Kitron ASA

BATS-CHIXE:KITO Stock Report

Market Cap: NOK 9.8b

Kitron Valuation

Is KITO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KITO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 90.37
Fair Value
43.2% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: KITO (NOK51.38) is trading below our estimate of fair value (NOK90.37)

Significantly Below Fair Value: KITO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KITO?

Key metric: As KITO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KITO. This is calculated by dividing KITO's market cap by their current earnings.
What is KITO's PE Ratio?
PE Ratio29.4x
Earnings€0
Market Cap€822.93m

Price to Earnings Ratio vs Peers

How does KITO's PE Ratio compare to its peers?

The above table shows the PE ratio for KITO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.5x
GHH Gooch & Housego
29.7x33.1%UK£97.2m
OXIG Oxford Instruments
18.6x10.5%UK£975.5m
RPI Raspberry Pi Holdings
92.7x31.0%UK£814.7m
RSW Renishaw
17.2x12.7%UK£1.7b
KITO Kitron
29.4x19.3%NOK 9.8b

Price-To-Earnings vs Peers: KITO is good value based on its Price-To-Earnings Ratio (29.4x) compared to the peer average (39.5x).

Price to Earnings Ratio vs Industry

How does KITO's PE Ratio compare vs other companies in the European Electronic Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies16PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KITO is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the European Electronic industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is KITO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KITO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KITO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KITO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 51.38
NOK 55.25
+7.5%
12.0%NOK 60.00NOK 44.00n/a4
Apr ’26NOK 45.53
NOK 46.50
+2.1%
21.0%NOK 57.00NOK 34.00n/a4
Mar ’26n/a
NOK 39.00
0%
9.6%NOK 43.00NOK 34.00n/a3
Feb ’26n/a
NOK 35.33
0%
10.9%NOK 39.00NOK 30.00n/a3
Jan ’26n/a
NOK 34.67
0%
9.5%NOK 37.00NOK 30.00n/a3
Dec ’25n/a
NOK 34.00
0%
8.7%NOK 37.00NOK 30.00n/a3
Nov ’25n/a
NOK 34.00
0%
8.7%NOK 37.00NOK 30.00n/a3
Oct ’25n/a
NOK 34.67
0%
16.5%NOK 42.00NOK 28.00n/a3
Sep ’25n/a
NOK 34.67
0%
16.5%NOK 42.00NOK 28.00n/a3
Aug ’25n/a
NOK 34.67
0%
16.5%NOK 42.00NOK 28.00n/a3
Jul ’25n/a
NOK 33.00
0%
11.3%NOK 37.00NOK 28.00n/a3
Jun ’25n/a
NOK 33.67
0%
12.0%NOK 37.00NOK 28.00n/a3
May ’25n/a
NOK 34.67
0%
14.4%NOK 40.00NOK 28.00n/a3
Apr ’25n/a
NOK 40.00
0%
5.4%NOK 42.00NOK 37.00NOK 45.533
Mar ’25n/a
NOK 40.00
0%
5.4%NOK 42.00NOK 37.00n/a3
Feb ’25n/a
NOK 37.50
0%
1.3%NOK 38.00NOK 37.00n/a2
Jan ’25n/a
NOK 37.50
0%
1.3%NOK 38.00NOK 37.00n/a2
Dec ’24n/a
NOK 37.50
0%
1.3%NOK 38.00NOK 37.00n/a2
Nov ’24NOK 30.33
NOK 37.50
+23.7%
1.3%NOK 38.00NOK 37.00n/a2
Oct ’24n/a
NOK 46.00
0%
8.7%NOK 50.00NOK 42.00n/a2
Sep ’24n/a
NOK 46.00
0%
8.7%NOK 50.00NOK 42.00n/a2
Aug ’24n/a
NOK 46.00
0%
8.7%NOK 50.00NOK 42.00n/a2
Jul ’24NOK 42.70
NOK 49.00
+14.8%
2.0%NOK 50.00NOK 48.00n/a2
Jun ’24NOK 45.43
NOK 49.00
+7.9%
2.0%NOK 50.00NOK 48.00n/a2
May ’24n/a
NOK 36.00
0%
11.1%NOK 40.00NOK 32.00n/a2
Apr ’24n/a
NOK 33.50
0%
4.5%NOK 35.00NOK 32.00n/a2
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
NOK 57.83
Fair Value
11.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 20:22
End of Day Share Price 2025/04/23 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kitron ASA is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Magnus GranerødBeringer Finance AB
Emilie EngenDNB Markets