Civeo Corporation (Canada) Common Shares (CVEO) Company Bio
Civeo Corporation provides remote site accommodation, logistics, and facility management services to the natural resource industry in Australia, Canada, and the United States. The company develops lodges and villages, open camps, and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also provides catering and food services, housekeeping, laundry, water and wastewater treatment, power generation, communications, and personnel logistics services, as well as sewage hauling services. The company is based in Houston, Texas.
CVEO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CVEO, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Civeo Corp ranked in the 74th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Civeo Corp, consider:
33% of the company's capital comes from equity, which is greater than merely 15.02% of stocks in our cash flow based forecasting set.
Civeo Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -6.59. This coverage rate is greater than that of merely 10.33% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 15. This value is greater than 93.51% stocks in the Industrials sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AEGN, HDS, NWPX, B, and RGR can be thought of as valuation peers to CVEO, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Thank you, and welcome to Civeo's second-quarter 2020 earnings conference call. Today, our call will be led by Bradley Dodson, Civeo's president and chief executive officer; and Carolyn Stone, Civeo's senior vice president, chief financial officer, and treasurer.
Shares of Civeo (NYSE:CVEO) moved higher by 21% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 100.00% year over year to ($0.00), which beat the estimate of ($0.10).Revenue of $114,702,000 decreased by 6.10% from the same period last year, which beat the estimate of $89,200,000.Outlook The upcoming fiscal year's revenue expected to be between $476,000,000 and $486,000,000.How To Listen To The Conference Call Date: Jul 29, 2020Time: 11:00 AMView more earnings on CVEOET Webcast URL: https://edge.media-server.com/mmc/p/c4kqoduiTechnicals Company's 52-week high was at $1.71Company's 52-week low was at $0.34Price action over last quarter: Up 16.11%Company Description Civeo Corp provides long-term and temporary remote site ...