CPRT CPRT

Name: CPRT Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 7, 2026

Price at analysis: $33.02

Crucible Score

65.4

B-

Quality × Value Composite

KQI — Quality

69.2

Fundamental Quality Index

KVI — Value

60.7

C+

Valuation Attractiveness Index

Crucible Verdict — CPRT

Crucible Royalty Trust (CPRT) shows solid fundamentals with strong financial quality (81) and market position (80), but management effectiveness lags at just 53 amid insider selling. The B- grade reflects this quality-execution disconnect, though shares trade at a 14% discount to fair value. CPRT's performance hinges on whether new CEO Woodman can translate the company's strong foundation into consistent operational results.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

81.1

Growth Profile

68.5

Moat Durability⚠

74.5

Management Effectiveness

53.3

Diversification & Resilience⚠

47.0

Market Position

80.0

Weakest dimension: Diversification & Resilience (47.0)

◆ KVI Value Dimensions

DCF Margin of Safety

61.6

FCF Yield & Cash Returns

39.7

Relative Valuation

71.6

Growth-Adjusted Value

52.6

Historical Valuation

94.5

Macro Context

72.1

◆ DCF Valuation Scenarios

Bear Case

$24.18

Base Case

$37.52

Bull Case

$56.89

Price at Analysis

$33.02

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$24.18	7.0%	34.0%	10.5%
🟢 Base	$37.52	10.0%	37.0%	9.7%
🟢 Bull	$56.89	13.0%	40.0%	9.0%

Key Assumptions: Revenue growth anchored to 5-year CAGR of ~14.6% but decelerating as CPRT matures; operating margins have compressed from 42.2% to 36.5% over the period, so base case assumes stabilization around 37% while bear assumes continued compression. WACC uses CAPM with 5.5% ERP and beta of 1.14, yielding ~10.6% cost of equity, adjusted modestly across scenarios given near-zero net debt. Capex intensity averaged ~11.5% of revenue over the period, maintained across scenarios.

◆ Financial Snapshot

Profitability

Gross Margin45.3%

Operating Margin36.5%

Net Margin33.8%

ROIC13.5%

ROE15.9%

Balance Sheet

Balance SheetD/E: 0.01*, CR: 10.06* (* = TTM)

Cash ConversionFCF/EPS: 0.90x

Capital IntensityCapex/Rev: 12.2%

Altman Z-Score27.00 (Safe)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR14.6% CAGR

Earnings CAGR13.5% CAGR

Growth ConsistencyCV: 0.47

Segment Breadth2/2 growing (100%)

Quarterly TrendRev↓, Margin↓, Cash↓, WC↓

Earnings CredibilityMixed

◆ Analyst Consensus & Leadership

Leadership & Governance

CEORyan Woodman · 3 years

CEO Ownership9.6%

Compensation53% performance-based

Insider ActivitySelling

Capital AllocationROIC 13.5% vs WACC 10.8%

Earnings Beat Rate52% (11/22)

◆ 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 7, 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.