Civeo Corp

Earnings Score
Moat Score
Safety Score

Market Cap $323.53M
PE 16
Debt $50.08M
Cash $17.91M
EV $355.70M
FCF $85.13M

Earnings

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Sales & Net Margins

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Earnings	$19.65M
EBIT	$29.43M
ROE	7%
ROA	6%
FCF	$85.13M
Equity	$283.94M
Growth Stability	1
PE	16.46
PEG	0.83
PB	1.14
P/FCF	3.8
P/S	0.46
Price/Cash	0.06
Debt/Equity	0.18
Debt/FCF	0.59
Net Margins	-1%
Op. Margins	4%
Earnings CAGR	1%
Sales Growth YoY	-4%
Sales Growth QoQ	-7%
Sales CAGR	8%
FCF CAGR	7%
Equity CAGR	-9%
Earnings Stability	0.01
Earnings Growth YoY	-157%
Earnings Growth QoQ	-171%
Earnings CAGR 5Y	20%

Sales CAGR 5Y	8%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	-6%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	6%
Equity CAGR 3Y	-8%
Market Cap	$323.53M
Revenue	$701.97M
Dividend Yield	5%
Payout Ratio	75%
Assets	$477.64M
Total Debt	$50.08M
Cash	$17.91M
Shares Outstanding	13.86M
EV	355.7M
Earnings Score	6%
Moat Score	63%
Safety Score	97%
Final Score	55%
Working Capital	38.67M
Current Ratio	1.36
Shares Growth 3y	1%
Equity Growth QoQ	-5%
Equity Growth YoY	-3%

Assets & ROA

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Stockholders Equity & ROE

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Civeo Corp provides long-term and temporary remote site accommodations, logistics, and facility management services, especially to the natural resource industry. It also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications, and personnel logistics at the sites where it provides accommodation. It organizes its business under segments based on the nature of its geographical spread, which includes Canada, where it generates most of its revenues; followed by Australia and the United States.

SEC Filings

Direct access to Civeo Corp (CVEO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Civeo Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Civeo Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 1%

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Civeo Corp Discounted Cash Flow

Fully customizable DCF calculator online for Civeo Corp.

Years

Calculation mode

= $1.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$85M	$91M	$97M	$103M	$110M	$117M	$125M	$133M	$142M	$152M	$162M	$1.6B
DCF		$83M	$80M	$78M	$75M	$73M	$71M	$68M	$66M	$64M	$62M	$623M
Value	$1.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-20%	-25%	-24%	-28%	-28%	-11%	-26%	-0%	-0%	4%	-1%
ROA	-	-14%	-11%	-11%	-9%	-5%	-19%	1%	3%	7%	6%
ROE	-	-23%	-20%	-22%	-25%	-12%	-36%	-0%	-1%	9%	7%

Bad Net Margins (-0.56%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.39	8.79	6.89	11.06	8.82	2.66	2.82	2.42	1.01	0.59
Debt over Equity	0.92	0.74	0.78	0.66	0.77	0.8	0.76	0.57	0.53	0.2	0.18
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (0.59)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.18)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-45%	-23%	-4%	22%	13%	0%	12%	17%	1%	8%
Earnings YoY growth	-	-30%	-27%	10%	25%	-54%	126%	-100%	415%	-1K%	20%
Equity YoY growth	-	-34%	-16%	0%	12%	-8%	-24%	-3%	-16%	6%	-6%
FCF YoY growth	-	210%	-66%	8%	-18%	20%	140%	-32%	-9%	-2%	-3%