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Kitron

DB:KP5
Snowflake Description

6 star dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KP5
DB
NOK2B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Kitron ASA, an electronic manufacturing services company, together with its subsidiaries, develops, industrializes, and manufactures electronics for the energy/telecoms, defense/aerospace, offshore/marine, medical device, and industry sectors. The last earnings update was 22 days ago. More info.


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KP5 Share Price and Events
7 Day Returns
0.1%
DB:KP5
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-
DB:KP5
-0.1%
DE Electronic
-6%
DE Market
KP5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kitron (KP5) 0.1% -5% - - - -
DE Electronic 1.6% 5.3% 20.4% -0.1% 98.5% 105%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • No trading data on KP5.
  • No trading data on KP5.
Price Volatility
KP5
Industry
5yr Volatility vs Market
Related Companies

KP5 Value

 Is Kitron undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kitron to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kitron.

DB:KP5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KP5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 23%) (28.49%))
1.202
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.202 * 5.96%)
7.39%

Discounted Cash Flow Calculation for DB:KP5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kitron is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:KP5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 7.39%)
2019 -105.84 Est @ -12.8% -98.55
2020 273.00 Analyst x1 236.71
2021 168.00 Analyst x1 135.64
2022 156.00 Analyst x1 117.28
2023 161.00 Analyst x1 112.71
2024 146.69 Est @ -8.89% 95.62
2025 137.66 Est @ -6.15% 83.56
2026 131.83 Est @ -4.24% 74.51
2027 128.01 Est @ -2.9% 67.37
2028 125.50 Est @ -1.96% 61.50
Present value of next 10 years cash flows NOK886.36
DB:KP5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK125.50 × (1 + 0.23%) ÷ (7.39% – 0.23%)
NOK1,755.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK1,755.67 ÷ (1 + 7.39%)10
NOK860.42
DB:KP5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK886.36 + NOK860.42
NOK1,746.78
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK1,746.78 / 176.19
NOK9.91
DB:KP5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KP5 represents 0.1025x of OB:KIT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1025x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 9.91 x 0.1025
€1.02
Value per share (EUR) From above. €1.02
Current discount Discount to share price of €0.90
= -1 x (€0.90 - €1.02) / €1.02
11.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kitron is available for.
Intrinsic value
11%
Share price is €0.9 vs Future cash flow value of €1.02
Current Discount Checks
For Kitron to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kitron's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Kitron's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kitron's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kitron's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KP5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK0.63
OB:KIT Share Price ** OB (2019-04-18) in NOK NOK8.8
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kitron.

DB:KP5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KIT Share Price ÷ EPS (both in NOK)

= 8.8 ÷ 0.63

14.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kitron is good value based on earnings compared to the DE Electronic industry average.
  • Kitron is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kitron's expected growth come at a high price?
Raw Data
DB:KP5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
12.3%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:KP5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.06x ÷ 12.3%

1.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kitron is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kitron's assets?
Raw Data
DB:KP5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK3.92
OB:KIT Share Price * OB (2019-04-18) in NOK NOK8.8
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:KP5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KIT Share Price ÷ Book Value per Share (both in NOK)

= 8.8 ÷ 3.92

2.24x

* Primary Listing of Kitron.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kitron is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Kitron's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Kitron has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KP5 Future Performance

 How is Kitron expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kitron expected to grow at an attractive rate?
  • Kitron's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kitron's earnings growth is expected to exceed the Germany market average.
  • Kitron's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KP5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KP5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 12.3%
DB:KP5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.3%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KP5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KP5 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,268 208 1
2022-12-31 3,934 190 1
2021-12-31 3,594 223 173 2
2020-12-31 3,329 266 156 2
2019-12-31 3,070 222 132 2
DB:KP5 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 2,619 -44 110
2018-09-30 2,548 73 112
2018-06-30 2,521 136 107
2018-03-31 2,503 157 104
2017-12-31 2,437 161 99
2017-09-30 2,339 106 95
2017-06-30 2,267 120 96
2017-03-31 2,181 118 86
2016-12-31 2,093 108 75
2016-09-30 2,047 160 72
2016-06-30 2,052 156 77
2016-03-31 1,978 144 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kitron's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Kitron's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KP5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Kitron Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KP5 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.98 0.98 0.98 2.00
2020-12-31 0.89 0.89 0.88 2.00
2019-12-31 0.74 0.77 0.72 2.00
DB:KP5 Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 0.63
2018-09-30 0.63
2018-06-30 0.60
2018-03-31 0.59
2017-12-31 0.56
2017-09-30 0.55
2017-06-30 0.56
2017-03-31 0.49
2016-12-31 0.43
2016-09-30 0.41
2016-06-30 0.44
2016-03-31 0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kitron is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Kitron's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kitron has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KP5 Past Performance

