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CIVMEC LIMITED (P9D) Fair Value & Analysis

Industrials · SG · Market cap 871M SGD

CL CIVMEC LIMITED P9D · SG
Price1.69 SGD
Fair Value1.58 SGD
Upside-6.5%
Quality58/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
3.53% dividend yield
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: High Range 1.13 SGD – 1.98 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price +7.6% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 1.13 SGD (bear) to 1.98 SGD (bull), base 1.58 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

1.77 SGD 0.4039 SGD Fair Value 1.58 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.4039 SGD – 1.77 SGD · fair‑value band 1.13 SGD – 1.98 SGD · the 1.69 SGD price screens above the 1.58 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CIVMEC LIMITED (P9D) currently trades at 1.69 SGD, while our model-based Fair Value estimate is 1.58 SGD, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CIVMEC LIMITED generated revenue of 688M SGD at a net margin of 5.5%. Revenue declined 24.3% year over year. It earns a return on equity of 7.3%. Net debt stands at 33.2M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.13 SGD (bear case) to 1.98 SGD (bull case); at 1.69 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -7%, P9D screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 1.13 SGD 1.53 SGD 2.04 SGD 80
Residual Income 0.8200 SGD 0.8500 SGD 0.9000 SGD 76
Rev-Margin DCF 1.14 SGD 1.75 SGD 2.46 SGD 74
All 24 models by family
DCF Models
FCF DCF 1.12 SGD 1.59 SGD 2.22 SGD 38
Owner Earnings 1.18 SGD 1.67 SGD 2.33 SGD 31
5Y Revenue Exit 1.14 SGD 1.75 SGD 2.52 SGD 39
5Y EBITDA Exit 1.36 SGD 2.16 SGD 3.09 SGD 41
5Y P/E Exit 1.20 SGD 1.86 SGD 2.55 SGD 38
10Y Revenue Exit 1.09 SGD 1.61 SGD 2.31 SGD 36
10Y EBITDA Exit 1.25 SGD 1.87 SGD 2.70 SGD 37
10Y P/E Exit 1.15 SGD 1.68 SGD 2.32 SGD 35
Earnings-Based
Graham-Dodd 0.5700 SGD 1.79 SGD 2.38 SGD 54
Lynch FV 0.3900 SGD 0.5600 SGD 0.7300 SGD 50
PEG = 1.0 0.3900 SGD 0.5600 SGD 0.7300 SGD 46
EPV 0.6800 SGD 0.7600 SGD 0.8300 SGD 59
Multiples
P/E Multiple 1.31 SGD 1.75 SGD 2.19 SGD 63
P/S Multiple 1.06 SGD 1.42 SGD 1.77 SGD 58
P/B Multiple 1.06 SGD 1.42 SGD 1.77 SGD 55
EV/EBIT 1.66 SGD 2.19 SGD 2.71 SGD 53
EV/EBITDA 1.70 SGD 2.24 SGD 2.78 SGD 54
EV/Revenue 1.21 SGD 1.69 SGD 2.18 SGD 43
Asset-Based
NCAV (Graham) 0.5200 SGD 0.7000 SGD 1.04 SGD 50
Growth DCF
Growth DCF 1.13 SGD 1.53 SGD 2.04 SGD 80
Rev-Margin DCF 1.14 SGD 1.75 SGD 2.46 SGD 74
Economic Profit
Residual Income 0.8200 SGD 0.8500 SGD 0.9000 SGD 76
ROIC Compounder 0.6800 SGD 0.7600 SGD 0.8300 SGD 72
Growth Earnings
Growth-Adj P/E 1.09 SGD 1.56 SGD 2.03 SGD 68

Widest divergence: Multiples (1.69 SGD) versus Earnings-Based (0.5600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 688M SGD
Revenue growth (YoY) -24.3%
Net margin 5.5%
Return on equity 7.3%
Free cash flow 56.1M SGD FY2025
P/E ratio 24.1
More key figures
Operating margin 8.1%
EPS (TTM) 0.0700 SGD
Dividend yield 3.5%
EPS growth (YoY) -18.4%
Net debt 33.2M SGD FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 60 · Market factors (momentum, volatility) 85

Profitability 38
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CIVMEC LIMITED reported revenue of 811M SGD in FY2025 versus 674M SGD in FY2021, a compound +4.7%/yr. Reported net income was 42.5M SGD in FY2025, compounding +5.2%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
811M SGD
Latest YoY
−21.6%
Avg. growth/yr (3Y) 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.
+0.1%
Avg. growth/yr (5Y) 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.
+15.6%
Avg. growth/yr (11Y) 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.
+5.9%
Revenue +4.7%/yr
FY21 674M SGD
FY22 809M SGD
FY23 831M SGD
FY24 1.0B SGD
FY25 811M SGD
Net income +5.2%/yr
FY21 34.8M SGD
FY22 50.8M SGD
FY23 57.7M SGD
FY24 64.4M SGD
FY25 42.5M SGD

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Cite: Fair Value Calculator (2026). "CIVMEC LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/P9D

Peer Group

Engineering & Construction · 836 stocks

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.

Quality Score 58 · Above median
Fair Value upside −7% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -24% · Bottom 25%
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 24.1× · Pricier than median
P/B 1.28× · Pricier than median
P/S (TTM) 0.99× · Pricier than median
P/FCF 12.2× · Pricier than 75% of peers
EV/EBITDA 8.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 25 · sector 15
FUTURE 0 · sector 14
PAST 29 · sector 26
HEALTH 94 · sector 94
DIVIDEND 71 · sector 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is CIVMEC LIMITED (P9D) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.58 SGD versus a price of 1.69 SGD, about −7% (fairly valued).
What is the fair value of P9D?
Our model-based fair value for CIVMEC LIMITED is 1.58 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.69 SGD.
What is the quality score of P9D?
CIVMEC LIMITED has a Quality Score of 58/100. 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 revenue of CIVMEC LIMITED (P9D)?
CIVMEC LIMITED reported trailing-twelve-month revenue of about 688M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of P9D?
The net profit margin of CIVMEC LIMITED is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does CIVMEC LIMITED pay a dividend?
CIVMEC LIMITED currently shows a dividend yield of about 3.53% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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