Klaveness Combination Carriers Valuation
Is KCCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
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 KCCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KCCO (NOK79.1) is trading below our estimate of fair value (NOK214.48)
Significantly Below Fair Value: KCCO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KCCO?
Key metric: As KCCO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is KCCO's PE Ratio? | |
|---|---|
| PE Ratio | 4.4x |
| Earnings | US$98.69m |
| Market Cap | US$435.65m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2x |
| Enterprise Value/EBITDA | 4.2x |
| PEG Ratio | -0.3x |
Price to Earnings Ratio vs Peers
How does KCCO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 34.3x | ||
GOTL A Rederiaktiebolaget Gotland | 24.1x | n/a | SEK 5.4b |
VSSAB B Viking Supply Ships | 86.1x | n/a | SEK 1.3b |
ELAN B Elanders | 11x | 18.4% | SEK 3.2b |
JETPAK Jetpak Top Holding | 15.8x | 20.5% | SEK 1.3b |
KCCO Klaveness Combination Carriers | 4.4x | -17.4% | NOK 4.8b |
Price-To-Earnings vs Peers: KCCO is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (34.2x).
Price to Earnings Ratio vs Industry
How does KCCO's PE Ratio compare vs other companies in the European Shipping Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: KCCO is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Shipping industry average (7.7x).
Price to Earnings Ratio vs Fair Ratio
What is KCCO'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 4.4x |
| Fair PE Ratio | 8.4x |
Price-To-Earnings vs Fair Ratio: KCCO is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 79.10 | NOK 118.98 +50.4% | 13.5% | NOK 141.48 | NOK 105.08 | n/a | 3 |
| Nov ’25 | NOK 84.60 | NOK 118.98 +40.6% | 13.5% | NOK 141.48 | NOK 105.08 | n/a | 3 |
| Oct ’25 | NOK 91.50 | NOK 123.64 +35.1% | 12.3% | NOK 144.77 | NOK 109.80 | n/a | 3 |
| Sep ’25 | NOK 93.00 | NOK 128.63 +38.3% | 9.1% | NOK 144.13 | NOK 115.84 | n/a | 3 |
| Aug ’25 | NOK 103.60 | NOK 128.56 +24.1% | 7.0% | NOK 139.97 | NOK 118.00 | n/a | 3 |
| Jul ’25 | NOK 111.60 | NOK 125.42 +12.4% | 7.4% | NOK 136.99 | NOK 114.30 | n/a | 3 |
| Jun ’25 | NOK 105.00 | NOK 125.42 +19.5% | 7.4% | NOK 136.99 | NOK 114.30 | n/a | 3 |
| May ’25 | NOK 109.20 | NOK 125.32 +14.8% | 3.0% | NOK 129.62 | NOK 120.45 | n/a | 3 |
| Apr ’25 | NOK 93.00 | NOK 122.76 +32.0% | 1.8% | NOK 124.81 | NOK 119.73 | n/a | 3 |
| Mar ’25 | NOK 97.00 | NOK 122.76 +26.6% | 1.8% | NOK 124.81 | NOK 119.73 | n/a | 3 |
| Feb ’25 | NOK 105.00 | NOK 106.68 +1.6% | 10.4% | NOK 120.74 | NOK 93.69 | n/a | 3 |
| Jan ’25 | NOK 87.00 | NOK 95.03 +9.2% | 7.6% | NOK 105.08 | NOK 88.50 | n/a | 3 |
| Dec ’24 | NOK 79.00 | NOK 96.94 +22.7% | 1.7% | NOK 98.56 | NOK 95.32 | n/a | 2 |
| Nov ’24 | NOK 73.80 | NOK 97.33 +31.9% | 2.4% | NOK 99.64 | NOK 95.03 | NOK 84.60 | 2 |
| Oct ’24 | NOK 69.40 | NOK 96.84 +39.5% | 7.0% | NOK 103.64 | NOK 90.04 | NOK 91.50 | 2 |
| Sep ’24 | NOK 65.00 | NOK 95.97 +47.6% | 6.9% | NOK 102.56 | NOK 89.37 | NOK 93.00 | 2 |
| Aug ’24 | NOK 70.20 | NOK 106.43 +51.6% | 5.9% | NOK 112.71 | NOK 100.15 | NOK 103.60 | 2 |
| Jul ’24 | NOK 67.80 | NOK 106.43 +57.0% | 5.9% | NOK 112.71 | NOK 100.15 | NOK 111.60 | 2 |
| May ’24 | NOK 82.40 | NOK 117.42 +42.5% | 12.5% | NOK 132.06 | NOK 102.78 | NOK 109.20 | 2 |
| Apr ’24 | NOK 75.00 | NOK 114.33 +52.4% | 12.1% | NOK 128.16 | NOK 100.51 | NOK 93.00 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.