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 1,969 - -
Change - 12.99% 12.48% -3.77% 133.76% 47.77% - -
Enterprise Value (EV) 1 523.1 671.7 721.8 683.5 1,301 1,959 1,931 1,861
Change - 28.41% 7.46% -5.3% 90.32% 50.59% -1.45% -3.59%
P/E 30.8x 19.9x 11.5x 20.5x 28x 23.7x 19.6x 16.4x
PBR 3.6x 3.92x 3.26x 2.86x 3.95x 4.93x 4.13x 3.42x
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 1.76x 1.5x 1.29x
EV / Revenue 1.41x 1.13x 0.93x 1.06x 1.76x 1.75x 1.47x 1.22x
EV / EBITDA 15.4x 11.8x 8.17x 10.2x 15.7x 14.5x 12x 9.91x
EV / EBIT 21.8x 16x 10.2x 14.2x 20.2x 18.2x 14.7x 12x
EV / FCF 61.7x 118x 16.9x 19.5x 16x 58.8x 25.6x 17.5x
FCF Yield 1.62% 0.85% 5.92% 5.14% 6.23% 1.7% 3.9% 5.72%
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% 1.26% 1.62% 2.06%
EPS 2 0.0767 0.1336 0.26 0.14 0.22 0.3794 0.4583 0.5481
Distribution rate 32.5% 33.4% 25.4% 21.4% 28.4% 29.9% 31.8% 33.9%
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 9.003 9.003 9.003
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.($)
33.09x6.17x18.81x0.68% 208B
59.11x7.39x25.31x0.74% 137B
34.07x12.1x22.1x0.81% 122B
13.44x0.31x6.77x3.74% 110B
40.09x6.57x21.48x0.87% 93.38B
72.95x7.81x36.16x0.19% 83.01B
25.58x9.18x18.65x0.5% 81.63B
19.55x3.29x12.61x1.37% 61.55B
17.99x1.07x12x0.71% 60.71B
Average 35.10x 5.99x 19.32x 1.07% 106.39B
Weighted average by Cap. 36.34x 6.35x 19.69x 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