Cadre Holdings Valuation

Is CDRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CDRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CDRE ($32.43) is trading below our estimate of fair value ($77.66)

Significantly Below Fair Value: CDRE is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CDRE?

Key metric: As CDRE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CDRE. This is calculated by dividing CDRE's market cap by their current earnings.
What is CDRE's PE Ratio?
PE Ratio40.2x
EarningsUS$32.74m
Market CapUS$1.30b

Price to Earnings Ratio vs Peers

How does CDRE's PE Ratio compare to its peers?

The above table shows the PE ratio for CDRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average111.6x
KAMN Kaman
164x75.2%US$1.3b
DCO Ducommun
32.3x36.2%US$971.4m
AIR AAR
37x35.3%US$2.4b
VVX V2X
213x83.1%US$1.9b
CDRE Cadre Holdings
40.2x27.4%US$1.3b

Price-To-Earnings vs Peers: CDRE is good value based on its Price-To-Earnings Ratio (40.2x) compared to the peer average (111.6x).


Price to Earnings Ratio vs Industry

How does CDRE's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CVU CPI Aerostructures
2.8xn/aUS$47.45m
ETCC Environmental Tectonics
4.8xn/aUS$30.36m
AWIN AERWINS Technologies
0.002xn/aUS$6.93k
GIGA.Q Gresham Worldwide
n/an/aUS$7.00
No more companies available in this PE range
CDRE 40.2xIndustry Avg. 34.3xNo. of Companies6PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CDRE is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the US Aerospace & Defense industry average (34.3x).


Price to Earnings Ratio vs Fair Ratio

What is CDRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CDRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.2x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: CDRE is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CDRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$32.43
US$43.17
+33.1%
8.0%US$48.00US$37.00n/a6
Nov ’25US$35.20
US$42.50
+20.7%
8.0%US$48.00US$39.00n/a6
Oct ’25US$38.08
US$42.50
+11.6%
8.0%US$48.00US$39.00n/a6
Sep ’25US$36.25
US$41.43
+14.3%
9.9%US$48.00US$35.00n/a7
Aug ’25US$35.74
US$41.86
+17.1%
10.2%US$48.00US$34.00n/a7
Jul ’25US$33.06
US$41.86
+26.6%
10.2%US$48.00US$34.00n/a7
Jun ’25US$32.84
US$42.17
+28.4%
10.7%US$48.00US$34.00n/a6
May ’25US$33.72
US$42.67
+26.5%
10.1%US$48.00US$34.00n/a6
Apr ’25US$36.08
US$42.67
+18.3%
10.1%US$48.00US$34.00n/a6
Mar ’25US$35.76
US$37.67
+5.3%
6.3%US$40.00US$33.00n/a6
Feb ’25US$34.97
US$36.00
+2.9%
10.6%US$40.00US$29.00n/a7
Jan ’25US$32.89
US$34.25
+4.1%
10.0%US$40.00US$29.00n/a8
Dec ’24US$32.71
US$34.00
+3.9%
11.3%US$40.00US$27.00n/a8
Nov ’24US$28.66
US$30.63
+6.9%
8.5%US$35.00US$26.00US$35.208
Oct ’24US$26.65
US$30.63
+14.9%
8.5%US$35.00US$26.00US$38.088
Sep ’24US$26.02
US$30.63
+17.7%
8.5%US$35.00US$26.00US$36.258
Aug ’24US$23.33
US$29.88
+28.1%
10.1%US$35.00US$25.00US$35.748
Jul ’24US$21.80
US$29.88
+37.0%
10.1%US$35.00US$25.00US$33.068
Jun ’24US$21.17
US$29.88
+41.1%
10.1%US$35.00US$25.00US$32.848
May ’24US$21.31
US$29.75
+39.6%
11.1%US$35.00US$25.00US$33.728
Apr ’24US$21.54
US$29.75
+38.1%
11.1%US$35.00US$25.00US$36.088
Mar ’24US$21.86
US$32.75
+49.8%
9.0%US$38.00US$28.00US$35.768
Feb ’24US$23.03
US$32.75
+42.2%
9.0%US$38.00US$28.00US$34.978
Jan ’24US$20.14
US$32.75
+62.6%
9.0%US$38.00US$28.00US$32.898
Dec ’23US$26.18
US$32.75
+25.1%
9.0%US$38.00US$28.00US$32.718
Nov ’23US$30.47
US$29.25
-4.0%
7.4%US$32.00US$26.00US$28.668

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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