CVGI Stock Overview
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies to the global vehicle and the U.S.
Commercial Vehicle Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.48|
|52 Week High||US$13.61|
|52 Week Low||US$7.14|
|1 Month Change||-18.30%|
|3 Month Change||-15.96%|
|1 Year Change||17.94%|
|3 Year Change||35.03%|
|5 Year Change||53.07%|
|Change since IPO||-35.27%|
Recent News & Updates
Commercial Vehicle Group, Inc. Executing Well On Its Transformation Plan
CVG has continued to beat sell-side revenue and EBITDA expectations, as the company benefits from strong commercial vehicle production volumes (trucks and off-road) and strong warehouse automation demand. Management warned of some near-term slowdowns in the warehouse business, and the commercial vehicle business is still a highly cyclical business likely heading toward a 2022 peak. Automation and commercial EVs create significant long-term revenue and margin opportunities, but timing, competition, and margins are all still relevant risk factors. Long-term revenue growth of around 6% and mid-single-digit FCF margins can support a near-term share price of $15, and there's room for management to exceed those targets (and disappoint as well).
Is Commercial Vehicle Group (NASDAQ:CVGI) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Commercial Vehicle Group's (NASDAQ:CVGI) Strong Earnings Are Of Good Quality
Even though Commercial Vehicle Group, Inc.'s ( NASDAQ:CVGI ) recent earnings release was robust, the market didn't seem...
|CVGI||US Machinery||US Market|
Return vs Industry: CVGI matched the US Machinery industry which returned 17.6% over the past year.
Return vs Market: CVGI underperformed the US Market which returned 19.4% over the past year.
|CVGI Average Weekly Movement||6.0%|
|Machinery Industry Average Movement||4.8%|
|Market Average Movement||6.1%|
|10% most volatile stocks in US Market||14.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: CVGI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CVGI's weekly volatility (6%) has been stable over the past year.
About the Company
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies to the global vehicle and the U.S. technology integrator markets in North America, Europe, and the Asia-Pacific regions. It operates in two segments, Electrical Systems and Global Seating. The Electrical Systems segment offers electrical wire harness assemblies that function as current carrying devices in providing electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial and other vehicles; and panel assemblies.
Commercial Vehicle Group Fundamentals Summary
|CVGI fundamental statistics|
Is CVGI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVGI income statement (TTM)|
|Cost of Revenue||US$838.40m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.51|
|Net Profit Margin||1.77%|
How did CVGI perform over the long term?See historical performance and comparison
Is Commercial Vehicle Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVGI ($8.48) is trading below our estimate of fair value ($39.56)
Significantly Below Fair Value: CVGI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVGI is good value based on its PE Ratio (16.5x) compared to the US Machinery industry average (29.6x).
PE vs Market: CVGI is good value based on its PE Ratio (16.5x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: CVGI is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CVGI is good value based on its PB Ratio (2.3x) compared to the US Machinery industry average (2.8x).
How is Commercial Vehicle Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVGI's forecast earnings growth (39.2% per year) is above the savings rate (2%).
Earnings vs Market: CVGI's earnings (39.2% per year) are forecast to grow faster than the US market (14.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CVGI's revenue (5.8% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: CVGI's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVGI's Return on Equity is forecast to be high in 3 years time (27.3%)
How has Commercial Vehicle Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVGI has a high level of non-cash earnings.
Growing Profit Margin: CVGI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CVGI's earnings have declined by 19.4% per year over the past 5 years.
Accelerating Growth: CVGI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CVGI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (32%).
Return on Equity
High ROE: CVGI's Return on Equity (14.1%) is considered low.
How is Commercial Vehicle Group's financial position?
Financial Position Analysis
Short Term Liabilities: CVGI's short term assets ($392.1M) exceed its short term liabilities ($199.6M).
Long Term Liabilities: CVGI's short term assets ($392.1M) exceed its long term liabilities ($209.0M).
Debt to Equity History and Analysis
Debt Level: CVGI's net debt to equity ratio (121%) is considered high.
Reducing Debt: CVGI's debt to equity ratio has reduced from 310.9% to 148.9% over the past 5 years.
Debt Coverage: CVGI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CVGI's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is Commercial Vehicle Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVGI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVGI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVGI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVGI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVGI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Harold Bevis (61 yo)
Mr. Harold C. Bevis serves as President & Chief Executive Officer of Commercial Vehicle Group, Inc. since March 23, 2020. He has been Director of Commercial Vehicle Group, Inc. since June 2014. He served a...
CEO Compensation Analysis
Compensation vs Market: Harold's total compensation ($USD2.46M) is above average for companies of similar size in the US market ($USD1.15M).
Compensation vs Earnings: Harold's compensation has been consistent with company performance over the past year.
Experienced Management: CVGI's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: CVGI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Commercial Vehicle Group, Inc.'s employee growth, exchange listings and data sources
- Name: Commercial Vehicle Group, Inc.
- Ticker: CVGI
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: US$272.732m
- Shares outstanding: 32.98m
- Website: https://cvgrp.com
Number of Employees
- Commercial Vehicle Group, Inc.
- 7800 Walton Parkway
- New Albany
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/02 23:39|
|End of Day Share Price||2021/12/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.