CompX International
Market Cap
US$188.1m
Last Updated
2020/02/16 23:37 UTC
Data Sources
Company Financials
Executive Summary
CompX International Inc. engages in the manufacture and sale of security products and recreational marine components primarily in North America.
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has CompX International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CIX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.8%
CIX
2.1%
US Commercial Services
1.5%
US Market
1 Year Return
3.1%
CIX
22.4%
US Commercial Services
20.1%
US Market
Return vs Industry: CIX underperformed the US Commercial Services industry which returned 22.4% over the past year.
Return vs Market: CIX underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| CIX | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.8% | 2.1% | 1.5% |
| 30 Day | 5.5% | 3.8% | 1.4% |
| 90 Day | 5.6% | 9.1% | 8.7% |
| 1 Year | 5.1%3.1% | 26.9%22.4% | 22.7%20.1% |
| 3 Year | 7.8%2.9% | 67.4%56.2% | 50.1%40.5% |
| 5 Year | 45.3%33.8% | 106.4%84.3% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is CompX International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does CompX International Inc. (NYSEMKT:CIX) Fare As A Dividend Stock?4 weeks ago | Simply Wall St
The CompX International (NYSEMKT:CIX) Share Price Has Gained 28% And Shareholders Are Hoping For More1 month ago | Simply Wall St
Is CompX International Inc. (NYSEMKT:CIX) Investing Effectively In Its Business?Valuation
Is CompX International undervalued compared to its fair value and its price relative to the market?
40.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CIX ($15.12) is trading below our estimate of fair value ($25.42)
Significantly Below Fair Value: CIX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CIX is good value based on its PE Ratio (12.2x) compared to the Commercial Services industry average (26.4x).
PE vs Market: CIX is good value based on its PE Ratio (12.2x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CIX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CIX is good value based on its PB Ratio (1.2x) compared to the US Commercial Services industry average (1.8x).
Next Steps
Future Growth
How is CompX International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.1%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CompX International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether CompX International is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- CompX International competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has CompX International performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CIX has high quality earnings.
Growing Profit Margin: CIX's current net profit margins (12.7%) are lower than last year (14.6%).
Past Earnings Growth Analysis
Earnings Trend: CIX's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: CIX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CIX had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Commercial Services industry average (0.2%).
Return on Equity
High ROE: CIX's Return on Equity (9.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CompX International's financial position?
Financial Position Analysis
Short Term Liabilities: CIX's short term assets ($84.2M) exceed its short term liabilities ($13.1M).
Long Term Liabilities: CIX's short term assets ($84.2M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: CIX is debt free.
Reducing Debt: CIX had no debt 5 years ago.
Debt Coverage: CIX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CIX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: CIX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CIX's debt is covered by short term assets.
Next Steps
Dividend
What is CompX International's current dividend yield, its reliability and sustainability?
1.85%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CIX's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CIX's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: CIX's dividend payments have been volatile in the past 10 years.
Growing Dividend: CIX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.9%), CIX's dividend payments are well 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
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Scott James (53yo)
2.8yrs
Tenure
US$1,014,565
Compensation
Mr. Scott C. James has been the Chief Executive Officer of Compx International Inc. since May 24, 2017 and its President since August 18, 2014. Mr. James served as the Chief Operating Officer of CompX Inte ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD1.01M) is about average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.8yrs | US$1.01m | no data | |
| Executive Vice President | 2.8yrs | US$306.00k | no data | |
| VP & CFO | 0.7yrs | no data | no data | |
| Chief Tax Officer & Executive VP | 8.1yrs | no data | 0.0016% $3.0k | |
| VP, Secretary & Associate General Counsel | 0yrs | no data | no data | |
| VP & Treasurer | 2.5yrs | no data | no data | |
| VP & Controller | 0.7yrs | no data | no data |
2.6yrs
Average Tenure
48yo
Average Age
Experienced Management: CIX's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman of the Board | 0yrs | US$409.00k | 0.0080% $15.1k | |
| Director | 27.1yrs | US$35.41k | 0.10% $190.5k | |
| Independent Director | 21.7yrs | US$81.91k | 0.038% $72.2k | |
| Independent Director | 3.9yrs | US$81.91k | 0.037% $69.6k | |
| Independent Director | 1.9yrs | US$78.41k | 0.021% $39.3k | |
| Chairman of the Board | 2.8yrs | US$101.91k | 0.053% $99.8k | |
| Independent Director | 3.9yrs | US$76.91k | 0.037% $69.6k |
3.9yrs
Average Tenure
63yo
Average Age
Experienced Board: CIX's board of directors are considered experienced (3.9 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
CompX International Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CompX International Inc.
- Ticker: CIX
- Exchange: AMEX
- Founded: 1993
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$188.139m
- Shares outstanding: 12.44m
- Website: https://www.compx.com
Number of Employees
Location
- CompX International Inc.
- Three Lincoln Centre
- Suite 1700
- Dallas
- Texas
- 75240
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CIX | AMEX (NYSE MKT LLC) | Yes | Class A Common Stock | US | USD | Mar 1998 |
Biography
CompX International Inc. engages in the manufacture and sale of security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, high security medical cabinetry, electrical circuit panels, storage compartments, and gas station security. It serves recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, and other industries. The Marine Components segment manufactures and distributes stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, trim tabs, and related hardware and accessories primarily for performance and ski/wakeboard boats. This segment offers original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers, and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; steering wheels, and other billet aluminum accessories; and dash panels, LED indicators, wire harnesses, and other accessories to the recreational marine industry. CompX International Inc. sells its products directly to original equipment manufacturers, as well as through distributors. The company was founded in 1993 and is based in Dallas, Texas. CompX International Inc. is a subsidiary of NL Industries, Inc.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:37 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.