KOG Stock Analysis: Kongsberg Gruppen ASA | OL
Aerospace & Defense | OL, Norway | Market Cap: 248.226m NOK | 12M Return: -3.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 399M
EPS Trend: -22.9%
Qual. Beats: 0
Rev. Trend: 50.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kongsberg Gruppen ASA is a Norwegian high-tech company founded in 1814 and headquartered in Kongsberg, Norway. It provides systems and solutions primarily to defense customers through three segments: Kongsberg Defence & Aerospace (air defense systems, sonars, naval missiles, remote weapon stations, command and control systems, and F-35 components), Kongsberg Discovery (subsea positioning, communication, and autonomous underwater and surface vessels), and Other (digitalization solutions for oil and gas, and renewable energy). The company sells through direct sales, partnerships, and alliances, and operates across Norway, Europe, North America, South America, Asia, Australia, and Africa.
The company sits within the Aerospace & Defense sub-industry of the Industrials sector, where suppliers typically earn long-cycle, multi-year contracts tied to government defense budgets and major military platforms. Kongsbergs role as a tier-one supplier on programs such as the F-35 joint strike fighter and on naval strike missile systems illustrates how Nordic defense firms participate in multinational consortia rather than competing purely as national contractors.
- NATO defense spending surge expands missile order backlog
- F-35 components and NSM missile exports drive revenue growth
- Capital returns to shareholders through dividends and buybacks
| Net Income: 7.34b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 1.29 > 1.0 |
| NWC/Revenue: -12.34% < 20% (prev 5.19%; Δ -17.53% < -1%) |
| CFO/TA 0.24 > 3% & CFO 15.0b > Net Income 7.34b |
| Net Debt (-2.81b) to EBITDA (8.96b): -0.31 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (879.6m) vs 12m ago 0.01% < -2% |
| Gross Margin: 69.15% > 18% (prev 82.82%; Δ -13.68% > 0.5%) |
| Asset Turnover: 62.21% > 50% (prev 73.46%; Δ -11.25% > 0%) |
| Interest Coverage Ratio: 10.37 > 6 (EBIT TTM 7.24b / Interest Expense TTM 698.0m) |
| A: -0.08 (Total Current Assets 37.8b - Total Current Liabilities 42.9b) / Total Assets 61.8b |
| B: 0.10 (Retained Earnings 6.13b / Total Assets 61.8b) |
| C: 0.11 (EBIT TTM 7.24b / Avg Total Assets 67.1b) |
| D: 0.25 (Book Value of Equity 12.3b / Total Liabilities 48.7b) |
| Altman-Z'' = 0.77 = B |
| DSRI: 0.48 (Receivables 9.39b/24.7b, Revenue 41.7b/53.1b) |
| GMI: 1.20 (GM 82.82% / 69.15%) |
| AQI: 1.41 (AQ_t 0.23 / AQ_t-1 0.16) |
| SGI: 0.79 (Revenue 41.7b / 53.1b) |
| TATA: -0.12 (NI 7.34b - CFO 15.0b) / TA 61.8b) |
| Beneish M = -3.20 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at NOK 291.40 with a total of 879,381 shares traded. Over the past week, the price has changed by +5.16%, over one month by -0.58%, over three months by -6.33% and over the past year by -3.23%.
Current recommended Stop Loss: 278.30 (which is 4.5% or 1.2 ATR below the current price).
Kongsberg Gruppen ASA has no consensus analysts rating.
P/E Trailing = 47.1906
P/E Forward = 42.3729
P/S = 6.948
P/B = 19.7466
P/EG = 2.171
Revenue TTM = 41.7b NOK
EBIT TTM = 7.24b NOK
EBITDA TTM = 8.96b NOK
Long Term Debt = 1.00b NOK (from longTermDebt, last quarter)
Short Term Debt = 100.0m NOK (from shortLongTermDebt, last quarter)
Debt = 2.05b NOK (Leases only: 2.05b)
Net Debt = -2.81b NOK (calculated: Debt 2.05b - CCE 4.86b)
Enterprise Value = 245b NOK (248b + Debt 2.05b - CCE 4.86b)
Interest Coverage Ratio = 10.37 (Ebit TTM 7.24b / Interest Expense TTM 698.0m)
EV/FCF = 24.78x (Enterprise Value 245b / FCF TTM 9.90b)
FCF Yield = 4.03% (FCF TTM 9.90b / Enterprise Value 245b)
FCF Margin = 23.73% (FCF TTM 9.90b / Revenue TTM 41.7b)
Net Margin = 17.59% (Net Income TTM 7.34b / Revenue TTM 41.7b)
Gross Margin = 69.15% ((Revenue TTM 41.7b - Cost of Revenue TTM 12.9b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 3.97 (Enterprise Value 245b / Total Assets 61.8b)
Interest Expense / Debt = 33.98% (Interest Expense 698.0m / Debt 2.05b)
Taxrate = 18.09% (1.32b / 7.27b)
NOPAT = 5.93b (EBIT 7.24b * (1 - 18.09%))
Current Ratio = 0.88 (Total Current Assets 37.8b / Total Current Liabilities 42.9b)
Debt / Equity = 0.17 (Debt 2.05b / totalStockholderEquity, last quarter 12.3b)
Debt / EBITDA = -0.31 (Net Debt -2.81b / EBITDA 8.96b)
Debt / FCF = -0.28 (Net Debt -2.81b / FCF TTM 9.90b)
Total Stockholder Equity = 19.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.94% (Net Income 7.34b / Total Assets 61.8b)
RoE = 37.23% (Net Income TTM 7.34b / Total Stockholder Equity 19.7b)
RoCE = 34.94% (EBIT 7.24b / Capital Employed (Equity 19.7b + L.T.Debt 1.00b))
RoIC = 32.24% (NOPAT 5.93b / Invested Capital 18.4b)
WACC = 6.12% (E(248b)/V(250b) * Re(5.94%) + D(2.05b)/V(250b) * Rd(33.98%) * (1-Tc(0.18)))
Discount Rate = 5.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.92 | Cagr: -0.18%
[DCF] Terminal Value 74.41% ; FCFF base≈10.2b ; Y1≈9.63b ; Y5≈9.02b
[DCF] Fair Price = 164.9 (EV 142b - Net Debt -2.81b = Equity 145b / Shares 879.6m; r=8.35% [WACC [floored]]; 5y FCF grow -7.15% → 2.50% )
EPS Correlation: -22.86 | EPS CAGR: -3.89% | SUE: -0.30 | # QB: 0
Revenue Correlation: 50.80 | Revenue CAGR: 6.50% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.65 | Chg30d=-9.23% | Revisions=-40% | Analysts=2
EPS current Year (2026-12-31): EPS=7.22 | Chg30d=+2.27% | Revisions=+17% | GrowthEPS=-20.2% | GrowthRev=-26.1%
EPS next Year (2027-12-31): EPS=11.28 | Chg30d=+2.90% | Revisions=+38% | GrowthEPS=+56.2% | GrowthRev=+47.3%
[Analyst] Revisions Ratio: +15% (up=6, down=4)