Complete CVV Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
CVV DCF Analysis
CVV (CVD Equipment Corporation) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.8M | $24.1M | $26.9M | $30.6M | $34.3M | $38.2M | $42.0M | $45.7M |
| Revenue Growth % | - | -6.6% | 11.5% | 13.7% | 12.3% | 11.1% | 10.0% | 9.0% |
| EBIT | $-1.8M | $-4.9M | $-2.4M | $1.5M | $1.7M | $1.9M | $2.1M | $2.3M |
| EBIT Margin % | -7.1% | -20.2% | -9.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 20.1% | 20.6% | 21.1% | 21.6% | 22.1% |
| NOPAT | $-1.4M | $-3.7M | $-1.8M | $1.2M | $1.4M | $1.5M | $1.6M | $1.8M |
| NOPAT Margin % | -5.3% | -15.2% | -6.7% | 4.0% | 4.0% | 3.9% | 3.9% | 3.9% |
| Capex | $718.0K | $418.0K | $106.0K | $957.5K | $1.0M | $1.1M | $1.1M | $1.2M |
| Capex / Revenue % | 2.8% | 1.7% | 0.4% | 3.1% | 3.0% | 2.8% | 2.7% | 2.6% |
| Depreciation | $867.0K | $792.0K | $684.0K | $936.1K | $1.1M | $1.2M | $1.3M | $1.4M |
| D&A / Revenue % | 3.4% | 3.3% | 2.5% | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% |
| Change in NWC | $-1.2M | $-1.2M | $-438.0K | $-874.4K | $-785.9K | $-698.6K | $-614.8K | $-536.1K |
| NWC Change / Revenue % | -4.8% | -5.0% | -1.6% | -2.9% | -2.3% | -1.8% | -1.5% | -1.2% |
| Unlevered FCF | $22.8K | $-2.1M | $-796.0K | $2.1M | $2.2M | $2.3M | $2.4M | $2.6M |
| UFCF % Chg. | - | -9241.8% | 61.7% | 360.5% | 5.1% | 5.3% | 5.4% | 5.5% |
| FCF / Revenue % | 0.1% | -8.6% | -3.0% | 6.8% | 6.3% | 6.0% | 5.8% | 5.6% |
| Discount Factor | - | - | - | 0.929 | 0.863 | 0.801 | 0.744 | 0.691 |
| Present Value of FCF | - | - | - | $1.9M | $1.9M | $1.8M | $1.8M | $1.8M |
| Sum of PV of UFCF | - | - | - | $1.9M | $3.8M | $5.6M | $7.4M | $9.2M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.3% |
| Tax Rate | 20.1% |
| After Tax Cost of Debt | 5.8% |
| Risk Free Rate | 4.29% |
| Market Risk Premium | 4.3% |
| Beta | 0.78 |
| Cost of Equity | 7.7% |
| Total Debt | $268.0K |
| Market Cap | $20.3M |
| Total Capital | $20.6M |
| Debt Weighting | 1.3% |
| Equity Weighting | 98.7% |
| WACC | 7.7% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $2.6M |
| Terminal Value | $50.7M |
| PV of Terminal Value | $35.1M |
| Cumulative PV of UFCF | $9.2M |
| Net Debt | $-12.3M |
| Equity Value | $56.6M |
| Shares Outstanding | 6.8M |
| Implied Share Price | $8 |
| Current Share Price | $3 |
| Implied Upside/(Downside) | +180.7% |
Valuation Summary
$8.28
Implied Price
$2.95
Current Price
+180.7%
Upside/Downside
7.7%
WACC
CVV Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 5 peer companies in Industrials
P/E Ratio
$-0.21
-107.2%
Peer Median: 22.2x
EV/EBITDA
$1.16
-60.7%
Peer Median: 19.3x
P/S Ratio
$4.30
+45.7%
Peer Median: 1.0x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for CVV's business model and current situation.
Multiple Comparison
| Multiple | CVV Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -307.3x | 22.2x | 22.2x | -1481.3% | Undervalued |
| EV/EBITDA | 19.3x | 19.3x | 18.0x | 0.0% | Fair Value |
| P/S Ratio | 0.7x | 1.0x | 1.9x | -31.4% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.16B | 0.0x | 0.0x | 1299.2x | |
| $0.09B | 0.0x | 0.0x | 1.0x | |
| $0.06B | 0.0x | 0.0x | 0.7x | |
| $0.02B | 0.0x | 19.3x | 0.7x | |
| $148.01B | 22.2x | 16.7x | 5.3x |