CIVEO CORP (CVEO)
CA17878Y2078 - Common Stock
We assign a fundamental rating of 4 out of 10 to CVEO. CVEO was compared to 84 industry peers in the Commercial Services & Supplies industry. Both the profitability and the financial health of CVEO get a neutral evaluation. Nothing too spectacular is happening here. CVEO is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CVEO has reported negative net income.
CVEO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CVEO reported negative net income in multiple years.
CVEO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVEO's Return On Assets of 5.50% is fine compared to the rest of the industry. CVEO outperforms 79.52% of its industry peers.
The Return On Equity of CVEO (9.41%) is better than 72.29% of its industry peers.
CVEO has a Return On Invested Capital of 3.40%. This is comparable to the rest of the industry: CVEO outperforms 43.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVEO is significantly below the industry average of 10.00%.
The 3 year average ROIC (2.86%) for CVEO is below the current ROIC(3.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 9.41% | ||
| ROIC | 3.4% |
ROA(3y)1.93%
ROA(5y)-3.76%
ROE(3y)3.33%
ROE(5y)-7.73%
ROIC(3y)2.86%
ROIC(5y)N/A
1.3 Margins
CVEO has a better Profit Margin (4.30%) than 69.88% of its industry peers.
CVEO has a worse Operating Margin (3.18%) than 61.45% of its industry peers.
CVEO has a Gross Margin of 24.36%. This is comparable to the rest of the industry: CVEO outperforms 40.96% of its industry peers.
CVEO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.18% | ||
| PM (TTM) | 4.3% | ||
| GM | 24.36% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.42%
GM growth 5Y-3.57%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CVEO is destroying value.
CVEO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CVEO has been increased compared to 5 years ago.
Compared to 1 year ago, CVEO has an improved debt to assets ratio.
2.2 Solvency
CVEO has an Altman-Z score of 0.21. This is a bad value and indicates that CVEO is not financially healthy and even has some risk of bankruptcy.
CVEO's Altman-Z score of 0.21 is on the low side compared to the rest of the industry. CVEO is outperformed by 80.72% of its industry peers.
CVEO has a debt to FCF ratio of 1.01. This is a very positive value and a sign of high solvency as it would only need 1.01 years to pay back of all of its debts.
CVEO has a better Debt to FCF ratio (1.01) than 79.52% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that CVEO is not too dependend on debt financing.
The Debt to Equity ratio of CVEO (0.20) is better than 69.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.01 | ||
| Altman-Z | 0.21 |
ROIC/WACC0.39
WACC8.77%
2.3 Liquidity
A Current Ratio of 1.53 indicates that CVEO should not have too much problems paying its short term obligations.
CVEO has a Current ratio (1.53) which is in line with its industry peers.
CVEO has a Quick Ratio of 1.47. This is a normal value and indicates that CVEO is financially healthy and should not expect problems in meeting its short term obligations.
CVEO has a better Quick ratio (1.47) than 63.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 51.28% over the past year.
The Revenue has been growing slightly by 0.53% in the past year.
The Revenue has been growing by 8.47% on average over the past years. This is quite good.
EPS 1Y (TTM)51.28%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q48.09%
Revenue 1Y (TTM)0.53%
Revenue growth 3Y9.78%
Revenue growth 5Y8.47%
Revenue growth Q2Q5.3%
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 113.94% on average per year.
Based on estimates for the next years, CVEO will show a decrease in Revenue. The Revenue will decrease by -0.50% on average per year.
EPS Next Y175.16%
EPS Next 2Y113.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.05%
Revenue Next 2Y-0.65%
Revenue Next 3Y-1.97%
Revenue Next 5Y-0.5%
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.
The Price/Forward Earnings ratio is 179.06, which means the current valuation is very expensive for CVEO.
CVEO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CVEO is more expensive than 62.65% of the companies in the same industry.
CVEO is valuated expensively when we compare the Price/Forward Earnings ratio to 21.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 179.06 |
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 95.18% of the companies listed in the same industry.
93.98% of the companies in the same industry are more expensive than CVEO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.78 | ||
| EV/EBITDA | 4.57 |
4.3 Compensation for Growth
CVEO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CVEO's earnings are expected to grow with 113.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y113.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVEO has a Yearly Dividend Yield of 3.99%. Purely for dividend investing, there may be better candidates out there.
CVEO's Dividend Yield is rather good when compared to the industry average which is at 2.44. CVEO pays more dividend than 91.57% of the companies in the same industry.
CVEO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
5.2 History
CVEO has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
24.64% of the earnings are spent on dividend by CVEO. This is a low number and sustainable payout ratio.
DP24.64%
EPS Next 2Y113.94%
EPS Next 3YN/A
CIVEO CORP
NYSE:CVEO (4/25/2024, 9:42:01 AM)
25.5701
-0.52 (-1.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap375.11M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 179.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 9.41% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.18% | ||
| PM (TTM) | 4.3% | ||
| GM | 24.36% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)51.28%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y175.16%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.53%
Revenue growth 3Y9.78%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
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EBIT Next 5Y
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