Added to YB: 2025-08-14
Pitch date: 2025-08-12
ITECH.ST [bullish]
I-Tech AB
-39.68%
current return
Author Info
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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 799.1M
Pitch Price
SEK 116.71
Price Target
N/A
Dividend
1.88%
EV/EBITDA
14.72
P/E
23.06
EV/Sales
3.92
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.
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