Added to YB: 2025-08-14
Pitch date: 2025-08-12
ITECH.ST [bullish]
I-Tech AB
-60.92%
current return
Author Info
ROE The Boat shares research on profitable, growing small/micro caps. Sign up for the newsletter.
Company Info
I-Tech AB, a biotechnology company, develops, markets, and sells antifouling coating products in Sweden.
Market Cap
SEK 544.7M
Pitch Price
SEK 119.00
Price Target
N/A
Dividend
2.75%
EV/EBITDA
8.50
P/E
16.36
EV/Sales
2.36
Sector
Chemicals
Category
growth
A Quality Growing Swedish Microcap 🇸🇪
ITECH.ST: Swedish microcap with barnacle-repelling Selektope for ship hulls. Rapidly growing (+48% 2024) asset-light model yields 56% gross/31.5% op margins. 7 of 9 major marine paint makers use product, but only 3% penetration of 110k global ships. Risks: customer concentration (CMP 66%), USD/SEK exposure, regulatory approvals. P/E 25x.
Read full article (9 min)