Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Bittium Oyj is a Finnish technology company headquartered in Oulu, specializing in the development of reliable and secure communications and connectivity solutions. With over 40 years of expertise in advanced radio communication technologies, it offers innovative products, customized solutions based on product platforms, and R&D services for demanding environments. Key offerings include tactical wireless IP networks like Bittium Tactical Wireless IP Network, secure mobile devices such as Bittium Tough Mobile and Bittium SafeMove, and VoIP solutions like Bittium Tough VoIP. Complementing these, Bittium provides information security for mobile devices and portable computers, as well as healthcare technology for biosignal measuring in cardiology, neurology, and sleep apnea monitoring with products like Bittium Respiro. The company serves defense, security, medical, and engineering sectors through high-end product development in secure connectivity and embedded systems. In 2024, Bittium Oyj reported net sales of EUR 85.2 million and an operating result of EUR 8.6 million, underscoring its role in trusted innovation for critical applications.
€32.10
+€0.75 (+2.39%)
Live · 06:42 PM
16.48% operating margin is respectable but not wide. ROIC at 13.83%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 40.1% YoY with margins expanding 5.4pp. However, free cash flow softened 61%, worth monitoring whether this is timing or structural.
At 53x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 61% versus the prior year, cash generation momentum has weakened.
53.5x earnings, 163.1x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€119M
▲ +40.1% YoY
Net Income (TTM)
€21M
▲ +193.7% YoY
Op. Margin
16.48%
▲ +5.4pp YoY
ROIC
13.83%
▲ +6.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€7M
▼ -60.7% YoY
Op. Cash Flow (TTM)
€11M
▼ -40.6% YoY
Net Debt
-€1M
Net Cash Position
Cash & Equiv.
€21M
3Y CAGR: +13.1%
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At a P/E of 53.5 and a price-to-free-cash-flow of 163.1, Bittium Oyj (BITTI.XHEL) trades above a two-stage DCF intrinsic value of about €3.44 per share, so at €32.10 the stock looks overvalued (89.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Bittium Oyj scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €3.44 per share for BITTI.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €2.58. At today's €32.10, that puts the stock about 89.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Bittium Oyj scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 16.5% operating margin and a 13.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Bittium Oyj pays a regular dividend of about €0.10 per share per year (typically in quarterly installments), a yield of roughly 0.3% at the current price. That is a payout ratio of about 16.6% of earnings, so the dividend is amply covered by earnings. Bittium Oyj has grown the dividend at roughly 9.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BITTI.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. BITTI.XHEL currently trades above its estimated intrinsic value and scores 64/100 on quality (solid). It also yields about 0.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.