CPI Aerostructures Inc. Common Stock (CVU)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach CPI Aerostructures as a Graham-style bargain hunter would: first ask what is proven, then ask what is paid. The business is a 192-employee contract manufacturer of aircraft structures for commercial and defense programs. On the filed record, scale is modest and uneven: revenue was $86.5M in FY2023, $81.1M in FY2024, and $69.3M in FY2025; net income was $17.2M, $3.3M, and -$843,361, respectively. The latest filings are better—fiscal Q1 2026 revenue was $17.4M with net income of $1.2M, and fiscal Q2 2026 revenue was $17.6M with net income of $685,615—but two quarters do not erase the annual decline or the FY2025 loss. FairStock’s Lynch label is TURNAROUND—loss in the latest year after earlier profits—and that fits. Quality signals are weak: ROCE is 4.99%, free cash flow is -$2.4M, FCF yield is -3.8%, D/E is 1.00, Piotroski is 2/9, and Altman Z is 0.55. I see no evidence of a durable moat; contract aerospace work can be sticky, but the numbers show thin returns and cash strain. Valuation does not offer an obvious margin of safety: at the $4.77 close on 2026-10-26, FairStock’s Graham Number is $3.73, a -30.29% margin of safety, with P/E 16.45, P/B 2.24, EV/EBITDA 12.60, and a FairStock score of 29/100. PEG of 0.09 and ROE of 14.37% may hint at recovery, but sustained profit and positive cash flow are still needed before this looks like a proven value compounder rather than a speculative turnaround.

In plain English: CPI Aerostructures makes aircraft parts and assemblies for commercial and defense planes and helicopters. Recent filed quarters show small profits, but annual results have been uneven and cash generation has been negative. At $4.77, the stock does not look clearly cheap against the company’s earnings and asset values.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer