Icape Holding (XPAR:ALICA) Debt-to-EBITDA : 3.41 (As of Dec. 2025) — 35% Below Median

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XPAR:ALICA Icape Holding SA XPAR:ALICA
83 GF Score
Price €8.32
GF Value €11.47
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Icape Holding Debt-to-EBITDA?

Icape Holding XPAR:ALICA -0.95% 83 Debt-to-EBITDA is 3.41 as of Dec. 2025, which is 35% below its 10-year median of 5.23. GuruFocus rates XPAR:ALICA with a GF Score™ of 83/100 and a GF Value™ of €11.47 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,793 Hardware companies, Icape Holding ranks worse than 72.45% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Icape Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €17.5 Mil. Icape Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €35.9 Mil. Icape Holding's annualized EBITDA for the quarter that ended in Dec. 2025 was €15.7 Mil. Icape Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 3.41.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Icape Holding's Debt-to-EBITDA or its related term are showing as below:

XPAR:ALICA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.4   Med: 5.23   Max: 7.26
Current: 3.88

During the past 8 years, the highest Debt-to-EBITDA Ratio of Icape Holding was 7.26. The lowest was 3.40. And the median was 5.23.

XPAR:ALICA's Debt-to-EBITDA is ranked worse than
72.45% of 1793 companies
in the Hardware industry
Industry Median: 1.7 vs XPAR:ALICA: 3.88

Icape Holding  (XPAR:ALICA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Icape Holding Debt-to-EBITDA Related Terms


Icape Holding Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Icape Holding's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Icape Holding Debt-to-EBITDA Chart

Icape Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 6.16 3.40 5.45 5.05 3.89

Icape Holding Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.49 5.28 4.23 5.34 3.41

XPAR:ALICA vs APH, GLW, TEL: Debt-to-EBITDA Comparison

For the Electronic Components subindustry, Icape Holding's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Icape Holding Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Icape Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Icape Holding's Debt-to-EBITDA falls into.


XPAR:ALICA
83GF Score
Icape Holding SA XPAR:ALICA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Icape Holding Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Icape Holding's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(17.491 + 35.874) / 13.709
=3.89

Icape Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(17.491 + 35.874) / 15.668
=3.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.41 mean?
Icape Holding (XPAR:ALICA) has a Debt-to-EBITDA of 3.41 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Icape Holding. This is 35% below median its historical median of 5.23. Over the past decade, Icape Holding's Debt-to-EBITDA has ranged from 3.40 to 7.26. According to the industry distribution chart, Icape Holding ranks #1299 out of 1793 companies in the Hardware industry, placing it in the top 72.4%.
Is Icape Holding's Debt-to-EBITDA too high?
Icape Holding's current Debt-to-EBITDA of 3.41 is 35% below median its 10-year median of 5.23. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 7.26. The Hardware industry median Debt-to-EBITDA is 1.70. Icape Holding's value of 3.41 is 100.6% above this industry median. Based on the distribution chart, Icape Holding ranks #1299 out of 1793 companies in the Hardware industry, which is below the industry midpoint. Overall, Icape Holding has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icape Holding's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Icape Holding ranks #1299 out of 1793 companies for Debt-to-EBITDA. This places Icape Holding in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. Icape Holding's value of 3.41 is 100.6% above this benchmark. Historically, Icape Holding's own Debt-to-EBITDA has ranged from 3.40 to 7.26 over the past decade. While the company's 10-year median is 5.23 vs. the industry median of 1.70, Icape Holding has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.70, based on 1,793 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Icape Holding's current Debt-to-EBITDA of 3.41 is 100.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Icape Holding. For the Hardware industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icape Holding's current Debt-to-EBITDA is 3.41, which is 35% below median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icape Holding stock overvalued right now?
Based on GuruFocus' analysis, Icape Holding (XPAR:ALICA) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.47, compared to a current price of €8.32 — trading 27.5% below its estimated fair value. The current Debt-to-EBITDA is 3.41, which is 35% below median its 10-year median of 5.23 and 100.6% above the Hardware industry median of 1.70. Icape Holding's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Icape Holding (XPAR:ALICA), the current Debt-to-EBITDA is 3.41 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Icape Holding (XPAR:ALICA) Overvalued in 2026?

Based on GuruFocus' analysis, Icape Holding stock appears to be undervalued. The current stock price of €8.32 is trading 27.5% below its estimated GF Value™ of €11.47. GuruFocus considers Icape Holding to be Modestly Undervalued.

Key valuation signals for XPAR:ALICA:

  • Debt-to-EBITDA: 3.41 (35% below median its 10-year median of 5.23)
  • GF Value™: €11.47 vs. price of €8.32 (27.5% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 100.6% above the Hardware median (#1299 of 1793)

No single metric tells the full story. See the XPAR:ALICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Icape Holding Business Description

Other Exchanges Z8J:Germany
Address Immeuble Volta 33 Avenue du General Leclerc, Fontenay-aux-Roses, FRA, 92260
Icape Holding SA is engaged in the distribution, trade, and production of printed circuit boards (PCB), which are essential components used across the electronics industry, including the business, telecommunications, automotive, connected objects, home automation, e-mobility, medical, power, multimedia, and IT industries. Its segemnts are: It operates through the Trade in printed circuit boards (PCB) - Americas; Trade and production of printed circuit boards (PCB); Trade and production of printed circuit boards (PCB) - Central Europe; Trade in printed circuit boards (PCB) - Asia and the Rest of the World, which generates maximum revenue; Trade and production of technical parts (Tech Parts) - Europe; and Trade and production of technical parts (Tech Parts) - Rest of the World.
83GF Score

Get the complete analysis for XPAR:ALICA

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€8.32
Price
€11.47
GF Value