회사 개요
Chicago Rivet & Machine Co. operates within the North American fastener industry, utilizing its two primary segments to manufacture and sell rivets, cold-formed fasteners, parts, screw machine products, and assembly equipment. The company is classified under the Industrials sector and specifically within the Tools & Accessories industry, which positions it as a provider of essential industrial components for various manufacturing applications. With a market capitalization of $9.91M, annual revenue of $27.89M, and an employee count of 158, the firm maintains a small-cap profile indicative of a niche market player. These valuation metrics suggest a modest enterprise scale where the company relies on specialized product offerings rather than broad market dominance, reflecting the typical characteristics of a micro-cap industrial entity with limited diversification.
재무 건전성
The company reported revenue of $27.89M over the trailing twelve months, yet this top-line growth is offset by a net income loss of $-1,083,214 and an EBITDA of $-318,590, revealing a significant gap where operating costs and overheads substantially erode profitability. This negative free cash flow of $-652,410 indicates that the company is currently burning cash, which limits its financial flexibility to fund organic expansion or return capital to shareholders without external financing. The gross margin stands at 14.8%, suggesting that after direct production costs, the company retains a modest portion of revenue, while the operating margin of -20.9% and profit margin of -3.9% highlight severe operational inefficiencies or high fixed cost burdens that are dragging overall profitability into negative territory. On the balance sheet, the company holds $1.72M in cash against $920,963 in debt, resulting in a debt-to-equity ratio of 4.89, which characterizes a highly leveraged financial structure where equity financing is minimal relative to liabilities. Despite the high leverage, the current ratio of 5.21 indicates strong short-term liquidity, as the company holds ample current assets to cover its short-term obligations. However, the return on equity of -5.6% and return on assets of -4.1% demonstrate that management is currently ineffective at generating positive returns on the capital base, a situation often seen in companies undergoing restructuring or facing cyclical downturns.
밸류에이션 평가
Trailing and forward P/E ratios are listed as N/A due to the company's negative earnings, which prevents the use of traditional earnings-based valuation multiples and implies that earnings are currently contracting rather than expanding. Consequently, the price-to-book ratio of 0.53 suggests the market values the company at roughly half of its book value, indicating a significant discount that may reflect market concerns regarding its profitability or potential hidden risks. Alternative valuation metrics such as the price-to-sales ratio of 0.36 and the EV/EBITDA of -28.61 further emphasize the lack of earnings power, as a negative EV/EBITDA typically signals that the company is not yet profitable enough to support standard valuation models. The stock has traded between a 52-week high of $15.00 and a 52-week low of $8.15, and given the current market capitalization of $9.91M and negative earnings, the share price is likely trading near the lower end of this historical range, reflecting investor caution. The beta of 0.27 indicates that the stock exhibits low volatility relative to the broader market, moving significantly less than the S&P 500, which makes it an uncorrelated asset but also suggests limited upside potential during general market rallies.
Growth & Income
Revenue growth for the trailing twelve months stands at 45.9%, showing a sharp increase in sales volume, whereas earnings growth is N/A because the company recorded a net loss, implying that top-line expansion has not yet translated into bottom-line profitability. Regarding income, the company offers a dividend yield of 1.2% with a payout ratio of 225.6%, a situation where the dividend payment exceeds reported net income, which is unsustainable given the current negative earnings and suggests the dividend may be at risk. Since the payout ratio is unsustainable, the company is effectively returning capital through dividends despite its financial losses, a practice that can be dangerous for small-cap firms with high leverage. Overall, the growth and income profile presents a dichotomy of strong revenue expansion contrasted with a lack of earnings power and a potentially unsustainable dividend policy that warrants close monitoring of future cash flow generation.