Civmec Ltd (CVL) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Civmec Ltd A$1.68, price A$1.72, upside -2.0%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range A$0.4586 – A$2.00 · fair‑value band A$0.9800 – A$2.68 · the A$1.72 price screens above the A$1.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Civmec Limited, an investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia. It undertakes fabrication projects, such as structural steel, plateworks, tanks, vessels, materials handling equipment, subsea and offshore structures, and pipe spooling services.
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Civmec Limited, an investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia. It undertakes fabrication projects, such as structural steel, plateworks, tanks, vessels, materials handling equipment, subsea and offshore structures, and pipe spooling services. It offers modularization services; shipbuilding services; site civil works, including earthworks, reinforcing steel works, formworks, detailed civil works, concrete placement, and backfill and compaction to final handover services; and reinforced concrete products comprising prestressed beams, parapets, structural foundations, caissons, floor slabs and retaining walls, suspended slab sections, purpose-built facilities, and breakwater systems. In addition, the company undertakes structural, mechanical, and piping works consisting of structural erection, mechanical installations and alignments, piping installation and pre-commissioning support, site welding, equipment, tanks, and equipment; and provides electrical, instrumentation, and control services, such as electrical infrastructure works, including substations, switch rooms, switchyards, and site reticulation, as well as electrical maintenance services. Further, it offers industrial insulation services, including sheet metal and light gauge fabrication, fireproofing, site installation, and processing and forming technology; onshore and offshore maintenance services; and support services, such as surface treatment, scaffolds, rope access, tension netting, and fabricated platforms, as well as executes refractory projects; supplies labor; and operates as a registered training organization. The company was formerly known as Civmec Australia Limited and changed its name to Civmec Limited in September 2024. Civmec Limited was founded in 2009 and is based in Henderson, Australia.
Stock analysis
Civmec Ltd (CVL) currently trades at A$1.72, while our model-based Fair Value estimate is A$1.68, so the stock looks roughly fairly valued today (gap 2.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of A$2.84 per share, and 9 of the 17 models we run sit above the A$1.72 price.
Bear case: the Dividend Discount group reads lowest at A$0.7700, and 8 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: A$0.9800 (bear) to A$2.68 (bull), the price of A$1.72 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Civmec Ltd reported revenue of A$903M in FY2026 versus A$811M in FY2022, a compound +2.7%/yr. Reported net income was A$52.1M in FY2026, compounding +0.6%/yr from FY2022.
Key figures
Market cap A$892M (≈ $620M) · P/E ratio 17.1 · P/S ratio 0.99 · EPS (TTM) A$0.1002 · Dividend yield 3.5% · Net margin 5.8% · Return on equity 9.3% · Return on assets (EBIT) 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −2%, CVL screens cheaper than that median.
Fair Value models
Bear A$0.9800Fair Value A$1.68Bull A$2.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then (A$0.0104 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Start year 2021 (pandemic). Over 10 years: +8.6% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.7% vs 11.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 789 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−27.6% · Below median
Profitability
Return on equity (TTM)9.3% · Above median
Return on assets4.4% · Above median
Net margin (TTM)5.8% · Above median
Operating margin (TTM)8.3% · Above median
Growth and dividend
Revenue growth69.8% · Top 25%
Dividend yield (TTM)3.5% · Above median
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)17.1× · Cheaper than median
P/B1.51× · Pricier than median
P/S (TTM)0.99× · Pricier than median
EV/EBITDA9.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 20
PAST (return on equity)37· sector 28
HEALTH (low debt)95· sector 94
DIVIDEND (yield)70· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Civmec Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CVL
Frequently asked questions
Is Civmec Ltd (CVL) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of A$1.68 versus a price of A$1.72, about −2% upside (fairly valued).
What is the fair value of CVL?
Our model-based fair value for Civmec Ltd is A$1.68 (as of Oct 3, 2026), built from audited fundamentals. The current price: A$1.72.
What is the quality score of CVL?
