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Bittium Oyj (BITTI.HE)
Oulu, FI
Based in Oulu, Finland, Bittium Oyj delivers advanced solutions in connectivity, tactical communications, and biosignal measurement and monitoring. The company equips clients in defense, security, and public safety with a full spectrum of secure communication systems. These offerings span secured smartphones, tactical radios, and wireless broadband networks, alongside critical software such as device management, encryption applications, VPN tools, and monitoring modules. Bittium's communication capabilities further extend to VoIP software, tactical IP products, and LTE access solutions. In addition to its product lines, the firm provides specialized research and development services for the wireless telecommunications, medical technology, automotive, and manufacturing sectors. Its healthcare technology division develops products and services for biosignal analysis, applied across cardiology, neurology, rehabilitation, occupational health, and sports medicine. Established in 1985 as Elektrobit Corporation before rebranding to Bittium Oyj in July 2015, the company operates internationally with a footprint in Finland, Germany, the United States, Mexico, and Singapore.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +6.99% | +5.39% | -6.38% | +10.69% | +86.44% | +21.38% | +429.32% | +734.12% | +441.54% | +484.72% | -33.90% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 1 | +1 |
| Sell | 1 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Communication Equipment: +9.8%+40.0% ★ Q4'25: +127.3% (vs Q3'24)
-
EPS growth Communication Equipment: +36.4%+200.0% ★ Q4'25: +600.0% (vs Q3'24)
-
FCF margin FCF growth · Communication Equipment: +59.0%+7.1% Q4'25: +9.3% (vs Q3'24)
-
EBIT margin Communication Equipment: +4.7%+16.7% ★ Q4'25: +28.6% (vs Q3'24)
-
ROIC Communication Equipment: +3.7%+15.3% ★ Q4'25: +47.5% (vs Q3'24)
-
Share dilution Communication Equipment: +0.0%-0.1% ★ Q4'25: +0.0% (vs Q3'24)
-
Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×0.60× Q4'25: 0.22× (vs Q3'24)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 4 EPS Ana. |
Dec 2027 4 Rev. Ana. 4 EPS Ana. |
Dec 2028 4 Rev. Ana. 4 EPS Ana. |
Dec 2029 3 Rev. Ana. 2 EPS Ana. |
Dec 2030 3 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
56.81M
est: 57.74M (-1.6%)
|
64.19M
est: 61.66M (+4.1%)
|
51.64M
est: 55.10M (-6.3%)
|
62.84M
est: 62.59M (+0.4%)
|
75.22M
est: 75.00M (+0.3%)
|
78.39M
est: 78.90M (-0.7%)
|
86.87M
est: 80.70M (+7.6%)
|
82.46M
est: 85.30M (-3.3%)
|
75.20M
est: 75.20M (+0.0%)
|
85.20M
est: 85.00M (+0.2%)
|
119.30M
est: 116.77M (+2.2%)
|
148.95M
143.57M – 152.34M
+27.6% YoY
|
178.73M
172.61M – 185.00M
+20.0% YoY
|
214.45M
211.35M – 217.55M
+20.0% YoY
|
268.34M
258.92M – 276.26M
+25.1% YoY
|
320.00M
308.77M – 329.45M
+19.3% YoY
|
| EBITDA |
7.89M
est: 5.21M (+51.5%)
|
6.57M
est: 5.56M (+18.2%)
|
-1.47M
est: 4.97M (-129.5%)
|
7.46M
est: 5.65M (+32.1%)
|
11.02M
est: 6.77M (+62.8%)
|
7.41M
est: 7.12M (+4.1%)
|
7.99M
est: 7.28M (+9.8%)
|
5.11M
est: 7.70M (-33.6%)
|
-299.0K
est: 6.78M (-104.4%)
|
17.60M
est: 10.75M (+63.7%)
|
32.90M
est: 14.77M (+122.8%)
|
18.84M
18.16M – 19.27M
+27.6% YoY
|
22.60M
21.83M – 23.40M
+20.0% YoY
|
27.12M
26.73M – 27.51M
+20.0% YoY
|
33.94M
32.74M – 34.94M
+25.1% YoY
|
40.47M
39.05M – 41.66M
+19.3% YoY
|
| EBIT |
2.31M
est: 1.34M (+71.7%)
|
3.24M
est: 1.44M (+125.3%)
|
-5.74M
est: 1.28M (-547.2%)
|
2.81M
est: 1.46M (+92.6%)
|
6.14M
est: 1.75M (+251.4%)
|
2.16M
est: 1.84M (+17.3%)
|
3.04M
est: 1.88M (+61.9%)
|
308.0K
est: 1.99M (-84.5%)
|
-4.17M
est: 1.75M (-338.1%)
|
9.00M
est: 4.35M (+107.0%)
|
19.90M
est: 5.97M (+233.2%)
|
7.62M
7.34M – 7.79M
+27.6% YoY
|
9.14M
8.83M – 9.46M
+20.0% YoY
|
10.97M
10.81M – 11.13M
+20.0% YoY
|
13.73M
13.24M – 14.13M
+25.1% YoY
|
16.37M
15.79M – 16.85M
+19.3% YoY
|
| Net Income |
541.32M
est: 2.19M (+24,641.4%)
|
3.51M
est: 2.85M (+23.1%)
|
-3.11M
est: -2.74M (-13.3%)
