Kongsberg Gruppen ASA, together with its subsidiaries, provides technology systems and solutions to customers in the oil and gas, merchant marine, fisheries, and defense and aerospace industries.
The last earnings update was 9 days ago.
Discounted Cash Flow Calculation for DB:KOZ using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method. We use
analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
DB:KOZ DCF 1st Stage: Next 5 year cash flow forecast
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Kongsberg Gruppen's earnings available for a low price, and how does
this compare to other companies in the same industry?
Kongsberg Gruppen's earnings are expected to grow significantly at over 20% yearly.
Kongsberg Gruppen's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Kongsberg Gruppen's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Aerospace & Defense
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Kongsberg Gruppen's finances.
The net worth of a company is the difference between its assets and liabilities.
Kongsberg Gruppen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Kongsberg Gruppen's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Kongsberg Gruppen's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 4.3x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Geir Haoy has been the Chief Executive Officer and President of Kongsberg Gruppen ASA since June, 2016. Mr. Haoy has been the Chief Executive Officer of Kongsberg Maritime AS since June 6, 2016. He served as President of Kongsberg Maritime Engineering AS. Mr. Haoy served as the Chief Executive Officer of Kongsberg Maritime AS and has been its President since October 01, 2010 and served as its Executive Vice President of Global Customer Support. Mr. Haoy served as an Executive Vice President at Kongsberg Gruppen ASA. Mr. Haoy has been with Kongsberg for 17 years. He has broad international experience from different positions in Kongsberg Maritime. He served as Head of activities in Singapore and in Busan, South-Korea at Kongsberg Maritime. Mr. Haoy holds a Diploma of Marine Electronics Engineering from Vestfold University College, Faculty of Technology and Maritime Sciences in 1989.
Geir's compensation has increased by more than 20% in the past year.
Geir's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Kongsberg Gruppen management team is about average.
President & CEO
Group Executive VP & CFO
Executive VP and President of Kongsberg Defence & Aerospace
Group Executive Vice President of Public Affairs
Executive VP & President of Kongsberg Maritime
Group Executive Vice President of Business Development & Strategy
Executive VP & President of Kongsberg Digital
Vice President of Accounting
Jan Erik Hoff
Group Vice President of Investor Relations
Corporate Compliance Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Kongsberg Gruppen board of directors is less than 3 years, this suggests a new board.
Kongsberg Gruppen ASA, together with its subsidiaries, provides technology systems and solutions to customers in the oil and gas, merchant marine, fisheries, and defense and aerospace industries. The company operates in two segments, Kongsberg Maritime; and Kongsberg Defence & Aerospace. The Kongsberg Maritime segment provides products and systems for positioning, monitoring, navigation, and automation for merchant vessels and the offshore industry, as well as back-deck handling equipment for use on offshore vessels. The Kongsberg Defence & Aerospace segment supplies defense and space-related systems and products for command and control, weapons guidance and surveillance, communications solutions, weapon systems, and missiles. This segment also manufactures and maintains PROTECTOR Remote Weapon Station, a remote-controlled weapon station for vehicles. The company primarily operates in Norway, rest of Europe, North America, Central and South America, Australia, Africa, and Asia. Kongsberg Gruppen ASA was founded in 1624 and is headquartered in Kongsberg, Norway.
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