Company Valuation: Kitron ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 466.1 526.7 592.4 570 1,332 1,865 - -
Change - 12.99% 12.48% -3.77% 133.76% 39.93% - -
Enterprise Value (EV) 1 523.1 671.7 721.8 683.5 1,301 1,855 1,826 1,757
Change - 28.41% 7.46% -5.3% 90.32% 42.56% -1.53% -3.8%
P/E 30.8x 19.9x 11.5x 20.5x 28x 22.6x 18.7x 15.6x
PBR 3.6x 3.92x 3.26x 2.86x 3.95x 4.67x 3.91x 3.24x
PEG - 0.3x 0.1x -0.4x 0.5x 0.3x 0.9x 0.8x
Capitalization / Revenue 1.26x 0.89x 0.76x 0.88x 1.8x 1.67x 1.42x 1.22x
EV / Revenue 1.41x 1.13x 0.93x 1.06x 1.76x 1.66x 1.39x 1.15x
EV / EBITDA 15.4x 11.8x 8.17x 10.2x 15.7x 13.7x 11.4x 9.36x
EV / EBIT 21.8x 16x 10.2x 14.2x 20.2x 17.2x 13.9x 11.3x
EV / FCF 61.7x 118x 16.9x 19.5x 16x 55.6x 24.2x 16.5x
FCF Yield 1.62% 0.85% 5.92% 5.14% 6.23% 1.8% 4.13% 6.06%
Dividend per Share 2 0.0249 0.0446 0.066 0.03 0.0624 0.1136 0.1457 0.1856
Rate of return 1.05% 1.67% 2.21% 1.05% 1.01% 1.33% 1.71% 2.18%
EPS 2 0.0767 0.1336 0.26 0.14 0.22 0.3777 0.4567 0.5464
Distribution rate 32.5% 33.4% 25.4% 21.4% 28.4% 30.1% 31.9% 34%
Net sales 1 369.8 593.8 775.2 647.2 738.3 1,119 1,313 1,527
EBITDA 1 34.06 56.84 88.3 66.7 83.1 135.1 160.9 187.7
EBIT 1 23.99 42.07 70.7 48 64.5 107.7 131.6 155.6
Net income 1 15.23 26.28 51.1 28 43.8 82.3 100 119.9
Net Debt 1 56.93 145 129.4 113.5 -31.6 -10.01 -38.46 -107.9
Reference price 2 2.366 2.664 2.989 2.866 6.158 8.526 8.526 8.526
Nbr of stocks (in thousands) 197,014 197,691 198,198 198,890 216,389 218,702 - -
Announcement Date 11/02/22 15/02/23 14/02/24 13/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.26x5.8x17.76x0.64% 194B
13.58x0.31x6.86x3.7% 112B
38.27x6.17x20.01x0.94% 84.17B
25.43x8.93x18.94x0.49% 82.68B
68.96x7.29x34.02x0.21% 76B
20.61x1.2x13.76x0.64% 68.16B
18.47x3.14x11.94x1.44% 58.67B
37.57x5.29x19.96x0.02% 54.68B
65.05x29.24x64.99x0.4% 42.73B
Average 35.47x 7.49x 23.14x 0.94% 85.96B
Weighted average by Cap. 32.95x 6.18x 20.12x 1.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield