AMEX:CVR

Stock Analysis Report

Executive Summary

Chicago Rivet & Machine Co. operates in the fastener industry in North America.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

How has Chicago Rivet & Machine's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

CVR

3.2%

US Machinery

1.3%

US Market


1 Year Return

-20.7%

CVR

1.6%

US Machinery

5.9%

US Market

Return vs Industry: CVR underperformed the US Machinery industry which returned 1.6% over the past year.

Return vs Market: CVR underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

CVRIndustryMarket
7 Day-2.0%3.2%1.3%
30 Day-1.5%-3.8%-1.9%
90 Day-3.4%-4.6%-1.8%
1 Year-17.4%-20.7%3.8%1.6%8.3%5.9%
3 Year-1.6%-11.5%45.8%36.4%45.6%36.2%
5 Year-3.5%-19.1%59.9%40.7%66.1%47.9%

Price Volatility Vs. Market

How volatile is Chicago Rivet & Machine's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chicago Rivet & Machine undervalued compared to its fair value and its price relative to the market?

22.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CVR ($25.85) is trading above our estimate of fair value ($14.67)

Significantly Undervalued: CVR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CVR is poor value based on its PE Ratio (22.6x) compared to the Machinery industry average (19.6x).

PE vs Market: CVR is poor value based on its PE Ratio (22.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CVR is good value based on its PB Ratio (0.8x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is Chicago Rivet & Machine forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVR's forecast earnings growth (22.7% per year) is above the savings rate (2.7%).

Earnings vs Market: CVR's earnings (22.7% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if CVR's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CVR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Chicago Rivet & Machine performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CVR's earnings have declined by -2% per year over the past 5 years.

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

Earnings vs Industry: CVR had negative earnings growth (-56%) over the past year, making it difficult to compare to the Machinery industry average (18.7%).


Return on Equity

High ROE: CVR's Return on Equity (3.7%) is considered low.


Return on Assets

ROA vs Industry: CVR's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: CVR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Chicago Rivet & Machine's financial position?


Financial Position Analysis

Short Term Liabilities: CVR's short term assets ($18.9M) exceeds its short term liabilities ($2.2M)

Long Term Liabilities: CVR's short term assets (18.9M) exceeds its long term liabilities (999.1K)


Debt to Equity History and Analysis

Debt Level: CVR is debt free.

Reducing Debt: CVR has not had any debt for past 5 years.

Debt Coverage: CVR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CVR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if CVR's debt is covered by short term assets.


Next Steps

Dividend

What is Chicago Rivet & Machine's current dividend yield, its reliability and sustainability?

4.56%

Current Dividend Yield


Dividend Yield vs Market

company4.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CVR's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CVR's dividend (4.56%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: CVR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CVR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.1%), CVR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Chicago Rivet & Machine's salary, the management and board of directors tenure and is there insider trading?

28.2yrs

Average management tenure


CEO

John Morrissey (83yo)

38.2yrs

Tenure

US$409,284

Compensation

Mr. John A. Morrissey has been the Chief Executive Officer of Chicago Rivet & Machine Co., since August 1981. Mr. Morrissey serves as President of The First Algonquin Company (a bank holding company). Mr.  ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD409.28K) is about average for companies of similar size in the US market ($USD495.77K).

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


Management Age and Tenure

28.2yrs

Average Tenure

60yo

Average Age

Experienced Management: CVR's management team is seasoned and experienced (28.2 years average tenure).


Board Age and Tenure

15.8yrs

Average Tenure

68yo

Average Age

Experienced Board: CVR's board of directors are seasoned and experienced ( 15.8 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

  • John Morrissey (83yo)

    Chairman & CEO

    • Tenure: 38.2yrs
    • Compensation: US$409.28k
  • Kimberly Kirhofer (60yo)

    Secretary

    • Tenure: 28.2yrs
  • Michael Bourg (56yo)

    President

    • Tenure: 13.4yrs
    • Compensation: US$375.80k

Board Members

  • John Morrissey (83yo)

    Chairman & CEO

    • Tenure: 38.2yrs
    • Compensation: US$409.28k
  • John Osterman (67yo)

    Director

    • Tenure: 0.4yrs
    • Compensation: US$131.66k
  • Walter Morrissey (76yo)

    Director

    • Tenure: 47.8yrs
    • Compensation: US$30.50k
  • Edward Chott (83yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$19.00k
  • Michael Bourg (56yo)

    President

    • Tenure: 13.4yrs
    • Compensation: US$375.80k
  • Kent Cooney (68yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$17.40k
  • John Showel (53yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$15.80k

Company Information

Chicago Rivet & Machine Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chicago Rivet & Machine Co.
  • Ticker: CVR
  • Exchange: AMEX
  • Founded: 1920
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$24.975m
  • Shares outstanding: 966.13k
  • Website: https://www.chicagorivet.com

Number of Employees


Location

  • Chicago Rivet & Machine Co.
  • 901 Frontenac Road
  • Naperville
  • Illinois
  • 60563
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVRAMEX (NYSE MKT LLC)YesCommon StockUSUSDJan 1968
8CRDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Chicago Rivet & Machine Co. operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-forme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:31
End of Day Share Price2019/10/14 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.