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 1 285.1 346.3 518.4 394.9 467.9 627.7 - -
Change - 21.46% 49.67% -23.82% 18.48% 34.16% - -
Enterprise Value (EV) 1 586 600.9 697.2 563.1 687.3 947.2 912.8 876.7
Change - 2.55% 16.03% -19.23% 22.04% 37.82% -3.63% -3.95%
P/E 11.7x 5.71x 5.64x 4.85x 14.1x 6.98x 10.1x 9.78x
PBR 1.04x 1.16x 1.43x 1.1x 1.28x 1.59x 1.59x 1.59x
PEG - 0x 0.2x -0.4x -0.2x 0x -0.3x 2.62x
Capitalization / Revenue 2.46x 2.1x 2.63x 2.06x 3.24x 2.47x 2.68x 2.58x
EV / Revenue 5.06x 3.65x 3.54x 2.93x 4.76x 3.73x 3.9x 3.6x
EV / EBITDA 8.73x 5.62x 5.17x 4.45x 8.62x 6.18x 7.13x 6.92x
EV / EBIT 15.3x 7.95x 6.76x 5.86x 15.3x 8.7x 11.2x 11x
EV / FCF -8x 6.28x 5.12x 5.22x -403x 63.1x 9.51x 9.53x
FCF Yield -12.5% 15.9% 19.5% 19.1% -0.25% 1.58% 10.5% 10.5%
Dividend per Share 2 0.22 0.81 1.25 1.05 0.285 1.34 1.127 1.073
Rate of return 4.04% 12.2% 14.6% 16% 3.61% 12.7% 10.6% 10.1%
EPS 2 0.464 1.16 1.52 1.35 0.56 1.516 1.043 1.082
Distribution rate 47.4% 69.8% 82.2% 77.8% 50.9% 88.4% 108% 99.2%
Net sales 1 115.9 164.6 196.8 191.9 144.4 254 234.2 243.5
EBITDA 1 67.1 107 134.9 126.5 79.77 153.2 128 126.7
EBIT 1 38.4 75.61 103.1 96.07 45.02 108.9 81.21 80.01
Net income 1 22.6 60.87 86.9 81.41 33.41 90.73 61.99 64.23
Net Debt 1 300.8 254.6 178.9 168.2 219.4 319.5 285.1 249
Reference price 2 5.45 6.62 8.58 6.55 7.89 10.58 10.58 10.58
Nbr of stocks (in thousands) 52,332 52,332 60,418 60,284 59,290 59,318 - -
Announcement Date 2/18/22 2/16/23 2/16/24 2/14/25 2/13/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.49x1.18x4.04x10.02% 13.68B
9.98x1.59x5.42x7.34% 6.58B
44.92x17.13x24.65x2.03% 5B
14.88x - - - 4.59B
8.93x2.78x7.38x11.12% 3.39B
7.96x3.51x5.57x12.65% 3.21B
7.83x0.83x2.56x2.73% 3.04B
5.4x - -173.47x12.79% 2.66B
5.14x2.36x3.39x - 2.58B
Average 12.50x 4.20x -15.06x 8.38% 4.97B
Weighted average by Cap. 12.71x 3.78x -4.66x 8.42%

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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