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General information

Country: UNITED STATES

Sector: Security and Protection Services

CompX International, Inc. engages in the manufacturer of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, and a variety of other industries. The company is headquartered in Dallas, Texas and currently employs 547 full-time employees. The firm operates through two business segments: Security Products and Marine Components. Its security products include disc tumbler locks; pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks. Its marine components include original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers and other exhaust components; gauges; mechanical and electronic controls and throttles; steering wheels and other billet aluminum accessories, and dash panels. The firm`s brands include National Cabinet Lock, Fort Lock, Timberline Lock, Chicago Lock, Mega Rim, Race Rim, Vantage View and GEN-X.
Website: compx.com



Growth: Good revenue growth rate 17.6%, there is acceleration compared to average historical growth rates 11.8%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +19.2%. On average the margin is improving unsteadily. Gross margin is normal, +27.8%.

Cash Flow Generation: Dividend yield for the last twelve months 3.1%. Free cash flow yield -2.2% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 106.5% higher than minimum and 11.9% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.1x by EV / Sales multiple , the company can be 47.2% undervalued

Key Financials (Download financials)

Ticker: CIX
Share price, USD:  (+3.0%)33.39
year average price 23.13  


year start price 18.10 2023-04-28

min close price 17.55 2023-09-19

max close price 37.90 2024-03-21

current price 33.39 2024-04-26
Common stocks: 12 380 699

Dividend Yield:  3.1%
FCF Yield LTM: -2.2%
EV / LTM EBITDA: 11.0x
EV / EBITDA annualized: 12.2x
Last revenue growth (y/y):  17.6%
Last growth of EBITDA (y/y):  40.0%
Historical revenue growth:  11.8%
Historical growth of EBITDA:  19.5%
EV / Sales: 2.1x
Margin (EBITDA LTM / Revenue): 19.2%
Fundamental value created in LTM:
Market Cap ($m): 413
Net Debt ($m): -60
EV (Enterprise Value): 353
Price to Book: 2.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-25Seeking Alpha

