CompX International Inc.

AI-generated fair value estimate for this company.

Method: Capitalized normalized free cash flow plus net cash. CompX International (confirmed as CIX, NYSE American) trades at $37.40-37.52/share, market cap ~$462M on 12.336M shares outstanding. FY2025 revenue was $158.29M (+8.46% YoY), TTM revenue $161.83M (+6.0%), FY2025 net income $19.48M (EPS $1.79), and the balance sheet carries $52.4M of cash and zero debt (both FY2025 and TTM). Treating FY2025 net income (~$19.48M) as a proxy for normalized FCF in this low-capex manufacturer and capitalizing it at 15x (below its current trailing P/E of ~21.8x, for a margin of safety) gives ~$292.2M of operating value; adding the $52.4M net cash gives total equity value of ~$344.6M, or ~$27.90/share across 12.336M shares.

Reasoning: CompX is a stable, debt-free niche manufacturer (marine components and security products/locks) with modest single-digit organic growth and a fortress balance sheet, so a capitalized-earnings/FCF approach that separately credits its large net cash hoard better captures intrinsic value here than a high-growth DCF.