KITRON ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.3 NOK | -4.65% |
|
-8.18% | -15.52% |
| 25/04 | Transcript : Kitron ASA - Shareholder/Analyst Call | |
| 25/04 | Transcript : Kitron ASA, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,970 | 3,245 | 4,650 | 5,545 | 6,640 | 5,610 | - | - |
| Enterprise Value (EV) 1 | 2,754 | 4,003 | 5,221 | 7,172 | 8,110 | 6,916 | 6,704 | 6,563 |
| P/E ratio | 14.9 x | 15.2 x | 30.6 x | 19.2 x | 11.3 x | 13.4 x | 9.78 x | 9.07 x |
| Yield | 4.55% | 3.86% | 1.06% | 1.78% | 2.24% | 3.33% | 4.09% | 5.3% |
| Capitalization / Revenue | 0.6 x | 0.82 x | 1.25 x | 0.85 x | 0.75 x | 0.68 x | 0.61 x | 0.58 x |
| EV / Revenue | 0.83 x | 1.01 x | 1.41 x | 1.11 x | 0.92 x | 0.83 x | 0.73 x | 0.68 x |
| EV / EBITDA | 9.57 x | 9.66 x | 15.3 x | 11.5 x | 8.03 x | 7.94 x | 6.28 x | 5.93 x |
| EV / FCF | - | 19.3 x | 65 x | 112 x | 16.7 x | 6.26 x | 12.5 x | 11.8 x |
| FCF Yield | - | 5.18% | 1.54% | 0.89% | 5.98% | 16% | 7.98% | 8.49% |
| Price to Book | 2.65 x | - | 3.79 x | 3.68 x | 3.15 x | 2.22 x | 1.88 x | - |
| Nbr of stocks (in thousands) | 1,79,104 | 1,79,104 | 1,97,014 | 1,97,691 | 1,98,198 | 1,98,217 | - | - |
| Reference price 2 | 11.00 | 18.12 | 23.60 | 28.05 | 33.50 | 28.30 | 28.30 | 28.30 |
| Announcement Date | 13/02/20 | 11/02/21 | 11/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,299 | 3,964 | 3,711 | 6,487 | 8,863 | 8,285 | 9,124 | 9,646 |
| EBITDA 1 | 287.8 | 414.4 | 341.9 | 621 | 1,010 | 871 | 1,067 | 1,106 |
| EBIT 1 | 201.5 | 312.6 | 240.8 | 459.6 | 808.3 | 695.6 | 815.2 | 865.1 |
| Operating Margin | 6.11% | 7.89% | 6.49% | 7.08% | 9.12% | 8.4% | 8.93% | 8.97% |
| Earnings before Tax (EBT) 1 | 169.6 | 274.1 | 204.2 | 392.2 | 739.7 | 553.2 | 829.4 | - |
| Net income 1 | 132.5 | 213.1 | 152.8 | 287.1 | 584.2 | 527.5 | 646.9 | - |
| Net margin | 4.02% | 5.38% | 4.12% | 4.43% | 6.59% | 6.37% | 7.09% | - |
| EPS 2 | 0.7400 | 1.190 | 0.7700 | 1.460 | 2.973 | 2.119 | 2.893 | 3.119 |
| Free Cash Flow 1 | - | 207.4 | 80.34 | 63.76 | 485.2 | 1,105 | 534.8 | 557.1 |
| FCF margin | - | 5.23% | 2.16% | 0.98% | 5.47% | 13.33% | 5.86% | 5.78% |
| FCF Conversion (EBITDA) | - | 50.05% | 23.5% | 10.27% | 48.06% | 126.83% | 50.12% | 50.35% |
| FCF Conversion (Net income) | - | 97.32% | 52.56% | 22.21% | 83.04% | 209.42% | 82.67% | - |
| Dividend per Share 2 | 0.5000 | 0.7000 | 0.2500 | 0.5000 | 0.7500 | 0.9423 | 1.157 | 1.501 |
