NasdaqGS:CVGI

Stock Analysis Report

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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. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.


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

Stable Share Price: CVGI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

CVGI

-0.08%

US Machinery

-1.4%

US Market


1 Year Return

-23.1%

CVGI

13.7%

US Machinery

17.8%

US Market

Return vs Industry: CVGI underperformed the US Machinery industry which returned 13.7% over the past year.

Return vs Market: CVGI underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CVGIIndustryMarket
7 Day-5.0%-0.08%-1.4%
30 Day18.0%8.1%4.7%
90 Day151.5%13.7%8.2%
1 Year-23.1%-23.1%16.7%13.7%20.5%17.8%
3 Year-26.9%-26.9%24.1%15.1%42.2%32.7%
5 Year43.8%43.8%105.7%82.7%83.4%62.7%

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?

2.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CVGI ($5.91) is trading above our estimate of fair value ($2.21)

Significantly Below Fair Value: CVGI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CVGI is unprofitable, so we can't compare its PE Ratio to the US Machinery industry average.

PE vs Market: CVGI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVGI is good value based on its PB Ratio (2.1x) compared to the US Machinery industry average (2.4x).


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?

125.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVGI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CVGI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CVGI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CVGI's revenue (11.6% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: CVGI's revenue (11.6% per year) is forecast to grow slower than 20% 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?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVGI is currently unprofitable.

Growing Profit Margin: CVGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVGI is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.

Accelerating Growth: Unable to compare CVGI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVGI is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-13.1%).


Return on Equity

High ROE: CVGI has a negative Return on Equity (-42.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is Commercial Vehicle Group's financial position?


Financial Position Analysis

Short Term Liabilities: CVGI's short term assets ($250.6M) exceed its short term liabilities ($117.4M).

Long Term Liabilities: CVGI's short term assets ($250.6M) exceed its long term liabilities ($195.7M).


Debt to Equity History and Analysis

Debt Level: CVGI's debt to equity ratio (195.8%) is considered high.

Reducing Debt: CVGI's debt to equity ratio has reduced from 388.2% to 195.8% over the past 5 years.

Debt Coverage: CVGI's debt is well covered by operating cash flow (28.2%).

Interest Coverage: CVGI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Harold Bevis (60 yo)

0.58

Tenure

US$162,792

Compensation

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Harold Bevis
President0.58yrUS$162.79k0.81%
$ 1.6m
Douglas Bowen
Senior VP & MD of Global Seating Segment3.33yrsUS$351.60k0.45%
$ 875.3k
Edmund Carney
Treasurer0.33yrno datano data
Jack Feng
Vice President of Operational Excellenceno datano datano data
Aneezal Mohamed
General Counsel3.67yrsno datano data
Laura Macias
Chief Human Resources & Public Affairs Officer and VP of Human Resourcesno datano datano data
Richard Tajer
Senior VP & MD of Global Wire Harness Group1.75yrsno datano data

1.8yrs

Average Tenure

60yo

Average Age

Experienced Management: CVGI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Harold Bevis
President0.58yrUS$162.79k0.81%
$ 1.6m
Roger Fix
Independent Director6.33yrsUS$170.00k0.38%
$ 726.7k
Wayne Rancourt
Independent Director4.25yrsUS$170.29k0.25%
$ 491.8k
Robert Griffin
Independent Chairman of the Board1.17yrsUS$189.89k0.39%
$ 746.6k
Janice Stipp
Independent Director1.67yrsUS$160.00k0.16%
$ 313.7k
James Ray
Independent Director0.58yrno data0.13%
$ 249.1k

3.0yrs

Average Tenure

60yo

Average Age

Experienced Board: CVGI's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.2%.


Top Shareholders

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$192.932m
  • Shares outstanding: 32.65m
  • 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 Analysis2020/10/22 00:59
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.