Core Molding Technologies, Inc. (CMT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+57.1%

$35.11

vs $22.35 price

Levered DCF

$35.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.22

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	15.31×	10.81×	7.82×	9.02×	15.47×	14.37×	-1.68×	-11.47×
P/B	1.09×	0.98×	1.14×	0.95×	0.69×	1.19×	0.3×	0.55×
P/S	0.63×	0.48×	0.44×	0.29×	0.22×	0.5×	0.09×	0.2×
EV / EBITDA	6.13×	4.06×	3.97×	4.61×	4.03×	6.26×	-73.22×	18.04×
Gross margin	17.4%	17.6%	18.0%	13.9%	13.4%	15.5%	7.6%	10.1%
Operating margin	5.2%	5.5%	7.4%	4.8%	3.6%	4.7%	-4.1%	-1.2%
Net margin	4.1%	4.4%	5.7%	3.2%	1.5%	3.7%	-5.4%	-1.8%
Current ratio	3.02×	2.8×	2.23×	1.59×	1.42×	1.57×	0.73×	2.06×
Debt / equity	0.21×	0.16×	0.17×	0.22×	0.3×	0.33×	0.64×	0.59×
Interest coverage	120.49×	179.52×	26.25×	8.34×	4.79×	1.75×	-2.78×	-1.29×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.4%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-16.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.1%	9.0%	14.6%	10.5%	4.7%	8.7%	-18.0%	-4.8%
Return on invested capital	5.5%	7.2%	12.4%	10.0%	4.1%	7.8%	-7.7%	-1.6%
Return on assets	4.9%	6.3%	9.5%	6.1%	2.5%	4.9%	-8.5%	-2.4%
Free cash flow yield	1.1%	16.4%	16.2%	2.2%	1.4%	21.9%	36.3%	-22.5%
Earnings yield	6.5%	9.2%	12.8%	11.1%	6.8%	7.3%	-59.8%	-8.7%
Enterprise value	$166.4M	$125.7M	$157.3M	$132M	$92.1M	$138.5M	$77.5M	$111.3M
Net debt / EBITDA	-0.19×	-0.58×	-0.03×	0.76×	1.03×	1.21×	-49.17×	9.15×
Cash conversion cycle (days)	58	45	47	39	48	48	45	67