Bittium
6.98
EUR
+1.45 %
BITTI
NASDAQ Helsinki
Telecommunications
Technology
7,742 following
+1.45%
+3.25%
-0.57%
-3.86%
+0.58%
+45.11%
+72.35%
+36.06%
+10.44%
-54.39%
www.bittium.com/investors/bittium-for-investors
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 (adj.) (24e)
31.63
EV/EBIT (adj.) (24e)
28.62
EV/S (24e)
3.02
Dividend yield-% (24e)
1.43 %
Target price
7.50 EUR
Recommendation
Accumulate
Updated
10.11.2024
NASDAQ Helsinki
BITTI
Daily low / high price
6.86 / 6.98
EUR
Market cap
249.2M EUR
Turnover
27.56K EUR
Volume
4K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Juha Kinnunen
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.4 | 86.9 | 82.5 | 75.2 | 85.0 | 99.1 | 106.5 | 118.2 |
| growth-% | 4.3 % | 10.8 % | -5.0 % | -8.8 % | 13.1 % | 16.6 % | 7.4 % | 11.0 % |
| EBITDA | 13.5 | 13.7 | 11.0 | 2.1 | 17.2 | 25.7 | 30.6 | 34.1 |
| EBIT (adj.) | 2.1 | 3.2 | 0.3 | -4.2 | 9.0 | 13.9 | 16.6 | 20.1 |
| EBIT | 2.1 | 3.2 | 0.3 | -7.4 | 9.0 | 13.9 | 16.6 | 20.1 |
| Profit before taxes | 1.7 | 2.5 | -0.4 | -8.4 | 7.9 | 13.5 | 16.5 | 20.2 |
| Net income | 1.7 | 2.5 | -0.4 | -8.6 | 7.8 | 13.5 | 14.9 | 17.2 |
| EPS (adj.) | 0.05 | 0.07 | -0.01 | -0.15 | 0.22 | 0.38 | 0.42 | 0.48 |
| growth-% | -71.2 % | 49.4 % | -116.1 % | 72.5 % | 10.1 % | 15.5 % | ||
| Dividend | 0.03 | 0.04 | 0.05 | 0.06 | 0.10 | 0.23 | 0.29 | 0.34 |
| Dividend ratio | 65.3 % | 56.2 % | -435.4 % | -24.9 % | 45.3 % | 60.0 % | 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 % | 20.3 % | 25.9 % | 28.8 % | 28.8 % |
| EBIT-% (adj.) | 2.7 % | 3.7 % | 0.4 % | -5.6 % | 10.6 % | 14.0 % | 15.6 % | 17.0 % |
| EBIT-% | 2.7 % | 3.7 % | 0.4 % | -9.9 % | 10.6 % | 14.0 % | 15.6 % | 17.0 % |
| ROE | 1.5 % | 2.2 % | -0.4 % | -7.7 % | 7.1 % | 11.4 % | 11.7 % | 12.9 % |
| ROI | 1.6 % | 2.3 % | 0.2 % | -5.4 % | 6.9 % | 10.7 % | 12.7 % | 14.8 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 5.79 | 5.30 | 3.98 | 4.81 | 6.98 | 6.98 | 6.98 | 6.98 |
| Shares | 35.7 | 35.7 | 35.7 | 35.5 | 35.5 | 35.5 | 35.5 | 35.5 |
| Market cap | 206.7 | 189.2 | 142.1 | 170.7 | 247.7 | 247.7 | 247.7 | 247.7 |
| Enterprise value | 204.5 | 189.4 | 145.5 | 185.0 | 256.9 | 243.4 | 226.6 | 206.9 |
| EV/S | 2.6 | 2.2 | 1.8 | 2.5 | 3.0 | 2.5 | 2.1 | 1.8 |
| EV/EBITDA | 15.1 | 13.8 | 13.2 | 89.5 | 14.9 | 9.5 | 7.4 | 6.1 |
| EV/EBIT (adj.) | 97.4 | 58.5 | 427.9 | - | 28.6 | 17.5 | 13.6 | 10.3 |
| EV/EBIT | 97.4 | 58.5 | 427.9 | - | 28.6 | 17.5 | 13.6 | 10.3 |
| P/E (adj.) | 121.6 | 74.5 | - | - | 31.6 | 18.3 | 16.6 | 14.4 |
| P/E | 121.6 | 74.5 | - | - | 31.6 | 18.3 | 16.6 | 14.4 |
| P/B | 1.8 | 1.6 | 1.2 | 1.6 | 2.2 | 2.0 | 1.9 | 1.8 |
| P/S | 2.6 | 2.2 | 1.7 | 2.3 | 2.9 | 2.5 | 2.3 | 2.1 |
| Dividend yield | 0.5 % | 0.8 % | 1.3 % | 1.3 % | 1.4 % | 3.3 % | 4.2 % | 4.9 % |
| Equity ratio | 73.1 % | 72.4 % | 70.1 % | 70.1 % | 72.3 % | 78.0 % | 78.8 % | 78.4 % |
| Gearing ratio | -1.9 % | 0.2 % | 2.9 % | 13.3 % | 8.2 % | -3.5 % | -16.2 % | -29.8 % |
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 | 21.5 | 24.2 |
| EBITDA | 0.2 | 2.1 | 3.2 | 4.2 | 1.3 | 8.5 | 17.2 | 4.7 | 6.0 |
| EBIT | -2.1 | -7.4 | 1.0 | 1.9 | -0.3 | 6.3 | 9.0 | 1.9 | 3.0 |
| Profit before taxes | -2.4 | -8.4 | 0.7 | 1.6 | -0.6 | 6.1 | 7.9 | 1.8 | 2.9 |
| Net income | -2.6 | -8.6 | 0.7 | 1.6 | -0.6 | 6.1 | 7.8 | 1.8 | 2.9 |
ShowingAll content types
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