(CVEO) Civeo - Overview
Sector: Consumer Cyclical | Industry: Lodging | Exchange: NYSE (USA) | Market Cap: 384m USD | Total Return: 64.1% in 12m
Avg Turnover: 2.49M
Qual. Beats: 1
Rev. Trend: -76.3%
Qual. Beats: 1
Warnings
Interest Coverage Ratio 1.0 is critical
Altman Z'' -10.68 < 1.0 - financial distress zone
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
Civeo Corporation (NYSE: CVEO) provides integrated hospitality and workforce accommodation services primarily for the natural resource sector in Canada and Australia. The company’s business model encompasses the entire lifecycle of remote site management, including facility development, modular construction, and comprehensive site operations such as catering, water treatment, and logistics.
The company operates in a specialized segment of the diversified support services industry where demand is heavily correlated with capital expenditure cycles in the mining and oil and gas sectors. By utilizing mobile and modular assets, Civeo can adjust capacity based on the specific project timelines of its industrial clients.
Investors may find ValueRay useful for analyzing the companys historical valuation trends.
Founded in 1977 and headquartered in Houston, Texas, Civeo serves a client base consisting of major mining, engineering, and oilfield service firms. Its infrastructure supports critical resource extraction projects by providing essential living environments in geographically isolated regions.
- Metallurgical coal demand in Australia drives long-term village occupancy rates
- Oil sands production volumes in Canada dictate lodge occupancy and margins
- Capital expenditure cycles of major mining firms impact contract renewal pricing
- Labor cost inflation and food price volatility affect hospitality service margins
- Decarbonization trends in natural resources pressure long-term infrastructure investment demand
| Net Income: -14.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -9.81 > 1.0 |
| NWC/Revenue: 10.75% < 20% (prev 8.07%; Δ 2.68% < -1%) |
| CFO/TA 0.04 > 3% & CFO 21.0m > Net Income -14.0m |
| Net Debt (223.8m) to EBITDA (86.6m): 2.59 < 3 |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.1m) vs 12m ago -18.22% < -2% |
| Gross Margin: 21.25% > 18% (prev 0.22%; Δ 2.10k% > 0.5%) |
| Asset Turnover: 145.8% > 50% (prev 155.8%; Δ -9.92% > 0%) |
| Interest Coverage Ratio: 0.95 > 6 (EBITDA TTM 86.6m / Interest Expense TTM 13.6m) |
| A: 0.15 (Total Current Assets 152.8m - Total Current Liabilities 81.1m) / Total Assets 491.6m |
| B: -2.19 (Retained Earnings -1.08b / Total Assets 491.6m) |
| C: 0.03 (EBIT TTM 12.9m / Avg Total Assets 457.7m) |
| D: -4.46 (Book Value of Equity -1.47b / Total Liabilities 330.9m) |
| Altman-Z'' = -10.68 = D |
| DSRI: 1.13 (Receivables 107.2m/93.6m, Revenue 667.5m/660.0m) |
| GMI: 1.02 (GM 21.25% / 21.70%) |
| AQI: 0.92 (AQ_t 0.17 / AQ_t-1 0.19) |
| SGI: 1.01 (Revenue 667.5m / 660.0m) |
| TATA: -0.07 (NI -14.0m - CFO 21.0m) / TA 491.6m) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 34.95 with a total of 70,336 shares traded.
Over the past week, the price has changed by +3.80%,
over one month by +11.66%,
over three months by +26.22% and
over the past year by +64.08%.
Civeo has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CVEO.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35.5 | 1.6% |
P/E Forward = 2000.0
P/S = 0.5748
P/B = 2.2874
P/EG = 191.6
Revenue TTM = 667.5m USD
EBIT TTM = 12.9m USD
EBITDA TTM = 86.6m USD
Long Term Debt = 212.3m USD (from longTermDebt, last quarter)
Short Term Debt = 4.47m USD (from shortTermDebt, last fiscal year)
Debt = 240.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 14.0m
Net Debt = 223.8m USD (calculated: Debt 240.4m - CCE 16.5m)
Enterprise Value = 607.5m USD (383.7m + Debt 240.4m - CCE 16.5m)
Interest Coverage Ratio = 0.95 (Ebit TTM 12.9m / Interest Expense TTM 13.6m)
EV/FCF = 305.9x (Enterprise Value 607.5m / FCF TTM 1.99m)
FCF Yield = 0.33% (FCF TTM 1.99m / Enterprise Value 607.5m)
FCF Margin = 0.30% (FCF TTM 1.99m / Revenue TTM 667.5m)
Net Margin = -2.10% (Net Income TTM -14.0m / Revenue TTM 667.5m)
Gross Margin = 21.25% ((Revenue TTM 667.5m - Cost of Revenue TTM 525.7m) / Revenue TTM)
Gross Margin QoQ = 23.26% (prev 22.71%)
Tobins Q-Ratio = 1.24 (Enterprise Value 607.5m / Total Assets 491.6m)
Interest Expense / Debt = 5.64% (Interest Expense 13.6m / Debt 240.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 10.2m (EBIT 12.9m * (1 - 21.00%))
Current Ratio = 1.88 (Total Current Assets 152.8m / Total Current Liabilities 81.1m)
Debt / Equity = 1.50 (Debt 240.4m / totalStockholderEquity, last quarter 160.7m)
Debt / EBITDA = 2.59 (Net Debt 223.8m / EBITDA 86.6m)
Debt / FCF = 112.7 (Net Debt 223.8m / FCF TTM 1.99m)
Total Stockholder Equity = 181.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.07% (Net Income -14.0m / Total Assets 491.6m)
RoE = -1.11% (Net Income TTM -14.0m / Total Stockholder Equity 1.26b)
RoCE = 0.88% (EBIT 12.9m / Capital Employed (Equity 1.26b + L.T.Debt 212.3m))
RoIC = 2.56% (NOPAT 10.2m / Invested Capital 398.5m)
WACC = 7.16% (E(383.7m)/V(624.0m) * Re(8.86%) + D(240.4m)/V(624.0m) * Rd(5.64%) * (1-Tc(0.21)))
Discount Rate = 8.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -12.07%
[DCF] Terminal Value 73.10% ; FCFF base≈18.5m ; Y1≈16.2m ; Y5≈13.1m
[DCF] Fair Price = N/A (negative equity: EV 210.5m - Net Debt 223.8m = -13.4m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.13 | # QB: 1
Revenue Correlation: -76.30 | Revenue CAGR: -3.61% | SUE: 2.10 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.15 | Chg30d=N/A | Revisions=-33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.05 | Chg30d=-63.67% | Revisions=-33% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.67 | Chg30d=+4.31% | Revisions=+33% | GrowthEPS=+58.1% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=0.77 | Chg30d=+18.56% | Revisions=+33% | GrowthEPS=+215.0% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: -33%