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KOG

Kongsberg Gruppen OB:KOG Stock Report

Last Price

kr324.40

Market Cap

kr57.5b

7D

-2.4%

1Y

46.0%

Updated

24 Jun, 2022

Data

Company Financials +
KOG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends4/6

KOG Stock Overview

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets.

Kongsberg Gruppen Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Kongsberg Gruppen
Historical stock prices
Current Share Pricekr324.40
52 Week Highkr421.60
52 Week Lowkr219.80
Beta0.43
1 Month Change-6.46%
3 Month Change-9.23%
1 Year Change46.00%
3 Year Change172.15%
5 Year Change143.91%
Change since IPO4,035.79%

Recent News & Updates

Jun 15
Investors Will Want Kongsberg Gruppen's (OB:KOG) Growth In ROCE To Persist

Investors Will Want Kongsberg Gruppen's (OB:KOG) Growth In ROCE To Persist

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...

Jun 01
Kongsberg Gruppen (OB:KOG) Could Easily Take On More Debt

Kongsberg Gruppen (OB:KOG) Could Easily Take On More Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

KOGNO Aerospace & DefenseNO Market
7D-2.4%0.4%-3.4%
1Y46.0%0.6%3.2%

Return vs Industry: KOG exceeded the Norwegian Aerospace & Defense industry which returned -2.1% over the past year.

Return vs Market: KOG exceeded the Norwegian Market which returned 3.4% over the past year.

Price Volatility

Is KOG's price volatile compared to industry and market?
KOG volatility
KOG Average Weekly Movement7.1%
Aerospace & Defense Industry Average Movement5.3%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.8%
10% least volatile stocks in NO Market3.9%

Stable Share Price: KOG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KOG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
181411,285Geir Haoyhttps://www.kongsberg.com

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments, Kongsberg Maritime (KM), and Kongsberg Defence & Aerospace(KDA), and Kongsberg Digital (KDI). The KM segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.

Kongsberg Gruppen Fundamentals Summary

How do Kongsberg Gruppen's earnings and revenue compare to its market cap?
KOG fundamental statistics
Market Capkr57.46b
Earnings (TTM)kr2.13b
Revenue (TTM)kr28.13b

26.9x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOG income statement (TTM)
Revenuekr28.13b
Cost of Revenuekr10.31b
Gross Profitkr17.82b
Other Expenseskr15.68b
Earningskr2.13b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 13, 2022

Earnings per share (EPS)12.05
Gross Margin63.34%
Net Profit Margin7.59%
Debt/Equity Ratio17.7%

How did KOG perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KOG?

Other financial metrics that can be useful for relative valuation.

KOG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA15.6x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does KOG's PE Ratio compare to its peers?

KOG PE Ratio vs Peers
The above table shows the PE ratio for KOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average73.6x

Price-To-Earnings vs Peers: KOG is good value based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (73.6x).


Price to Earnings Ratio vs Industry

How does KOG's PE Ratio compare vs other companies in the Aerospace & Defense Industry?

Price-To-Earnings vs Industry: KOG is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the European Aerospace & Defense industry average (22.8x)


Price to Earnings Ratio vs Fair Ratio

What is KOG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.9x
Fair PE Ratio29.1x

Price-To-Earnings vs Fair Ratio: KOG is good value based on its Price-To-Earnings Ratio (26.9x) compared to the estimated Fair Price-To-Earnings Ratio (29.1x).


Share Price vs Fair Value

What is the Fair Price of KOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOG (NOK324.4) is trading below our estimate of fair value (NOK680.38)

Significantly Below Fair Value: KOG is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: KOG is poor value based on its PEG Ratio (1.9x)


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOG's forecast earnings growth (14.3% per year) is above the savings rate (1.1%).

Earnings vs Market: KOG's earnings (14.3% per year) are forecast to grow faster than the Norwegian market (1.5% per year).

High Growth Earnings: KOG's earnings are forecast to grow, but not significantly.

Revenue vs Market: KOG's revenue (8.7% per year) is forecast to grow faster than the Norwegian market (0.2% per year).

High Growth Revenue: KOG's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KOG's Return on Equity is forecast to be high in 3 years time (26%)


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Past Performance

How has Kongsberg Gruppen performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KOG has high quality earnings.

Growing Profit Margin: KOG's current net profit margins (7.6%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: KOG's earnings have grown significantly by 34.9% per year over the past 5 years.

Accelerating Growth: KOG's earnings growth over the past year (28.7%) is below its 5-year average (34.9% per year).

Earnings vs Industry: KOG earnings growth over the past year (28.7%) exceeded the Aerospace & Defense industry 13.3%.


Return on Equity

High ROE: KOG's Return on Equity (16.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Kongsberg Gruppen's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KOG's short term assets (NOK24.8B) exceed its short term liabilities (NOK19.1B).

Long Term Liabilities: KOG's short term assets (NOK24.8B) exceed its long term liabilities (NOK6.6B).


Debt to Equity History and Analysis

Debt Level: KOG has more cash than its total debt.

Reducing Debt: KOG's debt to equity ratio has reduced from 59.4% to 17.7% over the past 5 years.

Debt Coverage: KOG's debt is well covered by operating cash flow (158.1%).

Interest Coverage: KOG's interest payments on its debt are well covered by EBIT (20x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KOG's dividend (4.72%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.82%).

High Dividend: KOG's dividend (4.72%) is low compared to the top 25% of dividend payers in the Norwegian market (7.24%).


Stability and Growth of Payments

Stable Dividend: KOG's dividend payments have been volatile in the past 10 years.

Growing Dividend: KOG's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.5%), KOG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89.9%), KOG's dividend payments are covered by cash flows.


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Management

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

5.8yrs

Average management tenure


CEO

Geir Haoy (55 yo)

6yrs

Tenure

kr10,565,000

Compensation

Mr. Geir Haoy has been the Chief Executive Officer and President of Kongsberg Gruppen ASA since June, 2016. Mr. Haoy Joined Kongsberg Gruppen ASA in June 1993. He has been the Chief Executive Officer of K...


CEO Compensation Analysis

Compensation vs Market: Geir's total compensation ($USD1.07M) is about average for companies of similar size in the Norwegian market ($USD1.06M).

Compensation vs Earnings: Geir's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KOG's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: KOG's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KOG 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

Kongsberg Gruppen ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Kongsberg Gruppen ASA
  • Ticker: KOG
  • Exchange: OB
  • Founded: 1814
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: kr57.461b
  • Shares outstanding: 177.13m
  • Website: https://www.kongsberg.com

Number of Employees


Location

  • Kongsberg Gruppen ASA
  • KirkegArdsveien 45
  • Kongsberg
  • Buskerud
  • 3616
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.