Commercial Vehicle Intrinsic Value Calculation – COMMERCIAL VEHICLE Reports Positive Financial Results for Q2 of Fiscal Year 2023
August 9, 2023
☀️Earnings Overview
COMMERCIAL VEHICLE ($NASDAQ:CVGI) reported total revenue of USD 262.2 million for the second quarter of 2023, which was a 4.5% increase from the same period in 2022. Net income for the quarter was USD 10.1 million, a significant rise from the previous year’s second quarter figure of USD 2.5 million.
Market Price
On Tuesday, investors in COMMERCIAL VEHICLE were delighted by the company’s announcement of positive financial results for the second quarter of the fiscal year 2023. Shares opened at $10.5 and closed at $10.7, an increase of 1.5% from the previous day’s closing price of 10.5. The positive financial results were driven by increased sales in the company’s core business segments, as well as a reduction in costs and expenses. The company also reported strong cash flow and a strong balance sheet, with debt levels reduced by 10%.
In addition, COMMERCIAL VEHICLE has seen improved customer satisfaction, with customer feedback showing a 9% increase in satisfaction ratings compared to the same period last year. This is a sign that the company is continuing to provide top-notch services and products to its customers. Looking ahead, COMMERCIAL VEHICLE is confident that it can maintain its strong financial performance by continuing to focus on cost control, as well as introducing new products and services to meet customer demand. The company’s commitment to customer satisfaction and return on investment remains strong, and is expected to continue driving positive financial results for the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Commercial Vehicle. More…
| Total Revenues | Net Income | Net Margin |
| 1.01k | -9.6 | -0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Commercial Vehicle. More…
| Operations | Investing | Financing |
| 90.4 | -19.71 | -50.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Commercial Vehicle. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 500.49 | 356.73 | 4.29 |
Key Ratios Snapshot
Some of the financial key ratios for Commercial Vehicle are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | -20.9% | 2.6% |
| FCF Margin | ROE | ROA |
| 7.0% | 11.9% | 3.3% |
Analysis – Commercial Vehicle Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of COMMERCIAL VEHICLE’s fundamentals. After carefully studying the market and its trends, our proprietary Valuation Line determined that the fair value of COMMERCIAL VEHICLE’s share is roughly $8.6. However, the stock is currently trading at $10.7. This means that COMMERCIAL VEHICLE’s stock is currently overvalued by 24.0%. More…
Peers
The company’s products are used in a variety of applications, including buses, trucks, construction vehicles, agricultural equipment, and other specialty vehicles. Commercial Vehicle Group Inc. has a long history of competition with Lear Corp, Aptiv PLC, and Nanjing YueBoo Power System Co Ltd.
– Lear Corp ($NYSE:LEA)
Lear is a global automotive technology leader in seating and electrical/electronic systems. The company’s products are designed to support all major automotive manufacturers worldwide. The company has a market cap of 8.51B as of 2022 and a Return on Equity of 4.86%.
– Aptiv PLC ($NYSE:APTV)
Aptiv PLC is a leading global technology company that develops safer, greener and more connected solutions enabling the future of mobility. The company’s market capitalization is $29.62 billion and its return on equity is 6.97%. Aptiv’s products and services are used in over 150 countries around the world and the company has a strong presence in Europe, Asia Pacific and North America. Aptiv’s products include advanced driver assistance systems, vehicle networking solutions, and advanced safety systems. The company’s solutions are used in a variety of applications including passenger cars, commercial vehicles, and off-highway vehicles.
– Nanjng YueBoo Power System Co Ltd ($SZSE:300742)
Nanjing Yuebo Power System Co., Ltd. is engaged in the design, research and development, production and sale of power system products. The Company’s products include power distribution cabinets, power distribution boards and other products. Nanjing Yuebo Power System Co., Ltd. is a high-tech enterprise in Jiangsu Province. The Company is mainly engaged in the design, research and development, production and sale of power system products.
Summary
The financial results of COMMERCIAL VEHICLE for the second quarter of the fiscal year 2023 ended June 30, 2023 indicate strong growth in their revenue and net income. Total revenue increased by 4.5% from the same period last year, reaching USD 262.2 million. This is an impressive performance and may be very attractive to investors looking for a well-performing stock. With their increasing revenue and net income figures, COMMERCIAL VEHICLE looks set to continue its upward trajectory in the future.
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