KONGSBERG AUTOMOTIVE ASA (KOA.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:KOA - NO0003033102 - Common Stock
2.16 NOK
-0.01 (-0.46%)
Overall KOA gets a fundamental rating of 3 out of 10. We evaluated KOA against 31 industry peers in the Automobile Components industry. KOA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. KOA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year KOA has reported negative net income.
- In the past year KOA had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: KOA reported negative net income in multiple years.
- In the past 5 years KOA always reported a positive cash flow from operatings.
1.2 Ratios
- KOA's Return On Assets of -2.80% is on the low side compared to the rest of the industry. KOA is outperformed by 70.97% of its industry peers.
- KOA's Return On Equity of -8.95% is on the low side compared to the rest of the industry. KOA is outperformed by 61.29% of its industry peers.
- With a Return On Invested Capital value of 0.62%, KOA is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
- KOA had an Average Return On Invested Capital over the past 3 years of 3.96%. This is below the industry average of 6.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.8% | ||
| ROE | -8.95% | ||
| ROIC | 0.62% |
ROA(3y)-2.65%
ROA(5y)-4.12%
ROE(3y)-9.12%
ROE(5y)-14.89%
ROIC(3y)3.96%
ROIC(5y)3.79%
1.3 Margins
- The Operating Margin of KOA (0.44%) is worse than 77.42% of its industry peers.
- KOA's Operating Margin has declined in the last couple of years.
- With an excellent Gross Margin value of 58.04%, KOA belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
- KOA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.44% | ||
| PM (TTM) | N/A | ||
| GM | 58.04% |
OM growth 3Y-32.91%
OM growth 5Y-20.33%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.56%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
- KOA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for KOA has been reduced compared to 1 year ago.
- Compared to 5 years ago, KOA has more shares outstanding
- The debt/assets ratio for KOA has been reduced compared to a year ago.
2.2 Solvency
- KOA has an Altman-Z score of 1.75. This is a bad value and indicates that KOA is not financially healthy and even has some risk of bankruptcy.
- KOA has a Altman-Z score of 1.75. This is comparable to the rest of the industry: KOA outperforms 54.84% of its industry peers.
- KOA has a debt to FCF ratio of 6.47. This is a slightly negative value and a sign of low solvency as KOA would need 6.47 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 6.47, KOA is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
- KOA has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of KOA (1.08) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 6.47 | ||
| Altman-Z | 1.75 |
ROIC/WACC0.07
WACC8.43%
2.3 Liquidity
- A Current Ratio of 1.93 indicates that KOA should not have too much problems paying its short term obligations.
- The Current ratio of KOA (1.93) is better than 96.77% of its industry peers.
- KOA has a Quick Ratio of 1.43. This is a normal value and indicates that KOA is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.43, KOA belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.43 |
3. Growth
3.1 Past
- KOA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.04%, which is quite impressive.
- The Revenue for KOA has decreased by -10.26% in the past year. This is quite bad
- Measured over the past years, KOA shows a decrease in Revenue. The Revenue has been decreasing by -7.45% on average per year.
EPS 1Y (TTM)62.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%118.89%
Revenue 1Y (TTM)-10.26%
Revenue growth 3Y-1.76%
Revenue growth 5Y-7.45%
Sales Q2Q%-10.3%
3.2 Future
- The Earnings Per Share is expected to grow by 45.35% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 1.60% on average over the next years.
EPS Next Y100%
EPS Next 2Y61.62%
EPS Next 3Y45.35%
EPS Next 5YN/A
Revenue Next Year-8.15%
Revenue Next 2Y-0.87%
Revenue Next 3Y1.6%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- KOA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
- The Price/Forward Earnings ratio is 13.92, which indicates a correct valuation of KOA.
- 67.74% of the companies in the same industry are cheaper than KOA, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, KOA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.92 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KOA is valued a bit more expensive than the industry average as 74.19% of the companies are valued more cheaply.
- KOA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KOA is cheaper than 67.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.85 | ||
| EV/EBITDA | 8.66 |
4.3 Compensation for Growth
- KOA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- KOA's earnings are expected to grow with 45.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y61.62%
EPS Next 3Y45.35%
5. Dividend
5.1 Amount
- No dividends for KOA!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
KONGSBERG AUTOMOTIVE ASA / KOA.OL FAQ
What is the fundamental rating for KOA stock?
ChartMill assigns a fundamental rating of 3 / 10 to KOA.OL.
What is the valuation status of KONGSBERG AUTOMOTIVE ASA (KOA.OL) stock?
ChartMill assigns a valuation rating of 4 / 10 to KONGSBERG AUTOMOTIVE ASA (KOA.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for KONGSBERG AUTOMOTIVE ASA?
KONGSBERG AUTOMOTIVE ASA (KOA.OL) has a profitability rating of 2 / 10.
How sustainable is the dividend of KONGSBERG AUTOMOTIVE ASA (KOA.OL) stock?
The dividend rating of KONGSBERG AUTOMOTIVE ASA (KOA.OL) is 0 / 10 and the dividend payout ratio is -3.18%.