Kitron ASA, an electronics manufacturing services company, together with its subsidiaries, develops, industrializes, and produces electronics for the energy/telecoms, defense/aerospace, offshore/marine, medical device, and industry sectors.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr19.02|
|52 Week High||kr15.76|
|52 Week Low||kr23.50|
|1 Month Change||1.06%|
|3 Month Change||-5.14%|
|1 Year Change||4.97%|
|3 Year Change||91.73%|
|5 Year Change||217.53%|
|Change since IPO||-9.43%|
Recent News & Updates
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Is There An Opportunity With Kitron ASA's (OB:KIT) 21% Undervaluation?
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|KIT||NO Electronic||NO Market|
Return vs Industry: KIT underperformed the Norwegian Electronic industry which returned 30.4% over the past year.
Return vs Market: KIT underperformed the Norwegian Market which returned 21.7% over the past year.
Stable Share Price: KIT is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KIT's weekly volatility (4%) has been stable over the past year.
About the Company
Kitron ASA, an electronics manufacturing services company, together with its subsidiaries, develops, industrializes, and produces 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.
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: KIT (NOK19.02) is trading below our estimate of fair value (NOK22.08)
Significantly Below Fair Value: KIT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KIT is good value based on its PE Ratio (16.9x) compared to the European Electronic industry average (25.4x).
PE vs Market: KIT is poor value based on its PE Ratio (16.9x) compared to the Norwegian market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: KIT is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: KIT's PB Ratio (4x) is in line with the NO Electronic industry average.
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: KIT's forecast earnings growth (13.9% per year) is above the savings rate (1.2%).
Earnings vs Market: KIT's earnings (13.9% per year) are forecast to grow faster than the Norwegian market (10.2% per year).
High Growth Earnings: KIT's earnings are forecast to grow, but not significantly.
Revenue vs Market: KIT's revenue (9.4% per year) is forecast to grow faster than the Norwegian market (5.9% per year).
High Growth Revenue: KIT's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KIT's Return on Equity is forecast to be high in 3 years time (27.2%)
How has Kitron performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KIT has high quality earnings.
Growing Profit Margin: KIT's current net profit margins (5.1%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: KIT's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: KIT's earnings growth over the past year (22.8%) exceeds its 5-year average (21.7% per year).
Earnings vs Industry: KIT earnings growth over the past year (22.8%) underperformed the Electronic industry 31.3%.
Return on Equity
High ROE: KIT's Return on Equity (23.8%) is considered high.
How is Kitron's financial position?
Financial Position Analysis
Short Term Liabilities: KIT's short term assets (NOK2.1B) exceed its short term liabilities (NOK1.6B).
Long Term Liabilities: KIT's short term assets (NOK2.1B) exceed its long term liabilities (NOK242.8M).
Debt to Equity History and Analysis
Debt Level: KIT's debt to equity ratio (93.3%) is considered high.
Reducing Debt: KIT's debt to equity ratio has increased from 53.5% to 93.3% over the past 5 years.
Debt Coverage: KIT's debt is well covered by operating cash flow (40.1%).
Interest Coverage: KIT's interest payments on its debt are well covered by EBIT (9.1x coverage).
What is Kitron current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KIT's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.89%).
High Dividend: KIT's dividend (3.68%) is low compared to the top 25% of dividend payers in the Norwegian market (5.1%).
Stability and Growth of Payments
Stable Dividend: KIT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: KIT's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.5%), KIT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KIT's dividends in 3 years are forecast to be covered by earnings (83.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Nilsson (57 yo)
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 ($USD787.34K) is about average for companies of similar size in the Norwegian market ($USD625.65K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
Experienced Management: KIT's management team is seasoned and experienced (7.5 years average tenure).
Experienced Board: KIT's board of directors are considered experienced (4.4 years average tenure).
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 employee growth, exchange listings and data sources
- Name: Kitron ASA
- Ticker: KIT
- Exchange: OB
- Founded: NaN
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: kr3.367b
- Shares outstanding: 179.10m
- Website: https://www.kitron.com
Number of Employees
- Kitron ASA
- Olav Brunborgs vei 4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 21:31|
|End of Day Share Price||2021/09/16 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.