Commercial Vehicle Group: Disappointing FY2023 Results And Outlook [Seeking Alpha]
Commercial Vehicle Group, Inc. (CVGI)
Last commercial vehicle group, inc. earnings: 3/16 04:45 pm
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US:NASDAQ Investor Relations:
ir.cvgrp.com
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Source: Seeking Alpha
Truck production turned out to be better than expected but CVG was unable to benefit from that improvement. The market seems to be forecasting a competitive advantage period of 2 years for CVG. I don't have the confidence to bet against that. I am reducing my price target to $7.33 which is 9x my FY2024 FCF/share estimate of $0.81. I would be more optimistic for the business if some segments were spun off or divested. The many unrelated segments may be leading to a lack of focus in any one segment. I was previously bullish on Commercial Vehicle Group, Inc. ( NASDAQ: CVGI ) due to my belief that the market was too bearish on heavy duty and medium duty truck production, and due to management's longer-term guidance on the growth of the electrical systems segment. My thoughts on truck production have turned out to be correct so far as economic strength and pull forward of orders due to environmental regulation led to higher than expected North American class 8 truck production in
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CVGI
News
- Automotive Rocker Panel Market to Reach $86,444.32 Million, Globally, by 2033 at 5.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- In-Car Electronics and Communications market is projected to grow at a CAGR of 9.6% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- CVG Announces First Quarter 2024 Earnings CallGlobeNewswire
- Automotive Tensioner Market to Reach $4.0 Billion, Globally, by 2032 at 5.6% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Is Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Trading At A 29% Discount? [Yahoo! Finance]Yahoo! Finance
CVGI
Earnings
- 3/4/24 - Miss
CVGI
Sec Filings
- 4/19/24 - Form DEF
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- CVGI's page on the SEC website