Market Cap
US$74.8m
Last Updated
2020/03/31 02:49 UTC
Data Sources
Company Financials +
Executive Summary
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet and fair value.
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
6.9%
CVEO
5.2%
US Commercial Services
7.2%
US Market
1 Year Return
-78.1%
CVEO
-15.4%
US Commercial Services
-10.4%
US Market
Return vs Industry: CVEO underperformed the US Commercial Services industry which returned -16.5% over the past year.
Return vs Market: CVEO underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| CVEO | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.9% | 5.2% | 7.2% |
| 30 Day | -62.3% | -19.9% | -12.6% |
| 90 Day | -65.8% | -23.5% | -19.4% |
| 1 Year | -78.1%-78.1% | -12.4%-15.4% | -8.5%-10.4% |
| 3 Year | -84.9%-84.9% | 17.4%9.8% | 15.8%8.3% |
| 5 Year | -86.3%-86.3% | 42.1%27.0% | 35.8%21.0% |
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
3 days ago | Simply Wall St
Should You Worry About Civeo Corporation's (NYSE:CVEO) CEO Salary Level?3 weeks ago | Simply Wall St
Bradley Dodson Is The CEO, President & Director of Civeo Corporation (NYSE:CVEO) And They Just Spent US$108k On Shares1 month ago | Simply Wall St
Civeo Corporation Just Reported, And Analysts Assigned A US$3.25 Price TargetValuation
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 ($0.41) is trading below our estimate of fair value ($11.49)
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 (0.2x) compared to the US Commercial Services industry average (1.3x).
Next Steps
Future Growth
How is Civeo forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
36.6%
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 (6.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CVEO's revenue (6.5% 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?
23.4%
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 23.4% 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 (2.5%).
Return on Equity
High ROE: CVEO has a negative Return on Equity (-11.89%), as it is currently unprofitable.
Next Steps
Financial Health
How is Civeo's financial position?
Financial Position Analysis
Short Term Liabilities: CVEO's short term assets ($131.4M) exceed its short term liabilities ($110.0M).
Long Term Liabilities: CVEO's short term assets ($131.4M) do not cover its long term liabilities ($369.1M).
Debt to Equity History and Analysis
Debt Level: CVEO's debt to equity ratio (72.7%) is considered high.
Reducing Debt: CVEO's debt to equity ratio has reduced from 90.2% to 72.7% 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 -14.6% per year.
Next Steps
Dividend
What is Civeo's current dividend yield, its reliability and sustainability?
113.46%
Forecast Dividend Yield
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 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
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Bradley Dodson (45yo)
5.83s
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 ($USD605.16K).
Compensation vs Earnings: Bradley's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.83yrs | US$3.43m | 1.06% $790.5k | |
| Executive Vice President of Strategic Initiatives | 0.25yr | US$2.31m | 0.62% $462.9k | |
| Senior Vice President of Australia | 5.67yrs | US$1.03m | 0.24% $181.6k | |
| Senior Vice President of Canada | 2.67yrs | US$1.09m | 0.19% $142.5k | |
| Senior VP | 0.25yr | no data | 0.18% $134.2k | |
| Director of Corporate Development & Investor Relations | no data | no data | no data | |
| Vice President of Corporate Development | no data | no data | no data |
2.7yrs
Average Tenure
52yo
Average Age
Experienced Management: CVEO's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.83yrs | US$3.43m | 1.06% $790.5k | |
| Independent Director | 5.67yrs | US$254.00k | 0.15% $112.6k | |
| Independent Director | 5.67yrs | US$253.50k | 0.16% $117.6k | |
| Independent Chairman of the Board | 2.83yrs | US$293.00k | 0.18% $133.6k | |
| Independent Director | 5.83yrs | US$232.00k | 0.36% $272.0k | |
| Independent Director | 5.67yrs | US$243.00k | 0.11% $79.9k | |
| Independent Director | 3yrs | US$221.00k | 0.050% $37.6k |
5.7yrs
Average Tenure
63yo
Average Age
Experienced Board: CVEO's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CVEO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Top Shareholders
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$74.770m
- Shares outstanding: 169.66m
- Website: https://civeo.com
Number of Employees
Location
- Civeo Corporation
- Three Allen Center
- Suite 4980
- Houston
- Texas
- 77002
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CVEO | NYSE (New York Stock Exchange) | Yes | New Common Stock | US | USD | May 2014 |
| 44C | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | May 2014 |
Biography
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; recreation facilities; and camp management services, including fresh water and sewage hauling services. In addition, the company provides site selection, permitting, engineering and designing, manufacturing management, and site construction services, as well as catering and managed services. It owns and operates 28 lodges and villages with approximately 30,000 rooms and a fleet of mobile accommodation assets. The company serves oil, mining, engineering, and oilfield and mining service companies. The company is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 02:49 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.