Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh (CVL) AI Stock Analysis

• Market Cap: AU$886.75M
• Dividend Yield: 4.17%
• Average Volume (3M): 266.43K
• Price to Earnings (P/E): 23.6
• Beta (1Y): 0.46
• Revenue Growth: -21.57%
• EPS Growth: -34.09%
• Country: AU
• Employees: 1,100
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.04
• Shares Outstanding: 509,625,000
• 10 Day Avg. Volume: 219,249
• 30 Day Avg. Volume: 266,434
• PEG Ratio: -0.37
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 0.70
• P/FCF Ratio: 10.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.80
• Price Target Upside: 3.45% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.09
• Revenue Forecast (FY): AU$861.73M

• Rating: 69 Neutral
• Price Target: AU$1.50 ▼(-13.79% Downside)
• Action: Downgraded Date: 01/06/26
• Date: Action: Downgraded 01/06/26

The score is driven primarily by solid financial performance (strong growth, healthy profitability, and low leverage), partially offset by operational efficiency/cash-conversion concerns. Technicals show a strong uptrend but are overextended (very high RSI/Stoch), while valuation is moderate with supportive dividend yield.

Positive Factors

Low leverage / strong balance sheet

A low debt-to-equity ratio (0.23) gives Civmec structural financial flexibility for multi-year, capital-intensive contracts common in heavy engineering. It lowers refinancing risk, supports bonding and surety needs for large projects, and preserves capacity to fund capex or absorb project delays without stressing liquidity.

Strong recent revenue growth and margins

A >50% year growth and sustained gross/net margins point to effective project execution and pricing power in resources and infrastructure markets. Durable revenue expansion and margin maintenance indicate improved scale, backlog conversion, and competitive positioning across fabrication, modularisation and EPC work.

Improved free cash flow generation

Rising free cash flow supports reinvestment, dividend capacity and working capital needs inherent in project work. Strong FCF relative to net income enhances long-term sustainability of operations, funds bid bonds and growth capex, and provides a cushion for timing differences in milestone payments.

Negative Factors

Declining return on equity

A falling ROE indicates the company is generating lower returns from shareholder capital, which can reflect margin pressure, less efficient capital allocation or slower asset turns. Over months this can limit ability to deliver superior shareholder returns unless operational efficiency or capital deployment improves.

Eroding EBIT/EBITDA margins

Gradually weakening operating margins signal rising cost of labour, materials, or competitive bidding on lump-sum projects. In engineering and construction, sustained margin erosion reduces project buffer for overruns, compresses free cash flow and makes long-term profitability more sensitive to bid accuracy and cost control.

Weak operating cash conversion

Low conversion of accounting profits into operating cash highlights timing/working-capital strains common in project businesses. Over the medium term this can pressure liquidity during large projects, increase reliance on external financing for bid bonds or mobilization, and reduce resilience to contract timing shocks.

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh Business Overview & Revenue Model

Company Description

Civmec Limited, an investment holding company, provides construction and engineering services to the energy, resources, infrastructure, and marine and defense sectors in Australia. It undertakes fabrication projects, such as structural steel, plate works, tanks, vessels, materials handling equipment, subsea and offshore structures, and pipe spooling services. The company also offers modularization services; shipbuilding services; site civil works, including earthworks, reinforcing steel works, formworks, detailed civil works, concrete placement, and backfill and compaction to final handover services; and reinforced concrete products comprising prestressed beams, parapets, structural foundations, caissons, floor slabs and retaining walls, suspended slab sections, purpose-built facilities, and breakwater systems. In addition, it undertakes structural, mechanical, and piping works consisting of structural assembly and erection, mechanical installations and alignments, piping installation and pre-commissioning support, site welding, equipment, and tank construction; and provides electrical, instrumentation, and control services, such as electrical infrastructure works, including substations, switch rooms, switchyards, and site reticulation, as well as electrical maintenance services. Further, the company offers industrial insulation services, including sheet metal and light gauge fabrication, fireproofing, site installation, and processing and forming technology; onshore and offshore maintenance services; and access solutions, such as surface treatment, scaffolds, fabricated platforms, rope access, and tension netting, as well as executes refractory projects. Civmec Limited was founded in 2009 and is headquartered in Henderson, Australia.

