Civeo (CVEO) AI Stock Analysis

• Market Cap: $299.49M
• Dividend Yield: 4.21%
• Average Volume (3M): 71.39K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.16
• Revenue Growth: -10.60%
• EPS Growth: -201.64%
• Country: US
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Specialty Business Services
• EPS (TTM): -0.25
• Shares Outstanding: 12,551,769
• 10 Day Avg. Volume: 93,372
• 30 Day Avg. Volume: 71,389
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 7.12
• Enterprise Value/Ebitda: 9.91
• 1Y Price Target: $27.00
• Price Target Upside: 13.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: $25.00 ▲(4.78% Upside)

Civeo Corporation faces challenges with declining revenue and profitability issues, but operational efficiency and liquidity provide some stability. Technical indicators suggest a moderate uptrend, while valuation is mixed with a negative P/E but a strong dividend yield. Positive developments in Australia and share repurchase progress add to the balanced sentiment from the recent earnings call.

Civeo Business Overview & Revenue Model

Company Description

Civeo Corporation (CVEO) is a leading provider of workforce accommodations, logistics, and facility management services to the natural resource industry. The company primarily serves sectors such as oil, gas, and mining, offering solutions tailored to the unique demands of remote and challenging environments. Civeo operates a range of accommodation facilities in Canada, Australia, and the United States, providing comfortable living spaces, food services, and recreational amenities for workers.

How the Company Makes Money

Civeo makes money through the provision of lodging and hospitality services to companies operating in remote resource-rich locations. Its revenue model is predominantly based on long-term contracts with major oil, gas, and mining companies, who require accommodations for their workforce during exploration and production activities. Key revenue streams include room occupancy fees, food and catering services, and ancillary support services such as housekeeping and maintenance. Partnerships with large resource companies are crucial, as they provide Civeo with a stable and predictable revenue base. The demand for Civeo's services is closely tied to the activity levels within the natural resource sectors, which can be influenced by commodity prices and global economic conditions.

Civeo Financial Statement Overview

Summary

Civeo demonstrates moderate financial health with strengths in cash flow generation and improving gross margins. Challenges include recurring net losses and declining total assets, which require strategic attention to ensure sustainable growth.

Income Statement

Civeo's income statement shows a fluctuating revenue trend with a recent decline in TTM. Gross profit margin is improving, indicating better cost management. However, persistent net losses and declining EBIT margin are concerning, affecting profitability.

Balance Sheet

The balance sheet reveals moderate debt levels with a stable equity ratio. The debt-to-equity ratio has improved, reflecting better leverage management. However, the overall asset base is decreasing, which may limit future growth opportunities.

Cash Flow

Civeo's cash flow statement indicates strong operating cash flow relative to net income, which is a positive sign of cash generation. However, free cash flow has decreased in the TTM period, suggesting a need for careful cash management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	682.12M	700.80M	697.05M	594.46M	529.73M
Gross Profit	149.46M	170.52M	179.99M	158.00M	147.64M
EBITDA	70.07M	128.68M	109.95M	97.09M	-30.18M
Net Income	-17.07M	30.16M	6.33M	2.50M	-132.78M
Balance Sheet
Total Assets	405.07M	548.06M	566.18M	672.73M	740.85M
Cash, Cash Equivalents and Short-Term Investments	5.20M	3.32M	7.95M	6.28M	6.16M
Total Debt	55.75M	79.19M	143.72M	188.61M	268.42M
Total Liabilities	168.07M	225.02M	262.48M	309.62M	365.50M
Stockholders Equity	236.37M	320.17M	300.14M	361.50M	374.69M
Cash Flow
Free Cash Flow	57.37M	64.93M	66.35M	72.96M	107.28M
Operating Cash Flow	83.51M	96.56M	91.77M	88.53M	117.36M
Investing Cash Flow	-14.94M	-14.52M	-8.95M	-706.00K	-1.77M
Financing Cash Flow	-65.20M	-86.80M	-79.66M	-86.51M	-114.21M

Civeo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 23.86 is below the 20-day moving average (MA) of 24.23, above the 50-day MA of 23.13, and above the 200-day MA of 22.96, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 55.54 is Neutral, 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	71 Outperform	$738.28M	16.94	11.23%	―	-33.11%	-68.55%
PRSU	61 Neutral	$818.85M	2.35	-42.67%	―	-26.67%	―
CVEO	60 Neutral	$299.49M	19.41	-13.15%	4.21%	-10.60%	-201.64%
Sector *	57 Neutral	HK$24.67B	3.83	-3.22%	5.89%	0.28%	-59.63%

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.

Civeo Finalizes Acquisition of Bowen Basin Villages

On May 6, 2025, Civeo Pty Ltd, a subsidiary of Civeo Corporation, finalized the acquisition of four villages with 1,340 rooms in Australia’s Bowen Basin. The purchase, valued at A$105,000,000, was funded through cash on hand and borrowings, potentially enhancing Civeo’s market position in the region.