Company Valuation: Klaveness Combination Carriers ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 285.1 346.3 518.4 394.9 467.9 655.7 - -
Change - 21.46% 49.67% -23.82% 18.48% 40.14% - -
Enterprise Value (EV) 1 586 600.9 697.2 563.1 687.3 974.9 927 904.4
Change - 2.55% 16.03% -19.23% 22.04% 41.85% -4.91% -2.44%
P/E 11.7x 5.71x 5.64x 4.85x 14.1x 7.25x 10.5x 10.2x
PBR 1.04x 1.16x 1.43x 1.1x 1.28x 1.66x 1.66x 1.66x
PEG - 0x 0.2x -0.4x -0.2x 0x -0.3x 4.08x
Capitalization / Revenue 2.46x 2.1x 2.63x 2.06x 3.24x 2.57x 2.8x 2.69x
EV / Revenue 5.06x 3.65x 3.54x 2.93x 4.76x 3.82x 3.96x 3.71x
EV / EBITDA 8.73x 5.62x 5.17x 4.45x 8.62x 6.35x 7.24x 7.14x
EV / EBIT 15.3x 7.95x 6.76x 5.86x 15.3x 8.93x 11.4x 11.3x
EV / FCF -8x 6.28x 5.12x 5.22x -403x 62.2x 9.66x 9.83x
FCF Yield -12.5% 15.9% 19.5% 19.1% -0.25% 1.61% 10.4% 10.2%
Dividend per Share 2 0.22 0.81 1.25 1.05 0.285 1.352 1.127 1.073
Rate of return 4.04% 12.2% 14.6% 16% 3.61% 12.2% 10.2% 9.71%
EPS 2 0.464 1.16 1.52 1.35 0.56 1.524 1.056 1.082
Distribution rate 47.4% 69.8% 82.2% 77.8% 50.9% 88.8% 107% 99.2%
Net sales 1 115.9 164.6 196.8 191.9 144.4 255.3 234.2 243.5
EBITDA 1 67.1 107 134.9 126.5 79.77 153.5 128 126.7
EBIT 1 38.4 75.61 103.1 96.07 45.02 109.1 81.21 80.01
Net income 1 22.6 60.87 86.9 81.41 33.41 90.98 61.99 64.23
Net Debt 1 300.8 254.6 178.9 168.2 219.4 319.2 271.3 248.7
Reference price 2 5.45 6.62 8.58 6.55 7.89 11.05 11.05 11.05
Nbr of stocks (in thousands) 52,332 52,332 60,418 60,284 59,290 59,318 - -
Announcement Date 18/02/22 16/02/23 16/02/24 14/02/25 13/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.25x3.82x6.35x12.24% 656M
6.44x1.23x3.79x6.95% 17.03B
11.42x1.82x6.13x7.25% 7.72B
45.92x17.79x24.6x1.95% 5.25B
12.27x - - - 4.63B
9.8x2.8x8.04x8.9% 3.59B
7.12x3.42x5.48x12.37% 3.43B
12.35x0.81x2.4x4.09% 3.42B
4.98x2.51x3.37x - 2.74B
Average 13.06x 4.28x 7.52x 7.68% 5.38B
Weighted average by Cap. 12.71x 3.70x 7.08x 6.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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