Korvest Share Price and Company Fundamentals
Last traded: Last Friday at 5:55 AM
Korvest Ltd, together with its subsidiaries, engages in the hot dip galvanizing and sheet metal fabrication businesses in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, which include channel, cable trays, cable ladders, cable mesh and ducts, and general and heavy duty pipe clamps and hangers, as well as specialist pipe supports products, other fittings, fasteners, and clamping components under the EzyStrut name. The Production segment provides hot dip galvanizing services. The company is also involved in the manufacture of cable and pipe support systems, and fittings. It serves infrastructure, commercial, utilities, mining, food processing, oil and gas, power stations, health, and industrial sectors. Korvest Ltd was incorporated in 1970 and is based in Kilburn, Australia.
|Primary activities||Hot dip galvanising, cable and pipe supports, access systems for large mobile equipment|
|Industry / Sector||Metal Fabrication / Industrials|
|Full time employees||215|
|Mailing address||580 Prospect Road Kilburn SA 5084 Australia|
|Phone / Fax||61 8 8360 4500 / 61 8 8360 4599|
|Share registry||COMPUTERSHARE INVESTOR SERVICES PTY LIMITED|
5Y Avg. yield
Korvest paid $0.60 dividend and the ex-dividend date was 18 Aug 2022.The dividend payout ratio is 46.06%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.KOV dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
KOV's forward dividend amount is $0.7 and the forward dividend yield is 9.79%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
As of Oct 2022, following are the company executives and directors listed on Korvest.
|Mr. Chris A. Hartwig B.A., M.A.I.C.D.||MD & Exec. Director||50||526.43k|
|Mr. Steven John William McGregor A.C.I.S., ACIS, AGIA, B.A., BA(Acc), CA, F.C.A.||Fin. Director, Company Sec. & Exec. Director||50||390.68k|
|Mr. Gavin Christie||Gen. Mang. of Operations||285.01k|
|Mr. Stephen Taubitz||Gen. Mang. of Sales - EzyStrut||392.81k|
Profitability and management effectiveness
Return on assets
Return on equity
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Korvest is and its enterprise value is .
The KOV's stocks Beta value is 0.83 making it 17% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Korvest (KOV)
- Austal (ASB)
- Cimic Group (CIM)
- Gwa Group (GWA)
- Monadelphous Group (MND)
- Nrw Holdings (NWH)
- Reliance Worldwide Corporation (RWC)
- Service Stream (SSM)
- Seven Group Holdings (SVW)
Korvest (ASX:KOV) Frequently Asked Questions
1. What is Korvest's Stock Symbol?
Korvest trades on ASX under the ticker symbol "KOV".
2. What is Korvest's stock price today?
One share of KOV stock can currently be purchased for approximately $7.15.
3. How can I contact Korvest?
Korvest's mailing address is 580 Prospect Road Kilburn SA 5084 Australia. The company can be reached via phone at 61 8 8360 4500.
4. What is Korvest's official website?
The official website of Korvest is https://www.korvest.com.au.
5. Which share registry manages Korvest's stock?
Korvest's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.