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Klaveness Combination Carriers ASA

Klaveness Combination Carriers ASA

KCC.OL
Klaveness Combination Carriers ASANO flagOslo Stock Exchange
90.00
NOK
-1.00
- -
5.34BMarket Cap
Klaveness Combination Carriers ASA
KCC.OL
(Oslo Stock Exchange)

Recent

price

90.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.06
0.86
0.97
2.13
2.29
3.43
4.07
4.98
5.04
4.61
4.02
4.03
Revenue per Share
0.69
0.71
0.04
0.17
0.01
0.32
0.46
1.16
1.52
1.35
0.56
0.69
Basic EPS, GAAP
0.82
-0.87
-0.4
0.06
-2.22
-1.13
-1.5
1.83
2.39
1.81
0.93
0.66
Free Cash Flow per Basic Share
- -
0.87
0.24
0.21
0.06
0.1
0.15
0.81
1.17
1.3
0.3
0.74
Dividend per Share
4.32
2.5
2.17
1.79
1.38
1.96
2.24
2.43
2.6
2.5
2.81
2.57
Book Value per Share
5.64
3.66
3.62
3.72
3.57
4.56
5.23
5.69
6.35
5.96
6.17
5.92
Tangible Book Value per Share
48
48
48
48
60
47
49
52
57
60
59
60
Basic Weighted Avg Shares
51
41
46
102
137
163
198
261
287
278
238
242
Sales/Revenue/Turnover
39.45
24.65
14.54
13.66
8.56
17.8
15.46
29.01
35.9
34.23
18.4
21.9
Operating Margin (%)
21
13
17
17
14
19
29
31
32
30
35
32
Depreciation Expense
33
34
2
8
1
15
23
61
87
81
33
41
Net Income, GAAP
5.97
- -
1.23
- -
2.45
- -
0.03
- -
- -
- -
- -
- -
Effective Tax Rate (%)
64.39
82.84
3.82
7.84
0.44
9.33
11.42
23.35
30.26
29.26
14.01
17.11
Profit Margin (%)
180
51
37
81
42
53
43
3
63
47
41
38
Working Capital
45
81
95
132
205
289
329
227
222
199
247
226
LT Debt
270
175
173
178
213
217
254
298
362
360
366
354
Total Equity
- -
- -
2.34
- -
2.99
5.99
5.36
12.3
16.79
15.94
7.19
8.63
Return on Invested Capital (%)
- -
- -
2.36
- -
3.83
7.59
8.38
16.96
25.18
25.56
11.36
14
Return on Capital (%)
- -
20.82
1.58
8.41
0.71
17.32
22.41
51.55
63.1
54.44
21.05
26.6
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
26
26
26
LT Borrowings
199
214
226
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
59
Market Capitalization
397
355
361

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
95
79
87
Cash, Cash Equivalents & STI
56
45
47
Accounts Receivable, Net
15
19
25
Inventories
13
13
13
Total Current Liabilities
49
41
49
Payables & Accruals
- -
- -
- -
ST Debt
26
26
26
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.5%
11.44%
1.72%
Free Cash Flow
-520.54%
-44.08%
-49.73%
Net Income, GAAP
280.62%
39.13%
-58.96%
Sales/Revenue/Turnover
21.27%
9.22%
-14.3%
Total Cash Common Dividend
- -
107.4%
-77%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
74
73
73
59
278
2025
54
56
64
- -
238
2026
73
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.41
0.36
0.14
1.35
2025
0.07
0.11
0.17
- -
0.56
2026
0.26
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.35
0.3
0.3
1.3
2025
0.1
0.04
0.12
- -
0.3
2026
0.08
- -
- -
- -
- -
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Business
Klaveness Combination Carriers ASA owns and operates a fleet of combination carriers that switch between dry bulk and wet cargoes to minimize ballast voyages and deliver up to 40% lower carbon emissions compared to conventional vessels in the tanker and dry bulk segments; the fleet comprises eight CABU (Caustic-Bulk) vessels carrying caustic soda solution, vegetable oil, heavy liquid cargoes, floating fertilizer, and molasses alongside dry bulk commodities such as iron ore, alumina, sugar, grains, bauxite, salt, and coal; and eight CLEANBU (Clean Petroleum-Bulk) vessels transporting clean petroleum products (CPP) and the same range of dry bulk cargoes. Klaveness Combination Carriers ASA serves global trade routes including the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia, targeting customers in the caustic soda, alumina, petrochemical, and dry bulk industries. Founded in 2018 and headquartered in Oslo, Norway, the company is a subsidiary of Rederiaksjeselskapet Torvald Klaveness and traces its combination carrier expertise to the Torvald Klaveness group's operations since the early 1950s. In late 2024, Torvald Klaveness sold Klaveness Ship Management AS to OSM Thome, with Klaveness Combination Carriers ASA entering a new ship management agreement effective January 1, 2025, to maintain dedicated technical management and crewing while gaining access to expanded resources and digitalization initiatives; the company plans delivery of three advanced CABU III newbuilds in 2026, featuring zero-emission fuel readiness and approximately 35% lower carbon emissions versus first-generation CABUs; and in April 2025, it installed its first wind-assisted propulsion system with bound4blue's eSAIL on a vessel as part of a broader energy efficiency program funded partly by Enova. Klaveness Combination Carriers ASA collaborates with group entities including Klaveness Dry Bulk for spot dry cargoes and Klaveness Digital for supply chain optimization tools.