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CompX International

AMEX:CIX
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIX
AMEX
$196M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

CompX International Inc. engages in the manufacture and sale of security products and recreational marine components primarily in North America. The last earnings update was 16 days ago. More info.


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CIX Share Price and Events
7 Day Returns
1.5%
AMEX:CIX
1.3%
US Commercial Services
0.2%
US Market
1 Year Returns
8.9%
AMEX:CIX
13.4%
US Commercial Services
2.9%
US Market
CIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CompX International (CIX) 1.5% -4% 4.4% 8.9% 34.5% 39%
US Commercial Services 1.3% 1.8% 6.3% 13.4% 52.2% 73.4%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • CIX underperformed the Commercial Services industry which returned 13.4% over the past year.
  • CIX outperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
CIX
Industry
5yr Volatility vs Market

Value

 Is CompX International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CompX International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CompX International.

AMEX:CIX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:CIX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 21%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.812 * 5.96%)
7.57%

Discounted Cash Flow Calculation for AMEX:CIX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CompX International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AMEX:CIX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.57%)
2019 12.19 Est @ -2.01% 11.33
2020 12.12 Est @ -0.58% 10.47
2021 12.17 Est @ 0.41% 9.78
2022 12.30 Est @ 1.11% 9.19
2023 12.50 Est @ 1.59% 8.68
2024 12.74 Est @ 1.93% 8.22
2025 13.02 Est @ 2.17% 7.81
2026 13.32 Est @ 2.34% 7.43
2027 13.65 Est @ 2.46% 7.08
2028 13.99 Est @ 2.54% 6.75
Present value of next 10 years cash flows $86.74
AMEX:CIX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $13.99 × (1 + 2.73%) ÷ (7.57% – 2.73%)
$297.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $297.21 ÷ (1 + 7.57%)10
$143.31
AMEX:CIX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $86.74 + $143.31
$230.05
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $230.05 / 12.44
$18.5
AMEX:CIX Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.50
Current discount Discount to share price of $15.74
= -1 x ($15.74 - $18.50) / $18.50
14.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CompX International is available for.
Intrinsic value
15%
Share price is $15.74 vs Future cash flow value of $18.5
Current Discount Checks
For CompX International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CompX International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CompX International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CompX International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CompX International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.25
AMEX:CIX Share Price ** AMEX (2019-05-23) in USD $15.74
United States of America Commercial Services Industry PE Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 23.41x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CompX International.

AMEX:CIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CIX Share Price ÷ EPS (both in USD)

= 15.74 ÷ 1.25

12.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CompX International is good value based on earnings compared to the US Commercial Services industry average.
  • CompX International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CompX International's expected growth come at a high price?
Raw Data
AMEX:CIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.8%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.81x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CompX International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CompX International's assets?
Raw Data
AMEX:CIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.28
AMEX:CIX Share Price * AMEX (2019-05-23) in USD $15.74
United States of America Commercial Services Industry PB Ratio Median Figure of 88 Publicly-Listed Commercial Services Companies 1.92x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
AMEX:CIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CIX Share Price ÷ Book Value per Share (both in USD)

= 15.74 ÷ 12.28

1.28x

* Primary Listing of CompX International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CompX International is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess CompX International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. CompX International has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CompX International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CompX International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CompX International expected to grow at an attractive rate?
  • CompX International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CompX International's earnings growth is positive but not above the United States of America market average.
  • Unable to compare CompX International's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:CIX Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:CIX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.8%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:CIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CIX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 121 15 16
2018-12-31 118 17 15
2018-09-30 116 16 17
2018-06-30 113 14 15
2018-03-31 111 13 14
2017-12-31 112 13 13
2017-09-30 113 15 12
2017-06-30 115 16 12
2017-03-31 112 16 11
2016-12-31 109 14 10
2016-09-30 108 15 9
2016-06-30 106 15 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CompX International's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if CompX International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:CIX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CompX International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CIX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.25
2018-12-31 1.23
2018-09-30 1.36
2018-06-30 1.25
2018-03-31 1.11
2017-12-31 1.06
2017-09-30 0.95
2017-06-30 0.99
2017-03-31 0.92
2016-12-31 0.84
2016-09-30 0.75
2016-06-30 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CompX International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CompX International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CompX International has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CompX International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CompX International's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CompX International's year on year earnings growth rate has been positive over the past 5 years.
  • CompX International's 1-year earnings growth is less than its 5-year average (13.1% vs 16.1%)
  • CompX International's earnings growth has exceeded the US Commercial Services industry average in the past year (13.1% vs 10.8%).
Earnings and Revenue History
CompX International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CompX International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CIX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 120.98 15.59 20.66
2018-12-31 118.22 15.33 20.46
2018-09-30 115.92 16.91 20.15
2018-06-30 112.88 15.47 19.90
2018-03-31 110.50 13.78 19.56
2017-12-31 112.04 13.20 19.59
2017-09-30 113.28 11.80 19.94
2017-06-30 114.69 12.27 20.04
2017-03-31 111.79 11.41 19.90
2016-12-31 108.92 10.46 19.59
2016-09-30 108.27 9.26 19.58
2016-06-30 106.37 8.53 19.33
2016-03-31 108.18 8.90 19.42
2015-12-31 108.99 9.12 19.43
2015-09-30 108.06 9.20 19.17
2015-06-30 108.03 9.19 19.20
2015-03-31 105.96 8.94 19.05
2014-12-31 103.85 8.66 18.64
2014-09-30 101.45 8.27 18.33
2014-06-30 99.18 8.00 18.16
2014-03-31 96.37 7.26 18.12
2013-12-31 92.05 6.02 18.25
2013-09-30 89.04 5.24 18.49
2013-06-30 86.11 4.17 18.22
2013-03-31 84.22 3.56 17.90
2012-12-31 83.20 3.52 17.75
2012-09-30 37.92 -0.25 11.80
2012-06-30 52.37 -0.05 13.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CompX International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CompX International used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • CompX International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CompX International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CompX International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CompX International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CompX International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CompX International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CompX International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CompX International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • CompX International has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CompX International Company Filings, last reported 1 month ago.

