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Kongsberg Automotive ASA (KOA) Fair Value & Analysis

Consumer Cyclical · NO · Market cap 2.0B NOK

KA Kongsberg Automotive ASA KOA · OL
Pricekr 2.11
Fair Valuekr 2.25
Upside+6.5%
Quality64/100
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Weak Growth
Thin margins · 2.1% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 34/100
Evidence: High Range kr 2.05 – kr 2.44 Share as image

Fair value as of: Jul 20, 2026

From 20 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from kr 0.2500 to kr 2.25 (+798.5%) since Jul 19, 2026. Share price +3.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from kr 2.05 (bear) to kr 2.44 (bull), base kr 2.25. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 3.30 kr 1.24 Fair Value kr 2.25 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range kr 1.24 – kr 3.30 · fair‑value band kr 2.05 – kr 2.44 · the kr 2.11 price screens below the kr 2.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Kongsberg Automotive ASA (KOA) currently trades at kr 2.11, while our model-based Fair Value estimate is kr 2.25, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kongsberg Automotive ASA generated revenue of 702M NOK at a net margin of 1.1%. Revenue declined 5.5% year over year. It earns a return on equity of 3.9%. Net debt stands at 42.3M NOK. Fundamentals as of Jul 20, 2026

Our scenario range runs from kr 2.05 (bear case) to kr 2.44 (bull case); at kr 2.11, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 6%, KOA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 0.0100 to kr 0.5400). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF kr 0.3400 kr 0.4400 kr 0.6000 80
Residual Income kr 0.1200 kr 0.1100 kr 0.0700 76
Rev-Margin DCF kr 0.1900 kr 0.2700 kr 0.3700 74
All 20 models by family
DCF Models
FCF DCF kr 0.3300 kr 0.4300 kr 0.6200 38
Owner Earnings kr 0.0800 kr 0.1100 kr 0.1800 31
5Y Revenue Exit kr 0.1900 kr 0.2600 kr 0.3600 39
5Y EBITDA Exit kr 0.3300 kr 0.4900 kr 0.7100 41
5Y P/E Exit kr 0.1200 kr 0.1300 kr 0.1500 38
10Y Revenue Exit kr 0.2500 kr 0.3000 kr 0.3600 36
10Y EBITDA Exit kr 0.3300 kr 0.4400 kr 0.5500 37
10Y P/E Exit kr 0.2100 kr 0.2300 kr 0.2400 35
Earnings-Based
EPV kr 0.0200 kr 0.0300 kr 0.0400 59
Dividend Discount
Gordon GGM kr 0.0100 kr 0.0100 kr 0.0100 70
DDM Multi-Stage kr 0.0100 kr 0.0100 kr 0.0100 61
Multiples
P/E Multiple kr 0.0100 63
EV/EBIT kr 0.1800 kr 0.2500 kr 0.3300 53
EV/EBITDA kr 0.3900 kr 0.5400 kr 0.6900 54
EV/Revenue kr 0.1100 kr 0.1700 kr 0.2400 43
Asset-Based
NCAV (Graham) kr 0.1000 kr 0.1300 kr 0.1900 50
Growth DCF
Growth DCF kr 0.3400 kr 0.4400 kr 0.6000 80
Rev-Margin DCF kr 0.1900 kr 0.2700 kr 0.3700 74
Economic Profit
Residual Income kr 0.1200 kr 0.1100 kr 0.0700 76
ROIC Compounder kr 0.0200 kr 0.0300 kr 0.0400 72

Widest divergence: Growth DCF (kr 0.2700) versus Dividend Discount (kr 0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 704M NOK
Revenue growth (YoY) +0.6%
Net margin 2.1%
Return on equity 7.9%
Free cash flow 42.2M NOK FY2025
P/E ratio 19.2
More key figures
Operating margin 5.1%
EPS (TTM) kr 0.1100
EPS growth (YoY) -6.8%
Net debt 42.3M NOK FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 64

Profitability 49
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide. The company operates through Drive Control Systems (DCS) and Flow Control Systems (FCS) segments.

Full company description

Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide. The company operates through Drive Control Systems (DCS) and Flow Control Systems (FCS) segments. The Drive Control Systems (DCS) segment engages in the designing and manufacturing of products for the automotive and the off-highway industry, including pneumatic and electric actuation systems for gear control and clutch actuation; steering column modules; and pedals and throttles for off-highway applications. The Flow Control Systems (FCS) segment designs and manufactures products for both the automotive and commercial vehicle markets, as well as industrial applications. This segment's portfolio includes couplings for air brake and air suspension systems; and clean powertrain fluid assemblies, as well as chassis and battery coolant solutions. It serves original equipment manufacturers (OEMs) and Tier 1 suppliers in commercial vehicle, off-highway, and passenger car markets. The company was formerly known as Kongsberg Automotive Holding ASA and changed its name to Kongsberg Automotive ASA in August 2014. Kongsberg Automotive ASA was founded in 1957 and is based in Kongsberg, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kongsberg Automotive ASA reported revenue of kr 713M in FY2025 versus kr 831M in FY2021, a compound −3.8%/yr. Reported net income was kr 200K in FY2025, compounding −55.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
713M NOK
Latest YoY
−9.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.0%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.7%
Revenue −3.8%/yr
FY21 kr 831M
FY22 kr 906M
FY23 kr 885M
FY24 kr 788M
FY25 kr 713M
Net income −55.5%/yr
FY21 kr 5.1M
FY22 kr 26.5M
FY23 −kr 59.5M
FY24 −kr 18.2M
FY25 kr 200K
Character of growth · EPS growth decomposed (2011-2022) −3.6 % p.a.
Revenue per share −13.6 pp

of which total revenue −1.4 pp · buybacks/dilution −12.2 pp

EBIT margin +4.7 pp
Tax rate −2.3 pp
Residual (interest, one-offs) +7.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Kongsberg Automotive ASA Fair Value". https://www.fairvalue-calculator.com/stock/KOA

Peer Group

Auto Parts · 642 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +7% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 1% · Below median
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 19.2× · Cheaper than median
P/B 1.15× · Cheaper than median
P/S (TTM) 0.30× · Cheaper than 75% of peers
P/FCF 4.9× · Pricier than median
EV/EBITDA 5.1× · Cheaper than 75% of peers
PEG 0.05× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 16
FUTURE 3 · sector 23
PAST 32 · sector 26
HEALTH 63 · sector 95
DIVIDEND 0 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

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Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
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Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Kongsberg Automotive ASA (KOA) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of kr 2.25 versus a price of kr 2.11, about +6% (fairly valued).
What is the fair value of KOA?
Our model-based fair value for Kongsberg Automotive ASA is kr 2.25 (as of Jul 20, 2026), built from audited fundamentals. The current price is kr 2.11.
What is the quality score of KOA?
Kongsberg Automotive ASA has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kongsberg Automotive ASA (KOA)?
Kongsberg Automotive ASA reported trailing-twelve-month revenue of about 702M NOK (latest available figure, as of Jul 20, 2026).
What is the net profit margin of KOA?
The net profit margin of Kongsberg Automotive ASA is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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