How the Company Makes Money

Civmec generates revenue primarily through contracts for engineering, procurement, and construction projects in the infrastructure, oil and gas, and mining sectors. The company's revenue model is heavily reliant on securing large-scale project contracts, which can include fixed-price agreements or cost-plus contracts where Civmec is reimbursed for its costs plus a fixed fee. Key revenue streams include project management services, fabrication and assembly of components, and long-term maintenance contracts. Partnerships with government agencies and private sector clients in major infrastructure projects also contribute significantly to its earnings, alongside ongoing maintenance contracts that provide consistent revenue over time.

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh Financial Statement Overview

Summary

Strong revenue growth and healthy gross/net margins support profitability. Balance sheet leverage is low (debt-to-equity 0.23) and capital structure is solid, but declining ROE, slightly weaker EBIT/EBITDA margins, and a low operating cash flow to net income ratio temper the score.

Income Statement

Civmec Singapore Limited has demonstrated strong revenue growth, particularly in the most recent year with a 57.26% increase. The company maintains healthy gross and net profit margins, indicating efficient cost management and profitability. However, there is a slight decline in EBIT and EBITDA margins over the years, which could suggest increasing operational costs or competitive pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.23, indicating low leverage. The return on equity has decreased from previous years, which may suggest a need for more efficient use of equity. The equity ratio is strong, showing a solid capital structure.

Cash Flow

Cash flow analysis reveals significant growth in free cash flow, particularly in the latest year, which is a positive sign for liquidity. However, the operating cash flow to net income ratio is relatively low, indicating potential challenges in converting income into cash. The free cash flow to net income ratio is strong, suggesting good cash generation relative to earnings.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	810.59M	1.03B	832.64M	810.55M	672.86M
Gross Profit	92.94M	119.03M	109.40M	90.98M	74.89M
EBITDA	82.81M	111.97M	103.20M	87.57M	68.44M
Net Income	42.54M	64.34M	57.78M	50.84M	34.70M
Balance Sheet
Total Assets	911.90M	910.32M	776.19M	726.78M	635.69M
Cash, Cash Equivalents and Short-Term Investments	102.94M	88.46M	70.53M	40.90M	48.08M
Total Debt	120.51M	121.30M	114.08M	130.12M	114.53M
Total Liabilities	381.39M	422.10M	354.68M	355.10M	344.39M
Stockholders Equity	530.77M	488.48M	421.77M	371.97M	291.55M
Cash Flow
Free Cash Flow	56.10M	46.14M	75.52M	-5.14M	36.57M
Operating Cash Flow	60.91M	71.35M	95.44M	1.78M	58.15M
Investing Cash Flow	-4.74M	-25.10M	-19.41M	-6.53M	-20.36M
Financing Cash Flow	-41.69M	-28.18M	-46.43M	-2.59M	-17.37M

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CVL, the sentiment is Positive. The current price of 1.74 is above the 20-day moving average (MA) of 1.64, above the 50-day MA of 1.61, and above the 200-day MA of 1.33, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 65.82 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CVL.

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNP	76 Outperform	AU$1.45B	30.81	25.18%	0.57%	36.30%	82.20%
DUR	74 Outperform	AU$562.11M	23.83	34.21%	2.25%	3.10%	5.08%
CVL	69 Neutral	AU$886.75M	23.61	8.35%	4.17%	-21.57%	-34.09%
LYL	67 Neutral	AU$554.30M	15.56	29.67%	2.51%	-3.08%	-16.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GNG	63 Neutral	AU$735.19M	24.50	50.61%	5.24%	12.96%	8.19%

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh Corporate Events

Civmec Wins Over A$400m in New Contracts as Resources Workload Ramps Up

Civmec Limited has secured more than A$400 million in new contracts and extensions to be delivered across the second half of FY26 and FY27, strengthening its order book and supporting its strategy of early-contractor involvement, sustainable growth and diversification. Key wins include a major civils package for BHP’s Port Debottlenecking Project 2 at Port Hedland—covering concrete and earthworks for a new sixth car dumper and associated infrastructure—and a contract with Fortescue for charger facilities and pit power infrastructure at the Eliwana and Flying Fish mine sites, underpinning Fortescue’s electrification and decarbonisation efforts. In parallel, Civmec is expanding its maintenance services footprint in Port Hedland and Gladstone, reflecting rising demand for integrated maintenance solutions and further entrenching its role as a key contractor in Australia’s major resource regions.

The most recent analyst rating on (AU:CVL) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh stock, see the AU:CVL Stock Forecast page.