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Rogers

DB:RG6
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RG6
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The last earnings update was 63 days ago. More info.


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  • Rogers has significant price volatility in the past 3 months.
RG6 Share Price and Events
7 Day Returns
-0.3%
DB:RG6
1.6%
DE Electronic
0.8%
DE Market
1 Year Returns
54.3%
DB:RG6
2.7%
DE Electronic
-4.5%
DE Market
RG6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rogers (RG6) -0.3% 8.8% 40.9% 54.3% 193% 243.6%
DE Electronic 1.6% 10.5% 19.9% 2.7% 97.7% 106%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • RG6 outperformed the Electronic industry which returned 2.7% over the past year.
  • RG6 outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
RG6
Industry
5yr Volatility vs Market

RG6 Value

 Is Rogers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rogers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rogers.

DB:RG6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RG6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (7.34%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.087 * 5.96%)
6.71%

Discounted Cash Flow Calculation for DB:RG6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rogers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:RG6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.71%)
2019 10.42 Est @ -35.35% 9.77
2020 7.85 Est @ -24.68% 6.90
2021 6.50 Est @ -17.21% 5.35
2022 5.72 Est @ -11.98% 4.41
2023 5.25 Est @ -8.31% 3.79
2024 4.94 Est @ -5.75% 3.35
2025 4.75 Est @ -3.96% 3.01
2026 4.62 Est @ -2.7% 2.75
2027 4.54 Est @ -1.82% 2.53
2028 4.48 Est @ -1.21% 2.34
Present value of next 10 years cash flows $44.20
DB:RG6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $4.48 × (1 + 0.23%) ÷ (6.71% – 0.23%)
$69.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $69.31 ÷ (1 + 6.71%)10
$36.21
DB:RG6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $44.20 + $36.21
$80.41
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $80.41 / 18.53
$4.34
DB:RG6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RG6 represents 0.89369x of NYSE:ROG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89369x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.34 x 0.89369
€3.88
Value per share (EUR) From above. €3.88
Current discount Discount to share price of €149.14
= -1 x (€149.14 - €3.88) / €3.88
-3746.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Rogers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rogers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rogers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RG6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.77
NYSE:ROG Share Price ** NYSE (2019-04-25) in USD $166.88
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rogers.

DB:RG6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ROG Share Price ÷ EPS (both in USD)

= 166.88 ÷ 4.77

34.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is overvalued based on earnings compared to the DE Electronic industry average.
  • Rogers is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Rogers's expected growth come at a high price?
Raw Data
DB:RG6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.1%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.18x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:RG6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.98x ÷ 14.1%

2.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rogers's assets?
Raw Data
DB:RG6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $46.12
NYSE:ROG Share Price * NYSE (2019-04-25) in USD $166.88
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:RG6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ROG Share Price ÷ Book Value per Share (both in USD)

= 166.88 ÷ 46.12

3.62x

* Primary Listing of Rogers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Rogers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Rogers has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RG6 Future Performance

 How is Rogers expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rogers expected to grow at an attractive rate?
  • Rogers's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rogers's earnings growth is expected to exceed the Germany market average.
  • Rogers's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RG6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RG6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.1%
DB:RG6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.1%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RG6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RG6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,014 116 2
2019-12-31 937 103 2
DB:RG6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 879 67 88
2018-09-30 865 73 70
2018-06-30 845 97 76
2018-03-31 832 125 80
2017-12-31 821 139 80
2017-09-30 785 123 85
2017-06-30 744 130 76
2017-03-31 700 114 60
2016-12-31 656 117 48
2016-09-30 636 123 43
2016-06-30 631 103 39
2016-03-31 637 87 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rogers's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Rogers's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RG6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Rogers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RG6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 6.53 6.83 6.23 2.00
2019-12-31 5.17 5.52 4.81 2.00
DB:RG6 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.77
2018-09-30 3.83
2018-06-30 4.16
2018-03-31 4.37
2017-12-31 4.43
2017-09-30 4.72
2017-06-30 4.21
2017-03-31 3.35
2016-12-31 2.68
2016-09-30 2.39
2016-06-30 2.18
2016-03-31 2.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rogers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rogers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rogers has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RG6 Past Performance

