Commercial Vehicle Group Stock Today

CVGI Stock  USD 6.42  0.14  2.23%   

Performance

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Odds Of Distress

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Commercial Vehicle is trading at 6.42 as of the 28th of March 2024. This is a 2.23 percent up since the beginning of the trading day. The stock's open price was 6.28. Commercial Vehicle has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Commercial Vehicle Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
5th of August 2004
Category
Consumer Cyclical
Classification
Industrials
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. Commercial Vehicle Group, Inc. was incorporated in 2000 and is headquartered in New Albany, Ohio. The company has 33.9 M outstanding shares of which 475.09 K shares are currently shorted by private and institutional investors with about 4.43 trading days to cover. More on Commercial Vehicle Group

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Commercial Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Commercial Vehicle's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Commercial Vehicle or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorPatrick Miller
Business ConcentrationConstruction Machinery & Heavy Transportation Equipment, Capital Goods, Consumer Cyclical, NASDAQ Composite, NASDAQ Composite Total, Industrials, Machinery, Auto Parts, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Commercial Vehicle report their recommendations after researching Commercial Vehicle's financial statements, talking to executives and customers, or listening in on Commercial Vehicle's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Commercial Vehicle. The Commercial consensus assessment is calculated by taking the average forecast from all of the analysts covering Commercial Vehicle.
Financial Strength
Based on the measurements of operating efficiency obtained from Commercial Vehicle's historical financial statements, Commercial Vehicle Group is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of Commercial Vehicle is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.42.0585
Way Down
Pretty Stable
Gross Profit Margin0.140.1411
Slightly Down
Slightly volatile
Net Debt154.2 M135.8 M
Moderately Up
Pretty Stable
Total Current Liabilities125.2 M145.2 M
Fairly Down
Slightly volatile
Non Current Liabilities Total221.2 M165.1 M
Significantly Up
Slightly volatile
Total Assets445.5 M483.2 M
Significantly Down
Slightly volatile
Total Current Assets280.1 M327.7 M
Fairly Down
Slightly volatile
Commercial Vehicle's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Commercial Vehicle's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Commercial Vehicle's financial leverage. It provides some insight into what part of Commercial Vehicle's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Commercial Vehicle's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Commercial Vehicle deploys its capital and how much of that capital is borrowed.
Liquidity
Commercial Vehicle cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 173.65 M in liabilities with Debt to Equity (D/E) ratio of 1.77, which is about average as compared to similar companies. Commercial Vehicle has a current ratio of 2.12, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Commercial Vehicle until it has trouble settling it off, either with new capital or with free cash flow. So, Commercial Vehicle's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Commercial Vehicle sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Commercial to invest in growth at high rates of return. When we think about Commercial Vehicle's use of debt, we should always consider it together with cash and equity.

Depreciation

15.91 Million
Commercial Vehicle Group (CVGI) is traded on NASDAQ Exchange in USA. It is located in 7800 Walton Parkway, New Albany, OH, United States, 43054 and employs 7,700 people. Commercial Vehicle is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 217.63 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Commercial Vehicle's market, we take the total number of its shares issued and multiply it by Commercial Vehicle's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Commercial Vehicle conducts business under Machinery sector and is part of Industrials industry. The entity has 33.9 M outstanding shares of which 475.09 K shares are currently shorted by private and institutional investors with about 4.43 trading days to cover. Commercial Vehicle Group currently holds about 28.5 M in cash with 38.28 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.85.
Check Commercial Vehicle Probability Of Bankruptcy
Ownership Allocation
Commercial Vehicle holds a total of 33.9 Million outstanding shares. The majority of Commercial Vehicle Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Commercial Vehicle to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Commercial Vehicle. Please pay attention to any change in the institutional holdings of Commercial Vehicle Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Commercial Ownership Details

Commercial Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Commercial Vehicle jumping above the current price in 90 days from now is about 63.49%. The Commercial Vehicle Group probability density function shows the probability of Commercial Vehicle stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3547 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Commercial Vehicle will likely underperform. Additionally, commercial Vehicle Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 6.42HorizonTargetOdds Above 6.42
36.26%90 days
 6.42 
63.49%
Based on a normal probability distribution, the odds of Commercial Vehicle to move above the current price in 90 days from now is about 63.49 (This Commercial Vehicle Group probability density function shows the probability of Commercial Stock to fall within a particular range of prices over 90 days) .

