KITRON ASA (KIT.OL) Stock Fundamental Analysis
OSL:KIT - Euronext Oslo - NO0003079709 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to KIT. KIT was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. KIT has an excellent profitability rating, but there are some minor concerns on its financial health. KIT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KIT was profitable.
KIT had a positive operating cash flow in the past year.
In the past 5 years KIT has always been profitable.
In the past 5 years KIT always reported a positive cash flow from operatings.
1.2 Ratios
KIT has a better Return On Assets (5.05%) than 80.39% of its industry peers.
With an excellent Return On Equity value of 13.96%, KIT belongs to the best of the industry, outperforming 84.31% of the companies in the same industry.
KIT has a Return On Invested Capital of 11.47%. This is amongst the best in the industry. KIT outperforms 86.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KIT is in line with the industry average of 11.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 13.96% | ||
| ROIC | 11.47% |
ROA(3y)6.3%
ROA(5y)6.31%
ROE(3y)20.56%
ROE(5y)19.64%
ROIC(3y)11.99%
ROIC(5y)12.16%
1.3 Margins
KIT has a better Profit Margin (4.55%) than 80.39% of its industry peers.
In the last couple of years the Profit Margin of KIT has grown nicely.
KIT's Operating Margin of 7.82% is fine compared to the rest of the industry. KIT outperforms 76.47% of its industry peers.
In the last couple of years the Operating Margin of KIT has grown nicely.
Looking at the Gross Margin, with a value of 32.73%, KIT is doing worse than 62.75% of the companies in the same industry.
KIT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.82% | ||
| PM (TTM) | 4.55% | ||
| GM | 32.73% |
OM growth 3Y3.97%
OM growth 5Y3.48%
PM growth 3Y1.66%
PM growth 5Y1.5%
GM growth 3Y-0.86%
GM growth 5Y0.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KIT is still creating some value.
Compared to 1 year ago, KIT has more shares outstanding
KIT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for KIT is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.43 indicates that KIT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.43, KIT is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
KIT has a debt to FCF ratio of 3.32. This is a good value and a sign of high solvency as KIT would need 3.32 years to pay back of all of its debts.
KIT has a better Debt to FCF ratio (3.32) than 72.55% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that KIT is somewhat dependend on debt financing.
KIT has a Debt to Equity ratio of 0.51. This is comparable to the rest of the industry: KIT outperforms 41.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 3.43 |
ROIC/WACC1.42
WACC8.07%
2.3 Liquidity
KIT has a Current Ratio of 1.69. This is a normal value and indicates that KIT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.69, KIT is in line with its industry, outperforming 45.10% of the companies in the same industry.
A Quick Ratio of 1.08 indicates that KIT should not have too much problems paying its short term obligations.
KIT has a Quick ratio (1.08) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
The earnings per share for KIT have decreased strongly by -36.36% in the last year.
The earnings per share for KIT have been decreasing by -29.38% on average. This is quite bad
The Revenue for KIT has decreased by -15.90% in the past year. This is quite bad
KIT shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -27.80% yearly.
EPS 1Y (TTM)-36.36%
EPS 3Y-46.1%
EPS 5Y-29.38%
EPS Q2Q%33.33%
Revenue 1Y (TTM)-15.9%
Revenue growth 3Y26.76%
Revenue growth 5Y-27.8%
Sales Q2Q%-5.35%
3.2 Future
The Earnings Per Share is expected to grow by 29.43% on average over the next years. This is a very strong growth
KIT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.15% yearly.
EPS Next Y61.86%
EPS Next 2Y44.83%
EPS Next 3Y32.59%
EPS Next 5Y29.43%
Revenue Next Year6.14%
Revenue Next 2Y12.1%
Revenue Next 3Y12.8%
Revenue Next 5Y11.15%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
KIT is valuated quite expensively with a Price/Earnings ratio of 36.24.
Based on the Price/Earnings ratio, KIT is valued a bit cheaper than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.20, KIT is valued a bit more expensive.
The Price/Forward Earnings ratio is 18.62, which indicates a rather expensive current valuation of KIT.
Based on the Price/Forward Earnings ratio, KIT is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
KIT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.24 | ||
| Fwd PE | 18.62 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as KIT.
The rest of the industry has a similar Price/Free Cash Flow ratio as KIT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.35 | ||
| EV/EBITDA | 16.32 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KIT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KIT's earnings are expected to grow with 32.59% in the coming years.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y44.83%
EPS Next 3Y32.59%
5. Dividend
5.1 Amount
With a yearly dividend of 0.62%, KIT is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.98, KIT has a dividend in line with its industry peers.
