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KORVEST LTD (KOV)

KORVEST LTD (KOV)

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General Information
Company Name: Korvest Ltd
Stock Code: KOV
Website: www.korvest.com.au
GICS Sub-Industry: Building Products
Market Cap ($M): 40
Equiv. Shares (M): 9

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 4.600 $ 0.000 $ 0.000 $ 0.000 $ 4.600 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 25th Jul 2008
12 Month Target Price (average): $5.8
Brokers Surveyed: 1

Company Overview

Business Description:
Korvest Ltd (KOV, formerly Korvest Limited) is a South Australia- base manufacturing company with principal activities comprising of hot dip galvanizing, sheet metal fabrication, walkway fabrication, manufacture of cable and pipe support systems and fittings. The Company consists of the Industrial Products Group which includes the EzyStrut and Indax businesses, and the Production Group which includes the Korvest Galvanisers and Korvest Manufacturing businesses.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 4.2 48.6 5.4 8.9 26.0 6.0 100.0
2010  A 4.0 46.1 -30.0 11.3 32.0 6.2 100.0
2009  A 5.7 65.9 19.6 6.2 34.0 8.3 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
GWA Group (GWA) $583 M 0.2962 -0.3047 0.0620 9.2477 13.3012 12.5243 0.0933 0.0933 0.0933
Hills Holdings (HIL) $266 M -0.3901 0.0196 0.0731 10.5986 10.3946 9.6861 0.0926 0.0926 0.0972
Korvest (KOV) $40 M 0.0542 -- -- 9.4650 -- -- 0.0565 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
KOV 0.71 9.46 1.21 -- 0.59
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.92 10.37 1.08 0.49 0.50

Directors
Name Position Start Date
Mr Steven John William McGregor Chief Financial Officer,Company Secretary,Finance Director 01 January 2009
Mr Alexander Henrik Wilhelm Kachellek Managing Director 14 May 2007
Mr Peter William Stancliffe Non-Executive Chairman 01 January 2009
Mr Graham Lloyd Twartz Non-Executive Director 01 November 1999
Mr Peter Brodribb Non-Executive Director 31 December 1984

Management
Name Position
S W Evans General Manager Galvanising
A P Ifkovich General Manager, Indax

Substantial Shareholders
Holding Name
4,210,349 (48.07%) Hills Finance Pty Ltd
527,203 (6.02%) Donald Cant Pty Ltd

Calendar of Events
Date Event
23 January 2013 Report (Interim)
17 September 2012 Report (Annual)
20 August 2012 Report (Annual)
26 July 2012 Report (Prelim)
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