly transportation solutions, reducing carbon footprint and promoting sustainable mobility.
Why we expect these perspectives ?
Incap Oyj's Low Carbon Technologies for Transport, with 13% growth, is driven by increasing adoption of electric vehicles, government incentives for eco-friendly transportation, and rising demand for sustainable logistics solutions. Additionally, advancements in battery technology, decreasing production costs, and growing investments in clean energy infrastructure also contribute to this growth.
Segment n°5 -> Taxonomy-eligible - Storage of Electricity
Expected Growth : 11 %
What the company do ?
Taxonomy-eligible Storage of Electricity from Incap Oyj refers to the environmentally friendly storage of electricity generated from renewable sources, supporting a low-carbon economy.
Why we expect these perspectives ?
Incap Oyj's storage of electricity, with 11% growth, is driven by increasing demand for renewable energy, government incentives for energy storage, and declining battery costs. Additionally, the growing need for grid resilience and stability, as well as the rising adoption of electric vehicles, contribute to this growth.
Segment n°6 -> Taxonomy-eligible - Data Processing, Hosting and Related Activities
Expected Growth : 14 %
What the company do ?
Taxonomy-eligible - Data Processing, Hosting and Related Activities from Incap Oyj refers to the company's data processing and hosting services, including cloud infrastructure, data analytics, and IT consulting.
Why we expect these perspectives ?
Incap Oyj's 14% growth in Data Processing, Hosting and Related Activities is driven by increasing demand for cloud-based services, digital transformation, and IoT adoption. Additionally, the rise of remote work and online transactions fuels the need for secure and efficient data processing, hosting, and related activities, contributing to the segment's growth.
Segment n°7 -> Taxonomy-eligible - Electricity Generation from Nuclear Energy in Existing Installations
Expected Growth : 9 %
What the company do ?
Taxonomy-eligible: Electricity Generation from Nuclear Energy in Existing Installations from Incap Oyj, supporting low-carbon energy production from existing nuclear facilities.
Why we expect these perspectives ?
Nuclear energy's low operating costs, carbon-free generation, and increasing global demand drive growth. Existing installations benefit from established infrastructure, reducing costs and environmental impact. Incap Oyj's expertise in nuclear energy and commitment to sustainability contribute to the 9% growth rate.
Segment n°8 -> Taxonomy-eligible - Transmission and Distribution of Electricity
Expected Growth : 12 %
What the company do ?
Transmission and Distribution of Electricity from Incap Oyj is a Taxonomy-eligible segment, providing electricity transmission and distribution services, supporting sustainable energy infrastructure development.
Why we expect these perspectives ?
Incap Oyj's Transmission and Distribution of Electricity segment is driven by increasing demand for renewable energy, grid modernization, and electrification of transportation. Growing investments in smart grids, energy storage, and decentralized power generation also contribute to the 12% growth. Additionally, government incentives and regulations supporting the transition to a low-carbon economy further boost the segment's expansion.
Segment n°9 -> Taxonomy-eligible - Construction, Extension and Operation of Waste Water Collection and Treatment
Expected Growth : 10 %
What the company do ?
Taxonomy-eligible - Construction, Extension and Operation of Waste Water Collection and Treatment from Incap Oyj: Refers to the development, expansion, and management of wastewater infrastructure, ensuring environmentally responsible practices.
Why we expect these perspectives ?
Incap Oyj's wastewater collection and treatment segment is driven by increasing environmental regulations, growing urbanization, and rising demand for sustainable infrastructure. The 10% growth rate is fueled by government investments in wastewater management, population growth, and the need for efficient treatment technologies to reduce environmental impact.
Segment n°10 -> Taxonomy-eligible - Infrastructure for Rail Transport
Expected Growth : 11 %
What the company do ?
Incap Oyj's Taxonomy-eligible Infrastructure for Rail Transport provides sustainable and environmentally friendly solutions for rail infrastructure development, supporting EU's green transition goals.
Why we expect these perspectives ?