  How has Rogers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rogers's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rogers's year on year earnings growth rate has been positive over the past 5 years.
  • Rogers's 1-year earnings growth is less than its 5-year average (8.9% vs 13.4%)
  • Rogers's earnings growth has not exceeded the DE Electronic industry average in the past year (8.9% vs 18.1%).
Earnings and Revenue History
Rogers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rogers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RG6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 879.09 87.65 161.33 33.08
2018-09-30 865.16 70.20 161.70 32.55
2018-06-30 845.08 76.00 161.97 32.33
2018-03-31 831.83 79.56 159.44 30.72
2017-12-31 821.04 80.46 153.41 29.55
2017-09-30 785.04 85.37 151.29 29.18
2017-06-30 743.51 75.91 142.57 29.06
2017-03-31 699.58 60.39 136.93 28.99
2016-12-31 656.31 48.28 134.22 28.58
2016-09-30 636.24 42.95 124.82 28.11
2016-06-30 631.35 39.43 122.12 28.11
2016-03-31 636.96 47.61 120.28 28.09
2015-12-31 641.44 46.32 126.96 27.64
2015-09-30 636.24 47.28 121.93 26.07
2015-06-30 638.93 55.13 122.62 24.76
2015-03-31 629.32 52.48 122.69 24.12
2014-12-31 610.91 53.41 122.14 22.88
2014-09-30 599.42 57.40 120.24 22.02
2014-06-30 579.19 50.58 116.24 21.41
2014-03-31 558.14 45.26 108.99 21.24
2013-12-31 537.48 38.20 105.60 21.65
2013-09-30 525.43 31.31 96.08 21.59
2013-06-30 511.74 76.86 94.97 21.03
2013-03-31 504.59 77.70 91.96 19.26
2012-12-31 498.76 69.13 91.99 19.31
2012-09-30 496.15 68.05 93.37 19.94
2012-06-30 514.36 24.58 96.46 20.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rogers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rogers used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Rogers's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Rogers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rogers has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RG6 Health

 How is Rogers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rogers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rogers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rogers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rogers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rogers Company Filings, last reported 3 months ago.

DB:RG6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 848.32 233.53 167.74
2018-09-30 826.38 238.70 151.27
2018-06-30 804.79 136.99 174.70
2018-03-31 799.02 137.44 173.02
2017-12-31 766.57 137.43 181.20
2017-09-30 751.10 136.86 150.99
2017-06-30 718.26 196.78 177.31
2017-03-31 679.24 246.51 186.11
2016-12-31 635.79 244.87 227.77
2016-09-30 629.84 80.00 173.52
2016-06-30 613.19 180.89 247.40
2016-03-31 610.29 181.68 229.20
2015-12-31 584.58 182.36 204.59
2015-09-30 576.13 185.37 192.61
2015-06-30 599.89 186.23 209.76
2015-03-31 573.07 186.08 199.86
2014-12-31 587.28 66.79 237.38
2014-09-30 596.98 72.31 227.97
2014-06-30 597.31 78.06 218.69
2014-03-31 581.89 81.97 216.46
2013-12-31 555.53 85.82 191.88
2013-09-30 514.91 89.54 158.61
2013-06-30 470.38 100.99 137.02
2013-03-31 436.37 103.74 126.41
2012-12-31 434.15 106.73 114.86
2012-09-30 416.88 114.44 91.10
2012-06-30 345.34 128.52 95.79
  • Rogers's level of debt (27.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.4% vs 27.5% today).
  • Debt is well covered by operating cash flow (28.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19x coverage).
X
Financial health checks
We assess Rogers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rogers has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RG6 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rogers dividends.
If you bought €2,000 of Rogers shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rogers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rogers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RG6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RG6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rogers has not reported any payouts.
  • Unable to verify if Rogers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rogers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rogers has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rogers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rogers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rogers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RG6 Management

 What is the CEO of Rogers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Hoechner
COMPENSATION $3,673,711
AGE 58
TENURE AS CEO 7.5 years
CEO Bio

Mr. Bruce D. Hoechner has been the Chief Executive Officer and President at Rogers Corporation (also know as: Rogers Advanced Circuit Materials Division ) since October 03, 2011. Mr. Hoechner served as Vice President and General Manager of Paint and Coatings Materials of Asia & Pacific (outside India) of Rohm and Haas Company since January 1, 2007. He joined Rohm and Haas in 1981 and served as Process Design Engineer in Corporate Engineering. From October 2009 to October 2011, he served as the President of Asia Pacific region, based in Shanghai, China, for Dow Chemical Company. He transferred to the Bayport, Texas plant in 1983 as Plant Engineer. He moved to the Home Office in 1985 to assume the position of Operations and Customer Service Manager of Plastics Additives for North America. In 1990, he relocated to Singapore as Home Office's Business Development Manager for Plastics Additives, Asia-Pacific, working with joint venture partner, Kureha Chemical. Transferring to Philadelphia in 1994, he served as North American Group Marketing Manager for Paper, Textile and Nonwovens Business Unit. In 1996, he served as the Worldwide Business Unit Director for Leather Chemicals. In 1997, he returned to the Asia-Pacific Region and served as General Manager of Rohm and Haas Thailand and Building Products Business Manager for Asia-Pacific. Returning to the Home Office in 1999, he served as Global Business Director of the Textile, Nonwovens and Leather businesses. In 2000, he served as Director of e-Transformation and he led the Rohm and Haas worldwide business process redesign, ERP implementation and e-Business. He has been a Director at Curtiss-Wright Corporation since May 11, 2017 and Rogers Corporation since October 3, 2011. He serves as a Director of Elemica. Mr. Hoechner studied B.S. degree in Chemical Engineering from Pennsylvania State University in 1981. In 1989, he completed the Wharton Executive Management Program at the University of Pennsylvania Wharton School of Business.

