Agree. The PE is even less than 8 for the enterprise value since they have net cash.
I did a comparison of Civmec to Downer, which in many ways is comparable and which also reported today.
CVL turned over $1B and made NPAT of $64M. It has a prsitine balance sheet and history of sound management.
DOW turned over $11B but only made NPAT of $82M and it has a lot of debt on its balance sheet and history of management mistakes and writedowns.
Yet DOW has a market capitalisation of $3.2B whereas CVL is only a few hundred million market capitalisation.
I think CVL is a great investment. I'm buying more.
Agree. The PE is even less than 8 for the enterprise value since...
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Last
$1.29 |
Change
-0.030(2.27%) |
Mkt cap ! $656.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.28 | $418.8K | 322.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5469 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 2029 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CVL (ASX) Chart |