Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Kongsberg Maritime ASA is a marine technology company that delivers systems and solutions for a wide range of commercial and offshore marine applications. The company focuses on products and systems for positioning and navigation, marine automation, and control, supporting operations for merchant shipping, offshore energy, subsea activities, and coastal infrastructure. Its portfolio includes integrated bridge systems, dynamic positioning, propulsion control, and vessel automation, as well as sensors and underwater acoustics used for seabed mapping, monitoring, and subsea operations. Kongsberg Maritime ASA serves shipowners, shipyards, offshore operators, and maritime authorities worldwide, helping customers enhance operational efficiency, safety, and environmental performance in demanding marine environments. Headquartered in Norway, the company operates globally through a network of subsidiaries and partners, playing a significant role in critical marine industries such as offshore oil and gas, renewables, fisheries, research, and commercial shipping.
NOK 4.53
NOK 0.01 (-0.20%)
EOD Jul 1, 2026
12.83% operating margin is respectable but not wide. ROIC at 31.88%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.3%, steady but not accelerating.
ROIC dropped from 34.27% to 31.88%, capital efficiency is deteriorating.
1.1x earnings, 0.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 26.92B
▲ +6.3% YoY
Net Income (TTM)
NOK 3.78B
▲ +51.6% YoY
Op. Margin
12.83%
▼ -0.5pp YoY
ROIC
31.88%
▼ -2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 4.30B
▲ +23.9% YoY
Op. Cash Flow (TTM)
NOK 5.07B
▲ +39.3% YoY
Net Debt
NOK 3.49B
Cash & Equiv.
NOK 861M
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At a P/E of 1.1 and a price-to-free-cash-flow of 0.9, Kongsberg Maritime ASA (KMAR.XOSL) trades below a two-stage DCF intrinsic value of about NOK 242.74 per share, so at NOK 4.53 the stock looks undervalued (5,262.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Kongsberg Maritime ASA scores 94/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 242.74 per share for KMAR.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 182.06. At today's NOK 4.53, that puts the stock about 5,262.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Kongsberg Maritime ASA scores 94 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 12.8% operating margin and a 31.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. KMAR.XOSL currently trades below its estimated intrinsic value and scores 94/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.