KIT Stock Analysis: Kitron ASA | OL
Electronic Components | OL, Norway | Market Cap: 18.677m NOK | 12M Return: 49.5% | NO0003079709 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 52.7M
EPS Trend: -82.3%
Qual. Beats: 0
Rev. Trend: 39.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kitron ASA is a Norway-based electronics manufacturing services (EMS) provider headquartered in Billingstad and founded in 1962. The company operates across 11 countries in Europe, Asia, and North America, serving original equipment manufacturers (OEMs) that outsource the production of electronics embedded in their own products. It is classified in the GICS Electronic Components sub-industry within the Information Technology sector.
Kitron offers a full range of EMS capabilities, including automated printed circuit board (PCB) assembly, higher-level system integration, prototyping, test development, sourcing and procurement, logistics, cable harness manufacturing, and after-sales repair and maintenance. It also provides development and industrialization support, such as product development, re-engineering, component engineering, and environmental durability testing, alongside fully box-built electronic products.
Its end markets span connectivity, electrification, industry, medical devices, and defense/aerospace, aligning the business with structural demand drivers in energy transition, connectivity infrastructure, and advanced medical and defense electronics.
- Defense backlog grows on European military spending surge
- Electrification segment expands on EV charging demand
- Operating margin compresses on component cost inflation
| Net Income: 67.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 3.49 > 1.0 |
| NWC/Revenue: 20.98% < 20% (prev 6.70%; Δ 14.28% < -1%) |
| CFO/TA 0.21 > 3% & CFO 190.2m > Net Income 67.7m |
| Net Debt (-64.8m) to EBITDA (109.5m): -0.59 < 3 |
| Current Ratio: 1.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (218.7m) vs 12m ago 9.35% < -2% |
| Gross Margin: 28.88% > 18% (prev -32.12%; Δ 61.00% > 0.5%) |
| Asset Turnover: 130.4% > 50% (prev 437.8%; Δ -307.4% > 0%) |
| Interest Coverage Ratio: 64.90 > 6 (EBIT TTM 90.9m / Interest Expense TTM 1.40m) |
| A: 0.22 (Total Current Assets 630.6m - Total Current Liabilities 426.7m) / Total Assets 916.5m |
| B: 0.17 (Retained Earnings 157.1m / Total Assets 916.5m) |
| C: 0.12 (EBIT TTM 90.9m / Avg Total Assets 745.5m) |
| D: 0.65 (Book Value of Equity 359.5m / Total Liabilities 557.0m) |
| Altman-Z'' = 3.51 = A |
| DSRI: 2.19 (Receivables 192.4m/227.5m, Revenue 971.9m/2.51b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.50 (AQ_t 0.20 / AQ_t-1 0.13) |
| SGI: 0.39 (Revenue 971.9m / 2.51b) |
| TATA: -0.13 (NI 67.7m - CFO 190.2m) / TA 916.5m) |
| Beneish M = -2.20 (Cap -4..+1) = BB |
As of August 25, 2026, the stock is trading at NOK 84.30 with a total of 555,823 shares traded. Over the past week, the price has changed by -9.65%, over one month by -3.77%, over three months by -24.87% and over the past year by +49.51%.
Current recommended Stop Loss: 80.90 (which is 4% or 1.3 ATR below the current price).
Kitron ASA has no consensus analysts rating.
Market Cap EUR = 1.72b (18.7b NOK * 0.092 NOK.EUR)
P/E Trailing = 24.5402
P/E Forward = 20.4918
P/S = 19.2568
P/B = 4.7675
P/EG = 2.1143
Revenue TTM = 971.9m EUR
EBIT TTM = 90.9m EUR
EBITDA TTM = 109.5m EUR
Long Term Debt = 80.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 15.3m EUR (from shortLongTermDebt, last quarter)
Debt = 38.9m EUR (Leases only: 38.9m)
Net Debt = -64.8m EUR (calculated: Debt 38.9m - CCE 103.7m)
Enterprise Value = 1.65b EUR (1.72b + Debt 38.9m - CCE 103.7m)
Interest Coverage Ratio = 64.90 (Ebit TTM 90.9m / Interest Expense TTM 1.40m)
EV/FCF = 17.67x (Enterprise Value 1.65b / FCF TTM 93.6m)
FCF Yield = 5.66% (FCF TTM 93.6m / Enterprise Value 1.65b)
FCF Margin = 9.63% (FCF TTM 93.6m / Revenue TTM 971.9m)
Net Margin = 6.97% (Net Income TTM 67.7m / Revenue TTM 971.9m)
Gross Margin = 28.88% ((Revenue TTM 971.9m - Cost of Revenue TTM 691.2m) / Revenue TTM)
Gross Margin QoQ = 32.70% (prev 33.19%)
Tobins Q-Ratio = 1.80 (Enterprise Value 1.65b / Total Assets 916.5m)
Interest Expense / Debt = 3.60% (Interest Expense 1.40m / Debt 38.9m)
Taxrate = 19.40% (16.3m / 84.0m)
NOPAT = 73.2m (EBIT 90.9m * (1 - 19.40%))
Current Ratio = 1.48 (Total Current Assets 630.6m / Total Current Liabilities 426.7m)
Debt / Equity = 0.11 (Debt 38.9m / totalStockholderEquity, last quarter 359.5m)
Debt / EBITDA = -0.59 (Net Debt -64.8m / EBITDA 109.5m)
Debt / FCF = -0.69 (Net Debt -64.8m / FCF TTM 93.6m)
Total Stockholder Equity = 309.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.08% (Net Income 67.7m / Total Assets 916.5m)
RoE = 21.87% (Net Income TTM 67.7m / Total Stockholder Equity 309.6m)
RoCE = 23.32% (EBIT 90.9m / Capital Employed (Equity 309.6m + L.T.Debt 80.0m))
RoIC = 16.60% (NOPAT 73.2m / Invested Capital 441.2m)
WACC = 6.11% (E(1.72b)/V(1.76b) * Re(6.18%) + D(38.9m)/V(1.76b) * Rd(3.60%) * (1-Tc(0.19)))
Discount Rate = 6.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.77 | Cagr: 0.27%
[DCF] Terminal Value 77.97% ; FCFF base≈71.6m ; Y1≈82.1m ; Y5≈120.8m
[DCF] Fair Price = 8.61 (EV 1.82b - Net Debt -64.8m = Equity 1.88b / Shares 218.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -82.30 | EPS CAGR: -38.91% | SUE: 0.04 | # QB: 0
Revenue Correlation: 39.26 | Revenue CAGR: 32.73% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.08 | Chg30d=-5.88% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.38 | Chg30d=+0.72% | Revisions=+29% | GrowthEPS=+71.0% | GrowthRev=+51.5%
EPS next Year (2027-12-31): EPS=0.46 | Chg30d=+0.07% | Revisions=+29% | GrowthEPS=+21.9% | GrowthRev=+17.3%
[Analyst] Revisions Ratio: +25% (up=6, down=3)