CompX International: Some Consolidation Needed To Digest Recent Rally

2024-04-18Business Wire

CI Financial Announces First Quarter Earnings Conference Call and Webcast

2024-01-29Business Wire

CI Financial Announces Fourth Quarter Earnings Conference Call and Webcast

2023-12-30Seeking Alpha

CompX International: A Solid Company On The Cusp Of A Growth Recovery

2023-10-19Business Wire

CI Financial Announces Third Quarter Earnings Conference Call and Webcast

2023-07-25Business Wire

CI Financial Announces Second Quarter Earnings Conference Call and Webcast

2023-07-03GuruFocus

Compx International: A Safe Industrial Stock With a High Dividend Yield

2023-06-07Forbes

CompX International's Cash Flow Increases The Safety Of Its Dividend Yield

2023-04-21Business Wire

CI Financial Announces First Quarter Earnings Conference Call and Webcast
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CIX CIX CIX CIX CIX CIX
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-28 2023-11-01 2023-08-01 2023-05-02 2023-03-01 2022-11-02
acceptedDate 2024-02-28 16:16:05 2023-11-01 16:25:35 2023-08-01 16:15:35 2023-05-02 16:15:38 2023-03-01 16:15:55 2022-11-02 16:16:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 43M 40M 37M 41M 40M 43M
costOfRevenue 30M 28M 26M 29M 29M 31M
grossProfit 14M 13M 10M 13M 11M 12M
grossProfitRatio 0.316 0.313 0.281 0.308 0.278 0.278
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 6M 6M 6M 6M 6M 6M
otherExpenses 0 0 0 0 0 0
operatingExpenses 6M 6M 6M 6M 6M 6M
costAndExpenses 36M 34M 32M 34M 35M 37M
interestIncome 1M 1M 992 000 1 000 000 800 000 558 000
interestExpense 0 0 0 -1 000 000 768 000 558 000
depreciationAndAmortization 977 000 987 000 999 000 1M 1M 1M
ebitda 8M 8M 5M 7M 5M 7M
ebitdaratio 0.196 0.187 0.147 0.170 0.135 0.162
operatingIncome 7M 7M 4M 7M 5M 6M
operatingIncomeRatio 0.173 0.162 0.119 0.170 0.135 0.138
totalOtherIncomeExpensesNet 1M 1M 992 000 1 000 000 800 000 558 000
incomeBeforeTax 9M 8M 5M 8M 6M 6M
incomeBeforeTaxRatio 0.200 0.189 0.146 0.194 0.155 0.151
incomeTaxExpense 2M 2M 1M 2M 1M 2M
netIncome 7M 6M 4M 6M 5M 5M
netIncomeRatio 0.155 0.143 0.111 0.148 0.120 0.115
eps 0.540 0.470 0.330 0.490 0.390 0.400
epsdiluted 0.540 0.470 0.330 0.490 0.390 0.400
weightedAverageShsOut 12M 12M 12M 12M 12M 12M
weightedAverageShsOutDil 12M 12M 12M 12M 12M 12M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CIX CIX CIX CIX CIX CIX
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-28 2023-11-01 2023-08-01 2023-05-02 2023-03-01 2022-11-02
acceptedDate 2024-02-28 16:16:05 2023-11-01 16:25:35 2023-08-01 16:15:35 2023-05-02 16:15:38 2023-03-01 16:15:55 2022-11-02 16:16:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 41M 18M 18M 18M 27M 53M
shortTermInvestments 35M 47M 47M 43M 33M 0
cashAndShortTermInvestments 77M 64M 65M 61M 60M 53M
netReceivables 17M 20M 15M 19M 18M 19M
inventory 31M 34M 34M 30M 31M 33M
otherCurrentAssets 2M 2M 2M 2M 2M 3M
totalCurrentAssets 127M 121M 115M 112M 111M 108M
propertyPlantEquipmentNet 26M 26M 27M 28M 29M 29M
goodwill 24M 24M 24M 24M 24M 24M
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 24M 24M 24M 24M 24M 24M
longTermInvestments 11M 10M 10M 0 0 0
taxAssets 0 2M 2M 2M 0 0
otherNonCurrentAssets 769 000 738 000 747 000 11M 14M 15M
totalNonCurrentAssets 61M 63M 64M 65M 66M 68M
otherAssets 0 0 0 0 42 000 0
totalAssets 188M 183M 179M 176M 177M 177M
accountPayables 3M 4M 5M 4M 4M 5M
shortTermDebt 1M -5M -6M 0 0 0
taxPayables 1M 2M 1M 2M 1M 2M
deferredRevenue 826 000 1M 345 000 475 000 541 000 529 000
otherCurrentLiabilities 12M 16M 15M 9M 13M 12M
totalCurrentLiabilities 17M 16M 15M 13M 17M 18M
longTermDebt 0 0 0 0 0 0
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 2M 2M 2M 2M 2M 2M
otherNonCurrentLiabilities 41 000 43 000 48 000 56 000 68 000 -3M
totalNonCurrentLiabilities 2M 2M 2M 2M 2M 2M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 19M 18M 17M 15M 19M 20M
preferredStock 0 0 0 0 0 0
commonStock 123 000 123 000 123 000 123 000 123 000 123 000
retainedEarnings 115M 112M 109M 108M 105M 103M
accumulatedOtherComprehensiveIncomeLoss -6000.000 -89 000 -119 000 -47 000 -17 000 0
othertotalStockholdersEquity 53M 53M 53M 53M 53M 53M
totalStockholdersEquity 169M 165M 162M 161M 158M 157M
totalEquity 169M 165M 162M 161M 158M 157M
totalLiabilitiesAndStockholdersEquity 188M 183M 179M 176M 177M 177M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 188M 183M 179M 176M 177M 177M
