Korvest Ltd chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 8.67
Dividend & Yield0.70$ (9.67%)
Beta 0.77
Market capitalization 83.68M
Operating cash flow 3.99M
ESG Scores unknown

Company description

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.

Sector: Industrials - Industry: Metal Fabrication

Financial data

Financial Statements

Cashflow Statement 2019-06-30 2020-06-30 2021-06-30 2022-06-30
Change To Liabilities 1.29M 16k 2.77M 1.11M
Total Cashflows From Investing Activities -1.62M -3.17M -2.31M -1.18M
Net Borrowings -795k -795k -804k -783k
Total Cash From Financing Activities -1.79M -3.94M -3.98M -5.94M
Change To Operating Activities 13k 101k 402k 356k
Issuance Of Stock
Net Income 2.88M 4.03M 6.05M 11.34M
Change In Cash -1.99M 3.34M 220k -3.13M
Effect Of Exchange Rate
Total Cash From Operating Activities 1.41M 10.46M 6.51M 3.99M
Depreciation 1.47M 2.17M 2.31M 2.16M
Change To Account Receivables -4.13M 3.26M -3.97M -2.84M
Other Cashflows From Financing Activities -3k -1k -2k -4k
Change To Netincome 118k 909k 266k -378k
Capital Expenditures -1.64M -3.2M -2.33M -2.11M

Income Statement 2019-06-30 2020-06-30 2021-06-30 2022-06-30
Research Development
Income Before Tax 4.13M 5.8M 8.77M 15.86M
Net Income 2.88M 4.03M 6.05M 11.34M
Selling General Administrative 19.24M 19.5M 18.37M 20.8M
Gross Profit 23.32M 24.99M 25.5M 36.03M
Ebit 4.07M 4.78M 7.16M 15.19M
Operating Income 4.07M 4.78M 7.16M 15.19M
Interest Expense -120k -120k -127k -161k
Income Tax Expense 1.25M 1.78M 2.71M 4.52M
Total Revenue 60.85M 63.09M 69.79M 99.24M
Cost Of Revenue 37.53M 38.1M 44.28M 63.22M
Total Other Income ExpenseNet 62k 1.02M 1.6M 667k
Net Income From Continuing Ops 2.88M 4.03M 6.05M 11.34M
Net Income Applicable To Common Shares 2.88M 4.03M 6.05M 11.34M

Balance Sheet Statement 2019-06-30 2020-06-30 2021-06-30 2022-06-30
Total Liabilities 10.37M 15.63M 20.6M 22.09M
Total Stockholder Equity 30.92M 32.65M 35.92M 43.83M
Other Current Liabilities 3.59M 3.74M 4.79M 5.66M
Total Assets 41.29M 48.28M 56.52M 65.91M
Common Stock 14.14M 14.2M 14.27M 14.33M
Other Current Assets
Retained Earnings 12.74M 13.62M 16.51M 22.69M
Treasury Stock 4.04M 4.83M 5.15M 6.8M
Cash 3.13M 6.47M 6.69M 3.56M
Total Current Liabilities 9.34M 10.17M 13.44M 14.74M
Other Stockholder Equity 4.04M 4.83M 5.15M 6.8M
Property, Plant, and Equipment 13.03M 20.51M 22.66M 24.44M
Total Current Assets 28.26M 27.77M 33.87M 41.47M
Net Tangible Assets 30.92M 32.65M 35.92M 43.83M
Net Receivables 14.08M 10.11M 14.15M 16.87M
Accounts Payable 3.28M 3.02M 4.94M 5.15M


