0.15%
12.70%
24.39%
6.82%
20.68%
71.57%
281.73%

Company Description

Kitron ASA operates as an electronics manufacturing services company in Norway, Sweden, rest of Europe, the United States, and internationally.It manufactures electronics that are embedded in the customers' products; and box-built electronic products.The company's services include development services, such as product development, product management, re-engineering, and value analysis/value engineering; and industrialization services, including prototype manufacturing, evaluation of new products, component engineering and database, test development, design and build of high level assembly lines, and environmental durability testing.


Its services also comprise sourcing and procurement services; manufacturing, assembling, and testing of electronic products for the professional market; redesign, repair, and maintenance; logistics and distribution; and augmented reality manufacturing services.Kitron ASA was founded in 1996 and is headquartered in Billingstad, Norway.

Market Data

Last Price 38.86
Change Percentage 0.15%
Open 39.06
Previous Close 38.8
Market Cap ( Millions) 7776
Volume 79894
Year High 40.54
Year Low 27.32
M A 50 33.97
M A 200 32.74

Financial Ratios

FCF Yield 9.00%
Dividend Yield 1.93%
ROE 18.87%
Debt / Equity 86.63%
Net Debt / EBIDTA 266.78%
Price To Book 3.4
Price Earnings Ratio 18.8
Price To FCF 11.11
Price To sales 1.22
EV / EBITDA 17.57

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Electrification

Expected Growth : 8.5 %

What the company do ?

Electrification from Kitron ASA refers to the process of converting fossil fuel-based systems to electric-powered solutions, enabling sustainable and eco-friendly operations.

Why we expect these perspectives ?

Electrification growth driven by increasing demand for electric vehicles, renewable energy integration, and grid modernization. Kitron ASA's strong position in the electromechanical components market, coupled with its ability to provide customized solutions, enables the company to capitalize on this trend, resulting in an 8.5% growth rate.

Segment nΒ°2 -> Industry

Expected Growth : 9.27 %

What the company do ?

Kitron ASA operates in the Electronics Manufacturing Services (EMS) industry, providing contract manufacturing and value-added services to various industries.

Why we expect these perspectives ?

Kitron ASA's 9.27% growth is driven by increasing demand for electronics in the industrial, medical, and aerospace industries. The company's focus on high-reliability products, strategic acquisitions, and investments in technology and manufacturing capabilities have enabled it to capitalize on this trend. Additionally, Kitron's strong relationships with key customers and its ability to adapt to changing market conditions have contributed to its growth.

Segment nΒ°3 -> Connectivity

Expected Growth : 8.5 %

What the company do ?

Kitron ASA's Connectivity segment offers electronic manufacturing services for connectivity products, including cable assemblies, wiring harnesses, and other interconnect solutions.

Why we expect these perspectives ?

Kitron ASA's 8.5% growth is driven by increasing demand for advanced electronics in the industrial, medical, and aerospace sectors. The company's strategic expansion into high-growth markets, such as 5G and electric vehicles, also contributes to its growth. Additionally, Kitron's focus on operational efficiency and cost reduction initiatives has improved its profitability, enabling investments in research and development to drive future growth.

Segment nΒ°4 -> Defence/Aerospace

Expected Growth : 4.65 %

What the company do ?

Kitron ASA's Defence/Aerospace segment provides electronic solutions for military, aerospace, and defence industries, offering advanced technology and manufacturing capabilities.

Why we expect these perspectives ?

Kitron ASA's 4.65% growth in Defence/Aerospace is driven by increasing demand for advanced electronics in military applications, growing investments in unmanned aerial vehicles (UAVs), and rising adoption of cyber security solutions. Additionally, the company's focus on innovation, cost competitiveness, and strategic partnerships contribute to its growth momentum.

Segment nΒ°5 -> Medical Devices

Expected Growth : 8.5 %

What the company do ?

Kitron ASA's Medical Devices segment provides contract manufacturing services for medical devices, including implantables, diagnostic equipment, and disposables, serving the global healthcare industry.

Why we expect these perspectives ?

Kitron ASA's Medical Devices segment growth of 8.5% is driven by increasing demand for diagnostic and therapeutic devices, expansion into emerging markets, and strategic partnerships. Additionally, advancements in technology, such as miniaturization and digitalization, are fueling innovation and adoption. Regulatory approvals and certifications also contribute to the segment's growth.

Kitron Asa Products

Product Range What is it ?
Electronics Manufacturing Services (EMS) Kitron ASA provides Electronics Manufacturing Services (EMS) to original equipment manufacturers (OEMs) in various industries, including industrial, medical, and aerospace.
Industrial Electronics Kitron ASA designs and manufactures industrial electronics, including control systems, power supplies, and communication devices.
Medical Devices Kitron ASA develops and manufactures medical devices, including patient monitoring systems, diagnostic equipment, and medical imaging systems.
Aerospace and Defense Kitron ASA provides electronic assemblies and systems for the aerospace and defense industries, including communication systems, navigation systems, and electronic warfare systems.
Internet of Things (IoT) Devices Kitron ASA designs and manufactures IoT devices, including sensors, gateways, and edge computing devices.

Kitron ASA's Porter Forces

Kitron ASA's products are specialized and customized, making it difficult for customers to find substitutes. However, the company's reliance on a few large customers increases the threat of substitutes.

Kitron ASA's customers are large and have significant bargaining power due to their size and purchasing power. This gives them the ability to negotiate prices and terms.

Kitron ASA has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's size and purchasing power also give it an advantage in negotiations.

The electronics manufacturing services (EMS) industry has high barriers to entry, including significant capital requirements and the need for specialized expertise. This makes it difficult for new entrants to compete with established players like Kitron ASA.

The EMS industry is highly competitive, with many players competing for market share. However, Kitron ASA's focus on specialized and customized products helps to differentiate it from competitors and reduce the intensity of rivalry.

Capital Structure

Value
Debt Weight 45.19%
Debt Cost 8.18%
Equity Weight 54.81%
Equity Cost 8.18%
WACC 8.18%
Leverage 82.45%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
ICP1V.HE Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Europe, North America, and Asia. The company produces inverters, UPS devices and printed circuit board (PCBs) for fuel dispensers …
VAIAS.HE Vaisala Oyj engages in the weather and environmental, and industrial measurement business serving weather related and industrial markets. The company's products include industrial measurement systems, such as HVAC and indoor …
KETL.L Strix Group Plc designs, manufactures, and supplies kettle safety controls, and other components and devices worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides …
NCAB.ST NCAB Group AB (publ) manufactures and sells printed circuit boards (PCBs) worldwide. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, and double sided PCBs. …
BAR.BR Barco NV, together with its subsidiaries, develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. The company operates through three divisions: Entertainment, Enterprise, and Healthcare. It offers cinema, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
38.86$
Current Price
38.86$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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