Nischdistributör inom data- och telekommunikationsprodukter

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 580 627 688
Sales growth (%) 103,4 8,1 9,8
EBITDA 72 77 86
EBITDA margin (%) 12,5 12,2 12,5
EBIT adj 72 76 85
EBIT adj margin (%) 12,3 12,2 12,4
Pretax profit 63 64 79
EPS rep 2,94 2,95 3,62
EPS growth (%) 102,5 0,3 22,8
EPS adj 2,94 3 3,62
DPS 0,5 0,75 1
EV/EBITDA (x) 10,2 10,4 8,8
EV/EBIT adj (x) 10,3 10,5 8,9
P/E (x) 13,1 13,6 11,1
P/E adj (x) 13,1 13,4 11,1
EV/sales (x) 1,3 1,3 1,1
FCF yield (%) 3 -1,1 8,3
Dividend yield (%) 1,3 1,9 2,5
Net IB debt/EBITDA 1,5 1,6 0,9