| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | 1 | 1 | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡ |
|
| 2026 | ‡‡‡ |
|
| 2025 | 0.50 |
—
|
| 2024 | 1.00 |
—
—
—
—
|
| 2023 | 0.50 |
—
—
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 3.32 | 5.20 | 14.44 | 20.61 |
| Receivables | 143.22 | 89.04 | 90.47 | 109.49 |
| Inventory | 6.98 | 7.54 | 6.22 | 6.63 |
| Other | 13.28 | 1.21 | 2.88 | 4.19 |
| 175.25 | 110.45 | 131.21 | 161.85 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 58.70 | 39.97 | 44.28 | 42.13 |
| ST’ Debt | — | — | — | — |
| Other | 6.33 | 4.39 | 6.76 | 7.24 |
| 114.24 | 92.65 | 84.94 | 85.79 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 172.67 | 180.02 | — | — |
—
|
| ’25 | 144.04 | 162.69 | 170.49 | 161.62 |
638.85
|
| ’24 | 166.12 | 188.71 | 176.34 | 150.95 |
682.12
|
| ’23 | 167.59 | 178.84 | 183.57 | 170.80 |
700.81
|
| ’22 | 165.68 | 184.95 | 184.23 | 162.19 |
697.05
|
| ’21 | 125.43 | 154.18 | 155.06 | 159.79 |
594.46
|
| ’20 | 138.79 | 114.70 | 142.86 | 133.38 |
529.73
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (9.74) | 11.64 | — | — |
—
|
| ’25 | (8.44) | (2.31) | 13.83 | 19.27 |
22.34
|
| ’24 | 5.99 | 32.36 | 35.67 | 9.50 |
83.51
|
| ’23 | 0.36 | 19.40 | 36.83 | 39.97 |
96.57
|
| ’22 | 1.95 | 21.68 | 38.74 | 29.40 |
91.77
|
| ’21 | 12.82 | 16.53 | 33.89 | 25.29 |
88.53
|
| ’20 | 20.84 | 24.48 | 35.36 | 36.69 |
117.36
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (13.68) | 8.94 | — | — |
—
|
| ’25 | (13.55) | (6.70) | 9.38 | 15.27 |
4.39
|
| ’24 | 7.15 | 30.88 | 28.28 | 2.07 |
68.38
|
| ’23 | (2.15) | 12.91 | 31.72 | 39.19 |
81.67
|
| ’22 | 0.73 | 17.56 | 38.60 | 25.76 |
82.64
|
| ’21 | 16.10 | 13.74 | 31.31 | 26.13 |
87.27
|
| ’20 | 18.26 | 25.11 | 34.40 | 33.20 |
110.97
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.34) | (0.23) | — | — |
—
|
| ’25 | (0.72) | (0.25) | (0.04) | (0.56) |
(1.59)
|
| ’24 | (0.35) | 0.56 | (0.36) | (1.10) |
(1.19)
|
| ’23 | (0.42) | 0.30 | 0.61 | 1.55 |
2.01
|
| ’22 | 0.06 | 0.54 | 0.32 | (1.31) |
(0.21)
|
| ’21 | (0.70) | (0.03) | 0.00 | 0.58 |
(0.04)
|
| ’20 | (10.44) | 0.36 | 0.36 | (0.16) |
(9.64)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 18.90 | 17.87 | 21.15 | 18.01 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.06 | 36.88 | 28.92 | 27.55 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,400 | 1,600 | 2,000 | 2,700 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.50 | 0.44 | 0.34 | 0.24 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 697.05 | 700.81 | 682.12 | 638.85 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.82% | 24.33% | 21.91% | 23.65% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.73 | 40.36 | (5.94) | (6.46) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.54% | 5.76% | (0.87%) | (1.01%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.33 | 29.73 | (18.43) | (20.08) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 87.21 | 75.14 | 68.04 | 72.62 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.78 | 47.02 | 47.74 | 50.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.21) | 2.02 | (1.19) | (1.59) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.55 | 6.48 | 5.85 | 1.77 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.65) | (1.00) | (1.06) | (1.42) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.90 | 5.48 | 4.79 | 0.35 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.69 | 21.67 | 16.59 | 13.79 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.00 | 14.91 | 14.29 | 12.65 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 10.88 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.58 | 0.48 | 0.48 | 0.45 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.34 | 1.03 | 1.37 | 1.66 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.76 | 0.58 | 0.54 | 0.73 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.42 | 4.94 | 5.41 | 105.77 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 91.77 | 96.57 | 83.51 | 22.34 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.13) | (14.89) | (15.13) | (17.94) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 82.64 | 81.67 | 68.38 | 4.39 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.29 | 61.01 | 17.81 | 46.28 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 130.95 | 65.55 | 43.30 | 182.84 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 123.00 | 62.23 | 38.10 | 168.40 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 303.70 | 323.04 | 237.00 | 174.38 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.48%) | 5.41% | (3.58%) | (4.55%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.49% | 6.41% | 0.30% | 0.75% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.98%) | 9.62% | (6.09%) | (9.76%) | — | — | — |
ROE
|
Civeo Corporation (CVEO), a leader in workforce housing for Canada’s oil sands and expanding LNG projects, has proven resilient through oil busts, the pandemic, and energy volatility. Revenue hit a record $701 million in 2023 before a modest 2024 dip, with forecasts showing a temporary 5% drop in 2025 followed by a rebound through 2027. Dramatically slashing debt 88% from $353 million in 2016 to $43 million today has fortified its balance sheet, boosting ROE and enabling steady free cash flow of $4.80-$7.85 per share to fund buybacks and dividends—positioning CVEO as a lean operator ready for commodity upswings.
Despite eroding gross margins (down 37% since 2016) and volatile profits—from deep 2020 losses to $30 million net income in 2023—FCF remains robust at $51-84 million annually, trading at undervalued EV/FCF multiples as low as 5x. The stock has stabilized around $21-29 after pandemic lows, decoupling from past leverage risks, with PS ratios at 0.4-0.6x signaling a bargain if energy capex revives.
Analysts project modest 6% upside (up to 15%), driven by EPS recovery to +$0.65 by 2027 and share repurchases shrinking float 19%. Risks like margin pressure loom if oil stays soft, but with near-zero debt and LNG tailwinds, CVEO offers retail investors a gritty, cash-generative cyclical play worth watching for patient energy bulls.
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