olivLaw · European equity research
KMC Properties ASA BINT.OL
Norway · Euronext Oslo Børs · ISIN NO0013711721 · Vertical: Listed companies from Norway
KMC Properties ASA, listed on Oslo Børs, currently conducts no business activity following its transaction with Logistea AB. Equity at 31 December 2024 was limited, and management is evaluating several strategic alternatives under significant uncertainty about its going concern.
At the close of 06 Nov 2026, KMC Properties ASA (BINT.OL) stock was 21.90 NOK (−2.23% on the day), with beta 0.33, 52-week range 19.75–41.52 NOK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 55.7
- strong (55–70)
- Bollinger (20, 2)
- 19.28 – 22.15
- in the upper half of the band · %B 0.91 · band width 13.8%
- SMA 50 / 200
- 21.39 / 24.56
- mixed trend
- MACD (12, 26, 9)
- -0.02 / -0.25
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.4% | −0.2% | +8.6 pp | — |
| 3 months | −7.2% | −5.4% | −1.8 pp | — |
| 6 months | −13.8% | +4.4% | −18.2 pp | — |
| Year to date | −40.6% | +6.5% | −47.1 pp | — |
| 1 year | −37.1% | +10.0% | −47.1 pp | −5.7% |
| 3 years | +133.0% | +48.6% | +84.4 pp | +15.0% |
| 5 years | +27.6% | +41.4% | −13.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | -163.2 m | -78.0 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | unavailable | unavailable |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2023 · 31 Dec 2023
- Cash
- 275.0 m NOK
- Financial debt
- 3.5 bn NOK
- Net debt
- 3.3 bn NOK
- Equity
- 2.8 bn NOK
- Total assets
- 6.6 bn NOK
- Debt / equity
- 1.26x
- Current ratio
- 0.61x
- ROE
- -3.0%
- ROA
- -1.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (NOK)
Income statement · NOK
Balance sheet · NOK
| Line | 2022 | 2023 | Source (latest year) |
|---|---|---|---|
| Cash | 186.5 m | 275.0 m | esef· 23 Apr 2024verified |
| Current assets | 200.3 m | 304.0 m | esef· 08 May 2025verified |
| Total assets | 5.8 bn | 6.6 bn | esef· 08 May 2025verified |
| Short-term debt | 1.9 bn | 363.0 m | esef· 08 May 2025verified |
| Long-term debt | 1.2 bn | 3.2 bn | esef· 23 Apr 2024verified |
| Current liabilities | 2.0 bn | 501.0 m | esef· 08 May 2025verified |
| Total liabilities | 3.4 bn | 3.8 bn | esef· 08 May 2025verified |
| Equity | 2.4 bn | 2.8 bn | esef· 08 May 2025verified |
Cash flow · NOK
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 1 of at least 6
- score weight coverage: 4.2% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
4% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 1 of at least 6; score weight coverage: 4.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 7.0x | 100 (on a fixed band) | 100% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KMC PROPERTIES ASA (BINT.OL). Latest full fiscal year: 2023; data up to 2024-12-31.
Figures computed from the financial statements: ROE -5.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 1 of at least 6; score weight coverage: 4.2% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 7.0x
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 79.8 bn | 20.3 | 7.9% | 21.4% | +42.5% | +36% / +59% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +8% / +69% |
| ELK.OLElkem Asa | 19.2 bn | 39.3 | 1.9% | 2.7% | −15.7% | +10% / +73% |
| ATEA.OLAtea Asa | 18.5 bn | 21.4 | 19.7% | 2.3% | +8.1% | +11% / +36% |
| AKSO.OLAker Solutions Asa | 17.4 bn | 6.8 | 22.5% | 4.1% | +19.2% | +18% / −12% |
| AUSS.OLAustevoll Seafood Asa | 16.6 bn | 37.1 | 1.6% | 1.1% | +11.1% | −7% / +10% |
| BRG.OLBorregaard Asa | 15.6 bn | 25.1 | 11.4% | 8.0% | +1.3% | −18% / −9% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +31% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| AKVA.OLAkva Group Asa | 5.7 bn | 31.2 | 13.7% | 4.2% | +24.4% | +74% / +152% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −16% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 61.9 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +20% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −18% / −11% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.4 bn | 10.5 | 30.1% | 16.1% | +32.3% | −53% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 108.9 | 2.9% | 8.6% | +7.9% | −8% / −48% |
| CAPSL.OLCapsol Technologies Asa | 884.6 m | — | -89.4% | -114.8% | −25.0% | −33% / −66% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 234.6 m | 4.8 | 22.1% | 9.3% | +15.7% | −33% / −55% |
| DELIA.OLDellia Group Asa | 73.5 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
| AGLX.OLAgilyx Asa | — | — | -182.4% | -12,189.3% | +20.3% | −40% / −41% |
1- and 3-year price returns: for BINT.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
KMC Properties ASA, listed on Oslo Børs, currently conducts no business activity following its transaction with Logistea AB. Equity at 31 December 2024 was limited, and management is evaluating several strategic alternatives under significant uncertainty about its going concern.
