Financials Kitron ASA

Equities

KIT

NO0003079709

Electronic Equipment & Parts

Market Closed - Oslo Bors 10:45:00 2024-05-24 am EDT 5-day change 1st Jan Change
33.42 NOK +0.84% Intraday chart for Kitron ASA +5.43% -0.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,970 3,245 4,650 5,545 6,640 6,624 - -
Enterprise Value (EV) 1 2,754 4,003 5,221 7,172 8,110 7,755 7,499 7,288
P/E ratio 14.9 x 15.2 x 30.6 x 19.2 x 11.3 x 15.5 x 12 x 10.5 x
Yield 4.55% 3.86% 1.06% 1.78% 2.24% 2.53% 3.08% 4.22%
Capitalization / Revenue 0.6 x 0.82 x 1.25 x 0.85 x 0.75 x 0.83 x 0.75 x 0.68 x
EV / Revenue 0.83 x 1.01 x 1.41 x 1.11 x 0.92 x 0.97 x 0.85 x 0.75 x
EV / EBITDA 9.57 x 9.66 x 15.3 x 11.5 x 8.03 x 8.67 x 7.38 x 6.55 x
EV / FCF - 19.3 x 65 x 112 x 16.7 x 11.3 x 10.4 x 9.55 x
FCF Yield - 5.18% 1.54% 0.89% 5.98% 8.87% 9.63% 10.5%
Price to Book 2.65 x - 3.79 x 3.68 x 3.15 x 2.73 x 2.34 x 2.04 x
Nbr of stocks (in thousands) 179,104 179,104 197,014 197,691 198,198 198,190 - -
Reference price 2 11.00 18.12 23.60 28.05 33.50 33.42 33.42 33.42
Announcement Date 2/13/20 2/11/21 2/11/22 2/15/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,299 3,964 3,711 6,487 8,863 8,011 8,834 9,725
EBITDA 1 287.8 414.4 341.9 621 1,010 894.1 1,016 1,112
EBIT 1 201.5 312.6 240.8 459.6 808.3 693.3 789 864.4
Operating Margin 6.11% 7.89% 6.49% 7.08% 9.12% 8.65% 8.93% 8.89%
Earnings before Tax (EBT) 1 169.6 274.1 204.2 392.2 739.7 548.7 701.2 784
Net income 1 132.5 213.1 152.8 287.1 584.2 430.2 550.4 628.4
Net margin 4.02% 5.38% 4.12% 4.43% 6.59% 5.37% 6.23% 6.46%
EPS 2 0.7400 1.190 0.7700 1.460 2.973 2.151 2.787 3.175
Free Cash Flow 1 - 207.4 80.34 63.76 485.2 688.2 722 762.9
FCF margin - 5.23% 2.16% 0.98% 5.47% 8.59% 8.17% 7.85%
FCF Conversion (EBITDA) - 50.05% 23.5% 10.27% 48.06% 76.97% 71.06% 68.61%
FCF Conversion (Net income) - 97.32% 52.56% 22.21% 83.04% 159.98% 131.17% 121.41%
Dividend per Share 2 0.5000 0.7000 0.2500 0.5000 0.7500 0.8465 1.029 1.410
Announcement Date 2/13/20 2/11/21 2/11/22 2/15/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 948.6 1,429 1,580 1,664 1,813 2,235 2,318 2,122 2,276 2,047 1,956 1,850 2,188 2,282
EBITDA 1 78.44 116.2 142.7 158.8 203.2 250.9 264 245.2 260.7 178.9 211.3 222.2 271.5 222.4
EBIT 1 52.26 78.1 100.2 116.3 165 202.8 215.7 191.9 205.8 124.8 153.8 166.3 215.3 -
Operating Margin 5.51% 5.47% 6.34% 6.99% 9.1% 9.08% 9.31% 9.04% 9.04% 6.1% 7.86% 8.99% 9.84% -
Earnings before Tax (EBT) 1 47.8 54.4 82.46 103.9 151.5 191.7 215.7 145.4 193.2 101.2 124 132.5 193.3 140.4
Net income 1 39.97 44.4 66.3 75.22 101.2 155.9 176.4 114.9 140.6 76.51 104.5 109 150.2 105.3
Net margin 4.21% 3.11% 4.2% 4.52% 5.58% 6.98% 7.61% 5.41% 6.18% 3.74% 5.34% 5.89% 6.86% 4.62%
EPS 2 0.2000 0.2300 0.3300 0.3800 0.5200 0.8208 0.8987 0.5922 0.6860 0.3531 0.4680 0.4680 0.8190 0.5850
Dividend per Share 2 0.2500 - - - 0.5000 - - - 0.7500 - 0.7020 - - -
Announcement Date 2/11/22 4/27/22 7/12/22 10/26/22 2/15/23 4/28/23 7/13/23 10/25/23 2/14/24 4/25/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 784 758 571 1,627 1,470 1,132 875 665
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.725 x 1.829 x 1.671 x 2.619 x 1.456 x 1.266 x 0.8613 x 0.5977 x
Free Cash Flow 1 - 207 80.3 63.8 485 688 722 763
ROE (net income / shareholders' equity) 18.5% 27.1% 14.5% 21% 31.3% 22.2% 22.8% 22.9%
ROA (Net income/ Total Assets) - - - - 8.97% 6.3% - -
Assets 1 - - - - 6,516 6,828 - -
Book Value Per Share 2 4.160 - 6.230 7.620 10.60 12.30 14.30 16.40
Cash Flow per Share - - - - - - - -
Capex 1 99.7 29.6 46 96.6 183 123 183 201
Capex / Sales 3.02% 0.75% 1.24% 1.49% 2.06% 1.53% 2.07% 2.06%
Announcement Date 2/13/20 2/11/21 2/11/22 2/15/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
33.42 NOK
Average target price
33.67 NOK
Spread / Average Target
+0.74%
Consensus
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