Industrial communication

HMS Networks

HMS Networks is a global supplier of products within the communication technology area. The primary focus is to make industrial devices accessible of communicating with each other. In addition to this, the company develops and commercializes software for remote monitoring and control. More than 90% of the total sales is done outside of Sweden, whereas the central markets are Germany, Japan and the US. The products are marketed under the brands Anybus (59%), eWon (19%), Ixxat (13%) and Intesis (9%).

Financials

HMS NETWORKS

SEKm 2017 2018 2019
Sales 1183 1370 1566
Sales growth (%) 24,3 15,8 14,4
EBITDA 259 304 346
EBITDA margin (%) 21,9 22,2 22,1
EBIT adj 212 253 285
EBIT adj margin (%) 17,9 18,5 18,2
Pretax profit 195 234 279
EPS rep 3,15 3,76 4,37
EPS growth (%) 42,2 19,4 16,2
EPS adj 3,15 3,76 4,37
DPS 1,5 2 2,5
EV/EBITDA (x) 23,5 24,5 21,1
EV/EBIT adj (x) 28,7 29,4 25,7
P/E (x) 39,3 40,7 35,1
P/E adj (x) 39,3 40,7 35,1
EV/sales (x) 5,1 5,4 4,7
FCF yield (%) 3,6 1,6 3,4
Dividend yield (%) 1,2 1,3 1,6
Net IB debt/EBITDA 1,1 1 0,5