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Civmec First Half 2023 Earnings: EPS: AU$0.056 (vs AU$0.045 in 1H 2022)
Fri 10 Feb 23, 10:24 PMHere's Why I Think Civmec (SGX:P9D) Might Deserve Your Attention Today
Fri 15 May 20, 01:12 AMBreakdown | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
Income before tax | 82.57M | 69.98M | 50.20M | 22.77M | 8.99M |
Minority interest | -0.01800M | 0.02M | -0.25800M | -0.11500M | -0.07800M |
Net income | 57.66M | 50.76M | 34.77M | 17.59M | 6.08M |
Selling general administrative | 7.73M | 5.47M | 5.40M | 16.95M | 16.69M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 109.17M | 90.84M | 75.04M | 44.65M | 25.53M |
Reconciled depreciation | 18.42M | 16.60M | 14.17M | 10.46M | 10.02M |
Ebit | 82.83M | 71.35M | 55.23M | 22.92M | 7.22M |
Ebitda | 101.25M | 87.95M | 69.41M | 33.38M | 17.23M |
Depreciation and amortization | 18.42M | 16.60M | 14.17M | 10.46M | 10.02M |
Non operating income net other | - | - | - | - | - |
Operating income | 82.83M | 71.35M | 55.23M | 22.92M | 7.22M |
Other operating expenses | 746.17M | 738.23M | 618.13M | 364.17M | 479.67M |
Interest expense | 0.87M | 3.27M | 5.20M | 1.27M | 1.80M |
Tax provision | 24.90M | 19.24M | 15.57M | 5.22M | 1.96M |
Interest income | 1.10M | 0.16M | 0.23M | 0.23M | 0.69M |
Net interest income | -3.67500M | -4.71200M | -6.25100M | -2.32300M | -4.31600M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 24.90M | 19.24M | 15.57M | 5.22M | 1.96M |
Total revenue | 830.87M | 809.29M | 674.19M | 391.87M | 488.51M |
Total operating expenses | 24.48M | 19.77M | 18.99M | 16.95M | 16.69M |
Cost of revenue | 721.70M | 718.46M | 599.15M | 347.22M | 462.98M |
Total other income expense net | -0.25600M | -1.36900M | -5.03500M | -0.15300M | 1.77M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 57.67M | 50.74M | 34.63M | 17.55M | 7.03M |
Net income applicable to common shares | 57.66M | 50.76M | 34.77M | 17.59M | 6.08M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
Total assets | 910.32M | 774.53M | 725.66M | 636.94M | 600.36M |
Intangible assets | - | - | - | - | - |
Earning assets | - | - | - | - | - |
Other current assets | - | - | - | 1.90M | - |
Total liab | 422.10M | 353.66M | 354.55M | 345.07M | 337.29M |
Total stockholder equity | 488.48M | 420.87M | 371.39M | 292.13M | 263.19M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 170.32M | 103.88M | 112.82M | 150.19M | 144.28M |
Common stock | 29.92M | 29.81M | 29.81M | 29.81M | 29.81M |
Capital stock | 29.92M | 29.81M | 29.81M | 29.81M | 29.81M |
Retained earnings | 286.49M | 250.00M | 212.55M | 171.84M | 147.09M |
Other liab | - | 60.87M | 54.51M | 38.84M | 37.53M |
Good will | 0.01000M | 0.01000M | 0.01000M | 0.01000M | 0.01000M |
Other assets | - | 17.23M | 18.21M | 4.64M | 2.90M |
Cash | 88.46M | 70.38M | 40.84M | 48.17M | 27.71M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 242.30M | 197.42M | 208.68M | 201.86M | 196.41M |
Current deferred revenue | - | - | - | - | - |
Net debt | 32.84M | - | 89.08M | 66.58M | 88.74M |
Short term debt | 13.94M | 0.00000M | 38.56M | 10.38M | 13.11M |
Short long term debt | 8.00M | 8.00M | 28.00M | 0.00000M | 2.39M |
Short long term debt total | 121.30M | - | 129.92M | 114.76M | 116.45M |
Other stockholder equity | 172.07M | 141.07M | 129.04M | 90.48M | 86.30M |
Property plant equipment | - | 476.30M | 448.09M | 412.03M | 397.80M |
Total current assets | 358.04M | 280.99M | 259.35M | 220.21M | 199.40M |
Long term investments | - | - | - | - | - |
Net tangible assets | - | 420.86M | 371.38M | 292.12M | 263.18M |
Short term investments | - | - | - | - | - |
Net receivables | 94.09M | 208.34M | 216.68M | 170.13M | 169.64M |
Long term debt | 56.00M | 48.50M | 46.00M | 60.00M | 60.00M |
Inventory | 0.70M | 0.68M | 0.53M | 0.59M | 0.62M |
Accounts payable | 58.04M | 45.97M | 57.30M | 41.29M | 39.03M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | - | - | - | - | - |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | - | - |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | -0.01000M | -0.01000M |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 18.46M | - | 16.80M | 0.06M | 0.73M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 552.28M | 493.54M | 466.31M | 416.73M | 400.96M |
