Professional
Added to YB: 2025-05-07
Pitch date: 2025-05-05
CVEO [bullish]
Civeo Corporation
-0.93%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Civeo Corporation engages in hospitality services to the natural resource industry in Canada, Australia, and internationally.
Market Cap
$255.5M
Pitch Price
$19.32
Price Target
40.00 (+109%)
Dividend
N/A
Sector
Commercial Services and Supplies
Category
value
Idea Brunch with Colin King of Circle City Capital - Civeo Corporation
CVEO: Lodging for remote workers in Canada oil sands & Australia. Debt slashed from $400m to $45m since 2014, generating $40-70m+ FCF annually. First time pivoting from debt repayment to buybacks, dividend, M&A. Most revenue from Australian mining, not oil. $260m market cap, $105m net debt, $100m 2025E EBITDA. 5-6x multiple = $32-40 price target.
Read full article (1 min)