CB CB

Name: CB Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 20, 2026

Price at analysis: $330.83

Crucible Score

72.7

Quality × Value Composite

KQI — Quality

67.9

B-

Fundamental Quality Index

KVI — Value

78.5

B+

Valuation Attractiveness Index

Crucible Verdict — CB

Crucible's (CB) quality lags its value proposition, with a 67.9 KQI dragged down by poor diversification scores despite strong management effectiveness under Glenn Fogel's leadership. The stock trades at a 16% discount to fair value and shows a perfect earnings beat streak, but CB's concentrated business model creates meaningful downside risk. Monitor diversification improvements and sector rotation impact.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

74.5

Growth Profile⚠

62.5

Moat Durability⚠

67.3

Management Effectiveness

80.3

Diversification & Resilience

14.0

Market Position

68.0

Weakest dimension: Diversification & Resilience (14.0)

◆ KVI Value Dimensions

DCF Margin of Safety

73.3

FCF Yield & Cash Returns

86.9

Relative Valuation

95.0

Growth-Adjusted Value

79.3

Historical Valuation

40.3

Macro Context

95.0

◆ DCF Valuation Scenarios

Bear Case

$285.42

Base Case

$382.15

Bull Case

$498.70

Price at Analysis

$330.83

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$285.42	4.0%	18.0%	7.3%
🟢 Base	$382.15	6.5%	22.0%	6.8%
🟢 Bull	$498.70	8.5%	27.0%	6.3%

Key Assumptions: CB is an insurance company with zero capex and strong operating cash flow conversion averaging ~25% of revenue. WACC is low given beta of 0.50 (CAPM: 4.32% + 0.50 × 5.0% = 6.82% base). Revenue growth anchored to 5-year CAGR of ~10% but normalized lower given cyclical tailwinds in recent years; operating margins range from 15-39% historically with base case assuming sustainable mid-cycle margin around 22%. Tax rate set at 14.5% reflecting historical effective rates averaging well below statutory due to international operations.

◆ Financial Snapshot

Profitability

Gross Margin33.4%

Operating Margin21.8%

Net Margin17.3%

ROIC247.0%

ROE10.6%

Balance Sheet

Balance SheetCR: 0.00

Cash ConversionFCF/EPS: 1.31x

Capital IntensityCapex/Rev: 0.0%

Altman Z-Score1.37 (Distress)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR9.9% CAGR

Earnings CAGR4.9% CAGR

Growth ConsistencyCV: 0.64

Segment BreadthInsufficient segments

Quarterly TrendMargin↑

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOGlenn Fogel · 9 years

CEO Ownership< 1%

Compensation90% performance-based

Insider ActivitySelling

Capital AllocationROIC 247.0% vs WACC 2.7%

Earnings Beat Rate100% (22/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 20, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.