| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
CVEO Stock Overview
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States.
Rewards
Risk Analysis
No risks detected for CVEO from our risk checks.
Civeo Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.42 |
| 52 Week High | US$25.28 |
| 52 Week Low | US$13.09 |
| Beta | 3.52 |
| 1 Month Change | 5.75% |
| 3 Month Change | -9.97% |
| 1 Year Change | 20.76% |
| 3 Year Change | -23.35% |
| 5 Year Change | -48.28% |
| Change since IPO | -92.54% |
Recent News & Updates
Civeo Corp: Robust Upside Still On The Table
Civeo Corp has seen its shares rise materially since I last wrote about it earlier this year. This has been on the back of generally positive, though somewhat mixed, performance on its top and bottom lines. Shares still look cheap no matter what angle you look at them from.
Civeo Corp.: Debt Reduction Points To A Robust Bull Run
Mining services in Australia are likely to build on an existing partnership with Japan in the development of future technologies. Civeo had no outstanding letters of credit in Australia into Q3 2021 despite having $0.9 million under the US debt facility and $2.1 million in Canada's loan program. The constant debt reduction since 2019 will increase Civeo's equity value in the long term. CVEO's market cap has surged 131.6%, settling at $352.32 million as of September 3,2021, but declined 46.76% from a high of $722.27 million as of October 5, 2018.
Civeo Corp: Attractive Upside Potential Still Exists
Civeo Corp has seen a nice ride over the past few years. The company continues to create significant cash flow from its operations, though this year is proving to be more of a challenge. On the whole, shares look cheap and investors should be drawn in by the value prospects the firm offers.
Civeo Corporation's (NYSE:CVEO) CEO Compensation Is Looking A Bit Stretched At The Moment
In the past three years, the share price of Civeo Corporation ( NYSE:CVEO ) has struggled to grow and now shareholders...
Shareholder Returns
| CVEO | US Commercial Services | US Market | |
|---|---|---|---|
| 7D | 0.5% | -4.8% | -4.0% |
| 1Y | 20.8% | 11.2% | 6.6% |
Return vs Industry: CVEO exceeded the US Commercial Services industry which returned 12.7% over the past year.
Return vs Market: CVEO exceeded the US Market which returned 7.7% over the past year.
Price Volatility
| CVEO volatility | |
|---|---|
| CVEO Average Weekly Movement | 5.0% |
| Commercial Services Industry Average Movement | 6.0% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CVEO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CVEO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 2,000 | Bradley Dodson | https://civeo.com |
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. 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; and camp management services.
Civeo Fundamentals Summary
| CVEO fundamental statistics | |
|---|---|
| Market Cap | US$290.99m |
| Earnings (TTM) | -US$12.62m |
| Revenue (TTM) | US$568.05m |
0.5x
P/S Ratio-23.1x
P/E RatioIs CVEO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CVEO income statement (TTM) | |
|---|---|
| Revenue | US$568.05m |
| Cost of Revenue | US$417.45m |
| Gross Profit | US$150.60m |
| Expenses | US$163.22m |
| Earnings | -US$12.62m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.89 |
| Gross Margin | 26.51% |
| Net Profit Margin | -2.22% |
| Debt/Equity Ratio | 54.8% |
How did CVEO perform over the long term?
See historical performance and comparisonValuation
Is Civeo 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: CVEO ($20.42) is trading below our estimate of fair value ($89.45)
Significantly Below Fair Value: CVEO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVEO is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.
PE vs Market: CVEO is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CVEO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVEO is good value based on its PB Ratio (1x) compared to the US Commercial Services industry average (2.1x).
Future Growth
How is Civeo forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
111.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVEO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CVEO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CVEO's is expected to become profitable in the next 3 years.
Revenue vs Market: CVEO's revenue (5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: CVEO's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVEO's Return on Equity is forecast to be low in 3 years time (4.3%).
Past Performance
How has Civeo performed over the past 5 years?
8.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVEO is currently unprofitable.
Growing Profit Margin: CVEO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CVEO is unprofitable, but has reduced losses over the past 5 years at a rate of 8.5% per year.
Accelerating Growth: Unable to compare CVEO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CVEO is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (35.3%).
Return on Equity
High ROE: CVEO has a negative Return on Equity (-2.72%), as it is currently unprofitable.
Financial Health
How is Civeo's financial position?
Financial Position Analysis
Short Term Liabilities: CVEO's short term assets ($158.0M) exceed its short term liabilities ($136.9M).
Long Term Liabilities: CVEO's short term assets ($158.0M) do not cover its long term liabilities ($194.3M).
Debt to Equity History and Analysis
Debt Level: CVEO's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: CVEO's debt to equity ratio has reduced from 72.6% to 54.8% over the past 5 years.
Balance Sheet
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.
Stable Cash Runway: Whilst unprofitable CVEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CVEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.2% per year.
Dividend
What is Civeo current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVEO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVEO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVEO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVEO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CVEO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVEO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Bradley Dodson (47 yo)
7.67yrs
Tenure
US$2,970,075
Compensation
Mr. Bradley J. Dodson has been the Chief Executive Officer, President and Director of Civeo Corporation since May 2014. Mr. Dodson served as an Executive Vice President of Accommodations at Oil States Inte...
CEO Compensation Analysis
Compensation vs Market: Bradley's total compensation ($USD2.97M) is above average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Bradley's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CVEO's management team is seasoned and experienced (6.1 years average tenure).
Board Members
Experienced Board: CVEO's board of directors are considered experienced (7.6 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
Civeo Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Civeo Corporation
- Ticker: CVEO
- Exchange: NYSE
- Founded: NaN
- Industry: Diversified Support Services
- Sector: Commercial Services
- Implied Market Cap: US$290.989m
- Shares outstanding: 14.25m
- Website: https://civeo.com
Number of Employees
Location
- Civeo Corporation
- Three Allen Center
- Suite 4980
- Houston
- Texas
- 77002
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:11 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| 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.