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Kværner

DB:KV7
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KV7
DB
NOK2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Kværner ASA provides engineering, procurement, and construction (EPC) services for offshore platforms, onshore plants, floating production units, and renewable energy solutions in Norway, Europe, Canada, and internationally. The last earnings update was 35 days ago. More info.


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  • Kværner has significant price volatility in the past 3 months.
KV7 Share Price and Events
7 Day Returns
1.8%
DB:KV7
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-60.9%
DB:KV7
-57.2%
Europe Energy Services
-20.9%
DE Market
KV7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kværner (KV7) 1.8% -31.1% -50.9% -60.9% -52.2% -16%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • KV7 underperformed the Energy Services industry which returned -57.2% over the past year.
  • KV7 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
KV7
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kværner to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kværner.

DB:KV7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in NOK NOK 0.55555555555556
Payout Ratio Company Filings (2019-12-31) 10983.6%
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KV7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 23%) (7.15%))
0.974
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.974 * 5.44%)
4.91%

Discounted Cash Flow Calculation for DB:KV7 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kværner is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:KV7 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NOK0.56 / (4.91% - -0.39%)
NOK0.07
DB:KV7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KV7 represents 0.08583x of OB:KVAER
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08583x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 9.65 x 0.08583
€0.83
Value per share (EUR) From above. €0.83
Current discount Discount to share price of €0.55
= -1 x (€0.55 - €0.83) / €0.83
33.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kværner is available for.
Intrinsic value
34%
Share price is €0.551 vs Future cash flow value of €0.82857
Current Discount Checks
For Kværner to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kværner's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kværner's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kværner's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kværner's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KV7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK0.91
OB:KVAER Share Price ** OB (2020-04-06) in NOK NOK6.42
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kværner.

DB:KV7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KVAER Share Price ÷ EPS (both in NOK)

= 6.42 ÷ 0.91

7.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kværner is good value based on earnings compared to the Europe Energy Services industry average.
  • Kværner is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kværner's expected growth come at a high price?
Raw Data
DB:KV7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-63.8%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:KV7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.08x ÷ -63.8%

-0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kværner earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kværner's assets?
Raw Data
DB:KV7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK12.64
OB:KVAER Share Price * OB (2020-04-06) in NOK NOK6.42
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:KV7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KVAER Share Price ÷ Book Value per Share (both in NOK)

= 6.42 ÷ 12.64

0.51x

* Primary Listing of Kværner.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kværner is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Kværner's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Kværner has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kværner expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-63.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kværner expected to grow at an attractive rate?
  • Kværner's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Kværner's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Kværner's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KV7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KV7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -63.8%
DB:KV7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -7.6%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KV7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KV7 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,158 200 57 4
2021-12-31 6,015 375 19 4
2020-12-31 5,725 117 -34 4
2020-04-07
DB:KV7 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 9,032 -98 243
2019-09-30 8,161 218 289
2019-06-30 7,475 416 253
2019-03-31 7,426 525 216
2018-12-31 7,220 719 278
2018-09-30 7,301 646 342
2018-06-30 7,220 294 462
2018-03-31 6,895 -76 572
2017-12-31 6,536 -113 511
2017-09-30 6,573 -166 290
2017-06-30 6,865 566 252
2017-03-31 7,222 967 124

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kværner's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kværner's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KV7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Kværner Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KV7 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.21 0.53 -0.17 3.00
2021-12-31 0.08 0.27 -0.25 4.00
2020-12-31 -0.14 -0.11 -0.16 2.00
2020-04-07
DB:KV7 Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 0.91
2019-09-30 1.08
2019-06-30 0.94
2019-03-31 0.81
2018-12-31 1.04
2018-09-30 1.28
2018-06-30 1.73
2018-03-31 2.14
2017-12-31 1.92
2017-09-30 1.09
2017-06-30 0.95
2017-03-31 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kværner is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kværner's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kværner has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kværner performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kværner's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kværner has delivered over 20% year on year earnings growth in the past 5 years.
  • Kværner's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kværner's 1-year earnings growth is negative, it can't be compared to the Europe Energy Services industry average.
Earnings and Revenue History
Kværner's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kværner Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KV7 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 9,032.00 243.00 2,465.00
2019-09-30 8,161.00 289.00 2,275.00
2019-06-30 7,475.00 253.00 2,275.00
2019-03-31 7,426.00 216.00 2,275.00
2018-12-31 7,220.00 278.00 2,275.00
2018-09-30 7,301.00 342.00 2,332.00
2018-06-30 7,220.00 462.00 2,332.00
2018-03-31 6,895.00 572.00 2,332.00
2017-12-31 6,536.00 511.00 2,332.00
2017-09-30 6,573.00 290.00 2,305.00
2017-06-30 6,865.00 252.00 2,305.00
2017-03-31 7,222.00 124.00 2,305.00
2016-12-31 7,896.00 81.00 2,305.00
2016-09-30 8,638.00 278.00 2,572.00
2016-06-30 9,521.00 253.00 2,572.00
2016-03-31 10,787.00 299.00 2,572.00
2015-12-31 12,084.00 337.00 2,572.00
2015-09-30 13,099.00 -94.00 2,436.00
2015-06-30 14,245.00 -76.00 2,436.00
2015-03-31 13,981.00 -15.00 2,436.00
2014-12-31 13,945.00 27.00 2,436.00
2014-09-30 14,293.00 342.00 2,198.00
2014-06-30 13,369.00 331.00 2,198.00
2014-03-31 13,786.00 288.00 2,198.00
2013-12-31 12,960.00 239.00 2,198.00
2013-09-30 10,070.00 203.00 2,107.00
2013-06-30 9,420.00 150.00 2,107.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kværner has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kværner used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Kværner's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kværner's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kværner has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kværner's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kværner's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kværner is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kværner's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kværner's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Kværner has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kværner Company Filings, last reported 3 months ago.

