KOV Stock Overview

Engages in the hot dip galvanizing and sheet metal fabrication businesses primarily in Australia. More details

KOV fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (10.9x) is below the Australian market (19.8x)

Risk Analysis

Dividend of 6.34% is not well covered by free cash flows

Does not have a meaningful market cap (A$120M)

My Notes

Capture your thoughts, links and company narrative

Korvest Ltd Competitors

VEEM

ASX:VEE

AU$168.4m

Environmental Group

ASX:EGL

AU$119.9m

LaserBond

ASX:LBL

AU$64.5m

XRF Scientific

ASX:XRF

AU$252.9m

Price History & Performance

Summary of share price highs, lows and changes for Korvest
Historical stock prices
Current Share Price	AU$10.25
52 Week High	AU$11.20
52 Week Low	AU$8.03
Beta	0.66
1 Month Change	4.91%
3 Month Change	-0.58%
1 Year Change	27.65%
3 Year Change	36.85%
5 Year Change	192.86%
Change since IPO	439.47%

Recent updates

It's Unlikely That Korvest Ltd's (ASX:KOV) CEO Will See A Huge Pay Rise This Year

Oct 15

The Return Trends At Korvest (ASX:KOV) Look Promising

Jun 14

A Look At The Intrinsic Value Of Korvest Ltd (ASX:KOV)

May 24

Should You Or Shouldn't You: A Dividend Analysis on Korvest Ltd (ASX:KOV)

Apr 04

Does Korvest (ASX:KOV) Deserve A Spot On Your Watchlist?

Mar 17

We Like These Underlying Trends At Korvest (ASX:KOV)

Feb 24

What Did Korvest's (ASX:KOV) CEO Take Home Last Year?

Feb 09

A Look At The Intrinsic Value Of Korvest Ltd (ASX:KOV)

Jan 25

Is Korvest Ltd's (ASX:KOV) Latest Stock Performance A Reflection Of Its Financial Health?

Jan 12

Is Korvest Ltd (ASX:KOV) The Right Choice For A Smart Dividend Investor?

Dec 30

Does Korvest (ASX:KOV) Deserve A Spot On Your Watchlist?

Dec 17

Is It Too Late To Consider Buying Korvest Ltd (ASX:KOV)?

Dec 04

Does Korvest's (ASX:KOV) Statutory Profit Adequately Reflect Its Underlying Profit?

Nov 21

The Returns On Capital At Korvest (ASX:KOV) Don't Inspire Confidence

Jul 22

Are Korvest's (ASX:KOV) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jul 07

With EPS Growth And More, Korvest (ASX:KOV) Is Interesting

Jun 22

Shareholder Returns

	KOV	AU Machinery	AU Market
7D	0.5%	-8.0%	-2.0%
1Y	27.6%	20.8%	7.8%

Return vs Industry: KOV exceeded the Australian Machinery industry which returned 20.8% over the past year.

Return vs Market: KOV exceeded the Australian Market which returned 7.8% over the past year.

Price Volatility

Is KOV's price volatile compared to industry and market?
KOV volatility
KOV Average Weekly Movement	3.4%
Machinery Industry Average Movement	7.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: KOV has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: KOV's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1970	246	Chris Hartwig	www.korvest.com.au

Korvest Ltd, together with its subsidiaries, engages in the hot dip galvanizing and sheet metal fabrication businesses primarily in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, which include channel, cable trays, cable ladders, cable mesh and ducts, and general and heavy duty pipe clamps and hangers, as well as specialist pipe supports products, other fittings, fasteners, and clamping components under the EzyStrut name.

Korvest Ltd Fundamentals Summary

How do Korvest's earnings and revenue compare to its market cap?
KOV fundamental statistics
Market cap	AU$120.45m
Earnings (TTM)	AU$11.04m
Revenue (TTM)	AU$102.93m

10.9x

P/E Ratio

1.2x

P/S Ratio

Is KOV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KOV income statement (TTM)
Revenue	AU$102.93m
Cost of Revenue	AU$62.62m
Gross Profit	AU$40.31m
Other Expenses	AU$29.26m
Earnings	AU$11.04m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.94
Gross Margin	39.16%
Net Profit Margin	10.73%
Debt/Equity Ratio	0%

How did KOV perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

69%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 22:16
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Korvest Ltd is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexandra Clarke	Morgans Financial Limited
Adam Dellaverde	Taylor Collison Limited

