Kaefer Energy AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 39 of 91 · What are Morning company classes?
Place in the whole sector: 139 of 316 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 53 and solidity 41 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Kaefer Energy AS is 4 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 91 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 6.9% (median 10.5%) and equity ratio 19.2% (median 23.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,511 MNOK | 2,011 MNOK |
| Operating margin | 6.9% | 10.5% |
| Profit margin | 7.3% | 7.8% |
| Return on assets | 17.8% | 13.5% |
| Equity ratio | 19.2% | 23.1% |
| Debt-to-equity | 4.20 | 3.01 |
| Current ratio | 1.07 | 1.15 |
| Revenue growth | 36.8% | 6.5% |
| Revenue per employee | 1.95 MNOK | 6.50 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, Kaefer Energy AS does better than 58% of companies in the Morning class Large in the same sector (91 companies) in 2025.
Score 2023–2025
- Kaefer Energy AS
- Median: companies in the Morning class Large in the same sector
Kaefer Energy AS has a score of 53 for 2025, rank 139 of 316 in the sector.
Strongest: Growth: percentile 83 against peers, revenue growth 36.8% against a median of 6.5%.
No area is clearly below its peers.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 36.8% (median 6.5%); current ratio 1.07 (median 1.15).
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Kaefer Energy AS had an operating margin of 6.9% and an equity ratio of 19.2% in 2025, and ranks 139 of 316 in Olje og gass.
From 2024 to 2025: revenue grew by 37% and the equity ratio fell from 26.6% to 19.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 285 MNOK and 2,143 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,013 MNOK |
| EV/EBIT | 8.0 | 2,143 MNOK |
| P/B | 1.0 | 285 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 36.8% (median 6.5%); Current ratio 1.07 (median 1.15).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.6%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 53 | weight 30% |
|---|---|---|
| Solidity | 41 | weight 25% |
| Liquidity | 41 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kaefer Energy AS?
The operating margin was 6.9% in 2025, against a median of 10.5% among companies in the Morning class Large in the same sector. Return on assets was 17.8%.
How solid is Kaefer Energy AS?
The equity ratio was 19.2% in 2025 (median 23.1%). Debt-to-equity was 4.20 (median 3.01).
What is the liquidity of Kaefer Energy AS like?
The current ratio was 1.07 in 2025 (median 1.15).
How does Kaefer Energy AS compare in Olje og gass?
Kaefer Energy AS ranks 139 of 316 in Olje og gass for 2025. Among companies in the Morning class Large it is number 39 of 91. Revenue changed by 36.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 910608193
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Morning company class
- Large
- Employees
- 1,799 registered 10 September 2026
- Founded
- 31 August 1977 49 years in operation
- Share capital
- 2.72 MNOK
- Business address
- Geitaberget 17, 4031 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.kaefer.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Bård Bjørshol
- Chair of the board
- Udo Giesen
- Board member
- Andrew Johnny Leknesund
- Board member
- Jens Evert Paul Hermansson
- Board member
- Claudia Eckert
- Deputy member
- Atle Forfang Rostad
- Deputy member
- Reidar Nilsen
- Auditor
- Pricewaterhousecoopers AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 53 | 53 | |
| Rank | 112 | 134 | 139 | |
| Operating margin | 5.4% | 6.6% | 6.9% | |
| Return on assets | 14.0% | 16.2% | 17.8% | |
| Equity ratio | 28.4% | 26.6% | 19.2% | |
| Current ratio | 1.21 | 1.14 | 1.07 | |
| Revenue growth | – | 7.3% | 36.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,393.0 MNOK | 2,567.1 MNOK | 3,510.9 MNOK |
| Operating profit | 129.4 MNOK | 168.4 MNOK | 240.9 MNOK |
| Profit before tax | 137.5 MNOK | 178.7 MNOK | 256.0 MNOK |
| Net profit | 107.4 MNOK | 140.5 MNOK | 201.3 MNOK |
| Financial expenses | 2.2 MNOK | 2.4 MNOK | 7.4 MNOK |
| Total assets | 999.2 MNOK | 1,118.5 MNOK | 1,483.2 MNOK |
| Current assets | 816.0 MNOK | 873.4 MNOK | 1,131.6 MNOK |
| Equity | 284.3 MNOK | 297.0 MNOK | 285.2 MNOK |
| Retained earnings | 279.8 MNOK | 292.5 MNOK | 280.7 MNOK |
| Total liabilities | 714.9 MNOK | 821.5 MNOK | 1,198.0 MNOK |
| Current liabilities | 676.9 MNOK | 765.2 MNOK | 1,053.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7037378.
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