BST:1CV

Stock Analysis Report

Executive Summary

Civmec Limited, an investment holding company, provides heavy engineering and construction services for the metals and minerals, oil and gas, water and energy, infrastructure, and marine and defense markets in Australia, Papua New Guinea, and Uganda.

Snowflake

Fundamentals

Fair value with acceptable track record.

Risks

  • Civmec has significant price volatility in the past 3 months.
  • Civmec is not covered by any analysts.

Share Price & News

How has Civmec's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

BST:1CV

-3.3%

DE Construction

-1.6%

DE Market


1 Year Return

-45.9%

BST:1CV

-30.7%

DE Construction

-10.5%

DE Market

1CV underperformed the Construction industry which returned -33.3% over the past year.

1CV underperformed the Market in Germany which returned -12% over the past year.


Share holder returns

1CVIndustryMarket
7 Day1.7%-3.3%-1.6%
30 Day-2.7%-12.4%-5.4%
90 Day-11.5%-16.9%-6.0%
1 Year-44.9%-45.9%-27.8%-30.7%-7.7%-10.5%
3 Yearn/a-14.8%-21.1%9.4%-0.02%
5 Yearn/a78.3%58.4%25.5%8.1%

Price Volatility Vs. Market

How volatile is Civmec's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Civmec undervalued based on future cash flows and its price relative to the stock market?

9.15x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Civmec's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Civmec's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Civmec is good value based on earnings compared to the Europe Construction industry average.

Civmec is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Civmec, we can't assess if its growth is good value.


Price Based on Value of Assets

Civmec is good value based on assets compared to the Europe Construction industry average.


Next Steps

Future Growth

How is Civmec expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Civmec is high growth as no revenue estimate data is available.

Civmec's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Civmec's revenue growth to the Germany market average as no estimate data is available.

Civmec's earnings growth is expected to exceed the Germany market average.

Civmec's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Civmec will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Civmec performed over the past 5 years?

-15.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Civmec's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Civmec's 1-year earnings growth exceeds its 5-year average (15.6% vs -15.4%)

Civmec's earnings growth has exceeded the Europe Construction industry average in the past year (15.6% vs 8%).


Return on Equity

Civmec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Civmec used its assets more efficiently than the Europe Construction industry average last year based on Return on Assets.


Return on Capital Employed

Civmec's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Civmec's financial position?


Financial Position Analysis

Civmec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Civmec's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Civmec's level of debt (77.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (4% vs 77.7% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2x debt.


Next Steps

Dividend

What is Civmec's current dividend yield, its reliability and sustainability?

2.08%

Current Dividend Yield


Dividend Yield and Payments Analysis

Civmec's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.61%).

Civmec's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

Whilst dividend payments have been stable, Civmec has been paying a dividend for less than 10 years.

Dividend payments have increased, but Civmec only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Civmec's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Pat Tallon (49yo)

Mr. Patrick John Tallon, also known as pat, serves as the Chief Executive Officer at VDM CCE Pty Ltd. and Civmec Limited. Mr. Tallon joined Civmec Limited in July 2009 and is responsible for the safety, bu ...


Management Age and Tenure

1.0yrs

Average Tenure

48.5yo

Average Age

The average tenure for the Civmec management team is less than 2 years, this suggests a new team.


Board Age and Tenure

7.4yrs

Average Tenure

59yo

Average Age

The tenure for the Civmec board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Justine Campbell (48yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
  • James Fitzgerald (55yo)

    Executive Chairman

  • Pat Tallon (49yo)

    CEO & Director

  • Kevin Deery (47yo)

    COO & Director

  • Lai Chan

    Joint Company Secretary

    • Tenure: 1.0yrs
  • Pay Lee Lee

    Joint Company Secretary

    • Tenure: 1.0yrs

Board Members

  • Steven Chong (64yo)

    Lead Independent Director

  • Sunny Wong (63yo)

    Independent Director

    • Tenure: 7.4yrs
  • Douglas Chester (66yo)

    Independent Director

    • Tenure: 6.8yrs
  • James Fitzgerald (55yo)

    Executive Chairman

  • Pat Tallon (49yo)

    CEO & Director

    • Tenure: 7.4yrs
  • Kevin Deery (47yo)

    COO & Director

    • Tenure: 7.4yrs

Company Information

Civmec Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Civmec Limited
  • Ticker: 1CV
  • Exchange: BST
  • Founded: 2009
  • Industry: construction and engineering
  • Sector: capital goods
  • Market Cap: S$157.810m
  • Listing Market Cap: S$102.329m
  • Shares outstanding: 500.99m
  • Website: Click here

Number of Employees


Location

  • Civmec Limited
  • 16 Nautical Drive
  • Henderson
  • Perth
  • Western Australia
  • 6166
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
P9DSGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2012
1CVBST (Boerse-Stuttgart)YesOrdinary SharesDEEURApr 2012
CVLASX (Australian Securities Exchange)NPV CDI (1:1)AUAUDJun 2018
CVLCHIA (Chi-X Australia)NPV CDI (1:1)AUAUDJun 2018

Biography

Civmec Limited, an investment holding company, provides heavy engineering and construction services for the metals and minerals, oil and gas, water and energy, infrastructure, and marine and defense market ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 21:52
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.