NYSE:CVEO

Stock Analysis Report

Executive Summary

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Civeo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CVEO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.2%

CVEO

-0.5%

US Commercial Services

0.8%

US Market


1 Year Return

-50.4%

CVEO

16.4%

US Commercial Services

11.0%

US Market

Return vs Industry: CVEO underperformed the US Commercial Services industry which returned 16.4% over the past year.

Return vs Market: CVEO underperformed the US Market which returned 11% over the past year.


Shareholder returns

CVEOIndustryMarket
7 Day-5.2%-0.5%0.8%
30 Day-10.5%0.8%4.3%
90 Day-30.5%3.0%6.1%
1 Year-50.4%-50.4%20.7%16.4%13.4%11.0%
3 Year-45.1%-45.1%63.6%53.0%49.9%40.2%
5 Year-90.6%-90.6%97.2%77.2%63.1%45.0%

Price Volatility Vs. Market

How volatile is Civeo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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 ($0.97) is trading below our estimate of fair value ($4.16)

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 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 (0.4x) compared to the US Commercial Services industry average (2x).


Next Steps

Future Growth

How is Civeo forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

35.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVEO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CVEO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CVEO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CVEO's revenue (11.5% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: CVEO's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CVEO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Civeo performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVEO has high quality earnings.

Growing Profit Margin: CVEO's current net profit margins (-8.5%) are higher than last year (-36.5%).


Past Earnings Growth Analysis

Earnings Trend: CVEO is unprofitable, but has reduced losses over the past 5 years at a rate of 10% 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 (-0.4%).


Return on Equity

High ROE: CVEO has a negative Return on Equity (-7.93%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Civeo's financial position?


Financial Position Analysis

Short Term Liabilities: CVEO's short term assets ($144.2M) exceeds its short term liabilities ($103.4M)

Long Term Liabilities: CVEO's short term assets (144.2M) do not cover its long term liabilities (401.9M)


Debt to Equity History and Analysis

Debt Level: CVEO's debt to equity ratio (77.4%) is considered high

Reducing Debt: CVEO's debt to equity ratio has increased from 63.5% to 77.4% over the past 5 years.


Balance Sheet

Inventory Level: CVEO has a high level of physical assets or inventory.

Debt Coverage by Assets: CVEO's debt is not covered by short term assets (assets are 0.4x debt).


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, even with free cash flow being positive and shrinking by -9.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CVEO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CVEO's dividend yield against the top 25% of dividend payers, as the company has not reported any 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

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

5.4yrs

Average management tenure


CEO

Bradley Dodson (45yo)

5.5yrs

Tenure

US$3,433,865

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 ($USD3.43M) is above average for companies of similar size in the US market ($USD1.13M).

Compensation vs Earnings: Bradley's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.4yrs

Average Tenure

52yo

Average Age

Experienced Management: CVEO's management team is seasoned and experienced (5.4 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

63yo

Average Age

Experienced Board: CVEO's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: CVEO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$56,00029 Aug 19
Peter McCann
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Australia
Shares40,000
Max PriceUS$1.40

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.1%.


Management Team

  • Bradley Dodson (45yo)

    CEO, President & Director

    • Tenure: 5.5yrs
    • Compensation: US$3.43m
  • Al Schoening (60yo)

    Senior Vice President of Canada

    • Tenure: 2.4yrs
    • Compensation: US$1.09m
  • Carolyn Stone (47yo)

    Chief Accounting Officer

    • Tenure: 0.4yrs
  • Peter McCann (52yo)

    Senior Vice President of Australia

    • Tenure: 5.4yrs
    • Compensation: US$1.03m
  • Frank Steininger (61yo)

    Executive VP

    • Tenure: 5.5yrs
    • Compensation: US$2.31m
  • Collin Gerry

    Vice President of Corporate Development

    • Tenure: 0yrs
  • Regan Nielsen

    Director of Corporate Development & Investor Relations

    • Tenure: 0yrs

Board Members

  • Bradley Dodson (45yo)

    CEO, President & Director

    • Tenure: 5.5yrs
    • Compensation: US$3.43m
  • Ron Blankenship (69yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$254.00k
  • Connie Moore (63yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$253.50k
  • Rick Navarre (58yo)

    Independent Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: US$293.00k
  • Martin Lambert (63yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$232.00k
  • Charles Szalkowski (70yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$243.00k
  • Tim Wall (57yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$221.00k

Company Information

Civeo Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Civeo Corporation
  • Ticker: CVEO
  • Exchange: NYSE
  • Founded:
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: US$163.886m
  • Shares outstanding: 169.55m
  • Website: https://civeo.com

Number of Employees


Location

  • Civeo Corporation
  • Three Allen Center
  • Suite 4980
  • Houston
  • Texas
  • 77002
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVEONYSE (New York Stock Exchange)YesNew Common StockUSUSDMay 2014
44CDB (Deutsche Boerse AG)YesNew Common StockDEEURMay 2014

Biography

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 accommoda ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 00:58
End of Day Share Price2019/11/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.