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Kongsberg Gruppen

DB:KOZ
Snowflake Description

High growth potential with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOZ
DB
NOK24B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

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. More info.


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KOZ Share Price and Events
7 Day Returns
3.9%
DB:KOZ
1.1%
Europe Aerospace & Defense
1.2%
DE Market
1 Year Returns
-26.2%
DB:KOZ
12.5%
Europe Aerospace & Defense
-11.2%
DE Market
KOZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kongsberg Gruppen (KOZ) 3.9% 12.6% 2% -26.2% - -
Europe Aerospace & Defense 1.1% 11.1% 10.4% 12.5% 55.8% 67.2%
DE Market 1.2% 2.7% 1.7% -11.2% 12% 6.1%
1 Year Return vs Industry and Market
  • KOZ underperformed the Aerospace & Defense industry which returned 12.5% over the past year.
  • KOZ underperformed the Market in Germany which returned -11.2% over the past year.
Price Volatility
KOZ
Industry
5yr Volatility vs Market

Value

 Is Kongsberg Gruppen undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kongsberg Gruppen to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kongsberg Gruppen.

DB:KOZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KOZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.755 (1 + (1- 23%) (18.29%))
0.861
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.861 * 9.77%)
8.64%

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 Kongsberg Gruppen 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
2019 2020 2021 2022 2023
Levered FCF (NOK, Millions) -3,591.00 1,390.85 1,729.35 1,663.97 1,601.07
Source Analyst x4 Analyst x5 Analyst x4 Est @ -3.78% Est @ -3.78%
Present Value
Discounted (@ 8.64%)
-3,305.37 1,178.39 1,348.64 1,194.44 1,057.87
Present value of next 5 years cash flows NOK1,473.98
DB:KOZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= NOK1,601.07 × (1 + 0.23%) ÷ (8.64% – 0.23%)
NOK19,073.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= NOK19,073.31 ÷ (1 + 8.64%)5
NOK12,602.26
DB:KOZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= NOK1,473.98 + NOK12,602.26
NOK14,076.24
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK14,076.24 / 179.95
NOK7.84
DB:KOZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KOZ represents 0.10023x of OB:KOG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10023x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 78.22 x 0.10023
€7.84
Value per share (EUR) From above. €7.84
Current discount Discount to share price of €13.21
= -1 x (€13.21 - €7.84) / €7.84
-68.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kongsberg Gruppen is above its future cash flow value.
Often investors are willing to pay a premium 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 Kongsberg Gruppen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kongsberg Gruppen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KOZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK5.56
OB:KOG Share Price ** OB (2019-02-22) in NOK NOK131.8
Europe Aerospace & Defense Industry PE Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 22.38x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kongsberg Gruppen.

DB:KOZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KOG Share Price ÷ EPS (both in NOK)

= 131.8 ÷ 5.56

23.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kongsberg Gruppen is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Kongsberg Gruppen is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Kongsberg Gruppen's expected growth come at a high price?
Raw Data
DB:KOZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
34.8%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.36x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

DB:KOZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.69x ÷ 34.8%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kongsberg Gruppen is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Kongsberg Gruppen's assets?
Raw Data
DB:KOZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK88.77
OB:KOG Share Price * OB (2019-02-22) in NOK NOK131.8
Europe Aerospace & Defense Industry PB Ratio Median Figure of 42 Publicly-Listed Aerospace & Defense Companies 2.15x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.78x
DB:KOZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KOG Share Price ÷ Book Value per Share (both in NOK)

