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How to buy Korvest shares
Own Korvest shares in just a few minutes.
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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 listed in Australian Dollars. Korvest has a trailing 12-month revenue of around $62.5 million.
How to buy shares in Korvest
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Korvest . Find the share by name or ticker symbol: KOV. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Korvest reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Korvest . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
Korvest share price
Use our graph to track the performance of KOV stocks over time.Korvest shares at a glance
Information last updated 2021-02-24.
| 52-week range | $2.7457 - $5.0809 |
|---|---|
| 50-day moving average | $4.9463 |
| 200-day moving average | $4.719 |
| Target price | $4.86 |
| PE ratio | 10.9179 |
| Dividend yield | $0.28 (6.18%) |
| Earnings per share (TTM) | $0.414 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Is it a good time to buy Korvest stock?
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.
Is Korvest under- or over-valued?
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 P/E ratio
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 11x. In other words, Korvest shares trade at around 11x 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
Korvest 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $8.2 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.
Korvest financials
| Revenue TTM | $62.5 million |
|---|---|
| Operating margin TTM | 11.07% |
| Gross profit TTM | $26 million |
| Return on assets TTM | 9.11% |
| Return on equity TTM | 14.37% |
| Profit margin | 7.57% |
| Book value | 3.023 |
| Market capitalisation | $51.2 million |
TTM: trailing 12 months
Korvest share dividends
Dividend payout ratio: 66.67% of net profits
Recently Korvest has paid out, on average, around 66.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.62% 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 6.62% return on their shares, in the form of dividend payments. In Korvest 's case, that would currently equate to about A$0.28 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 17 February 2021 (the "ex-dividend date").
Have Korvest 's shares ever split?
Korvest 's shares were split on 8 June 1989.
Korvest share price volatility
Over the last 12 months, Korvest 's shares have ranged in value from as little as $2.7457 up to $5.0809. 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 0.7814. This would suggest that Korvest 's shares are less volatile than average (for this exchange).
Korvest overview
Korvest Ltd, together with its subsidiaries, manufacturers and supplies cable and pipe support systems, galvanising services, and access systems for large mobile equipment in Australia. It operates in two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, and steel fabrication and access systems. This segment 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. It conducts its business under the EzyStrut, Power Step and Titan Technologies names. The Production segment provides hot dip galvanising services. It serves infrastructure, commercial, utilities, mining, food processing, oil and gas, power stations, health, and industrial sectors. The company was founded in 1970 and is based in Kilburn, Australia.
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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