Klaveness Combination Carriers (KCC) Stock Overview
Owns and operates combination carriers for the dry bulk shipping and product tanker industries in the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 1/6 |
KCC Community Fair Values
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Analyst Price Targets
Klaveness Combination Carriers ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 92.20 |
| 52 Week High | NOK 105.00 |
| 52 Week Low | NOK 59.60 |
| Beta | 0.15 |
| 1 Month Change | -9.07% |
| 3 Month Change | 2.22% |
| 1 Year Change | 48.47% |
| 3 Year Change | 32.47% |
| 5 Year Change | 120.57% |
| Change since IPO | 39.70% |
Recent News & Updates
Narrative Update • May 23
KCC: Future Charter Visibility And Dividends Will Support Balanced Return Potential
Klaveness Combination Carriers' analyst price target has increased from NOK 90.88 to NOK 109.25, as analysts revise fair value assumptions, discount rate, revenue growth expectations, profit margin outlook, and future P/E inputs in their models. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for the MV Bass, a vessel built in 2021, with a company in the global energy industry, providing future employment visibility for this ship (Key Developments).
Narrative Update • May 02
KCC: Future Charter Contract And Dividend Policy Will Support Bullish Upside
Analysts have adjusted their fair value estimate for Klaveness Combination Carriers from NOK 111.57 to NOK 117.06, citing updated assumptions on revenue growth, profit margins and future P/E multiples as the key drivers of the new price target. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for MV Bass, a vessel built in 2021, with a player in the global energy industry.Analysis Article • Apr 30
Analyst Forecasts For Klaveness Combination Carriers ASA (OB:KCC) Are Surging Higher
Celebrations may be in order for Klaveness Combination Carriers ASA ( OB:KCC ) shareholders, with the analysts...Recent updates
Narrative Update • May 23
KCC: Future Charter Visibility And Dividends Will Support Balanced Return Potential
Klaveness Combination Carriers' analyst price target has increased from NOK 90.88 to NOK 109.25, as analysts revise fair value assumptions, discount rate, revenue growth expectations, profit margin outlook, and future P/E inputs in their models. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for the MV Bass, a vessel built in 2021, with a company in the global energy industry, providing future employment visibility for this ship (Key Developments).Narrative Update • May 02
KCC: Future Charter Contract And Dividend Policy Will Support Bullish Upside
Analysts have adjusted their fair value estimate for Klaveness Combination Carriers from NOK 111.57 to NOK 117.06, citing updated assumptions on revenue growth, profit margins and future P/E multiples as the key drivers of the new price target. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for MV Bass, a vessel built in 2021, with a player in the global energy industry.Analysis Article • Apr 30
Analyst Forecasts For Klaveness Combination Carriers ASA (OB:KCC) Are Surging Higher
Celebrations may be in order for Klaveness Combination Carriers ASA ( OB:KCC ) shareholders, with the analysts...Narrative Update • Apr 18
KCC: Long-Term Charter And Ongoing Dividends Will Support Balanced Future Returns
Analysts have held their NOK 90.88 price target on Klaveness Combination Carriers steady, citing slightly adjusted assumptions around the discount rate, revenue trends and profit margins, as well as a modestly lower forward P/E, as reasons to keep their valuation view unchanged. What's in the News A subsidiary of Klaveness Combination Carriers ASA has secured a two year time charter for MV Bass, a vessel built in 2021, with a player in the global energy industry.
