Added to YB: 2025-10-20
Pitch date: 2025-10-16
CVEO [bullish]
Civeo Corporation
Author Info
No bio for this author
Company Info
Civeo Corporation engages in hospitality services to the natural resource industry in Canada, Australia, and internationally.
Market Cap
$249.1M
Pitch Price
N/A
Price Target
38.40 (+74%)
Dividend
N/A
EV/EBITDA
6.02
P/E
-9.96
EV/Sales
0.70
Sector
Commercial Services and Supplies
Category
value
Civeo Corp (NYSE: $CVEO): Betting on Beds Without Losing Sleep
CVEO: Remote hospitality provider trading at massive discount vs peers (7.8k/room vs competitors at 25-32k). Australia business strong at 77% utilization, Canada depressed at 35% but oil sands recovery potential. Engine Capital activist pushing buybacks - mgmt suspended dividend, authorized 20% share repurchase. FCF scenarios: bear $50M (3x = $16/share), normalized $75-85M (5x = $36-40/share), bull $95M (7x = $63/share). 80% upside to $38 fair value.
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