SWOT
Strengths
- The company is listed on Oslo Børs and has a single share class with equal rights for all shareholders 1.
- There are no operating liabilities tied to an ongoing activity, leaving room for a strategic reorientation 1.
- The board and management have set up a governance framework aligned with the Norwegian code, with no deviations reported 1.
Weaknesses
Opportunities
Risks
- Going concernhigh
The report identifies a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern 1.
- Funding requirementhigh
Continuation depends on successfully raising additional capital, which is not assured in the report 1.
- Absence of revenuehigh
The company has no revenue, and continuing expenses are reducing its cash reserves 1.
- Board changesmedium
The February 2025 resignations and reconstitution of the board could affect the continuity of strategic decisions 1.
- No defined business directionlow
The board has identified no other material risks, but no concrete business direction has been set out in the report 1.
Investment thesis
What would need to be true (bull case)
- If the strategic alternatives under review by management materialise, the company could resume activity and generate revenue again 1.
- A simple share structure and the absence of operating liabilities could ease a rapid reorientation, if funding is obtained 1.
- Governance aligned with the Norwegian code, with no deviations reported, could support confidence in the re-engagement process 1.
What would break the thesis
- With no revenue and limited cash reserves, the company could remain in a prolonged period of uncertainty 1.
- If the attempt to raise capital fails, the continuity of the business could be called into question 1.
- Board changes could slow strategic decision-making, which could delay the resumption of activity 1.
What to watch
- Announcement of a new strategic direction or a re-engagement transaction for the company2025
- Outcome of efforts to raise additional capital and its effect on going concern2025
- Annual general meeting for fiscal 2024, planned for 15 May 20252025
- Reassessment of the dividend policy after new business activities are executednext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
According to the 2024 annual report, KMC Properties ASA is a Norwegian public limited company listed on Oslo Børs under the ticker KMCP. The company has not engaged in new business activities since and generated no revenue, while ongoing expenses have produced negative cash flow 1. The board and management are working on several strategic alternatives to re-engage the company, without detailing them in the report.
Segments
Operations
At year end 2024 the company had no operating activity and no employees 1. Its business structure was left behind after the transaction with Logistea AB, and any future activity depends on raising additional capital.
Capital and shareholders
Equity at 31 December 2024 totalled NOK 6 million, and the company held no own shares 1. Shares carry one class with equal dividend and voting rights, and the dividend policy is to be reassessed once business activities resume.
Market context
The company does not currently operate in any product or service market, as it has no ongoing business. The annual report does not describe a target market or competitive position, focusing instead on the going concern situation 1.
Trends
- Absence of current revenueheadwind
With no revenue and continuing expenses, the company is drawing down available cash reserves, which raises questions about its ability to continue as a going concern 1.
- Strategic reorientation after the transactionmixed
Management is evaluating several strategic alternatives to re-engage the company, which could open a new business direction if these options materialise 1.
- Board changesmixed
In February 2025 two board members and one nomination committee member resigned, and the board was reconstituted to meet Norwegian gender requirements 1. Governance changes can influence the strategic direction.
- Funding uncertaintyheadwind
Continuation of the business depends on successfully raising additional capital, a condition that remained uncertain at the report date 1.
Competitive position
The annual report does not identify competitors or describe a competitive environment, as the company currently conducts no commercial activity 1. A competitive analysis could be revisited if a new business field is defined.
- No competitors identified in source
The annual report does not name competing companies, so no competitive landscape can be established from the document reviewed.
- Logistea AB
The counterparty to the 2024 transaction after which the company ceased activity; the relationship is transactional rather than competitive 1.
- Future competitors
Any resumption of activity could bring new competitors, but the source does not identify a specific field for this scenario.
- Role of the capital market
The ability to attract funding matters more than direct competition in the company's current situation 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202408 May 2025
- Annual report 202323 Apr 2024
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / KMC Properties ASA · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.