Civeo
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The last earnings update was 19 days ago. More info.
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- Civeo has significant price volatility in the past 3 months.
CVEO Share Price and Events
7 Day Returns
1 Year Returns
CVEO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Civeo (CVEO) | 6.6% | -32.1% | -42.3% | 13.6% | 14.7% | - |
| US Commercial Services | -0.8% | 0.8% | -4.8% | 14.3% | 80.2% | 113.6% |
| US Market | -3.4% | -0.6% | -4.3% | 10% | 55.8% | 96.7% |
1 Year Return vs Industry and Market
- CVEO outperformed the Market in United States of America which returned 10% over the past year.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Civeo.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 3% |
| Equity Risk Premium | S&P Global | 7.1% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.67 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.67 (1 + (1- 21%) (110.72%)) |
1.257 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.257 * 7.05%) |
11.81% |
Discounted Cash Flow Calculation for NYSE:CVEO 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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 37.32 | 30.23 | 24.79 | 20.57 | 17.28 |
| Source | Est @ -20%, capped from -25.24% | Est @ -19%, capped from -25.24% | Est @ -18%, capped from -25.24% | Est @ -17%, capped from -25.24% | Est @ -16%, capped from -25.24% |
|
Present Value Discounted (@ 11.81%) |
33.38 | 24.18 | 17.73 | 13.16 | 9.89 |
| Present value of next 5 years cash flows | $98.34 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $17.28 × (1 + 2.95%) ÷ (11.81% – 2.95%) |
$200.79 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $200.79 ÷ (1 + 11.81%)5 |
$114.90 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $98.34 + $114.90 |
$213.24 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $213.24 / 167.97 |
$1.27 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $1.27 |
| Current discount | Discount to share price of
$2.26
= -1 x ($2.26 - $1.27) / $1.27 |
-78% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Civeo is above its future cash flow value.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $-1.11 |
| NYSE:CVEO Share Price ** | NYSE (2018-11-16) in USD | $2.26 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 53 Publicly-Listed Commercial Services Companies | 20.43x |
| United States of America Market PE Ratio | Median Figure of 2,977 Publicly-Listed Companies | 17.93x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Civeo.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CVEO Share Price ÷ EPS (both in USD) = 2.26 ÷ -1.11 |
-2.03x |
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 US Commercial Services industry average.
- Civeo is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Civeo's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -2.03x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
75.5%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 39 Publicly-Listed Commercial Services Companies | 1.34x |
| United States of America Market PEG Ratio | Median Figure of 2,096 Publicly-Listed Companies | 1.24x |
*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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $3.02 |
| NYSE:CVEO Share Price * | NYSE (2018-11-16) in USD | $2.26 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 85 Publicly-Listed Commercial Services Companies | 2.22x |
| United States of America Market PB Ratio | Median Figure of 4,980 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CVEO Share Price ÷ Book Value per Share (both in USD) = 2.26 ÷ 3.02 |
0.75x |
* 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 US Commercial Services industry average.
Value checks
We assess Civeo's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Civeo has a total score of 1/6, 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.
Future Performance
How is Civeo expected to perform in the next 1 to 3 years based on estimates from 2 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!
Earnings growth vs Low Risk Savings
- Unable to compare Civeo's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
- Unable to compare Civeo's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
- Civeo's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CVEO Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 75.5% |
| NYSE:CVEO Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 14.8% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 15.3% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 641 | 1 | ||
| 2019-12-31 | 518 | -50 | 2 | |
| 2018-12-31 | 469 | -87 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 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 |
| 2015-12-31 | 518 | 186 | -132 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Civeo Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | ||||
| 2019-12-31 | -0.30 | -0.30 | -0.30 | 1.00 |
| 2018-12-31 | -0.55 | -0.55 | -0.55 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 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 |
| 2015-12-31 | -1.24 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Civeo's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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.
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
Past Earnings growth analysis
- 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 US Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
All data from Civeo Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 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 | |
| 2011-12-31 | 864.70 | 168.51 | 54.37 |
*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 US 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.
Past performance checks
We assess Civeo's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Civeo Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 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 |
| 2011-12-31 | 1,123.10 | 491.45 | 32.07 |
- Civeo's level of debt (74.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (22.4% vs 74.6% 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 34.6% per year.
Financial health checks
We assess Civeo's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Civeo has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
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
If you bought
$2,000 of
Civeo
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 1.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1977 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 | ||
| 2018-12-31 |
| 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.
Income/ dividend checks
We assess Civeo's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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.
Management
CEO
| COMPENSATION | $3,046,533 |
| AGE | 44 |
| TENURE AS CEO | 4.5 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 United States of America.
Management Team Tenure
Average tenure and age of the Civeo management team in years:
- The tenure for the Civeo management team is about average.
Management Team
Bradley Dodson
CEO, President & Director
$3M
44
4.5 yrs
Frank Steininger
Executive VP
$2M
60
4.5 yrs
Peter McCann
Senior Vice President of Australia
$1M
51
4.4 yrs
Al Schoening
Senior Vice President of Corporate Affairs
$946K
59
1.4 yrs
Collin Gerry
Vice President of Corporate Development
Carolyn Stone
VP, Controller & Corporate Secretary
46
4.5 yrs
Regan Nielsen
Manager of Corporate Development & IR
Board of Directors Tenure
Average tenure and age of the Civeo board of directors in years:
- The tenure for the Civeo board of directors is about average.
