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.
Kitron ASA is a leading Scandinavian Electronics Manufacturing Services (EMS) company specializing in the production of complex embedded electronics and box-built products for high-reliability applications. Founded in the early 1960s in Arendal, Norway, and headquartered in Billingstad, it delivers comprehensive services across the entire value chain, including design and development, industrialization, manufacturing, sourcing, logistics, testing, repair, and product upgrades. With approximately 3,000 skilled employees across more than 35 facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States, Kitron ensures a strong local presence tailored to regional needs. The company serves key sectors such as Connectivity, Electrification (including offshore wind and battery systems), Industry (automation and controls), Medical Devices (ultrasound and diagnostics), and Defence/Aerospace (radars and drones), emphasizing innovation, sustainability, and cost efficiency. Strategic acquisitions, including BB Electronics in 2022, DeltaNordic in 2026, and others, have expanded its global footprint and expertise in demanding markets. Kitron ASA plays a vital role in enabling advanced electromechanical solutions for global customers.
NOK 104.60
NOK 0.35 (-0.34%)
EOD Jul 1, 2026
Operating margin is thin at 8.55%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.1%, still solid.
At 34x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
34.2x earnings, 27.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€846M
▲ +14.1% YoY
Net Income (TTM)
€56M
▲ +56.4% YoY
Op. Margin
8.96%
▲ +1.1pp YoY
ROIC
12.71%
▲ +3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€74M
▲ +135.8% YoY
Op. Cash Flow (TTM)
€84M
▲ +10.9% YoY
Net Debt
-€32M
Net Cash Position
Cash & Equiv.
€146M
3Y CAGR: +137.8%
3Y CAGR: +381.1%
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At a P/E of 34.2 and a price-to-free-cash-flow of 27.8, Kitron ASA (KIT.XOSL) trades above a two-stage DCF intrinsic value of about €16.95 per share, so at €104.60 the stock looks overvalued (83.8% 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, Kitron ASA scores 73/100 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 €16.95 per share for KIT.XOSL, 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 €12.71. At today's €104.60, that puts the stock about 83.8% 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.
Kitron ASA scores 73 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 9.0% operating margin and a 12.7% 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, Kitron ASA pays a regular dividend of about €0.03 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 10.7% of earnings, so the dividend is amply covered by earnings. Kitron ASA has grown the dividend at roughly 53.7% 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 KIT.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. KIT.XOSL currently trades above its estimated intrinsic value and scores 73/100 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.