DB:36K

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Klaveness Combination Carriers

Executive Summary

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, Far East, the Middle East, Australia, Brazil, and North America.


Snowflake Analysis

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.


Market Performance


7 Day Return

10.2%

36K

-2.7%

DE Shipping

0.2%

DE Market


1 Year Return

-20.3%

36K

4.3%

DE Shipping

4.5%

DE Market

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.


Shareholder returns

36KIndustryMarket
7 Day10.2%-2.7%0.2%
30 Day7.5%1.3%6.4%
90 Day17.0%4.0%16.9%
1 Year-19.1%-20.3%5.9%4.3%6.8%4.5%
3 Yearn/a-12.5%-22.9%3.0%-5.0%
5 Yearn/a-0.3%-18.6%9.9%-4.8%

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

Valuation

Is Klaveness Combination Carriers undervalued compared to its fair value and its price relative to the market?

41.57x

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).


Next Steps

Future Growth

How is Klaveness Combination Carriers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.2%

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.


Next Steps

Past Performance

How has Klaveness Combination Carriers performed over the past 5 years?

31.3%

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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

What is Klaveness Combination Carriers's current dividend yield, its reliability and sustainability?

3.11%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Engebret Dahm (55yo)

1.5yrs

Tenure

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 ...


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Klaveness Combination Carriers ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Klaveness Combination Carriers ASA
  • Drammensveien 260
  • Oslo
  • Oslo
  • 283
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KCCOB (Oslo Bors)YesCommon SharesNONOKOct 2018
KCCOOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKOct 2018
36KDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2018

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 21:33
End of Day Share Price2020/07/13 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.