AMEX:CIX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 152.68 0.00 36.07
2018-12-31 149.56 0.00 45.41
2018-09-30 147.51 0.00 43.74
2018-06-30 144.20 0.00 33.73
2018-03-31 139.69 0.00 28.35
2017-12-31 136.59 0.00 29.66
2017-09-30 132.95 0.00 28.79
2017-06-30 131.08 0.00 22.54
2017-03-31 128.30 0.00 30.11
2016-12-31 125.77 0.00 33.15
2016-09-30 123.54 0.00 45.37
2016-06-30 121.19 0.00 51.30
2016-03-31 119.28 0.00 48.06
2015-12-31 117.70 0.00 52.35
2015-09-30 116.67 0.00 47.90
2015-06-30 115.05 0.00 43.01
2015-03-31 112.78 0.00 41.16
2014-12-31 110.99 0.00 45.57
2014-09-30 109.87 0.00 41.86
2014-06-30 108.26 0.00 37.59
2014-03-31 106.25 0.00 35.05
2013-12-31 104.73 0.00 38.75
2013-09-30 104.00 0.00 36.59
2013-06-30 102.66 17.98 52.74
2013-03-31 101.41 18.23 50.06
2012-12-31 102.06 18.48 63.78
2012-09-30 87.34 22.52 7.03
2012-06-30 85.38 22.93 5.18
  • CompX International has no debt.
  • CompX International had no debt 5 years ago.
  • CompX International has no debt, it does not need to be covered by operating cash flow.
  • CompX International has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess CompX International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CompX International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CompX International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.78%
Current annual income from CompX International dividends.
If you bought $2,000 of CompX International shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CompX International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • CompX International's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:CIX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:CIX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.280 1.838
2018-08-06 0.200 1.456
2018-05-23 0.200 1.509
2018-05-07 0.200 1.415
2018-02-28 0.200 1.457
2017-08-04 0.200 1.390
2017-05-24 0.200 1.362
2017-03-01 0.200 1.415
2016-08-03 0.200 1.585
2016-05-25 0.200 1.688
2016-02-24 0.200 1.892
2015-11-04 0.200 1.875
2015-08-06 0.200 1.802
2015-08-05 0.200 1.736
2015-02-25 0.200 1.728
2014-11-05 0.200 1.722
2014-08-06 0.200 1.878
2014-05-28 0.200 1.915
2014-02-26 0.200 1.902
2013-10-30 0.200 1.557
2013-08-06 0.200 1.409
2013-05-31 0.200 1.497
2013-02-27 0.500 4.003
2012-11-07 0.500 3.528
2012-05-31 0.500 3.828
2012-05-09 0.500 4.065
2012-05-08 0.500 4.088
2011-11-01 0.500 3.363
2011-08-01 0.500 3.715
2011-05-25 0.500 3.765
2011-03-02 0.500 3.505
2010-11-04 0.500 4.008
2010-08-26 0.500 4.236
2010-05-26 0.500 4.239
2010-02-24 0.500 5.107
2009-11-03 0.500 6.603
2009-09-03 0.500 6.788
2009-05-27 0.500 7.948

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of CompX International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CompX International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CompX International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CompX International has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CompX International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott James
COMPENSATION $1,014,565
AGE 52
TENURE AS CEO 2 years
CEO Bio

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 International Inc. from August 18, 2014 to May 24, 2017 and served as its Vice President since May 2002. Mr. James served as the President of CompX Security Products Inc., a wholly owned subsidiary of CompX International Inc. since August 2002 and President of CompX Marine Division since 2005. Since 1992, Mr. James has served in various sales, marketing and executive positions with CompX's security products operations. Mr. James became an executive officer of Compx International Inc. as of August 31, 2002.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CompX International management team in years:

3.5
Average Tenure
53
Average Age
  • The tenure for the CompX International management team is about average.
Management Team