| Announcement Date | 13/02/20 | 11/02/21 | 11/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 831 | 948.6 | 1,429 | 1,580 | 1,664 | 1,813 | 2,235 | 2,318 | 2,122 | 2,276 | 2,047 | 2,013 | - | - |
| EBITDA 1 | 75.7 | 78.44 | 116.2 | 142.7 | 158.8 | 203.2 | 250.9 | 264 | 245.2 | 260.7 | 178.9 | 200.1 | 223.6 | 270.7 |
| EBIT 1 | 50.1 | 52.26 | 78.1 | 100.2 | 116.3 | 165 | 202.8 | 215.7 | 191.9 | 205.8 | 124.8 | 153 | 164.8 | 211.9 |
| Operating Margin | 6.03% | 5.51% | 5.47% | 6.34% | 6.99% | 9.1% | 9.08% | 9.31% | 9.04% | 9.04% | 6.1% | 7.6% | - | - |
| Earnings before Tax (EBT) 1 | 40.91 | 47.8 | 54.4 | 82.46 | 103.9 | 151.5 | 191.7 | 215.7 | 145.4 | 193.2 | 101.2 | 141.2 | - | - |
| Net income 1 | 19.5 | 39.97 | 44.4 | 66.3 | 75.22 | 101.2 | 155.9 | 176.4 | 114.9 | 140.6 | 76.51 | 94.16 | 105.9 | 153 |
| Net margin | 2.35% | 4.21% | 3.11% | 4.2% | 4.52% | 5.58% | 6.98% | 7.61% | 5.41% | 6.18% | 3.74% | 4.68% | - | - |
| EPS 2 | 0.1100 | 0.2000 | 0.2300 | 0.3300 | 0.3800 | 0.5200 | 0.8208 | 0.8987 | 0.5922 | 0.6860 | 0.3531 | - | - | - |
| Dividend per Share | - | 0.2500 | - | - | - | 0.5000 | - | - | - | 0.7500 | - | - | - | - |
| Announcement Date | 20/10/21 | 11/02/22 | 27/04/22 | 12/07/22 | 26/10/22 | 15/02/23 | 28/04/23 | 13/07/23 | 25/10/23 | 14/02/24 | 25/04/24 | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 784 | 758 | 571 | 1,627 | 1,470 | 1,307 | 1,095 | 953 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.725 x | 1.829 x | 1.671 x | 2.619 x | 1.456 x | 1.5 x | 1.026 x | 0.8617 x |
| Free Cash Flow 1 | - | 207 | 80.3 | 63.8 | 485 | 1,105 | 535 | 557 |
| ROE (net income / shareholders' equity) | 18.5% | 27.1% | 14.5% | 21% | 31.3% | 20.6% | 20.4% | 20.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | 8.97% | - | - | - |
| Assets 1 | - | - | - | - | 6,516 | - | - | - |
| Book Value Per Share 2 | 4.160 | - | 6.230 | 7.620 | 10.60 | 12.70 | 15.10 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 99.7 | 29.6 | 46 | 96.6 | 183 | 153 | 179 | 202 |
| Capex / Sales | 3.02% | 0.75% | 1.24% | 1.49% | 2.06% | 1.84% | 1.96% | 2.1% |
| Announcement Date | 13/02/20 | 11/02/21 | 11/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
28.3
NOK
Average target price
36.33
NOK
Spread / Average Target
+28.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.52% | 508M | |
| +21.55% | 72.28B | |
| -4.21% | 34.41B | |
| -16.43% | 28.52B | |
| -7.17% | 14.26B | |
| -13.03% | 9.92B | |
| +5.83% | 9.52B | |
| +71.16% | 8.54B | |
| +26.49% | 8.36B | |
| +69.91% | 8.21B |
- Stock Market
- Equities
- KIT Stock
- Financials Kitron ASA
