Buy Or Sell Opportunity • Jul 01
Now 23% undervalued Over the last 90 days, the stock has risen 29% to AU$1.84. The fair value is estimated to be AU$2.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Upcoming Dividend • Mar 17
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 24 March 2026. Payment date: 10 April 2026. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (6.6%). In line with average of industry peers (3.5%). Declared Dividend • Feb 15
First half dividend of AU$0.025 announced Dividend of AU$0.025 is the same as last year. Ex-date: 24th March 2026 Payment date: 10th April 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 36% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
First half 2026 earnings released: EPS: AU$0.042 (vs AU$0.052 in 1H 2025) First half 2026 results: EPS: AU$0.042 (down from AU$0.052 in 1H 2025). Revenue: AU$380.4m (down 24% from 1H 2025). Net income: AU$21.4m (down 19% from 1H 2025). Profit margin: 5.6% (up from 5.3% in 1H 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Ankündigung • Feb 13
Civmec Limited Announces Ordinary Fully Paid Distribution for Six Months Ended December 31, 2025, Payable on April 10, 2026 Civmec Limited announced a new Ordinary Fully Paid distribution for six months ended December 31, 2025. The distribution amount is AUD 0.02500000 per security. The ex-date is 24 March 2026, the record date is 25 March 2026, and the payment date is 10 April 2026. Board Change • Jan 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Gary Gray was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$1.67, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Construction industry in Australia. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.63 per share. New Risk • Dec 13
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$38m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Upcoming Dividend • Oct 06
Upcoming dividend of AU$0.035 per share Eligible shareholders must have bought the stock before 13 October 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (3.2%). Ankündigung • Sep 30
Civmec Limited, Annual General Meeting, Oct 30, 2025 Civmec Limited, Annual General Meeting, Oct 30, 2025, at 10:30 Singapore Standard Time. Location: at carlton hotel singapore, 76 bras basah road, singapore 189558., Singapore Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Construction industry in Australia. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.69 per share. Declared Dividend • Aug 30
Final dividend of AU$0.035 announced Dividend of AU$0.035 is the same as last year. Ex-date: 13th October 2025 Payment date: 24th October 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.6%. Sustainability & Growth The dividend has increased by an average of 36% per year over the past 7 years and payments have been stable during that time. Reported Earnings • Aug 29
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: AU$0.084 (down from AU$0.13 in FY 2024). Revenue: AU$810.6m (down 22% from FY 2024). Net income: AU$42.5m (down 34% from FY 2024). Profit margin: 5.2% (down from 6.2% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Ankündigung • Jul 02
Civmec Limited (ASX:CVL) completed the acquisition of Luerssen Australia Pty. Ltd. from NVL BV & Co KG for AUD 20 million. Civmec Limited (ASX:CVL) entered into a non-binding Heads of Agreement to acquire Luerssen Australia Pty. Ltd. from NVL BV & Co KG on October 15, 2024. Civmec Limited (ASX:CVL) entered into a binding agreement to acquire Luerssen Australia Pty. Ltd. from NVL BV & Co KG for AUD 20 million on June 24, 2024. A cash consideration of AUD 20 million will be paid by Civmec Limited to NVL BV & Co KG for the common equity of Luerssen Australia Pty. Ltd. This acquisition will see the full ownership transfer of the Luerssen Australia business, including all assets, employees, and licenses. Following completion of the acquisition, Luerssen Australia Pty Ltd will be renamed to ‘Civmec Defence Industries Pty Ltd (CDI))’ as a wholly owned subsidiary of Civmec Limited. The purchase price will be funded from Civmec Limited's existing cash reserves.
The transaction is subject to consummation of due diligence investigation and regulatory approvals. The expected completion of the transaction is December 31, 2024. The expected completion of the transaction has been extended to July 1, 2025.
