Bittium
6.52
EUR
-1.21 %
Corporate customer
BITTI
NASDAQ Helsinki
Telecommunications
Technology
7,751 following
Income statement
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 51.6 | 62.8 | 75.2 | 78.4 | 86.9 | 82.5 | 75.2 | 85.0 | 97.2 | 105.7 | 116.0 |
growth-% | 21.7 % | 19.7 % | 4.3 % | 10.8 % | -5.0 % | -8.8 % | 13.1 % | 14.3 % | 8.7 % | 9.8 % | |
EBITDA | -2.3 | 7.5 | 14.3 | 13.5 | 13.7 | 11.0 | 2.1 | 17.2 | 24.0 | 29.4 | 32.1 |
EBIT (adj.) | -6.2 | 2.8 | 6.3 | 2.1 | 3.2 | 0.3 | -4.2 | 9.0 | 12.2 | 15.4 | 18.1 |
EBIT | -6.2 | 2.8 | 6.3 | 2.1 | 3.2 | 0.3 | -7.4 | 9.0 | 12.2 | 15.4 | 18.1 |
Profit before taxes | -5.8 | 2.7 | 5.9 | 1.7 | 2.5 | -0.4 | -8.4 | 7.9 | 11.8 | 15.3 | 18.2 |
Net income | -4.1 | 2.7 | 5.9 | 1.7 | 2.5 | -0.4 | -8.6 | 7.8 | 11.8 | 13.8 | 15.5 |
EPS (adj.) | -0.12 | 0.08 | 0.17 | 0.05 | 0.07 | -0.01 | -0.15 | 0.22 | 0.33 | 0.39 | 0.44 |
growth-% | 116.5 % | -71.2 % | 49.4 % | -116.1 % | 50.5 % | 16.7 % | 12.5 % | ||||
Dividend | 0.30 | 0.15 | 0.00 | 0.03 | 0.04 | 0.05 | 0.06 | 0.10 | 0.20 | 0.27 | 0.31 |
Dividend ratio | -258.6 % | 196.5 % | 65.3 % | 56.2 % | -435.4 % | -24.9 % | 45.3 % | 60.0 % | 70.0 % | 70.0 % |
Profitability and return on capital
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
EBITDA-% | -4.5 % | 11.9 % | 19.0 % | 17.2 % | 15.8 % | 13.4 % | 2.7 % | 20.3 % | 24.7 % | 27.8 % | 27.7 % |
EBIT-% (adj.) | -12.0 % | 4.5 % | 8.4 % | 2.7 % | 3.7 % | 0.4 % | -5.6 % | 10.6 % | 12.5 % | 14.6 % | 15.6 % |
EBIT-% | -12.0 % | 4.5 % | 8.4 % | 2.7 % | 3.7 % | 0.4 % | -9.9 % | 10.6 % | 12.5 % | 14.6 % | 15.6 % |
ROE | 2.4 % | 5.3 % | 1.5 % | 2.2 % | -0.4 % | -7.7 % | 7.1 % | 10.0 % | 11.0 % | 11.8 % | |
ROI | 2.7 % | 5.2 % | 1.6 % | 2.3 % | 0.2 % | -5.4 % | 6.9 % | 9.4 % | 11.9 % | 13.5 % |
Valuation
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Share price (EUR) | 5.65 | 7.61 | 6.50 | 5.79 | 5.30 | 3.98 | 4.81 | 6.52 | 6.52 | 6.52 | 6.52 |
Shares | 35.7 | 35.7 | 35.7 | 35.7 | 35.7 | 35.7 | 35.5 | 35.5 | 35.5 | 35.5 | 35.5 |
Market cap | 201.7 | 271.6 | 232.0 | 206.7 | 189.2 | 142.1 | 170.7 | 231.4 | 231.4 | 231.4 | 231.4 |
Enterprise value | 140.0 | 242.2 | 219.5 | 204.5 | 189.4 | 145.5 | 185.0 | 240.6 | 228.0 | 211.7 | 192.6 |
EV/S | 2.7 | 3.9 | 2.9 | 2.6 | 2.2 | 1.8 | 2.5 | 2.8 | 2.3 | 2.0 | 1.7 |
EV/EBITDA | - | 32.3 | 15.4 | 15.1 | 13.8 | 13.2 | 89.5 | 14.0 | 9.5 | 7.2 | 6.0 |
EV/EBIT (adj.) | - | 85.1 | 34.8 | 97.4 | 58.5 | 427.9 | - | 26.8 | 18.7 | 13.8 | 10.6 |
EV/EBIT | - | 85.1 | 34.8 | 97.4 | 58.5 | 427.9 | - | 26.8 | 18.7 | 13.8 | 10.6 |
P/E (adj.) | - | 99.7 | 39.3 | 121.6 | 74.5 | - | - | 29.5 | 19.6 | 16.8 | 15.0 |
P/E | - | 99.7 | 39.3 | 121.6 | 74.5 | - | - | 29.5 | 19.6 | 16.8 | 15.0 |
P/B | 1.7 | 2.5 | 2.1 | 1.8 | 1.6 | 1.2 | 1.6 | 2.0 | 1.9 | 1.8 | 1.7 |
P/S | 3.9 | 4.3 | 3.1 | 2.6 | 2.2 | 1.7 | 2.3 | 2.7 | 2.4 | 2.2 | 2.0 |
Dividend yield | 5.3 % | 2.0 % | 0.5 % | 0.8 % | 1.3 % | 1.3 % | 1.5 % | 3.1 % | 4.2 % | 4.7 % | |
Equity ratio | 85.9 % | 84.7 % | 73.4 % | 73.1 % | 72.4 % | 70.1 % | 70.1 % | 72.3 % | 77.6 % | 78.7 % | 78.3 % |
Gearing ratio | -52.8 % | -26.7 % | -11.1 % | -1.9 % | 0.2 % | 2.9 % | 13.3 % | 8.2 % | -2.8 % | -15.3 % | -28.9 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 25.7 | 75.2 | 18.2 | 19.8 | 14.0 | 33.0 | 85.0 | 21.4 | 23.6 |
EBITDA | 0.2 | 2.1 | 3.2 | 4.2 | 1.3 | 8.5 | 17.2 | 4.4 | 5.6 |
EBIT | -2.1 | -7.4 | 1.0 | 1.9 | -0.3 | 6.3 | 9.0 | 1.6 | 2.6 |
Profit before taxes | -2.4 | -8.4 | 0.7 | 1.6 | -0.6 | 6.1 | 7.9 | 1.5 | 2.5 |
Net income | -2.6 | -8.6 | 0.7 | 1.6 | -0.6 | 6.1 | 7.8 | 1.5 | 2.5 |