Civmec

After reporting record results for the third consecutive year in FY2024 ended June 30, Civmec remains focused on maintaining a “solid bottom line” and margins, says Patrick Tallon, CEO of the company.

The company's total order book is around A$800 million

Civmec is expanding its capacity to better capture a growing volume of contracts

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Given its net cash balance sheet, Ong believes there is still room for the company to raise its payout ratio.

The brokerage identifies maintenance services as Civmec's next growth driver which accounts for around 20% of its revenue.

See what the analysts say this week.

Shifting its domicile to Australia will help Civmec win new contracts with stringent "local content" requirements

Ong expects Civmec to raise FY2024 dividend by 20% to 6 Australian cents, giving a yield of 6.9%

The company says its order book is at A$821 million.