KOV Stock Overview

Rewards

Risk Analysis

Korvest Ltd Competitors

ASX:VEE

AU$168.4m

ASX:EGL

AU$119.9m

ASX:LBL

AU$64.5m

ASX:XRF

AU$252.9m

Price History & Performance

Recent News & Updates

Korvest Ltd, Annual General Meeting, Oct 25, 2024

Now 22% undervalued

Full year 2024 earnings released: EPS: AU$0.95 (vs AU$0.97 in FY 2023)

First half dividend of AU$0.40 announced

Now 18% undervalued

Now 20% undervalued

Recent updates

Korvest Ltd, Annual General Meeting, Oct 25, 2024

Now 22% undervalued

Full year 2024 earnings released: EPS: AU$0.95 (vs AU$0.97 in FY 2023)

First half dividend of AU$0.40 announced

Now 18% undervalued

Now 20% undervalued

Now 20% undervalued

Now 20% undervalued

Upcoming dividend of AU$0.25 per share at 6.5% yield

Korvest (ASX:KOV) Has Announced A Dividend Of A$0.25

First half 2024 earnings released: EPS: AU$0.49 (vs AU$0.39 in 1H 2023)

Korvest Ltd. Announces Fully Franked Ordinary Dividend for the Six Months Ended December 31, 2023, Payable on March 3, 2024

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Korvest Ltd Announces Director Changes

Korvest Ltd Announces Director Changes

Korvest Ltd, Annual General Meeting, Oct 31, 2023

Now 20% undervalued

Upcoming dividend of AU$0.35 per share at 7.0% yield

Korvest's (ASX:KOV) Dividend Will Be A$0.35

Full year 2023 earnings released: EPS: AU$0.97 (vs AU$0.99 in FY 2022)

Korvest Ltd Announces Fully Franked Final Dividend, to Be Paid on 6 September 2023

Upcoming dividend of AU$0.25 per share at 7.4% yield

First half 2023 earnings released: EPS: AU$0.39 (vs AU$0.61 in 1H 2022)

Korvest Ltd Provides Earnings Guidance for the Second Half of Fiscal Year 2023

Now 20% undervalued

We Think Korvest Ltd's (ASX:KOV) CEO Compensation Looks Fair

Korvest Ltd, Annual General Meeting, Oct 21, 2022

Upcoming dividend of AU$0.35 per share

Korvest's (ASX:KOV) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2022 earnings released: EPS: AU$0.99 (vs AU$0.54 in FY 2021)

Korvest Ltd Announces Ordinary Dividend for the Period of Six Months Ended June 30, 2022, Payable on September 2, 2022

Upcoming dividend of AU$0.25 per share

Korvest's (ASX:KOV) Shareholders Will Receive A Bigger Dividend Than Last Year

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Should You Be Adding Korvest (ASX:KOV) To Your Watchlist Today?

It's Unlikely That Korvest Ltd's (ASX:KOV) CEO Will See A Huge Pay Rise This Year

Investor sentiment improved over the past week

Insufficient new directors

Insufficient new directors

Insufficient new directors

Independent Non-Executive Chairman Graeme Billings has left the company

An unknown buyer agreed to acquire Titan Technologies (SE Asia) Pty Ltd./Power Step (Australia) Pty Ltd from Korvest Ltd (ASX:KOV) for AUD 1 million.

Upcoming dividend of AU$0.20 per share

Full year 2021 earnings released: EPS AU$0.54 (vs AU$0.36 in FY 2020)

The Return Trends At Korvest (ASX:KOV) Look Promising

A Look At The Intrinsic Value Of Korvest Ltd (ASX:KOV)

Should You Or Shouldn't You: A Dividend Analysis on Korvest Ltd (ASX:KOV)

Does Korvest (ASX:KOV) Deserve A Spot On Your Watchlist?

We Like These Underlying Trends At Korvest (ASX:KOV)

New 90-day low: AU$4.51

Upcoming Dividend of AU$0.15 Per Share

What Did Korvest's (ASX:KOV) CEO Take Home Last Year?

A Look At The Intrinsic Value Of Korvest Ltd (ASX:KOV)

First half 2021 earnings released: EPS AU$0.25

Is Korvest Ltd's (ASX:KOV) Latest Stock Performance A Reflection Of Its Financial Health?

Is Korvest Ltd (ASX:KOV) The Right Choice For A Smart Dividend Investor?

New 90-day high: AU$5.14