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 2,170 - -
Change - 12.99% 12.48% -3.77% 133.76% 62.86% - -
Enterprise Value (EV) 1 523.1 671.7 721.8 683.5 1,301 2,165 2,140 2,072
Change - 28.41% 7.46% -5.3% 90.32% 66.41% -1.16% -3.19%
P/E 30.8x 19.9x 11.5x 20.5x 28x 25.9x 21.3x 17.7x
PBR 3.6x 3.92x 3.26x 2.86x 3.95x 5.43x 4.54x 3.76x
PEG - 0.3x 0.1x -0.4x 0.5x 0.4x 1x 0.9x
Capitalization / Revenue 1.26x 0.89x 0.76x 0.88x 1.8x 1.92x 1.63x 1.4x
EV / Revenue 1.41x 1.13x 0.93x 1.06x 1.76x 1.91x 1.6x 1.33x
EV / EBITDA 15.4x 11.8x 8.17x 10.2x 15.7x 15.9x 13.1x 10.9x
EV / EBIT 21.8x 16x 10.2x 14.2x 20.2x 20x 16x 13.1x
EV / FCF 61.7x 118x 16.9x 19.5x 16x 68.9x 28.9x 19.5x
FCF Yield 1.62% 0.85% 5.92% 5.14% 6.23% 1.45% 3.46% 5.12%
Dividend per Share 2 0.0249 0.0446 0.066 0.03 0.0624 0.1161 0.1482 0.1881
Rate of return 1.05% 1.67% 2.21% 1.05% 1.01% 1.17% 1.49% 1.9%
EPS 2 0.0767 0.1336 0.26 0.14 0.22 0.3827 0.4667 0.5598
Distribution rate 32.5% 33.4% 25.4% 21.4% 28.4% 30.3% 31.8% 33.6%
Net sales 1 369.8 593.8 775.2 647.2 738.3 1,133 1,334 1,552
EBITDA 1 34.06 56.84 88.3 66.7 83.1 135.9 163 190.6
EBIT 1 23.99 42.07 70.7 48 64.5 108.5 133.7 158.4
Net income 1 15.23 26.28 51.1 28 43.8 83 101.6 122
Net Debt 1 56.93 145 129.4 113.5 -31.6 -5.226 -30.29 -98.5
Reference price 2 2.366 2.664 2.989 2.866 6.158 9.922 9.922 9.922
Nbr of stocks (in thousands) 197,014 197,691 198,198 198,890 216,389 218,702 - -
Announcement Date 2/11/22 2/15/23 2/14/24 2/13/25 2/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.12x6.35x19.36x0.66% 214B
61.15x7.63x26.14x0.71% 141B
34.41x12.23x22.34x0.8% 123B
13.47x0.31x6.78x3.73% 111B
41.96x6.89x22.53x0.83% 97.72B
75.33x8.08x37.26x0.19% 86.45B
25.33x9.09x18.46x0.5% 80.89B
45.53x6.37x24x0.01% 66B
20.27x3.41x13.04x1.32% 63.8B
Average 39.06x 6.70x 21.10x 0.97% 109.41B
Weighted average by Cap. 39.26x 6.83x 21.01x 0.99%

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