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Korvest Ltd.
(Sydney:KOV)
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Rating:83Outperform
Price Target:
AU$24.50
▲(74.88% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by strong financial performance (healthy growth, profitability, low leverage, and strong cash generation) and supported by compelling valuation (low P/E and solid dividend yield). Technicals are positive due to a strong uptrend and positive MACD, but the overbought RSI/Stochastic readings temper the overall score due to higher near-term pullback risk.
Positive Factors
Consistent revenue growth
Sustained 17% revenue growth reflects enduring demand for Korvest’s engineered cable and pipe support solutions across industrial and commercial projects. Over 2–6 months this trend supports stable order intake, scale benefits and continued investment in production capacity and distribution.
Negative Factors
Rising total debt trend
Although current leverage is low, a rising debt trend can constrain flexibility if maintained. Over months this could increase interest and refinancing exposure, limiting capacity for opportunistic investments or dividend support if revenue or margins weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained 17% revenue growth reflects enduring demand for Korvest’s engineered cable and pipe support solutions across industrial and commercial projects. Over 2–6 months this trend supports stable order intake, scale benefits and continued investment in production capacity and distribution.
Read all positive factors
Korvest Ltd. (KOV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$211.55M
Dividend Yield4.48%
Average Volume (3M)5.64K
Price to Earnings (P/E)14.5
Beta (1Y)0.21
Revenue Growth25.84%
EPS Growth53.30%
CountryAU
Employees262
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)1.23
Shares Outstanding11,838,396
10 Day Avg. Volume3,226
30 Day Avg. Volume5,637
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)2.13
Price to Sales (P/S)1.08
P/FCF Ratio8.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.08
Revenue Forecast (FY)AU$126.40M
Korvest Ltd. Business Overview & Revenue Model
Company Description
Korvest Ltd, an Australian company founded in 1970 and based in Kilburn, operates in two primary business areas: sheet metal manufacturing and hot dip galvanizing services. Its Industrial Products division is responsible for creating a comprehensi...
How the Company Makes Money
Korvest makes money by selling engineered support and access products to industrial and infrastructure customers, generating revenue primarily from product sales and associated project supply. Its key revenue streams come from (1) cable and pipe s...
Korvest Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.74M | 119.57M | 102.89M | 107.48M | 99.22M | 69.79M |
| Gross Profit | 49.95M | 45.82M | 40.27M | 39.65M | 36.01M | 27.69M |
| EBITDA | 24.94M | 18.26M | 15.46M | 17.96M | 15.17M | 9.47M |
| Net Income | 14.51M | 13.16M | 11.04M | 11.18M | 11.34M | 6.05M |
Balance Sheet | ||||||
| Total Assets | 91.44M | 90.38M | 79.55M | 70.66M | 65.91M | 56.52M |
| Cash, Cash Equivalents and Short-Term Investments | 5.91M | 13.30M | 7.06M | 9.21M | 3.83M | 6.96M |
| Total Debt | 27.34M | 9.88M | 9.48M | 5.19M | 5.47M | 6.23M |
| Total Liabilities | 30.87M | 29.56M | 26.10M | 21.62M | 22.09M | 20.60M |
| Stockholders Equity | 60.57M | 60.82M | 53.45M | 49.04M | 43.83M | 35.92M |
Cash Flow | ||||||
| Free Cash Flow | 9.10M | 15.00M | 5.84M | 13.08M | 1.88M | 4.17M |
| Operating Cash Flow | 14.31M | 18.69M | 10.35M | 14.94M | 3.99M | 6.51M |
| Investing Cash Flow | -5.19M | -3.63M | -4.44M | -1.81M | -1.18M | -2.31M |
| Financing Cash Flow | -10.09M | -8.82M | -8.06M | -7.75M | -5.94M | -3.98M |
Korvest Ltd. Technical Analysis
Neutral
14.01
Price Trends
18.09
Negative
16.63
Positive
15.16
Positive
Market Momentum
-0.23
Positive
43.93
Neutral
20.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KOV, the sentiment is Neutral. The current price of 14.01 is below the 20-day moving average (MA) of 19.12, below the 50-day MA of 18.09, and below the 200-day MA of 15.16, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 20.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:KOV.
Korvest Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$211.55M | 14.53 | 23.91% | 4.48% | 25.84% | 53.30% | |
69 Neutral | AU$308.58M | 20.14 | 9.11% | 5.71% | 25.68% | -11.47% | |
67 Neutral | AU$172.96M | 9.63 | 11.28% | 10.12% | -0.15% | 307.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | AU$93.47M | 5.24 | 12.51% | 7.14% | 10.91% | -28.61% | |
60 Neutral | AU$139.68M | -18.23 | -12.62% | 2.78% | -2.60% | -168.93% | |
44 Neutral | AU$89.31M | -7.01 | -50.97% | ― | -36.31% | -245.99% |
* Industrials Sector Average
AU:KOV
Korvest Ltd.
17.87
7.10
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Korvest Ltd. Corporate Events
Korvest Director Reduces Shareholding in On‑Market Trade
Jun 25, 2026
Korvest Ltd has reported a change in the shareholding of director Gary Nigel Francis, whose interest is held directly in his and his spouse’s names. The filing does not include further operational or strategic information about the company.F...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.