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NKR

Nekkar OB:NKR Stock Report

Last Price

kr6.42

Market Cap

kr685.5m

7D

0.9%

1Y

-32.6%

Updated

03 Oct, 2022

Data

Company Financials
NKR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

NKR Stock Overview

Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions.

Nekkar Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nekkar
Historical stock prices
Current Share Pricekr6.42
52 Week Highkr11.54
52 Week Lowkr5.90
Beta0.72
1 Month Change-19.75%
3 Month Change-17.48%
1 Year Change-32.56%
3 Year Change116.16%
5 Year Change62.53%
Change since IPO-76.22%

Recent News & Updates

Sep 05
Why Nekkar's (OB:NKR) Shaky Earnings Are Just The Beginning Of Its Problems

Why Nekkar's (OB:NKR) Shaky Earnings Are Just The Beginning Of Its Problems

Nekkar ASA's ( OB:NKR ) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that along...

Jun 14
Here's Why I Think Nekkar (OB:NKR) Might Deserve Your Attention Today

Here's Why I Think Nekkar (OB:NKR) Might Deserve Your Attention Today

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

NKRNO MachineryNO Market
7D0.9%8.4%2.0%
1Y-32.6%-25.7%-3.5%

Return vs Industry: NKR underperformed the Norwegian Machinery industry which returned -25.9% over the past year.

Return vs Market: NKR underperformed the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is NKR's price volatile compared to industry and market?
NKR volatility
NKR Average Weekly Movement3.8%
Machinery Industry Average Movement7.5%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: NKR is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NKR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196671Ole Hansenhttps://www.nekkar.com

Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions. The company offers shipyard solutions, including Syncrolift shiplift and transfer systems for launching and retrievals of vessels, as well as fast and reliable way of moving vessels around the yard; and FastDocking products for efficient operations during docking and maintenance of vessels. It also offers service and upgrades, shiplift and transfer systems maintenance, spare replacements, and upgrades of small and larger components.

Nekkar Fundamentals Summary

How do Nekkar's earnings and revenue compare to its market cap?
NKR fundamental statistics
Market Capkr685.49m
Earnings (TTM)kr78.91m
Revenue (TTM)kr449.14m

8.7x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NKR income statement (TTM)
Revenuekr449.14m
Cost of Revenuekr227.51m
Gross Profitkr221.63m
Other Expenseskr142.73m
Earningskr78.91m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 24, 2022

Earnings per share (EPS)0.74
Gross Margin49.35%
Net Profit Margin17.57%
Debt/Equity Ratio0%

How did NKR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NKR 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/Revenue1.2x
Enterprise Value/EBITDA5.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

NKR PE Ratio vs Peers
The above table shows the PE ratio for NKR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.4x
HAV HAV Group
9x26.6%kr322.9m
ENDUR Endúr
22.9xn/akr675.5m
PHLY Philly Shipyard
6.3xn/akr588.4m
HYARD Havyard Group
19.7xn/akr265.8m
NKR Nekkar
8.7xn/akr685.5m

Price-To-Earnings vs Peers: NKR is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does NKR's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: NKR is good value based on its Price-To-Earnings Ratio (8.7x) compared to the European Machinery industry average (13.8x)


Price to Earnings Ratio vs Fair Ratio

What is NKR'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.

NKR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NKR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate NKR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NKR's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.5%

Forecasted Capital Goods 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 Nekkar 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.


Discover growth companies

  • Examine Nekkar's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Nekkar competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Nekkar performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


55.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NKR has a high level of non-cash earnings.

Growing Profit Margin: NKR's current net profit margins (17.6%) are lower than last year (26.8%).


Past Earnings Growth Analysis

Earnings Trend: NKR has become profitable over the past 5 years, growing earnings by 55.2% per year.

Accelerating Growth: NKR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NKR had negative earnings growth (-33.7%) over the past year, making it difficult to compare to the Machinery industry average (22.7%).


Return on Equity

High ROE: NKR's Return on Equity (23.7%) is considered high.


Discover strong past performing companies

Financial Health

How is Nekkar'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: NKR's short term assets (NOK371.9M) exceed its short term liabilities (NOK131.6M).

Long Term Liabilities: NKR's short term assets (NOK371.9M) exceed its long term liabilities (NOK4.1M).


Debt to Equity History and Analysis

Debt Level: NKR is debt free.