Narrative Update • Apr 03
KCC: Dividend Capacity And New Time Charter Will Support Steady Outlook
Analysts have revised their price target on Klaveness Combination Carriers to NOK 97.87. The adjustment is linked to a slightly lower discount rate, a marginally different revenue growth outlook, and small shifts in profit margin and future P/E assumptions.Narrative Update • Mar 20
KCC: Long-Term Charter And Dividend Policy Will Support Balanced Future Returns
Analysts have kept their NOK price target for Klaveness Combination Carriers effectively unchanged at around NOK 90.88. They cite a slightly lower discount rate, a small reduction in expected revenue growth, a modestly higher profit margin and a marginally higher future P/E assumption as the key factors behind the updated view.Narrative Update • Mar 06
KCC: Long-Term Contract And Dividend Will Support Balanced Future Returns
Analysts have adjusted their price target for Klaveness Combination Carriers from NOK 89.27 to NOK 90.88, citing updated assumptions around discount rates, revenue trends, profit margins, and expected future P/E multiples. What's in the News The Board of Directors declared a cash dividend of US$0.08 per share, totaling about US$4.7 million, for the fourth quarter of 2025.Narrative Update • Feb 19
KCC: Dividend Payouts And Alumina Contract Will Support Steady Outlook
Analysts have made a small upward adjustment to their fair value estimate for Klaveness Combination Carriers to NOK 97.87 from NOK 97.62, reflecting updated assumptions on discount rate, revenue trends, profit margins and future P/E expectations. What's in the News The board has declared a cash dividend of US$0.08 per share for the fourth quarter of 2025, totaling about US$4.7m, with the last trading day including rights on 17 February 2026 and payment expected on or about 2 March 2026 (Key Developments).Narrative Update • Feb 05
KCC: Long-Term Contract And Stable Margins Will Support Balanced Future Returns
Analysts have trimmed their price target for Klaveness Combination Carriers from NOK 90.61 to NOK 89.27, citing updated assumptions for revenue trends, discount rate, profit margins, and future P/E, which slightly adjust their valuation framework. What's in the News A subsidiary of Klaveness Combination Carriers ASA has agreed a 32 month contract of affreightment starting March 2026 with Alumina do Norte do Brasil for transporting caustic soda solution to its alumina refinery in Brazil (Key Developments).Narrative Update • Jan 22
KCC: Long Contracted Cash Flows And Dividend Profile Will Support Upside
Analysts have kept their fair value estimate for Klaveness Combination Carriers steady at €97.62, making only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E. These changes reflect small refinements rather than a shift in their overall view.Narrative Update • Jan 08
KCC: Long-Term Contracted Volumes And Higher Margins Will Support Stronger Returns
Analysts have nudged their price target for Klaveness Combination Carriers slightly higher to reflect a modestly lower discount rate, a small adjustment to expected revenue contraction, a higher projected profit margin of 43.45% and a slightly lower forward P/E of 7.04x. What's in the News A subsidiary agreed a 32 month contract of affreightment with Alumina do Norte do Brasil for caustic soda solution shipments to its alumina refinery in Brazil, starting March 2026, using the 2001 built CABU vessel MV Barcarena (Key Developments).Narrative Update • Dec 18
KCC: Long-Term Contract And Higher Margins Will Support Stronger Returns
Analysts have raised their price target for Klaveness Combination Carriers from approximately $72.08 to $90.61. This reflects improved expectations for revenue resilience, higher long term profit margins, and a slightly lower future valuation multiple despite a modestly higher discount rate.Narrative Update • Dec 04
KCC: Dividend Payout Will Support Attractive Long Term Return Profile
Analysts have modestly lifted their price target on Klaveness Combination Carriers to k97.62 from k97.62, citing slightly lower discount rate assumptions and a marginally higher expected future price to earnings multiple, while maintaining stable views on long term revenue growth and profit margins. What's in the News Board declares cash dividend of USD 0.12 per share for third quarter 2025, totaling approximately USD 7.1 million, with payment expected on or about 13 November 2025 (company announcement) Key dividend dates are set, including last trading day with rights on 30 October 2025, ex date on 31 October 2025, and record date on 3 November 2025 (company announcement) Company schedules Analyst and Investor Day to discuss strategy, core business areas, performance, and long term priorities (company event) Valuation Changes Fair Value Estimate, unchanged at NOK 97.62 per share, reflecting a stable view on intrinsic value.Narrative Update • Nov 20
KCC: Dividend Declaration And Stable Margins Will Support Positive Outlook
Analysts have maintained their fair value estimate for Klaveness Combination Carriers at $97.62 per share. They cite stable outlooks for revenue growth and profit margins.Narrative Update • Nov 04
KCC: Rising Profit Margins And Cash Dividends Will Drive Market Resilience
Analysts have raised their fair value price target for Klaveness Combination Carriers from $89.19 to $97.62, citing an improved revenue growth outlook and higher projected profit margins as key factors in their updated assessment. What's in the News The Board of Directors of Klaveness Combination Carriers ASA declares cash dividends of USD 0.12 per share, totaling approximately USD 7.1 million, for the third quarter 2025.Narrative Update • Aug 22
New CABU 3 Vessels Will Deliver 25% Higher Cargo Capacity And Fuel Efficiency
A sharp rise in the company's future P/E ratio, signaling much lower expected earnings growth relative to its price, alongside only a slight decrease in the discount rate, has led to a downward revision in the consensus price target from NOK89.95 to NOK84.80. Valuation Changes Summary of Valuation Changes for Klaveness Combination Carriers The Consensus Analyst Price Target has fallen from NOK89.95 to NOK84.80.Analysis Article • Jul 09
Improved Earnings Required Before Klaveness Combination Carriers ASA (OB:KCC) Shares Find Their Feet
With a price-to-earnings (or "P/E") ratio of 6.6x Klaveness Combination Carriers ASA ( OB:KCC ) may be sending bullish...Analysis Article • Apr 17
We Think Shareholders Will Probably Be Generous With Klaveness Combination Carriers ASA's (OB:KCC) CEO Compensation
Key Insights Klaveness Combination Carriers will host its Annual General Meeting on 23rd of April CEO Engebret Dahm's...Analysis Article • Mar 19
There's No Escaping Klaveness Combination Carriers ASA's (OB:KCC) Muted Earnings
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") above 12x, you may consider...Analysis Article • Feb 19
Things Look Grim For Klaveness Combination Carriers ASA (OB:KCC) After Today's Downgrade
Today is shaping up negative for Klaveness Combination Carriers ASA ( OB:KCC ) shareholders, with the analysts...
