KIT Stock Analysis: Kitron ASA | OL
Electronic Components | OL, Norway | Market Cap: 22.264m NOK | 12M Return: 76% | NO0003079709 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 62.5M
EPS Trend: -82.3%
Qual. Beats: 0
Rev. Trend: 39.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 Norwegian-headquartered Electronics Manufacturing Services (EMS) provider with operations across Northern Europe, Central Europe, the United States, and Asia, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and Malaysia. The company was founded in 1962 and is based in Billingstad, Norway.
Kitron manufactures customer-specific embedded electronics and box-built electronic products, supported by a broad service portfolio spanning automated printed circuit board (PCB) assembly, higher-level system integration, product development and re-engineering, industrialization (prototyping, testing, and line build), sourcing and procurement, logistics, repair and maintenance, cable harness manufacturing, and resilience/environmental testing.
The company serves five core end markets: connectivity, electrification, industry, medical devices, and defense/aerospace. Kitron is listed on the Oslo Børs (OL) under the ticker KIT and is classified within the GICS Information Technology sector (Electronic Components sub-industry).
Sector context: The EMS industry is highly competitive, with players ranging from global giants (e.g., Foxconn, Flex) to regional specialists like Kitron, which typically compete on engineering capability, supply-chain resilience, and proximity to customers in regulated end markets. Defense/aerospace and medical devices are generally considered higher-margin, longer-cycle segments, while connectivity and electrification tend to be larger-volume and more cyclical.
- Defense and aerospace backlog drives segment revenue growth
- Electrification segment scales on EV and energy demand
- Lithuania and Poland utilization offsets Nordic margin pressure
| 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 (110.0m): -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: 65.27 > 6 (EBIT TTM 91.4m / 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 91.4m / Avg Total Assets 745.5m) |
| D: 0.65 (Book Value of Equity 359.5m / Total Liabilities 557.0m) |
| Altman-Z'' = 3.52 = 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 October 09, 2026, the stock is trading at NOK 103.80 with a total of 542,666 shares traded. Over the past week, the price has changed by +1.96%, over one month by +9.09%, over three months by +3.96% and over the past year by +76.03%.
Current recommended Stop Loss: 100.20 (which is 3.5% or 1.2 ATR below the current price).
Kitron ASA has no consensus analysts rating.
Market Cap EUR = 2.07b (22.3b NOK * 0.0932 NOK.EUR)
P/E Trailing = 29.3372
P/E Forward = 20.5339
P/S = 22.9549
P/B = 5.6119
P/EG = 2.1143
Revenue TTM = 971.9m EUR
EBIT TTM = 91.4m EUR
EBITDA TTM = 110.0m 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 = 2.01b EUR (2.07b + Debt 38.9m - CCE 103.7m)
Interest Coverage Ratio = 65.27 (Ebit TTM 91.4m / Interest Expense TTM 1.40m)
EV/FCF = 21.48x (Enterprise Value 2.01b / FCF TTM 93.6m)
FCF Yield = 4.66% (FCF TTM 93.6m / Enterprise Value 2.01b)
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 = 2.19 (Enterprise Value 2.01b / Total Assets 916.5m)
Interest Expense / Debt = 3.60% (Interest Expense 1.40m / Debt 38.9m)
Taxrate = 19.40% (16.3m / 84.0m)
NOPAT = 73.6m (EBIT 91.4m * (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 110.0m)
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 = 23.45% (EBIT 91.4m / Capital Employed (Equity 309.6m + L.T.Debt 80.0m))
RoIC = 16.69% (NOPAT 73.6m / Invested Capital 441.2m)
WACC = 6.32% (E(2.07b)/V(2.11b) * Re(6.38%) + D(38.9m)/V(2.11b) * Rd(3.60%) * (1-Tc(0.19)))
Discount Rate = 6.38% (= 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=+0.00% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.38 | Chg30d=+0.43% | Revisions=-25% | GrowthEPS=+71.7% | GrowthRev=+52.1%
EPS next Year (2027-12-31): EPS=0.46 | Chg30d=+0.74% | Revisions=-25% | GrowthEPS=+22.2% | GrowthRev=+17.6%
[Analyst] Revisions Ratio: -50% (up=0, down=3)