Chicago Rivet & Machine Co. (CVR) intrinsic value & 10-year financials

Chicago Rivet & Machine Co. (CVR) has a Graham intrinsic value of $5.89 per share. At $11.28 on Oct 18, 2026, the stock trades 92% above that value. Over the last 10 fiscal years revenue shrank 3.1% a year to $27.9M, with an average return on invested capital of -1.5%.

Graham intrinsic value
$5.89
Share price (Oct 18, 2026)
$11.28
Price vs Graham value
92% above
Market cap
$10.9M
Revenue (FY2025)
$27.9M
Revenue growth (10-yr CAGR)
-3.1%
ROIC (10-yr avg)
-1.5%
Free cash flow (FY2025)
-$1.6M

CVR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $27.9M -$1.1M — -$1.6M -4.3% -6.2%
FY2024 $27.0M -$5.6M — -$804.8K -19.1% -28.5%
FY2023 $31.5M -$4.4M — -$3.0M -18.5% -15.7%
FY2022 $33.6M $2.9M — -$2.2M 10.6% 9.3%
FY2021 $34.0M $1.1M — -$1.7M 4.0% 3.7%
FY2020 $27.6M $50.5K — -$200.3K -0.3% -0.2%
FY2019 $32.9M $538.3K — $1.4M 1.5% 1.3%
FY2018 $37.2M $2.0M — -$117.9K 6.5% 6.4%
FY2017 $35.8M $2.1M — $1.7M 6.6% 7.0%
FY2016 $37.0M $2.4M — $2.0M 9.4% 8.3%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CHICAGO RIVET & MACHINE CO is facing top-line stagnation, with revenue contracting over the decade.

CHICAGO RIVET & MACHINE CO has historically struggled to out-earn its cost of capital, averaging just -17.4% ROIC.

CHICAGO RIVET & MACHINE CO capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CHICAGO RIVET & MACHINE CO is modeled at -3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.89 per share.

CVR stock: frequently asked questions

What is the intrinsic value of Chicago Rivet & Machine Co. (CVR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -3.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CVR's intrinsic value is about $5.89 per share.

Is CVR stock undervalued?

At $11.28 (close on Oct 18, 2026), CVR trades 92% above its Graham value of $5.89. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Chicago Rivet & Machine Co. grown?

Revenue went from $37.0M in fiscal 2016 to $27.9M in fiscal 2025, a compound annual growth rate of -3.1%. Net income was -$1.1M in fiscal 2025.

Does Chicago Rivet & Machine Co. generate free cash flow?

Chicago Rivet & Machine Co. generated -$1.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 10 reported years.

What is CVR's return on invested capital?

Average ROIC over the last 10 fiscal years was -1.5%, and average return on equity was -0.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CVR data come from?

From Chicago Rivet & Machine Co.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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