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 Analysis

Undervalued with adequate balance sheet.


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

-12.3%

CVGI

13.3%

US Machinery

9.9%

US Market


1 Year Return

-79.5%

CVGI

-22.8%

US Machinery

-11.9%

US Market

Return vs Industry: CVGI underperformed the US Machinery industry which returned -22.6% over the past year.

Return vs Market: CVGI underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

CVGIIndustryMarket
7 Day-12.3%13.3%9.9%
30 Day-64.0%-22.1%-15.0%
90 Day-75.1%-31.3%-21.5%
1 Year-79.5%-79.5%-20.7%-22.8%-10.0%-11.9%
3 Year-76.8%-76.8%-3.3%-10.2%12.3%5.1%
5 Year-76.2%-76.2%18.9%3.9%32.5%18.1%

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 ($1.57) is trading below our estimate of fair value ($3.69)

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 (3x) compared to the Machinery industry average (15x).

PE vs Market: CVGI is good value based on its PE Ratio (3x) compared to the US market (13x).


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 (0.4x) compared to the US Machinery industry average (1.5x).


Next Steps

Future Growth

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

-11.3%

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 (-11.3% per year).

Earnings vs Market: CVGI's earnings are forecast to decline over the next 3 years (-11.3% 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 (-4.8% per year).

High Growth Revenue: CVGI's revenue is forecast to decline over the next 3 years (-4.8% 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?

37.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVGI has high quality earnings.

Growing Profit Margin: CVGI's current net profit margins (1.8%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: CVGI's earnings have grown significantly by 37.4% per year over the past 5 years.

Accelerating Growth: CVGI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CVGI had negative earnings growth (-62%) over the past year, making it difficult to compare to the Machinery industry average (-2%).


Return on Equity

High ROE: CVGI's Return on Equity (12.3%) is considered low.


Next Steps

Financial Health

How is Commercial Vehicle Group's financial position?


Financial Position Analysis

Short Term Liabilities: CVGI's short term assets ($256.0M) exceed its short term liabilities ($106.6M).

Long Term Liabilities: CVGI's short term assets ($256.0M) exceed its long term liabilities ($200.5M).


Debt to Equity History and Analysis

Debt Level: CVGI's debt to equity ratio (121.5%) is considered high.

Reducing Debt: CVGI's debt to equity ratio has reduced from 424.8% to 121.5% over the past 5 years.

Debt Coverage: CVGI's debt is well covered by operating cash flow (23.5%).

Interest Coverage: CVGI's interest payments on its debt are not well covered by EBIT (2.5x 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 1.6x debt).


Next Steps

Dividend

What is Commercial Vehicle Group's 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 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.


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?

3.5yrs

Average management tenure


CEO

Harold Bevis (59yo)

no data

Tenure

US$160,004

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  ...


Leadership Team

NamePositionTenureCompensationOwnership
Harold Bevis
Presidentno dataUS$160.00k0.25% $123.2k
C. Trenary
Executive VP & CFO6.42yrsUS$1.27m0.56% $276.9k
Dale McKillop
Senior VP and MD of Global Trim4.08yrsUS$553.49k0.17% $84.5k
Jack Feng
Vice President of Operational Excellenceno datano datano data
Stacie Fleming
Chief Accounting Officer5.83yrsno data0.10% $49.8k
Aneezal Mohamed
General Counsel3yrsno datano data
Laura Macias
Chief Human Resources & Public Affairs Officer and VP of Human Resourcesno datano datano data
Kirk Feiler
Vice President of Corporate Development & Investor Relationsno datano datano data
Douglas Bowen
Senior VP & MD of Global Seating Segment2.75yrsno data0.065% $31.9k
Richard Tajer
Senior VP & MD of Global Wire Harness Group1.17yrsno datano data

3.5yrs

Average Tenure

61yo

Average Age

Experienced Management: CVGI's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harold Bevis
Presidentno dataUS$160.00k0.25% $123.2k
Roger Fix
Independent Director5.75yrsUS$168.75k0.27% $135.0k
Wayne Rancourt
Independent Director3.67yrsUS$163.75k0.15% $72.6k
Robert Griffin
Independent Chairman of the Board0.58yrUS$175.00k0.29% $140.3k
Janice Stipp
Independent Director1yrno data0.051% $25.3k
James Ray
Directorno datano datano data

3.7yrs

Average Tenure

59yo

Average Age

Experienced Board: CVGI's board of directors are considered experienced (3.7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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$49.184m
  • 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. 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 vehicles; and panel assemblies and cabinets. It also offers trim systems and components for the interior of cabs, including vinyl or cloth-covered appliqués, armrests, map pocket compartments, and sound-reducing insulations; instrument panels; headliners/wall panels; storage systems; floor covering systems; sleeper bunks; grab handles and armrests; privacy curtains; and plastics decorating and finishing products. In addition, this segment provides cab structures and sleeper boxes; mirrors, wipers, and controls; and electro-mechanical and cable assembly manufacturing services to customers, including box builds, complex rack and stack assemblies, and multi-cabinet control cabinets with power distribution and cabling. The Global Seating segment offers seats and seating systems, such as mechanical and air suspension, static, bus, and military seats, as well as seats for medium-and heavy-duty trucks (MD/HD trucks); office seating products; and seats, parts, and components for the aftermarket. The company supplies its products and systems for the commercial vehicle market comprising the MD/HD truck market; medium-and heavy-construction vehicle market; and military, bus, agriculture, specialty transportation, mining, industrial equipment, and off-road recreational markets. Commercial Vehicle Group, Inc. was founded in 2000 and is headquartered in New Albany, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 01:11
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
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.