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CAVE

Caverton Offshore Support GroupNGSE:CAVERTON Stock Report

Market Cap

₦5.9b

7D

1.2%

1Y

-4.9%

Updated

22 Oct, 2021

Data

Company Financials
CAVERTON fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

CAVERTON Overview

Caverton Offshore Support Group Plc provides marine and aviation logistics services to the oil and gas industry in Nigeria and Sub-Sahara Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Caverton Offshore Support Group
Historical stock prices
Current Share Price₦1.75
52 Week High₦1.58
52 Week Low₦2.18
Beta0.87
1 Month Change1.74%
3 Month Change-10.26%
1 Year Change-4.89%
3 Year Change-8.38%
5 Year Change59.09%
Change since IPO-75.07%

Recent News & Updates

Shareholder Returns

CAVERTONNG Energy ServicesNG Market
7D1.2%0.9%1.4%
1Y-4.9%61.4%41.3%

Return vs Industry: CAVERTON underperformed the NG Energy Services industry which returned 61.4% over the past year.

Return vs Market: CAVERTON underperformed the NG Market which returned 41.3% over the past year.

Price Volatility

Is CAVERTON's price volatile compared to industry and market?
CAVERTON volatility
CAVERTON Beta0.87
Industry Beta1.94
Market Beta1

Stable Share Price: CAVERTON is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CAVERTON's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993363Niyi Makanjuolahttps://www.caverton-offshore.com

Caverton Offshore Support Group Plc provides marine and aviation logistics services to the oil and gas industry in Nigeria and Sub-Sahara Africa. The company offers charter, shuttle, and maintenance services of helicopters and airplanes to third parties; and engages in the harbour and general marine activities. It also provides marine/special transportation, and ground and flight training services, as well as is involved in the shipment of petroleum product business.

Caverton Offshore Support Group Fundamentals Summary

How do Caverton Offshore Support Group's earnings and revenue compare to its market cap?
CAVERTON fundamental statistics
Market Cap₦5.86b
Earnings (TTM)₦1.19b
Revenue (TTM)₦34.16b

4.9x

P/E Ratio

0.2x

P/S Ratio


Dividends

5.7%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Caverton Offshore Support Group undervalued compared to its fair value and its price relative to the market?

4.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CAVERTON (NGN1.75) is trading above our estimate of fair value (NGN0.56)

Significantly Below Fair Value: CAVERTON is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CAVERTON is good value based on its PE Ratio (4.9x) compared to the Global Energy Services industry average (15.3x).

PE vs Market: CAVERTON is good value based on its PE Ratio (4.9x) compared to the NG market (7.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CAVERTON is good value based on its PB Ratio (0.3x) compared to the XX Energy Services industry average (1x).


Future Growth

How is Caverton Offshore Support Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

39.3%

Forecasted Energy 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 Caverton Offshore Support Group 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.


Past Performance

How has Caverton Offshore Support Group performed over the past 5 years?

19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAVERTON has high quality earnings.

Growing Profit Margin: CAVERTON's current net profit margins (3.5%) are lower than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: CAVERTON has become profitable over the past 5 years, growing earnings by 19.1% per year.

Accelerating Growth: CAVERTON's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CAVERTON had negative earnings growth (-65.1%) over the past year, making it difficult to compare to the Energy Services industry average (4%).


Return on Equity

High ROE: CAVERTON's Return on Equity (5.3%) is considered low.


Financial Health

How is Caverton Offshore Support Group's financial position?


Financial Position Analysis

Short Term Liabilities: CAVERTON's short term assets (NGN33.6B) exceed its short term liabilities (NGN23.9B).

Long Term Liabilities: CAVERTON's short term assets (NGN33.6B) exceed its long term liabilities (NGN32.4B).


Debt to Equity History and Analysis

Debt Level: CAVERTON's debt to equity ratio (101.3%) is considered high.

Reducing Debt: CAVERTON's debt to equity ratio has reduced from 142.1% to 101.3% over the past 5 years.

Debt Coverage: CAVERTON's debt is well covered by operating cash flow (25.3%).

Interest Coverage: CAVERTON's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Dividend

What is Caverton Offshore Support Group current dividend yield, its reliability and sustainability?

5.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAVERTON's dividend (5.71%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: CAVERTON's dividend (5.71%) is low compared to the top 25% of dividend payers in the NG market (7.3%).


Stability and Growth of Payments

Stable Dividend: CAVERTON has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CAVERTON has only been paying a dividend for 7 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.2%), CAVERTON'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?

5.9yrs

Average management tenure


CEO

Niyi Makanjuola

no data

Tenure

Mr. Olabode Makanjuola serves as the Executive Vice-Chairman, Chief Executive Officer and Managing Director at Caverton Offshore Support Group Plc. Mr. Makanjuola holds Bachelor's degree in Mechanical Eng...


Leadership Team

Experienced Management: CAVERTON's management team is seasoned and experienced (5.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Caverton Offshore Support Group Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Caverton Offshore Support Group Plc
  • Ticker: CAVERTON
  • Exchange: NGSE
  • Founded: 1993
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: ₦5.863b
  • Shares outstanding: 3.35b
  • Website: https://www.caverton-offshore.com

Number of Employees


Location

  • Caverton Offshore Support Group Plc
  • 1, Prince Kayode Akingbade Close
  • Off Muri Okunola Street
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:48
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.