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Civeo

DB:44C
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
44C
DB
$356M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The last earnings update was 51 days ago. More info.


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44C Share Price and Events
7 Day Returns
-12.9%
DB:44C
3.7%
DE Commercial Services
2.4%
DE Market
1 Year Returns
-41.9%
DB:44C
-8.3%
DE Commercial Services
-6.2%
DE Market
44C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Civeo (44C) -12.9% -1.5% 2.8% -41.9% - -
DE Commercial Services 3.7% 1.3% 10.8% -8.3% 3.8% -42%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 44C underperformed the Commercial Services industry which returned -8.3% over the past year.
  • 44C underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
44C
Industry
5yr Volatility vs Market

44C Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Civeo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Civeo.

DB:44C Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:44C
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (105.82%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.234 * 5.96%)
7.58%

Discounted Cash Flow Calculation for DB:44C using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Civeo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:44C DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.58%)
2019 77.80 Analyst x1 72.32
2020 101.90 Analyst x1 88.04
2021 121.06 Est @ 18.81% 97.23
2022 137.08 Est @ 13.23% 102.33
2023 149.87 Est @ 9.33% 104.00
2024 159.76 Est @ 6.6% 103.05
2025 167.25 Est @ 4.69% 100.28
2026 172.86 Est @ 3.35% 96.33
2027 177.03 Est @ 2.41% 91.70
2028 180.14 Est @ 1.76% 86.74
Present value of next 10 years cash flows $942.01
DB:44C DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $180.14 × (1 + 0.23%) ÷ (7.58% – 0.23%)
$2,455.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,455.08 ÷ (1 + 7.58%)10
$1,182.12
DB:44C Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $942.01 + $1,182.12
$2,124.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,124.13 / 169.30
$12.55
DB:44C Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:44C represents 0.89096x of NYSE:CVEO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89096x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.55 x 0.89096
€11.18
Value per share (EUR) From above. €11.18
Current discount Discount to share price of €1.87
= -1 x (€1.87 - €11.18) / €11.18
83.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Civeo is available for.
Intrinsic value
>50%
Share price is €1.87 vs Future cash flow value of €11.18
Current Discount Checks
For Civeo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Civeo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Civeo's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Civeo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Civeo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:44C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.84
NYSE:CVEO Share Price ** NYSE (2019-04-18) in USD $2.1
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Civeo.

DB:44C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CVEO Share Price ÷ EPS (both in USD)

= 2.1 ÷ -0.84

-2.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Civeo is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • Civeo is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Civeo's expected growth come at a high price?
Raw Data
DB:44C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.35x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Civeo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Civeo's assets?
Raw Data
DB:44C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.89
NYSE:CVEO Share Price * NYSE (2019-04-18) in USD $2.1
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 1.96x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:44C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CVEO Share Price ÷ Book Value per Share (both in USD)

= 2.1 ÷ 2.89

0.73x

* Primary Listing of Civeo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Civeo is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Civeo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Civeo has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

44C Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Civeo expected to grow at an attractive rate?
  • Unable to compare Civeo's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Civeo's earnings growth to the Germany market average as no estimate data is available.
  • Civeo's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:44C Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:44C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.7%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.1%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:44C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:44C Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 554 2
2019-12-31 482 -57 3
DB:44C Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 467 54 -132
2018-09-30 454 37 -166
2018-06-30 431 56 -174
2018-03-31 392 50 -140
2017-12-31 382 57 -106
2017-09-30 372 59 -74
2017-06-30 379 41 -94
2017-03-31 394 61 -91
2016-12-31 397 62 -96
2016-09-30 404 60 -91
2016-06-30 406 127 -157
2016-03-31 442 149 -159

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Civeo is high growth as no earnings estimate data is available.
  • Civeo's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:44C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Civeo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:44C Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 -0.34 -0.34 -0.34 1.00
DB:44C Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.84
2018-09-30 -1.11
2018-06-30 -1.24
2018-03-31 -1.07
2017-12-31 -0.82
2017-09-30 -0.61
2017-06-30 -0.81
2017-03-31 -0.82
2016-12-31 -0.90
2016-09-30 -0.85
2016-06-30 -1.47
2016-03-31 -1.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Civeo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Civeo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Civeo has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

44C Past Performance

  How has Civeo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Civeo's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Civeo does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Civeo's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Civeo's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Civeo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Civeo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:44C Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 466.69 -131.83 61.87
2018-09-30 453.52 -165.61 67.04
2018-06-30 430.52 -173.69 65.89
2018-03-31 392.35 -140.18 62.81
2017-12-31 382.28 -105.71 61.13
2017-09-30 371.85 -74.08 57.38
2017-06-30 378.60 -93.88 55.16
2017-03-31 393.62 -90.55 56.39
2016-12-31 397.23 -96.39 55.30
2016-09-30 403.59 -91.04 58.70
2016-06-30 405.90 -156.59 61.75
2016-03-31 442.01 -158.57 64.87
2015-12-31 517.96 -131.76 68.44
2015-09-30 640.37 -391.49 66.97
2015-06-30 777.09 -251.66 63.50
2015-03-31 861.08 -224.23 66.79
2014-12-31 942.89 -188.12 66.25
2014-09-30 981.67 127.47 70.28
2014-06-30 983.51 134.63 74.28
2014-03-31 999.37 153.41 69.47
2013-12-31 1,041.10 181.13 69.59
2013-09-30 1,055.40 182.28 67.18
2012-12-31 1,108.88 243.72 64.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Civeo has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Civeo has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Civeo improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Civeo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Civeo has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

44C Health

 How is Civeo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Civeo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Civeo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Civeo's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Civeo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Civeo Company Filings, last reported 3 months ago.

