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1. Company Snapshot

1.a. Company Description

Aker Carbon Capture ASA provides products, technology, and solutions within the field of carbon capture technologies, utilization, and storage in Norway and internationally.The company's carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2 that can be applied on emissions from various sources, including gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries.It offers carbon capture plants under the Just Catch and Big Catch brands, as well as mobile test units.


The company was incorporated in 2020 and is headquartered in Lysaker, Norway.Aker Carbon Capture ASA is a subsidiary of Aker Horizons Holding AS.

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1.b. Last Insights on ACC

Aker Carbon Capture ASA's recent performance was driven by a series of positive developments. The company's fourth quarter 2024 results showed a net profit of NOK 21 million, with a cash position of NOK 4.6 billion and equity of NOK 5.5 billion. The Board of Directors proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion, which was approved at the Extraordinary General Meeting on March 7, 2025. Additionally, the company announced a contract win with Hafslund Celsio for a carbon capture solution, and SLB Capturi, in collaboration with Aker Solutions, completed its first modular carbon capture plant at Twence's waste-to-energy facility in the Netherlands.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Aker Carbon Capture ASA (under liquidation): Minutes from Extraordinary General Meeting

Oct -17

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Aker Carbon Capture ASA - EX. DIVIDEND NOK 0.137 PER SHARE TODAY

Oct -13

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Aker Carbon Capture ASA: Notice of Extraordinary General Meeting

Oct -08

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Aker Carbon Capture ASA: Key information relating to payment of updated liquidation dividend

Oct -01

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Request received for extraordinary general meeting in Aker Carbon Capture ASA - Update on liquidation proceeds

Oct -01

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Aker Carbon Capture ASA: Notice of Extraordinary General Meeting

Sep -26

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Aker Carbon Capture ASA: Key information relating to payment of liquidation dividend

Sep -26

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Correction: Aker Carbon Capture ASA: Disclosure of large shareholdings and mandatory notification of trade

Sep -01

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.82%)

6. Segments

Construction

Expected Growth: 12.8%

Aker Carbon Capture ASA's 12.8% growth in the construction segment is driven by increasing demand for carbon capture and storage (CCS) solutions, government incentives for low-carbon infrastructure, and strategic partnerships with key industry players. Additionally, the company's innovative technology and expertise in engineering, procurement, and construction management (EPCM) are contributing to its growth momentum.

Service

Expected Growth: 13.43%

Aker Carbon Capture ASA's 13.43% growth is driven by increasing demand for carbon capture and storage (CCS) solutions, government incentives for low-carbon initiatives, and strategic partnerships with oil and gas companies. Additionally, the company's innovative technology and expanding project portfolio contribute to its rapid growth.

7. Detailed Products

Carbon Capture Technology

Aker Carbon Capture ASA's proprietary carbon capture technology is designed to capture CO2 from industrial sources, such as cement factories, waste incineration plants, and other industrial processes.

Post-Combustion Capture

Aker Carbon Capture ASA's post-combustion capture technology is used to capture CO2 from the flue gas of power plants and other industrial sources.

Oxyfuel Combustion

Aker Carbon Capture ASA's oxyfuel combustion technology is used to capture CO2 from power plants and industrial sources by burning fuel in pure oxygen instead of air.

Carbon Utilization

Aker Carbon Capture ASA's carbon utilization technology is used to convert captured CO2 into valuable products such as fuels, chemicals, and building materials.

Carbon Storage

Aker Carbon Capture ASA's carbon storage technology is used to store captured CO2 in geological formations, such as depleted oil and gas fields or saline aquifers.

8. Aker Carbon Capture ASA's Porter Forces

Forces Ranking

Threat Of Substitutes

Aker Carbon Capture ASA operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of carbon capture technology.

Bargaining Power Of Customers

Aker Carbon Capture ASA's customers are primarily industrial companies and governments, which have limited bargaining power due to the specialized nature of carbon capture technology.

Bargaining Power Of Suppliers

Aker Carbon Capture ASA relies on a few key suppliers for critical components, which gives them some bargaining power, but the company's strong relationships and diversified supply chain mitigate this risk.

Threat Of New Entrants

The barriers to entry in the carbon capture market are high due to the need for specialized technology and expertise, making it difficult for new entrants to compete with Aker Carbon Capture ASA.

Intensity Of Rivalry

The carbon capture market is highly competitive, with several established players and new entrants vying for market share, which increases the intensity of rivalry for Aker Carbon Capture ASA.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 5.56%
Debt Cost 3.95%
Equity Weight 94.44%
Equity Cost 11.58%
WACC 11.16%
Leverage 5.89%

11. Quality Control: Aker Carbon Capture ASA passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Tarkett

A-Score: 5.1/10

Value: 8.1

Growth: 2.9

Quality: 2.2

Yield: 0.0

Momentum: 9.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Porvair

A-Score: 5.0/10

Value: 4.0

Growth: 5.8

Quality: 6.8

Yield: 1.2

Momentum: 7.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Aker Carbon Capture

A-Score: 4.0/10

Value: 7.6

Growth: 3.3

Quality: 3.0

Yield: 10.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

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Stock-Card
Envipco

A-Score: 3.5/10

Value: 4.8

Growth: 5.2

Quality: 2.7

Yield: 0.0

Momentum: 7.5

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
LiqTech International

A-Score: 3.5/10

Value: 8.0

Growth: 3.1

Quality: 2.9

Yield: 0.0

Momentum: 7.0

Volatility: 0.0

1-Year Total Return ->

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Stock-Card
GVS

A-Score: 1.8/10

Value: 2.3

Growth: 1.9

Quality: 3.9

Yield: 0.0

Momentum: 1.0

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.14$

Current Price

0.14$

Potential

-0.00%

Expected Cash-Flows