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CPI Aerostructures

AMEX:CVU
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CVU
AMEX
$25M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

CPI Aerostructures, Inc. engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The last earnings update was 153 days ago. More info.


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  • CPI Aerostructures has significant price volatility in the past 3 months.
CVU Share Price and Events
7 Day Returns
6.4%
AMEX:CVU
-5.7%
US Aerospace & Defense
2.4%
US Market
1 Year Returns
-67.2%
AMEX:CVU
-16.9%
US Aerospace & Defense
-10%
US Market
CVU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CPI Aerostructures (CVU) 6.4% -0.9% -67% -67.2% -66.4% -78.3%
US Aerospace & Defense -5.7% -22.7% -32.4% -16.9% -4.5% 17.8%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • CVU underperformed the Aerospace & Defense industry which returned -16.9% over the past year.
  • CVU underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
CVU
Industry
5yr Volatility vs Market

CVU Value

 Is CPI Aerostructures 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 CPI Aerostructures 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 CPI Aerostructures.

AMEX:CVU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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:CVU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 21%) (142.45%))
1.541
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.541 * 5.44%)
10.13%

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

The calculations below outline how an intrinsic value for CPI Aerostructures 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

AMEX:CVU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.13%)
2020 0.50 Analyst x1 0.45
2021 0.68 Est @ 36.84% 0.56
2022 0.86 Est @ 26.31% 0.65
2023 1.03 Est @ 18.94% 0.70
2024 1.17 Est @ 13.78% 0.72
2025 1.29 Est @ 10.17% 0.72
2026 1.39 Est @ 7.64% 0.71
2027 1.47 Est @ 5.87% 0.68
2028 1.54 Est @ 4.63% 0.64
2029 1.59 Est @ 3.76% 0.61
Present value of next 10 years cash flows $6.00
AMEX:CVU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1.59 × (1 + 1.74%) ÷ (10.13% – 1.74%)
$19.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $19.34 ÷ (1 + 10.13%)10
$7.37
AMEX:CVU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.00 + $7.37
$13.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13.37 / 11.86
$1.13
AMEX:CVU Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.13
Current discount Discount to share price of $2.15
= -1 x ($2.15 - $1.13) / $1.13
-90.7%

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

  • The current share price of CPI Aerostructures is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CPI Aerostructures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CPI Aerostructures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CVU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.44
AMEX:CVU Share Price ** AMEX (2020-04-08) in USD $2.15
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 13.44x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

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

** Primary Listing of CPI Aerostructures.

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

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

= 2.15 ÷ 0.44

4.86x

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

  • CPI Aerostructures is good value based on earnings compared to the US Aerospace & Defense industry average.
  • CPI Aerostructures is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CPI Aerostructures's expected growth come at a high price?
Raw Data
AMEX:CVU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
28.5%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.65x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

AMEX:CVU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.86x ÷ 28.5%

0.17x

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

  • CPI Aerostructures is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CPI Aerostructures's assets?
Raw Data
AMEX:CVU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $8.46
AMEX:CVU Share Price * AMEX (2020-04-08) in USD $2.15
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.71x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
AMEX:CVU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.15 ÷ 8.46

0.25x

* Primary Listing of CPI Aerostructures.

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

  • CPI Aerostructures is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess CPI Aerostructures'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. CPI Aerostructures has a total score of 4/6, 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.

