AI Spotlight on KIT
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 |
News
- Jan -29 - High Growth Tech Stocks To Watch In January 2025
- Jan -22 - Kitron: Kongsberg Awards Kitron New Order for Naval Strike Missile Electronics
- Jan -20 - Kitron secures EUR 30 million contract for advanced optics production for UAV and drone market
- Jan -11 - Thales Norway awards order to Kitron
- Dec -31 - Kitron And 2 High Growth Tech Stocks To Watch
- Dec -27 - 3 Stocks That May Be Trading Below Their Estimated Fair Value
- Dec -23 - Kitron signs contract for marine IoT technology
- Dec -20 - Kitron Sweden to expand factory in JΓΆnkΓΆping
- Dec -19 - Kitron: Leading defence manufacturer awards Kitron order for deliveries to U.S. Army
- Dec -16 - Kitron ASA - Notification of Primary insider transaction
- Dec -10 - Kitron: Agility driving growth and profits in 2025 and beyond
- Dec -02 - Kitron And 2 Other High Growth Tech Stocks To Watch
- Nov -28 - Discover 3 Stocks Including EuroGroup Laminations That May Be Trading Below Estimated Value
- Nov -01 - Exploring High Growth Tech Stocks With Promising Potential
- Oct -25 - Kitron ASA (FRA:KP5) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines and ...
- Oct -24 - Kitron: Q3 2024 - Adapting to global market shifts
- Sep -22 - Kitron revises outlook for second half 2024
- Jul -11 - Kitron: Q2 2024 - Robust profitability and positive outlook despite sector challenges
- Jun -28 - KONGSBERG awards electronics order for Naval Strike Missile to Kitron
- Jun -21 - Veidekke to build production building for Kitron in Arendal
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
Threat Of Substitutes
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.
Bargaining Power Of Customers
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.
Bargaining Power Of Suppliers
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.
Threat Of New Entrants
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.
Intensity Of Rivalry
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% |
Kitron ASA : Quality Control
Kitron ASA passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
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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. β¦ |
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, β¦ |