DB:RG6

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. More Details


Snowflake Analysis

Excellent balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Rogers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RG6's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.4%

RG6

-3.1%

DE Electronic

-7.3%

DE Market


1 Year Return

-28.1%

RG6

-8.1%

DE Electronic

-7.7%

DE Market

Return vs Industry: RG6 underperformed the German Electronic industry which returned -8.1% over the past year.

Return vs Market: RG6 underperformed the German Market which returned -6.6% over the past year.


Shareholder returns

RG6IndustryMarket
7 Day-8.4%-3.1%-7.3%
30 Day3.0%-6.8%-7.7%
90 Day-14.7%-6.1%-4.5%
1 Year-28.1%-28.1%-5.7%-8.1%-4.8%-7.7%
3 Year-33.0%-33.0%-11.6%-15.8%-9.2%-17.2%
5 Year81.6%81.6%75.0%62.3%11.4%-4.5%

Price Volatility Vs. Market

How volatile is Rogers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rogers undervalued compared to its fair value and its price relative to the market?

375.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RG6 (€87) is trading above our estimate of fair value (€72.39)

Significantly Below Fair Value: RG6 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RG6 is poor value based on its PE Ratio (375.3x) compared to the DE Electronic industry average (33x).

PE vs Market: RG6 is poor value based on its PE Ratio (375.3x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RG6's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RG6 is overvalued based on its PB Ratio (2.3x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is Rogers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RG6's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if RG6's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RG6's revenue (8.3% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: RG6's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RG6's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rogers performed over the past 5 years?

0.08%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RG6 has a large one-off loss of $64.4M impacting its September 30 2020 financial results.

Growing Profit Margin: RG6's current net profit margins (0.8%) are lower than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: RG6's earnings have grown by 0.08% per year over the past 5 years.

Accelerating Growth: RG6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RG6 had negative earnings growth (-94%) over the past year, making it difficult to compare to the Electronic industry average (-42.2%).


Return on Equity

High ROE: RG6's Return on Equity (0.6%) is considered low.


Next Steps

Financial Health

How is Rogers's financial position?


Financial Position Analysis

Short Term Liabilities: RG6's short term assets ($474.4M) exceed its short term liabilities ($106.4M).

Long Term Liabilities: RG6's short term assets ($474.4M) exceed its long term liabilities ($178.7M).


Debt to Equity History and Analysis

Debt Level: RG6's debt to equity ratio (5.2%) is considered satisfactory.

Reducing Debt: RG6's debt to equity ratio has reduced from 31.1% to 5.2% over the past 5 years.

Debt Coverage: RG6's debt is well covered by operating cash flow (291.8%).

Interest Coverage: RG6's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Rogers's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RG6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RG6's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RG6's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RG6's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RG6's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Bruce Hoechner (60 yo)

9yrs

Tenure

US$4,036,172

Compensation

Mr. Bruce D. Hoechner has been the Chief Executive Officer, Principal Executive Officer and President at Rogers Corporation (also know as: Rogers Advanced Circuit Materials Division ) since October 03, 201 ...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD4.04M) is above average for companies of similar size in the German market ($USD1.53M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Hoechner
President9yrsUS$4.04m0.61%
$ 10.1m
Michael Ludwig
Senior VP2.08yrsUS$1.59m0.0093%
$ 153.1k
Peter Williams
Senior Vice President of Global Operations & Supply Chain1.25yrsUS$890.98kno data
Robert Daigle
Senior VP & CTO11.75yrsUS$1.20m0.085%
$ 1.4m
Jay Knoll
Senior VP of Corporate Development5.92yrsUS$1.11m0.044%
$ 718.2k
Mark Weaver
Chief Accounting Officer2.58yrsUS$377.49k0.0075%
$ 123.4k
Stephen Haymore
Director of Investor Relationsno datano datano data
Benjamin Buckley
VP of EH&S and Chief Human Resources Officer1.75yrsno datano data
Gary Glandon
Senior Vice President8.25yrsUS$722.30k0.057%
$ 941.0k
Jonathan Rowntree
Senior VP & GM of Advanced Connectivity Solutions1.75yrsno datano data
Randall Gouveia
Senior VP & GM of Elastomeric Material Solutions1.75yrsno data0.0016%
$ 26.6k

2.3yrs

Average Tenure

57yo

Average Age

Experienced Management: RG6's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Hoechner
President9yrsUS$4.04m0.61%
$ 10.1m
Peter Wallace
Lead Independent Director1.42yrsUS$229.22k0.080%
$ 1.3m
Keith Barnes
Independent Director5yrsUS$228.62k0.025%
$ 417.5k
Jeffrey Owens
Independent Director3.17yrsUS$221.95k0.024%
$ 393.3k
Helene Simonet-Lauriks
Independent Director6yrsUS$234.87k0.011%
$ 181.2k
Ganesh Moorthy
Independent Director7.25yrsUS$225.72k0.040%
$ 662.7k
Carol Jensen
Independent Director14.58yrsUS$221.12k0.060%
$ 997.6k

6.0yrs

Average Tenure

66yo

Average Age

Experienced Board: RG6's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rogers Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rogers Corporation
  • Ticker: RG6
  • Exchange: DB
  • Founded: 1832
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$1.923b
  • Listing Market Cap: US$1.650b
  • Shares outstanding: 18.67m
  • Website: https://www.rogerscorp.com

Number of Employees


Location

  • Rogers Corporation
  • 2225 West Chandler Boulevard
  • Chandler
  • Arizona
  • 85224
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROGNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
RG6DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Powe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:49
End of Day Share Price2020/10/29 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.