Rugged computers for demanding environments

JLT Mobile Computers

JLT Mobile Computers is a Swedish company that develops computers for tough environments. Most sales are done through a well-developed network of partners, with the main markets being Europe and the US. The computers are made for customers with high demand of functionality and reliability in robust surroundings, e.g. industries such as mining, forest, storage, logistics and military. Moisture, dust and high vibration are typical characteristics of these extreme conditions. The computers are usually mounted on a wall or docked in a vehicle.

Financials

JLT MOBILE COMPUTERS

SEKm 2017 2018 2019
Sales 113 126 132
Sales growth (%) -11,2 11,8 5
EBITDA 10 13 15
EBITDA margin (%) 9,2 10,2 11,3
EBIT adj 9 10 12
EBIT adj margin (%) 8,2 8,3 9,4
Pretax profit 9 10 12
EPS rep 0,24 0,28 0,34
EPS growth (%) -33,8 17 21,5
EPS adj 0,24 0,28 0,34
DPS 0,15 0,2 0,25
EV/EBITDA (x) 9,8 7 5,8
EV/EBIT adj (x) 11,1 8,5 7
P/E (x) 18,7 15,4 12,7
P/E adj (x) 18,7 15,4 12,7
EV/sales (x) 0,9 0,7 0,7
FCF yield (%) 5 9,2 7,8
Dividend yield (%) 3,4 4,7 5,8
Net IB debt/EBITDA -2,6 -2,6 -2,4