totalInvestments 46M 47M 47M 43M 33M 0
totalDebt 0 0 0 0 0 0
netDebt -41M -18M -18M -18M -27M -53M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CIX CIX CIX CIX CIX CIX
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-28 2023-11-01 2023-08-01 2023-05-02 2023-03-01 2022-11-02
acceptedDate 2024-02-28 16:16:05 2023-11-01 16:25:35 2023-08-01 16:15:35 2023-05-02 16:15:38 2023-03-01 16:15:55 2022-11-02 16:16:03
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 7M 6M 4M 6M 5M 5M
depreciationAndAmortization 977 000 987 000 999 000 1M 1M 1M
deferredIncomeTax -164 000 -135 000 -171 000 -250 000 54 000 -256 000
stockBasedCompensation 0 0 0 0 0 0
changeInWorkingCapital 7M -4M 2M -3M 3M 810 000
accountsReceivables 3M -5M 4M -842 000 1M -2M
inventory 4M -614 000 -4M 1M 2M -111 000
accountsPayables 630 000 618 000 3M -5M 0 0
otherWorkingCapital 123 000 524 000 -1M 946 000 -326 000 3M
otherNonCashItems -5M -442 000 -287 000 -336 000 -74 000 86 000
netCashProvidedByOperatingActivities 14M 2M 7M 3M 9M 7M
investmentsInPropertyPlantAndEquipment -566 000 -86 000 -208 000 -270 000 -687 000 -793 000
acquisitionsNet 0 86 000 208 000 0 0 0
purchasesOfInvestments 0 -11M -11M -13M 0 0
salesMaturitiesOfInvestments 12M 12M 8M 4M 0 0
otherInvestingActivites 1M 114 000 -208 000 1 000 000 -32M 2M
netCashUsedForInvestingActivites 13M 714 000 -4M -9M -32M 1M
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 2M 0
dividendsPaid -3M -3M -3M -3M -3M -25M
otherFinancingActivites 0 0 0 0 -2M 0
netCashUsedProvidedByFinancingActivities -3M -3M -3M -3M -3M -25M
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash 24M -363 000 -29 000 -9M -27M -17M
cashAtEndOfPeriod 41M 18M 18M 18M 27M 53M
cashAtBeginningOfPeriod 18M 18M 18M 27M 53M 70M
operatingCashFlow 14M 2M 7M 3M 9M 7M
capitalExpenditure -566 000 -86 000 -208 000 -270 000 -687 000 -793 000
freeCashFlow 13M 2M 6M 3M 8M 6M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-02-28 21:17 ET
COMPX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
2024-02-28 21:15 ET
COMPX REPORTS FOURTH QUARTER 2023 RESULTS
2023-11-01 20:06 ET
COMPX REPORTS THIRD QUARTER 2023 RESULTS
2023-11-01 20:05 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2023-08-01 20:17 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2023-08-01 20:15 ET
COMPX REPORTS SECOND QUARTER 2023 RESULTS
2023-05-24 20:15 ET
COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING
2023-05-02 20:15 ET
COMPX REPORTS FIRST QUARTER 2023 RESULTS
2023-03-01 21:15 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2023-03-01 21:15 ET
COMPX REPORTS FOURTH QUARTER 2022 RESULTS
2022-11-02 20:20 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2022-11-02 20:15 ET
COMPX REPORTS THIRD QUARTER 2022 RESULTS
2022-08-09 20:15 ET
COMPX ANNOUNCES A SPECIAL DIVIDEND OF $1.75 PER SHARE PAYABLE IN AUGUST 2022
2022-08-02 20:18 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2022-08-02 20:15 ET
COMPX REPORTS SECOND QUARTER 2022 RESULTS
2022-05-25 20:15 ET
COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING
2022-05-03 20:15 ET
COMPX REPORTS FIRST QUARTER 2022 RESULTS
2022-03-02 21:20 ET
COMPX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
2022-03-02 21:17 ET
COMPX REPORTS FOURTH QUARTER 2021 RESULTS
2021-11-03 20:15 ET
COMPX REPORTS THIRD QUARTER 2021 RESULTS
2021-11-03 20:15 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2021-08-03 20:17 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2021-08-03 20:15 ET
COMPX REPORTS SECOND QUARTER 2021 RESULTS
2021-05-26 20:15 ET
COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING
2021-05-04 20:15 ET
COMPX REPORTS FIRST QUARTER 2021 RESULTS
2021-03-03 21:30 ET
COMPX REPORTS FOURTH QUARTER 2020 RESULTS
2021-03-03 21:30 ET
COMPX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
2020-11-04 21:17 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2020-11-04 21:15 ET
COMPX REPORTS THIRD QUARTER 2020 RESULTS
2020-08-04 20:20 ET
COMPX DECLARES REGULAR QUARTERLY DIVIDEND
2020-08-04 20:15 ET
COMPX REPORTS SECOND QUARTER 2020 RESULTS
2020-05-27 20:15 ET
COMPX ANNOUNCES REGULAR QUARTERLY DIVIDEND AND RESULTS OF THE ANNUAL STOCKHOLDER MEETING
2020-05-05 20:15 ET
COMPX REPORTS FIRST QUARTER 2020 RESULTS
2020-02-26 21:20 ET
COMPX ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
2020-02-26 21:15 ET
COMPX REPORTS FOURTH QUARTER 2019 RESULTS

