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CIVEO CORP (CVEO) Stock Fundamental Analysis

NYSE:CVEO - New York Stock Exchange, Inc. - CA17878Y2078 - Common Stock - Currency: USD

27.31  +0.35 (+1.3%)

After market: 27.31 0 (0%)

Fundamental Rating

4

CVEO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 84 industry peers in the Commercial Services & Supplies industry. While CVEO seems to be doing ok healthwise, there are quite some concerns on its profitability. CVEO has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

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.
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.
CVEO Yearly Net Income VS EBIT VS OCF VS FCFCVEO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M

1.2 Ratios

CVEO's Return On Assets of 4.40% is fine compared to the rest of the industry. CVEO outperforms 65.85% of its industry peers.
CVEO has a Return On Equity of 7.45%. This is in the better half of the industry: CVEO outperforms 64.63% of its industry peers.
CVEO has a worse Return On Invested Capital (2.39%) than 60.98% of its industry peers.
CVEO had an Average Return On Invested Capital over the past 3 years of 2.86%. This is significantly below the industry average of 10.12%.
Industry RankSector Rank
ROA 4.4%
ROE 7.45%
ROIC 2.39%
ROA(3y)1.93%
ROA(5y)-3.76%
ROE(3y)3.33%
ROE(5y)-7.73%
ROIC(3y)2.86%
ROIC(5y)N/A
CVEO Yearly ROA, ROE, ROICCVEO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

Looking at the Profit Margin, with a value of 3.00%, CVEO is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
Looking at the Operating Margin, with a value of 1.90%, CVEO is doing worse than 64.63% of the companies in the same industry.
The Gross Margin of CVEO (22.40%) is worse than 68.29% of its industry peers.
CVEO's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 1.9%
PM (TTM) 3%
GM 22.4%
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%
CVEO Yearly Profit, Operating, Gross MarginsCVEO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CVEO is destroying value.
Compared to 1 year ago, CVEO has less shares outstanding
The number of shares outstanding for CVEO has been increased compared to 5 years ago.
CVEO has a better debt/assets ratio than last year.
CVEO Yearly Shares OutstandingCVEO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
CVEO Yearly Total Debt VS Total AssetsCVEO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.01, we must say that CVEO is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.01, CVEO is not doing good in the industry: 80.49% of the companies in the same industry are doing better.
The Debt to FCF ratio of CVEO is 0.59, which is an excellent value as it means it would take CVEO, only 0.59 years of fcf income to pay off all of its debts.
CVEO's Debt to FCF ratio of 0.59 is amongst the best of the industry. CVEO outperforms 90.24% of its industry peers.
CVEO has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.18, CVEO is in the better half of the industry, outperforming 71.95% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.59
Altman-Z 0.01
ROIC/WACC0.28
WACC8.61%
CVEO Yearly LT Debt VS Equity VS FCFCVEO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.3 Liquidity

CVEO has a Current Ratio of 1.36. 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 worse Current ratio (1.36) than 60.98% of its industry peers.
CVEO has a Quick Ratio of 1.28. This is a normal value and indicates that CVEO is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CVEO (1.28) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 1.28
CVEO Yearly Current Assets VS Current LiabilitesCVEO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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3

3. Growth

3.1 Past

CVEO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.22%.
CVEO shows a small growth in Revenue. In the last year, the Revenue has grown by 1.41%.
CVEO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.47% yearly.
EPS 1Y (TTM)-1.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-159.02%
Revenue 1Y (TTM)1.41%
Revenue growth 3Y9.78%
Revenue growth 5Y8.47%
Sales Q2Q%-3.94%

3.2 Future

The Earnings Per Share is expected to grow by 78.68% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -0.50% on average over the next years.
EPS Next Y-7.37%
EPS Next 2Y121.34%
EPS Next 3Y78.68%
EPS Next 5YN/A
Revenue Next Year1.85%
Revenue Next 2Y2.78%
Revenue Next 3Y2.21%
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.
CVEO Yearly Revenue VS EstimatesCVEO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
CVEO Yearly EPS VS EstimatesCVEO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 10

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CVEO. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 49.58, which means the current valuation is very expensive for CVEO.
The rest of the industry has a similar Price/Forward Earnings ratio as CVEO.
The average S&P500 Price/Forward Earnings ratio is at 22.68. CVEO is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 49.58
CVEO Price Earnings VS Forward Price EarningsCVEO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

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 91.46% of the companies listed in the same industry.
97.56% of the companies in the same industry are more expensive than CVEO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.42
EV/EBITDA 5.07
CVEO Per share dataCVEO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

CVEO's earnings are expected to grow with 78.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y121.34%
EPS Next 3Y78.68%