Board of Directors
Rick Navarre
Chairman of the Board
$280K
57
1.5 yrs
Bradley Dodson
CEO, President & Director
$3M
44
4.5 yrs
Charles Szalkowski
Independent Director
$241K
69
4.4 yrs
Martin Lambert
Independent Director
$244K
62
4.5 yrs
Connie Moore
Independent Director
$245K
62
4.4 yrs
Ron Blankenship
Independent Director
$256K
68
4.3 yrs
Tim Wall
Independent Director
$200K
56
1.7 yrs
Ronald Gilbertson
Director
66
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. Feb 18 | Sell | Peter McCann | Individual | 27. Feb 18 | 27. Feb 18 | -30,000 | $3.68 | $-110,400 | ||
Management checks
We assess Civeo's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
News
External News
Simply Wall St News
Does Civeo Corporation's (NYSE:CVEO) CEO Salary Compare Well With Others?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Civeo Corporation has a market capitalization of US$526m, and pays its CEO total annual compensation worth US$3m. … Thus we can conclude that Bradley Dodson receives more in total compensation than the median of a group of companies in the same market, and of similar size to Civeo Corporation
Simply Wall St - – Full articleIs Civeo Corporation's (NYSE:CVEO) Balance Sheet Strong Enough To Weather A Storm?
Investors are always looking for growth in small-cap stocks like Civeo Corporation (NYSE:CVEO), with a market cap of US$700.99m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.
Simply Wall St - – Full articleWhat Is Civeo Corporation's (NYSE:CVEO) Share Price Doing?
As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Let’s examine Civeo’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleInterested In Civeo Corporation (NYSE:CVEO)? Here's How It Performed Recently
Examining Civeo Corporation's (NYSE:CVEO) past track record of performance is a useful exercise for investors. … Below, I will assess CVEO's latest performance announced on 31 March 2018 and weight these figures against its longer term trend and industry movements. … Was CVEO weak performance lately part of a long-term decline.
Simply Wall St - – Full articleCiveo Corporation (NYSE:CVEO) Investors Are Paying Above The Intrinsic Value
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Civeo Corporation (NYSE:CVEO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $28.80 $55.80 $45.76 $37.98 $31.90 Source Analyst x1 Analyst x1 Extrapolated @ (-18%, capped from -28.78%) Extrapolated @ (-17%, capped from -28.78%) Extrapolated @ (-16%, capped from -28.78%) Present Value Discounted @ 9.5% $26.30 $46.54 $34.85 $26.42 $20.26 Present Value of 5-year Cash Flow (PVCF)= $154 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $32 × (1 + 2.5%) ÷ (9.5% – 2.5%) = $465 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $465 / ( 1 + 9.5%)5 = $295 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $450.
Simply Wall St - – Full articleShould You Buy Civeo Corporation (NYSE:CVEO) At $3.27?
This means that the opportunity to buy Civeo at a good price has disappeared! … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … CVEO’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.
Simply Wall St - – Full articleWhat Investors Should Know About Civeo Corporation's (NYSE:CVEO) Financial Strength
How does CVEO’s operating cash flow stack up against its debt? … On top of this, CVEO has generated cash from operations of US$56.83M in the last twelve months, resulting in an operating cash to total debt ratio of 19.29%, signalling that CVEO’s operating cash is not sufficient to cover its debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: CVEO’s debt and cash flow levels indicate room for improvement.
Simply Wall St - – Full articleHow Do Analysts See Civeo Corporation (NYSE:CVEO) Performing In The Years Ahead?
The most recent earnings announcement Civeo Corporation's (NYSE:CVEO) released in December 2017 confirmed that losses became smaller relative to the prrior year's level - great news for investors Below is a brief commentary on my key takeaways on how market analysts predict Civeo's earnings growth trajectory over the next few years and whether the future looks brighter. … View our latest analysis for Civeo Market analysts' consensus outlook for this coming year seems optimistic, with earnings becoming less negative, generating -US$55.87M in 2019. … To compute this rate, I put a line of best fit through the forecasted earnings by market analysts.
Simply Wall St - – Full articleWill Civeo Corporation's (NYSE:CVEO) Earnings Grow In The Year Ahead?
Looking at Civeo Corporation's (NYSE:CVEO) earnings update in December 2017, it seems that analyst forecasts are fairly optimistic, as a 44.51% increase in profits is expected in the upcoming year, compared with the past 5-year average growth rate of -42.09%. … To understand the overall trajectory of CVEO's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … NYSE:CVEO Future Profit Mar 2nd 18 This results in an annual growth rate of 48.00% based on the most recent earnings level of -US$105.71M to the final forecast of -US$188.17M by 2021.
Simply Wall St - – Full articleHas Civeo Corporation (NYSE:CVEO) Improved Earnings Growth In Recent Times?
Today I will take you through a basic sense check to gain perspective on how Civeo is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for Civeo How Did CVEO's Recent Performance Stack Up Against Its Past? … To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.
Simply Wall St - – Full articleCompany Info
Map
Description
Civeo Corporation offers workforce accommodation, logistics, and facility management services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; open camps; and mobile camps, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers catering and food, housekeeping, recreation facility, laundry and facility management, water and wastewater treatment, power generation, communications, and personnel logistics services, as well as camp management services, including fresh water and sewage hauling services. The company operates 19 lodges and villages with approximately 24,000 rooms; 7 open camp properties; and a fleet of mobile accommodation assets. It serves oil and natural gas, mining, and oilfield and mining service companies. The company is headquartered in Houston, Texas.
Details
| Name: | Civeo Corporation |
| CVEO | |
| Exchange: | NYSE |
| Founded: | |
| $379,613,626 | |
| 167,970,631 | |
| Website: | http://www.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
Industry
| Diversified Support Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2018/11/19 02:47 |
| End of day share price update: | 2018/11/16 00:00 |
| Last estimates confirmation: | 2018/11/01 |
| Last earnings filing: | 2018/10/31 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
