Klaveness Combination Carriers ASA

OB:KCC Stock Report

Market Cap: NOK 4.3b

Klaveness Combination Carriers Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

NOK 815.95
Fair Value
91.1% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: KCC (NOK72.5) is trading below our estimate of fair value (NOK815.95)

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 Ratio10.4x
EarningsUS$41.38m
Market CapUS$432.27m

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 Average25.9x
HSHP Himalaya Shipping
60.5x76.52%NOK 3.8b
2020 2020 Bulkers
13.8x32.11%NOK 3.1b
FROY Frøy
26.7xn/aNOK 6.6b
MPCC MPC Container Ships
2.8x-57.13%NOK 7.3b
KCC Klaveness Combination Carriers
10.4x24.54%NOK 4.3b

Price-To-Earnings vs Peers: KCC is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

How does KCC's PE Ratio compare vs other companies in the NO Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AMSC AMSC
0.2xn/aUS$10.84m
BULK GoodBulk
0.04xn/aUS$1.84m
No more companies available in this PE range
KCC 10.4xIndustry Avg. 7.6xNo. of Companies3PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KCC is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the European Shipping industry average (7.6x).

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 Ratio10.4x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: KCC is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

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 72.50
NOK 89.19
+23.02%
18.55%NOK 111.57NOK 72.08n/a3
Sep ’26NOK 73.50
NOK 89.19
+21.35%
18.55%NOK 111.57NOK 72.08n/a3
Aug ’26NOK 71.60
NOK 84.52
+18.04%
18.87%NOK 107.07NOK 73.00n/a3
Jul ’26NOK 59.60
NOK 85.52
+43.49%
18.96%NOK 108.42NOK 73.12n/a3
Jun ’26NOK 62.10
NOK 85.52
+37.71%
18.96%NOK 108.42NOK 73.12n/a3
May ’26NOK 60.20
NOK 88.69
+47.33%
18.70%NOK 112.02NOK 74.98n/a3
Apr ’26NOK 62.50
NOK 95.83
+53.33%
21.79%NOK 125.33NOK 79.95n/a3
Mar ’26NOK 61.40
NOK 95.83
+56.08%
21.79%NOK 125.33NOK 79.95n/a3
Feb ’26NOK 75.50
NOK 120.80
+60.00%
14.19%NOK 144.62NOK 104.96n/a3
Jan ’26NOK 74.50
NOK 118.98
+59.71%
13.50%NOK 141.48NOK 105.08n/a3
Dec ’25NOK 79.10
NOK 118.98
+50.42%
13.50%NOK 141.48NOK 105.08n/a3
Nov ’25NOK 85.10
NOK 118.98
+39.81%
13.50%NOK 141.48NOK 105.08n/a3
Oct ’25NOK 91.20
NOK 123.64
+35.57%
12.28%NOK 144.77NOK 109.80NOK 71.803
Sep ’25NOK 93.30
NOK 128.63
+37.87%
9.10%NOK 144.13NOK 115.84NOK 73.503
Aug ’25NOK 101.20
NOK 128.56
+27.04%
6.99%NOK 139.97NOK 118.00NOK 71.603
Jul ’25NOK 109.60
NOK 125.42
+14.44%
7.39%NOK 136.99NOK 114.30NOK 59.603
Jun ’25NOK 103.60
NOK 125.42
+21.07%
7.39%NOK 136.99NOK 114.30NOK 62.103
May ’25NOK 108.20
NOK 125.32
+15.82%
3.01%NOK 129.62NOK 120.45NOK 60.203
Apr ’25NOK 94.20
NOK 122.76
+30.31%
1.78%NOK 124.81NOK 119.73NOK 62.503
Mar ’25NOK 96.80
NOK 122.76
+26.81%
1.78%NOK 124.81NOK 119.73NOK 61.403
Feb ’25NOK 109.50
NOK 106.68
-2.57%
10.37%NOK 120.74NOK 93.69NOK 75.503
Jan ’25NOK 87.00
NOK 95.03
+9.23%
7.59%NOK 105.08NOK 88.50NOK 74.503
Dec ’24NOK 79.00
NOK 96.94
+22.71%
1.67%NOK 98.56NOK 95.32NOK 79.102
Nov ’24NOK 82.00
NOK 97.33
+18.70%
2.37%NOK 99.64NOK 95.03NOK 85.102
Oct ’24NOK 69.40
NOK 96.84
+39.54%
7.02%NOK 103.64NOK 90.04NOK 91.202
NOK 89.19
Fair Value
18.7% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 03:41
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 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 Carnegie
Kyrre FlesjaDNB Carnegie