KIT Stock Overview
Kitron ASA operates as an electronics manufacturing services company in Norway, Sweden, rest of Europe, the United States, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr18.60|
|52 Week High||kr25.10|
|52 Week Low||kr16.94|
|1 Month Change||-1.90%|
|3 Month Change||3.33%|
|1 Year Change||3.91%|
|3 Year Change||105.53%|
|5 Year Change||130.20%|
|Change since IPO||-11.43%|
Recent News & Updates
Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
|KIT||NO Electronic||NO Market|
Return vs Industry: KIT exceeded the Norwegian Electronic industry which returned -34.9% over the past year.
Return vs Market: KIT exceeded the Norwegian Market which returned -3% over the past year.
|KIT Average Weekly Movement||5.2%|
|Electronic Industry Average Movement||7.6%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||11.3%|
|10% least volatile stocks in NO Market||3.9%|
Stable Share Price: KIT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KIT's weekly volatility (5%) has been stable over the past year.
About the Company
Kitron ASA operates as an electronics manufacturing services company in Norway, Sweden, rest of Europe, the United States, and internationally. 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.
Kitron Fundamentals Summary
|KIT fundamental statistics|
Is KIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KIT income statement (TTM)|
|Cost of Revenue||kr3.25b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 26, 2022
|Earnings per share (EPS)||0.86|
|Net Profit Margin||3.55%|
How did KIT perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is KIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KIT?
Other financial metrics that can be useful for relative valuation.
|What is KIT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does KIT's PE Ratio compare to its peers?
|KIT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SMOP Smartoptics Group
Price-To-Earnings vs Peers: KIT is good value based on its Price-To-Earnings Ratio (21.6x) compared to the peer average (25.9x).
Price to Earnings Ratio vs Industry
How does KIT's PE Ratio compare vs other companies in the European Electronic Industry?
Price-To-Earnings vs Industry: KIT is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the European Electronic industry average (19.5x)
Price to Earnings Ratio vs Fair Ratio
What is KIT'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.
|Current PE Ratio||21.6x|
|Fair PE Ratio||25.2x|
Price-To-Earnings vs Fair Ratio: KIT is good value based on its Price-To-Earnings Ratio (21.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).
Share Price vs Fair Value
What is the Fair Price of KIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KIT (NOK18.6) is trading below our estimate of fair value (NOK29.29)
Significantly Below Fair Value: KIT is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Kitron forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KIT's forecast earnings growth (17.2% per year) is above the savings rate (1.1%).
Earnings vs Market: KIT's earnings (17.2% per year) are forecast to grow faster than the Norwegian market (-2.8% per year).
High Growth Earnings: KIT's earnings are forecast to grow, but not significantly.
Revenue vs Market: KIT's revenue (10.1% per year) is forecast to grow faster than the Norwegian market (0.4% per year).
High Growth Revenue: KIT's revenue (10.1% 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 (23%)
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How has Kitron performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KIT has high quality earnings.
Growing Profit Margin: KIT's current net profit margins (3.6%) are lower than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: KIT's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: KIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KIT had negative earnings growth (-15.4%) over the past year, making it difficult to compare to the Electronic industry average (12.4%).
Return on Equity
High ROE: KIT's Return on Equity (12.6%) is considered low.
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How is Kitron's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: KIT's short term assets (NOK4.0B) exceed its short term liabilities (NOK2.9B).
Long Term Liabilities: KIT's short term assets (NOK4.0B) exceed its long term liabilities (NOK1.3B).
Debt to Equity History and Analysis
Debt Level: KIT's net debt to equity ratio (131.1%) is considered high.
Reducing Debt: KIT's debt to equity ratio has increased from 51.1% to 147% over the past 5 years.
Debt Coverage: KIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KIT's interest payments on its debt are well covered by EBIT (7.1x coverage).
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What is Kitron current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Kitron Dividend Yield vs Market|
|Market Bottom 25% (NO)||3.7%|
|Market Top 25% (NO)||7.8%|
|Industry Average (Electronic)||1.8%|
|Analyst forecast in 3 Years (Kitron)||5.2%|
Notable Dividend: KIT's dividend (1.34%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (3.67%).
High Dividend: KIT's dividend (1.34%) is low compared to the top 25% of dividend payers in the Norwegian market (7.76%).
Stability and Growth of Payments
Stable Dividend: KIT is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: KIT is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: KIT is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: KIT is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Nilsson (58 yo)
Mr. Lars Peter Nilsson has been the Chief Executive Officer of Kitron ASA since November 10, 2014 and serves as President. He served as the President of Electronics Technology Division at PartnerTech AB un...
CEO Compensation Analysis
|Lars Nilsson's Compensation vs Kitron Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||kr5m||kr3m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||kr7m||kr3m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||kr19m||kr3m|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||kr5m||kr3m|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||kr5m||kr3m|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||kr14m||kr3m|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||kr5m||kr3m|
Compensation vs Market: Lars's total compensation ($USD454.68K) is about average for companies of similar size in the Norwegian market ($USD490.91K).
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 (5.5 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
|07 Jun 22||Buykr53,736||Maalfrid Brath||Individual||2,922||kr18.39|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Kitron ASA's employee growth, exchange listings and data sources
- Name: Kitron ASA
- Ticker: KIT
- Exchange: OB
- Founded: 1996
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Implied Market Cap: kr3.677b
- Shares outstanding: 197.69m
- 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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 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.