With a Dividend Yield of 0.62, KIT pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
5.2 History
The dividend of KIT decreases each year by -30.46%.
Dividend Growth(5Y)-30.46%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y44.83%
EPS Next 3Y32.59%
OSL:KIT (5/28/2025, 7:00:00 PM)
58.35
+0.35 (+0.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners57.36%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap11.61B
Analysts80
Price Target57.12 (-2.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
Yearly Dividend0.74
Dividend Growth(5Y)-30.46%
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-37%
Min EPS beat(2)-46%
Max EPS beat(2)-27.99%
EPS beat(4)0
Avg EPS beat(4)-22.53%
Min EPS beat(4)-46%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-13.98%
EPS beat(12)4
Avg EPS beat(12)1.7%
EPS beat(16)5
Avg EPS beat(16)-4.6%
Revenue beat(2)1
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-3.31%
Max Revenue beat(2)0.26%
Revenue beat(4)2
Avg Revenue beat(4)-2.19%
Min Revenue beat(4)-5.8%
Max Revenue beat(4)0.26%
Revenue beat(8)3
Avg Revenue beat(8)-1.69%
Revenue beat(12)7
Avg Revenue beat(12)3.31%
Revenue beat(16)8
Avg Revenue beat(16)-14.12%
PT rev (1m)19.15%
PT rev (3m)34.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)5.22%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.24 | ||
| Fwd PE | 18.62 | ||
| P/S | 1.58 | ||
| P/FCF | 21.35 | ||
| P/OCF | 21.35 | ||
| P/B | 4.86 | ||
| P/tB | 7.38 | ||
| EV/EBITDA | 16.32 |
EPS(TTM)1.61
EY2.76%
EPS(NY)3.13
Fwd EY5.37%
FCF(TTM)2.73
FCFY4.68%
OCF(TTM)2.73
OCFY4.68%
SpS36.86
BVpS12.01
TBVpS7.9
PEG (NY)0.59
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 13.96% | ||
| ROCE | 15.4% | ||
| ROIC | 11.47% | ||
| ROICexc | 13.51% | ||
| ROICexgc | 18.21% | ||
| OM | 7.82% | ||
| PM (TTM) | 4.55% | ||
| GM | 32.73% | ||
| FCFM | 7.41% |
ROA(3y)6.3%
ROA(5y)6.31%
ROE(3y)20.56%
ROE(5y)19.64%
ROIC(3y)11.99%
ROIC(5y)12.16%
ROICexc(3y)13.49%
ROICexc(5y)13.96%
ROICexgc(3y)17.82%
ROICexgc(5y)16.94%
ROCE(3y)18.2%
ROCE(5y)19.77%
ROICexcg growth 3Y6.87%
ROICexcg growth 5Y2.02%
ROICexc growth 3Y-0.33%
ROICexc growth 5Y-2.12%
OM growth 3Y3.97%
OM growth 5Y3.48%
PM growth 3Y1.66%
PM growth 5Y1.5%
GM growth 3Y-0.86%
GM growth 5Y0.25%
F-Score6
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.32 | ||
| Debt/EBITDA | 1.56 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.05% | ||
| Profit Quality | 163.1% | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 3.43 |
F-Score6
WACC8.07%
ROIC/WACC1.42
Cap/Depr(3y)67.01%
Cap/Depr(5y)60.89%
Cap/Sales(3y)1.67%
Cap/Sales(5y)1.55%
Profit Quality(3y)79.11%
Profit Quality(5y)74.69%
High Growth Momentum
Growth
EPS 1Y (TTM)-36.36%
EPS 3Y-46.1%
EPS 5Y-29.38%
EPS Q2Q%33.33%
EPS Next Y61.86%
EPS Next 2Y44.83%
EPS Next 3Y32.59%
EPS Next 5Y29.43%
Revenue 1Y (TTM)-15.9%
Revenue growth 3Y26.76%
Revenue growth 5Y-27.8%
Sales Q2Q%-5.35%
Revenue Next Year6.14%
Revenue Next 2Y12.1%
Revenue Next 3Y12.8%
Revenue Next 5Y11.15%
EBIT growth 1Y-22.03%
EBIT growth 3Y31.79%
EBIT growth 5Y-25.29%
EBIT Next Year58.78%
EBIT Next 3Y29.17%
EBIT Next 5Y22.99%
FCF growth 1Y27.17%
FCF growth 3Y71.01%
FCF growth 5Y-16.11%
OCF growth 1Y27.17%
OCF growth 3Y59.28%
OCF growth 5Y-25.87%