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Klaveness Combination Carriers

OB:KCC
Snowflake Description

Slightly overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KCC
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Klaveness Combination Carriers has significant price volatility in the past 3 months.
KCC Share Price and Events
7 Day Returns
-6.6%
OB:KCC
-1.9%
NO Shipping
-1.4%
NO Market
1 Year Returns
-
OB:KCC
-27.8%
NO Shipping
-9.6%
NO Market
KCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klaveness Combination Carriers (KCC) -6.6% -24.1% - - - -
NO Shipping -1.9% -10.4% -11.2% -27.8% 3.2% -42.7%
NO Market -1.4% -3.8% -7.9% -9.6% 28.1% 7.3%
1 Year Return vs Industry and Market
  • No trading data on KCC.
  • No trading data on KCC.
Price Volatility
Industry
5yr Volatility vs Market

KCC Value

 Is Klaveness Combination Carriers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Klaveness Combination Carriers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Klaveness Combination Carriers.

OB:KCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:KCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.693 (1 + (1- 23%) (75.66%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.064 * 5.96%)
8.1%

Discounted Cash Flow Calculation for OB:KCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Klaveness Combination Carriers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:KCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.1%)
2019 25.26 Est @ 4.21% 23.37
2020 26.14 Est @ 3.47% 22.37
2021 26.92 Est @ 2.96% 21.31
2022 27.62 Est @ 2.6% 20.22
2023 28.26 Est @ 2.35% 19.14
2024 28.88 Est @ 2.17% 18.09
2025 29.47 Est @ 2.05% 17.08
2026 30.05 Est @ 1.96% 16.11
2027 30.62 Est @ 1.9% 15.19
2028 31.19 Est @ 1.86% 14.31
Present value of next 10 years cash flows $187.19
OB:KCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $31.19 × (1 + 1.76%) ÷ (8.1% – 1.76%)
$500.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $500.30 ÷ (1 + 8.1%)10
$229.53
OB:KCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $187.19 + $229.53
$416.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $416.72 / 47.88
$8.7
OB:KCC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:KCC)
8.735
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $8.7 x 8.735
NOK76.02
Value per share (NOK) From above. NOK76.02
Current discount Discount to share price of NOK42.50
= -1 x (NOK42.50 - NOK76.02) / NOK76.02
44.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Klaveness Combination Carriers is available for.
Intrinsic value
44%
Share price is NOK42.5 vs Future cash flow value of NOK76.02
Current Discount Checks
For Klaveness Combination Carriers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Klaveness Combination Carriers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Klaveness Combination Carriers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Klaveness Combination Carriers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klaveness Combination Carriers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:KCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.11
OB:KCC Share Price ** OB (2019-06-18) in NOK NOK42.5
OB:KCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.114 $4.87
Norway Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 10.37x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Klaveness Combination Carriers.

OB:KCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KCC Share Price ÷ EPS (both in USD)

= 4.87 ÷ 0.11

43.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klaveness Combination Carriers is overvalued based on earnings compared to the NO Shipping industry average.
  • Klaveness Combination Carriers is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Klaveness Combination Carriers's expected growth come at a high price?
Raw Data
OB:KCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.6%per year
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.51x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.85x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Klaveness Combination Carriers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Klaveness Combination Carriers's assets?
Raw Data
OB:KCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.43
OB:KCC Share Price * OB (2019-06-18) in NOK NOK42.5
OB:KCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.114 $4.87
Norway Shipping Industry PB Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.55x
Norway Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.07x
OB:KCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KCC Share Price ÷ Book Value per Share (both in USD)

= 4.87 ÷ 4.43

1.1x

* Primary Listing of Klaveness Combination Carriers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klaveness Combination Carriers is overvalued based on assets compared to the NO Shipping industry average.
X
Value checks
We assess Klaveness Combination Carriers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Klaveness Combination Carriers has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KCC Future Performance

 How is Klaveness Combination Carriers expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Klaveness Combination Carriers, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klaveness Combination Carriers expected to grow at an attractive rate?
  • Klaveness Combination Carriers's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Klaveness Combination Carriers's earnings growth is positive but not above the Norway market average.
  • Unable to compare Klaveness Combination Carriers's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:KCC Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:KCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.6%
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 40.5%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:KCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:KCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 117 24 4
2018-12-31 102 28 8
2018-09-30 87 26 11
2017-12-31 46 25 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Klaveness Combination Carriers's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Klaveness Combination Carriers is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:KCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Klaveness Combination Carriers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:KCC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.11
2018-12-31 0.23
2018-09-30 0.37
2017-12-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Klaveness Combination Carriers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Klaveness Combination Carriers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Klaveness Combination Carriers has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KCC Past Performance

