Korvest
Market Cap
AU$56.4m
Last Updated
2021/01/22 07:03 UTC
Data Sources
Company Financials +
Executive Summary
Korvest Ltd, together with its subsidiaries, manufacturers and supplies cable and pipe support systems, galvanising services, and access systems for large mobile equipment in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Korvest's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KOV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KOV's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
KOV
0.4%
AU Machinery
2.0%
AU Market
1 Year Return
21.4%
KOV
6.7%
AU Machinery
-0.4%
AU Market
Return vs Industry: KOV exceeded the Australian Machinery industry which returned 6.7% over the past year.
Return vs Market: KOV exceeded the Australian Market which returned -0.4% over the past year.
Shareholder returns
| KOV | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 0.4% | 2.0% |
| 30 Day | 5.6% | 9.0% | 4.4% |
| 90 Day | 7.4% | 0.5% | 12.1% |
| 1 Year | 28.9%21.4% | 8.5%6.7% | 3.0%-0.4% |
| 3 Year | 143.4%104.0% | 0.2%-2.7% | 27.3%11.6% |
| 5 Year | 171.5%99.2% | 90.7%64.3% | 70.2%35.9% |
Long-Term Price Volatility Vs. Market
How volatile is Korvest's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Korvest Ltd's (ASX:KOV) Latest Stock Performance A Reflection Of Its Financial Health?3 weeks ago | Simply Wall St
Is Korvest Ltd (ASX:KOV) The Right Choice For A Smart Dividend Investor?1 month ago | Simply Wall St
Does Korvest (ASX:KOV) Deserve A Spot On Your Watchlist?Valuation
Is Korvest undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KOV (A$5.1) is trading below our estimate of fair value (A$41.83)
Significantly Below Fair Value: KOV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KOV is good value based on its PE Ratio (14.2x) compared to the AU Machinery industry average (17.2x).
PE vs Market: KOV is good value based on its PE Ratio (14.2x) compared to the Australian market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KOV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KOV is good value based on its PB Ratio (1.8x) compared to the AU Machinery industry average (2x).
Next Steps
Future Growth
How is Korvest forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
4.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if KOV's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if KOV's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KOV's revenue (4% per year) is forecast to grow slower than the Australian market (5.2% per year).
High Growth Revenue: KOV's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KOV's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Korvest performed over the past 5 years?
39.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOV has high quality earnings.
Growing Profit Margin: KOV's current net profit margins (6.3%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: KOV's earnings have grown significantly by 39.5% per year over the past 5 years.
Accelerating Growth: KOV's earnings growth over the past year (39.3%) is below its 5-year average (39.5% per year).
Earnings vs Industry: KOV earnings growth over the past year (39.3%) exceeded the Machinery industry 19.6%.
Return on Equity
High ROE: KOV's Return on Equity (12.3%) is considered low.
Next Steps
Financial Health
How is Korvest's financial position?
Financial Position Analysis
Short Term Liabilities: KOV's short term assets (A$27.8M) exceed its short term liabilities (A$10.2M).
Long Term Liabilities: KOV's short term assets (A$27.8M) exceed its long term liabilities (A$5.5M).
Debt to Equity History and Analysis
Debt Level: KOV is debt free.
Reducing Debt: KOV has no debt compared to 5 years ago when its debt to equity ratio was 1.5%.
Debt Coverage: KOV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KOV has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Korvest current dividend yield, its reliability and sustainability?
5.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KOV's dividend (5.49%) is higher than the bottom 25% of dividend payers in the Australian market (2.06%).
High Dividend: KOV's dividend (5.49%) is in the top 25% of dividend payers in the Australian market (5%)
Stability and Growth of Payments
Stable Dividend: KOV's dividend payments have been volatile in the past 10 years.
Growing Dividend: KOV's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (78.1%), KOV's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KOV's dividends in 3 years are forecast to be covered by earnings (83.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Chris Hartwig (49 yo)
2.92yrs
Tenure
AU$531,251
Compensation
Mr. Chris A. Hartwig, BA(Acc), MAICD, has been Managing Director and Director of Korvest Ltd since February 28, 2018. Mr. Hartwig served as Executive General Manager of Sales & Marketing at Korvest Ltd. Mr...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD412.49K) is above average for companies of similar size in the Australian market ($USD295.20K).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.92yrs | AU$531.25k | 0.48% A$ 270.9k | |
| Finance Director | 12yrs | AU$403.32k | 0.52% A$ 295.9k | |
| General Manager of Operations | 5yrs | AU$269.74k | 0.074% A$ 41.9k | |
| General Manager of Sales - EzyStrut | 2.83yrs | AU$329.83k | 0.0027% A$ 1.5k |
4.0yrs
Average Tenure
Experienced Management: KOV's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.92yrs | AU$531.25k | 0.48% A$ 270.9k | |
| Finance Director | 12yrs | AU$403.32k | 0.52% A$ 295.9k | |
| Independent Non-Executive Director | 4.42yrs | AU$73.18k | 0.075% A$ 42.3k | |
| Independent Non-Executive Chairman | 6.33yrs | AU$146.64k | 0.10% A$ 58.1k | |
| Independent Non-Executive Director | 6.17yrs | AU$85.55k | 0.0044% A$ 2.5k | |
| Independent Non Executive Director | 6.92yrs | AU$85.55k | 0.055% A$ 31.2k |
6.3yrs
Average Tenure
58yo
Average Age
Experienced Board: KOV's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Korvest Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Korvest Ltd
- Ticker: KOV
- Exchange: ASX
- Founded: 1970
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: AU$56.404m
- Shares outstanding: 11.33m
- Website: https://www.korvest.com.au
Number of Employees
Location
- Korvest Ltd
- 580 Prospect Road
- Kilburn
- South Australia
- 5084
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KOV | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| KOV | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
Korvest Ltd, together with its subsidiaries, manufacturers and supplies cable and pipe support systems, galvanising services, and access systems for large mobile equipment in Australia. It operates in two ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 07:03 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.