CTRI CTRI

Name: CTRI Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 7, 2026

Price at analysis: $29.95

Crucible Score

44.7

C-

Quality × Value Composite

KQI — Quality

45.8

C-

Fundamental Quality Index

KVI — Value

43.3

Valuation Attractiveness Index

Crucible Verdict — CTRI

Crucible Score Research's (CTRI) C- rating reflects weak financial fundamentals and management execution that overshadow its decent competitive moat. The stock trades near fair value at $30 versus a $31 base case, but poor earnings consistency (47% beat rate) and financial quality concerns make this a show-me story. CTRI needs demonstrable margin improvement to justify investor confidence.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

33.8

Growth Profile⚠

52.0

Moat Durability⚠

58.9

Management Effectiveness⚠

38.9

Diversification & Resilience

38.5

Market Position

48.0

Weakest dimension: Financial Quality (33.8)

◆ KVI Value Dimensions

DCF Margin of Safety

49.7

FCF Yield & Cash Returns

30.8

Relative Valuation

55.7

Growth-Adjusted Value

41.6

Historical Valuation

33.8

Macro Context

33.8

◆ DCF Valuation Scenarios

Bear Case

$18.52

Base Case

$30.87

Bull Case

$47.21

Price at Analysis

$29.95

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$18.52	2.0%	3.0%	8.2%
🟢 Base	$30.87	3.5%	4.0%	7.7%
🟢 Bull	$47.21	5.0%	5.5%	7.2%

Key Assumptions: CTRI is a regulated gas utility with volatile historical margins ranging from -3.7% to 4.6% operating margin and revenue around $2.2B-$2.9B. Base case assumes modest 3.5% revenue CAGR with operating margins normalizing to 4%, reflecting recent improvement trends. WACC calculated using CAPM with 0.64 beta and 5.5% ERP for a regulated utility, yielding 7.19%-8.19% across scenarios. High debt load (~$1.3B) relative to equity constrains valuation; capex intensity remains elevated consistent with utility infrastructure investment needs.

◆ Financial Snapshot

Profitability

Gross Margin8.5%

Operating Margin3.2%

Net Margin80.0%

ROIC4.8%

ROE-19.4%

Balance Sheet

Balance SheetCR: 1.78

Cash ConversionFCF/EPS: -0.38x

Capital IntensityCapex/Rev: 3.0%

Altman Z-Score2.62 (Grey)

Piotroski F-Score8/9 (Strong)

Growth

Revenue CAGR8.4% CAGR

Earnings CAGR-29.5% CAGR (suspect)

Growth ConsistencyCV: 1.25

Segment BreadthInsufficient segments

Quarterly TrendRev∆, Margin↑

Earnings CredibilityMixed

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership< 1%

Compensation76% performance-based

Insider ActivityStrong Buying

Capital AllocationROIC 4.8% vs WACC 19.3%

Earnings Beat Rate47% (7/14)

◆ 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.