Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, Far East, the Middle East, Australia, Brazil, and North America.
Questionable track record unattractive dividend payer.
Share Price & News
How has Klaveness Combination Carriers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 36K's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 36K underperformed the German Shipping industry which returned 5.3% over the past year.
Return vs Market: 36K underperformed the German Market which returned 3.9% over the past year.
Price Volatility Vs. Market
How volatile is Klaveness Combination Carriers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Klaveness Combination Carriers undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 36K (€3.58) is trading above our estimate of fair value (€1.47)
Significantly Below Fair Value: 36K is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 36K is poor value based on its PE Ratio (41.6x) compared to the XE Shipping industry average (15.7x).
PE vs Market: 36K is poor value based on its PE Ratio (41.6x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 36K's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 36K is overvalued based on its PB Ratio (0.9x) compared to the XE Shipping industry average (0.7x).
How is Klaveness Combination Carriers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Transportation industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Klaveness Combination Carriers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of 36K’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Klaveness Combination Carriers competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
How has Klaveness Combination Carriers performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 36K has a high level of non-cash earnings.
Growing Profit Margin: 36K's current net profit margins (3.7%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 36K's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare 36K's past year earnings growth to its 5-year average.
Earnings vs Industry: 36K earnings growth over the past year (31.3%) exceeded the Shipping industry -5.1%.
Return on Equity
High ROE: 36K's Return on Equity (2.7%) is considered low.
How is Klaveness Combination Carriers's financial position?
Financial Position Analysis
Short Term Liabilities: 36K's short term assets ($106.0M) exceed its short term liabilities ($37.1M).
Long Term Liabilities: 36K's short term assets ($106.0M) do not cover its long term liabilities ($240.4M).
Debt to Equity History and Analysis
Debt Level: 36K's debt to equity ratio (118.5%) is considered high.
Reducing Debt: Insufficient data to determine if 36K's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 36K's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: 36K's interest payments on its debt are not well covered by EBIT (1.5x coverage).
What is Klaveness Combination Carriers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 36K's dividend (3.11%) is higher than the bottom 25% of dividend payers in the German market (1.24%).
High Dividend: 36K's dividend (3.11%) is low compared to the top 25% of dividend payers in the German market (3.82%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 36K's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 36K's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.7%), 36K's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Engebret Dahm (55yo)
Mr. Engebret Dahm has been Head of Combination Carriers of Rederiaksjeselskapet Torvald Klaveness since January 2015. Mr. Dahm has been Chief Executive Officer at Klaveness Combination Carriers AS. since 2 ...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Klaveness Combination Carriers ASA's company bio, employee growth, exchange listings and data sources
- Name: Klaveness Combination Carriers ASA
- Ticker: 36K
- Exchange: DB
- Founded: 2018
- Industry: Marine
- Sector: Transportation
- Market Cap: kr1.734b
- Listing Market Cap: kr162.795m
- Shares outstanding: 48.02m
- Website: https://www.combinationcarriers.com
- Klaveness Combination Carriers ASA
- Drammensveien 260
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KCC||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Oct 2018|
|KCCO||OM (OMX Nordic Exchange Stockholm)||Yes||Common Shares||SE||SEK||Oct 2018|
|36K||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2018|
Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, Far East, the Middle East, Australia, Brazil, and North America. As of December 31, 2019, it operated nine specialized caustic-bulk combination carriers to transport caustic soda solutions (CSS), floating fertilizers, and molasses, as well as various types of dry bulk commodities; and three clean petroleum products-bulk combination carrier that transports clean petroleum products and heavy liquid cargoes such as, CSS, as well as various types of dry bulk products. The company was founded in 2018 and is headquartered in Oslo, Norway. Klaveness Combination Carriers ASA is a subsidiary of Klaveness Ship Holding AS.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 21:33|
|End of Day Share Price||2020/07/13 00:00|
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.