| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | ₦1.75 |
| 52 Week High | ₦1.58 |
| 52 Week Low | ₦2.18 |
| Beta | 0.87 |
| 1 Month Change | 1.74% |
| 3 Month Change | -10.26% |
| 1 Year Change | -4.89% |
| 3 Year Change | -8.38% |
| 5 Year Change | 59.09% |
| Change since IPO | -75.07% |
Recent News & Updates
Shareholder Returns
| CAVERTON | NG Energy Services | NG Market | |
|---|---|---|---|
| 7D | 1.2% | 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
| CAVERTON volatility | |
|---|---|
| CAVERTON Beta | 0.87 |
| Industry Beta | 1.94 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 363 | Niyi Makanjuola | https://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
| CAVERTON fundamental statistics | |
|---|---|
| Market Cap | ₦5.86b |
| Earnings (TTM) | ₦1.19b |
| Revenue (TTM) | ₦34.16b |
4.9x
P/E Ratio0.2x
P/S RatioIs CAVERTON overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CAVERTON income statement (TTM) | |
|---|---|
| Revenue | ₦34.16b |
| Cost of Revenue | ₦20.38b |
| Gross Profit | ₦13.78b |
| Expenses | ₦12.59b |
| Earnings | ₦1.19b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.35 |
| Gross Margin | 40.34% |
| Net Profit Margin | 3.48% |
| Debt/Equity Ratio | 101.3% |
How did CAVERTON perform over the long term?
See historical performance and comparisonDividends
5.7%
Current Dividend Yield28%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 15:48 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.