Added to YB: 2026-09-10
Pitch date: 2026-09-08
KMAR.OL [bullish]
Kongsberg Maritime ASA
-0.97%
current return
Author Info
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Company Info
Kongsberg Maritime ASA, along with its subsidiaries, provides products and systems for positioning and navigation, marine automation, onshore and offshore installations, merchant marine, and safety management solutions.
Market Cap
NOK 49.8B
Pitch Price
NOK 57.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.78
P/E
18.63
EV/Sales
1.81
Sector
Machinery
Category
special_situation
Kongsberg Maritime – mispriced post demerger with strong insider buying and structural tailwinds
KMAR.OL: Kongsberg Maritime’s post-demerger selloff and passive-index selling may have created a valuation opportunity: a reverse DCF implies the market prices in 4.49% free-cash-flow growth, while management targets 10% through-cycle revenue CAGR excluding M&A. A record NOK28.4bn backlog, aging fleets, naval demand and substantial insider buying support the case. The key risk is execution, with Q2 EBITDA margin at 12.5% versus a >16% target amid FX and aftermarket headwinds.
Read full article (8 min)