Added to YB: 2026-10-02
Pitch date: 2026-09-28
ITECH.ST [bullish]
I-Tech AB
+3.13%
current return
Author Info
Trade Ideas Flow is an Ex-Equity PM & Quant (10y+ buy-side) curating the Open-Web Hedge Fund. Reading 100s of pitches weekly to find the signal. Sign up for the newsletter.
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 825.4M
Pitch Price
SEK 70.20
Price Target
140.00 (+93%)
Dividend
1.82%
EV/EBITDA
10.99
P/E
17.08
EV/Sales
3.46
Sector
Chemicals
Category
value
A barnacle fix Asia keeps buying - I-Tech AB
ITECH.ST: I-Tech’s sole product faces possible EU non-renewal, but Europe contributes only 2-4% of sales and Asia supplies 96%; Japan and Korea approved the molecule independently. Q2 sales rose 86% with the proposal public for more than six months. At SEK 70, valuation was ~13x annualized first-half earnings and ~10x ex-cash, with a non-renewal base case of SEK 110-145. Key risks are Asian regulatory contagion and customer concentration, with roughly one-third probability of a loss.
Read full article (3 min)