Bittium
8.76 EUR +0.92%7,673 investors are following this company
Bittium is specialized in developing secure communications and connectivity solutions using technologies and knowledge on radio technology. Bittium provides products and customized solutions based on its product platforms, and R&D services for customers in various industries. Bittium also offers information security solutions for mobile devices and portable computers.
P/E (24e)
39.02
EV/EBIT (adj.) (24e)
35.37
EV/S (24e)
3.62
Dividend yield-% (24e)
1.28 %
Target price
7.20 EUR
Recommendation
Accumulate
Updated
19.5.2024
NASDAQ Helsinki
BITTI
Daily low / high price
8.72 / 8.98
EUR
Market cap
312.75M EUR
Turnover
142.26K EUR
Volume
16K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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Juha Kinnunen
Analyst
Latest videos
Financial calendar
Interim report
09.08.2024
Business review
18.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Veikkolainen Erkki | 5.1 % | 5.1 % |
Ponato Oy | 4.2 % | 4.2 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Johan Westermarck | 08.05.2023 | 110,074EUR |
Johan Westermarck | 04.05.2023 | 19,064EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 78.4 | 86.9 | 82.5 | 75.2 | 86.8 | 103.3 | 114.4 | 127.0 |
growth-% | 4.3 % | 10.8 % | -5.0 % | -8.8 % | 15.4 % | 19.0 % | 10.8 % | 11.0 % |
EBITDA | 13.5 | 13.7 | 11.0 | 2.1 | 18.2 | 26.2 | 31.2 | 35.2 |
EBIT (adj.) | 2.1 | 3.2 | 0.3 | -4.2 | 8.9 | 14.4 | 17.2 | 21.2 |
EBIT | 2.1 | 3.2 | 0.3 | -7.4 | 8.9 | 14.4 | 17.2 | 21.2 |
Profit before taxes | 1.7 | 2.5 | -0.4 | -8.4 | 8.0 | 14.0 | 17.3 | 21.4 |
Net income | 2.2 | 3.3 | 0.3 | -8.6 | 10.5 | 16.5 | 15.5 | 18.2 |
EPS (adj.) | 0.05 | 0.07 | -0.01 | -0.15 | 0.22 | 0.39 | 0.44 | 0.51 |
growth-% | -71.2 % | 49.4 % | -116.1 % | 75.3 % | 11.2 % | 17.2 % | ||
Dividend | 0.03 | 0.04 | 0.05 | 0.06 | 0.11 | 0.24 | 0.31 | 0.36 |
Dividend ratio | 50.5 % | 42.8 % | 615.6 % | -24.9 % | 38.1 % | 50.9 % | 70.0 % | 70.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 17.2 % | 15.8 % | 13.4 % | 2.7 % | 20.9 % | 25.3 % | 27.3 % | 27.7 % |
EBIT-% (adj.) | 2.7 % | 3.7 % | 0.4 % | -5.6 % | 10.2 % | 13.9 % | 15.0 % | 16.7 % |
EBIT-% | 2.7 % | 3.7 % | 0.4 % | -9.9 % | 10.2 % | 13.9 % | 15.0 % | 16.7 % |
ROE | 1.9 % | 2.9 % | 0.2 % | -7.7 % | 9.4 % | 13.5 % | 11.8 % | 13.1 % |
ROI | 1.6 % | 2.3 % | 0.2 % | -5.4 % | 6.9 % | 11.0 % | 12.8 % | 15.0 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 5.79 | 5.30 | 3.98 | 4.81 | 8.76 | 8.76 | 8.76 | 8.76 |
Shares | 35.7 | 35.7 | 35.7 | 35.5 | 35.5 | 35.5 | 35.5 | 35.5 |
Market cap | 206.7 | 189.2 | 141.9 | 170.7 | 310.9 | 310.9 | 310.9 | 310.9 |
Enterprise value | 204.5 | 189.4 | 145.3 | 185.0 | 314.5 | 297.1 | 279.6 | 267.4 |
EV/S | 2.6 | 2.2 | 1.8 | 2.5 | 3.6 | 2.9 | 2.4 | 2.1 |
EV/EBITDA | 15.1 | 13.8 | 13.2 | 89.5 | 17.3 | 11.4 | 9.0 | 7.6 |
EV/EBIT (adj.) | 97.4 | 58.5 | 427.4 | - | 35.4 | 20.7 | 16.3 | 12.6 |
EV/EBIT | 97.4 | 58.5 | 427.4 | - | 35.4 | 20.7 | 16.3 | 12.6 |
P/E (adj.) | 121.6 | 74.5 | - | - | 39.0 | 22.3 | 20.0 | 17.1 |
P/E | 93.9 | 56.6 | 489.4 | - | 29.7 | 18.9 | 20.0 | 17.1 |
P/B | 1.8 | 1.6 | 1.2 | 1.6 | 2.7 | 2.4 | 2.3 | 2.2 |
P/S | 2.6 | 2.2 | 1.7 | 2.3 | 3.6 | 3.0 | 2.7 | 2.4 |
Dividend yield | 0.5 % | 0.8 % | 1.3 % | 1.3 % | 1.3 % | 2.7 % | 3.5 % | 4.1 % |
Equity ratio | 73.1 % | 72.4 % | 70.1 % | 70.1 % | 75.0 % | 79.0 % | 78.7 % | 78.3 % |
Gearing ratio | -1.9 % | 0.2 % | 2.9 % | 13.3 % | 3.2 % | -10.7 % | -23.0 % | -30.4 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 20.7 | 13.9 | 25.7 | 75.2 | 18.2 | 22.6 | 17.4 | 28.5 | 86.8 |
EBITDA | 2.6 | 0.3 | 0.2 | 2.1 | 3.2 | 4.8 | 2.7 | 7.5 | 18.2 |
EBIT | 0.3 | -2.1 | -2.1 | -7.4 | 1.0 | 2.5 | 0.4 | 5.0 | 8.9 |
Profit before taxes | 0.1 | -2.4 | -2.4 | -8.4 | 0.7 | 2.3 | 0.2 | 4.8 | 8.0 |
Net income | 0.1 | -2.4 | -2.6 | -8.6 | 0.7 | 2.3 | 0.2 | 7.3 | 10.5 |
ShowingAll content types
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Bittium: Is this time different?
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Inderes Defense Day - Bittium
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