Commercial Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Commercial Vehicle that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Commercial Vehicle's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Commercial Vehicle's value.
InstituionRecorded OnShares
American Century Companies Inc2023-12-31
535.1 K
Ironwood Investment Management Llc2023-12-31
497 K
Hillsdale Investment Management Inc.2023-12-31
455.3 K
Morgan Stanley - Brokerage Accounts2023-12-31
452.8 K
Franklin Resources Inc2023-12-31
426.6 K
Rbf Llc2023-12-31
400.1 K
Wellington Management Company Llp2023-12-31
392.7 K
D. E. Shaw & Co Lp2023-09-30
361.5 K
Black Diamond Capital Management Llc2023-12-31
350 K
Forager Capital Management, Llc2023-12-31
3.1 M
Blackrock Inc2023-12-31
2.4 M
View Commercial Vehicle Diagnostics

Commercial Vehicle Historical Income Statement

Commercial Vehicle Group Income Statement is one of the three primary financial statements used for reporting Commercial's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Commercial Vehicle revenue and expense. Commercial Vehicle Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Commercial Vehicle's EBIT is increasing as compared to previous years. The Commercial Vehicle's current EBITDA is estimated to increase to about 77 M, while Selling General Administrative is projected to decrease to under 62 M. View More Fundamentals

Commercial Stock Against Markets

Picking the right benchmark for Commercial Vehicle stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Commercial Vehicle stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Commercial Vehicle is critical whether you are bullish or bearish towards Commercial Vehicle Group at a given time. Please also check how Commercial Vehicle's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Commercial Vehicle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Commercial Vehicle Corporate Directors

Commercial Vehicle corporate directors refer to members of a Commercial Vehicle board of directors. The board of directors generally takes responsibility for the Commercial Vehicle's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Commercial Vehicle's board members must vote for the resolution. The Commercial Vehicle board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Wayne RancourtDirectorProfile
Harold BevisIndependent DirectorProfile
David BoveeIndependent DirectorProfile
Robert GriffinIndependent DirectorProfile

How to buy Commercial Stock?

Before investing in Commercial Vehicle, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Commercial Vehicle. To buy Commercial Vehicle stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Commercial Vehicle. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Commercial Vehicle stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Commercial Vehicle Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Commercial Vehicle Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Commercial Vehicle Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Commercial Stock please use our How to Invest in Commercial Vehicle guide.

Already Invested in Commercial Vehicle Group?

The danger of trading Commercial Vehicle Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Commercial Vehicle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Commercial Vehicle. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Commercial Vehicle is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Commercial Vehicle offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Vehicle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Commercial Vehicle Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Vehicle Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Commercial Vehicle information on this page should be used as a complementary analysis to other Commercial Vehicle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Commercial Stock analysis

When running Commercial Vehicle's price analysis, check to measure Commercial Vehicle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Commercial Vehicle is operating at the current time. Most of Commercial Vehicle's value examination focuses on studying past and present price action to predict the probability of Commercial Vehicle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Vehicle's price. Additionally, you may evaluate how the addition of Commercial Vehicle to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Vehicle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Commercial Vehicle. If investors know Commercial will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Commercial Vehicle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.011
Earnings Share
1.47
Revenue Per Share
30.105
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0647
The market value of Commercial Vehicle is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Vehicle's value that differs from its market value or its book value, called intrinsic value, which is Commercial Vehicle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Commercial Vehicle's market value can be influenced by many factors that don't directly affect Commercial Vehicle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Commercial Vehicle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Vehicle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Vehicle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.