OTCPK:NSKF.F

Stock Analysis Report

Executive Summary

Kongsberg Gruppen ASA, together with its subsidiaries, provides technology systems and solutions to customers in deep-sea, digital, defence, merchant marine, oil and gas, fisheries, aerospace, and space industries.

Snowflake

Fundamentals

Excellent balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:NSKF.F

3.0%

US Aerospace & Defense

2.1%

US Market


1 Year Return

-32.2%

OTCPK:NSKF.F

7.1%

US Aerospace & Defense

-0.04%

US Market

NSKF.F underperformed the Aerospace & Defense industry which returned 6.3% over the past year.

NSKF.F underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

NSKF.FIndustryMarket
7 Day0%3.0%2.1%
30 Day-4.8%2.8%-3.2%
90 Day-10.1%8.4%2.8%
1 Year-32.2%-32.2%9.2%7.1%2.2%-0.04%
3 Year-17.0%-17.0%54.6%46.1%41.5%32.3%
5 Yearn/a93.8%75.7%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Kongsberg Gruppen undervalued based on future cash flows and its price relative to the stock market?

29%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Kongsberg Gruppen's share price is below the future cash flow value, and at a moderate discount (> 20%).

Kongsberg Gruppen's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Kongsberg Gruppen is good value based on earnings compared to the US Aerospace & Defense industry average.

Kongsberg Gruppen is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Kongsberg Gruppen is good value based on expected growth next year.


Price Based on Value of Assets

Kongsberg Gruppen is good value based on assets compared to the US Aerospace & Defense industry average.


Next Steps

Future Growth

How is Kongsberg Gruppen expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

51.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Kongsberg Gruppen's revenue is expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).

Kongsberg Gruppen's earnings are expected to grow significantly at over 20% yearly.

Kongsberg Gruppen's revenue growth is expected to exceed the United States of America market average.

Kongsberg Gruppen's earnings growth is expected to exceed the United States of America market average.

Kongsberg Gruppen's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Kongsberg Gruppen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Kongsberg Gruppen performed over the past 5 years?

-15.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Kongsberg Gruppen's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Kongsberg Gruppen's 1-year earnings growth exceeds its 5-year average (45% vs -15.3%)

Kongsberg Gruppen's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (45% vs 14.5%).


Return on Equity

Kongsberg Gruppen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Kongsberg Gruppen used its assets less efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

Kongsberg Gruppen's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Kongsberg Gruppen's financial position?


Financial Position Analysis

Kongsberg Gruppen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Kongsberg Gruppen's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Kongsberg Gruppen's level of debt (34%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (18.9% vs 34% today).

Debt is well covered by operating cash flow (64%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.4x debt.


Next Steps

Dividend

What is Kongsberg Gruppen's current dividend yield, its reliability and sustainability?

3.13%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Kongsberg Gruppen's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Kongsberg Gruppen's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (2x coverage).


Next Steps

Management

What is the CEO of Kongsberg Gruppen's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Geir Haoy (53yo)

3.2yrs

Tenure

kr8,886,000

Compensation

Mr. Geir Haoy has been the Chief Executive Officer and President of Kongsberg Gruppen ASA since June, 2016. Mr. Haoy has been the Chief Executive Officer of Kongsberg Maritime AS since June 6, 2016. He ser ...


CEO Compensation Analysis

Geir's remuneration is lower than average for companies of similar size in United States of America.

Geir's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

57yo

Average Age

The tenure for the Kongsberg Gruppen management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

61yo

Average Age

The tenure for the Kongsberg Gruppen board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr5,72816 Nov 18
Hans Blokkum
EntityIndividual
Role
Head of Human Resources
Group EVP
Shares410
Max Pricekr13.97
Buykr39,29112 Nov 18
Gyrid Ingerø
EntityIndividual
Role
Chief Financial Officer
Group Executive VP & CFO
Shares3,000
Max Pricekr13.10
Buykr26,82809 Nov 18
Anne-Grete Strom-Erichsen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max Pricekr13.41
Buykr24,29530 Oct 18
Harald Aarø
EntityIndividual
Role
Senior Key Executive
Group Executive Vice President of Business Development & Strategy
Shares1,500
Max Pricekr16.20
Buykr13,21302 Oct 18
Morten Henriksen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares691
Max Pricekr19.12
Buykr24,79402 Oct 18
Eirik Lie
EntityIndividual
Role
Senior Key Executive
Executive VP and President of Kongsberg Defence & Aerospace
Shares1,300
Max Pricekr19.07
Buykr36,37927 Aug 18
Eivind Reiten
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,900
Max Pricekr19.15

