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Stock

CDTi Advanced Materials

CDTI
21
Auto - Parts · Consumer Cyclical
Price
$2.09
-0.01 (-0.48%)
Market Cap
$9.4M
Exchange
Other OTC
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 17, 2026 · filings through Sep 30, 2018

§How the score breaks down

Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Weak

§Winston Score History

The full picture

CDTi Advanced Materials makes special coatings and technologies that help reduce harmful emissions from engines and vehicles. Its main products include catalytic converters and emission control systems used in cars, trucks, and industrial equipment. The company serves automakers, equipment manufacturers, and aftermarket customers who need to meet pollution regulations.

CDTi earns revenue by selling its emission control products and licensing its proprietary catalyst technologies to manufacturers. It operates primarily in North America with some international presence and is a small-cap company in the auto parts space. Its competitive edge comes from patented mixed-phase catalyst technology that can reduce the need for expensive precious metals like platinum and palladium. The key growth driver is tightening global emission standards, but the company faces risks from its small scale, limited cash flow, and the long-term shift toward electric vehicles that don't need traditional emission controls.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-70.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-81.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$1M/ year

Flat (+3% vs prior year)

12.0% of revenue

3.0x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

9.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~18 months

$3M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Revenue declining

CDTi Advanced Materials's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 4.5M (2021) → 4.5M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
44.8%
Healthy — 44.8% gross margin
Profit after running costs
Operating Margin
-41.7%
Losing money on operations — -41.7%
Return on the money invested
ROCE
-133.1%
Weak — -133.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-55.5%
Shrinking sales (-55.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-15.7%
Burning cash (-15.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
116.1x
Expensive — P/E 116.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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