Cadre Holdings, Inc.

Health Care
Industrial Specialties
www.cadre-holdings.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.33B
PE 41
Debt $208.08M
Cash $92.99M
EV $1.45B
FCF $28.16M

Earnings

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Sales & Net Margins

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Earnings	$32.74M
EBIT	$50.04M
ROE	11%
ROA	8%
FCF	$28.16M
Equity	$300.28M
Growth Stability	1
PE	40.74
PEG	8
PB	4.44
P/FCF	47.38
P/S	2.58
Price/Cash	0.07
Debt/Equity	0.69
Debt/FCF	7.39
Net Margins	6%
Gross Margins	40%
Op. Margins	10%
Earnings CAGR	5%
Sales Growth YoY	-13%
Sales Growth QoQ	-24%
Sales CAGR	38%
FCF CAGR	37%
Equity CAGR	138%
Earnings Stability	-0.78
Earnings Growth YoY	-67%
Earnings Growth QoQ	-71%
Earnings CAGR 5Y	5%

Sales CAGR 5Y	38%
FCF CAGR 5Y	37%
Equity CAGR 5Y	138%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	21%
Equity CAGR 3Y	51%
Market Cap	$1.33B
Revenue	$516.16M
Dividend Yield	1%
Payout Ratio	41%
Assets	$616.62M
Total Debt	$208.08M
Cash	$92.99M
Shares Outstanding	39.72M
EV	1.45B
Earnings Score	6%
Moat Score	87%
Safety Score	80%
Final Score	58%
Working Capital	190.83M
Current Ratio	3.01
Gross Profit	$206.05M
Shares Growth 3y	8%
Equity Growth QoQ	0%
Equity Growth YoY	58%

Assets & ROA

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Stockholders Equity & ROE

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Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. Its operations are comprised of two reportable segments: Products and Distribution.

SEC Filings

Direct access to Cadre Holdings, Inc. (CDRE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cadre Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cadre Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability -78%

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Cadre Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cadre Holdings, Inc..

Years

Calculation mode

= $3.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$28M	$39M	$53M	$72M	$99M	$135M	$185M	$253M	$346M	$473M	$647M	$6.5B
DCF		$35M	$44M	$54M	$67M	$84M	$104M	$130M	$161M	$201M	$250M	$2.5B
Value	$3.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	08/2021	12/2021	12/2022	12/2023	TTM
Net Margins	-10%	-	-3%	1%	8%	6%
ROA	-	-	17%	4%	13%	8%
ROE	-	-	-14%	4%	20%	11%

Bad Net Margins (5.91%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	08/2021	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	4.34	3.61	2.11	7.39
Debt over Equity	25.51	-	1.82	0.91	0.71	0.69
Growth Stability	-	-	-	-	-	1

Bad Debt/FCF ratio (7.39)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.69)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	08/2021	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	7%	5%	38%
Earnings YoY growth	-	-	-	-146%	564%	5%
Equity YoY growth	-	-	-	87%	19%	138%
FCF YoY growth	-	-	-	12%	59%	37%