Incap Oyj's Infrastructure for Rail Transport growth is driven by increasing demand for efficient rail networks, government investments in rail infrastructure, and rising adoption of digitalization and automation in rail transport. Additionally, growing concerns about climate change and environmental sustainability are boosting demand for rail transport, a relatively low-carbon mode of transportation.
Segment n°11 -> Taxonomy-eligible - Construction, Extension and Operation of Water Collection, Treatment and Supply Systems
Expected Growth : 12 %
What the company do ?
Taxonomy-eligible: Construction, Extension and Operation of Water Collection, Treatment and Supply Systems from Incap Oyj refers to the development, expansion, and management of water infrastructure projects, ensuring access to clean water and sanitation.
Why we expect these perspectives ?
Incap Oyj's 12% growth in Water Collection, Treatment and Supply Systems is driven by increasing global demand for clean water, urbanization, and government investments in infrastructure development. Additionally, stringent regulations and rising concerns over water scarcity are propelling the adoption of efficient water management systems, further fueling growth in this segment.
Incap Oyj Products
| Product Range | What is it ? |
|---|---|
| Electronics Manufacturing Services (EMS) | Incap Oyj provides Electronics Manufacturing Services (EMS) to original equipment manufacturers (OEMs) in various industries, including industrial, medical, and telecommunications. |
| Box Build and System Integration | Incap Oyj offers box build and system integration services, including the assembly of complete systems and sub-systems. |
| PCB Assembly | Incap Oyj provides printed circuit board (PCB) assembly services, including surface mount technology (SMT) and through-hole technology (THT). |
| Cable and Harness Assembly | Incap Oyj offers cable and harness assembly services, including the design and manufacturing of custom cables and harnesses. |
| Mechanical Assembly | Incap Oyj provides mechanical assembly services, including the assembly of mechanical components and sub-assemblies. |
| Design and Engineering Services | Incap Oyj offers design and engineering services, including product design, prototyping, and testing. |
| Supply Chain Management | Incap Oyj provides supply chain management services, including procurement, inventory management, and logistics. |
Incap Oyj's Porter Forces
Threat Of Substitutes
Incap Oyj operates in the electronics manufacturing industry, where substitutes are limited. However, the company's products can be substituted with similar products from other manufacturers, which poses a moderate threat.
Bargaining Power Of Customers
Incap Oyj's customers are mainly OEMs and EMS companies, which have limited bargaining power due to the company's specialized products and services.
Bargaining Power Of Suppliers
Incap Oyj relies on a few key suppliers for components and materials, which gives them some bargaining power. However, the company's diversified supplier base and long-term relationships mitigate this risk.
Threat Of New Entrants
The electronics manufacturing industry has high barriers to entry, including significant capital investments and technical expertise. This makes it difficult for new entrants to compete with Incap Oyj.
Intensity Of Rivalry
The electronics manufacturing industry is highly competitive, with many established players competing for market share. Incap Oyj faces intense rivalry from companies such as Foxconn, Flex, and Jabil.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 20.49% |
| Debt Cost | 6.19% |
| Equity Weight | 79.51% |
| Equity Cost | 13.36% |
| WACC | 11.89% |
| Leverage | 25.77% |
Incap Oyj : Quality Control
Incap Oyj passed 8 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TTG.L | TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and … |
| VAIAS.HE | Vaisala Oyj engages in the weather and environmental, and industrial measurement business serving weather related and industrial markets. The company's products include industrial measurement systems, such as HVAC and indoor … |
| ELTK | Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including … |
| NCAB.ST | NCAB Group AB (publ) manufactures and sells printed circuit boards (PCBs) worldwide. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, and double sided PCBs. … |
| BAR.BR | Barco NV, together with its subsidiaries, develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. The company operates through three divisions: Entertainment, Enterprise, and Healthcare. It offers cinema, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Vaisala
A-Score
1-Year Total Return ->
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Incap
A-Score
1-Year Total Return ->
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Barco
A-Score
1-Year Total Return ->
4
NCAB
A-Score
1-Year Total Return ->
5
TT Electronics
A-Score
1-Year Total Return ->
6