Insider Transactions

Here are the insider transactions of stock shares related to Korvest Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Hartwig (Chris A)D2022-07-25Managing Director28.07k
McGregor (Steven John William)D2022-07-25Chief Financial Officer26.9k
Christie (Gavin)D2022-06-30General Manager19.33k
Taubitz (Stephen)D2022-06-30General Manager19.98k
Stobart (Andrew William)Purchase at price 4.90 per share.D2022-06-15Director (Non-Executive)2.5k
Stobart (Andrew William)Purchase at price 4.81 per share.D2021-10-21Director (Non-Executive)5k
Ryan (Therese)Purchase at price 4.84 per share.D2021-10-19Independent Non-Executive Director3k
Hartwig (Chris A)D2021-07-23Managing Director31.64k
McGregor (Steven John William)D2021-07-23Chief Financial Officer30.32k
Christie (Gavin)D2021-06-30General Manager9.73k
Taubitz (Stephen)D2021-06-30Divisional Officer229
Francis (Gary Nigel)Purchase at price 3.20 per share.D2021-03-17Director (Independent)2.68k
Billings (Graeme Ambery)Purchase at price 3.39 per share.D2020-07-30Chairman of the Board3k
Hartwig (Chris A)D2020-07-27Managing Director14k
McGregor (Steven John William)D2020-07-27Chief Financial Officer14.65k
Christie (Gavin)D2020-06-30General Manager5.9k
Stobart (Andrew William)Purchase at price 2.53 per share.D2020-03-03Director (Non-Executive)3k
Hartwig (Chris A)D2019-07-29Managing Director10.3k
McGregor (Steven John William)D2019-07-29Chief Financial Officer12.77k
Christie (Gavin)D2019-06-30General Manager394
Stobart (Andrew William)Purchase at price 1.78 per share.D2018-10-12Director (Non-Executive)5k
Hartwig (Chris A)Purchase at price 1.96 per share.D2018-08-08Managing Director6.1k
Billings (Graeme Ambery)Purchase at price 1.92 per share.D2018-08-01Chairman of the Board8k
Assaf (Paul)D2018-06-30Divisional Officer464
Christie (Gavin)D2018-06-30General Manager464
Hartwig (Chris A)D2018-02-28Managing Director10.23k
Kachellek (Alexander Henrik Wilhelm)D2017-09-29Former37k
Assaf (Paul)D2017-06-30Divisional Officer393
Christie (Gavin)D2017-06-30General Manager393
Hartwig (Chris A)D2017-06-30Divisional Officer916
Billings (Graeme Ambery)Acquisition at price 1.88 per share.D2017-03-10Chairman of the Board25
Francis (Gary Nigel)Acquisition at price 1.88 per share.D2017-03-10Director (Independent)242
Kachellek (Alexander Henrik Wilhelm)Acquisition at price 1.88 per share.D2017-03-10Managing Director675
McGregor (Steven John William)Acquisition at price 1.88 per share.D2017-03-10Chief Financial Officer1.24k
Stobart (Andrew William)Purchase at price 2.04 per share.D2017-02-20Director (Non-Executive)500
Brodribb (Peter)D2016-07-28Retired20.32k
Assaf (Paul)D2016-06-30Divisional Officer378
Evans (S W)D2016-06-30Former4.7k
Hartwig (Chris A)D2016-06-30Divisional Officer1.41k
Billings (Graeme Ambery)Acquisition at price 1.51 per share.D2016-03-11Chairman of the Board30
Brodribb (Peter)Acquisition at price 1.51 per share.D2016-03-11Director (Non-Executive)967
Francis (Gary Nigel)Acquisition at price 1.51 per share.D2016-03-11Director (Independent)287
Kachellek (Alexander Henrik Wilhelm)Acquisition at price 1.51 per share.D2016-03-11Managing Director801
McGregor (Steven John William)Acquisition at price 1.51 per share.D2016-03-11Chief Financial Officer1.46k
Billings (Graeme Ambery)Acquisition at price 2.20 per share.D2015-09-04Chairman of the Board22
Brodribb (Peter)Acquisition at price 2.20 per share.D2015-09-04Director (Non-Executive)701
Francis (Gary Nigel)Acquisition at price 2.20 per share.D2015-09-04Director (Independent)208
Kachellek (Alexander Henrik Wilhelm)Acquisition at price 2.20 per share.D2015-09-04Managing Director1.92k
McGregor (Steven John William)Acquisition at price 2.20 per share.D2015-09-04Chief Financial Officer1.06k
Assaf (Paul)D2015-06-30Divisional Officer207
Evans (S W)D2015-06-30Other Executive4.18k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Korvest Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Korvest Ltd

Here is the result of two systematic investment strategies applied to Korvest Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Korvest Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to Korvest Ltd:

Korvest Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 75.11% on the backtest period.

Performance at glance

Performance

75.11 %

Latent gain

1692.14 $

Invested capital

2253.01 $

Annualized return

18.23 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Korvest Ltd

This is the result of two momentum investment strategies applied to Korvest Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Korvest Ltd

The following chart shows all the entries opened by the momentum investment system on Korvest Ltd:

Korvest Ltd momentum entries
  • The first momentum investment strategy would give 83.52% of return on Korvest Ltd. That represents 4807.41$ of latent gain with 5755.89$ of employed capital.
  • The second momentum investment strategy would give 75.88% of return on Korvest Ltd. That represents 2848.91$ of latent gain with 3754.39$ of employed capital.
Performance at glance (1Q Momentum)

Performance

83.52 %

Latent gain

4807.41 $

Invested capital

5755.89 $

Annualized return

24.17 %
Performance at glance (2Q Momentum)

Performance

75.88 %

Latent gain

2848.91 $

Invested capital

3754.39 $

Annualized return

20.85 %

Momentum equity curve on Korvest Ltd

The following chart shows the equity curve of the two momentum strategies applied to Korvest Ltd:

Korvest Ltd momentum equity

Note: the dividends potentially given by Korvest Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Korvest Ltd

The following chart shows the employed capital evolution of the two momentum strategies on Korvest Ltd since the beginning:

Korvest Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Korvest Ltd

Buy the dip entry openings on Korvest Ltd

Korvest Ltd

The performance achieved by the robo-advisor on Korvest Ltd is 51.24%. That represents 511.52$ of latent gain with 998.23$ of employed capital. The following chart shows Korvest Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Korvest Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

51.24 %

Latent gain

511.52 $

Invested capital

998.23 $

Annualized return

24.17 %

Equity curve of the strategy applied to Korvest Ltd

The following chart shows the result of the investment strategy applied to Korvest Ltd:

Korvest Ltd

Note: the dividends potentially given by Korvest Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Korvest Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on Korvest Ltd:

Korvest Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Korvest Ltd

In this section, I will compare the three previous investment strategies applied to Korvest Ltd.

Equity curve comparison on Korvest Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Korvest Ltd investment strategy comparison

Employed capital comparison on Korvest Ltd

Korvest Ltd investment comparison

Performance comparison on Korvest Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 75.11% 1692.14$ 2253.01$ 18.23%
Momentum 1 quarter 83.52% 4807.41$ 5755.89$ 21.53%
Momentum 2 quarters 75.88% 2848.91$ 3754.39$ 20.85%
Non-directional 51.24% 511.52$ 998.23$ 24.17%
Annualized return comparison

Automatic investment

18.23 %

Momentum 1Q

20.85 %

Momentum 2Q

20.85 %

Non-directional

24.17 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Korvest Ltd:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Korvest Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of Korvest Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Korvest Ltd
Country Australia
City Kilburn
Address 580 Prospect Road
Phone 61 8 8360 4500
Website www.korvest.com.au
FullTime employees 215
Industry Metal Fabrication
Sector Industrials
Exchange XASX
Ticker KOV.XASX
Market www2.asx.com.au

Korvest Ltd ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown