KITRON ASA (KIT.OL) Stock Fundamental Analysis
OSL:KIT - Euronext Oslo - NO0003079709 - Common Stock - Currency: NOK
KIT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 48 industry peers in the Electronic Equipment, Instruments & Components industry. While KIT has a great profitability rating, there are some minor concerns on its financial health. KIT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
KIT had positive earnings in the past year.
In the past year KIT had a positive cash flow from operations.
In the past 5 years KIT has always been profitable.
Each year in the past 5 years KIT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 5.02%, KIT is doing good in the industry, outperforming 79.17% of the companies in the same industry.
The Return On Equity of KIT (14.03%) is better than 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.27%, KIT belongs to the top of the industry, outperforming 85.42% of the companies in the same industry.
KIT had an Average Return On Invested Capital over the past 3 years of 11.99%. This is above the industry average of 7.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 14.03% | ||
| ROIC | 11.27% |
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's Profit Margin of 4.31% is fine compared to the rest of the industry. KIT outperforms 79.17% of its industry peers.
In the last couple of years the Profit Margin of KIT has grown nicely.
Looking at the Operating Margin, with a value of 7.42%, KIT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of KIT has grown nicely.
KIT has a Gross Margin (33.13%) which is in line with its industry peers.
In the last couple of years the Gross Margin of KIT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.42% | ||
| PM (TTM) | 4.31% | ||
| GM | 33.13% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KIT is creating some value.
Compared to 1 year ago, KIT has more shares outstanding
The number of shares outstanding for KIT has been increased compared to 5 years ago.
KIT has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.52 indicates that KIT is not in any danger for bankruptcy at the moment.
KIT has a Altman-Z score of 3.52. This is in the better half of the industry: KIT outperforms 79.17% of its industry peers.
The Debt to FCF ratio of KIT is 4.72, which is a neutral value as it means it would take KIT, 4.72 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.72, KIT is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that KIT is somewhat dependend on debt financing.
KIT has a worse Debt to Equity ratio (0.54) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 4.72 | ||
| Altman-Z | 3.52 |
ROIC/WACC1.4
WACC8.08%
2.3 Liquidity
A Current Ratio of 1.68 indicates that KIT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.68, KIT is in line with its industry, outperforming 47.92% of the companies in the same industry.
KIT has a Quick Ratio of 1.09. This is a normal value and indicates that KIT is financially healthy and should not expect problems in meeting its short term obligations.
KIT has a Quick ratio of 1.09. This is comparable to the rest of the industry: KIT outperforms 47.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for KIT have decreased strongly by -49.99% in the last year.
KIT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.38% yearly.
KIT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.51%.
The Revenue for KIT have been decreasing by -27.80% on average. This is quite bad
EPS 1Y (TTM)-49.99%
EPS 3Y-46.1%
EPS 5Y-29.38%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-16.51%
Revenue growth 3Y26.76%
Revenue growth 5Y-27.8%
Sales Q2Q%-19.34%
3.2 Future
KIT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.43% yearly.
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 Year4.87%
Revenue Next 2Y9.02%
Revenue Next 3Y9.15%
Revenue Next 5Y11.15%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.87, which means the current valuation is very expensive for KIT.
KIT's Price/Earnings ratio is a bit cheaper when compared to the industry. KIT is cheaper than 60.42% of the companies in the same industry.
KIT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
KIT is valuated rather expensively with a Price/Forward Earnings ratio of 19.72.
62.50% of the companies in the same industry are more expensive than KIT, based on the Price/Forward Earnings ratio.
KIT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.87 | ||
| Fwd PE | 19.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KIT is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KIT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.99 | ||
| EV/EBITDA | 14.36 |
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)0.52
PEG (5Y)N/A
EPS Next 2Y44.83%
EPS Next 3Y32.59%
5. Dividend
5.1 Amount
KIT has a yearly dividend return of 0.69%, which is pretty low.
