Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, Far East, the Middle East, Australia, Brazil, and North America.
The last earnings update was 10 days ago.
Discounted Cash Flow Calculation for OB:KCC using Dividend Discount Model Model
The calculations below outline how an intrinsic value for
Klaveness Combination Carriers
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.
The current share price of
Klaveness Combination Carriers
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
Klaveness Combination Carriers's
is considered below, and whether this is a fair price.
Price based on past earnings
Klaveness Combination Carriers's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Klaveness Combination Carriers 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Klaveness Combination Carriers
expected to grow at an
Unable to compare Klaveness Combination Carriers's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Klaveness Combination Carriers's earnings growth to the Norway market average as no estimate data is available.
Unable to compare Klaveness Combination Carriers's revenue growth to the Norway market average as no estimate data is available.
Unable to determine if Klaveness Combination Carriers is high growth as no earnings estimate data is available.
Unable to determine if Klaveness Combination Carriers is high growth as no revenue estimate data is available.
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.
Klaveness Combination Carriers's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Klaveness Combination Carriers
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Klaveness Combination Carriers's finances.
The net worth of a company is the difference between its assets and liabilities.
Klaveness Combination Carriers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Klaveness Combination Carriers's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Klaveness Combination Carriers'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.4x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Engebret Dahm has been Head of Combination Carriers of Rederiaksjeselskapet Torvald Klaveness since January 2015. Mr. Dahm has been Chief Executive Officer at Klaveness Combination Carriers AS. since 2019 and served as its Managing Director until 2019. Prior to joining Rederiaksjeselskapet Torvald Klaveness, Mr. Dahm served as Chief Executive Officer of Norwegian Car Carriers ASA since March 1, 2012 and served as its Acting Chief Financial Officer since October 1, 2011 until August 2012. Mr. Dahm served as Deputy Chief Executive Officer of Norwegian Car Carriers ASA from July 13, 2010 to March 1, 2012. He has held various positions in Klaveness from 1990 to 2006 amongst others as head of the transloader and beltunloader business. Mr. Dahm holds a Master of Science from NHH.
Insufficient data for Engebret to compare compensation growth.
Insufficient data for Engebret to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Chief Executive Officer
Chief Financial Officer
Board of Directors
Chairman of the Board
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Klaveness Combination Carriers individual insiders in the past 3 months.
Why Klaveness Combination Carriers ASA's (OB:KCC) High P/E Ratio Isn't Necessarily A Bad Thing
The formula for price to earnings is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Klaveness Combination Carriers: P/E of 42.23 = $4.68 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.11 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … Klaveness Combination Carriers saw earnings per share decrease by 38% last year. … The Bottom Line On Klaveness Combination Carriers's P/E Ratio Klaveness Combination Carriers has a P/E of 42.2.
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Klaveness Combination Carriers: 0.038 = US$13m ÷ (US$363m - US$28m) (Based on the trailing twelve months to March 2019.) Therefore, Klaveness Combination Carriers has an ROCE of 3.8%. … Klaveness Combination Carriers's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … With barely any current liabilities, there is minimal impact on Klaveness Combination Carriers's admittedly low ROCE.
Is Klaveness Combination Carriers AS's (OB:KCC) 5.0% ROE Better Than Average?
Check out our latest analysis for Klaveness Combination Carriers How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Klaveness Combination Carriers: 5.0% = US$8.0m ÷ US$178m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Klaveness Combination Carriers's Debt And Its 5.0% Return On Equity Although Klaveness Combination Carriers does use debt, its debt to equity ratio of 0.82 is still low.
Klaveness Combination Carriers ASA owns and operates combination carriers in Norway, Far East, the Middle East, Australia, Brazil, and North America. As of December 31, 2019, it operated nine specialized caustic-bulk combination carriers to transport caustic soda solutions (CSS), floating fertilizers, and molasses, as well as various types of dry bulk commodities; and three clean petroleum products-bulk combination carrier that transports clean petroleum products and heavy liquid cargoes such as, CSS, as well as various types of dry bulk products. The company was founded in 2018 and is headquartered in Oslo, Norway. Klaveness Combination Carriers ASA is a subsidiary of Klaveness Ship Holding AS.
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