Compx International (CIX) AI Stock Analysis

• Market Cap: $321.76M
• Dividend Yield: 4.53%
• Average Volume (3M): 8.04K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 1.04
• Revenue Growth: -9.51%
• EPS Growth: -26.61%
• Country: US
• Employees: 510
• Sector: Industrials
• Sector Strength: 75
• Industry: Security & Protection Services
• EPS (TTM): 1.35
• Shares Outstanding: 12,318,557
• 10 Day Avg. Volume: 12,989
• 30 Day Avg. Volume: 8,037
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 5.31
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Compx International's overall stock score reflects its strong balance sheet and positive technical indicators, but is moderated by financial performance concerns, particularly revenue decline and cash flow issues. The moderate valuation with a decent dividend yield remains attractive, but recent declines in key sales segments warrant caution.

Compx International Business Overview & Revenue Model

Company Description

Compx International (CIX) is a leading manufacturer specializing in high-quality security products, furniture components, and performance marine components. Operating in sectors such as office furniture, cabinetry, and marine equipment, Compx offers a diverse range of products including locks, locking mechanisms, drawer slides, and precision components designed for various industrial and commercial applications.

How the Company Makes Money

Compx International generates revenue primarily through the manufacturing and sale of security products and precision components. The company's key revenue streams include sales of locks and locking mechanisms used in office furniture and cabinetry, drawer slides, and performance marine components. Compx leverages its expertise in engineering and manufacturing to serve a broad customer base across different industries. Significant partnerships with furniture manufacturers and suppliers contribute to its earnings by providing a consistent demand for its products. Additionally, the company's focus on high-quality manufacturing and innovation in product development helps maintain its competitive edge and sustain its revenue streams.

Compx International Financial Statement Overview

Summary

Compx International exhibits a well-rounded financial performance with strong profitability, a solid balance sheet devoid of debt, and effective cash flow management. While revenue growth poses a challenge, the company's operational efficiency and financial stability provide a strong foundation.

Income Statement

Compx International's income statement reveals stable profitability with a solid Gross Profit Margin of 29.2% in TTM (Trailing-Twelve-Months) and a Net Profit Margin of 12.5%. However, revenue has decreased by 6.6% in the latest period compared to the previous year's annual report, signaling potential challenges in sustaining growth. EBIT and EBITDA margins remain healthy at 13.0% and 14.9%, respectively, supporting a strong operational performance.

Balance Sheet

The balance sheet of Compx International is robust, with a Debt-to-Equity Ratio of 0, reflecting no leverage, which mitigates financial risk. The Return on Equity (ROE) stands at an impressive 12.9%, indicating effective management of shareholder funds. An Equity Ratio of 90.8% further underscores the company's strong equity position relative to its assets, enhancing financial stability.

Cash Flow

Compx International demonstrates strong cash flow management, with a Free Cash Flow Growth Rate of 13.0% in the latest period. The Operating Cash Flow to Net Income Ratio is 1.58, indicating effective conversion of earnings into cash. However, the Free Cash Flow to Net Income Ratio of 1.49 suggests some room for improvement in maximizing free cash flow relative to net income.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
161.29M	166.60M	140.80M	114.50M	124.20M
	Gross Profit
49.22M	48.80M	42.70M	32.80M	39.00M
	EBIT
25.43M	25.40M	20.50M	7.97M	14.02M
	EBITDA
29.41M	29.41M	24.36M	15.64M	21.35M
	Net Income Common Stockholders
22.59M	20.87M	16.57M	10.32M	16.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
76.75M	59.90M	76.58M	70.64M	63.26M
	Total Assets
187.60M	177.39M	192.45M	184.04M	178.54M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-41.39M	-26.75M	-76.58M	-70.64M	-63.26M
	Total Liabilities
18.75M	18.95M	19.36M	16.39M	16.35M
	Stockholders Equity
168.85M	158.44M	173.09M	167.66M	162.19M
Cash Flow		Free Cash Flow
24.68M	13.20M	6.38M	13.76M	15.30M
	Operating Cash Flow
25.81M	16.89M	10.47M	15.50M	18.46M
	Investing Cash Flow
1.15M	-31.10M	6.71M	-3.14M	2.86M
	Financing Cash Flow
-12.31M	-35.62M	-11.24M	-4.98M	-3.48M

Compx International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIX, the sentiment is Positive. The current price of 26.12 is above the 20-day moving average (MA) of 23.30, above the 50-day MA of 22.91, and above the 200-day MA of 25.71, indicating a bullish trend. The MACD of 1.25 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 88.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CIX.

Compx International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRC	76 Outperform	$3.32B	17.35	17.92%	1.38%	6.20%	5.12%
NL	74 Outperform	$410.81M	6.11	17.53%	3.93%	-9.52%	―
CIX	73 Outperform	$321.76M	19.40	10.53%	4.53%	-9.51%	-26.61%
NSSC	72 Outperform	$829.22M	17.46	29.13%	1.53%	5.14%	12.03%
REZI	68 Neutral	$2.42B	23.07	3.83%	―	8.31%	-49.90%
Sector *	63 Neutral	$4.29B	11.36	5.34%	214.53%	4.14%	-9.10%
MG	61 Neutral	$288.64M	15.26	9.80%	―	3.43%	―

Compx International Corporate Events

Compx International Reports Decline in 2024 Financials

CompX International reported a decline in financial performance for the fourth quarter and full year of 2024 compared to 2023. The decrease in net sales and operating income was primarily due to reduced sales in Security Products, particularly from a government pilot project that did not continue, and lower Marine Components sales. Despite these challenges, the company saw some offset from increased Marine Components sales to the towboat and government markets.