COMPX INTERNATIONAL INC
CIX · Industrials · $316.7M mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power52
Median gross margin 30.5% over 10y, very stable.
Returns on capital75
Median ROIC 14.2%, above the 9% hurdle in 100% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline63
Owner earnings +6.6%/yr, share count flat.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $19.5M
- Est. intrinsic value / share
- $28.45
- Recent price
- $25.70
- Discount to value
- 10% below value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.