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    Industrials

  3. •

    Manufacturing - Metal Fabrication
Korvest Ltd

Korvest Ltd

KOV.AX
Korvest LtdAU flagAustralian Securities Exchange
19.98
AUD
-0.11
- -
236.42MMarket Cap
Korvest Ltd
KOV.AX
(Australian Securities Exchange)

Recent

price

19.98

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
6.49
7.81
8.35
7.1
8.41
6.01
5.13
4.07
5.13
5.45
5.61
6.17
8.67
9.3
8.82
10.18
Revenue per Share
0.46
0.49
0.72
0.44
0.64
0.14
0.09
-0.14
0.12
0.26
0.36
0.54
0.99
0.97
0.95
1.12
Basic EPS, GAAP
-0.27
-0.24
-0.21
-0.17
-0.22
-0.13
-0.04
-0.07
-0.07
-0.15
-0.28
-0.21
-0.18
-0.16
-0.39
-0.31
Free Cash Flow per Basic Share
0.34
0.26
0.38
0.56
1.46
0.48
0.13
0.18
0.08
0.16
0.28
0.28
0.45
0.6
0.6
0.65
Dividend per Share
3.13
3.36
3.69
0.44
1.45
1.22
1.29
1.13
1.25
1.27
1.26
1.26
3.83
4.24
4.58
1.24
Book Value per Share
3.9
4.34
4.19
3.82
3.97
3.14
3.03
2.65
2.68
2.77
2.9
3.18
3.83
4.24
4.58
5.18
Tangible Book Value per Share
9
9
9
9
9
10
11
11
11
11
11
11
11
12
12
12
Basic Weighted Avg Shares
56
67
72
62
74
63
55
45
57
61
63
70
99
107
103
120
Sales/Revenue/Turnover
8.63
7.04
9.75
5.97
7.96
4.44
-0.77
-8.75
0.43
4.27
4.14
6.95
13.12
12.83
12.16
12.55
Operating Margin (%)
1
1
2
2
2
2
2
2
2
1
2
2
2
2
3
3
Depreciation Expense
4
4
6
4
6
1
1
-2
1
3
4
6
11
11
11
13
Net Income, GAAP
30.56
29.93
29.03
29.91
27.27
47.24
29.21
- -
28.02
30.21
30.63
30.93
28.51
30.47
30.51
30.45
Effective Tax Rate (%)
7.14
6.26
8.57
6.2
7.6
2.31
1.73
-3.53
2.4
4.74
6.38
8.68
11.42
10.4
10.73
11
Profit Margin (%)
26
26
21
17
20
18
19
15
18
19
18
20
27
31
32
36
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
5
5
4
8
9
LT Debt
34
37
36
35
37
33
33
29
30
31
33
36
44
49
53
61
Total Equity
10.04
9.34
13.27
7.05
11.73
4.17
-0.91
- -
0.6
5.9
5.17
8.21
19.74
18.13
14.6
15.36
Return on Invested Capital (%)
15.09
15.17
20.36
21.29
66.75
11.1
6.98
- -
10.4
20.59
24.34
30.69
32.48
21.59
18.85
30.13
Return on Capital (%)
15.09
15.1
20.36
21.37
67.41
11.37
7.13
-12.02
10.4
20.59
28.42
42.53
39.03
24.07
21.55
38.71
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.66%
13.34%
13.79%
Free Cash Flow
27.26%
15.15%
-18.15%
Net Income, GAAP
-18.31%
30.83%
19.13%
Sales/Revenue/Turnover
7.95%
14.61%
16.21%
Total Cash Common Dividend
19.95%
21.57%
9.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
107
2024
- -
- -
- -
- -
103
2025
- -
- -
- -
- -
120

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.97
2024
- -
- -
- -
- -
0.95
2025
- -
- -
- -
- -
1.12

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.6
2024
- -
- -
- -
- -
0.6
2025
- -
- -
- -
- -
0.65
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Business
Korvest Ltd (ASX:KOV), founded in 1970 and headquartered in Kilburn, South Australia, manufactures and supplies cable and pipe support systems, fastening solutions, and galvanising services primarily in Australia. The company operates through two main divisions: the Industrial Products Group, encompassing the EzyStrut business that produces electrical and cable support systems including cable trays, pipe supports, struts, fittings, and access systems such as hydraulic and electric platforms for mobile mining equipment along with high-torque tool sales, hire, and repair; and the Production Group, comprising Korvest Galvanisers that provides hot dip galvanising services and sheet metal fabrication. Korvest serves diverse sectors including infrastructure, utilities, mining, data centres, oil and gas, power stations, food processing, health, commercial construction, petrochemical, communications, civil engineering, water, and energy markets throughout Australia with a network of branches in major cities. Recent developments include the expansion of EzyStrut's vehicle fleet starting in 2023 with new truck acquisitions such as the Hino 500 flatbed EZY005 for Perth metro deliveries and plans for additional vehicles in Adelaide, Melbourne, and Brisbane to support growing operational capacity. In 2023, EzyStrut established a strategic partnership with Spanish firm Basor Electric to broaden its product range tailored for the data centre boom, including projects like eleven new facilities in New South Wales such as the $4 billion Horsley Park development. The company maintains strong financial performance with fully franked dividends, including an interim payout of A$0.25 per share in February 2025 and a final dividend of A$0.40 per share in August 2024, alongside continued investments in branch relocations like the Sydney facility to Bankstown Aerodrome.