Civeo (CVEO) AI Stock Analysis

• Market Cap: $296.47M
• Dividend Yield: 4.22%
• Average Volume (3M): 74.36K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.14
• Revenue Growth: -10.60%
• EPS Growth: -201.64%
• Country: US
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Specialty Business Services
• EPS (TTM): -0.25
• Shares Outstanding: 12,551,769
• 10 Day Avg. Volume: 74,798
• 30 Day Avg. Volume: 74,361
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.58
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 3.96
• Enterprise Value/Ebitda: 8.38
• 1Y Price Target: $25.25
• Price Target Upside: 6.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 52 Neutral
• Price Target: $23.50 ▼(-0.84% Downside)

Civeo's overall stock score reflects a company facing financial challenges, particularly in profitability and leverage, but with operational strengths in cash flow and strategic growth in Australia. Technical indicators are neutral, and valuation is mixed with a negative P/E but a solid dividend yield. The earnings call provided a balanced view with strong Australian performance offset by Canadian difficulties.

Civeo Business Overview & Revenue Model

Company Description

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services; and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as catering and managed services. It owns and operates 27 lodges and villages with approximately 28,000 rooms; and a fleet of mobile accommodation assets. The company serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation is headquartered in Houston, Texas.

How the Company Makes Money

Civeo generates revenue primarily through the provision of accommodation and related services to clients in the resource sector. Its revenue model consists of long-term contracts and service agreements with major companies in the oil and gas and mining industries, which provide a steady income stream. Key revenue streams include room rentals, catering services, and facility management fees. Additionally, Civeo benefits from economies of scale and operational efficiencies, allowing it to maintain competitive pricing. Strategic partnerships with industry players and engagement in large-scale projects also contribute significantly to its earnings, particularly during periods of increased demand for workforce accommodations.

Civeo Financial Statement Overview

Summary

Civeo's financials indicate moderate health with challenges. Revenue decline and profitability issues are concerning, but operational efficiency is evident in the EBITDA margin. The balance sheet shows increased leverage, posing potential risks. Cash flow remains a relative strength, with positive free cash flow and strong cash conversion despite declining growth.

Income Statement

The income statement shows mixed results. There has been a decline in total revenue from $682M to $634M (TTM), indicating a negative revenue growth trend. The company has been struggling with profitability, as seen in the negative EBIT and net income in the TTM period. However, the EBITDA margin remains positive, suggesting some operational efficiency. Past annual data shows fluctuating net income, with only occasional profitability.

Balance Sheet

The balance sheet reflects moderate financial health. The debt-to-equity ratio has increased significantly in the TTM period, indicating higher leverage. Stockholders' equity has decreased, and the equity ratio stands at about 41%, which is reasonable but declining. The company's assets have decreased, raising concerns about asset management. However, the presence of cash and short-term investments provides some liquidity cushion.

Cash Flow

The cash flow statement indicates stable operational cash flow, although it has decreased from the previous periods. Free cash flow is positive, but the growth rate has slowed down significantly. The operating cash flow to net income ratio is high, showing strong cash conversion despite net losses, but the free cash flow growth rate has decreased, highlighting potential challenges in maintaining cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	634.03M	682.12M	700.80M	697.05M	594.46M	529.73M
Gross Profit	118.67M	149.46M	170.52M	179.99M	158.00M	147.64M
EBITDA	55.98M	70.07M	128.68M	109.95M	97.09M	-30.18M
Net Income	-33.32M	-17.07M	30.16M	4.00M	1.35M	-134.25M
Balance Sheet
Total Assets	508.84M	405.07M	548.06M	566.18M	672.73M	740.85M
Cash, Cash Equivalents and Short-Term Investments	14.64M	5.20M	3.32M	7.95M	6.28M	6.16M
Total Debt	179.74M	55.75M	79.19M	143.72M	192.85M	272.86M
Total Liabilities	299.40M	168.07M	225.02M	262.48M	309.62M	365.50M
Stockholders Equity	209.44M	236.37M	320.17M	300.14M	361.50M	374.69M
Cash Flow
Free Cash Flow	9.43M	57.37M	64.93M	66.35M	72.96M	107.28M
Operating Cash Flow	34.41M	83.51M	96.56M	91.77M	88.53M	117.36M
Investing Cash Flow	-89.26M	-14.94M	-14.52M	-8.95M	-706.00K	-1.77M
Financing Cash Flow	61.16M	-65.20M	-86.80M	-79.66M	-86.51M	-114.21M

Civeo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVEO, the sentiment is Positive. The current price of 23.7 is above the 20-day moving average (MA) of 23.20, above the 50-day MA of 23.46, and above the 200-day MA of 22.67, indicating a bullish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 54.87 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVEO.

Civeo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TH	70 Outperform	$881.55M	82.72	2.78%	―	-35.28%	-90.34%
PRSU	69 Neutral	$1.04B	3.19	-44.30%	―	-49.92%	3773.09%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
CVEO	52 Neutral	$296.47M	19.41	-13.15%	4.22%	-10.60%	-201.64%

Civeo Corporate Events

Civeo Shareholders Approve Board Nominees and Compensation

At the 2025 Annual General Meeting, Civeo Corporation’s shareholders elected three Class II nominees to the Board and approved the executive compensation as outlined in the Proxy Statement. Additionally, they ratified Ernst & Young LLP as the independent registered public accounting firm for 2025, authorizing the Audit Committee to determine its remuneration.

The most recent analyst rating on (CVEO) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on Civeo stock, see the CVEO Stock Forecast page.