Company Valuation: Kitron ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 466.1 526.7 592.4 570 1,332 1,951 - -
Change - 12.99% 12.48% -3.77% 133.76% 46.43% - -
Enterprise Value (EV) 1 523.1 671.7 721.8 683.5 1,301 1,993 1,977 1,896
Change - 28.41% 7.46% -5.3% 90.32% 53.2% -0.83% -4.09%
P/E 30.8x 19.9x 11.5x 20.5x 28x 24.5x 20x 16.7x
PBR 3.6x 3.92x 3.26x 2.86x 3.95x 4.9x 4.1x 3.44x
PEG - 0.3x 0.1x -0.4x 0.5x 0.4x 0.9x 0.8x
Capitalization / Revenue 1.26x 0.89x 0.76x 0.88x 1.8x 1.78x 1.49x 1.28x
EV / Revenue 1.41x 1.13x 0.93x 1.06x 1.76x 1.81x 1.51x 1.24x
EV / EBITDA 15.4x 11.8x 8.17x 10.2x 15.7x 15.1x 12.5x 10.3x
EV / EBIT 21.8x 16x 10.2x 14.2x 20.2x 18.7x 15.1x 12.3x
EV / FCF 61.7x 118x 16.9x 19.5x 16x 52.2x 29.4x 21.6x
FCF Yield 1.62% 0.85% 5.92% 5.14% 6.23% 1.92% 3.4% 4.64%
Dividend per Share 2 0.0249 0.0446 0.066 0.03 0.0624 0.1233 0.143 0.1828
Rate of return 1.05% 1.67% 2.21% 1.05% 1.01% 1.37% 1.59% 2.04%
EPS 2 0.0767 0.1336 0.26 0.14 0.22 0.3662 0.4482 0.5365
Distribution rate 32.5% 33.4% 25.4% 21.4% 28.4% 33.7% 31.9% 34.1%
Net sales 1 369.8 593.8 775.2 647.2 738.3 1,099 1,307 1,528
EBITDA 1 34.06 56.84 88.3 66.7 83.1 131.9 157.9 184.6
EBIT 1 23.99 42.07 70.7 48 64.5 106.6 130.5 154
Net income 1 15.23 26.28 51.1 28 43.8 80.13 97.88 117.7
Net Debt 1 56.93 145 129.4 113.5 -31.6 41.92 25.39 -55.45
Reference price 2 2.366 2.664 2.989 2.866 6.158 8.979 8.979 8.979
Nbr of stocks (in thousands) 1,97,014 1,97,691 1,98,198 1,98,890 2,16,389 2,18,702 - -
Announcement Date 11/02/22 15/02/23 14/02/24 13/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.47x6.17x19.23x0.64% 20TCr
50.37x8x26.17x0.75% 10TCr
13.56x0.29x6.62x3.78% 10TCr
31.66x12.58x26.47x0.37% 10TCr
90.43x8.84x43.17x0.18% 8.02TCr
22.06x1.29x14.23x0.46% 7.17TCr
77.47x9.17x38.93x0.01% 6.15TCr
49.22x10.77x32.75x0.8% 5.79TCr
18.3x3.15x11.91x1.51% 5.77TCr
Average 43.06x 6.69x 24.39x 0.95% 9.29TCr
Weighted average by Cap. 40.87x 6.64x 23.18x 0.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield