Bittium Oyj
Market Cap
€239.1m
Last Updated
2021/02/26 19:16 UTC
Data Sources
Company Financials +
Executive Summary
Bittium Oyj develops and offers solutions for connectivity, tactical communications, and biosignal measuring and monitoring worldwide. More Details
Rewards
PE ratio (32.6x) is below the Software industry average (40.5x)
Risk Analysis
No risks detected for BITTI from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Bittium Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BITTI is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BITTI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-4.4%
BITTI
-7.6%
FI Software
-2.0%
FI Market
1 Year Return
17.3%
BITTI
105.2%
FI Software
16.7%
FI Market
Return vs Industry: BITTI underperformed the Finnish Software industry which returned 105.5% over the past year.
Return vs Market: BITTI exceeded the Finnish Market which returned 15.3% over the past year.
Shareholder returns
| BITTI | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.4% | -7.6% | -2.0% |
| 30 Day | -3.8% | 12.0% | -2.4% |
| 90 Day | 24.2% | 21.7% | 3.4% |
| 1 Year | 17.3%17.3% | 105.5%105.2% | 25.1%16.7% |
| 3 Year | 28.7%19.5% | 142.1%138.4% | 34.6%11.3% |
| 5 Year | 43.4%21.2% | 29.3%23.1% | 73.3%35.0% |
Long-Term Price Volatility Vs. Market
How volatile is Bittium Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Its Financials Have Any Role To Play In Driving Bittium Oyj's (HEL:BITTI) Stock Up Recently?3 weeks ago | Simply Wall St
What Do The Returns At Bittium Oyj (HEL:BITTI) Mean Going Forward?1 month ago | Simply Wall St
If You Like EPS Growth Then Check Out Bittium Oyj (HEL:BITTI) Before It's Too LateValuation
Is Bittium Oyj undervalued compared to its fair value and its price relative to the market?
32.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BITTI (€6.51) is trading above our estimate of fair value (€6.33)
Significantly Below Fair Value: BITTI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BITTI is good value based on its PE Ratio (32.6x) compared to the FI Software industry average (40.5x).
PE vs Market: BITTI is poor value based on its PE Ratio (32.6x) compared to the Finnish market (27.8x).
Price to Earnings Growth Ratio
PEG Ratio: BITTI is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: BITTI is good value based on its PB Ratio (2x) compared to the FI Software industry average (10.8x).
Next Steps
Future Growth
How is Bittium Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
36.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BITTI's forecast earnings growth (36.8% per year) is above the savings rate (0.3%).
Earnings vs Market: BITTI's earnings (36.8% per year) are forecast to grow faster than the Finnish market (19.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BITTI's revenue (15.8% per year) is forecast to grow faster than the Finnish market (3.5% per year).
High Growth Revenue: BITTI's revenue (15.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BITTI's Return on Equity is forecast to be low in 3 years time (9.4%).
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Past Performance
How has Bittium Oyj performed over the past 5 years?
29.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BITTI has high quality earnings.
Growing Profit Margin: BITTI's current net profit margins (8.4%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: BITTI's earnings have grown significantly by 29.7% per year over the past 5 years.
Accelerating Growth: BITTI's earnings growth over the past year (54.9%) exceeds its 5-year average (29.7% per year).
Earnings vs Industry: BITTI earnings growth over the past year (54.9%) underperformed the Software industry 202.4%.
Return on Equity
High ROE: BITTI's Return on Equity (6.1%) is considered low.
Next Steps
Financial Health
How is Bittium Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: BITTI's short term assets (€78.6M) exceed its short term liabilities (€25.7M).
Long Term Liabilities: BITTI's short term assets (€78.6M) exceed its long term liabilities (€21.7M).
Debt to Equity History and Analysis
Debt Level: BITTI's debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: BITTI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BITTI's debt is well covered by operating cash flow (58.2%).
Interest Coverage: BITTI's interest payments on its debt are well covered by EBIT (215.4x coverage).
Balance Sheet
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Dividend
What is Bittium Oyj current dividend yield, its reliability and sustainability?
2.56%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BITTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BITTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BITTI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BITTI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BITTI is not paying a notable dividend for the Finnish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BITTI's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Hannu Huttunen (54 yo)
5.5yrs
Tenure
€334,000
Compensation
Mr. Hannu Huttunen has been the Chief Executive Officer of Bittium Oyj since August 7, 2015. Mr. Huttunen served as Managing Director and President of Wireless Business Segment at Bittium Technologies Oy s...
CEO Compensation Analysis
Compensation vs Market: Hannu's total compensation ($USD404.11K) is about average for companies of similar size in the Finnish market ($USD405.24K).
Compensation vs Earnings: Hannu's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.5yrs | €334.00k | 0.028% € 67.0k | |
| Founder & Member of Executive Board | no data | €20.00k | 4.22% € 10.1m | |
| Chief Financial Officer | 5.25yrs | no data | 0.0084% € 20.1k | |
| Member of Executive Board and External Advisor of the Board | no data | €37.00k | no data | |
| Member of Management Board | no data | €20.00k | no data | |
| Executive Vice President of Operations | 4.67yrs | no data | no data | |
| Chief Legal Officer | 6.42yrs | no data | 0.0031% € 7.4k | |
| Vice President of Communications & Marketing | 5.5yrs | no data | 0.0045% € 10.7k | |
| Senior Vice President of Sales | 2.33yrs | no data | 0.00056% € 1.3k | |
| Senior Vice President of Medical Technologies | 17.08yrs | no data | 0.22% € 536.0k | |
| Deputy Managing Director of Elektrobit Automation Ltd | 16.17yrs | no data | no data | |
| Auditor with Chief Responsibility of Audits | no data | no data | no data |
5.5yrs
Average Tenure
54yo
Average Age
Experienced Management: BITTI's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Executive Board and External Advisor of the Board | no data | €37.00k | no data | |
| Independent Member of the Board | 6.08yrs | €23.35k | 0.012% € 28.9k | |
| Independent Director | 1.83yrs | €20.57k | no data | |
| Independent Chairman of the Board | 5.42yrs | €42.61k | 4.22% € 10.1m | |
| Independent Director | 2.83yrs | €27.55k | 0.0040% € 9.6k | |
| Director | 0.67yr | no data | no data | |
| Independent Director | 5.42yrs | €27.15k | 0.040% € 95.9k |
4.1yrs
Average Tenure
66yo
Average Age
Experienced Board: BITTI's board of directors are considered experienced (4.1 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bittium Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bittium Oyj
- Ticker: BITTI
- Exchange: HLSE
- Founded: 1985
- Industry: Systems Software
- Sector: Software
- Market Cap: €239.144m
- Shares outstanding: 35.69m
- Website: https://www.bittium.com
Number of Employees
Location
- Bittium Oyj
- Ritaharjuntie 1
- Oulu
- Northern Ostrobothnia
- 90590
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BITTI | HLSE (OMX Nordic Exchange Helsinki) | Yes | Ordinary Shares | FI | EUR | Sep 1998 |
| 0JG5 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Sep 1998 |
| JOT | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 1998 |
| BITTIH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Sep 1998 |
Biography
Bittium Oyj develops and offers solutions for connectivity, tactical communications, and biosignal measuring and monitoring worldwide. The company offers information security solutions for mobile devices a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 19:16 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.