What is Civeo Corp worth?
With the base-case assumptions below, a discounted cash flow model on Civeo Corp's reported free cash flow gives -$11.92 per share. The share price was $32.47 on September 25, 2026, 372% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -1.0% | 10.0% | -$13.04 | -140% |
| Base | 4.0% | 9.0% | -$11.92 | -137% |
| Bull | 9.0% | 8.0% | -$9.82 | -130% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$11.12 | -$10.87 | -$10.58 | -$10.21 | -$9.73 |
| 8.0% | -$11.71 | -$11.55 | -$11.37 | -$11.15 | -$10.87 |
| 9.0% | -$12.15 | -$12.04 | -$11.92 | -$11.77 | -$11.60 |
| 10.0% | -$12.48 | -$12.40 | -$12.32 | -$12.22 | -$12.10 |
| 11.0% | -$12.74 | -$12.69 | -$12.62 | -$12.55 | -$12.47 |
Where the presets come from
Base: years 1 to 5 grow at Civeo Corp's revenue growth rate over the last 5 fiscal years (3.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions