Incap Valuation Multiples

Incap Overview

About Incap

Incap Oyj is an electronics manufacturing services company with manufacturing operations in Estonia, India, Slovakia, and the United Kingdom and a sourcing office in Hong Kong. as a full-service provider in Electronics Manufacturing Services providing material procurement, prototyping, production ramp-up, serial production, final assembly, testing, designing, project management, and logistics. Also, it includes services such as printed circuit board (PCB) assembly, box-build final assembly, electromechanical assembly, and cable and wire harness assembly, among other things. The company's geographical divisions include Europe, North America, and Asia.

Founded

1992

HQ

Employees

2.6K

Website

incapcorp.com

Sectors

Computer HardwareElectronic Components

Financials (LTM)

Revenue: $284M

EBITDA: $41M

EV

$309M

Valuation Multiples

Multiples.vc

Start free trial

Incap Financials

Incap reported last 12-month revenue of $284M and EBITDA of $41M.

In the same LTM period, Incap generated $41M in EBITDA and $19M in net income.

Incap P&L

In the most recent fiscal year, Incap reported revenue of $253M and EBITDA of $38M.

Incap expects next 12-month revenue of XXX and NTM EBITDA of XXX

Incap Stock Performance

Incap has current market cap of $372M, and enterprise value of $309M.

Incap's stock price is $12.63.

Incap Valuation Multiples

Incap trades at 1.1x EV/Revenue multiple, and 7.5x EV/EBITDA.

Incap Financial Valuation Multiples

As of April 20, 2026, Incap has market cap of $372M and EV of $309M.

Equity research analysts estimate Incap's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Incap has a P/E ratio of 19.4x.

Incap Margins & Growth Rates

Incap's revenue in the last 12 month grew by 30%.

Incap's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Incap's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Incap's rule of X is 116% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Incap Public Comps

See public comps and valuation multiples for other Computer Hardware and Electronic Components comps.

Incap M&A Activity

Incap acquired XXX companies to date.

Last acquisition by Incap was on XXXXXXXX, XXXXX. Incap acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Incap Investment Activity

Incap invested in XXX companies to date.

Incap made its latest investment on XXXXXXXX, XXXXX. Incap invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).