Civmec Limited (ASX:CVL) completed the acquisition of Luerssen Australia Pty. Ltd. from NVL BV & Co KG on July 1, 2025. New Risk • May 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • May 12
Price target decreased by 8.0% to AU$1.15 Down from AU$1.25, the current price target is an average from 2 analysts. New target price is 15% above last closing price of AU$1.00. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of AU$0.083 for next year compared to AU$0.13 last year. Upcoming Dividend • Mar 18
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 25 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.9%). Major Estimate Revision • Feb 20
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$990.6m to AU$874.4m. EPS estimate fell from AU$0.099 to AU$0.088 per share. Net income forecast to shrink 19% next year vs 24% growth forecast for Construction industry in Australia . Consensus price target down from AU$1.55 to AU$1.25. Share price fell 18% to AU$1.00 over the past week. Declared Dividend • Feb 17
First half dividend of AU$0.025 announced Dividend of AU$0.025 is the same as last year. Ex-date: 25th March 2025 Payment date: 11th April 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 43% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
First half 2025 earnings: EPS and revenues miss analyst expectations First half 2025 results: EPS: AU$0.052 (down from AU$0.063 in 1H 2024). Revenue: AU$502.9m (up 2.1% from 1H 2024). Net income: AU$26.5m (down 17% from 1H 2024). Profit margin: 5.3% (down from 6.5% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 15
Civmec Limited Declares Tax Exempt (Foreign Sourced) Interim Dividend for the Financial Year End 30 June 2025, Payable on 11 April 2025 Civmec Limited declared tax exempt (Foreign Sourced) interim dividend of AUD 0.025 for the financial year end 30 June 2025. Payable on 11 April 2025, Record date; 26 March 2025. Ex Date March 25, 2025. New Risk • Feb 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Dec 18
Price target increased by 8.6% to AU$1.58 Up from AU$1.45, the current price target is an average from 2 analysts. New target price is 19% above last closing price of AU$1.32. Stock is up 41% over the past year. The company is forecast to post earnings per share of AU$0.099 for next year compared to AU$0.13 last year. Ankündigung • Oct 31
Civmec Limited Announces Change in Composition of Board and Board Committees Civmec Limited announced the following: Retirement of Directors Mr. Chong Teck Sin, Mr. Wong Fook Choy Sunny and Mr. Douglas Owen Chester retired at the Annual General Meeting held on 30 October 2024 and ceased as Independent Director of the Company with effect from 30 October 2024. Consequent upon retirement as an Independent Director of the Company: Mr. Chong Teck Sin, ceased as Chairman of the Audit Committee and Risks and Conflicts Committee and a member of the Remuneration Committee and Nominating Committee. Mr. Wong Fook Choy Sunny ceased as Chairman of the Remuneration Committee and a member of Audit Committee, Risks and Conflicts Committee and Nominating Committee. Mr. Douglas Owen Chester ceased as Chairman of the Nominating Committee and a member of Audit Committee, Risks and Conflicts Committee and Remuneration Committee. Reconstitution of Board Committees With effect from 30 October 2024, the Board Committees have been reconstituted as follow: Audit Committee and Risks and Conflicts Committee Mr. Ambrose Law has been appointed as Chairman of the AC and RCC and a member of the RC and NC. Remuneration Committee ("RC") Ms. Ong Beng Hong has been appointed as Chairman of the RC and a member of AC, RCC and NC. Nominating Committee ("NC") M. Gary Gray has been appointed as Chairman of the NC and a member of AC, RCC and RC. Nominating Committee ("NC") Mr. Gary Gray has been appointed as Chairman of the NC and a member of AC, RCC and RC. Following the aforesaid changes, the composition of the Board and Board Committees are as follows:- Board of Directors: Mr. James Finbarr Fitzgerald (Chairman), Mr. Patrick John Tallon, Mr. Kevin James Deery, Mr. Ambrose Law Ms. Ong Beng Hong Mr. Gary Gray .Audit Committee: Mr. Ambrose Law (Chairman) Ms. Ong Beng Hong Mr. .Gary Gray . Risks and Conflicts Committee: Mr. Ambrose Law (Chairman) Ms. Ong Beng Hong, Mr. Gary Gray .Remuneration Committee: Ms. Ong Beng Hong (Chairman), Mr. Ambrose Law, Mr. Gary Gray .Nominating Committee: Mr. Gary Gray (Chairman), Mr. Ambrose Law, Ms. Ong Beng Hong . Ankündigung • Oct 15
Civmec Limited (ASX:CVL) entered into a non-binding Heads of Agreement to acquire Luerssen Australia Pty. Ltd. from NVL BV & Co KG. Civmec Limited (ASX:CVL) entered into a non-binding Heads of Agreement to acquire Luerssen Australia Pty. Ltd. from NVL BV & Co KG on October 15, 2024.
