KIT

KitronOB:KIT Stock Report

Market Cap

kr3.4b

7D

0.1%

1Y

5.0%

Updated

16 Sep, 2021

Data

Company Financials +
KIT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health4/6
Dividends3/6

KIT Overview

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.

Kitron Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kitron
Historical stock prices
Current Share Pricekr19.02
52 Week Highkr15.76
52 Week Lowkr23.50
Beta0.86
1 Month Change1.06%
3 Month Change-5.14%
1 Year Change4.97%
3 Year Change91.73%
5 Year Change217.53%
Change since IPO-9.43%

Recent News & Updates

Jun 10
Here's Why I Think Kitron (OB:KIT) Might Deserve Your Attention Today

Here's Why I Think Kitron (OB:KIT) Might Deserve Your Attention Today

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

May 30
Kitron (OB:KIT) Knows How To Allocate Capital Effectively

Kitron (OB:KIT) Knows How To Allocate Capital Effectively

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

May 17
Is There An Opportunity With Kitron ASA's (OB:KIT) 21% Undervaluation?

Is There An Opportunity With Kitron ASA's (OB:KIT) 21% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Kitron ASA ( OB:KIT ) by projecting its future...

Shareholder Returns

KITNO ElectronicNO Market
7D0.1%-2.0%-0.01%
1Y5.0%30.4%21.3%

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.

Price Volatility

Is KIT's price volatile compared to industry and market?
KIT volatility
KIT Beta0.86
Industry Beta1.21
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a1,808Lars Nilssonhttps://www.kitron.com

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.

Valuation

Is Kitron undervalued compared to its fair value and its price relative to the market?

13.9%

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.


Future Growth

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

13.9%

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%)


Past Performance

How has Kitron performed over the past 5 years?

21.7%

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.


Financial Health

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).


Balance Sheet


Dividend

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

3.68%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 17 2021Ex Dividend DateOct 05 2021Dividend Pay DateOct 22 202117 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average management tenure


CEO

Lars Nilsson (57 yo)

6.83yrs

Tenure

kr6,805,000

Compensation

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.


Leadership Team

Experienced Management: KIT's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: KIT's board of directors are considered experienced (4.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kitron ASA's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Kitron ASA
  • Olav Brunborgs vei 4
  • Billingstad
  • Akershus
  • 1396
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:31
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.