Kitron KIT.OL
NorwayTechnology · Electronic ComponentsEuronext Oslo Børs · NOK
108.92 NOK (+5.1%)
5 analysts
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Kitron is a Norwegian provider of electronics manufacturing services (EMS) that designs and produces electronic components for clients in the defense, energy, maritime, industrial, and medical sectors.
Listed on Euronext Oslo Børs · Symbol KIT.OL · OB: KIT · Currency NOK
Key points
from its scores- ✓Strong growth10.0
- ✓Good share-price trend9.0
- ✓High-quality business7.5
- ✕Little or no dividend4.1
- !Somewhat demanding valuation5.7
AI analysis
bottom line, main risk, context and newsGrowth and quality justify the premium, but the operating margin (9.57%) is thin and the valuation leaves little room for error.
Kitron shows exceptional growth (revenue +71.7%, earnings +96.4%) with solid quality (ROE 23.81%, ROIC 20.72%) and a healthy balance sheet (net debt/EBITDA 0.29), although its valuation (P/E 28.15) already discounts much of that growth.
The operating margin of 9.57% is relatively low for a growth company, making it vulnerable to cost pressures or a slowdown in demand from its industrial and defense clients.
Context and risks
No recent relevant news and no material exposure to current macro factors: the company has net debt/EBITDA of 0.29, so the rise in rates does not pose significant financial pressure, and its electronic components business does not depend on commodities or conflict-affected shipping routes.
Is Kitron stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Technology median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 28.2 | 31.3 | −10% |
| EV / EBITDA | 20.5 | 20.4 | +0% |
| Price / book | 6.7 | 6.3 | +7% |
| Price / sales | 2.2 | 5.3 | −59% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.7 out of 10 (median for Technology: 5.3).
Average analyst target: 108.92 NOK, +5.1% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 28.2
- Forward P/E
- 20.5
- EV / EBITDA
- 20.5
- Price / book
- 6.7
- Price / sales
- 2.2
- PEG
- 2.11
- Market cap
- 22.7B NOK
- Enterprise value
- 2.1B EUR
Profitability
- ROE
- 23.8%
- ROA
- 7.5%
- ROIC (approx.)
- 20.7%
- Gross margin
- 33.4%
- Operating margin
- 9.6%
- Net margin
- 7.0%
- Free cash flow
- 102.9M EUR
- FCF yield
- 4.9%
- Cash conversion
- 98%
Solvency
- Total debt
- 134.2M EUR
- Net debt
- 30.5M EUR
- Cash
- 103.7M EUR
- EBITDA
- 104.6M EUR
- Net debt / EBITDA
- 0.29
- Debt / equity
- 37.33
- Current ratio
- 1.48
- Quick ratio
- 1.03
Growth
- Revenue growth
- +71.7%
- Earnings growth
- +96.4%
- EPS (TTM)
- 3.68 NOK
- EPS (forward)
- 5.05 NOK
Dividend
- Dividend yield
- 0.7%
- Payout
- 18.3%
Risk and market
- Beta
- 0.93
- Analyst consensus
- Buy (5)
- Target price
- 108.92 NOK
- 52-week range
- 56.20 – 116.30
Recent news
All KIT.OL news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Kitron
Is Kitron stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Technology median (within 15%). Valuation score: 5.7 out of 10 (median for Technology: 5.3). Average analyst target: 108.92 NOK, +5.1% versus the price. This is not investment advice.
What score does Kitron get on MeridIAn Screener?
It scores 7.3 out of 10, rank 92 of 2,130 (better than 95% of the companies analysed). Its strongest category is Growth (10.0) and its weakest, Dividend (4.1). Analysis of 08/10/2026.
What is Kitron's P/E ratio?
Its P/E is 28.2: the share price equals 28.2 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 20.5.
How much is Kitron worth on the stock market?
Its market capitalisation is 22.7B NOK and its enterprise value, debt included, is 2.1B NOK.
How much debt does Kitron have?
Its net debt (debt minus cash) is 30.5M EUR. That is 0.29 times its EBITDA; the Technology median is 0.20.
Does Kitron pay a dividend?
Yes: its dividend yield is 0.68% and it pays out 18% of its earnings.
How has Kitron stock performed over the last year?
It has risen 77.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 56.20 and 116.30 NOK. Past performance does not guarantee future results.
What do analysts think of Kitron?
5 analysts cover it; their average recommendation is “Buy” and their average target is 108.92 NOK (+5.1% versus the price). It is an estimate, not market data.