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 10,1 7,7
EV/EBIT adj (x) 10,3 10,1 7,8
P/E (x) 13,1 13 9,4
P/E adj (x) 13,1 12,7 9,4
EV/sales (x) 1,3 1,1 1
FCF yield (%) 3 -2,1 9,1
Dividend yield (%) 1,3 2,4 3,2
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
Jonas Mårtensson
Mats Nyberg
Charette Group Ltd
Mats Nyberg
Mats Nyberg
Mats Nyberg
Pierre Fors
Stefan Maximilian Charette
Mats Nyberg
Athanase Industrial Partners II AB
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