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Korvest Ltd is a metal fabrication business based in Australia. Korvest shares (KOV) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Korvest has a trailing 12-month revenue of around $71.7 million. If you're looking to buy shares, check out the steps below.
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| 52-week range | $3.98 - $6.5 |
|---|---|
| 50-day moving average | $5.3109 |
| 200-day moving average | $4.7663 |
| Target price | $4.86 |
| PE ratio | 12.1442 |
| Dividend yield | $0.35 (5.38%) |
| Earnings per share (TTM) | $0.527 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$4.9
| 1 month (2021-07-02) | -1.41% |
|---|---|
| 3 months (2021-05-04) | 13.69% |
Valuing Korvest stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Korvest 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Korvest 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Korvest shares trade at around 12x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Korvest 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $10.5 million (£0.0 million).
The EBITDA is a measure of a Korvest 's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $71.7 million |
|---|---|
| Operating margin TTM | 12.6% |
| Gross profit TTM | $29.6 million |
| Return on assets TTM | 10.77% |
| Return on equity TTM | 17.66% |
| Profit margin | 8.45% |
| Book value | 3.172 |
| Market capitalisation | $73.2 million |
TTM: trailing 12 months
Dividend payout ratio: 52.83% of net profits
Recently Korvest has paid out, on average, around 52.83% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.15% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Korvest shareholders could enjoy a 6.15% return on their shares, in the form of dividend payments. In Korvest 's case, that would currently equate to about A$0.35 per share.
Korvest 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 18 August 2021 (the "ex-dividend date").
Korvest 's shares were split on 8 June 1989.
Over the last 12 months, Korvest 's shares have ranged in value from as little as $3.98 up to $6.5. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Korvest 's is 0.7507. This would suggest that Korvest 's shares are less volatile than average (for this exchange).
Korvest Ltd, together with its subsidiaries, engages in hot dip galvanizing, sheet metal fabrication, manufacture of cable and pipe support systems and fittings, and design and assembly of access systems for large mobile equipment in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, and steel fabrication and access systems. It also sells, hires, and repairs high torque tools, such as hydraulic torque wrenches, pneumatic continuous torque wrenches, electronic continuous torque wrenches, huck tools, and power rigs. This segment conducts its business under the EzyStrut, Power Step, and Titan Technologies names. The Production segment provides hot dip galvanizing services. It serves infrastructure, commercial, utilities, mining, food processing, oil and gas, power stations, health, and industrial sectors. The company was incorporated in 1970 and is based in Kilburn, Australia.
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