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Klaveness Combination Carriers

OB:KCC
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KCC
OB
NOK1B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

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. More info.


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  • Klaveness Combination Carriers has significant price volatility in the past 3 months.
KCC Share Price and Events
7 Day Returns
-6.5%
OB:KCC
5%
NO Shipping
4.8%
NO Market
1 Year Returns
-48.2%
OB:KCC
-34.1%
NO Shipping
-24.3%
NO Market
KCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klaveness Combination Carriers (KCC) -6.5% -17.8% -33.9% -48.2% - -
NO Shipping 5% -23.7% -34.9% -34.1% -49.7% -49.2%
NO Market 4.8% -17% -25% -24.3% -10.7% -9.4%
1 Year Return vs Industry and Market
  • KCC underperformed the Shipping industry which returned -34.1% over the past year.
  • KCC underperformed the Market in Norway which returned -24.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

KCC Value

 Is Klaveness Combination Carriers 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 Klaveness Combination Carriers 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 Klaveness Combination Carriers.

OB:KCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .040000
Payout Ratio Company Filings (2019-12-31) 9526.5%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year NO Government Bond Rate 0.7%

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 OB:KCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.582 (1 + (1- 23%) (172.28%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (1.186 * 5.44%)
7.1%

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.

See our documentation to learn about this calculation.

OB:KCC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.04 / (7.1% - 0.65%)
$5.95
OB:KCC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:KCC)
10.534
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $0.56 x 10.534
NOK5.95
Value per share (NOK) From above. NOK5.95
Current discount Discount to share price of NOK29.00
= -1 x (NOK29.00 - NOK5.95) / NOK5.95
-387.8%

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

  • The current share price of Klaveness Combination Carriers is above its future cash flow value.
Often investors are willing to pay a premium 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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klaveness Combination Carriers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:KCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.01
OB:KCC Share Price ** OB (2020-04-03) in NOK NOK29
OB:KCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $2.75
Norway Shipping Industry PE Ratio Median Figure of 14 Publicly-Listed Shipping Companies 14.17x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 9.77x

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

** Primary Listing of Klaveness Combination Carriers.

OB:KCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KCC Share Price ÷ EPS (both in USD)

= 2.75 ÷ 0.01

275.29x

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

  • Klaveness Combination Carriers is overvalued based on earnings compared to the NO Shipping industry average.
  • Klaveness Combination Carriers is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Klaveness Combination Carriers's expected growth come at a high price?
Raw Data
OB:KCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 275.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.52x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Klaveness Combination Carriers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Klaveness Combination Carriers's assets?
Raw Data
OB:KCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.45
OB:KCC Share Price * OB (2020-04-03) in NOK NOK29
OB:KCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $2.75
Norway Shipping Industry PB Ratio Median Figure of 20 Publicly-Listed Shipping Companies 0.64x
Norway Market PB Ratio Median Figure of 249 Publicly-Listed Companies 0.73x
OB:KCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KCC Share Price ÷ Book Value per Share (both in USD)

= 2.75 ÷ 4.45

0.62x

* Primary Listing of Klaveness Combination Carriers.

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

  • Klaveness Combination Carriers is good value based on assets compared to the NO Shipping industry average.
X
Value checks
We assess Klaveness Combination Carriers'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Klaveness Combination Carriers has a total score of 1/6, 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.

KCC Future Performance

 How is Klaveness Combination Carriers expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 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
33.2%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klaveness Combination Carriers expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
OB:KCC Future Growth Rates Data Sources
Data Point Source Value (per year)
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 33.2%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 19.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*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
OB:KCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:KCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 137 32 1
2019-09-30 125 25 0
2019-06-30 120 18 0
2019-03-31 117 24 4
2018-12-31 102 28 8
2018-09-30 87 26 11
2017-12-31 46 25 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
OB:KCC 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 0 Analyst Estimates (S&P Global) See Below

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

OB:KCC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.01
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 0.11
2018-12-31 0.23
2018-09-30 0.37
2017-12-31 0.08

*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.
  • Unable to establish if Klaveness Combination Carriers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Klaveness Combination Carriers's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  2. Klaveness Combination Carriers's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Klaveness Combination Carriers'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 Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway 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.
Klaveness Combination Carriers 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.

KCC Past Performance

  How has Klaveness Combination Carriers 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 Klaveness Combination Carriers's growth in the last year to its industry (Shipping).
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.
  • Insufficient data to establish if Klaveness Combination Carriers's year on year earnings growth rate was positive over the past 5 years.
  • Klaveness Combination Carriers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Klaveness Combination Carriers's 1-year earnings growth is negative, it can't be compared to the NO Shipping industry average.
Earnings and Revenue History
Klaveness Combination Carriers'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 Klaveness Combination Carriers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:KCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 136.52 0.60 5.49
2019-09-30 124.78 -0.47 5.46
2019-06-30 119.59 -0.47 5.12
2019-03-31 117.02 4.41 4.52
2018-12-31 101.82 7.98 3.92
2018-09-30 87.40 10.83 3.06
2017-12-31 46.24 2.09 1.34

*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.
  • Klaveness Combination Carriers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Klaveness Combination Carriers used its assets less efficiently than the NO Shipping industry average last year based on Return on Assets.
  • Unable to establish if Klaveness Combination Carriers improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Klaveness Combination Carriers'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 Shipping 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.
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.

