Data and telecommunications products

Alcadon

Alcadon is a leading supplier of data and telecommunications products in the Nordics. It offers a wide range of high quality products and components from leading brands and their own brands ECS and DC-line (20%+ of sales). Alcadon has a heritage from 1988 and was divested from DistIT (publ) in 2015/2016. The shares are listed on Nasdaq First North since 2016. In 2017 sales were SEK 0.6bn with an EBIT margin of 12.3%. Financial targets include >10% EPS growth p.a.

Financials

ALCADON

SEKm 2017 2018 2019
Sales 580 578 638
Sales growth (%) 103,4 -0,4 10,5
EBITDA 72 64 80
EBITDA margin (%) 12,5 11,1 12,5
EBIT adj 72 64 78
EBIT adj margin (%) 12,3 11,1 12,3
Pretax profit 63 52 72
EPS rep 2,94 2,38 3,3
EPS growth (%) 102,5 -19 38,4
EPS adj 2,94 2,43 3,3
DPS 0,5 0,75 1
EV/EBITDA (x) 10,2 9,5 7,2
EV/EBIT adj (x) 10,3 9,5 7,3
P/E (x) 13,1 12,1 8,7
P/E adj (x) 13,1 11,8 8,7
EV/sales (x) 1,3 1,1 0,9
FCF yield (%) 3 -2,3 9,8
Dividend yield (%) 1,3 2,6 3,5
Net IB debt/EBITDA 1,5 2 1,1

Main shareholders

Alcadon

Main shareholders Share capital % Voting shares % Verified
Athanase Industrial Partners 11.5 % 11.5 % 23 Aug 2018
Anders Bladh 10.2 % 10.2 % 30 Sep 2018
Catella Fonder 5.7 % 5.7 % 30 Sep 2018
Humle Fonder 5.6 % 5.6 % 30 Sep 2018
Theodor Jeansson 4.4 % 4.4 % 30 Sep 2018
Avanza Pension 4.1 % 4.1 % 30 Sep 2018
Investment AB Spiltan 3.6 % 3.6 % 30 Sep 2018
Pierre Fors 2.2 % 2.2 % 30 Sep 2018
Carl Rosvall 2.1 % 2.1 % 30 Sep 2018
Jonas Mårtensson 1.8 % 1.8 % 30 Sep 2018

Insider list

Alcadon

Name
Pierre Fors
Pierre Fors
Pierre Fors
Pierre Fors
Mats Nyberg
Jonas Mårtensson
Mats Nyberg
Charette Group Ltd
Mats Nyberg
Mats Nyberg
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