Kongsberg Automotive ASA (“Kongsberg” or “the Company”) is a worldwide supplier of automotive components, specializing in two main segments: Flow Control Systems (“FCS”) and Driver Control Systems (“DCS”). Kongsberg’s product portfolio includes systems for managing vehicle fluids, enhancing driver control and specialized automotive solutions. Kongsberg is focused on securing long-term contracts lasting from 5 to 10 years, with current customers such as major market actors Volvo and Volkswagen, these contracts are structured with initial high-margin products followed by recurring service and component sales, ensuring stable revenue streams and economies of scale. Furthermore, the Company has sold non-core businesses to streamline operations and focus on key areas to improve efficiency and profitability. Kongsberg is estimated to attain a compounded annual growth rate (CAGR) of 2.8%, between 2023 and 2026. Based on an equally weighted DFC and peer valuation, an implied potential price per share of NOK 2.0 is motivated in a Base scenario.