|
4.02M
est: 1.81M (+122.2%)
|
7.64M
est: 5.86M (+30.6%)
|
2.18M
est: 3.19M (-31.7%)
|
3.32M
est: 1.95M (+70.3%)
|
253.0K
est: 177.4K (+42.6%)
|
-5.43M
est: -2.13M (-155.1%)
|
7.30M
est: 7.59M (-3.8%)
|
21.30M
est: 18.34M (+16.1%)
|
25.40M
22.25M – 27.64M
+38.5% YoY
|
33.85M
28.71M – 40.67M
+33.3% YoY
|
41.33M
36.02M – 44.76M
+22.1% YoY
|
55.68M
53.14M – 57.82M
+34.7% YoY
|
66.63M
63.59M – 69.19M
+19.7% YoY
|
| SGA |
1.89M
est: 1.94M (-2.4%)
|
2.43M
est: 2.07M (+17.6%)
|
2.63M
est: 1.85M (+41.9%)
|
3.08M
est: 2.10M (+46.6%)
|
2.99M
est: 2.52M (+18.7%)
|
1.64M
est: 2.65M (-38.1%)
|
5.81M
est: 2.71M (+114.4%)
|
6.60M
est: 2.86M (+130.7%)
|
—
est: 2.52M (-100.0%)
|
—
est: 2.50M (-100.0%)
|
—
est: 3.43M (-100.0%)
|
4.38M
4.22M – 4.48M
+27.6% YoY
|
5.25M
5.07M – 5.44M
+20.0% YoY
|
6.30M
6.21M – 6.39M
+20.0% YoY
|
7.88M
7.61M – 8.12M
+25.1% YoY
|
9.40M
9.07M – 9.68M
+19.3% YoY
|
| EPS |
4.71
est: 0.06 (+7,539.2%)
|
0.10
est: 0.08 (+22.1%)
|
-0.09
est: -0.08 (-12.7%)
|
0.11
est: 0.05 (+115.5%)
|
0.21
est: 0.17 (+27.3%)
|
0.06
est: 0.09 (-32.1%)
|
0.09
est: 0.06 (+69.3%)
|
0.01
est: 0.01 (+42.0%)
|
-0.15
est: -0.06 (-150.0%)
|
0.20
est: 0.22 (-7.0%)
|
0.60
est: 0.52 (+15.9%)
|
0.72
0.63 – 0.78
+39.4% YoY
|
0.92
0.81 – 1.15
+27.0% YoY
|
1.15
1.02 – 1.26
+25.2% YoY
|
1.57
1.50 – 1.63
+37.0% YoY
|
1.88
1.79 – 1.95
+19.7% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | B | 3/5 | 2/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-29 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-28 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-27 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-24 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-23 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-22 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-21 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-20 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-17 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-16 | B | 3/5 | 2/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Finland ETF EFNL | 0.54% | 1.34M | 0.53% |
| 2 | WisdomTree Europe Defence UCITS ETF - EUR Acc WDEF.L | 0.28% | 13.88M | 0.40% |
| 3 | UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE | 0.16% | 1.19M | 0.33% |
| 4 | iShares MSCI EMU Small Cap UCITS ETF CES1.L | 0.15% | 1.55M | 0.58% |
| 5 | Global X - Defense Tech ETF SHLD | 0.15% | 10.20M | 0.50% |
| 6 | Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L | 0.07% | 2.31M | 0.30% |
| 7 | iShares MSCI Europe Small-Cap ETF IEUS | 0.06% | 104.1K | 0.41% |
| 8 | Avantis International Small Cap Equity ETF AVDS | 0.04% | 136.1K | 0.30% |
| 9 | Avantis International Small Cap Value ETF AVDV | 0.03% | 6.15M | 0.36% |
| 10 | iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ | 0.03% | 57.8K | 0.83% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Lieutenant General Raimo Jyvasjarvi | Advisor & Director | 24.1K | — |
| Petri Toljamo | Chief Executive Officer | 6.4K | male |
| Jari Inget | Vice President of Engineering Services Business Segment & Member of Management Group | — | male |
| Juha Hulkko | Founder | — | male |
| Kari Tapio Jokela | Chief Legal Officer & Member of Management Group | — | male |
| Karoliina Malmi | Vice President of Communications & Sustainability and Member of Management Group | — | female |
| Niina Huikuri | Senior VP of Medical Business Segment & Member of Management Group | — | female |
| Petri Hiljanen | Chief Financial Officer & Member of Management Board | — | male |
| Teemu Hannula | VP of Operations & Member of Management Group | — | male |
| Andreas Heim | Executive Vice President of Operations | — | male |
| Tommi Kangas | Senior Vice President of Defense & Security and Member of Management Group | — | male |
| Erik Ahnger | Vice President of Business Development & Member of Management Board | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BITTI.HE
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
