company background image
KCC

Klaveness Combination CarriersOB:KCC Stock Report

Market Cap

kr2.3b

7D

0%

1Y

44.8%

Updated

23 Sep, 2021

Data

Company Financials
KCC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health0/6
Dividends1/6

KCC Overview

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, the Far East, the Middle East, Australia, Brazil, and North America.

Price History & Performance

Summary of all time highs, changes and price drops for Klaveness Combination Carriers
Historical stock prices
Current Share Pricekr47.80
52 Week Highkr30.00
52 Week Lowkr50.00
Beta0.89
1 Month Change10.14%
3 Month Change13.81%
1 Year Change44.85%
3 Year Changen/a
5 Year Changen/a
Change since IPO-27.58%

Recent News & Updates

Mar 30
Is Klaveness Combination Carriers ASA (OB:KCC) An Attractive Dividend Stock?

Is Klaveness Combination Carriers ASA (OB:KCC) An Attractive Dividend Stock?

Today we'll take a closer look at Klaveness Combination Carriers ASA ( OB:KCC ) from a dividend investor's perspective...

Shareholder Returns

KCCNO ShippingNO Market
7D0%-4.4%0.5%
1Y44.8%79.1%25.9%

Return vs Industry: KCC underperformed the Norwegian Shipping industry which returned 80.1% over the past year.

Return vs Market: KCC exceeded the Norwegian Market which returned 22.8% over the past year.

Price Volatility

Is KCC's price volatile compared to industry and market?
KCC volatility
KCC Beta0.89
Industry Beta1.1
Market Beta1

Stable Share Price: KCC is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KCC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19526Engebret Dahmhttps://www.combinationcarriers.com

Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, the Far East, the Middle East, Australia, Brazil, and North America. The company operates in two segments, CABU and CLEANBU. Its vessels transport caustic coda solution, floating fertilizer, molasses, and various types of dry cargo, as well as petroleum products, heavy liquid cargoes, and various types of dry bulk products, such as alumina, bauxite.

Klaveness Combination Carriers Fundamentals Summary

How do Klaveness Combination Carriers's earnings and revenue compare to its market cap?
KCC fundamental statistics
Market CapUS$267.37m
Earnings (TTM)US$3.92m
Revenue (TTM)US$161.32m

68.2x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KCC income statement (TTM)
RevenueUS$161.32m
Cost of RevenueUS$114.45m
Gross ProfitUS$46.87m
ExpensesUS$42.95m
EarningsUS$3.92m

Dividends

3.2%

Current Dividend Yield

160%

Payout Ratio

Valuation

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

68.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KCC (NOK47.8) is trading above our estimate of fair value (NOK24.06)

Significantly Below Fair Value: KCC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KCC is poor value based on its PE Ratio (68.2x) compared to the Norwegian Shipping industry average (10.5x).

PE vs Market: KCC is poor value based on its PE Ratio (68.2x) compared to the Norwegian market (13.2x).


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's PB Ratio (1.3x) is in line with the NO Shipping industry average.


Future Growth

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

47.1%

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.


Past Performance

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

30.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: KCC's current net profit margins (2.4%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: KCC's earnings have grown significantly by 30.3% per year over the past 5 years.

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

Earnings vs Industry: KCC had negative earnings growth (-75.4%) over the past year, making it difficult to compare to the Shipping industry average (144.4%).


Return on Equity

High ROE: KCC's Return on Equity (1.9%) is considered low.


Financial Health

How is Klaveness Combination Carriers's financial position?


Financial Position Analysis

Short Term Liabilities: KCC's short term assets ($59.4M) do not cover its short term liabilities ($112.3M).

Long Term Liabilities: KCC's short term assets ($59.4M) do not cover its long term liabilities ($304.5M).


Debt to Equity History and Analysis

Debt Level: KCC's debt to equity ratio (198%) is considered high.

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

Debt Coverage: KCC's debt is not well covered by operating cash flow (5%).

Interest Coverage: KCC's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

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

3.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KCC's dividend (3.23%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.92%).

High Dividend: KCC's dividend (3.23%) is low compared to the top 25% of dividend payers in the Norwegian market (5.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KCC has been paying a dividend for less than 10 years.

Growing Dividend: KCC's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (160.4%), KCC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Engebret Dahm (56 yo)

2.67yrs

Tenure

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Klaveness Combination Carriers ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Klaveness Combination Carriers ASA
  • Ticker: KCC
  • Exchange: OB
  • Founded: 1952
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr2.294b
  • Shares outstanding: 47.99m
  • Website: https://www.combinationcarriers.com

Number of Employees


Location

  • Klaveness Combination Carriers ASA
  • Drammensveien 260
  • Oslo
  • Oslo
  • 283
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:44
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.