I

I-Tech AB
STO:ITECH

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I-Tech AB
STO:ITECH
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Price: 55.4 SEK 2.97% Market Closed
Market Cap: kr664.8m

EV/EBITDA

10.5
Current
25%
Cheaper
vs 3-y median of 14

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.5
=
Enterprise Value
kr408.5m
/
EBITDA
kr49m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.5
=
Enterprise Value
kr408.5m
/
EBITDA
kr49m

Valuation Scenarios

I-Tech AB is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (14), the stock would be worth kr73.52 (33% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-21%
Maximum Upside
+74%
Average Upside
32%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.5 kr55.4
0%
3-Year Average 14 kr73.52
+33%
5-Year Average 18.3 kr96.39
+74%
Industry Average 8.3 kr43.9
-21%
Country Average 14.9 kr78.1
+41%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr408.5m
/
Jan 2026
kr49m
=
10.5
Current
kr408.5m
/
Dec 2026
kr69.5m
=
5.9
Forward
kr408.5m
/
Dec 2027
kr86m
=
4.8
Forward
kr408.5m
/
Dec 2028
kr102m
=
4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
I-Tech AB
STO:ITECH
645.5m SEK 10.5 20
US
Sherwin-Williams Co
NYSE:SHW
85.6B USD 21.5 33.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.9T JPY 13.2 26.6
US
Ecolab Inc
NYSE:ECL
77.5B USD 21.8 37.3
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 5.8 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
282.1B CNY 21.7 25.4
CH
Givaudan SA
SIX:GIVN
26.6B CHF 17.8 25.6
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 28.9 54.8
US
Albemarle Corp
NYSE:ALB
23.3B USD 33.5 -34.4
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.3T INR 36.8 61.2
US
PPG Industries Inc
NYSE:PPG
25.7B USD 11.2 16.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
I
I-Tech AB
STO:ITECH
Average EV/EBITDA: 20.2
10.5
28%
0.4
US
Sherwin-Williams Co
NYSE:SHW
21.5
9%
2.4
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.2
4%
3.3
US
Ecolab Inc
NYSE:ECL
21.8
10%
2.2
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
5.8
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.7
33%
0.7
CH
Givaudan SA
SIX:GIVN
17.8
5%
3.6
DK
Novozymes A/S
CSE:NZYM B
28.9
N/A N/A
US
Albemarle Corp
NYSE:ALB
33.5
52%
0.6
IN
Asian Paints Ltd
NSE:ASIANPAINT
36.8
10%
3.7
US
PPG Industries Inc
NYSE:PPG
11.2
7%
1.6

Market Distribution

In line with most companies in Sweden
Percentile
34rd
Based on 1 230 companies
34rd percentile
10.5
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

I-Tech AB
Glance View

Market Cap
664.8m SEK
Industry
Chemicals

I-Tech AB manufactures marine coatings and anti-fouling products. The company is headquartered in Moelndal, Vastra Gotalands and currently employs 9 full-time employees. The company went IPO on 2018-05-28. The firm offers antifouling agents and binding technologies, such as metallic and organic binding/carrier/release systems for medetomidine through which the substance can be released in a low and constant concentration from the paint formulation. The firm is developing Selektope- marine biocide to be used in marine paint prohibiting growth on ship and boat hulls. The product has received regulatory approvals in Japan and Korea and is under registration in Europe and China.

ITECH Intrinsic Value
86 SEK
Undervaluation 36%
Intrinsic Value
Price kr55.4
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