NasdaqGS:CVGI

Stock Analysis Report

Executive Summary

Commercial Vehicle Group, Inc., together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions.

Snowflake

Fundamentals

Undervalued with solid track record.


Similar Companies

Share Price & News

How has Commercial Vehicle Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.1%

CVGI

2.5%

US Machinery

0.5%

US Market


1 Year Return

5.3%

CVGI

8.6%

US Machinery

6.8%

US Market

Return vs Industry: CVGI underperformed the US Machinery industry which returned 8.6% over the past year.

Return vs Market: CVGI underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

CVGIIndustryMarket
7 Day4.1%2.5%0.5%
30 Day-1.7%1.6%-0.8%
90 Day-2.6%-0.6%-0.9%
1 Year5.3%5.3%10.9%8.6%9.2%6.8%
3 Year41.1%41.1%49.9%40.2%45.6%36.2%
5 Year27.5%27.5%57.8%38.6%63.2%45.4%

Price Volatility Vs. Market

How volatile is Commercial Vehicle Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Commercial Vehicle Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVGI ($7.52) is trading below our estimate of fair value ($76.38)

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 (5.8x) compared to the Machinery industry average (20.1x).

PE vs Market: CVGI is good value based on its PE Ratio (5.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: CVGI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CVGI is good value based on its PB Ratio (1.7x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is Commercial Vehicle Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVGI's earnings are forecast to decline over the next 3 years (-13.7% per year).

Earnings vs Market: CVGI's earnings are forecast to decline over the next 3 years (-13.7% per year).

High Growth Earnings: CVGI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CVGI's revenue is expected to decline over the next 3 years (-3.8% per year).

High Growth Revenue: CVGI's revenue is forecast to decline over the next 3 years (-3.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CVGI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Commercial Vehicle Group performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CVGI has become profitable over the past 5 years, growing earnings by 46% per year.

Accelerating Growth: CVGI's earnings growth over the past year (93.2%) exceeds its 5-year average (46% per year).

Earnings vs Industry: CVGI earnings growth over the past year (93.2%) exceeded the Machinery industry 17.5%.


Return on Equity

High ROE: Whilst CVGI's Return on Equity (29.14%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: CVGI has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: CVGI has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Commercial Vehicle Group's financial position?


Financial Position Analysis

Short Term Liabilities: CVGI's short term assets ($333.7M) exceeds its short term liabilities ($136.3M)

Long Term Liabilities: CVGI's short term assets (333.7M) exceeds its long term liabilities (187.5M)


Debt to Equity History and Analysis

Debt Level: CVGI's debt to equity ratio (116.5%) is considered high

Reducing Debt: CVGI's debt to equity ratio has reduced from 390.7% to 116.5% over the past 5 years.

Debt Coverage: CVGI's debt is well covered by operating cash flow (30.6%).

Interest Coverage: CVGI's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet

Inventory Level: CVGI has a high level of physical assets or inventory.

Debt Coverage by Assets: CVGI's debt is covered by short term assets (assets are 2.098210x debt).


Next Steps

Dividend

What is Commercial Vehicle Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CVGI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CVGI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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.


Next Steps

Management

What is the CEO of Commercial Vehicle Group's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Pat Miller (51yo)

3.9yrs

Tenure

US$2,012,180

Compensation

Mr. Patrick E. Miller, also known as Pat, has been the Chief Executive Officer and President of Commercial Vehicle Group, Inc. since November 20, 2015. Mr. Miller served as the President of Global Truck &  ...


CEO Compensation Analysis

Compensation vs. Market: Pat's total compensation ($USD2.01M) is about average for companies of similar size in the US market ($USD1.16M).

Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

56yo

Average Age

Experienced Management: CVGI's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

59yo

Average Age

Experienced Board: CVGI's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Pat Miller (51yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$2.01m
  • Rich Tajer

    Senior VP & MD of Global Wire Harness Group

    • Tenure: 0.8yrs
  • Tim Trenary (62yo)

    Executive VP & CFO

    • Tenure: 6yrs
    • Compensation: US$1.27m
  • Laura Macias

    Chief Human Resources & Public Affairs Officer and VP of Human Resources

    • Tenure: 0yrs
  • Stacie Fleming (40yo)

    Chief Accounting Officer

    • Tenure: 5.4yrs
  • Dale McKillop (61yo)

    Senior VP and MD of Global Trim

    • Tenure: 3.7yrs
    • Compensation: US$553.49k
  • Aneezal Mohamed

    General Counsel

    • Tenure: 2.7yrs
  • Jack Feng

    Vice President of Operational Excellence

    • Tenure: 0yrs
  • Doug Bowen

    Senior VP and MD of Global Construction

    • Tenure: 2.3yrs
  • Kirk Feiler

    Vice President of Corporate Development & Investor Relations

    • Tenure: 0yrs

Board Members

  • Roger Fix (66yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$168.75k
  • Harold Bevis (59yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$160.00k
  • Wayne Rancourt (56yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$163.75k
  • Pat Miller (51yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$2.01m
  • Robert Griffin (71yo)

    Independent Chairman of the Board

    • Tenure: 0.2yrs
    • Compensation: US$175.00k
  • Janice Stipp (59yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

Commercial Vehicle Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Commercial Vehicle Group, Inc.
  • Ticker: CVGI
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$235.584m
  • Shares outstanding: 31.33m
  • Website: https://cvgrp.com

Number of Employees


Location

  • Commercial Vehicle Group, Inc.
  • 7800 Walton Parkway
  • New Albany
  • Ohio
  • 43054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVGINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2004
FDUDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2004

Biography

Commercial Vehicle Group, Inc., together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:57
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.