Korvest Share Price and Company Fundamentals



Price
$4.64
Change
-0.110 (-2.316%)
52 week
3.5 - 5.24

Last traded: Today at 12:24 AM

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.

Key Metrics

PE ratio

11.21

PB ratio

1.53

Dividend yield

5.89%

Beta

0.74

Market cap

$52.63M

Enterprise value

$47.61M

Company profile

Primary activitiesHot dip galvanising, cable and pipe supports, access systems for large mobile equipment
Industry / SectorMetal Fabrication / Industrials
Full time employees189
Websitehttp://www.korvest.com.au
Mailing address580 Prospect Road Kilburn SA 5084 Australia
Phone / Fax61 8 8360 4500 / 61 8 8360 4599
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Dividends

More: Korvest Dividend history, yield and payout ratio

Dividend yield

5.89%

Dividend amount

$0.28

Payout ratio

67.63%

5Y Avg. yield

6.36%

Korvest paid $0.28 dividend and the ex-dividend date was 18 Feb 2021.The dividend payout ratio is 67.63%. 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 $0.3 and the forward dividend yield is 6.83%. 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.

Company Executives

As of May 2021, following are the company executives and directors listed on Korvest.

NameTitleAgeTotal Pay
Mr. Chris A. Hartwig B.A., M.A.I.C.D.MD & Director49491.22k
Mr. Steven John William McGregor A.C.I.S., B.A., F.C.A., BA(Acc), CA, AGIA, ACISFin. Director, Company Sec. & Exec. Director49364.45k
Mr. Gavin ChristieGen. Mang. of Operations243.71k
Mr. Stephen TaubitzGen. Mang. of Sales - EzyStrut305.72k

Profitability and management effectiveness

Profit margin

7.57%

Operating margin

11.07%

Return on assets

9.11%

Return on equity

14.36%

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 52.63M and its enterprise value is 47.61M. The enterprise value to revenue ratio of KOV is 0.76.

The KOV's stocks Beta value is 0.74 making it 26% 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)

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 $4.64.

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 http://www.korvest.com.au.

5. Which share registry manages Korvest's stock?

Korvest's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.