CIVEO CORP (CVEO) Stock Fundamental Analysis
NYSE:CVEO - New York Stock Exchange, Inc. - CA17878Y2078 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to CVEO. CVEO was compared to 83 industry peers in the Commercial Services & Supplies industry. The financial health of CVEO is average, but there are quite some concerns on its profitability. CVEO has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
CVEO had negative earnings in the past year.
CVEO had a positive operating cash flow in the past year.
In multiple years CVEO reported negative net income over the last 5 years.
CVEO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVEO has a worse Return On Assets (-5.14%) than 66.27% of its industry peers.
With a Return On Equity value of -9.87%, CVEO is not doing good in the industry: 60.24% of the companies in the same industry are doing better.
The Return On Invested Capital of CVEO (0.36%) is worse than 63.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVEO is significantly below the industry average of 11.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.14% | ||
| ROE | -9.87% | ||
| ROIC | 0.36% |
ROA(3y)0.56%
ROA(5y)-3.36%
ROE(3y)0.98%
ROE(5y)-6.71%
ROIC(3y)3.1%
ROIC(5y)N/A
1.3 Margins
CVEO has a Operating Margin of 0.26%. This is in the lower half of the industry: CVEO underperforms 63.86% of its industry peers.
CVEO's Operating Margin has declined in the last couple of years.
The Gross Margin of CVEO (21.70%) is worse than 69.88% of its industry peers.
CVEO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.26% | ||
| PM (TTM) | N/A | ||
| GM | 21.7% |
OM growth 3Y-23.58%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.85%
GM growth 5Y-8.81%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CVEO is destroying value.
CVEO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVEO has less shares outstanding
The debt/assets ratio for CVEO has been reduced compared to a year ago.
2.2 Solvency
CVEO has an Altman-Z score of -0.59. This is a bad value and indicates that CVEO is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.59, CVEO is doing worse than 83.13% of the companies in the same industry.
CVEO has a debt to FCF ratio of 2.02. This is a good value and a sign of high solvency as CVEO would need 2.02 years to pay back of all of its debts.
The Debt to FCF ratio of CVEO (2.02) is better than 79.52% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that CVEO is not too dependend on debt financing.
CVEO has a Debt to Equity ratio (0.40) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.02 | ||
| Altman-Z | -0.59 |
ROIC/WACC0.04
WACC8.73%
2.3 Liquidity
A Current Ratio of 1.66 indicates that CVEO should not have too much problems paying its short term obligations.
CVEO has a Current ratio (1.66) which is in line with its industry peers.
A Quick Ratio of 1.59 indicates that CVEO should not have too much problems paying its short term obligations.
CVEO has a Quick ratio of 1.59. This is in the better half of the industry: CVEO outperforms 65.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.59 |
3. Growth
3.1 Past
CVEO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1250.00%.
Looking at the last year, CVEO shows a decrease in Revenue. The Revenue has decreased by -5.62% in the last year.
Measured over the past years, CVEO shows a small growth in Revenue. The Revenue has been growing by 5.27% on average per year.
EPS 1Y (TTM)-1250%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.71%
Revenue 1Y (TTM)-5.62%
Revenue growth 3Y4.69%
Revenue growth 5Y5.27%
Sales Q2Q%-13.29%
3.2 Future
Based on estimates for the next years, CVEO will show a very strong growth in Earnings Per Share. The EPS will grow by 58.13% on average per year.
Based on estimates for the next years, CVEO will show a small growth in Revenue. The Revenue will grow by 1.16% on average per year.
EPS Next Y70.08%
EPS Next 2Y58.13%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-7.08%
Revenue Next 2Y-1.48%
Revenue Next 3Y-2.08%
Revenue Next 5Y1.16%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CVEO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 39.37, CVEO can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CVEO.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.36, CVEO is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 39.37 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVEO indicates a rather cheap valuation: CVEO is cheaper than 89.16% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CVEO is valued cheaper than 91.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.65 | ||
| EV/EBITDA | 5.64 |
4.3 Compensation for Growth
CVEO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CVEO's earnings are expected to grow with 58.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y58.13%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.05%, CVEO is a good candidate for dividend investing.