DB:KV7 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,385.00 0.00 2,324.00
2019-09-30 3,371.00 0.00 2,420.00
2019-06-30 3,295.00 0.00 2,714.00
2019-03-31 3,492.00 0.00 2,877.00
2018-12-31 3,439.00 0.00 3,165.00
2018-09-30 3,364.00 0.00 2,929.00
2018-06-30 3,325.00 0.00 3,011.00
2018-03-31 3,289.00 0.00 2,766.00
2017-12-31 3,176.00 0.00 2,812.00
2017-09-30 3,055.00 0.00 2,596.00
2017-06-30 2,883.00 0.00 2,936.00
2017-03-31 2,747.00 0.00 2,983.00
2016-12-31 2,656.00 0.00 3,047.00
2016-09-30 2,766.00 0.00 2,819.00
2016-06-30 2,488.00 0.00 2,442.00
2016-03-31 2,465.00 0.00 2,117.00
2015-12-31 2,550.00 0.00 1,560.00
2015-09-30 2,436.00 0.00 1,043.00
2015-06-30 2,272.00 500.00 1,048.00
2015-03-31 2,444.00 490.00 1,284.00
2014-12-31 2,337.00 487.00 1,208.00
2014-09-30 2,663.00 485.00 1,045.00
2014-06-30 2,511.00 483.00 972.00
2014-03-31 2,547.00 480.00 1,430.00
2013-12-31 2,511.00 479.00 1,545.00
2013-09-30 2,349.00 477.00 681.00
2013-06-30 2,267.00 474.00 1,146.00
  • Kværner has no debt.
  • Kværner has no debt compared to 5 years ago when it was 20.8%.
  • Kværner has no debt, it does not need to be covered by operating cash flow.
  • Kværner has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kværner's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kværner has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.79%
Current annual income from Kværner dividends. Estimated to be 8.65% next year.
If you bought €2,000 of Kværner shares you are expected to receive €156 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kværner's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Kværner's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KV7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KV7 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.50 3.00
2021-12-31 0.63 4.00
2020-12-31 0.50 2.00
2020-04-07
DB:KV7 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.500 6.842
2019-02-12 1.000 8.228
2017-05-08 0.000 0.000
2017-03-29 0.000 0.000
2017-02-15 0.000 0.000
2016-10-19 0.000 0.000
2016-07-14 0.000 0.000
2016-05-03 0.000 0.000
2016-02-16 0.000 0.000
2015-03-18 1.340 24.361
2015-02-11 1.340 17.939
2014-10-28 1.280 14.274
2014-07-18 1.280 12.446
2014-03-17 1.220 10.124
2014-02-14 1.220 9.572
2013-10-25 1.160 10.642
2013-08-16 1.160 11.806
2013-03-19 1.100 10.585
2013-02-13 1.100 8.487
2012-10-31 1.060 6.594
2012-10-15 1.060 7.704
2012-08-10 1.060 7.179
2012-02-15 1.000 6.887

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kværner has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Kværner has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Kværner's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Kværner's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kværner afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kværner has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Karl-Petter Loken
COMPENSATION NOK8,283,246
TENURE AS CEO 1.9 years
CEO Bio

Mr. Karl-Petter Loken has been President and Chief Executive Officer of Kværner ASA since May 2018. Mr. Loken served as the Head of Project Development for the oil company Lundin Norway. From 2011 to 2015, Mr. Loken was Engineering Manager for Lundin Norway's Edvard Grieg field development, where Kvaerner was the key contractor. Since 1991, he has held key positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway. For many years, Mr. Loken was in parallel with his industrial career also a top league soccer player in Norway, including 36 matches for the national team. He has also been a popular expert commentator with the Norwegian Broadcasting Corporation (NRK) for presentations of soccer-matches. Mr. Loken is educated as a civil engineer from the Norwegian University of Science and Technology.