CEO Compensation
  • Bruce's compensation has been consistent with company performance over the past year.
  • Bruce's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Rogers management team in years:

3.3
Average Tenure
55
Average Age
  • The tenure for the Rogers management team is about average.
Management Team

Bruce Hoechner

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
7.5 yrs

Mike Ludwig

TITLE
Senior VP
COMPENSATION
$1M
AGE
57
TENURE
0.6 yrs

Mark Weaver

TITLE
Principal Accounting Officer & Corporate Controller
COMPENSATION
$377K
AGE
58
TENURE
1.1 yrs

Bob Daigle

TITLE
Senior VP & CTO
COMPENSATION
$1M
AGE
55
TENURE
10.3 yrs

Helen Zhang

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
2.3 yrs

Marc Beulque

TITLE
Vice President of Global Operations
AGE
53
TENURE
3.3 yrs

Jack Monti

TITLE
Director of Investor Relations

Jay Knoll

TITLE
Senior VP of Corporate Development
COMPENSATION
$1M
AGE
55
TENURE
4.4 yrs

Benjamin Buckley

TITLE
VP & Chief Human Resources Officer
AGE
45
TENURE
0.3 yrs

Gary Glandon

TITLE
Senior Vice President
COMPENSATION
$722K
AGE
59
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the Rogers board of directors in years:

5.1
Average Tenure
63.5
Average Age
  • The tenure for the Rogers board of directors is about average.
Board of Directors

Bruce Hoechner

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
7.5 yrs

Pete Wallace

TITLE
Director
COMPENSATION
$220K
AGE
64
TENURE
8.8 yrs

Leen Simonet-Lauriks

TITLE
Director
COMPENSATION
$230K
AGE
66
TENURE
4.5 yrs

Keith Barnes

TITLE
Director
COMPENSATION
$224K
AGE
67
TENURE
3.5 yrs

Mike Barry

TITLE
Lead Director
COMPENSATION
$234K
AGE
60
TENURE
1.9 yrs

Carol Jensen

TITLE
Director
COMPENSATION
$216K
AGE
65
TENURE
13.2 yrs

Ganesh Moorthy

TITLE
Director
COMPENSATION
$218K
AGE
58
TENURE
5.8 yrs

Jeff Owens

TITLE
Director
COMPENSATION
$216K
AGE
63
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Rogers insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Feb 19 Sell Keith Barnes Individual 25. Feb 19 25. Feb 19 -700 €137.25 €-96,074
26. Feb 19 Sell Ganesh Moorthy Individual 22. Feb 19 22. Feb 19 -1,500 €136.69 €-205,042
25. Feb 19 Sell Benjamin Buckley Individual 22. Feb 19 22. Feb 19 -1,310 €136.69 €-179,070
25. Feb 19 Sell Marc Beulque Individual 22. Feb 19 22. Feb 19 -3,890 €134.49 €-523,165
25. Feb 19 Sell Jeffrey Grudzien Individual 22. Feb 19 22. Feb 19 -5,470 €134.93 €-738,071
25. Feb 19 Sell Jay Knoll Individual 22. Feb 19 22. Feb 19 -2,000 €134.31 €-268,615
25. Feb 19 Sell Helen Zhang Individual 22. Feb 19 22. Feb 19 -12,142 €136.24 €-1,649,572
31. Aug 18 Sell Christopher Shadday Individual 30. Aug 18 30. Aug 18 -1,500 €120.01 €-180,014
29. Aug 18 Sell Marc Beulque Individual 27. Aug 18 27. Aug 18 -2,865 €118.17 €-338,553
07. May 18 Sell Janice Stipp Individual 04. May 18 04. May 18 -181 €94.65 €-17,160
02. May 18 Sell Helen Zhang Individual 30. Apr 18 30. Apr 18 -9,325 €93.00 €-850,009
02. May 18 Sell Janice Stipp Individual 30. Apr 18 01. May 18 -9,392 €92.15 €-853,103
X
Management checks
We assess Rogers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rogers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RG6 News

Simply Wall St News

RG6 Company Info

Description

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in critical cushioning, sealing, and vibration management applications for the portable electronics, automotive, aerospace, rail, footwear, and printing end markets; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable, pressure-sensitive tapes, and automotive applications. It provides its products under the PORON, BISCO, DeWAL, ARLON, DSP, Griswold, eSORBA, XRD, HeatSORB, and R/bak names. The PES segment offers ceramic substrate materials for power module applications, laminated busbars for power inverter and high power interconnect applications, and micro-channel coolers. It sells its ceramic substrate materials and micro-channel coolers under the curamik name; and busbars under the ROLINX name. The Other segment provides elastomer components for applications in the ground transportation, office equipment, consumer, and other markets; elastomer floats for level sensing in fuel tanks, motors, and storage tanks; and inverters for portable communications and automotive markets. It offers its elastomer components under the NITROPHYL and ENDUR names. The company was founded in 1832 and is headquartered in Chandler, Arizona.

Details
Name: Rogers Corporation
RG6
Exchange: DB
Founded: 1832
$2,855,844,968
18,533,687
Website: http://www.rogerscorp.com
Address: Rogers Corporation
2225 West Chandler Boulevard,
Chandler,
Arizona, 85224,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ROG Common Stock New York Stock Exchange US USD 02. Jan 1968
DB RG6 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
3,700
Rogers employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:11
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.