Ownership Breakdown


Management Team

  • Gyrid Ingerø (52yo)

    Group Executive VP & CFO

    • Tenure: 1.8yrs
    • Compensation: kr3.83m
  • Eirik Lie (58yo)

    Executive VP and President of Kongsberg Defence & Aerospace

    • Tenure: 3.0yrs
    • Compensation: kr4.77m
  • Even Aas (58yo)

    Group Executive Vice President of Public Affairs

    • Tenure: 0.0yrs
    • Compensation: kr3.29m
  • Egil Haugsdal (58yo)

    Executive VP & President of Kongsberg Maritime

    • Tenure: 4.0yrs
    • Compensation: kr5.84m
  • Geir Haoy (53yo)

    President & CEO

    • Tenure: 3.2yrs
    • Compensation: kr8.89m
  • Hege Skryseth (52yo)

    Executive VP & President of Kongsberg Digital

    • Tenure: 3.1yrs
    • Compensation: kr3.80m
  • Kristin Barkost (65yo)

    Vice President of Accounting

    • Tenure: 9.6yrs
  • Jan Erik Hoff

    Group Vice President of Investor Relations

    • Tenure: 0.0yrs
  • Harald Aarø (50yo)

    Group Executive Vice President of Business Development & Strategy

    • Tenure: 4.0yrs
    • Compensation: kr4.29m
  • Hans Blokkum (57yo)

    Group EVP

    • Tenure: 1.4yrs
    • Compensation: kr2.74m

Board Members

  • Eivind Reiten (65yo)

    Chairman

    • Tenure: 2.3yrs
    • Compensation: kr551.93k
  • Irene Basili (52yo)

    Deputy Chairman

    • Tenure: 4.3yrs
    • Compensation: kr272.00k
  • Helge Lintvedt (62yo)

    Employee Representative Director

    • Tenure: 10.3yrs
    • Compensation: kr326.03k
  • Martha Kold Bakkevig (57yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: kr305.83k
  • Morten Henriksen

    Director

    • Tenure: 6.3yrs
    • Compensation: kr338.23k
  • Elisabeth Fossan (52yo)

    Employee Representative Director

    • Tenure: 2.3yrs
    • Compensation: kr292.93k
  • Anne-Grete Strom-Erichsen (70yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: kr292.93k
  • Sigmund Bakke (61yo)

    Employee Representative Director

    • Tenure: 2.3yrs
    • Compensation: kr255.33k
  • Ole Magnus Svarva

    Deputy Director

    • Tenure: 0.0yrs

Company Information

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


Key Information

  • Name: Kongsberg Gruppen ASA
  • Ticker: NSKF.F
  • Exchange: OTCPK
  • Founded: 1814
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: kr19.455b
  • Listing Market Cap: kr2.167b
  • Shares outstanding: 179.97m
  • Website: https://www.kongsberg.com

Number of Employees


Location

  • Kongsberg Gruppen ASA
  • Kirkegårdsveien 45
  • Kongsberg
  • Buskerud
  • 3616
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KOGOB (Oslo Bors)YesClass A SharesNONOKDec 1993
0F08LSE (London Stock Exchange)YesClass A SharesGBNOKDec 1993
NSKF.FOTCPK (Pink Sheets LLC)YesClass A SharesUSUSDDec 1993
KOZDB (Deutsche Boerse AG)YesClass A SharesDEEURDec 1993
KOGOBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBNOKDec 1993

Biography

Kongsberg Gruppen ASA, together with its subsidiaries, provides technology systems and solutions to customers in deep-sea, digital, defence, merchant marine, oil and gas, fisheries, aerospace, and space in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:06
End of Day Share Price2019/08/02 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.