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Bittium
7.02
EUR
+2.03 %
BITTI
NASDAQ Helsinki
Telecommunications
Technology
7,742 following
+2.03%
0%
-3.31%
+1.15%
+45.95%
+73.33%
+36.84%
+11.08%
-54.13%
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)
31.81
EV/EBIT (adj.) (24e)
28.78
EV/S (24e)
3.04
Dividend yield-% (24e)
1.42 %
Target price
7.50 EUR
Recommendation
Accumulate
Updated
10.11.2024
NASDAQ Helsinki
BITTI
Daily low / high price
6.86 / 7.02
EUR
Market cap
250.63M EUR
Turnover
53.06K EUR
Volume
7.6K
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
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Erkki Veikkolainen | 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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Forum updates
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 % |
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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 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 5.79 | 5.30 | 3.98 | 4.81 | 7.02 | 7.02 | 7.02 | 7.02 |
| 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 | 249.1 | 249.1 | 249.1 | 249.1 |
| Enterprise value | 204.5 | 189.4 | 145.5 | 185.0 | 258.4 | 244.8 | 228.0 | 208.3 |
| 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 | 15.0 | 9.5 | 7.4 | 6.1 |
| EV/EBIT (adj.) | 97.4 | 58.5 | 427.9 | - | 28.8 | 17.6 | 13.7 | 10.4 |
| EV/EBIT | 97.4 | 58.5 | 427.9 | - | 28.8 | 17.6 | 13.7 | 10.4 |
| P/E (adj.) | 121.6 | 74.5 | - | - | 31.8 | 18.4 | 16.7 | 14.5 |
| P/E | 121.6 | 74.5 | - | - | 31.8 | 18.4 | 16.7 | 14.5 |
| 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 % | 4.8 % |
| 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 % |
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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 |
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ShowingAll content types
Bittium Oyj: Inside Information: Finnish Defence Forces Authorized to Start Serial Procurement of Bittium Tough SDR™ Tactical Radios from Bittium Wireless Ltd, a Subsidiary of Bittium Corporation
Bittium Oyj: Bittium Corporation's Business Review January-September 2024
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Bittium Oyj: The Board of Directors of Bittium Corporation Has Decided on the Distribution of Extraordinary Dividend
Bittium Oyj: Change in Bittium Corporation's Management Group
Bittium, Q2'24
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
Bittium Oyj: Change in Bittium Corporation's Management Group
Bittium: Is this time different?
