KIT Stock Analysis: Kitron ASA | OL
Electronic Components | OL, Norway | Market Cap: 22.679m NOK | 12M Return: 71.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 30.6M
EPS Trend: -83.7%
Qual. Beats: 0
Rev. Trend: 18.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 163.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 10.11 > 1.0 |
| NWC/Revenue: 7.26% < 20% (prev 306.8%; Δ -299.6% < -1%) |
| CFO/TA 0.19 > 3% & CFO 162.4m > Net Income 163.1m |
| Net Debt (-53.6m) to EBITDA (258.3m): -0.21 < 3 |
| Current Ratio: 1.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (218.7m) vs 12m ago 9.95% < -2% |
| Gross Margin: 32.33% > 18% (prev -226.9%; Δ 259.2% > 0.5%) |
| Asset Turnover: 73.40% > 50% (prev 9.76%; Δ 63.64% > 0%) |
| Interest Coverage Ratio: 171.2 > 6 (EBIT TTM 239.7m / Interest Expense TTM 1.40m) |
| A: 0.23 (Total Current Assets 601.8m - Total Current Liabilities 404.4m) / Total Assets 875.7m |
| B: 0.18 (Retained Earnings 157.1m / Total Assets 875.7m) |
| C: 0.06 (EBIT TTM 239.7m / Avg Total Assets 3.71b) |
| D: 0.67 (Book Value of Equity 350.6m / Total Liabilities 525.1m) |
| Altman-Z'' = 3.20 = A |
| DSRI: 0.10 (Receivables 190.6m/2.53b, Revenue 2.72b/637.9m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.57 (AQ_t 0.21 / AQ_t-1 0.14) |
| SGI: 4.26 (Revenue 2.72b / 637.9m) |
| TATA: 0.00 (NI 163.1m - CFO 162.4m) / TA 875.7m) |
| Beneish M = -1.09 (Cap -4..+1) = D |
As of July 10, 2026, the stock is trading at NOK 102.90 with a total of 369,288 shares traded. Over the past week, the price has changed by -1.91%, over one month by -9.26%, over three months by +0.46% and over the past year by +71.47%.
Current recommended Stop Loss: 96.50 (which is 6.2% or 1.9 ATR below the current price).
Kitron ASA has no consensus analysts rating.
Market Cap EUR = 2.04b (22.7b NOK * 0.09 NOK.EUR)
P/E Trailing = 33.6688
P/E Forward = 25.8398
P/S = 26.7952
P/B = 5.7894
P/EG = 2.1143
Revenue TTM = 2.72b EUR
EBIT TTM = 239.7m EUR
EBITDA TTM = 258.3m EUR
Long Term Debt = 80.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 17.4m EUR (from shortLongTermDebt, last quarter)
Debt = 27.2m EUR (Leases only: 27.2m)
Net Debt = -53.6m EUR (calculated: Debt 27.2m - CCE 80.8m)
Enterprise Value = 1.99b EUR (2.04b + Debt 27.2m - CCE 80.8m)
Interest Coverage Ratio = 171.2 (Ebit TTM 239.7m / Interest Expense TTM 1.40m)
EV/FCF = 21.23x (Enterprise Value 1.99b / FCF TTM 93.6m)
FCF Yield = 4.71% (FCF TTM 93.6m / Enterprise Value 1.99b)
FCF Margin = 3.44% (FCF TTM 93.6m / Revenue TTM 2.72b)
Net Margin = 6.00% (Net Income TTM 163.1m / Revenue TTM 2.72b)
Gross Margin = 32.33% ((Revenue TTM 2.72b - Cost of Revenue TTM 1.84b) / Revenue TTM)
Gross Margin QoQ = 33.19% (prev 34.23%)
Tobins Q-Ratio = 2.27 (Enterprise Value 1.99b / Total Assets 875.7m)
Interest Expense / Debt = 5.15% (Interest Expense 1.40m / Debt 27.2m)
Taxrate = 6.64% (13.9m / 209.4m)
NOPAT = 223.8m (EBIT 239.7m * (1 - 6.64%))
Current Ratio = 1.49 (Total Current Assets 601.8m / Total Current Liabilities 404.4m)
Debt / Equity = 0.08 (Debt 27.2m / totalStockholderEquity, last quarter 350.6m)
Debt / EBITDA = -0.21 (Net Debt -53.6m / EBITDA 258.3m)
Debt / FCF = -0.57 (Net Debt -53.6m / FCF TTM 93.6m)
Total Stockholder Equity = 271.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.40% (Net Income 163.1m / Total Assets 875.7m)
RoE = 60.01% (Net Income TTM 163.1m / Total Stockholder Equity 271.9m)
RoCE = 68.01% (EBIT 239.7m / Capital Employed (Equity 271.9m + L.T.Debt 80.6m))
RoIC = 57.31% (NOPAT 223.8m / Invested Capital 390.5m)
WACC = 6.32% (E(2.04b)/V(2.07b) * Re(6.34%) + D(27.2m)/V(2.07b) * Rd(5.15%) * (1-Tc(0.07)))
Discount Rate = 6.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.56 | Cagr: 0.27%
[DCF] Terminal Value 77.97% ; FCFF base≈71.4m ; Y1≈81.8m ; Y5≈120.5m
[DCF] Fair Price = 8.53 (EV 1.81b - Net Debt -53.6m = Equity 1.87b / Shares 218.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -83.73 | EPS CAGR: -24.07% | SUE: 0.04 | # QB: 0
Revenue Correlation: 18.83 | Revenue CAGR: 16.29% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=-5.26% | Revisions=+25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=+0.00% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.37 | Chg30d=+0.00% | Revisions=+29% | GrowthEPS=+66.5% | GrowthRev=+46.3%
EPS next Year (2027-12-31): EPS=0.45 | Chg30d=+0.90% | Revisions=+57% | GrowthEPS=+22.4% | GrowthRev=+20.9%
[Analyst] Revisions Ratio: +62% (up=9, down=1)