OB:KCC

Stock Analysis Report

Klaveness Combination Carriers

Executive Summary

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway.


Snowflake Analysis

Slightly overvalued with worrying balance sheet.

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: KCC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.2%

KCC

0.3%

NO Shipping

0.2%

NO Market


1 Year Return

-16.8%

KCC

-2.1%

NO Shipping

-0.7%

NO Market

Return vs Industry: KCC underperformed the Norwegian Shipping industry which returned -2.1% over the past year.

Return vs Market: KCC underperformed the Norwegian Market which returned -0.7% over the past year.


Shareholder returns

KCCIndustryMarket
7 Day1.2%0.3%0.2%
30 Day-7.4%-3.4%-1.3%
90 Day-11.3%4.2%1.7%
1 Year-15.5%-16.8%1.3%-2.1%4.5%-0.7%
3 Yearn/a-12.8%-19.2%33.3%16.6%
5 Yearn/a-1.3%-14.1%58.2%24.1%

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

Valuation

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

49.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KCC (NOK41.6) is trading below our estimate of fair value (NOK82.35)

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


Price To Earnings Ratio

PE vs Industry: KCC is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.

PE vs Market: KCC is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KCC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KCC is overvalued based on its PB Ratio (1.1x) compared to the NO Shipping industry average (0.6x).


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?

36.0%

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?

-104.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: KCC is currently unprofitable.

Growing Profit Margin: KCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if KCC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare KCC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KCC is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-29.4%).


Return on Equity

High ROE: KCC has a negative Return on Equity (-0.22%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Klaveness Combination Carriers's financial position?


Financial Position Analysis

Short Term Liabilities: KCC's short term assets ($86.3M) exceed its short term liabilities ($29.0M).

Long Term Liabilities: KCC's short term assets ($86.3M) do not cover its long term liabilities ($212.6M).


Debt to Equity History and Analysis

Debt Level: KCC's debt to equity ratio (106.6%) is considered high.

Reducing Debt: Insufficient data to determine if KCC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: KCC has a high level of physical assets or inventory.

Debt Coverage by Assets: KCC's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KCC has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: KCC has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

0.89%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%2.8%markettop25%6.2%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: KCC's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.83%).

High Dividend: KCC's dividend (0.89%) is low compared to the top 25% of dividend payers in the Norwegian market (6.18%).


Stability and Growth of Payments

Stable Dividend: KCC is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.

Growing Dividend: KCC is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: KCC is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KCC's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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


CEO

Engebret Dahm (54yo)

1.1yrs

Tenure

0

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 been diluted in the past year, with total shares outstanding growing by 38.6%.


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: KCC
  • Exchange: OB
  • Founded: 2018
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr1.998b
  • Shares outstanding: 48.03m
  • 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
36KDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2018

Biography

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway. It operates 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 one clean petroleum products-bulk combination carrier that transports clean petroleum products and heavy liquid cargoes 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 Analysis2020/02/23 00:22
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.