# Kongsberg Maritime Asa (KMAR.OL)

Canonical: https://gigainvestors.com/s/KMAR.OL

Analysis as of: 2026-10-16T07:37:09.957Z. 

Listing currency: NOK. Reporting currency: NOK.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: NOK 61.40 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Up 1% since Apr 2026

Story as of 2026-10-16T10:01:27.908Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in aerospace & defense; annual sales are NOK 26.9 billion.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2025-12-31 (filed 2026-10-16T07:37:09.957Z); FY2025: revenue 26922000000; grossProfit 16438000000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 61.1% to 62.5% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2023-12-31 (filed 2026-10-16T07:37:09.957Z); FY2023: grossProfit / revenue = 61.7%.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2024-12-31 (filed 2026-10-16T07:37:09.957Z); FY2024: grossProfit / revenue = 62.5%.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2025-12-31 (filed 2026-10-16T07:37:09.957Z); FY2025: grossProfit / revenue = 61.1%.

### Where the cash goes

Reinvests 16% of cash earnings.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2023-12-31 (filed 2026-10-16T07:37:09.957Z); FY2023: growth capex 0; upkeep 412000000; cash acquisitions 0; owner earnings 1201200000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2024-12-31 (filed 2026-10-16T07:37:09.957Z); FY2024: growth capex 0; upkeep 387000000; cash acquisitions 5000000; owner earnings 2410600000. Growth capex plus acquisitions / owner earnings = 0.002074172405210321.

- Source: https://eodhd.com/api/fundamentals/KMAR.OL.json#2025-12-31 (filed 2026-10-16T07:37:09.957Z); FY2025: growth capex 0; upkeep 445000000; cash acquisitions 579000000; owner earnings 3625800000. Growth capex plus acquisitions / owner earnings = 0.15968889624358762.

### Are managers owners

Insiders own 53.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); KMAR.OL SharesStats.PercentInsiders = 53.141000000000005 percentage points; cache date 2026-10-16.

### What the price says

The price is 2 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:37:09.957Z); Closing price 61.4 NOK; reporting-to-trading FX 1; FY2025 annual sales per share 30.606772442461082; price multiple 2.006091956132531. FY2025 cash earnings/share 4.122057630260582. Closing-price date 2026-10-15.

## Monthly share-price history (NOK per share)

- 2026-04: NOK 60.72 per share

- 2026-05: NOK 58.32 per share

- 2026-06: NOK 51.24 per share

- 2026-07: NOK 53.30 per share

- 2026-08: NOK 57.40 per share

- 2026-09: NOK 60.76 per share

- 2026-10: NOK 61.40 per share

## Annual estimated value (NOK per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.