Akastor ASA

OB:AKAST Stock Report

Market Cap: NOK 3.7b

Akastor Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Karl Kjelstad

Chief executive officer

NOK 8.4m

Total compensation

CEO salary percentage61.0%
CEO tenure7yrs
CEO ownership0.3%
Management average tenure3.5yrs
Board average tenure4.8yrs

Recent management updates

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Apr 10
We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Recent updates

Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News

Jul 18
Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News

Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

May 01
Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Apr 10
We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Akastor's (OB:AKAST) Returns On Capital Are Heading Higher

Dec 12
Akastor's (OB:AKAST) Returns On Capital Are Heading Higher

Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet

Jul 02
Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet

News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts

May 13
News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts

Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates

Feb 19
Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates

Is Akastor (OB:AKAST) Using Too Much Debt?

Jan 14
Is Akastor (OB:AKAST) Using Too Much Debt?

Is Akastor (OB:AKAST) Using Debt Sensibly?

Sep 15
Is Akastor (OB:AKAST) Using Debt Sensibly?

Is Akastor (OB:AKAST) A Risky Investment?

Jun 04
Is Akastor (OB:AKAST) A Risky Investment?

Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?

Jan 17
Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?

It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year

Apr 08
It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year

Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares

Mar 10
Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares

Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly

Feb 12
Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly

Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?

Jan 17
Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?

What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?

Dec 21
What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?

A Look At Akastor's (OB:AKA) Share Price Returns

Nov 30
A Look At Akastor's (OB:AKA) Share Price Returns

CEO Compensation Analysis

How has Karl Kjelstad's remuneration changed compared to Akastor's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 1b

Jun 30 2024n/an/a

NOK 1b

Mar 31 2024n/an/a

NOK 244m

Dec 31 2023NOK 8mNOK 5m

-NOK 386m

Sep 30 2023n/an/a

-NOK 548m

Jun 30 2023n/an/a

-NOK 366m

Mar 31 2023n/an/a

-NOK 219m

Dec 31 2022NOK 9mNOK 5m

-NOK 331m

Sep 30 2022n/an/a

-NOK 122m

Jun 30 2022n/an/a

-NOK 285m

Mar 31 2022n/an/a

-NOK 303m

Dec 31 2021NOK 9mNOK 5m

-NOK 221m

Sep 30 2021n/an/a

-NOK 212m

Jun 30 2021n/an/a

-NOK 176m

Mar 31 2021n/an/a

-NOK 174m

Dec 31 2020NOK 7mNOK 5m

-NOK 534m

Sep 30 2020n/an/a

-NOK 299m

Jun 30 2020n/an/a

-NOK 260m

Mar 31 2020n/an/a

-NOK 205m

Dec 31 2019NOK 7mNOK 5m

NOK 154m

Sep 30 2019n/an/a

-NOK 278m

Jun 30 2019n/an/a

-NOK 252m

Mar 31 2019n/an/a

-NOK 98m

Dec 31 2018NOK 7mNOK 5m

-NOK 194m

Compensation vs Market: Karl's total compensation ($USD741.12K) is above average for companies of similar size in the Norwegian market ($USD468.00K).

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

CEO

Karl Kjelstad (58 yo)

7yrs

Tenure

NOK 8,376,000

Compensation

Mr. Karl Erik Kjelstad serves as Director at HMH Holding Inc. since October 1, 2021. He serves as Director at HMH Holding B.V. since October 1, 2021. He is Director of Norconsult ASA from 2024.Mr. Kjelsta...

Leadership Team

NamePositionTenureCompensationOwnership
Karl Kjelstad
Chief Executive Officer7yrsNOK 8.38m0.26%
NOK 9.3m
Oyvind Paaske
Chief Financial Officer4.8yrsNOK 3.71m0.049%
NOK 1.8m
Bruce Lethuillier
Investment Director1yrno datano data
Eirik Thomassen
Executive VP & General Counselno datano datano data
Jing Taklo
Head of Financial Reporting5yrsno datano data
Kent Liane-Unsgaard
Head of Compliance3.9yrsno datano data
Christian Starberg
Senior Financial Controller3yrsno datano data
Kristin Sveen
Senior Group Controller2.7yrsno datano data
Eirik Bergsvik
Chief Executive Officer of HMH2yrsno datano data
Tom McGee
Chief Financial Officer of HMHno datano datano data
David Bratton
Senior Vice President of Finance - HMHno datano datano data

3.5yrs

Average Tenure

58yo

Average Age

Experienced Management: AKAST's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Merrill Miller
Chairman of HMH Holdingno datano datano data
Kathryn Baker
Directorno dataNOK 506.00k0.017%
NOK 609.3k
Daniel Rabun
Chairman of the Boardless than a yearno datano data
Lone Schroder
Independent Deputy Chairman14yrsNOK 861.00k0.0016%
NOK 58.8k
Frank Reite
Director2.8yrsNOK 672.00k0.073%
NOK 2.7m
Luis Antonio Araujo
Independent Director3.8yrsNOK 412.00kno data
Svein Stoknes
Director4.8yrsNOK 377.00k0.00047%
NOK 17.2k
Stian Sjolund
Director8.1yrsNOK 189.00k0.0037%
NOK 133.3k
Henning Jensen
Director7.5yrsNOK 318.00kno data
Asle Halvorsen
Director7.5yrsNOK 189.00k0.0037%
NOK 133.3k
Nanna Tollefsen
Deputy Director3.8yrsno datano data

4.8yrs

Average Tenure

62yo

Average Age

Experienced Board: AKAST's board of directors are considered experienced (4.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 05:39
End of Day Share Price 2025/01/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Akastor ASA is covered by 32 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maarten BakkerABN AMRO Bank N.V.
Thijs BerkelderABN AMRO Bank N.V.
Kjetil GarstadArctic Securities ASA