Civmec Ltd has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Civmec Ltd (CVL)?
Our model-based price target is the fair value of A$1.68 (as of Oct 3, 2026) from 17 valuation models. Cautious scenario A$0.9800, optimistic scenario A$2.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Civmec Ltd stock forecast for 2026?
Our models put fair value at A$1.68, about −2% upside versus a price of A$1.72 (fairly valued). Cautious scenario A$0.9800, optimistic scenario A$2.68. The calculation is refreshed regularly with new filings.
What is the revenue of Civmec Ltd (CVL)?
Civmec Ltd reported trailing-twelve-month revenue of about A$903M (latest available figure, as of Oct 3, 2026).
Does Civmec Ltd pay a dividend?
Civmec Ltd currently shows a dividend yield of about 3.50% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Civmec Ltd (CVL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Civmec Ltd it is A$1.68 per share (as of Oct 3, 2026), against a price of A$1.72. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Civmec Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, CVL trades above its calculated fair value: price A$1.72, fair value A$1.68, a gap of about −2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CVL?
No. The price is what the market pays today (A$1.72); the fair value is what the company's own numbers justify (A$1.68). For Civmec Ltd the two are A$0.0350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Civmec Ltd worth?
The market values Civmec Ltd at about A$892M (market capitalisation, as of Oct 3, 2026). Per share that is A$1.72; our models calculate a fair value of A$1.68 per share.
What do the bullish and bearish scenarios say about CVL?
Our models span a range for Civmec Ltd: cautious scenario A$0.9800, base A$1.68, optimistic A$2.68 per share (as of Oct 3, 2026, price A$1.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CVL?
Civmec Ltd trades at a price-to-earnings ratio of 17.1 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.68 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.0, EV/EBITDA 9.2.
How solid is the balance sheet of Civmec Ltd (CVL)?
Balance-sheet figures for Civmec Ltd (as of Oct 3, 2026): return on equity 9.3%, debt of 0.10 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is CVL from its 52-week high?
Civmec Ltd trades at A$1.72, about 14% below its 52-week high of A$2.00 and 30% above the low of A$1.32 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.68 is for.
Which stocks are comparable to Civmec Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Civmec Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price A$1.72, calculated fair value A$1.68 (−2%), Quality Score 45/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CVL calculated?
We run Civmec Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$1.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Civmec Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Civmec Ltd (CVL)?
The closing price on Oct 2, 2026 was A$1.72. Our model-based fair value is A$1.68, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Civmec Ltd right now?
The model range is unusually wide (A$0.9800 to A$2.68). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Civmec Ltd (CVL) come from?
Earnings per share at Civmec Ltd grew +11.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.9 %, EBIT margin +5.1 %, tax rate −1.7 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Civmec Ltd
How large is the market capitalisation of Civmec Ltd (CVL)?
The market capitalisation of Civmec Ltd is A$892M (≈ $620M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Civmec Ltd (CVL)?
The price-to-sales ratio of Civmec Ltd is 0.99 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Civmec Ltd (CVL)?
Earnings per share at Civmec Ltd are A$0.1002 (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Civmec Ltd (CVL)?
The dividend yield of Civmec Ltd is 3.5% (payout 59.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Civmec Ltd (CVL)?
The net margin of Civmec Ltd is 5.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Civmec Ltd (CVL)?
The return on equity (ROE) of Civmec Ltd is 9.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Civmec Ltd (CVL)?
On an EBIT basis the return on assets of Civmec Ltd is 8.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Civmec Ltd (CVL)?
The operating margin of Civmec Ltd is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Civmec Ltd (CVL)?
Revenue at Civmec Ltd is growing +69.8% versus a year earlier (3y avg +2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Civmec Ltd (CVL)?
Earnings per share at Civmec Ltd are growing +89.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Civmec Ltd (CVL) generate?
The free cash flow of Civmec Ltd is −A$28.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Civmec Ltd (CVL) carry?
The net debt of Civmec Ltd is A$71.7M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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