Supplier of technology in expansive niches

Lagercrantz

Lagercrantz is a technology trading company group in expansive niches offering value creating technology to corporate customers. The operations are conducted according to a decentralized model with 50+ independent companies divided into 4 divisions, Electronics, Mechatronics, Communications and Niche Products. Acquiring new companies is a central part of the business model. Lagercrantz has an increasing proportion of proprietary products, which enables enhanced control of the value chain and supports higher margins. The share is listed on Nasdaq Stockholm, Mid Cap, since 2001.

Financials

LAGERCRANTZ

SEKm 2017 2018 2019
Sales 3096 3411 3777
Sales growth (%) 1,3 10,2 10,7
EBITDA 452 486 547
EBITDA margin (%) 14,6 14,2 14,5
EBIT adj 361 378 429
EBIT adj margin (%) 11,7 11,1 11,4
Pretax profit 352 358 407
EPS rep 4,01 4,22 4,73
EPS growth (%) 13,7 5,4 12
EPS adj 4,86 5,09 5,64
DPS 2 2 2,4
EV/EBITDA (x) 14,5 13,9 12,2
EV/EBIT adj (x) 18,2 17,9 15,5
P/E (x) 21,7 19,8 18,1
P/E adj (x) 17,9 16,4 15,1
EV/sales (x) 2,1 2 1,8
FCF yield (%) 2 -4,8 6,4
Dividend yield (%) 2,3 2,4 2,8
Net IB debt/EBITDA 1,4 2,3 1,6