CVU Future Performance

 How is CPI Aerostructures expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
28.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CPI Aerostructures expected to grow at an attractive rate?
  • CPI Aerostructures's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • CPI Aerostructures's earnings growth is expected to exceed the United States of America market average.
  • CPI Aerostructures's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:CVU Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:CVU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 28.5%
AMEX:CVU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 11.1%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:CVU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CVU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 128 12 1
2020-12-31 115 2 10 1
2020-04-09
2019-12-31 103 -6 9 1
AMEX:CVU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 101 -4 5
2019-06-30 94 -2 4
2019-03-31 91 -2 3
2018-12-31 84 -3 2
2018-09-30 81 -1 5
2018-06-30 83 -1 6
2018-03-31 79 2 6
2017-12-31 81 2 6
2017-09-30 82 0 6
2017-06-30 83 0 6
2017-03-31 89 -4 7
2016-12-31 81 -7 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CPI Aerostructures's earnings are expected to grow significantly at over 20% yearly.
  • CPI Aerostructures's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
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:CVU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CPI Aerostructures Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CVU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.98 0.98 0.98 1.00
2020-12-31 0.80 0.80 0.80 1.00
2020-04-09
2019-12-31 0.72 0.72 0.72 1.00
AMEX:CVU Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.44
2019-06-30 0.37
2019-03-31 0.26
2018-12-31 0.23
2018-09-30 0.58
2018-06-30 0.71
2018-03-31 0.65
2017-12-31 0.65
2017-09-30 0.66
2017-06-30 0.67
2017-03-31 0.79
2016-12-31 -0.42

*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 CPI Aerostructures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CPI Aerostructures'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.
CPI Aerostructures has a total score of 4/6, 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.

CVU Past Performance

  How has CPI Aerostructures 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 CPI Aerostructures's growth in the last year to its industry (Aerospace & Defense).
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.
  • CPI Aerostructures has delivered over 20% year on year earnings growth in the past 5 years.
  • CPI Aerostructures's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CPI Aerostructures's 1-year earnings growth is negative, it can't be compared to the US Aerospace & Defense industry average.
Earnings and Revenue History
CPI Aerostructures'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 CPI Aerostructures Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CVU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 100.91 5.15 10.45
2019-06-30 94.22 4.07 10.44
2019-03-31 91.32 2.61 10.29
2018-12-31 83.93 2.21 9.53
2018-09-30 81.28 5.16 9.43
2018-06-30 82.97 6.27 8.89
2018-03-31 79.44 5.78 8.34
2017-12-31 81.28 5.77 8.45
2017-09-30 81.74 5.85 8.22
2017-06-30 83.14 5.84 8.19
2017-03-31 88.69 6.86 8.06
2016-12-31 81.33 -3.61 8.61
2016-09-30 88.65 -5.09 8.27
2016-06-30 93.33 -4.33 8.16
2016-03-31 93.00 -5.13 8.34
2015-12-31 100.20 5.02 7.64
2015-09-30 88.68 6.08 7.75
2015-06-30 83.38 4.67 7.65
2015-03-31 37.68 -26.01 7.39
2014-12-31 39.69 -25.21 7.31
2014-09-30 40.91 -24.56 7.25
2014-06-30 40.08 -23.68 6.95
2014-03-31 84.94 7.79 6.67
2013-12-31 82.99 7.74 6.70
2013-09-30 89.06 8.97 6.91
2013-06-30 89.73 9.85 7.02

*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.
  • CPI Aerostructures has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CPI Aerostructures used its assets less efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
  • CPI Aerostructures has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess CPI Aerostructures'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 Aerospace & Defense 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.
CPI Aerostructures has a total score of 2/6, 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.

CVU Health

 How is CPI Aerostructures'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 CPI Aerostructures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CPI Aerostructures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CPI Aerostructures's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CPI Aerostructures'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.6x debt.
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 CPI Aerostructures Company Filings, last reported 6 months ago.

AMEX:CVU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 100.17 31.61 0.47
2019-06-30 98.25 31.23 0.75
2019-03-31 95.35 29.85 0.62
2018-12-31 93.42 29.76 4.13
2018-09-30 78.01 35.64 0.83
2018-06-30 77.35 35.93 1.03
2018-03-31 75.91 33.48 0.28
2017-12-31 74.31 31.33 1.43
2017-09-30 72.11 32.75 0.71
2017-06-30 70.32 33.95 1.12
2017-03-31 69.28 34.98 0.43
2016-12-31 67.61 32.07 1.04
2016-09-30 65.31 32.40 0.67
2016-06-30 63.45 32.88 0.81
2016-03-31 61.59 31.19 0.82
2015-12-31 70.53 24.90 1.00
2015-09-30 69.79 26.33 1.89
2015-06-30 67.26 24.39 0.79
2015-03-31 66.13 31.27 0.84
2014-12-31 64.81 27.26 1.50
2014-09-30 62.92 30.87 0.83
2014-06-30 61.73 32.63 0.97
2014-03-31 91.12 31.82 0.97
2013-12-31 88.95 24.38 2.17
2013-09-30 86.48 34.97 0.84
2013-06-30 84.55 33.74 0.45
  • CPI Aerostructures's level of debt (31.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.7% vs 31.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess CPI Aerostructures'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. CPI Aerostructures has a total score of 5/6, 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.

