Bittium
6.68 EUR +3.41%7,710 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 (adj.) (24e)
29.86
EV/EBIT (adj.) (24e)
26.63
EV/S (24e)
2.81
Dividend yield-% (24e)
1.67 %
Target price
8.00 EUR
Recommendation
Accumulate
Updated
11.8.2024
NASDAQ Helsinki
BITTI
Daily low / high price
6.5 / 6.7
EUR
Market cap
238.49M EUR
Turnover
198.92K EUR
Volume
30K
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
Latest videos
Financial calendar
Business review
2024-10-18
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.4 | 86.9 | 82.5 | 75.2 | 85.3 | 103.1 | 113.2 | 124.6 |
| growth-% | 4.3 % | 10.8 % | -5.0 % | -8.8 % | 13.5 % | 20.8 % | 9.8 % | 10.1 % |
| EBITDA | 13.5 | 13.7 | 11.0 | 2.1 | 18.4 | 26.5 | 31.6 | 34.7 |
| EBIT (adj.) | 2.1 | 3.2 | 0.3 | -4.2 | 9.0 | 14.7 | 17.6 | 20.7 |
| EBIT | 2.1 | 3.2 | 0.3 | -7.4 | 9.0 | 14.7 | 17.6 | 20.7 |
| Profit before taxes | 1.7 | 2.5 | -0.4 | -8.4 | 8.0 | 14.3 | 17.6 | 20.9 |
| Net income | 2.2 | 3.3 | 0.3 | -8.6 | 10.4 | 16.8 | 15.9 | 17.8 |
| EPS (adj.) | 0.05 | 0.07 | -0.01 | -0.15 | 0.22 | 0.40 | 0.45 | 0.50 |
| growth-% | -71.2 % | 49.4 % | -116.1 % | 80.3 % | 10.8 % | 12.0 % | ||
| Dividend | 0.03 | 0.04 | 0.05 | 0.06 | 0.11 | 0.24 | 0.31 | 0.35 |
| Dividend ratio | 50.5 % | 42.8 % | 615.6 % | -24.9 % | 38.0 % | 51.1 % | 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 % | 21.5 % | 25.7 % | 27.9 % | 27.9 % |
| EBIT-% (adj.) | 2.7 % | 3.7 % | 0.4 % | -5.6 % | 10.6 % | 14.3 % | 15.5 % | 16.6 % |
| EBIT-% | 2.7 % | 3.7 % | 0.4 % | -9.9 % | 10.6 % | 14.3 % | 15.5 % | 16.6 % |
| ROE | 1.9 % | 2.9 % | 0.2 % | -7.7 % | 9.3 % | 13.7 % | 12.0 % | 12.7 % |
| ROI | 1.6 % | 2.3 % | 0.2 % | -5.4 % | 7.0 % | 11.3 % | 13.0 % | 14.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 5.79 | 5.30 | 3.98 | 4.81 | 6.68 | 6.68 | 6.68 | 6.68 |
| 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 | 237.0 | 237.0 | 237.0 | 237.0 |
| Enterprise value | 204.5 | 189.4 | 145.5 | 185.0 | 240.0 | 222.8 | 204.9 | 193.0 |
| EV/S | 2.6 | 2.2 | 1.8 | 2.5 | 2.8 | 2.2 | 1.8 | 1.5 |
| EV/EBITDA | 15.1 | 13.8 | 13.2 | 89.5 | 13.1 | 8.4 | 6.5 | 5.6 |
| EV/EBIT (adj.) | 97.4 | 58.5 | 427.9 | - | 26.6 | 15.1 | 11.7 | 9.3 |
| EV/EBIT | 97.4 | 58.5 | 427.9 | - | 26.6 | 15.1 | 11.7 | 9.3 |
| P/E (adj.) | 121.6 | 74.5 | - | - | 29.9 | 16.6 | 15.0 | 13.3 |
| P/E | 93.9 | 56.6 | 490.0 | - | 22.7 | 14.1 | 15.0 | 13.3 |
| P/B | 1.8 | 1.6 | 1.2 | 1.6 | 2.0 | 1.8 | 1.7 | 1.7 |
| P/S | 2.6 | 2.2 | 1.7 | 2.3 | 2.8 | 2.3 | 2.1 | 1.9 |
| Dividend yield | 0.5 % | 0.8 % | 1.3 % | 1.3 % | 1.7 % | 3.6 % | 4.7 % | 5.3 % |
| Equity ratio | 73.1 % | 72.4 % | 70.1 % | 70.1 % | 75.6 % | 79.0 % | 78.8 % | 78.5 % |
| Gearing ratio | -1.9 % | 0.2 % | 2.9 % | 13.3 % | 2.6 % | -11.1 % | -23.6 % | -30.8 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.9 | 25.7 | 75.2 | 18.2 | 19.8 | 18.8 | 28.6 | 85.3 | 20.5 |
| EBITDA | 0.3 | 0.2 | 2.1 | 3.2 | 4.2 | 3.3 | 7.6 | 18.4 | 4.0 |
| EBIT | -2.1 | -2.1 | -7.4 | 1.0 | 1.9 | 1.0 | 5.1 | 9.0 | 1.2 |
| Profit before taxes | -2.4 | -2.4 | -8.4 | 0.7 | 1.6 | 0.8 | 4.9 | 8.0 | 1.1 |
| Net income | -2.4 | -2.6 | -8.6 | 0.7 | 1.6 | 0.8 | 7.4 | 10.4 | 1.1 |
ShowingAll content types
Bittium Oyj: Bittium Corporation's Half-Year Financial Report January-June 2024
Bittium Oyj: Inside Information: Bittium Wireless Ltd, a subsidiary of Bittium Corporation and BAE Systems Signed a Framework Agreement on Bittium's Tactical Communications Offering
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