Capital lease obligations | 57.30M | 57.34M | 55.92M | 54.76M | 54.06M |
Long term debt total | - | 95.64M | 91.36M | 104.37M | 103.34M |
Breakdown | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
Investments | 0.08M | 0.05M | 0.09M | -0.42500M | -0.42500M |
Change to liabilities | 4.37M | -13.24700M | -6.13100M | 45.38M | -23.03100M |
Total cashflows from investing activities | -19.37200M | -6.51800M | -20.40300M | -70.28400M | -67.40400M |
Net borrowings | -26.12300M | 7.45M | -7.37900M | -34.13800M | 9.47M |
Total cash from financing activities | -46.32800M | -2.58500M | -17.40000M | -37.86700M | 5.84M |
Change to operating activities | 2.06M | 2.77M | 4.07M | -1.72400M | -2.25600M |
Net income | 82.57M | 69.98M | 50.20M | 22.77M | 8.99M |
Change in cash | 29.54M | -7.33100M | 20.46M | -12.95000M | 17.29M |
Begin period cash flow | 40.84M | 48.17M | 27.71M | 40.66M | 23.37M |
End period cash flow | 70.38M | 40.84M | 48.17M | 27.71M | 40.66M |
Total cash from operating activities | 95.24M | 1.77M | 58.26M | 95.20M | 78.86M |
Issuance of capital stock | - | - | - | - | - |
Depreciation | 18.42M | 16.60M | 14.17M | 10.46M | 10.02M |
Other cashflows from investing activities | 0.51M | 0.39M | 0.49M | 0.09M | 0.18M |
Dividends paid | -20.20500M | 10.04M | 10.02M | 3.73M | 3.63M |
Change to inventory | - | - | - | - | - |
Change to account receivables | 8.35M | -46.23900M | -2.13800M | 8.57M | 85.51M |
Sale purchase of stock | - | - | - | - | - |
Other cashflows from financing activities | 36.88M | 146.90M | 12.96M | 108.71M | 345.60M |
Change to netincome | 4.38M | -8.87300M | 13.52M | 14.92M | 2.55M |
Capital expenditures | 19.88M | 6.90M | 21.62M | 70.04M | 68.23M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | 14.79M | -56.71500M | -4.19700M | 52.23M | 60.22M |
Stock based compensation | 1.07M | 1.44M | 2.04M | - | - |
Other non cash items | 6.99M | -29.52900M | -3.95100M | 9.74M | -0.36500M |
Free cash flow | 75.36M | -5.13000M | 36.65M | 25.16M | 10.63M |
Sector: Industrials Industry: Engineering & Construction
Company | Change (AUD) | Price (AUD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
CVL Civmec Ltd |
-0.015 1.27% | 1.17 | 10.82 | 7.91 | 0.58 | 1.21 | 0.65 | 6.51 |
DOW Downer Edi Ltd |
0.15 2.29% | 6.70 | 65.30 | 13.79 | 0.41 | 2.09 | 0.49 | 9.33 |
MND Monadelphous Group Ltd |
0.17 0.96% | 17.79 | 23.69 | 19.96 | 0.87 | 3.60 | 0.77 | 10.21 |
MGH MAAS Group Holdings Ltd |
-0.01 0.24% | 4.09 | 19.48 | - | 1.63 | 1.79 | 2.21 | 10.17 |
SSM Service Stream Ltd |
-0.03 1.53% | 1.94 | 24.13 | 12.06 | 0.50 | 2.44 | 0.52 | 9.02 |
Civmec Limited, an investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia. It undertakes fabrication projects, such as structural steel, plateworks, tanks, vessels, materials handling equipment, subsea and offshore structures, and pipe spooling services. It 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, the company 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, it 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, rope access, tension netting, and fabricated platforms, as well as executes refractory projects; and supplies labor. The company was formerly known as Civmec Australia Limited and changed its name to Civmec Limited in September 2024. Civmec Limited was founded in 2009 and is headquartered in Henderson, Australia.
16 Nautical Drive, Henderson, WA, Australia, 6166
Name | Title | Year Born |
---|---|---|
Mr. James Finbarr Fitzgerald | Exec. Chairman | 1964 |
Mr. Patrick John Tallon | CEO & Exec. Director | 1970 |
Mr. Kevin James Deery | Acting CFO, COO & Exec. Director | 1972 |
Ms. Lai Yin Chan | Company Sec. | NA |
Mr. James Finbarr Fitzgerald | Executive Chairman of the Board | 1964 |
Mr. Patrick John Tallon | CEO & Executive Director | 1970 |
Mr. Kevin James Deery | Acting CFO, COO & Executive Director | 1972 |
Ms. Lai Yin Chan | Company Secretary | NA |
Mr. James Finbarr Fitzgerald | Executive Chairman of the Board | 1964 |
Mr. Patrick John Tallon | CEO & Executive Director | 1970 |
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