The Moat Index

COMPX INTERNATIONAL INC

CIX · Industrials · $316.7M mkt cap · FY2025 filings · Narrow moat

On the watchlist

71/ 100
Narrow moat

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
10% below value
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.

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COMPX INTERNATIONAL INC (CIX) Moat Score — The Moat Index · Buy Like Buffett