New Narrative • Feb 09
Transition To OSM Thome May Boost Efficiency But Market Uncertainties Could Impact Earnings
Transitioning to third-party management and utilizing CLEANBU vessels aims to optimize operations, reduce costs, and enhance revenue through improved efficiency.Analysis Article • Aug 30
Klaveness Combination Carriers (OB:KCC) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Klaveness Combination Carriers ASA's ( OB:KCC ) robust recent earnings didn't do much to move the stock. However the...Analysis Article • Aug 06
Does Klaveness Combination Carriers (OB:KCC) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Apr 17
We Think Klaveness Combination Carriers ASA's (OB:KCC) CEO Compensation Looks Fair
Key Insights Klaveness Combination Carriers to hold its Annual General Meeting on 23rd of April Salary of US$534.0k is...Analysis Article • Feb 02
With EPS Growth And More, Klaveness Combination Carriers (OB:KCC) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Nov 02
Klaveness Combination Carriers (OB:KCC) Might Have The Makings Of A Multi-Bagger
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Analysis Article • Feb 15
Party Time: One Broker Just Made Major Increases To Their Klaveness Combination Carriers ASA (OB:KCC) Earnings Forecast
Klaveness Combination Carriers ASA ( OB:KCC ) shareholders will have a reason to smile today, with the covering analyst...Analysis Article • Feb 14
Klaveness Combination Carriers (OB:KCC) Has A Somewhat Strained Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 05
Klaveness Combination Carriers (OB:KCC) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 08
We Think Klaveness Combination Carriers (OB:KCC) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 11
News Flash: Analysts Just Made A Captivating Upgrade To Their Klaveness Combination Carriers ASA (OB:KCC) Forecasts
Shareholders in Klaveness Combination Carriers ASA ( OB:KCC ) may be thrilled to learn that the covering analyst has...Analysis Article • Jul 06
Klaveness Combination Carriers (OB:KCC) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • May 06
Just In: One Analyst Has Become A Lot More Bullish On Klaveness Combination Carriers ASA's (OB:KCC) Earnings
Celebrations may be in order for Klaveness Combination Carriers ASA ( OB:KCC ) shareholders, with the covering analyst...Shareholder Returns
| KCC | NO Shipping | NO Market | |
|---|---|---|---|
| 7D | 3.4% | 6.9% | 0.2% |
| 1Y | 48.5% | 44.4% | 18.3% |
Return vs Industry: KCC matched the Norwegian Shipping industry which returned 48.5% over the past year.
Return vs Market: KCC exceeded the Norwegian Market which returned 18.3% over the past year.
Price Volatility
| KCC volatility | |
|---|---|
| KCC Average Weekly Movement | 4.2% |
| Shipping Industry Average Movement | 5.0% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in NO Market | 11.4% |
| 10% least volatile stocks in NO Market | 3.2% |
Stable Share Price: KCC has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: KCC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2018 | 19 | Engebret Dahm | www.combinationcarriers.com |
Klaveness Combination Carriers ASA owns and operates combination carriers for the dry bulk shipping and product tanker industries in the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia. The company’s vessels transport caustic coda solution, floating fertilizer, molasses, clean petroleum products, heavy liquid cargoes, and various types of dry bulk commodities. It owns and operates eight CABU vessels, three CABU newbuild contracts and eight CLEANBU vessels.
Klaveness Combination Carriers ASA Fundamentals Summary
| KCC fundamental statistics | |
|---|---|
| Market cap | NOK 5.47b |
| Earnings (TTM) | NOK 423.04m |
| Revenue (TTM) | NOK 2.43b |
12.9x
P/E Ratio2.2x
P/S RatioIs KCC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KCC income statement (TTM) | |
|---|---|
| Revenue | US$256.89m |
| Cost of Revenue | US$156.98m |
| Gross Profit | US$99.91m |
| Other Expenses | US$55.20m |
| Earnings | US$44.71m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 25, 2026
| Earnings per share (EPS) | 0.75 |
| Gross Margin | 38.89% |
| Net Profit Margin | 17.40% |
| Debt/Equity Ratio | 91.9% |
How did KCC perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield67%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 06:30 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Klaveness Combination Carriers ASA is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Jostein Aschjem | DNB Carnegie |
| Fredrik Dybwad | Fearnley Securities |