= 131.8 ÷ 88.77

1.48x

* Primary Listing of Kongsberg Gruppen.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kongsberg Gruppen is good value based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Kongsberg Gruppen's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Kongsberg Gruppen has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kongsberg Gruppen expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kongsberg Gruppen expected to grow at an attractive rate?
  • Kongsberg Gruppen's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kongsberg Gruppen's earnings growth is expected to exceed the Germany market average.
  • Kongsberg Gruppen's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KOZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KOZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 34.8%
DB:KOZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 23.1%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KOZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KOZ Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 30,289 2,337 1,777 4
2020-12-31 27,401 2,289 1,290 5
2019-12-31 22,226 1,486 565 5
DB:KOZ Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 14,381 2,189 701
2018-09-30 13,980 2,614 626
2018-06-30 14,105 1,956 550
2018-03-31 14,323 2,374 522
2017-12-31 14,490 2,899 554
2017-09-30 14,685 1,888 552
2017-06-30 14,834 2,203 330
2017-03-31 15,226 1,441 572
2016-12-31 15,845 809 653
2016-09-30 16,460 -170 453
2016-06-30 17,041 -944 813
2016-03-31 17,138 -675 698

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
DB:KOZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Kongsberg Gruppen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KOZ Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.86 10.25 8.76 4.00
2020-12-31 7.17 9.23 5.60 5.00
2019-12-31 3.14 4.17 2.39 5.00
DB:KOZ Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 5.56
2018-09-30 5.22
2018-06-30 4.59
2018-03-31 4.35
2017-12-31 4.62
2017-09-30 4.60
2017-06-30 2.75
2017-03-31 4.77
2016-12-31 5.44
2016-09-30 3.78
2016-06-30 6.78
2016-03-31 5.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kongsberg Gruppen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kongsberg Gruppen's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kongsberg Gruppen has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kongsberg Gruppen performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kongsberg Gruppen's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kongsberg Gruppen's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Kongsberg Gruppen's 1-year earnings growth exceeds its 5-year average (26.5% vs -18.3%)
  • Kongsberg Gruppen's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (26.5% vs -4.2%).
Earnings and Revenue History
Kongsberg Gruppen's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kongsberg Gruppen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KOZ Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,381.00 701.00
2018-09-30 13,980.00 626.00 5,695.00
2018-06-30 14,105.00 550.00 5,695.00
2018-03-31 14,323.00 522.00 5,695.00
2017-12-31 14,490.00 554.00 5,695.00
2017-09-30 14,685.00 552.00 6,136.00
2017-06-30 14,834.00 330.00 6,136.00
2017-03-31 15,226.00 572.00 6,136.00
2016-12-31 15,845.00 653.00 6,136.00
2016-09-30 16,460.00 453.00 6,192.00
2016-06-30 17,041.00 813.00 6,192.00
2016-03-31 17,138.00 698.00 6,192.00
2015-12-31 17,032.00 747.00 6,192.00
2015-09-30 16,822.00 715.00 6,118.00
2015-06-30 16,804.00 857.00 6,118.00
2015-03-31 16,845.00 908.00 6,118.00
2014-12-31 16,552.00 873.00 6,118.00
2014-09-30 16,940.00 1,219.00 4,912.00
2014-06-30 16,397.00 1,153.00 4,912.00
2014-03-31 16,231.00 1,197.00 4,912.00
2013-12-31 16,323.00 1,228.00 4,912.00
2013-09-30 15,787.00 1,152.00 4,517.00
2013-06-30 16,014.00 1,244.00 4,517.00
2013-03-31 15,849.00 1,267.00 4,517.00
2012-12-31 15,652.00 1,309.00 4,517.00
2012-09-30 15,326.00 1,366.00 4,013.00
2012-06-30 15,111.00 1,362.00 4,013.00
2012-03-31 15,220.00 1,393.00 4,013.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kongsberg Gruppen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kongsberg Gruppen used its assets less efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Kongsberg Gruppen's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kongsberg Gruppen's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Kongsberg Gruppen 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kongsberg Gruppen's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

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.
Net Worth
  • 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.
Balance sheet
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 checks below.
Assets
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.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Kongsberg Gruppen Company Filings, last reported 1 month ago.