KIT's Dividend Yield is comparable with the industry average which is at 3.16.
Compared to an average S&P500 Dividend Yield of 2.51, KIT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
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
KIT pays out 45.88% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.88%
EPS Next 2Y44.83%
EPS Next 3Y32.59%
OSL:KIT (4/25/2025, 7:00:00 PM)
49.08
-1.42 (-2.81%)
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 Cap9.76B
Analysts80
Price Target52.02 (5.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Yearly Dividend0.76
Dividend Growth(5Y)-30.46%
DP45.88%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.57%
Min EPS beat(2)-46%
Max EPS beat(2)-15.13%
EPS beat(4)0
Avg EPS beat(4)-25.68%
Min EPS beat(4)-46%
Max EPS beat(4)-0.99%
EPS beat(8)2
Avg EPS beat(8)3.16%
EPS beat(12)4
Avg EPS beat(12)1.32%
EPS beat(16)5
Avg EPS beat(16)-3.94%
Revenue beat(2)2
Avg Revenue beat(2)0.18%
Min Revenue beat(2)0.11%
Max Revenue beat(2)0.26%
Revenue beat(4)2
Avg Revenue beat(4)-3.15%
Min Revenue beat(4)-7.18%
Max Revenue beat(4)0.26%
Revenue beat(8)4
Avg Revenue beat(8)1.11%
Revenue beat(12)8
Avg Revenue beat(12)4.13%
Revenue beat(16)8
Avg Revenue beat(16)-19.61%
PT rev (1m)13.25%
PT rev (3m)25.89%
EPS NQ rev (1m)10%
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.22%
EPS NY rev (3m)6.84%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.87 | ||
| Fwd PE | 19.72 | ||
| P/S | 1.28 | ||
| P/FCF | 23.99 | ||
| P/OCF | 18.89 | ||
| P/B | 4.15 | ||
| P/tB | 6.44 | ||
| EV/EBITDA | 14.36 |
EPS(TTM)1.54
EY3.14%
EPS(NY)2.49
Fwd EY5.07%
FCF(TTM)2.05
FCFY4.17%
OCF(TTM)2.6
OCFY5.29%
SpS38.48
BVpS11.83
TBVpS7.62
PEG (NY)0.52
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 14.03% | ||
| ROCE | 15.13% | ||
| ROIC | 11.27% | ||
| ROICexc | 13.32% | ||
| ROICexgc | 18.08% | ||
| OM | 7.42% | ||
| PM (TTM) | 4.31% | ||
| GM | 33.13% | ||
| FCFM | 5.32% |
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 Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 4.72 | ||
| Debt/EBITDA | 1.62 | ||
| Cap/Depr | 49.73% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 4.17 | ||
| Cash Conversion | 65.52% | ||
| Profit Quality | 123.3% | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 3.52 |
F-Score6
WACC8.08%
ROIC/WACC1.4
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)-49.99%
EPS 3Y-46.1%
EPS 5Y-29.38%
EPS Q2Q%-66.67%
EPS Next Y61.86%
EPS Next 2Y44.83%
EPS Next 3Y32.59%
EPS Next 5Y29.43%
Revenue 1Y (TTM)-16.51%
Revenue growth 3Y26.76%
Revenue growth 5Y-27.8%
Sales Q2Q%-19.34%
Revenue Next Year4.87%
Revenue Next 2Y9.02%
Revenue Next 3Y9.15%
Revenue Next 5Y11.15%
EBIT growth 1Y-32.11%
EBIT growth 3Y31.79%
EBIT growth 5Y-25.29%
EBIT Next Year60.15%
EBIT Next 3Y28.45%
EBIT Next 5Y22.99%
FCF growth 1Y-19.25%
FCF growth 3Y71.01%
FCF growth 5Y-16.11%
OCF growth 1Y-25.93%
OCF growth 3Y59.28%
OCF growth 5Y-25.87%