CVEO's Dividend Yield is rather good when compared to the industry average which is at 2.39. CVEO pays more dividend than 92.77% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, CVEO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
CVEO has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CVEO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-64.99%
EPS Next 2Y58.13%
EPS Next 3YN/A
24.63
+0.48 (+1.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners78.24%
Inst Owner Change-0.11%
Ins Owners4.8%
Ins Owner Change0.3%
Market Cap331.27M
Analysts85.71
Price Target28.05 (13.89%)
Short Float %3.29%
Short Ratio4.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend1.02
Dividend Growth(5Y)N/A
DP-64.99%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-141.58%
Min EPS beat(2)-294.55%
Max EPS beat(2)11.4%
EPS beat(4)2
Avg EPS beat(4)-383.63%
Min EPS beat(4)-1412.82%
Max EPS beat(4)161.44%
EPS beat(8)3
Avg EPS beat(8)-316.59%
EPS beat(12)5
Avg EPS beat(12)-221.73%
EPS beat(16)8
Avg EPS beat(16)581.2%
Revenue beat(2)0
Avg Revenue beat(2)-6.78%
Min Revenue beat(2)-8.89%
Max Revenue beat(2)-4.67%
Revenue beat(4)2
Avg Revenue beat(4)-1.15%
Min Revenue beat(4)-8.89%
Max Revenue beat(4)6.52%
Revenue beat(8)6
Avg Revenue beat(8)2.55%
Revenue beat(12)10
Avg Revenue beat(12)3.36%
Revenue beat(16)13
Avg Revenue beat(16)4.58%
PT rev (1m)0%
PT rev (3m)-8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-64.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-10%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 39.37 | ||
| P/S | 0.5 | ||
| P/FCF | 7.65 | ||
| P/OCF | 4.8 | ||
| P/B | 1.5 | ||
| P/tB | 2.23 | ||
| EV/EBITDA | 5.64 |
EPS(TTM)-1.62
EYN/A
EPS(NY)0.63
Fwd EY2.54%
FCF(TTM)3.22
FCFY13.07%
OCF(TTM)5.14
OCFY20.85%
SpS49.07
BVpS16.41
TBVpS11.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.14% | ||
| ROE | -9.87% | ||
| ROCE | 0.49% | ||
| ROIC | 0.36% | ||
| ROICexc | 0.4% | ||
| ROICexgc | 0.51% | ||
| OM | 0.26% | ||
| PM (TTM) | N/A | ||
| GM | 21.7% | ||
| FCFM | 6.56% |
ROA(3y)0.56%
ROA(5y)-3.36%
ROE(3y)0.98%
ROE(5y)-6.71%
ROIC(3y)3.1%
ROIC(5y)N/A
ROICexc(3y)3.14%
ROICexc(5y)N/A
ROICexgc(3y)3.98%
ROICexgc(5y)N/A
ROCE(3y)4.21%
ROCE(5y)N/A
ROICexcg growth 3Y-2.14%
ROICexcg growth 5YN/A
ROICexc growth 3Y-4.08%
ROICexc growth 5YN/A
OM growth 3Y-23.58%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.85%
GM growth 5Y-8.81%
F-Score4
Asset Turnover1.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.02 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 38.2% | ||
| Cap/Sales | 3.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 99.82% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.59 | ||
| Altman-Z | -0.59 |
F-Score4
WACC8.73%
ROIC/WACC0.04
Cap/Depr(3y)36.55%
Cap/Depr(5y)27.78%
Cap/Sales(3y)4%
Cap/Sales(5y)3.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1250%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.71%
EPS Next Y70.08%
EPS Next 2Y58.13%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.62%
Revenue growth 3Y4.69%
Revenue growth 5Y5.27%
Sales Q2Q%-13.29%
Revenue Next Year-7.08%
Revenue Next 2Y-1.48%
Revenue Next 3Y-2.08%
Revenue Next 5Y1.16%
EBIT growth 1Y-93.55%
EBIT growth 3Y-20%
EBIT growth 5YN/A
EBIT Next Year839.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-31.94%
FCF growth 3Y-7.67%
FCF growth 5Y5.12%
OCF growth 1Y-23.41%
OCF growth 3Y-1.92%
OCF growth 5Y2.31%