Cpi Aerostructures Inc. (CVU) intrinsic value & 10-year financials

Cpi Aerostructures Inc. (CVU) has a Graham intrinsic value of $1.11 per share. At $4.94 on Oct 17, 2026, the stock trades 345% above that value. Over the last 10 fiscal years revenue shrank 1.8% a year to $69.3M, with an average return on invested capital of -1.5%.

Graham intrinsic value
$1.11
Share price (Oct 17, 2026)
$4.94
Price vs Graham value
345% above
Market cap
$63.2M
Revenue (FY2025)
$69.3M
Revenue growth (10-yr CAGR)
-1.8%
ROIC (10-yr avg)
-1.5%
Free cash flow (FY2025)
-$5.3M

CVU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $69.3M -$843.4K -$0.07 -$5.3M -0.3% -0.4%
FY2024 $81.1M $3.3M $0.26 $3.2M 8.3% 26.6%
FY2023 $86.5M $17.2M $1.38 $3.8M 7.3% 71.6%
FY2022 $83.3M $9.2M $0.74 $903.5K 5.9% -91.8%
FY2021 $103.4M $6.8M $0.56 $2.8M 3.1% -25.5%
FY2020 $87.6M -$1.3M -$0.11 -$1.7M 0.1% -0.4%
FY2019 $87.5M -$4.5M -$0.38 -$814.0K -2.8% -6.2%
FY2018 $83.9M $2.2M $0.23 -$3.1M 10.3% 5.3%
FY2017 $81.3M $5.8M $0.65 $1.3M 12.5% 9.9%
FY2016 $81.3M -$3.6M $0.42 -$6.7M -5.3% -4.1%

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

Executive summary

CPI AEROSTRUCTURES INC is facing top-line stagnation, with revenue contracting over the decade.

CPI AEROSTRUCTURES INC has historically struggled to out-earn its cost of capital, averaging just -1.5% ROIC.

CPI AEROSTRUCTURES INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CPI AEROSTRUCTURES INC is modeled at -1.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.11 per share.

CVU stock: frequently asked questions

What is the intrinsic value of Cpi Aerostructures Inc. (CVU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CVU's intrinsic value is about $1.11 per share.

Is CVU stock undervalued?

At $4.94 (close on Oct 17, 2026), CVU trades 345% above its Graham value of $1.11. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Cpi Aerostructures Inc. grown?

Revenue went from $81.3M in fiscal 2016 to $69.3M in fiscal 2025, a compound annual growth rate of -1.8%. Net income was -$843.4K in fiscal 2025.

Does Cpi Aerostructures Inc. generate free cash flow?

Cpi Aerostructures Inc. generated -$5.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 10 reported years.

What is CVU's return on invested capital?

Average ROIC over the last 10 fiscal years was -1.5%, and average return on equity was -155.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CVU data come from?

From Cpi Aerostructures Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar aircraft parts & auxiliary equipment stocks