  How has Klaveness Combination Carriers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Klaveness Combination Carriers's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if Klaveness Combination Carriers's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Klaveness Combination Carriers's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Klaveness Combination Carriers's 1-year earnings growth is negative, it can't be compared to the NO Shipping industry average.
Earnings and Revenue History
Klaveness Combination Carriers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Klaveness Combination Carriers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:KCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 117.02 4.41 4.52
2018-12-31 101.82 7.98 3.92
2018-09-30 87.40 10.83 3.06
2017-12-31 46.24 2.09 1.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Klaveness Combination Carriers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Klaveness Combination Carriers used its assets less efficiently than the NO Shipping industry average last year based on Return on Assets.
  • Unable to establish if Klaveness Combination Carriers improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Klaveness Combination Carriers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Klaveness Combination Carriers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KCC Health

 How is Klaveness Combination Carriers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Klaveness Combination Carriers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Klaveness Combination Carriers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Klaveness Combination Carriers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Klaveness Combination Carriers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Klaveness Combination Carriers Company Filings, last reported 2 months ago.

OB:KCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 177.91 176.27 73.91
2018-12-31 178.09 146.12 88.73
2018-09-30 134.56 142.78 42.64
2017-12-31 173.31 116.82 51.54
  • Klaveness Combination Carriers's level of debt (98.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Klaveness Combination Carriers's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Klaveness Combination Carriers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Klaveness Combination Carriers has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KCC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.72%
Current annual income from Klaveness Combination Carriers dividends.
If you bought NOK2,000 of Klaveness Combination Carriers shares you are expected to receive NOK14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Klaveness Combination Carriers's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.64%).
  • Klaveness Combination Carriers's dividend is below the markets top 25% of dividend payers in Norway (6.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:KCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.8%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.6%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.6%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:KCC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.035 0.659

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klaveness Combination Carriers is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Klaveness Combination Carriers is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Klaveness Combination Carriers's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Klaveness Combination Carriers's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Klaveness Combination Carriers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Klaveness Combination Carriers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klaveness Combination Carriers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KCC Management

 What is the CEO of Klaveness Combination Carriers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Engebret Dahm
AGE 53
CEO Bio

Mr. Engebret Dahm has been Head of Combination Carriers of Rederiaksjeselskapet Torvald Klaveness since January 2015. Mr. Dahm serves as Managing Director of Klaveness Combination Carriers AS. Prior to joining Rederiaksjeselskapet Torvald Klaveness, Mr. Dahm served as Chief Executive Officer of Norwegian Car Carriers ASA since March 1, 2012 and served as its Acting Chief Financial Officer since October 1, 2011 until August 2012. Mr. Dahm served as Deputy Chief Executive Officer of Norwegian Car Carriers ASA from July 13, 2010 to March 1, 2012. He has held various positions in Klaveness from 1990 to 2006 amongst others as head of the transloader and beltunloader business. Mr. Dahm holds a Master of Science from NHH.

CEO Compensation
  • Insufficient data for Engebret to compare compensation growth.
  • Insufficient data for Engebret to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Engebret Dahm

TITLE
Managing Director
AGE
53

Liv Dyrnes

TITLE
Chief Financial Officer
Board of Directors

Lasse Kristoffersen

TITLE
Chairman of the Board
AGE
46

Magne Øvreås

TITLE
Board Member

Morten Skedsmo

TITLE
Board Member
AGE
49

Lori Næss

TITLE
Board Member

Stephanie Wu

TITLE
Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Klaveness Combination Carriers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Klaveness Combination Carriers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KCC News

Simply Wall St News

Is Klaveness Combination Carriers AS's (OB:KCC) 5.0% ROE Better Than Average?

Check out our latest analysis for Klaveness Combination Carriers How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Klaveness Combination Carriers: 5.0% = US$8.0m ÷ US$178m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Klaveness Combination Carriers's Debt And Its 5.0% Return On Equity Although Klaveness Combination Carriers does use debt, its debt to equity ratio of 0.82 is still low.

Simply Wall St -

KCC Company Info

Description

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.

Details
Name: Klaveness Combination Carriers ASA
KCC
Exchange: OB
Founded: 2018
NOK2,034,900,000
47,880,000
Website: http://www.combinationcarriers.com
Address: Klaveness Combination Carriers ASA
Drammensveien 260,
Oslo,
Oslo, 0283,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KCC Common Shares Oslo Bors NO NOK 29. Oct 2018
DB 36K Common Shares Deutsche Boerse AG DE EUR 29. Oct 2018
Number of employees
Current staff
Staff numbers
0
Klaveness Combination Carriers employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:32
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.