DB:KOZ Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,626.00 4,332.00 10,038.00
2018-09-30 7,164.00 3,326.00 2,990.00
2018-06-30 7,051.00 3,337.00 2,630.00
2018-03-31 7,307.00 3,340.00 2,739.00
2017-12-31 7,365.00 3,341.00 2,966.00
2017-09-30 6,918.00 3,630.00 1,639.00
2017-06-30 6,818.00 3,899.00 2,257.00
2017-03-31 6,887.00 4,090.00 2,192.00
2016-12-31 6,725.00 4,087.00 1,901.00
2016-09-30 6,684.00 4,031.00 1,249.00
2016-06-30 6,624.00 4,103.00 1,436.00
2016-03-31 6,744.00 864.00 1,368.00
2015-12-31 6,127.00 875.00 1,826.00
2015-09-30 5,892.00 882.00 2,181.00
2015-06-30 5,962.00 882.00 2,908.00
2015-03-31 6,473.00 887.00 3,761.00
2014-12-31 6,282.00 874.00 4,424.00
2014-09-30 6,906.00 855.00 3,900.00
2014-06-30 6,644.00 841.00 3,775.00
2014-03-31 7,015.00 1,327.00 4,618.00
2013-12-31 6,657.00 1,350.00 3,272.00
2013-09-30 6,275.00 1,309.00 2,376.00
2013-06-30 6,211.00 1,311.00 2,630.00
2013-03-31 6,457.00 1,313.00 2,144.00
2012-12-31 6,274.00 1,325.00 2,509.00
2012-09-30 6,117.00 1,313.00 1,880.00
2012-06-30 5,657.00 568.00 1,059.00
2012-03-31 5,830.00 568.00 1,902.00
  • Kongsberg Gruppen's level of debt (34.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.3% vs 34.3% today).
  • Debt is well covered by operating cash flow (50.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Kongsberg Gruppen's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kongsberg Gruppen has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kongsberg Gruppen's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.9%
Current annual income from Kongsberg Gruppen dividends. Estimated to be 2.68% next year.
If you bought €2,000 of Kongsberg Gruppen shares you are expected to receive €38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kongsberg Gruppen's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.54%).
  • Kongsberg Gruppen's dividend is below the markets top 25% of dividend payers in Germany (3.93%).
Upcoming dividend payment

Purchase Kongsberg Gruppen on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KOZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KOZ Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 4.25 4.00
2020-12-31 3.70 6.00
2019-12-31 2.56 4.00
DB:KOZ Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-14 2.500 1.935
2018-02-07 3.750 2.478
2017-04-05 3.750 2.719
2016-02-11 4.250 3.321
2015-04-13 4.250 3.087
2015-02-06 4.250 2.889
2014-04-04 4.250 3.118
2014-02-07 4.250 3.171
2013-05-02 3.750 3.187
2012-04-11 3.750 3.318
2012-02-10 3.750 3.202
2011-04-14 3.750 3.037
2011-02-14 3.750 2.488
2010-04-12 2.000 1.642
2010-02-19 2.000 2.020
2009-03-24 1.375 1.850
2009-02-24 1.375 1.987

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kongsberg Gruppen's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Kongsberg Gruppen's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kongsberg Gruppen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kongsberg Gruppen has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kongsberg Gruppen's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Geir Haoy
COMPENSATION NOK7,874,000
AGE 52
TENURE AS CEO 2.7 years
CEO Bio

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.

CEO Compensation
  • 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 Kongsberg Gruppen management team in years:

2.7
Average Tenure
56
Average Age
  • The tenure for the Kongsberg Gruppen management team is about average.
Management Team

Geir Haoy

TITLE
President & CEO
COMPENSATION
NOK8M
AGE
52
TENURE
2.7 yrs

Gyrid Ingerø

TITLE
Group Executive VP & CFO
COMPENSATION
NOK3M
AGE
51
TENURE
1.3 yrs

Eirik Lie

TITLE
Executive VP and President of Kongsberg Defence & Aerospace
COMPENSATION
NOK4M
AGE
57
TENURE
2.5 yrs

Even Aas

TITLE
Group Executive Vice President of Public Affairs
COMPENSATION
NOK3M
AGE
57

Egil Haugsdal

TITLE
Executive VP & President of Kongsberg Maritime
COMPENSATION
NOK5M
AGE
57
TENURE
3.5 yrs

