Civeo (CVEO) AI Stock Analysis

• Market Cap: $258.86M
• Dividend Yield: 4.5%
• Average Volume (3M): 78.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: -10.51%
• EPS Growth: -247.97%
• Country: US
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Business Services
• EPS (TTM): -0.04
• Shares Outstanding: 11,515,223
• 10 Day Avg. Volume: 84,172
• 30 Day Avg. Volume: 78,854
• PEG Ratio: 0.12
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 5.66
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $23.50 ▲(3.43% Upside)

Civeo's overall stock score reflects its challenging financial performance, with declining revenues and increased leverage being significant concerns. While technical analysis provides a slightly positive outlook, and the earnings call highlights some strategic progress, the negative valuation metrics due to net losses weigh on the overall score.

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 is facing financial difficulties with declining revenues, negative profitability, and increased leverage. The income statement shows a significant revenue decline and net loss, while the cash flow statement highlights a concerning trend with negative free cash flow growth. The balance sheet indicates increased financial risk due to higher leverage.

Income Statement

Civeo's income statement shows a challenging financial performance. The TTM data reveals a significant revenue decline of 9.22%, and the company is operating at a net loss with a net profit margin of -3.28%. The gross profit margin has also decreased to 7.31% from previous years, indicating pressure on profitability. Despite these challenges, the EBITDA margin remains positive at 9.30%, suggesting some operational efficiency.

Balance Sheet

The balance sheet indicates a moderate financial position. The debt-to-equity ratio has increased to 1.08, reflecting higher leverage, which could pose a risk if not managed carefully. However, the equity ratio remains stable, and the company has maintained a reasonable level of stockholders' equity relative to its assets. Return on equity is negative, highlighting the impact of net losses on shareholder returns.

Cash Flow

Civeo's cash flow statement shows a concerning trend with a significant decline in free cash flow growth at -211.81%. The operating cash flow to net income ratio is low at 0.15, indicating limited cash generation relative to net income. The negative free cash flow to net income ratio further emphasizes the company's cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	628.18M	682.12M	700.80M	697.05M	594.46M	529.73M
Gross Profit	122.47M	149.46M	170.52M	179.99M	158.00M	147.64M
EBITDA	65.26M	70.07M	128.68M	109.95M	101.94M	-30.18M
Net Income	-28.68M	-17.07M	30.16M	4.00M	1.35M	-134.25M
Balance Sheet
Total Assets	491.07M	405.07M	548.06M	566.18M	672.73M	740.85M
Cash, Cash Equivalents and Short-Term Investments	12.00M	5.20M	3.32M	7.95M	6.28M	6.16M
Total Debt	198.02M	55.75M	79.19M	143.72M	192.85M	272.86M
Total Liabilities	308.52M	168.07M	225.02M	262.48M	309.62M	365.50M
Stockholders Equity	182.55M	236.37M	320.17M	300.14M	361.50M	374.69M
Cash Flow
Free Cash Flow	-10.54M	57.37M	64.93M	66.35M	72.96M	107.28M
Operating Cash Flow	12.57M	83.51M	96.56M	91.77M	88.53M	117.36M
Investing Cash Flow	-93.37M	-14.94M	-14.52M	-8.95M	-706.00K	-1.77M
Financing Cash Flow	70.74M	-65.20M	-86.80M	-79.66M	-86.51M	-114.21M

Civeo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVEO, the sentiment is Negative. The current price of 22.72 is above the 20-day moving average (MA) of 22.21, above the 50-day MA of 22.41, and above the 200-day MA of 22.46, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.60 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CVEO.

Civeo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TH	64 Neutral	$639.59M	―	-2.36%	―	-26.65%	-110.98%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BV	59 Neutral	$1.12B	352.84	3.03%	―	-2.99%	-72.13%
PRSU	56 Neutral	$972.37M	2.99	-24.71%	―	-68.48%	2198.47%
CVEO	53 Neutral	$258.86M	-10.64	-12.34%	4.50%	-10.51%	-247.97%

Civeo Corporate Events

Civeo Corp’s Earnings Call: Growth Amid Challenges

Civeo Corp’s latest earnings call presented a balanced sentiment, reflecting both achievements and challenges. The company made significant strides in share repurchases and experienced growth in its Australian segment, largely due to the successful integration of acquired assets. Cost-cutting measures in Canada also yielded positive results. However, the Canadian market faced challenges with decreased revenues, and the company reported a net loss for the quarter, painting a mixed picture of growth and hurdles.

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.