CDT vs CDXS

CDT Equity Inc. vs Codexis, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — CDXS scores higher on quality with 6.1/10 vs CDT's 4.1/10. CDT trades at $0.85 while CDXS trades at $2.69. Both analyzed daily using SEC EDGAR data across 13 institutional models.

CDT

Biotechnology
CDT Equity Inc.
Quality
4.1
out of 10
Value Trap
27
LOW
Price
$0.85
Last close
Models
8/13
Active
VS

CDXS

Biotechnology
Codexis, Inc.
Quality
6.1
out of 10
Value Trap
20
SAFE
Price
$2.69
Last close
Models
11/13
Active
CDT
Dynamic NAV sees +27.5% upside
Quality 4.1/10 — below average
CDXS
2 models active
Limited to 2/13 visible models

CDT vs CDXS — Fair Value Comparison

CDT
$0$0$1$1 Price$0.85 Bayesian …$0.53 (-37.6%) Dynamic N…$1.08 (+27.5%)
CDXS
$0$1$2$3 Price$2.69 Bayesian …$0.37 (-86.3%) Earnings …$0.90 (-66.4%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType CDT Fair ValueCDT Upside CDXS Fair ValueCDXS Upside
Bayesian DCF Intrinsic $0.53 -37.6% $0.37 -86.3%
Earnings Power Value Intrinsic $0.90 -66.4%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $1.08 +27.5% $0.78 -71.1%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

CDT vs CDXS — Which Stock Is More Undervalued in 2026?

CDXS scores higher with a 6.1/10 quality rating vs CDT's 4.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do CDT and CDXS Valuations Compare?

At $0.85, CDT trades +37.6% above its Bayesian DCF fair value of $0.53, while CDXS at $2.69 trades +86.3% above its estimate of $0.37. CDXS shows a wider gap between price and intrinsic value.

Quality of Company: CDT vs CDXS

CDT earns a Quality of Company score of 4.1/10 compared to CDXS's 6.1/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: CDT vs CDXS

CDT carries a LOW value trap risk (27/100) while CDXS shows SAFE risk (20/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Biotechnology

Both CDT and CDXS operate in Biotechnology, which has 566 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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