CVU Dividends

 What is CPI Aerostructures'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
0%
Current annual income from CPI Aerostructures dividends.
If you bought $2,000 of CPI Aerostructures shares you are expected to receive $0 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?
  • Unable to evaluate CPI Aerostructures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CPI Aerostructures's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:CVU 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 1 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

AMEX:CVU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-09
2019-12-31

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

  • Unable to perform a dividend volatility check as CPI Aerostructures has not reported any payouts.
  • Unable to verify if CPI Aerostructures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CPI Aerostructures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CPI Aerostructures has not reported any payouts.
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 CPI Aerostructures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 CPI Aerostructures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CPI Aerostructures has a total score of 0/6, see the detailed checks below.


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

CVU Management

 What is the CEO of CPI Aerostructures'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
Doug McCrosson
COMPENSATION $798,637
AGE 56
TENURE AS CEO 6.1 years
CEO Bio

Mr. Douglas J. McCrosson, also known as Doug, has been the Chief Executive Officer, President and Director of CPI Aerostructures Inc. since March 6, 2014. Mr. McCrosson has 30 years of aerospace experience, having started his career as a mechanical engineer at Grumman Corporation, now Northrop Grumman. He served as the Chief Operating Officer of CPI Aerostructures Inc. from January 1, 2010 to March 2014. He served as Senior Vice President of Operations at CPI Aerostructures Inc., from December 2008 to December 2009. Mr. McCrosson served as Vice President of Operations at CPI Aerostructures Inc. from February 2007 to December 2008. Mr. McCrosson has been with CPI Aero since May 2003 and served its Director of Business Development from May 2003 to January 2006 and Vice President of Business Development from February 2006 to January 2007. Mr. McCrosson served as Vice President of Business Development and Corporate Secretary of Frisby Technologies Inc. from 1997 to May 2003. Mr. McCrosson served as the Vice President of Technical Operations at Frisby Technologies Inc. since 1997. He served as Group Director responsible for all of Frisby Technologies Inc.'s thermal product development programs from 1992 to 1997. He was employed by Frisby Aerospace, Inc. in various engineering and marketing positions from 1988 to 1997. He serves on the Board of Managers of Schoeller Frisby Technologies GmbH and he is on the Board of Directors of LIFT, a not-for-profit organization engaged in providing technology-based companies with engineering and business development services. He is a member of the Board of Governors of the Aerospace Industries Association, a trade association representing major aerospace and defense manufacturers and suppliers in the United States. Mr. McCrosson received his Bachelor of Science degree in Mechanical Engineering from the State University of New York at Buffalo and his Masters of Science degree in Management from Polytechnic University.

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

Average tenure of the CPI Aerostructures management team in years:

6.1
Average Tenure
  • The average tenure for the CPI Aerostructures management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Doug McCrosson

TITLE
President
COMPENSATION
$799K
AGE
56
TENURE
6.1 yrs

Thomas Powers

TITLE
Acting CFO & Secretary
TENURE
0.2 yrs

Barry Fratello

TITLE
Vice President of Administration
TENURE
6.3 yrs

Nazzareno Palmerini

TITLE
Vice President of Programs
TENURE
5.3 yrs

Ken Hauser

TITLE
Vice President of Global Supply Chain
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the CPI Aerostructures board of directors in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the CPI Aerostructures board of directors is about average.
Board of Directors

Terry Stinson

TITLE
Non-Executive Chairman
COMPENSATION
$180K
AGE
77
TENURE
1.4 yrs

Doug McCrosson

TITLE
President
COMPENSATION
$799K
AGE
56
TENURE
6.1 yrs

Eric Rosenfeld

TITLE
Chairman Emeritus
COMPENSATION
$250K
AGE
62
TENURE
1.4 yrs

Michael Faber

TITLE
Independent Director
COMPENSATION
$75K
AGE
59
TENURE
6.7 yrs

Janet Katherine Cooper

TITLE
Independent Director
AGE
65
TENURE
1 yrs

Walter Paulick

TITLE
Independent Director
COMPENSATION
$75K
AGE
72
TENURE
28 yrs

Carey Bond

TITLE
Independent Director
COMPENSATION
$75K
AGE
58
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CPI Aerostructures'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. CPI Aerostructures 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.