DB:44C Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 535.42 376.24 12.37
2018-09-30 563.24 420.31 4.54
2018-06-30 575.47 427.16 4.79
2018-03-31 419.59 318.39 41.98
2017-12-31 476.37 294.59 32.65
2017-09-30 525.83 324.19 54.00
2017-06-30 532.07 316.19 27.33
2017-03-31 538.73 312.00 27.14
2016-12-31 475.99 353.27 1.79
2016-09-30 514.75 373.86 2.53
2016-06-30 545.67 391.12 2.26
2016-03-31 567.56 409.96 2.97
2015-12-31 563.77 396.88 7.84
2015-09-30 569.60 416.08 12.64
2015-06-30 755.34 775.00 315.17
2015-03-31 750.92 775.00 279.80
2014-12-31 860.11 775.00 263.31
2014-09-30 1,224.40 775.00 241.81
2014-06-30 1,317.06 775.00 285.49
2014-03-31 1,665.23 322.52 264.75
2013-12-31 1,592.75 335.17 224.13
2013-09-30 1,543.33 346.61 157.16
2012-12-31 1,411.65 491.91 161.40
  • Civeo's level of debt (70.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21% vs 70.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Civeo has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Civeo has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.9% per year.
X
Financial health checks
We assess Civeo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Civeo has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

44C Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Civeo dividends.
If you bought €2,000 of Civeo shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Civeo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Civeo's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:44C Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:44C Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
DB:44C Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-07-30 0.000 0.000
2015-04-30 0.000 0.000
2015-04-08 0.520 14.412
2015-03-13 0.520 19.315
2014-07-29 0.520 7.513

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Civeo has not reported any payouts.
  • Unable to verify if Civeo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Civeo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Civeo has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Civeo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Civeo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Civeo has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

44C Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bradley Dodson
COMPENSATION $3,046,533
AGE 44
TENURE AS CEO 4.9 years
CEO Bio

Mr. Bradley J. Dodson has been the Chief Executive Officer, President and Director of Civeo Corporation since May 2014. Mr. Dodson served as an Executive Vice President of Accommodations at Oil States International Inc. since December 9, 2013 until May 2014. He served as the President of Oil States since December 2013. He held several executive positions with Oil States International Inc. since March 2001, including Chief Financial Officer, Senior Vice President and Treasurer from April 2010 to December 2013, Chief Financial Officer, Vice President and Treasurer from May 2006 to April 2010, Vice President of Corporate Development from March 2003 to May 2006 and Director of Business Development from March 2001 to February 2003. He served as an Associate of SCF Partners. From June 1998 to March 2001, he served in several positions at L.E. Simmons & Associates, Incorporated, a private equity firm specializing in oilfield service investments. From July 1996 to June 1998, he worked in the Mergers and Acquisitions Group of Merrill Lynch & Co. He serves as a Director of Civeo Pty Ltd. Mr. Dodson holds an M.B.A. degree from the University of Texas at Austin and a B.A. degree in Economics from Duke University.

CEO Compensation
  • Bradley's compensation has increased whilst company is loss making.
  • Bradley's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Civeo management team in years:

4.9
Average Tenure
51
Average Age
  • The tenure for the Civeo management team is about average.
Management Team

Bradley Dodson

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
44
TENURE
4.9 yrs

Frank Steininger

TITLE
Executive VP
COMPENSATION
$2M
AGE
60
TENURE
4.9 yrs

Peter McCann

TITLE
Senior Vice President of Australia
COMPENSATION
$1M
AGE
51
TENURE
4.8 yrs

Al Schoening

TITLE
Senior Vice President of Canada
COMPENSATION
$946K
AGE
59
TENURE
1.8 yrs

Collin Gerry

TITLE
Vice President of Corporate Development

Carolyn Stone

TITLE
VP, Controller & Corporate Secretary
AGE
46
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Civeo board of directors in years:

4.8
Average Tenure
62
Average Age
  • The tenure for the Civeo board of directors is about average.
Board of Directors

Rick Navarre

TITLE
Chairman of the Board
COMPENSATION
$280K
AGE
57
TENURE
1.9 yrs

Bradley Dodson

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
44
TENURE
4.9 yrs

Charles Szalkowski

TITLE
Independent Director
COMPENSATION
$241K
AGE
69
TENURE
4.8 yrs

Martin Lambert

TITLE
Independent Director
COMPENSATION
$244K
AGE
62
TENURE
4.9 yrs

Connie Moore

TITLE
Independent Director
COMPENSATION
$245K
AGE
62
TENURE
4.8 yrs

Ron Blankenship

TITLE
Independent Director
COMPENSATION
$256K
AGE
68
TENURE
4.8 yrs

Tim Wall

TITLE
Independent Director
COMPENSATION
$200K
AGE
56
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Civeo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Civeo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

44C News

Simply Wall St News

44C Company Info

Description

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services; recreation facilities; and camp management services, including fresh water and sewage hauling services. In addition, the company provides site selection, permitting, engineering and designing, manufacturing management, and site construction services. It owns and operates 33 lodges and villages with approximately 33,000 rooms and a fleet of mobile accommodation assets. The company serves oil and natural gas, mining, and oilfield and mining service companies. The company is headquartered in Houston, Texas.

Details
Name: Civeo Corporation
44C
Exchange: DB
Founded:
$316,140,855
169,301,917
Website: http://civeo.com
Address: Civeo Corporation
Three Allen Center,
Suite 4980,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CVEO New Common Stock New York Stock Exchange US USD 19. May 2014
DB 44C New Common Stock Deutsche Boerse AG DE EUR 19. May 2014
Number of employees
Current staff
Staff numbers
2,200
Civeo employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.