Reducing Debt: NKR has no debt compared to 5 years ago when its debt to equity ratio was 80.7%.

Debt Coverage: NKR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NKR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Nekkar current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Nekkar Dividend Yield vs Market
How does Nekkar dividend yield compare to the market?
SegmentDividend Yield
Company (Nekkar)0%
Market Bottom 25% (NO)3.7%
Market Top 25% (NO)7.7%
Industry Average (Machinery)3.0%
Analyst forecast in 3 Years (Nekkar)n/a

Notable Dividend: Unable to evaluate NKR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NKR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NKR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NKR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: NKR is not paying a notable dividend for the Norwegian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NKR has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.8yrs

Average management tenure


CEO

Ole Hansen

0.25yr

Tenure

Mr. Ole Falk Hansen serves as the Director at Northern Ocean Ltd. He has industry experience, which includes working as a consultant for Mckinsey and Company with focus on the energy industry as well as se...


Leadership Team

Experienced Management: NKR's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: NKR's board of directors are considered experienced (6.3 years average tenure).


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

OB:NKR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
03 Dec 21Buykr1,359,000Trym SkeieIndividual150,000kr9.06
03 Dec 21Sellkr1,359,000Rolf-Atle TomassenIndividual150,000kr9.06

Ownership Breakdown

What is the ownership structure of NKR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,931,5943.7%
VC/PE Firms7,500,0007.0%
General Public17,297,70316.2%
Institutions28,168,64326.4%
Private Companies49,875,76246.7%

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


Top Shareholders

Top 25 shareholders own 83.53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.88%
Skeie Technology AS
26,568,237NOK170.6m0%no data
10.78%
Rasmussengruppen AS
11,512,506NOK73.9m0%no data
7.02%
Tigerstaden AS
7,500,000NOK48.2m-2.42%14.38%
5.34%
MP Pensjon
5,698,803NOK36.6m-1.19%0.74%
5.21%
Avanza Fonder AB
5,564,893NOK35.7m-6.82%0.11%
4.6%
Skeie Capital Investment AS
4,907,586NOK31.5m0%100%
4.12%
Nordnet AB (publ), Asset Management Arm
4,400,268NOK28.2m84.77%0.49%
2.92%
Vinterstua As
3,114,682NOK20.0m51.93%no data
2.14%
Morgan Stanley, Investment Banking and Brokerage Investments
2,281,277NOK14.6m0%no data
2.02%
DNB Asset Management AS
2,160,113NOK13.9m0%no data
1.56%
Trym Skeie
1,669,970NOK10.7m2.27%no data
1.41%
Skeie Consultants AS
1,507,243NOK9.7m0%no data
1.38%
Itlution As
1,475,261NOK9.5m0%no data
1.36%
Hatle As
1,447,833NOK9.3m96.59%no data
1.14%
Roger Sedal
1,220,000NOK7.8m0%no data
0.98%
Einar Pedersen
1,041,624NOK6.7m0%no data
0.94%
Nawa Invest As
1,000,000NOK6.4m0%no data
0.94%
Tigergutt Invest AS
1,000,000NOK6.4m0%no data
0.75%
Guttis AS
800,000NOK5.1m-20%no data
0.73%
Citigroup Inc.,Banking and Securities Investments
776,482NOK5.0m0%no data
0.7%
BNY Mellon Asset Management
750,380NOK4.8m0%no data
0.7%
Alden AS
750,000NOK4.8m0%no data
0.66%
Merrill Lynch & Co. Inc., Banking Investments
707,091NOK4.5m0%no data
0.66%
Avant AS
700,000NOK4.5m0%no data
0.59%
Handelsbanken Asset Management
628,914NOK4.0m-74.66%no data

Company Information

Nekkar ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Nekkar ASA
  • Ticker: NKR
  • Exchange: OB
  • Founded: 1966
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: kr685.487m
  • Shares outstanding: 106.77m
  • Website: https://www.nekkar.com

Number of Employees


Location

  • Nekkar ASA
  • Andøyfaret 15
  • Kristiansand
  • Vest-Agder
  • 4623
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NKROB (Oslo Bors)YesOrdinary SharesNONOKMay 1995
0MQCLSE (London Stock Exchange)YesOrdinary SharesGBNOKMay 1995
0TTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1995
NKROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
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.