Civeo (CVEO) AI Stock Analysis

• Market Cap: $285.18M
• Dividend Yield: 4.39%
• Average Volume (3M): 72.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -10.60%
• EPS Growth: -201.64%
• Country: US
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Business Services
• EPS (TTM): -0.25
• Shares Outstanding: 12,551,769
• 10 Day Avg. Volume: 74,799
• 30 Day Avg. Volume: 72,274
• 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: 1.65
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 3.96
• Enterprise Value/Ebitda: 8.38
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: $24.00 ▲(5.63% Upside)

Civeo's overall stock score reflects moderate financial health with operational efficiency and positive cash flow, but challenges in revenue growth and profitability. Technical analysis shows a positive trend, while valuation is hindered by negative earnings. Earnings call sentiment is mixed, with strong Australian performance offset by Canadian challenges.

Civeo Business Overview & Revenue Model

Company Description

Civeo Corporation (CVEO) is a leading provider of workforce accommodation services, primarily serving the oil and gas, mining, and construction industries. The company operates in remote locations, offering lodging, catering, and other support services to ensure that workers have a comfortable living environment. Civeo's core products and services include modular accommodations, dining facilities, recreational amenities, and logistical support, which are crucial for operations in isolated areas where traditional services may not be available.

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: 22.72
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 22.72 is above the 20-day moving average (MA) of 21.87, above the 50-day MA of 22.59, and above the 200-day MA of 22.52, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 54.50 is Neutral, neither overbought nor oversold. The STOCH value of 73.51 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	―	$733.37M	68.82	2.78%	―	-35.28%	-90.34%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BV	―	$1.19B	374.03	3.03%	―	-2.99%	-72.13%
PRSU	―	$990.18M	3.04	-44.30%	―	-49.92%	3773.09%
CVEO	―	$285.18M	-9.34	-13.15%	4.39%	-10.60%	-201.64%

Civeo Corporate Events

Civeo Highlights Strategic Initiatives in Investor Presentation

On September 30, 2025, Civeo Corporation released an investor presentation highlighting its strategic initiatives and financial performance. The company emphasized its strong cash flow generation from its diverse asset mix and its plans for ongoing value creation through strategic capital deployment and expansion into new markets. Civeo is well-positioned to capitalize on proposed infrastructure projects and aims to achieve significant revenue growth by 2027, enhancing its market position and shareholder returns.

The most recent analyst rating on (CVEO) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Civeo stock, see the CVEO Stock Forecast page.

Civeo Corporation Reports Q2 2025 Financial Results

Civeo Corporation is a leading provider of hospitality services, specializing in accommodations for workers in the natural resource sectors of Australia and the Canadian oil sands. The company operates lodges and villages offering a range of services including food, housekeeping, and facility management.

Civeo Corp. Earnings Call: Mixed Sentiments and Strategic Moves

Civeo Corp.’s recent earnings call painted a balanced picture of the company’s current standing and future prospects. The call highlighted significant achievements in the company’s share repurchase program and robust performance in Australia, but these were counterbalanced by challenges in the Canadian market, including a revenue decline and a net loss, resulting in a mixed sentiment overall.