Latest news with #Civmec
Business Times
16 hours ago
- Business
- Business Times
Civmec set to acquire ship manufacturer Luerssen Australia for A$20 million
[SINGAPORE] Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). Civmec will take ownership of the whole business, including assets, employees and licences. The deal will be funded by the group's existing cash reserves. The assets, plant and equipment, were valued at A$3.6 million. No external valuation was conducted for the acquisition. The aim of the deal is to solidify Australia's sovereign shipbuilding capability by consolidating design, construction and operational expertise under a single, locally owned entity, in a bid to enhance national resilience and support long-term defence industry growth, said the Australian shipbuilder. Luerssen Australia, a subsidiary of NVL, is an independent, privately owned group of German shipyards and related companies. The organisation was formerly known as Lurssen Defence. It specialises in the design, manufacture and servicing of yachts, naval and coastguard vessels. The company supports Australia's national sovereign shipbuilding strategy and operates from the Australian Marine Complex in Henderson, Western Australia. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The acquisition has a target completion date of Jul 1. A pre-agreed level of working capital will be retained within Luerssen Australia at completion to support post-completion operations as well, Civmec said. Earlier on Oct 15, 2024, Civmec had signed a non-binding heads of agreement with the German shipbuilder for the transfer of ownership of Luerssen Australia. This, in particular, was to ensure the 'uninterrupted design and build' of six offshore patrol vessels for the Royal Australian Navy under an existing contract with the Australian Department of Defence – the NVL subsidiary's sole business, executed at a shipyard in South Australia and a Civmec-owned facility in Western Australia. Shares of Civmec closed 1.2 per cent or S$0.01 higher at S$0.86 on Wednesday.
Business Times
17 hours ago
- Business
- Business Times
Civmec to acquire ship manufacturer Luerssen Australia for A$20 million
[SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). Civmec will take ownership of the whole business, including assets, employees and licences. The deal will be funded by the group's existing cash reserves. The aim of the deal is to solidify Australia's sovereign shipbuilding capability by consolidating design, construction and operational expertise under a single, locally owned entity, in a bid to enhance national resilience and support long-term defence industry growth, said the Australian shipbuilder. Luerssen Australia, a subsidiary of NVL, is an independent, privately owned group of German shipyards and related companies. The organisation was formerly known as Lurssen Defence. It specialises in the design, manufacture and servicing of yachts, naval and coastguard vessels. The company supports Australia's national sovereign shipbuilding strategy and operates from the Australian Marine Complex in Henderson, Western Australia. Civmec noted that plant and equipment were valued at A$3.6 million. No external valuation was conducted for the acquisition. The acquisition has a target completion date of Jul 1. Civmec closed 1.2 per cent or S$0.01 higher at S$0.86 on Wednesday.
Yahoo
13-05-2025
- Business
- Yahoo
Civmec Limited's (ASX:CVL) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Civmec (ASX:CVL) has had a rough three months with its share price down 21%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Civmec's ROE in this article. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Civmec is: 12% = AU$59m ÷ AU$497m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. That means that for every A$1 worth of shareholders' equity, the company generated A$0.12 in profit. See our latest analysis for Civmec So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Civmec seems to have a decent ROE. Be that as it may, the company's ROE is still quite lower than the industry average of 15%. That being the case, the significant five-year 26% net income growth reported by Civmec comes as a pleasant surprise. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently. Bear in mind, the company does have a respectable ROE. It is just that the industry ROE is higher. So this certainly also provides some context to the high earnings growth seen by the company. Next, on comparing Civmec's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 26% over the last few years. Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Civmec is trading on a high P/E or a low P/E, relative to its industry. Civmec's three-year median payout ratio is a pretty moderate 44%, meaning the company retains 56% of its income. By the looks of it, the dividend is well covered and Civmec is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above. Moreover, Civmec is determined to keep sharing its profits with shareholders which we infer from its long history of seven years of paying a dividend. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 54% over the next three years. Consequently, the higher expected payout ratio explains the decline in the company's expected ROE (to 9.5%) over the same period. Overall, we are quite pleased with Civmec's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-03-2025
- Business
- Yahoo
Insiders own 47% of Civmec Limited (ASX:CVL) shares but individual investors control 51% of the company
Significant control over Civmec by individual investors implies that the general public has more power to influence management and governance-related decisions A total of 18 investors have a majority stake in the company with 49% ownership Insider ownership in Civmec is 47% To get a sense of who is truly in control of Civmec Limited (ASX:CVL), it is important to understand the ownership structure of the business. With 51% stake, individual investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Individual insiders, on the other hand, account for 47% of the company's stockholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Let's take a closer look to see what the different types of shareholders can tell us about Civmec. View our latest analysis for Civmec We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common. There are multiple explanations for why institutions don't own a stock. The most common is that the company is too small relative to funds under management, so the institution does not bother to look closely at the company. Alternatively, there might be something about the company that has kept institutional investors away. Civmec's earnings and revenue track record (below) may not be compelling to institutional investors -- or they simply might not have looked at the business closely. Civmec is not owned by hedge funds. From our data, we infer that the largest shareholder is James Fitzgerald (who also holds the title of Top Key Executive) with 19% of shares outstanding. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Patrick Tallon is the second largest shareholder owning 19% of common stock, and Michael Vaz holds about 7.1% of the company stock. Interestingly, the second-largest shareholder, Patrick Tallon is also Chief Executive Officer, again, pointing towards strong insider ownership amongst the company's top shareholders. Our studies suggest that the top 18 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own a reasonable proportion of Civmec Limited. Insiders own AU$219m worth of shares in the AU$470m company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. The general public, who are usually individual investors, hold a substantial 51% stake in Civmec, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for Civmec (1 is a bit concerning) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-02-2025
- Business
- Yahoo
Civmec First Half 2025 Earnings: Misses Expectations
Revenue: AU$502.9m (up 2.1% from 1H 2024). Net income: AU$26.5m (down 17% from 1H 2024). Profit margin: 5.3% (down from 6.5% in 1H 2024). The decrease in margin was driven by higher expenses. EPS: AU$0.052 (down from AU$0.063 in 1H 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Construction industry in Australia. Performance of the Australian Construction industry. The company's shares are down 18% from a week ago. It is worth noting though that we have found 2 warning signs for Civmec (1 can't be ignored!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
