CIVMEC LIMITED (CVL)
Share Price Analysis and Chart

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CVL - CIVMEC LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.1
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.17

25 Jul
2024

-0.010

OPEN

$1.18

-0.85%

HIGH

$1.20

173,050

LOW

$1.17

TARGET
$1.40 19.7% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CVL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 11.4 12.0 xxx
DPS (cps) xxx 5.0 6.0 xxx
EPS Growth xxx 13.0% 5.1% xxx
DPS Growth xxx 66.7% 20.0% xxx
PE Ratio xxx N/A 10.3 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 43.8% 50.0% xxx

Dividend yield today if purchased 3 years ago: 6.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.07

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/11 - ex-div 0.63c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx11.4
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx830.9 M
Book Value Per Share xxxxxxxxxxxxxxx83.3
Net Operating Cash Flow xxxxxxxxxxxxxxx95.2 M
Net Profit Margin xxxxxxxxxxxxxxx6.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.55 %
Return on Invested Capital xxxxxxxxxxxxxxx11.78 %
Return on Assets xxxxxxxxxxxxxxx7.69 %
Return on Equity xxxxxxxxxxxxxxx14.55 %
Return on Total Capital xxxxxxxxxxxxxxx16.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx55.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx18 M
Long Term Debt xxxxxxxxxxxxxxx96 M
Total Debt xxxxxxxxxxxxxxx114 M
Goodwill - Gross xxxxxxxxxxxxxxx0 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx70 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx19.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx722 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

25/07/2024

1

Initiation of coverage with Add

$1.40

19.66%

Morgans initiates coverage of founder-led engineering company Civmec with an Add rating and $1.40 target price.

The broker appreciates the company's market leading margins, high return on equity, strong balance, best-in-class facilities and strong cash flow conversion of greater than 100%.

The company closed June 30 with net cash of $30m.

The broker observes the company boasts many options for growth in: maintenance; iron ore; and defence.

Judging from its key competitor Monadelphous's performance during when the last iron ore and energy capital expenditure cycle ended in 2015, the broker expects Civmec's business should expand through FY25 after completion of its Port Hedlance facility and Gladstone workshop.

The company is in the process of re-domiciling its listing to Australia, which Morgans expects should improve liquidity (although the founder owns 40%).

All up, the current valuation is too cheap, says Morgans.

FORECAST
Morgans forecasts a full year FY24 dividend of 6.00 cents and EPS of 12.00 cents.
Morgans forecasts a full year FY25 dividend of 6.00 cents and EPS of 13.00 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Stockbroker Research History >

CVL STOCK CHART

FNArena News on CVL

1
Better Times Ahead For Contractors

Sep 10 2021 - Australia
2
Australian Broker Call *Extra* Edition – Mar 31, 2021

Mar 31 2021 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jan 25, 2021

Jan 25 2021 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jul 23, 2020

Jul 23 2020 - Daily Market Reports
5
The Wrap: Construction Activity, Online Shopping And Childcare

Jun 12 2020 - Weekly Reports

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