Kitron ASA

OB:KIT Stock Report

Market Cap: NOK 5.8b

Kitron Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 KIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KIT (NOK29.34) is trading below our estimate of fair value (NOK61.66)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KIT. This is calculated by dividing KIT's market cap by their current earnings.
What is KIT's PE Ratio?
PE Ratio14.1x
Earnings€35.50m
Market Cap€500.47m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
NORBT Norbit
33.9x26.2%NOK 6.1b
SMOP Smartoptics Group
51.4x38.7%NOK 1.8b
KE Kimball Electronics
36.6x61.9%US$469.4m
SCANFL Scanfil Oyj
12.1x9.6%€486.3m
KIT Kitron
14.1x15.4%NOK 5.8b

Price-To-Earnings vs Peers: KIT is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KIT 14.1xIndustry Avg. 17.6xNo. of Companies18PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KIT is good value based on its Price-To-Earnings Ratio (14.1x) compared to the European Electronic industry average (17.5x).

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.

KIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: KIT is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

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 KIT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 29.34
NOK 34.00
+15.9%
8.7%NOK 37.00NOK 30.00n/a3
Nov ’25NOK 30.40
NOK 34.00
+11.8%
8.7%NOK 37.00NOK 30.00n/a3
Oct ’25NOK 28.58
NOK 34.67
+21.3%
16.5%NOK 42.00NOK 28.00n/a3
Sep ’25NOK 34.82
NOK 34.67
-0.4%
16.5%NOK 42.00NOK 28.00n/a3
Aug ’25NOK 36.60
NOK 34.67
-5.3%
16.5%NOK 42.00NOK 28.00n/a3
Jul ’25NOK 31.50
NOK 33.00
+4.8%
11.3%NOK 37.00NOK 28.00n/a3
Jun ’25NOK 33.60
NOK 33.67
+0.2%
12.0%NOK 37.00NOK 28.00n/a3
May ’25NOK 28.76
NOK 34.67
+20.5%
14.4%NOK 40.00NOK 28.00n/a3
Apr ’25NOK 34.00
NOK 40.00
+17.6%
5.4%NOK 42.00NOK 37.00n/a3
Mar ’25NOK 36.40
NOK 40.00
+9.9%
5.4%NOK 42.00NOK 37.00n/a3
Feb ’25NOK 32.50
NOK 37.50
+15.4%
1.3%NOK 38.00NOK 37.00n/a2
Jan ’25NOK 33.50
NOK 37.50
+11.9%
1.3%NOK 38.00NOK 37.00n/a2
Dec ’24NOK 32.15
NOK 37.50
+16.6%
1.3%NOK 38.00NOK 37.00n/a2
Nov ’24NOK 28.65
NOK 37.50
+30.9%
1.3%NOK 38.00NOK 37.00NOK 30.402
Oct ’24NOK 35.45
NOK 46.00
+29.8%
8.7%NOK 50.00NOK 42.00NOK 28.582
Sep ’24NOK 38.00
NOK 46.00
+21.1%
8.7%NOK 50.00NOK 42.00NOK 34.822
Aug ’24NOK 37.60
NOK 46.00
+22.3%
8.7%NOK 50.00NOK 42.00NOK 36.602
Jul ’24NOK 43.55
NOK 49.00
+12.5%
2.0%NOK 50.00NOK 48.00NOK 31.502
Jun ’24NOK 46.30
NOK 49.00
+5.8%
2.0%NOK 50.00NOK 48.00NOK 33.602
May ’24NOK 40.25
NOK 36.00
-10.6%
11.1%NOK 40.00NOK 32.00NOK 28.762
Apr ’24NOK 36.80
NOK 33.50
-9.0%
4.5%NOK 35.00NOK 32.00NOK 34.002
Mar ’24NOK 34.90
NOK 33.50
-4.0%
4.5%NOK 35.00NOK 32.00NOK 36.402
Dec ’23NOK 23.70
NOK 26.00
+9.7%
3.8%NOK 27.00NOK 25.00NOK 32.152
Nov ’23NOK 23.90
NOK 26.00
+8.8%
3.8%NOK 27.00NOK 25.00NOK 28.652

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

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