Kværner ASA provides engineering, procurement, and construction (EPC) services for offshore platforms, onshore plants, floating production units, and renewable energy solutions in Norway, Europe, Canada, and internationally. More Details
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Kværner's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KVAER is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: KVAER's weekly volatility (9%) has been stable over the past year.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: KVAER exceeded the Norwegian Energy Services industry which returned -49.2% over the past year.
Return vs Market: KVAER underperformed the Norwegian Market which returned -7.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Kværner's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StFactors Income Investors Should Consider Before Adding Kværner ASA (OB:KVAER) To Their Portfolio
4 months ago | Simply Wall StKværner ASA's (OB:KVAER) Price Is Out Of Tune With Earnings
4 months ago | Simply Wall StEarnings Beat: Kværner ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Is Kværner undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KVAER (NOK9.26) is trading below our estimate of fair value (NOK16.53)
Significantly Below Fair Value: KVAER is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KVAER is poor value based on its PE Ratio (22.5x) compared to the XE Energy Services industry average (12.2x).
PE vs Market: KVAER is poor value based on its PE Ratio (22.5x) compared to the Norwegian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: KVAER is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: KVAER is overvalued based on its PB Ratio (0.7x) compared to the NO Energy Services industry average (0.4x).
How is Kværner forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KVAER's forecast earnings growth (12.8% per year) is above the savings rate (1.6%).
Earnings vs Market: KVAER's earnings (12.8% per year) are forecast to grow slower than the Norwegian market (32.1% per year).
High Growth Earnings: KVAER's earnings are forecast to grow, but not significantly.
Revenue vs Market: KVAER's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: KVAER's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KVAER's Return on Equity is forecast to be low in 3 years time (3.1%).
How has Kværner performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KVAER has a high level of non-cash earnings.
Growing Profit Margin: KVAER's current net profit margins (1.4%) are lower than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: KVAER has become profitable over the past 5 years, growing earnings by -1.7% per year.
Accelerating Growth: KVAER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KVAER had negative earnings growth (-61.9%) over the past year, making it difficult to compare to the Energy Services industry average (-28.6%).
Return on Equity
High ROE: KVAER's Return on Equity (3.2%) is considered low.
How is Kværner's financial position?
Financial Position Analysis
Short Term Liabilities: KVAER's short term assets (NOK3.8B) exceed its short term liabilities (NOK1.9B).
Long Term Liabilities: KVAER's short term assets (NOK3.8B) exceed its long term liabilities (NOK596.0M).
Debt to Equity History and Analysis
Debt Level: KVAER is debt free.
Reducing Debt: KVAER had no debt 5 years ago.
Debt Coverage: KVAER has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KVAER has no debt, therefore coverage of interest payments is not a concern.
What is Kværner current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KVAER's dividend (5.4%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.39%).
High Dividend: KVAER's dividend (5.4%) is low compared to the top 25% of dividend payers in the Norwegian market (6.35%).
Stability and Growth of Payments
Stable Dividend: KVAER has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: KVAER has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (121.6%), KVAER's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KVAER's dividends in 3 years are not forecast to be well covered by earnings (98.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Karl-Petter Loken has been President and Chief Executive Officer of Kværner ASA since May 2018. Mr. Loken served as the Head of Project Development for the oil company Lundin Norway. From 2011 to 2015,...
CEO Compensation Analysis
Compensation vs Market: Karl-Petter's total compensation ($USD912.58K) is above average for companies of similar size in the Norwegian market ($USD460.49K).
Compensation vs Earnings: Karl-Petter's compensation has been consistent with company performance over the past year.
|President & CEO||2.5yrs||kr8.28m||0.019% |
|Senior VP of Corporate Support & General Counsel||2.58yrs||kr4.45m||0.10% |
|Senior VP & Chief of Staff||3.67yrs||kr3.28m||no data|
|Executive Vice President of EPCI||4.83yrs||kr4.07m||0.089% |
|Senior Vice President of Business Development||4.83yrs||kr4.06m||0.067% |
|Executive Vice President of Process Solutions||4.83yrs||kr3.53m||no data|
|Executive Vice President of Concrete & New Solutions||4.83yrs||kr3.39m||no data|
|Executive Vice President of Process & Structures||3.83yrs||kr4.36m||0.023% |
|Executive Vice President of FPSOs||no data||kr939.38k||0.0032% |
|Executive Vice President of Renewables||no data||kr950.16k||0.029% |
|Chief Financial Officer||0.25yr||no data||no data|
|VP of Investor Relations & Communications||no data||no data||no data|
Experienced Management: KVAER's management team is considered experienced (3.8 years average tenure).
|Director||no data||kr379.00k||no data|
|Chairman||no data||kr664.00k||0.072% |
|Independent Director||4.58yrs||kr515.00k||no data|
|Independent Director||4.58yrs||kr469.00k||no data|
|Director||2.67yrs||no data||0.072% |
|Employee Elected Director||9.42yrs||kr262.50k||0.0032% |
|Employee Elected Director||9.42yrs||kr172.50k||0.0048% |
|Deputy Director||4.58yrs||no data||no data|
|Employee Elected Director||1.5yrs||kr115.00k||0.00061% |
Experienced Board: KVAER's board of directors are considered experienced (4.6 years average tenure).
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.
Kværner ASA's company bio, employee growth, exchange listings and data sources
- Name: Kværner ASA
- Ticker: KVAER
- Exchange: OB
- Founded: 2011
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr2.491b
- Shares outstanding: 269.00m
- Website: https://www.kvaerner.com
Number of Employees
- Kværner ASA
- SnarOeyveien 20
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KVAER||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2011|
|KV7||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2011|
|0Q2S||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2011|
|KVAE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2011|
|KVAERO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2011|
Kværner ASA provides engineering, procurement, and construction (EPC) services for offshore platforms, onshore plants, floating production units, and renewable energy solutions in Norway, Europe, Canada, a...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/11 21:18|
|End of Day Share Price||2020/11/10 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.