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

KCC Health

 How is Klaveness Combination Carriers'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 Klaveness Combination Carriers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
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 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.
  • Debt is not covered by short term assets, assets are 0.4x debt.
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 Klaveness Combination Carriers Company Filings, last reported 3 months ago.

OB:KCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 213.88 225.97 58.17
2019-09-30 211.40 225.45 68.16
2019-06-30 211.85 206.22 129.07
2019-03-31 177.91 174.48 73.91
2018-12-31 178.09 146.53 88.73
2018-09-30 134.56 142.78 42.64
2017-12-31 173.31 116.82 51.54
  • Klaveness Combination Carriers's level of debt (105.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Klaveness Combination Carriers's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Klaveness Combination Carriers'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. Klaveness Combination Carriers has a total score of 1/6, 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.

KCC Dividends

 What is Klaveness Combination Carriers'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
1.45%
Current annual income from Klaveness Combination Carriers dividends.
If you bought NOK2,000 of Klaveness Combination Carriers shares you are expected to receive NOK29 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?
  • Klaveness Combination Carriers's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (3.78%).
  • Klaveness Combination Carriers's dividend is below the markets top 25% of dividend payers in Norway (8.06%).
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
OB:KCC 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 0 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Norway Market Average Dividend Yield Market Cap Weighted Average of 107 Stocks 6.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 2.1%
Norway Bottom 25% Dividend Yield 25th Percentile 3.8%
Norway Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

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

OB:KCC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.040 1.353
2020-02-25 0.040 1.229
2019-11-08 0.040 0.809
2019-08-26 0.040 0.808
2019-04-30 0.035 0.689

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

  • Klaveness Combination Carriers is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Klaveness Combination Carriers is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Klaveness Combination Carriers's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Klaveness Combination Carriers's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Klaveness Combination Carriers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - 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 Klaveness Combination Carriers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klaveness Combination Carriers has a total score of 0/6, see the detailed checks below.


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

KCC Management

 What is the CEO of Klaveness Combination Carriers'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
Engebret Dahm
AGE 54
TENURE AS CEO 1.3 years
CEO Bio

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.

CEO Compensation
  • 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.
Management Team

Engebret Dahm

TITLE
Chief Executive Officer
AGE
54
TENURE
1.3 yrs

Liv Dyrnes

TITLE
Chief Financial Officer
Board of Directors

Lasse Kristoffersen

TITLE
Chairman of the Board
AGE
47

Magne Øvreås

TITLE
Board Member

Morten Skedsmo

TITLE
Board Member
AGE
50

Lori Næss

TITLE
Board Member

Stephanie Wu

TITLE
Board Member
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.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
29. Mar 20 Buy EGD Holding AS Company 27. Mar 20 27. Mar 20 4 NOK30.00 NOK120
27. Mar 20 Buy Inga Frøysa Individual 27. Mar 20 27. Mar 20 2,500 NOK32.00 NOK80,000
26. Mar 20 Buy Inga Frøysa Individual 26. Mar 20 26. Mar 20 1,987 NOK32.00 NOK63,584
24. Mar 20 Buy EGD Holding AS Company 24. Mar 20 24. Mar 20 2,864 NOK30.00 NOK85,920
12. Mar 20 Buy Ingri Langemyr Individual 12. Mar 20 12. Mar 20 1,500 NOK28.00 NOK42,000
12. Mar 20 Buy Liv Dyrnes Individual 12. Mar 20 12. Mar 20 1,000 NOK28.00 NOK28,000
10. Mar 20 Buy Engebret Dahm Individual 10. Mar 20 10. Mar 20 1,500 NOK32.00 NOK48,000
09. Mar 20 Buy Lasse Kristoffersen Individual 09. Mar 20 09. Mar 20 3,000 NOK30.00 NOK90,000
04. Mar 20 Buy Engebret Dahm Individual 04. Mar 20 04. Mar 20 1,300 NOK40.00 NOK52,000
30. Dec 19 Buy EGD Holding AS Company 30. Dec 19 30. Dec 19 14,000 NOK47.18 NOK660,520
X
Management checks
We assess Klaveness Combination Carriers'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. Klaveness Combination Carriers 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.

KCC News

Simply Wall St News

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.

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Should Klaveness Combination Carriers ASA’s (OB:KCC) Weak Investment Returns Worry You?

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.

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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.

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KCC Company Info

Description

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.

Details
Name: Klaveness Combination Carriers ASA
KCC
Exchange: OB
Founded: 2018
NOK1,392,694,173
48,023,937
Website: http://www.combinationcarriers.com
Address: Klaveness Combination Carriers ASA
Drammensveien 260,
Oslo,
Oslo, 0283,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KCC Common Shares Oslo Bors NO NOK 29. Oct 2018
DB 36K Common Shares Deutsche Boerse AG DE EUR 29. Oct 2018
Number of employees
Current staff
Staff numbers
0
Klaveness Combination Carriers employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 02:13
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/25
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.