Klaveness Combination Carriers ASA

OB:KCC Stock Report

Market Cap: NOK 4.5b

Klaveness Combination Carriers Valuation

Is KCC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KCC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KCC (NOK73.8) is trading below our estimate of fair value (NOK229.02)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KCC?

Key metric: As KCC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KCC. This is calculated by dividing KCC's market cap by their current earnings.
What is KCC's PE Ratio?
PE Ratio4x
EarningsUS$98.69m
Market CapUS$393.67m

Price to Earnings Ratio vs Peers

How does KCC's PE Ratio compare to its peers?

The above table shows the PE ratio for KCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
MPCC MPC Container Ships
3.3x-36.7%NOK 9.1b
2020 2020 Bulkers
2.9x-33.6%NOK 2.8b
FROY Frøy
26.7xn/aNOK 6.6b
ODF Odfjell
2.8x-11.4%NOK 8.8b
KCC Klaveness Combination Carriers
4x-17.8%NOK 4.5b

Price-To-Earnings vs Peers: KCC is expensive based on its Price-To-Earnings Ratio (4x) compared to the peer average (3x).

Price to Earnings Ratio vs Industry

How does KCC's PE Ratio compare vs other companies in the European Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCC 4.0xIndustry Avg. 7.7xNo. of Companies6PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KCC is good value based on its Price-To-Earnings Ratio (4x) compared to the European Shipping industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is KCC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ratio3.9x

Price-To-Earnings vs Fair Ratio: KCC is expensive based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (3.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 73.80
NOK 129.60
+75.6%
14.8%NOK 151.81NOK 107.92n/a4
Dec ’25NOK 79.10
NOK 118.98
+50.4%
13.5%NOK 141.48NOK 105.08n/a3
Nov ’25NOK 85.10
NOK 118.98
+39.8%
13.5%NOK 141.48NOK 105.08n/a3
Oct ’25NOK 91.20
NOK 123.64
+35.6%
12.3%NOK 144.77NOK 109.80n/a3
Sep ’25NOK 93.30
NOK 128.63
+37.9%
9.1%NOK 144.13NOK 115.84n/a3
Aug ’25NOK 101.20
NOK 128.56
+27.0%
7.0%NOK 139.97NOK 118.00n/a3
Jul ’25NOK 109.60
NOK 125.42
+14.4%
7.4%NOK 136.99NOK 114.30n/a3
Jun ’25NOK 103.60
NOK 125.42
+21.1%
7.4%NOK 136.99NOK 114.30n/a3
May ’25NOK 108.20
NOK 125.32
+15.8%
3.0%NOK 129.62NOK 120.45n/a3
Apr ’25NOK 94.20
NOK 122.76
+30.3%
1.8%NOK 124.81NOK 119.73n/a3
Mar ’25NOK 96.80
NOK 122.76
+26.8%
1.8%NOK 124.81NOK 119.73n/a3
Feb ’25NOK 109.50
NOK 106.68
-2.6%
10.4%NOK 120.74NOK 93.69n/a3
Jan ’25NOK 87.00
NOK 95.03
+9.2%
7.6%NOK 105.08NOK 88.50n/a3
Dec ’24NOK 79.00
NOK 96.94
+22.7%
1.7%NOK 98.56NOK 95.32NOK 79.102
Nov ’24NOK 82.00
NOK 97.33
+18.7%
2.4%NOK 99.64NOK 95.03NOK 85.102
Oct ’24NOK 69.40
NOK 96.84
+39.5%
7.0%NOK 103.64NOK 90.04NOK 91.202
Sep ’24NOK 66.00
NOK 95.97
+45.4%
6.9%NOK 102.56NOK 89.37NOK 93.302
Aug ’24NOK 70.20
NOK 106.43
+51.6%
5.9%NOK 112.71NOK 100.15NOK 101.202
Jul ’24NOK 66.20
NOK 106.43
+60.8%
5.9%NOK 112.71NOK 100.15NOK 109.602
May ’24NOK 80.60
NOK 117.42
+45.7%
12.5%NOK 132.06NOK 102.78NOK 108.202
Apr ’24NOK 76.20
NOK 114.33
+50.0%
12.1%NOK 128.16NOK 100.51NOK 94.202

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 04:43
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Klaveness Combination Carriers ASA is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jørgen LianDNB Markets
Øystein VaagenFearnley Securities