Kongsberg Gruppen ASA
KOG: XOSL (NOR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NOK 498.00 | Dmjk | Rdshjnmtb |
Increasing Our Fair Value Estimate for Kongsberg to NOK 850 on the Back of Higher Defense Spending
Business Strategy and Outlook
Kongsberg Gruppen maintains a healthy balance between its civil (60% of revenue) and defense sectors (40% of the revenue). We believe that the company has a positive outlook, supported by strong civil and defense order backlogs and increasing aftermarket business.