The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is December 31, 2024. Upcoming Dividend • Oct 07
Upcoming dividend of AU$0.035 per share Eligible shareholders must have bought the stock before 14 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (3.6%). Ankündigung • Oct 01
Civmec Limited, Annual General Meeting, Oct 30, 2024 Civmec Limited, Annual General Meeting, Oct 30, 2024, at 10:30 Singapore Standard Time. Location: at carlton hotel singapore, 76 bras basah road, singapore 189558, Singapore Board Change • Sep 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Doug Chester was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 05
Civmec Limited Announces Board Changes With effect from the Effective Date, the Directors of the Civmec Singapore Limited have been appointed to the board of directors of the NewCo. The existing NewCo directors, being Mr. Peter Ricciardello, Mr. Adam Goldsmith and Mr. Charles Sweeney, have resigned as directors of NewCo with effect from the Effective Date. Following the above changes, the composition of the board of directors of the NewCo are as follows: Mr. James Finbarr Fitzgerald (Executive Chairman); Mr. Patrick John Tallon (Chief Executive Officer); Mr. Kevin James Deery (Chief Operating Officer); Mr. Chong Teck Sin (Lead Independent Director); Mr. Wong Fook Choy Sunny (Independent Director) and Mr. Douglas Owen Chester (Independent Director). Ankündigung • Feb 16
Civmec Limited Declares Interim Dividend for the Half Year Ended 31 December 2023, Payable on 15 April 2024 Civmec Limited declared interim dividend of AUD 0.025 per share for the half year ended 31 December 2023 compared to AUD 0.02 per share a year ago. The dividend is payable on 15 April 2024 with record date of 27 March 2024. Ankündigung • Dec 08
Civmec Limited Ordinary Shares to Be Deleted from OTC Equity Civmec Limited Ordinary Shares (Singapore) will be deleted from OTC Equity effective December 07, 2023, due to Inactive Security. Ankündigung • Nov 03
Civmec Limited Approves of Payment of A Tax Exempt (Foreign Sourced) Final Dividend for the Financial Year Ended 30 June 2023 Civmec Limited at the AGM held on 31 October 2023, approved of payment of a tax exempt (foreign sourced) Final Dividend of 3.0 Australian cents per ordinary share for the financial year ended 30 June 2023. Ankündigung • Nov 01
Civmec Limited Proposes Payment of A Tax Exempt (Foreign Sourced) Final Dividend for the Financial Year Ended 30 June 2023, Payable on 14 December 2023 Civmec Limited at its AGM held on October 31, 2023, to approve the payment of a tax exempt (foreign sourced) Final Dividend of 3.0 Australian cents per ordinary share for the financial year ended 30 June 2023. The Proposed Final Dividend, if approved at the forthcoming Annual General Meeting, will be paid on 14 December 2023. The Register of Members and Share Transfer Books will be closed on 1 December 2023. Ankündigung • Oct 10
Civmec Limited, Annual General Meeting, Oct 31, 2023 Civmec Limited, Annual General Meeting, Oct 31, 2023, at 10:30 Singapore Standard Time. Location: Carlton Hotel Singapore, 76 Bras Basah Road, Singapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 30 June 2023 together with the Directors' Statement and Independent Auditors' Report thereon; to approve the payment of a tax exempt (foreign sourced) Final Dividend of 3.0 Australian cents per ordinary share for the financial year ended 30 June 2023; to approve the payment of Directors' fees; to re-elect the Directors; and to consider other matters. Ankündigung • Aug 29
Civmec Limited Proposes Final Dividend for the Financial Year Ended 30 June 2023, Payable on 14 December 2023 Civmec Limited announced that subject to members' approval to the proposed final dividend at the forthcoming Annual General Meeting, the Register of Members and Share Transfer Books of the company will be closed on 1 December 2023, for the preparation of dividend warrants to the proposed tax exempt (Foreign Sourced) Final dividend of AUD 0.03 for the financial year ended 30 June 2023 (Final Dividend). The Proposed Final Dividend will be paid on 14 December 2023. Ankündigung • Feb 10
Civmec Limited Declares Interim Dividend for the Half Year Ended 31 December 2022, Payable on 14 April 2023 Civmec Limited declared interim dividend of AUD 0.02 per share for the half year ended 31 December 2022 compared to AUD 0.01 per share a year ago. The dividend is payable on 14 April 2023 with record date of 30 March 2023. 
