Added to YB: 2026-09-25
Pitch date: 2026-09-23
ITECH.ST [bullish]
I-Tech AB
+0.72%
current return
Author Info
No bio for this author
Company Info
I-Tech AB provides antifouling coating products in Sweden. It offers Selektope, an antifouling solution, which operates by selectively stimulating octopamine receptors in barnacle larvae, triggering a temporary swimming behavior that causes the larva to detach from the treated surface without being harmed.
Market Cap
SEK 850.6M
Pitch Price
SEK 69.80
Price Target
N/A
Dividend
1.76%
EV/EBITDA
11.40
P/E
17.60
EV/Sales
3.59
Sector
Chemicals
Category
growth
What the Barnacles Knew ($ITECH.ST)
ITECH.ST: I-Tech’s Selektope antifouling additive has low-single-digit fleet penetration and is positioned for 2027-29 coating demand from a seventeen-year-high ship orderbook. At SEK 70, the debt-free company trades near 7x underlying EBITDA and 10x earnings ex-cash and yields about 1.8%, while weighted scenarios imply an estimated 22-25% annualized three-year return. EU non-renewal directly affects only 2-4% of sales, but Asian contagion and recurring customer concentration are the thesis-critical risks.
Read full article (13 min)