CVU News

Simply Wall St News

Is CPI Aerostructures, Inc.'s (NYSEMKT:CVU) CEO Salary Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for CPI Aerostructures How Does Doug McCrosson's Compensation Compare With Similar Sized Companies? … As you can see, Doug McCrosson is paid more than the median CEO pay at companies of a similar size, in the same market.

Simply Wall St -

Looking At CPI Aerostructures, Inc. (NYSEMKT:CVU) From All Angles

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Investors have the opportunity to buy into the stock to reap capital gains, if CVU's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … AMEX:CVU Past and Future Earnings, August 14th 2019 CVU's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings.

Simply Wall St -

The CPI Aerostructures (NYSEMKT:CVU) Share Price Is Down 30% So Some Shareholders Are Getting Worried

A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. … Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Here's Why CPI Aerostructures (NYSEMKT:CVU) Can Manage Its Debt Responsibly

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … Since CPI Aerostructures does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Debt is far more risky for companies with unreliable free cash flow, so shareholders should be hoping that the past expenditure will produce free cash flow in the future.

Simply Wall St -

Is CPI Aerostructures, Inc. (NYSEMKT:CVU) Struggling With Its 8.7% Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for CPI Aerostructures: 0.087 = US$9.2m ÷ (US$152m - US$45m) (Based on the trailing twelve months to March 2019.) Therefore, CPI Aerostructures has an ROCE of 8.7%. … How CPI Aerostructures's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months.

Simply Wall St -

Could The CPI Aerostructures, Inc. (NYSEMKT:CVU) Ownership Structure Tell Us Something Useful?

Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … View our latest analysis for CPI Aerostructures AMEX:CVU Ownership Summary, June 19th 2019 What Does The Institutional Ownership Tell Us About CPI Aerostructures?

Simply Wall St -

These Factors Make CPI Aerostructures, Inc. (NYSEMKT:CVU) An Interesting Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

CPI Aerostructures, Inc. (NYSEMKT:CVU): Time For A Financial Health Check

(NYSEMKT:CVU) with its market cap of US$83m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Is CPI Aerostructures, Inc. (NYSEMKT:CVU) Overpaying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Then we'll look at a snap shot of the business growth. … How Does Doug McCrosson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Institutions Own CPI Aerostructures, Inc. (NYSEMKT:CVU) Shares?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … With a market capitalization of US$75m, CPI Aerostructures is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

CVU Company Info

Description

CPI Aerostructures, Inc. engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts. In addition, it operates as a subcontractor for defense contractors and commercial contractors, as well as a contractor for the United States Department of Defense. Further, the company offers engineering, program management, supply chain management, kitting, and MRO services. Additionally, it offers welding services and metal fabrications; and electromechanical systems, harness and cable assemblies, electronic equipment, and printed circuit boards, as well as manufactures radio frequency interference/electro-magnetic interference for electronic components. The company was formerly known as Consortium of Precision Industries, Inc. and changed its name to CPI Aerostructures, Inc. in July 1992. CPI Aerostructures, Inc. was founded in 1980 and is headquartered in Edgewood, New York.

Details
Name: CPI Aerostructures, Inc.
CVU
Exchange: AMEX
Founded: 1980
$25,494,134
11,857,737
Website: http://www.cpiaero.com
Address: CPI Aerostructures, Inc.
91 Heartland Boulevard,
Edgewood,
New York, 11717,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CVU Common Stock NYSE MKT LLC US USD 17. Sep 1992
Number of employees
Current staff
Staff numbers
281
CPI Aerostructures employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 03:04
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/02/18
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
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.