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4

5. Dividend

5.1 Amount

CVEO has a Yearly Dividend Yield of 3.71%.
Compared to an average industry Dividend Yield of 2.13, CVEO pays a better dividend. On top of this CVEO pays more dividend than 92.68% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, CVEO pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.71%

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
CVEO Yearly Dividends per shareCVEO Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 1 2 3

5.3 Sustainability

CVEO pays out 69.94% of its income as dividend. This is not a sustainable payout ratio.
DP69.94%
EPS Next 2Y121.34%
EPS Next 3Y78.68%
CVEO Yearly Income VS Free CF VS DividendCVEO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M -100M
CVEO Dividend Payout.CVEO Dividend Payout, showing the Payout Ratio.CVEO Dividend Payout.PayoutRetained Earnings

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CIVEO CORP

NYSE:CVEO (2/21/2025, 8:11:23 PM)

After market: 27.31 0 (0%)

27.31

+0.35 (+1.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)02-27 2025-02-27/bmo
Inst Owners74.76%
Inst Owner Change-77.99%
Ins Owners4.13%
Ins Owner Change0%
Market Cap376.06M
Analysts85.71
Price Target33.15 (21.38%)
Short Float %0.75%
Short Ratio1.01
Dividend
Industry RankSector Rank
Dividend Yield 3.71%
Yearly Dividend0.5
Dividend Growth(5Y)N/A
DP69.94%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-24 2025-02-24 (0.25)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-625.69%
Min EPS beat(2)-1412.82%
Max EPS beat(2)161.44%
EPS beat(4)1
Avg EPS beat(4)-606.45%
Min EPS beat(4)-1412.82%
Max EPS beat(4)161.44%
EPS beat(8)2
Avg EPS beat(8)-302.1%
EPS beat(12)6
Avg EPS beat(12)768.25%
EPS beat(16)8
Avg EPS beat(16)601.74%
Revenue beat(2)2
Avg Revenue beat(2)4.48%
Min Revenue beat(2)2.44%
Max Revenue beat(2)6.52%
Revenue beat(4)4
Avg Revenue beat(4)6.25%
Min Revenue beat(4)2.44%
Max Revenue beat(4)10.8%
Revenue beat(8)8
Avg Revenue beat(8)5.94%
Revenue beat(12)12
Avg Revenue beat(12)6.5%
Revenue beat(16)14
Avg Revenue beat(16)5.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 49.58
P/S 0.54
P/FCF 4.42
P/OCF 3.3
P/B 1.33
P/tB 1.86
EV/EBITDA 5.07
EPS(TTM)-0.83
EYN/A
EPS(NY)0.55
Fwd EY2.02%
FCF(TTM)6.18
FCFY22.64%
OCF(TTM)8.28
OCFY30.31%
SpS50.98
BVpS20.49
TBVpS14.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.4%
ROE 7.45%
ROCE 3.6%
ROIC 2.39%
ROICexc 2.51%
ROICexgc 3.25%
OM 1.9%
PM (TTM) 3%
GM 22.4%
FCFM 12.13%
ROA(3y)1.93%
ROA(5y)-3.76%
ROE(3y)3.33%
ROE(5y)-7.73%
ROIC(3y)2.86%
ROIC(5y)N/A
ROICexc(3y)2.89%
ROICexc(5y)N/A
ROICexgc(3y)3.62%
ROICexgc(5y)N/A
ROCE(3y)4.31%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score7
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.59
Debt/EBITDA 0.62
Cap/Depr 42.97%
Cap/Sales 4.11%
Interest Coverage 250
Cash Conversion 141.63%
Profit Quality 404.89%
Current Ratio 1.36
Quick Ratio 1.28
Altman-Z 0.01
F-Score7
WACC8.61%
ROIC/WACC0.28
Cap/Depr(3y)30%
Cap/Depr(5y)24.91%
Cap/Sales(3y)3.59%
Cap/Sales(5y)3.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-159.02%
EPS Next Y-7.37%
EPS Next 2Y121.34%
EPS Next 3Y78.68%
EPS Next 5YN/A
Revenue 1Y (TTM)1.41%
Revenue growth 3Y9.78%
Revenue growth 5Y8.47%
Sales Q2Q%-3.94%
Revenue Next Year1.85%
Revenue Next 2Y2.78%
Revenue Next 3Y2.21%
Revenue Next 5Y-0.5%
EBIT growth 1Y-15.41%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year271.19%
EBIT Next 3Y62.33%
EBIT Next 5YN/A
FCF growth 1Y32.62%
FCF growth 3Y-15.42%
FCF growth 5Y11.72%
OCF growth 1Y29.96%
OCF growth 3Y-6.3%
OCF growth 5Y12.16%