Harald Aarø

TITLE
Group Executive Vice President of Business Development & Strategy
COMPENSATION
NOK4M
AGE
49
TENURE
3.5 yrs

Hege Skryseth

TITLE
Executive VP & President of Kongsberg Digital
COMPENSATION
NOK4M
AGE
51
TENURE
2.6 yrs

Kristin Barkost

TITLE
Vice President of Accounting
AGE
64
TENURE
9.1 yrs

Jan Erik Hoff

TITLE
Group Vice President of Investor Relations

Lene Svenne

TITLE
Corporate Compliance Officer
COMPENSATION
NOK2M
AGE
56
Board of Directors Tenure

Average tenure and age of the Kongsberg Gruppen board of directors in years:

2.8
Average Tenure
60
Average Age
  • The average tenure for the Kongsberg Gruppen board of directors is less than 3 years, this suggests a new board.
Board of Directors

Eivind Reiten

TITLE
Chairman
COMPENSATION
NOK347K
AGE
64
TENURE
1.8 yrs

Irene Basili

TITLE
Deputy Chairman
COMPENSATION
NOK254K
AGE
51
TENURE
3.8 yrs

Morten Henriksen

TITLE
Director
COMPENSATION
NOK307K
TENURE
5.8 yrs

Helge Lintvedt

TITLE
Employee Representative Director
COMPENSATION
NOK299K
AGE
61
TENURE
9.8 yrs

Anne-Grete Strom-Erichsen

TITLE
Director
COMPENSATION
NOK276K
AGE
69
TENURE
3.8 yrs

Martha Bakkevig

TITLE
Director
COMPENSATION
NOK194K
AGE
56
TENURE
1.8 yrs

Sigmund Bakke

TITLE
Employee Representative Director
COMPENSATION
NOK164K
AGE
60
TENURE
1.8 yrs

Elisabeth Fossan

TITLE
Employee Representative Director
COMPENSATION
NOK183K
AGE
51
TENURE
1.8 yrs

Ole Magnus Svarva

TITLE
Deputy Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Nov 18 Buy Hans Blokkum Individual 16. Nov 18 16. Nov 18 410 €12.25 €5,023
12. Nov 18 Buy Gyrid Ingerø Individual 12. Nov 18 12. Nov 18 3,000 €11.64 €34,930
09. Nov 18 Buy Anne-Grete Strom-Erichsen Individual 09. Nov 18 09. Nov 18 2,000 €11.83 €23,657
30. Oct 18 Buy Harald Aarø Individual 30. Oct 18 30. Oct 18 1,500 €14.25 €21,382
02. Oct 18 Buy Eirik Lie Individual 02. Oct 18 02. Oct 18 1,300 €16.49 €21,442
02. Oct 18 Buy Morten Henriksen Individual 02. Oct 18 02. Oct 18 691 €16.54 €11,426
27. Aug 18 Buy Eivind Reiten Individual 27. Aug 18 27. Aug 18 1,900 €16.41 €31,170
X
Management checks
We assess Kongsberg Gruppen's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kongsberg Gruppen has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

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.

Details
Name: Kongsberg Gruppen ASA
KOZ
Exchange: DB
Founded: 1624
NOK2,426,351,567
179,953,196
Website: http://www.kongsberg.com
Address: Kongsberg Gruppen ASA
Kirkegårdsveien 45,
Kongsberg,
Buskerud, 3616,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KOG Class A Shares Oslo Bors NO NOK 13. Dec 1993
OTCPK NSKF.F Class A Shares Pink Sheets LLC US USD 13. Dec 1993
DB KOZ Class A Shares Deutsche Boerse AG DE EUR 13. Dec 1993
LSE 0F08 Class A Shares London Stock Exchange GB NOK 13. Dec 1993
BATS-CHIXE KOGO Class A Shares BATS 'Chi-X Europe' GB NOK 13. Dec 1993
Number of employees
Current staff
Staff numbers
6,622
Kongsberg Gruppen employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 22:13
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.