OTCPK:KGAU.F

Stock Analysis Report

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Executive Summary

Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide.


Snowflake Analysis

Undervalued with mediocre balance sheet.


Similar Companies

Share Price & News

How has Kongsberg Automotive's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KGAU.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-48.1%

KGAU.F

-0.8%

US Auto Components

2.3%

US Market


1 Year Return

-97.3%

KGAU.F

-11.7%

US Auto Components

6.7%

US Market

Return vs Industry: KGAU.F underperformed the US Auto Components industry which returned -11.3% over the past year.

Return vs Market: KGAU.F underperformed the US Market which returned 6.1% over the past year.


Shareholder returns

KGAU.FIndustryMarket
7 Day-48.1%-0.8%2.3%
30 Day-71.4%-6.5%1.5%
90 Day-81.8%23.5%17.8%
1 Year-97.3%-97.3%-10.6%-11.7%9.0%6.7%
3 Year-97.5%-97.5%-25.3%-33.1%36.6%27.7%
5 Year-96.8%-96.8%-4.8%-18.8%64.2%46.2%

Price Volatility Vs. Market

How volatile is Kongsberg Automotive's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kongsberg Automotive undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KGAU.F ($0.02) is trading below our estimate of fair value ($0.08)

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


Price To Earnings Ratio

PE vs Industry: KGAU.F is good value based on its PE Ratio (2.2x) compared to the US Auto Components industry average (14.2x).

PE vs Market: KGAU.F is good value based on its PE Ratio (2.2x) compared to the US market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KGAU.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KGAU.F is good value based on its PB Ratio (0x) compared to the US Auto Components industry average (1.4x).


Next Steps

Future Growth

How is Kongsberg Automotive forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.7%

Forecasted Automobiles 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 Kongsberg Automotive 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.


Next Steps

  • Examine whether Kongsberg Automotive is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Kongsberg Automotive's filings and announcements here.
  • Explore growth companies in the Automobiles industry.

Past Performance

How has Kongsberg Automotive performed over the past 5 years?

57.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KGAU.F has high quality earnings.

Growing Profit Margin: KGAU.F's current net profit margins (0.2%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: KGAU.F has become profitable over the past 5 years, growing earnings by 57.5% per year.

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

Earnings vs Industry: KGAU.F had negative earnings growth (-90.3%) over the past year, making it difficult to compare to the Auto Components industry average (3.5%).


Return on Equity

High ROE: KGAU.F's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Kongsberg Automotive's financial position?


Financial Position Analysis

Short Term Liabilities: KGAU.F's short term assets (€394.5M) exceed its short term liabilities (€244.5M).

Long Term Liabilities: KGAU.F's short term assets (€394.5M) do not cover its long term liabilities (€405.2M).


Debt to Equity History and Analysis

Debt Level: KGAU.F's debt to equity ratio (111.2%) is considered high.

Reducing Debt: KGAU.F's debt to equity ratio has reduced from 125% to 111.2% over the past 5 years.

Debt Coverage: KGAU.F's debt is well covered by operating cash flow (25.6%).

Interest Coverage: KGAU.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Kongsberg Automotive current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KGAU.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KGAU.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KGAU.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KGAU.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KGAU.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Henning Jensen (60yo)

4.08yrs

Tenure

Mr. Henning Eskild Jensen, MBA has been Chief Executive Officer of Kongsberg Automotive ASA since June 10, 2016 and serves as its President. Mr. Jensen served as the Chief Executive Officer at Atex Group  ...


Leadership Team

NamePositionTenureCompensationOwnership
Henning Jensen
CEO & President4.08yrsno data0.0060% 6.8k
Norbert Loers
Chief Financial Officer3.5yrs€593.30k0.0020% 2.3k
Ralf Hoppe
Vice President of Investor Relations & Planning0.75yr€237.50kno data
Jon Munthe
General Counsel3.75yrs€223.70k0.0012% 1.4k
Marcus von Pock
Executive Vice President of Human Resources & Communications2.67yrs€374.90k0.00083% 935.7
David Redfearn
Executive Vice President of Fluid Transferno data€256.40k0.0018% 2.0k
Robert Pigg
Senior Vice President of Off-Highwayno data€276.50k0.00075% 845.5
Bob Riedford
President of Powertrain & Chassis Products2.67yrs€497.30k0.00073% 823.0
Virginia Grando
Executive Vice President of Quality2.67yrs€296.80kno data
Linda Nyquist-Evenrud
Senior Vice President of Couplingsno data€204.20k0.00074% 834.2

2.7yrs

Average Tenure

Experienced Management: KGAU.F's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ellen Hanetho
Independent Director4.33yrs€42.60kno data
Tonje Sivesindtajet
Employee Representative Director1.5yrs€11.70kno data
Gérard Cordonnier
Independent Director1.17yrs€29.20kno data
Firas Abi-Nassif
Independent Chairman of the Board1.58yrs€57.90kno data
Emese Weissenbacher
Independent Director1.17yrs€25.90kno data
Jon-Ivar Jørnby
Employee Representative Director5.17yrs€14.00kno data
Bjørn Ødegård
Employee Representative Director3.08yrs€11.70k0.00020% 225.5
Peter Schmitt
Independent Director1.17yrs€24.60kno data

1.5yrs

Average Tenure

57.5yo

Average Age

Experienced Board: KGAU.F's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1563.1%.


Top Shareholders

Company Information

Kongsberg Automotive ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kongsberg Automotive ASA
  • Ticker: KGAU.F
  • Exchange: OTCPK
  • Founded: 1957
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: kr1.065b
  • Listing Market Cap: kr112.736m
  • Shares outstanding: 7.45b
  • Website: https://www.kongsbergautomotive.com

Number of Employees


Location

  • Kongsberg Automotive ASA
  • Dyrmyrgata 48
  • Kongsberg
  • Buskerud
  • 3601
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KOAOB (Oslo Bors)YesOrdinary SharesNONOKMay 1995
K3ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1995
0HW0LSE (London Stock Exchange)YesOrdinary SharesGBNOKMay 1995
KGAU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1995
KOAOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 1995

Biography

Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide. The company operates through three segments: Interior, Powertrain & Chassis Products, and Specialty Products. The Interior segment offers comfort and safety related products, such as massage systems, seat support systems, seat climate systems, and light duty cables and actuators for vehicle interiors, as well as panel heaters for electric cars. The Powertrain & Chassis Products segment provides powertrain systems and chassis related products, including gear shifters for automatic and manual transmissions, shift cables and towers, and chassis stabilizers, as well as gear and clutch control systems, such as actuators for heavy and light duty commercial vehicles. The Specialty Products segment offers driver control and fluid handling systems, such as air couplings; fuel transfer systems comprising specialized hoses, tubes, and assemblies; and off-road products consisting of steering columns, displays, and pedals and hand controls, as well as other products and software. It serves OEMs and Tier 1 suppliers in the automotive, commercial vehicle, and off-highway markets. The company was formerly known as Kongsberg Automotive Holding ASA and changed its name to Kongsberg Automotive ASA in August 2014. Kongsberg Automotive ASA was founded in 1957 and is based in Kongsberg, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 00:52
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.