Loading companies…

Civmec Ltd ASX:CVL

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20 Apr 2026 to today

Commentary Showing 2 of 3

DateManagerActionSummary

30 Jun 2026Wilson Asset ManagementHeldWilson Asset Management continues to hold Civmec because the manager believes the founder-led mining services company focused on structural and mechanical engineering is benefiting from a positive infrastructure spending outlook in the resources sector, citing large projects including Iluka Resources' Eneabba rare earths refinery as supportive of results into FY2027 and FY2028. Longer term, Wilson sees Civmec's strategic Henderson precinct positioning the company well to win major defence-related projects, an opportunity the manager believes is not yet reflected in the current share price.

Mining ServicesAnnual Report, price recorded $1.95

The source document link is a Pro feature

30 Jun 2026Perpetual Asset ManagementHeldPerpetual Asset Management continues to hold Civmec because the stock posted a 36.4% quarterly gain, extending its recent rally. Third-quarter FY26 results released on 15 May showed EBITDA growth of 44.4% and earnings-per-share growth of 67.7% year on year, sending the stock 6.47% higher on the day, before it rose further in June on news it had secured the structural, mechanical and piping package at Iluka's Eneabba rare earths refinery project, estimated at more than $300 million, which materially de-risks FY27 earnings and lifts the order book to $1.5 billion. The manager sees significant further growth runway, citing Civmec's exposure to the elevated Western Australian capital investment cycle underpinned by blue-chip mining and energy customers, its position as Australia's leading sovereign naval shipbuilder following full control of the SEA1180 Offshore Patrol Vessel program via the 2025 acquisition of Luerssen Australia, and a founder-operator culture with the Chair and CEO together owning 33% of the equity.

Mining ServicesMonthly Report, price recorded $1.95

The source document link is a Pro feature

1 more comments on CVLPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on CVL.

View Pro

Articles

30 Jun 2026Civmec's Record $1.5bn Order Book Gets a De-Risking Eneabba Win

About Civmec Ltd

Industrials, Construction and Engineering

Civmec (ASX:CVL), a construction and engineering company, has rallied on strong results and defence work. In June 2026, Perpetual reported Civmec continued its rally with a 36% quarterly gain after announcing third-quarter results. Wilson Asset Management described Civmec as a founder-led mining, construction and engineering services company based in Western Australia focused on structural and mechanical engineering. Civmec operates in the Industrials sector within the Construction and Engineering industry, and Thesis Tracker has captured 3 comments from 2 fund managers, Perpetual and Wilson. Founded in 2009 and headquartered in Henderson, Western Australia, Civmec provides fabrication, construction, maintenance and engineering services to the energy, resources, infrastructure, marine and defence sectors, including building offshore patrol vessels for the Royal Australian Navy, and has a large order book from mining and defence projects.

Market cap: $710m
Price to earnings: 19.1x
Return on equity: 9.3%
Dividend yield: 3.2%
Price to book: 1.66x
Net margin: 5.8%
52-week range: $1.32 to $2.08

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Civmec Ltd (ASX:CVL)?

Fund managers including Wilson Asset Management and Perpetual Asset Management have invested in Civmec Ltd (ASX:CVL).

What opportunities or catalysts do fund managers highlight for Civmec Ltd?

Perpetual and Wilson highlight a strong 36% quarterly gain on solid results, founder-led management and a growing order book in mining and defence.

What are the key risks to the Civmec Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Civmec's earnings depend on project timing and margins.

What does Civmec Ltd (ASX:CVL) do?

Civmec Ltd. is a multidisciplinary construction and engineering services provider serving the Energy, Resources, Infrastructure, Marine, and Defence sectors. Founded by James Finbarr Fitzgerald and Patrick John Tallon on June 3, 2010, the company is headquartered in Henderson, Australia. Civmec focuses on sustainable growth to deliver mutually beneficial outcomes for all stakeholders.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…