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.