Kitron ASA
Kitron ASA is a Norwegian electronics manufacturing services (EMS) provider that designs, assembles, and tests electronic products for global customers in the industrial, medical, and consumer technology sectors.
Business. Kitron ASA (KIT.OL) is a technology equipment company operating in the electronic equipment and parts industry. The firm generates revenue through the sale of products, serving end markets such as automotive electronics, industrial, semiconductor capital equipment, and medical devices. Specific details regarding the company's operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
Analyst recommendations
6 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Kitron ASA (KIT.OL) is a technology equipment company operating in the electronic equipment and parts industry. The firm generates revenue through the sale of products, serving end markets such as automotive electronics, industrial, semiconductor capital equipment, and medical devices. Specific details regarding the company's operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
Kitron maintains a strong liquidity position with EUR 145.8 million in cash and equivalents, representing 19.7% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 10.3%, which is above the median for its industry. The current ratio of 1.8 indicates a solid ability to meet short-term obligations, and the debt-to-equity ratio of 0.36 suggests a conservative capital structure with limited leverage.
Profitability metrics show Kitron's gross margin at 33.8%, which is in line with the industry median. However, its operating margin of 8.7% and net margin of 6.0% are below the median for the Electronic Equipment & Parts industry, indicating potential inefficiencies in cost control or pricing power. Return on equity (ROE) of 13.95% is strong, but return on assets (ROA) of 5.91% is below the industry average, suggesting underutilization of asset base.
Geographically, Kitron's revenue is concentrated in Europe, with 72% of total revenue derived from the region, and 28% from the Americas. The company operates through two segments: Kitron Europe and Kitron Americas, with the former contributing 72% of total revenue. This concentration exposes the company to regional economic volatility and currency fluctuations.
Looking ahead, Kitron's revenue is projected to grow by 12.5% in the current fiscal year and 8.3% in the next, driven by increased demand in industrial and medical electronics. Free cash flow is expected to remain stable, with a slight increase in capital expenditures to support capacity expansion in the Americas.
Risk factors include moderate liquidity risk due to high cash reserves and low debt levels, and low dilution risk with no immediate filing-based flags. The company has not issued new shares in the past 12 months, and there are no active shelf registration statements or ATM programs. However, the high price-to-earnings ratio of 527.78 and price-to-book ratio of 73.64 suggest the stock is significantly overvalued relative to fundamentals.
Recent events include a Q2 2024 earnings report that showed a 15% year-over-year revenue increase, driven by strong performance in the industrial and medical segments. The company also announced a new contract with a major European medical device manufacturer, expected to contribute EUR 15 million in annual revenue starting in 2025.
- Kitron has a strong liquidity position with EUR 145.8 million in cash and a current ratio of 1.8.
- The company's ROE of 13.95% is strong, but ROA of 5.91% is below the industry median.
- Revenue is heavily concentrated in Europe (72%), exposing the company to regional economic risks.
- Analysts have a cautiously optimistic outlook, with a mean price target of EUR 111.20 and a median recommendation of 2.67.
- The stock is significantly overvalued, with a P/E ratio of 527.78 and P/B ratio of 73.64.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,36 |
| Revenue | —no estimate | —no estimate | 1,1B EUR |
| Operating income | —no estimate | —no estimate | 105,7M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Kitron ASA Market data — financials · 2026-05-28
- Kitron ASA Market data — analyst estimates · 2026-05-28
- Kitron ASA Market data — ESG · 2026-05-28
Ownership & reference
Leadership
- Peter NilssonPresident, Chief Executive Officer