company background image
KIT logo

Kitron OB:KIT Stock Report

Last Price

NOK 34.28

Market Cap

NOK 6.8b

7D

3.3%

1Y

2.3%

Updated

27 Dec, 2024

Data

Company Financials +

Kitron ASA

OB:KIT Stock Report

Market Cap: NOK 6.8b

KIT Stock Overview

Operates as an electronics manufacturing services company in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States. More details

KIT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends3/6

Rewards

Trading at 19.4% below our estimate of its fair value

Earnings are forecast to grow 15.24% per year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months

Has a high level of debt


My Notes

Capture your thoughts, links and company narrative

Kitron ASA Competitors

Norbit

OB:NORBT

NOK 6.0b

Smartoptics Group

OB:SMOP

NOK 1.8b

Scanfil Oyj

HLSE:SCANFL

€530.0m

Kimball Electronics

NasdaqGS:KE

US$469.9m

Price History & Performance

Summary of share price highs, lows and changes for Kitron
Historical stock prices
Current Share PriceNOK 34.28
52 Week HighNOK 40.54
52 Week LowNOK 27.32
Beta0.81
1 Month Change9.94%
3 Month Change19.03%
1 Year Change2.33%
3 Year Change45.25%
5 Year Change224.01%
Change since IPO63.24%

Recent News & Updates

Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 27
Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

Sep 24
Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

Recent updates

Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 27
Kitron ASA Just Recorded A 30% EPS Beat: Here's What Analysts Are Forecasting Next

Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

Sep 24
Here's What To Make Of Kitron's (OB:KIT) Decelerating Rates Of Return

There's Reason For Concern Over Kitron ASA's (OB:KIT) Massive 27% Price Jump

Jul 14
There's Reason For Concern Over Kitron ASA's (OB:KIT) Massive 27% Price Jump

Should You Be Adding Kitron (OB:KIT) To Your Watchlist Today?

Jul 12
Should You Be Adding Kitron (OB:KIT) To Your Watchlist Today?

Earnings Miss: Kitron ASA Missed EPS By 40% And Analysts Are Revising Their Forecasts

May 01
Earnings Miss: Kitron ASA Missed EPS By 40% And Analysts Are Revising Their Forecasts

Kitron (OB:KIT) Has Announced That It Will Be Increasing Its Dividend To €0.75

Apr 20
Kitron (OB:KIT) Has Announced That It Will Be Increasing Its Dividend To €0.75

Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Apr 19
Shareholders May Be More Conservative With Kitron ASA's (OB:KIT) CEO Compensation For Now

Kitron's (OB:KIT) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 05
Kitron's (OB:KIT) Shareholders Will Receive A Bigger Dividend Than Last Year

Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Mar 14
Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Feb 21
Kitron (OB:KIT) Is Paying Out A Larger Dividend Than Last Year

Analyst Estimates: Here's What Brokers Think Of Kitron ASA (OB:KIT) After Its Annual Report

Feb 18
Analyst Estimates: Here's What Brokers Think Of Kitron ASA (OB:KIT) After Its Annual Report

Analysts Have Just Cut Their Kitron ASA (OB:KIT) Revenue Estimates By 12%

Dec 20
Analysts Have Just Cut Their Kitron ASA (OB:KIT) Revenue Estimates By 12%

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Dec 14
What Is Kitron ASA's (OB:KIT) Share Price Doing?

These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

Oct 26
These 4 Measures Indicate That Kitron (OB:KIT) Is Using Debt Reasonably Well

Are Investors Undervaluing Kitron ASA (OB:KIT) By 23%?

Aug 23
Are Investors Undervaluing Kitron ASA (OB:KIT) By 23%?

Kitron (OB:KIT) Is Reinvesting To Multiply In Value

Jul 16
Kitron (OB:KIT) Is Reinvesting To Multiply In Value

Is Now The Time To Put Kitron (OB:KIT) On Your Watchlist?

Jul 04
Is Now The Time To Put Kitron (OB:KIT) On Your Watchlist?

Forecast: Analysts Think Kitron ASA's (OB:KIT) Business Prospects Have Improved Drastically

May 03
Forecast: Analysts Think Kitron ASA's (OB:KIT) Business Prospects Have Improved Drastically

What Is Kitron ASA's (OB:KIT) Share Price Doing?

Feb 16
What Is Kitron ASA's (OB:KIT) Share Price Doing?

Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal

Apr 29
Capital Allocation Trends At Kitron (OB:KIT) Aren't Ideal

Kitron (OB:KIT) Has Announced That Its Dividend Will Be Reduced To kr0.25

Apr 01
Kitron (OB:KIT) Has Announced That Its Dividend Will Be Reduced To kr0.25

Shareholder Returns

KITNO ElectronicNO Market
7D3.3%2.2%0.4%
1Y2.3%-5.6%-0.6%

Return vs Industry: KIT exceeded the Norwegian Electronic industry which returned -5.6% over the past year.

Return vs Market: KIT exceeded the Norwegian Market which returned -0.6% over the past year.

Price Volatility

Is KIT's price volatile compared to industry and market?
KIT volatility
KIT Average Weekly Movement3.6%
Electronic Industry Average Movement4.7%
Market Average Movement5.0%
10% most volatile stocks in NO Market11.1%
10% least volatile stocks in NO Market2.7%

Stable Share Price: KIT has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: KIT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19962,474Lars Nilssonkitron.com

Kitron ASA operates as an electronics manufacturing services company in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States. It manufactures and sells electronics that are embedded in the customer’s own products; and box-built electronic products. The company’s services include development services, such as product development, product management, and re-engineering services; 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 ASA Fundamentals Summary

How do Kitron's earnings and revenue compare to its market cap?
KIT fundamental statistics
Market capNOK 6.82b
Earnings (TTM)NOK 421.51m
Revenue (TTM)NOK 8.14b

16.2x

P/E Ratio

0.8x

P/S Ratio

Is KIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KIT income statement (TTM)
Revenue€685.70m
Cost of Revenue€457.10m
Gross Profit€228.60m
Other Expenses€193.10m
Earnings€35.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)0.18
Gross Margin33.34%
Net Profit Margin5.18%
Debt/Equity Ratio86.6%

How did KIT perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

37%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 04:44
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Kitron ASA is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Magnus GranerødBeringer Finance AB
Christoffer BjørnsenDNB Markets
Emilie EngenDNB Markets