Scott James

TITLE
President & CEO
COMPENSATION
$1M
AGE
52
TENURE
2 yrs

James Brown

TITLE
VP, CFO & Controller
COMPENSATION
$766K
AGE
61
TENURE
5.1 yrs

Gregory Swalwell

TITLE
Executive Vice President
COMPENSATION
$315K
AGE
61
TENURE
6 yrs

Andrew Nace

TITLE
Executive Vice President
COMPENSATION
$306K
AGE
53
TENURE
2 yrs

Kelly Luttmer

TITLE
Chief Tax Officer & Executive VP
AGE
54
TENURE
7.3 yrs

Jane Grimm

TITLE
VP, Secretary & Associate General Counsel
AGE
47

Bryan Hanley

TITLE
VP & Treasurer
AGE
37
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the CompX International board of directors in years:

3.2
Average Tenure
63.5
Average Age
  • The tenure for the CompX International board of directors is about average.
Board of Directors

Loretta Feehan

TITLE
Chairman of the Board
COMPENSATION
$102K
AGE
62
TENURE
2 yrs

Robert Graham

TITLE
Vice Chairman of the Board
COMPENSATION
$409K
AGE
62

Ann Manix

TITLE
Director
COMPENSATION
$82K
AGE
65
TENURE
20.9 yrs

Cecil Moore

TITLE
Director
COMPENSATION
$97K
AGE
78
TENURE
3.2 yrs

David Bowers

TITLE
Director
COMPENSATION
$35K
AGE
80
TENURE
26.3 yrs

Thomas Barry

TITLE
Director
COMPENSATION
$82K
AGE
75
TENURE
3.2 yrs

Mary Tidlund

TITLE
Director
COMPENSATION
$77K
AGE
61
TENURE
3.2 yrs

Terri Herrington

TITLE
Director
COMPENSATION
$78K
AGE
62
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CompX International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CompX International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here’s What CompX International Inc.’s (NYSEMKT:CIX) Return On Capital Can Tell Us

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for CompX International: 0.11 = US$18m ÷ (US$166m - US$10m) (Based on the trailing twelve months to March 2019.) So, CompX International has an ROCE of 11%. … CompX International's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … With low current liabilities, CompX International's decent ROCE looks that much more respectable.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand CompX International Inc. (NYSEMKT:CIX)

See our latest analysis for CompX International How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for CompX International: P/E of 11.92 = $14.93 ÷ $1.25 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … AMEX:CIX Price Estimation Relative to Market, May 10th 2019 Its relatively low P/E ratio indicates that CompX International shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

If You Like EPS Growth Then Check Out CompX International (NYSEMKT:CIX) Before It's Too Late

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … CompX International maintained stable EBIT margins over the last year, all while growing revenue 5.5% to US$118m.

Simply Wall St -

If You Had Bought CompX International (NYSEMKT:CIX) Stock Five Years Ago, You Could Pocket A 50% Gain Today

(NYSEMKT:CIX) has fallen short of that second goal, with a share price rise of 50% over five years, which is below the market return. … Over half a decade, CompX International managed to grow its earnings per share at 20% a year. … This free interactive report on CompX International's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

Based On Its ROE, Is CompX International Inc. (NYSEMKT:CIX) A High Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows CompX International has a return on equity of 10% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Only 3 Days Left To Cash In On CompX International Inc. (NYSEMKT:CIX) Dividend

(NYSEMKT:CIX) will be distributing its dividend of US$0.07 per share on the 19 March 2019, and will start trading ex-dividend in 3 days time on the 08 March 2019. … Below, I will explain how holding CompX International can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Here's how I find good dividend stocks?

Simply Wall St -

Is CompX International Inc.'s (NYSEMKT:CIX) Balance Sheet Strong Enough To Weather A Storm?

(NYSEMKT:CIX), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … While CIX has no debt on its balance sheet, it doesn’t necessarily mean it exhibits financial strength. … Is financial flexibility worth the lower cost of capital

Simply Wall St -

Why CompX International Inc.’s (NYSEMKT:CIX) Use Of Investor Capital Doesn’t Look Great

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is CompX International Inc.'s (NYSEMKT:CIX) P/E Ratio Really That Good?

We'll look at CompX International Inc.'s (NYSEMKT:CIX) P/E ratio and reflect on what it tells us about the company's share price. … CompX International has a P/E ratio of 9.93, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Investors In CompX International Inc (NYSEMKT:CIX) Should Consider This Data

Historically, CompX International Inc (NYSEMKT:CIX) has paid dividends to shareholders, and these days it yields 1.4%. … Does CompX International tick all the boxes of a great dividend stock? … Check out our latest analysis for CompX International

Simply Wall St -

Company Info

Description

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.

Details
Name: CompX International Inc.
CIX
Exchange: AMEX
Founded: 1993
$195,735,667
12,435,557
Website: http://www.compx.com
Address: CompX International Inc.
Three Lincoln Centre,
Suite 1700,
Dallas,
Texas, 75240,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CIX Class A Common Stock NYSE MKT LLC US USD 06. Mar 1998
Number of employees
Current staff
Staff numbers
547
CompX International employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:35
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.