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.
Established dividend payer with adequate balance sheet.
Share Price & News
How has Kitron's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KP5's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KP5 exceeded the German Electronic industry which returned 8.5% over the past year.
Return vs Market: KP5 exceeded the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Kitron's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kitron undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KP5 (€1.18) is trading below our estimate of fair value (€1.47)
Significantly Below Fair Value: KP5 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KP5 is good value based on its PE Ratio (16.4x) compared to the Electronic industry average (29.8x).
PE vs Market: KP5 is good value based on its PE Ratio (16.4x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: KP5 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: KP5 is overvalued based on its PB Ratio (2.9x) compared to the DE Electronic industry average (1.9x).
How is Kitron forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KP5's forecast earnings growth (11.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: KP5's earnings (11.7% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: KP5's earnings are forecast to grow, but not significantly.
Revenue vs Market: KP5's revenue (7.5% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: KP5's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KP5's Return on Equity is forecast to be high in 3 years time (23%)
How has Kitron performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KP5 has high quality earnings.
Growing Profit Margin: KP5's current net profit margins (4%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: KP5's earnings have grown significantly by 20.9% per year over the past 5 years.
Accelerating Growth: KP5's earnings growth over the past year (20.2%) is below its 5-year average (20.9% per year).
Earnings vs Industry: KP5 earnings growth over the past year (20.2%) exceeded the Electronic industry -3.9%.
Return on Equity
High ROE: KP5's Return on Equity (17.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Kitron's financial position?
Financial Position Analysis
Short Term Liabilities: KP5's short term assets (NOK1.7B) exceed its short term liabilities (NOK1.3B).
Long Term Liabilities: KP5's short term assets (NOK1.7B) exceed its long term liabilities (NOK353.1M).
Debt to Equity History and Analysis
Debt Level: KP5's debt to equity ratio (115.6%) is considered high.
Reducing Debt: KP5's debt to equity ratio has increased from 63.9% to 115.6% over the past 5 years.
Debt Coverage: KP5's debt is well covered by operating cash flow (22.9%).
Interest Coverage: KP5's interest payments on its debt are well covered by EBIT (6.3x coverage).
Inventory Level: KP5 has a high level of physical assets or inventory.
Debt Coverage by Assets: KP5's debt is covered by short term assets (assets are 2x debt).
What is Kitron's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KP5's dividend (4.11%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: KP5's dividend (4.11%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: KP5's dividend payments have been volatile in the past 10 years.
Growing Dividend: KP5's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.6%), KP5's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KP5's dividends in 3 years are forecast to be covered by earnings (66.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Nilsson (55yo)
Mr. Lars Peter Nilsson has been the Chief Executive Officer of Kitron ASA since November 10, 2014 and serves as its President. He served as the President of Electronics Technology Division at PartnerTech A ...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD568.97K) is about average for companies of similar size in the German market ($USD616.99K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
|CEO & President||5.3yrs||kr5.28m||1.16% NOK2.5m|
|Chief Financial Officer||6.5yrs||kr2.98m||0.49% NOK1.0m|
|COO & Sales Director||7.1yrs||kr3.09m||0.42% NOK897.5k|
|Chief Human Resource Officer||0yrs||kr2.15m||0.064% NOK137.4k|
|MD of Kitron AS - Norway & VP of North America||4.3yrs||kr2.37m||0.24% NOK520.9k|
|MD of UAB Kitron - Lithuania & VP of Central Eastern Europe||12yrs||kr1.75m||0.29% NOK623.8k|
|Managing Director of Kitron Electronics Manufacturing (Ningbo) CO Ltd.||0yrs||kr2.47m||0.25% NOK546.1k|
|Managing Director of Kitron AB- Sweden||0yrs||kr2.47m||no data|
|Chief Technology Officer||0yrs||no data||no data|
|General Manager of Kitron Sweden and Board Observer||0yrs||kr10.00k||no data|
Experienced Management: KP5's management team is seasoned and experienced (6.5 years average tenure).
|General Manager of Kitron Sweden and Board Observer||0yrs||kr10.00k||no data|
|Chairman of the Board||6.1yrs||kr476.00k||0.11% NOK238.5k|
|Independent Director||1.8yrs||kr186.00k||0.0075% NOK16.3k|
|Independent Director||2.8yrs||kr266.00k||0.024% NOK52.4k|
|Independent Director||1.8yrs||kr197.00k||0.0075% NOK16.3k|
|Deputy Chairman of the Board||2.8yrs||kr243.00k||0.021% NOK45.2k|
|Employee Representative Director||8.1yrs||kr232.00k||0.0075% NOK16.3k|
|Employee Representative Director||4.5yrs||kr232.00k||0.0075% NOK16.3k|
|Employee Representative Director||0.8yrs||no data||0.0038% NOK8.2k|
Experienced Board: KP5's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kitron ASA's company bio, employee growth, exchange listings and data sources
- Name: Kitron ASA
- Ticker: KP5
- Exchange: DB
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: kr2.178b
- Listing Market Cap: kr216.095m
- Shares outstanding: 179.10m
- Website: https://www.kitron.com
Number of Employees
- Kitron ASA
- Olav Brunborgs vei 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KIT||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1998|
|0F0J||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1998|
|KITO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1998|
|KP5||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1998|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 23:34|
|End of Day Share Price||2020/02/21 00:00|
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.