  How has Kitron performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kitron's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kitron has delivered over 20% year on year earnings growth in the past 5 years.
  • Kitron's 1-year earnings growth is less than its 5-year average (11.4% vs 35.9%)
  • Kitron's earnings growth has not exceeded the DE Electronic industry average in the past year (11.4% vs 18.1%).
Earnings and Revenue History
Kitron's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kitron Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KP5 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,619.26 110.27 420.38
2018-09-30 2,548.27 112.17 419.71
2018-06-30 2,520.89 106.70 407.25
2018-03-31 2,502.93 103.63 411.21
2017-12-31 2,436.73 99.00 410.82
2017-09-30 2,339.46 94.77 401.09
2017-06-30 2,266.62 96.13 396.53
2017-03-31 2,181.08 86.10 390.53
2016-12-31 2,093.00 74.55 382.56
2016-09-30 2,047.25 71.74 391.75
2016-06-30 2,052.34 76.83 395.85
2016-03-31 1,978.22 68.67 386.35
2015-12-31 1,951.82 72.23 382.09
2015-09-30 1,903.60 66.97 370.98
2015-06-30 1,818.00 48.97 370.48
2015-03-31 1,786.10 39.58 366.96
2014-12-31 1,751.30 24.29 380.37
2014-09-30 1,751.31 2.94 391.85
2014-06-30 1,715.88 1.33 388.90
2014-03-31 1,689.11 5.24 394.63
2013-12-31 1,631.60 8.33 380.57
2013-09-30 1,617.65 40.23 368.90
2013-06-30 1,636.78 42.11 367.41
2013-03-31 1,622.91 38.55 366.93
2012-12-31 1,695.03 47.15 371.11
2012-09-30 1,675.55 25.36 372.55
2012-06-30 1,662.45 25.93 371.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kitron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kitron used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Kitron has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kitron's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kitron has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KP5 Health

 How is Kitron's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kitron's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kitron is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kitron's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kitron's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kitron Company Filings, last reported 3 months ago.

DB:KP5 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 691.46 441.80 45.65
2018-09-30 641.72 373.74 53.57
2018-06-30 621.42 348.18 69.90
2018-03-31 687.46 315.72 140.46
2017-12-31 663.57 351.92 176.73
2017-09-30 624.07 281.51 111.73
2017-06-30 609.17 340.52 90.45
2017-03-31 610.72 323.37 95.37
2016-12-31 584.80 350.26 134.41
2016-09-30 568.87 309.94 105.61
2016-06-30 559.53 310.03 97.13
2016-03-31 573.58 309.85 80.40
2015-12-31 566.51 345.86 118.96
2015-09-30 550.54 320.84 52.77
2015-06-30 516.71 320.91 38.99
2015-03-31 497.05 337.06 29.02
2014-12-31 494.68 336.22 12.34
2014-09-30 471.67 282.81 19.15
2014-06-30 473.33 274.31 20.86
2014-03-31 468.61 284.67 40.95
2013-12-31 473.71 316.87 51.39
2013-09-30 474.29 288.36 12.70
2013-06-30 464.87 265.74 22.14
2013-03-31 470.96 270.52 37.67
2012-12-31 466.19 308.10 56.82
2012-09-30 452.56 324.30 29.98
2012-06-30 447.17 300.83 23.07
  • Kitron's level of debt (63.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.8% vs 63.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 18.1x coverage).
X
Financial health checks
We assess Kitron's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kitron has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KP5 Dividends

 What is Kitron's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.55%
Current annual income from Kitron dividends. Estimated to be 7.47% next year.
If you bought €2,000 of Kitron shares you are expected to receive €91 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kitron's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Kitron's dividend is above the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KP5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KP5 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.95 1.00
2022-12-31 0.85 1.00
2021-12-31 0.67 2.00
2020-12-31 0.59 2.00
2019-12-31 0.48 2.00
DB:KP5 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.400 4.508
2018-02-16 0.350 3.851
2017-04-05 0.250 3.350
2016-03-31 0.210 3.772
2015-03-18 0.050 1.662
2015-02-11 0.050 2.615
2014-10-22 0.000 0.000
2014-07-22 0.000 0.000
2014-04-23 0.000 0.000
2014-03-19 0.000 0.000
2013-04-22 0.100 5.349
2012-03-29 0.050 2.453
2011-02-09 0.000 0.000
2010-11-10 0.000 0.000
2010-08-12 0.000 0.000
2010-05-06 0.000 0.000
2010-04-15 0.000 0.000
2009-04-23 0.058 2.161

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kitron's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Kitron's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kitron afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kitron has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KP5 Management

 What is the CEO of Kitron's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cathrin Nylander
COMPENSATION NOK3,246,000
AGE 51
TENURE AS CEO 0.3 years
CEO Bio

Ms. Cathrin Nylander has been the Chief Financial Officer of Kitron ASA since August 9, 2013. Ms. Nylander is also Acting President and Acting Chief Executive Officer of Kitron ASA since January 3, 2019. She serves as the Chief Financial Officer of Diplom-Is AS in Oslo. Ms. Nylander has experience from several industries including cable manufacturing, IT and banking. She has solid financial and industrial background and has a proven track record as a Chief Financial Officer in operating highly competitive industries. She has Bachelor of Social Science Degree at University of Lund.

