ASX:CVLConstruction
Civmec (ASX:CVL) Shares Hint At Value As Margins Hold Firm
Civmec stock closed at A$1.86 after a soft week that left the shares down about 3.6% over seven days, while the latest earnings present a calmer picture than the price move suggests. The headline is margin and earnings resilience. Trailing net profit margin sits at 5.8% and the construction contractor is on a P/E of 18.2x, which is below both peer and Australian construction industry averages.
The market appears to be reacting to near term noise. Long term investors are more likely to focus...