SEC forms

Show financial reports only

SEC form 8
2024-02-28 16:19 ET
CompX International published news for 2023 q4
SEC form 8
2024-02-28 16:19 ET
CompX International published news for 2023 q4
SEC form 8
2024-02-28 16:19 ET
CompX International published news for 2023 q4
SEC form 10
2024-02-28 16:16 ET
CompX International reported for 2023 q4
SEC form 10
2024-02-28 00:00 ET
CompX International reported for 2023 q4
SEC form 10
2023-11-01 16:25 ET
CompX International reported for 2023 q3
SEC form 8
2023-11-01 16:10 ET
CompX International published news for 2023 q3
SEC form 10
2023-11-01 00:00 ET
CompX International reported for 2023 q3
SEC form 6
2023-08-01 16:21 ET
CompX International published news for 2023 q2
SEC form 10
2023-08-01 16:15 ET
CompX International reported for 2023 q2
SEC form 8
2023-08-01 00:00 ET
CompX International published news for 2023 q2
SEC form 10
2023-08-01 00:00 ET
CompX International reported for 2023 q2
SEC form 8
2023-05-02 00:00 ET
CompX International published news for 2023 q1
SEC form 10
2023-05-02 00:00 ET
CompX International reported for 2023 q1
SEC form 6
2023-04-11 16:16 ET
CompX International published news for 2023 q1
SEC form 6
2023-03-06 16:18 ET
CompX International published news for 2022 q4
SEC form 6
2023-03-01 16:22 ET
CompX International published news for 2022 q4
SEC form 10
2023-03-01 16:15 ET
CompX International published news for 2022 q4
SEC form 8
2023-03-01 00:00 ET
CompX International published news for 2022 q4
SEC form 10
2023-03-01 00:00 ET
CompX International reported for 2022 q4
SEC form 6
2022-12-16 16:25 ET
CompX International published news for 2022 q3
SEC form 6
2022-11-02 16:25 ET
CompX International published news for 2022 q3
SEC form 10
2022-11-02 16:16 ET
CompX International published news for 2022 q3
SEC form 10
2022-11-02 00:00 ET
CompX International reported for 2022 q3
SEC form 8
2022-11-02 00:00 ET
CompX International published news for 2022 q3
SEC form 6
2022-08-09 16:19 ET
CompX International published news for 2022 q2
SEC form 6
2022-08-02 16:19 ET
CompX International published news for 2022 q2
SEC form 10
2022-08-02 16:16 ET
CompX International published news for 2022 q2
SEC form 10
2022-08-02 00:00 ET
CompX International reported for 2022 q2
SEC form 8
2022-08-02 00:00 ET
CompX International published news for 2022 q2
SEC form 6
2022-05-25 16:16 ET
CompX International published news for 2022 q1
SEC form 6
2022-05-03 16:18 ET
CompX International published news for 2022 q1
SEC form 10
2022-05-03 16:15 ET
CompX International published news for 2022 q1
SEC form 8
2022-05-03 00:00 ET
CompX International published news for 2022 q1
SEC form 10
2022-05-03 00:00 ET
CompX International reported for 2022 q1
SEC form 6
2022-04-12 16:16 ET
CompX International published news for 2022 q1
SEC form 6
2022-03-02 16:22 ET
CompX International published news for 2021 q4
SEC form 10
2022-03-02 16:16 ET
CompX International published news for 2021 q4
SEC form 8
2022-03-02 00:00 ET
CompX International published news for 2021 q4
SEC form 10
2022-03-02 00:00 ET
CompX International published news for 2021 q4
SEC form 10
2021-11-03 16:17 ET
CompX International published news for 2021 q3
SEC form 6
2021-11-03 16:16 ET
CompX International published news for 2021 q3
SEC form 8
2021-11-03 00:00 ET
CompX International published news for 2021 q3
SEC form 10
2021-11-03 00:00 ET
CompX International published news for 2021 q3
SEC form 6
2021-08-03 16:18 ET
CompX International published news for 2021 q2
SEC form 10
2021-08-03 16:16 ET
CompX International published news for 2021 q2
SEC form 8
2021-08-03 00:00 ET
CompX International published news for 2021 q2
SEC form 10
2021-08-03 00:00 ET
CompX International published news for 2021 q2
SEC form 6
2021-06-02 16:18 ET
CompX International published news for 2021 q1
SEC form 6
2021-05-26 16:17 ET
CompX International published news for 2021 q1
SEC form 6
2021-05-04 16:20 ET
CompX International published news for 2021 q1
SEC form 10
2021-05-04 16:15 ET
CompX International published news for 2021 q1
SEC form 10
2021-05-04 00:00 ET
CompX International published news for 2021 q1
SEC form 8
2021-05-04 00:00 ET
CompX International published news for 2021 q1
SEC form 6
2021-04-13 16:16 ET
CompX International published news for 2021 q1
SEC form 6
2021-03-03 16:31 ET
CompX International published news for 2020 q4
SEC form 10
2021-03-03 16:15 ET
CompX International published news for 2020 q4
SEC form 6
2020-11-04 16:18 ET
CompX International published news for 2020 q3
SEC form 10
2020-11-04 16:15 ET
CompX International published news for 2020 q3