CEO Compensation
  • Cathrin's compensation has been consistent with company performance over the past year.
  • Cathrin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kitron management team in years:

4.9
Average Tenure
49
Average Age
  • The tenure for the Kitron management team is about average.
Management Team

Cathrin Nylander

TITLE
CFO, Acting President & Acting CEO
COMPENSATION
NOK3M
AGE
51
TENURE
0.3 yrs

Lars Nilsson

TITLE
CEO & President (Leave of Absence)
COMPENSATION
NOK5M
AGE
54

Israel Salvador

TITLE
COO & Sales Director
COMPENSATION
NOK3M
AGE
45
TENURE
6.3 yrs

Anne Hjelseth

TITLE
Chief Human Resource Officer
COMPENSATION
NOK1M
AGE
49

Hans Thomassen

TITLE
MD of Kitron AS - Norway & VP of North America
COMPENSATION
NOK3M
AGE
53
TENURE
3.5 yrs

Mindaugas Sestokas

TITLE
MD of UAB Kitron - Lithuania & VP of Central Eastern Europe
COMPENSATION
NOK2M
AGE
47
TENURE
11.2 yrs

Zygimantas Dirse

TITLE
Managing Director of Kitron Electronics Manufacturing (Ningbo) CO Ltd.
COMPENSATION
NOK2M
AGE
38

Stefan Hansson-Mutas

TITLE
Managing Director of Kitron AB- Sweden
COMPENSATION
NOK2M
AGE
52

Magnus Lindseth

TITLE
General Manager of Kitron Sweden and Board Observer
COMPENSATION
NOK10K
AGE
41
Board of Directors Tenure

Average tenure and age of the Kitron board of directors in years:

2.8
Average Tenure
53
Average Age
  • The average tenure for the Kitron board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tuomo Lähdesmäki

TITLE
Chairman of the Board
COMPENSATION
NOK405K
AGE
61
TENURE
5.3 yrs

Gro Braekken

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK205K
AGE
66
TENURE
2 yrs

Magnus Lindseth

TITLE
General Manager of Kitron Sweden and Board Observer
COMPENSATION
NOK10K
AGE
41

Espen Gundersen

TITLE
Director
COMPENSATION
NOK158K
AGE
54
TENURE
2 yrs

Bjørn Gottschlich

TITLE
Employee Representative Director
COMPENSATION
NOK201K
AGE
52
TENURE
7.3 yrs

Elisabeth Jacobsen

TITLE
Employee Representative Director
COMPENSATION
NOK224K
AGE
56
TENURE
5 yrs

Tanja Rørheim

TITLE
Employee Representative Director
COMPENSATION
NOK201K
AGE
46
TENURE
3.7 yrs

Maalfrid Brath

TITLE
Director
AGE
53
TENURE
1 yrs

Christian Jebsen

TITLE
Director
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. May 18 Buy Maalfrid Brath Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Tanja Rørheim Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Elisabeth Jacobsen Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Bjørn Gottschlich Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Gro Braekken Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Sell Mindaugas Sestokas Individual 02. May 18 02. May 18 -56,544 €0.94 €-52,928
02. May 18 Buy Espen Gundersen Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Christian Jebsen Individual 02. May 18 02. May 18 6,656 €0.94 €6,230
02. May 18 Buy Tuomo Lähdesmäki Individual 02. May 18 02. May 18 18,634 €0.94 €17,442
X
Management checks
We assess Kitron's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kitron has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KP5 News

Simply Wall St News

KP5 Company Info

Description

Kitron ASA, an electronic manufacturing services company, together with its subsidiaries, develops, industrializes, and manufactures electronics for the energy/telecoms, defense/aerospace, offshore/marine, medical device, and industry sectors. It manufactures electronics that are embedded in the customers’ products; and box-built electronic products. The company’s services include development services, such as product development, product management, re-engineering, and value analysis/value engineering; and industrialization services, including prototype manufacturing, evaluation of new products, component engineering and database, test development, design and build of high level assembly lines, and environmental durability testing. Its services also comprise sourcing and logistics services; manufacturing, assembling, and testing of electronic products for the professional market; and maintenance, repair, and refurbishment programs. The company provides its products and services in Norway, Sweden, Lithuania, Germany, China, and the United States. Kitron ASA is headquartered in Billingstad, Norway.

Details
Name: Kitron ASA
KP5
Exchange: DB
Founded:
NOK162,044,072
176,192,611
Website: http://www.kitron.com
Address: Kitron ASA
Olav Brunborgs vei 4,
Billingstad,
Akershus, 1396,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KIT Ordinary Shares Oslo Bors NO NOK 19. Jan 1998
DB KP5 Ordinary Shares Deutsche Boerse AG DE EUR 19. Jan 1998
LSE 0F0J Ordinary Shares London Stock Exchange GB NOK 19. Jan 1998
BATS-CHIXE KITO Ordinary Shares BATS 'Chi-X Europe' GB NOK 19. Jan 1998
Number of employees
Current staff
Staff numbers
1,606
Kitron employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 22:21
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.