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1. Company Snapshot

1.a. Company Description

Bittium Oyj provides solutions for connectivity, tactical communications, and biosignal measuring and monitoring.It offers tactical and secure communication systems, including secured smartphones, device management and encryption software, secured communication applications, device platforms, VPN software, monitoring and reporting modules, wireless broadband network systems, tactical radios, VoIP software, tactical IP-based communication products, and LTE access solutions.The company's solutions are used for customers in the defense, security, and public safety markets.


It also provides research and development services in the areas of wireless telecommunications, medical technology, and automotive and manufacturing industries.In addition, the company offers healthcare technology products and services in biosignal measuring in the areas of cardiology, neurology, rehabilitation, occupational health, and sports medicine.It operates in Finland, Germany, the United States, Mexico, and Singapore.


The company was formerly known as Elektrobit Corporation and changed its name to Bittium Oyj in July 2015.Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland.

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1.b. Last Insights on BITTI

Bittium Oyj's recent performance is driven by its robust growth prospects in the healthcare technology sector. The company's innovative solutions and strong order backlog have garnered attention from investors. Additionally, Bittium's focus on developing cutting-edge medical devices and digital health platforms has positioned it well for long-term success. With a solid foundation in place, the company is poised to capitalize on emerging trends in the healthcare industry.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.55%)

6. Segments

Software and Equipment Products

Expected Growth: 12%

Bittium Oyj's 12% growth in Software and Equipment Products is driven by increasing demand for secure communication solutions, particularly in the defense and public safety sectors. Growing adoption of 5G and IoT technologies also fuels growth, as customers require advanced software and equipment to support these technologies.

Software and Equipment Service

Expected Growth: 16%

Bittium Oyj's Software and Equipment Service segment growth of 16% is driven by increasing demand for secure communication solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on R&D investments in 5G and IoT technologies, as well as its strong presence in the defense and public safety sectors, contribute to its growth momentum.

7. Detailed Products

Bittium Tough Mobile 2

A secure and durable Android-based smartphone designed for demanding environments and use cases, providing advanced security features and a long-lasting battery life.

Bittium Tough Mobile Secure

A highly secure smartphone solution providing advanced encryption, secure boot, and tamper-evident storage, designed for high-security environments.

Bittium Secure Suite

A comprehensive security solution providing end-to-end encryption, secure authentication, and data protection for mobile devices and networks.

Bittium Tactical Communication System

A wireless broadband system providing secure and reliable communication for tactical operations, featuring advanced encryption and network management.

Bittium Network Performance Monitoring

A network monitoring and analytics solution providing real-time insights into network performance, quality, and security.

8. Bittium Oyj's Porter Forces

Forces Ranking

Threat Of Substitutes

Bittium Oyj operates in the technology industry, which is characterized by rapid innovation and frequent product updates. While there are substitutes available, the company's focus on secure communication solutions and its strong brand reputation mitigate the threat of substitutes.

Bargaining Power Of Customers

Bittium Oyj's customers are primarily government agencies and large corporations, which have limited bargaining power due to the specialized nature of the company's products and services.

Bargaining Power Of Suppliers

Bittium Oyj relies on a few key suppliers for components and materials. While the company has some bargaining power due to its size and reputation, the suppliers also have some leverage due to the specialized nature of the components.

Threat Of New Entrants

The technology industry is characterized by high barriers to entry, including significant research and development investments and regulatory hurdles. This limits the threat of new entrants in Bittium Oyj's market.

Intensity Of Rivalry

The technology industry is highly competitive, with many established players and frequent product updates. Bittium Oyj faces intense competition from both domestic and international companies, which drives innovation and pricing pressure.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 17.36%
Debt Cost 4.26%
Equity Weight 82.64%
Equity Cost 7.70%
WACC 7.11%
Leverage 21.00%

11. Quality Control: Bittium Oyj passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
AudioCodes

A-Score: 5.1/10

Value: 5.8

Growth: 5.7

Quality: 5.9

Yield: 6.9

Momentum: 5.0

Volatility: 1.7

1-Year Total Return ->

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Gilat Satellite Networks

A-Score: 4.8/10

Value: 2.1

Growth: 5.9

Quality: 5.6

Yield: 3.8

Momentum: 10.0

Volatility: 1.3

1-Year Total Return ->

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Stock-Card
Invisio

A-Score: 4.6/10

Value: 0.0

Growth: 8.3

Quality: 7.9

Yield: 0.6

Momentum: 8.0

Volatility: 3.0

1-Year Total Return ->

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ADVA Optical Networking

A-Score: 4.4/10

Value: 3.5

Growth: 1.1

Quality: 2.2

Yield: 1.9

Momentum: 7.5

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Bittium

A-Score: 4.4/10

Value: 1.1

Growth: 5.9

Quality: 6.9

Yield: 1.2

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

View Full Report
Stock-Card
Frequentis

A-Score: 4.1/10

Value: 1.7

Growth: 4.4

Quality: 6.0

Yield: 0.6

Momentum: 10.0

Volatility: 1.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

18.9$

Current Price

18.9$

Potential

-0.00%

Expected Cash-Flows