BST:1CV

Stock Analysis Report

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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 Analysis

Adequate balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1CV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.6%

1CV

3.7%

DE Construction

2.2%

DE Market


1 Year Return

12.2%

1CV

-21.7%

DE Construction

12.4%

DE Market

Return vs Industry: 1CV exceeded the German Construction industry which returned -21.7% over the past year.

Return vs Market: 1CV matched the German Market which returned 12.4% over the past year.


Shareholder returns

1CVIndustryMarket
7 Day2.6%3.7%2.2%
30 Day-3.9%-5.4%0.8%
90 Day-1.0%16.2%18.1%
1 Year14.6%12.2%-15.4%-21.7%15.0%12.4%
3 Yearn/a-41.8%-49.3%8.5%-0.3%
5 Yearn/a22.2%3.1%27.8%10.6%

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 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: 1CV (€0.2) is trading below our estimate of fair value (€1.95)

Significantly Below Fair Value: 1CV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1CV is poor value based on its PE Ratio (15.2x) compared to the XE Construction industry average (11.5x).

PE vs Market: 1CV is good value based on its PE Ratio (15.2x) compared to the German market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1CV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1CV's PB Ratio (1x) is in line with the XE Construction industry average.


Next Steps

Future Growth

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

26.6%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Civmec has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Civmec performed over the past 5 years?

-24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1CV has high quality earnings.

Growing Profit Margin: 1CV's current net profit margins (3.6%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: 1CV's earnings have declined by 24.8% per year over the past 5 years.

Accelerating Growth: 1CV's earnings growth over the past year (33.7%) exceeds its 5-year average (-24.8% per year).

Earnings vs Industry: 1CV earnings growth over the past year (33.7%) exceeded the Construction industry 7.9%.


Return on Equity

High ROE: 1CV's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Civmec's financial position?


Financial Position Analysis

Short Term Liabilities: 1CV's short term assets (A$204.4M) exceed its short term liabilities (A$164.0M).

Long Term Liabilities: 1CV's short term assets (A$204.4M) exceed its long term liabilities (A$125.6M).


Debt to Equity History and Analysis

Debt Level: 1CV's debt to equity ratio (55.3%) is considered high.

Reducing Debt: 1CV's debt to equity ratio has increased from 6.7% to 55.3% over the past 5 years.

Debt Coverage: 1CV's debt is well covered by operating cash flow (67.4%).

Interest Coverage: 1CV's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1CV's dividend (1.89%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: 1CV's dividend (1.89%) is low compared to the top 25% of dividend payers in the German market (3.74%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1CV has been paying a dividend for less than 10 years.

Growing Dividend: 1CV's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), 1CV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Pat Tallon (50 yo)

no data

Tenure

Mr. Patrick John Tallon, also known as Pat, serves as the Chief Executive Officer at Civmec Limited. Mr. Tallon joined Civmec Limited in July 2009 and is responsible for the safety, budgets, management and ...


Leadership Team

NamePositionTenureCompensationOwnership
James Fitzgerald
Executive Chairman of the Boardno datano data39.01%
A$ 44.6m
Patrick Tallon
CEO & Executive Directorno datano data0.011%
A$ 12.3k
Kevin Deery
Acting CFO8.42yrsno data2.65%
A$ 3.0m
Lai Chan
Joint Company Secretary2yrsno datano data
Pay Lee Lee
Joint Company Secretary2yrsno datano data

2.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 1CV's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Fitzgerald
Executive Chairman of the Boardno datano data39.01%
A$ 44.6m
Patrick Tallon
CEO & Executive Directorno datano data0.011%
A$ 12.3k
Kevin Deery
Acting CFO8.42yrsno data2.65%
A$ 3.0m
Teck Sin Chong
Lead Independent Directorno datano datano data
Fook Choy Wong
Independent Director8.42yrsno datano data
Douglas Chester
Independent Director7.75yrsno data0.024%
A$ 27.4k

8.4yrs

Average Tenure

60yo

Average Age

Experienced Board: 1CV's board of directors are considered experienced (8.4 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

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$185.364m
  • Listing Market Cap: S$114.311m
  • Shares outstanding: 500.99m
  • Website: https://www.civmec.com.au

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 Analysis2020/08/15 04:22
End of Day Share Price2020/08/14 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


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.