Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Cooper Tire & Rubber's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTB's share price has been volatile over the past 3 months.
7 Day Return
US Auto Components
1 Year Return
US Auto Components
Return vs Industry: CTB exceeded the US Auto Components industry which returned -40.2% over the past year.
Return vs Market: CTB underperformed the US Market which returned -8.1% over the past year.
Price Volatility Vs. Market
How volatile is Cooper Tire & Rubber's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Cooper Tire & Rubber Company's (NYSE:CTB) P/E Ratio
1 month ago | Simply Wall StEarnings Beat: Cooper Tire & Rubber Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
1 month ago | Simply Wall StCooper Tire & Rubber Company (NYSE:CTB) Will Pay A US$0.10 Dividend In 4 Days
Is Cooper Tire & Rubber undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTB ($20.49) is trading below our estimate of fair value ($52.9)
Significantly Below Fair Value: CTB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTB is good value based on its PE Ratio (10.7x) compared to the Auto Components industry average (11.6x).
PE vs Market: CTB is good value based on its PE Ratio (10.7x) compared to the US market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: CTB is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: CTB is overvalued based on its PB Ratio (0.8x) compared to the US Auto Components industry average (0.7x).
How is Cooper Tire & Rubber forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTB's forecast earnings growth (21.7% per year) is above the savings rate (1.7%).
Earnings vs Market: CTB's earnings (21.7% per year) are forecast to grow faster than the US market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CTB's revenue (0.2% per year) is forecast to grow slower than the US market (6.9% per year).
High Growth Revenue: CTB's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTB's Return on Equity is forecast to be low in 3 years time (11.5%).
How has Cooper Tire & Rubber performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTB has a large one-off loss of $49.9M impacting its December 31 2019 financial results.
Growing Profit Margin: CTB's current net profit margins (3.5%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: CTB's earnings have declined by -28.1% per year over the past 5 years.
Accelerating Growth: CTB's earnings growth over the past year (25.9%) exceeds its 5-year average (-28.1% per year).
Earnings vs Industry: CTB earnings growth over the past year (25.9%) exceeded the Auto Components industry -4.2%.
Return on Equity
High ROE: CTB's Return on Equity (7.4%) is considered low.
How is Cooper Tire & Rubber's financial position?
Financial Position Analysis
Short Term Liabilities: CTB's short term assets ($1.5B) exceed its short term liabilities ($604.1M).
Long Term Liabilities: CTB's short term assets ($1.5B) exceed its long term liabilities ($870.5M).
Debt to Equity History and Analysis
Debt Level: CTB's debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: CTB's debt to equity ratio has reduced from 40.2% to 24.9% over the past 5 years.
Debt Coverage: CTB's debt is well covered by operating cash flow (87.9%).
Interest Coverage: CTB's interest payments on its debt are well covered by EBIT (8.4x coverage).
What is Cooper Tire & Rubber's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTB's dividend (2.05%) is higher than the bottom 25% of dividend payers in the US market (1.89%).
High Dividend: CTB's dividend (2.05%) is low compared to the top 25% of dividend payers in the US market (5.26%).
Stability and Growth of Payments
Stable Dividend: CTB's dividends per share have been stable in the past 10 years.
Growing Dividend: CTB's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.9%), CTB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTB's dividends in 3 years are forecast to be thoroughly covered by earnings (14.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Hughes (57yo)
Mr. Bradley E. Hughes, also known as Brad, has been the Chief Executive Officer and President of Cooper Tire & Rubber Co. since September 1, 2016. Mr. Hughes served as the Chief Operating Officer and Senio ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD5.46M) is above average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Brad's compensation has increased by more than 20% in the past year.
|Senior VP & CFO||1.33yrs||US$1.84m||0.0043% $44.7k|
|Senior VP||9yrs||US$1.47m||0.14% $1.4m|
|Chief Accounting Officer||no data||no data||0.0031% $31.8k|
|Senior VP & CTO||0.42yr||no data||no data|
|Senior Vice President of Global Operations & Procurement||2.08yrs||no data||no data|
|Senior Vice President of Transformation||0.58yr||no data||no data|
|Senior VP & President of Americas||2.08yrs||no data||no data|
|VP & Treasurer||2.17yrs||no data||no data|
|Director of Corporate Strategy and International Sales & Marketing||no data||no data||no data|
Experienced Management: CTB's management team is considered experienced (2.1 years average tenure).
|Independent Director||1.5yrs||US$225.00k||no data|
|Independent Director||12.67yrs||US$240.00k||0.0060% $61.5k|
|Independent Director||4.17yrs||US$225.00k||no data|
|Independent Non-Executive Chairman||3.58yrs||US$362.00k||no data|
|Independent Director||14.25yrs||US$225.00k||0.0052% $53.9k|
|Independent Director||17.25yrs||US$225.00k||0.0080% $82.8k|
|Independent Director||4.5yrs||US$225.00k||no data|
|Independent Director||2.42yrs||US$225.00k||no data|
|Independent Director||1.5yrs||US$225.00k||0.0050% $51.2k|
Experienced Board: CTB's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CTB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cooper Tire & Rubber Company's company bio, employee growth, exchange listings and data sources
- Name: Cooper Tire & Rubber Company
- Ticker: CTB
- Exchange: NYSE
- Founded: 1914
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: US$1.030b
- Shares outstanding: 50.27m
- Website: https://www.coopertire.com
Number of Employees
- Cooper Tire & Rubber Company
- 701 Lima Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTB||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|TI2||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It offers passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires. The company sells its products to independent tire dealers, wholesale distributors, regional and national retail tire chains, large retail chains, and other tire and automotive product retail chains, mass merchandisers, and digital channels as well as original equipment manufacturers; and directly to end users through three owned retail stores. Cooper Tire & Rubber Company was founded in 1914 and is headquartered in Findlay, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 01:20|
|End of Day Share Price||2020/04/08 00:00|
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.