CEO Compensation
  • Karl-Petter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Karl-Petter's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Kværner management team in years:

4
Average Tenure
  • The tenure for the Kværner management team is about average.
Management Team

Karl-Petter Loken

TITLE
President & CEO
COMPENSATION
NOK8M
TENURE
1.9 yrs

Idar Eikrem

TITLE
Executive VP & CFO
COMPENSATION
NOK4M
AGE
56
TENURE
4 yrs

Henrik Inadomi

TITLE
Senior VP of Corporate Support & General Counsel
COMPENSATION
NOK4M
TENURE
2 yrs

Ellen Andersen

TITLE
Senior VP & Chief of Staff
COMPENSATION
NOK3M
TENURE
3.1 yrs

Steinar Røgenes

TITLE
Executive Vice President of EPCI
COMPENSATION
NOK4M
TENURE
4.3 yrs

Arnt Knudsen

TITLE
Senior Vice President of Business Development
COMPENSATION
NOK4M
TENURE
4.3 yrs

Elly Bjerknes

TITLE
Executive Vice President of Process Solutions
COMPENSATION
NOK4M
TENURE
4.3 yrs

Hans Mølmen

TITLE
Executive Vice President of Concrete & New Solutions
COMPENSATION
NOK3M
TENURE
4.3 yrs

Sturla Magnus

TITLE
Executive Vice President of Structural Solutions
COMPENSATION
NOK4M
TENURE
3.3 yrs

Guro Loken

TITLE
Executive Vice President of FPSOs
COMPENSATION
NOK939K
Board of Directors Tenure

Average tenure and age of the Kværner board of directors in years:

4
Average Tenure
59
Average Age
  • The tenure for the Kværner board of directors is about average.
Board of Directors

Leif-Arne Langøy

TITLE
Chairman
COMPENSATION
NOK664K
AGE
63

Lone Schrøder

TITLE
Independent Director
COMPENSATION
NOK515K
AGE
59
TENURE
4 yrs

Kjell Røkke

TITLE
Director
COMPENSATION
NOK379K
AGE
61

Rune Rafdal

TITLE
Employee Elected Director
COMPENSATION
NOK263K
AGE
56
TENURE
8.8 yrs

Ståle Johansen

TITLE
Employee Elected Director
COMPENSATION
NOK173K
AGE
51
TENURE
8.8 yrs

Jan Haugan

TITLE
Director
AGE
62
TENURE
2.1 yrs

Thorhild Widvey

TITLE
Independent Director
COMPENSATION
NOK469K
AGE
63
TENURE
4 yrs

Line Breidablikk

TITLE
Employee Elected Director
COMPENSATION
NOK115K
AGE
34
TENURE
0.9 yrs

Emil Brustad-Nilsen

TITLE
Deputy Director
AGE
38
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kværner individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Mar 20 Buy Reinert Horneland Individual 09. Mar 20 09. Mar 20 5,000 €0.70 €3,486
14. Jan 20 Buy Idar Eikrem Individual 14. Jan 20 14. Jan 20 40,000 €1.09 €43,542
20. Dec 19 Buy Idar Eikrem Individual 20. Dec 19 20. Dec 19 40,000 €1.08 €43,279
15. Aug 19 Buy Karl-Petter Loken Individual 14. Aug 19 14. Aug 19 40,000 €1.08 €43,316
07. May 19 Buy Leif-Arne Langøy Individual 07. May 19 07. May 19 150,000 €1.32 €198,171
07. May 19 Buy Idar Eikrem Individual 07. May 19 07. May 19 75,000 €1.34 €100,566
X
Management checks
We assess Kværner's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kværner has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Kværner ASA provides engineering, procurement, and construction (EPC) services for offshore platforms, onshore plants, floating production units, and renewable energy solutions in Norway, Europe, Canada, and internationally. The company executes contracts of oil and gas steel jacket substructures and jackets; and EPC delivery of topsides for offshore oil and gas platforms, as well as on floating oil and gas installations. It also offers marine concrete structures for oil and gas field developments; fixed and floating substructures, as well as converter platforms for offshore wind developments; and front-end development services. In addition, the company engages in the project management, design, engineering, procurement, construction, installation, and hook-up of onshore oil and gas projects; marine operations; and decommissioning of offshore oil and gas installations, as well as provision of an unmanned wellhead platform for tieback solutions. Further, it is involved in the cold forming, prefabrication, and welding of pipes comprising risers, riser tools and special riser joints, riser and tools refurbishment, subsea flow loops and flow control modules, modular process/system skids, high pressure manifolds, piping spools production, and minor steel and aluminum structures, as well as modification and maintenance services. Kværner AS has a strategic collaboration agreement with Nel ASA. The company was incorporated in 2011 and is headquartered in Oslo, Norway.

Details
Name: Kværner ASA
KV7
Exchange: DB
Founded: 2011
NOK152,086,552
267,906,223
Website: http://www.kvaerner.com
Address: Kværner ASA
Snarøyveien 20,
Fornebu,
Oslo,
Oslo, 1360,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KVAER Ordinary Shares Oslo Bors NO NOK 08. Jul 2011
OTCPK KVAE.F Ordinary Shares Pink Sheets LLC US USD 08. Jul 2011
DB KV7 Ordinary Shares Deutsche Boerse AG DE EUR 08. Jul 2011
LSE 0Q2S Ordinary Shares London Stock Exchange GB NOK 08. Jul 2011
BATS-CHIXE KVAERO Ordinary Shares BATS 'Chi-X Europe' GB NOK 08. Jul 2011
Number of employees
Current staff
Staff numbers
2,833
Kværner employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:21
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.