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Cooper Tire & Rubber

NYSE:CTB
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTB
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The last earnings update was 58 days ago. More info.


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CTB Share Price and Events
7 Day Returns
0.7%
NYSE:CTB
1.3%
US Auto Components
-0.4%
US Market
1 Year Returns
14.3%
NYSE:CTB
-28.5%
US Auto Components
4.3%
US Market
CTB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cooper Tire & Rubber (CTB) 0.7% 7.1% 2.8% 14.3% 5.1% 5.3%
US Auto Components 1.3% 9.8% -0.5% -28.5% 8.3% -11.5%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • CTB outperformed the Auto Components industry which returned -28.5% over the past year.
  • CTB outperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
CTB
Industry
5yr Volatility vs Market

Value

 Is Cooper Tire & Rubber 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 Cooper Tire & Rubber 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 Cooper Tire & Rubber.

NYSE:CTB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:CTB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.205 (1 + (1- 21%) (26.75%))
1.308
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.308 * 5.96%)
10.52%

Discounted Cash Flow Calculation for NYSE:CTB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cooper Tire & Rubber 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.

NYSE:CTB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.52%)
2019 57.95 Analyst x2 52.43
2020 121.50 Analyst x3 99.46
2021 182.61 Est @ 50.3% 135.26
2022 248.40 Est @ 36.03% 166.47
2023 313.07 Est @ 26.04% 189.83
2024 372.70 Est @ 19.05% 204.47
2025 425.43 Est @ 14.15% 211.18
2026 471.06 Est @ 10.72% 211.56
2027 510.28 Est @ 8.33% 207.35
2028 544.20 Est @ 6.65% 200.08
Present value of next 10 years cash flows $1,678.09
NYSE:CTB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $544.20 × (1 + 2.73%) ÷ (10.52% – 2.73%)
$7,173.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,173.26 ÷ (1 + 10.52%)10
$2,637.34
NYSE:CTB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,678.09 + $2,637.34
$4,315.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,315.43 / 50.15
$86.05
NYSE:CTB Discount to Share Price
Calculation Result
Value per share (USD) From above. $86.05
Current discount Discount to share price of $31.03
= -1 x ($31.03 - $86.05) / $86.05
63.9%

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

Current Discount
Amount off the current price Cooper Tire & Rubber is available for.
Intrinsic value
>50%
Share price is $31.03 vs Future cash flow value of $86.05
Current Discount Checks
For Cooper Tire & Rubber to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cooper Tire & Rubber's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cooper Tire & Rubber's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Cooper Tire & Rubber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cooper Tire & Rubber's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CTB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.50
NYSE:CTB Share Price ** NYSE (2019-06-26) in USD $31.03
United States of America Auto Components Industry PE Ratio Median Figure of 24 Publicly-Listed Auto Components Companies 15.48x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

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

** Primary Listing of Cooper Tire & Rubber.

NYSE:CTB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 31.03 ÷ 1.50

20.68x

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

  • Cooper Tire & Rubber is overvalued based on earnings compared to the US Auto Components industry average.
  • Cooper Tire & Rubber is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cooper Tire & Rubber's expected growth come at a high price?
Raw Data
NYSE:CTB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
37%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 22 Publicly-Listed Auto Components Companies 1.05x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:CTB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.68x ÷ 37%

0.56x

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

  • Cooper Tire & Rubber is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cooper Tire & Rubber's assets?
Raw Data
NYSE:CTB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.66
NYSE:CTB Share Price * NYSE (2019-06-26) in USD $31.03
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NYSE:CTB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 31.03 ÷ 23.66

1.31x

* Primary Listing of Cooper Tire & Rubber.

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

  • Cooper Tire & Rubber is overvalued based on assets compared to the US Auto Components industry average.
X
Value checks
We assess Cooper Tire & Rubber'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Cooper Tire & Rubber has a total score of 3/6, 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.

Future Performance

 How is Cooper Tire & Rubber expected to perform in the next 1 to 3 years based on estimates from 7 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
37%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cooper Tire & Rubber expected to grow at an attractive rate?
  • Cooper Tire & Rubber's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Cooper Tire & Rubber's earnings growth is expected to exceed the United States of America market average.
  • Cooper Tire & Rubber's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CTB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CTB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 37%
NYSE:CTB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.6%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
United States of America Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:CTB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CTB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,209 1
2022-12-31 3,125 1
2021-12-31 3,046 1
2020-12-31 2,981 322 163 6
2019-12-31 2,899 278 124 7
NYSE:CTB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,826 235 75
2018-12-31 2,808 254 77
2018-09-30 2,795 243 35
2018-06-30 2,791 181 43
2018-03-31 2,813 168 73
2017-12-31 2,855 178 95
2017-09-30 2,882 101 207
2017-06-30 2,899 158 194
2017-03-31 2,918 241 220
2016-12-31 2,925 315 248
2016-09-30 2,917 347 238
2016-06-30 2,948 325 242

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cooper Tire & Rubber's earnings are expected to grow significantly at over 20% yearly.
  • Cooper Tire & Rubber's revenue is expected to grow by 2.6% 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
NYSE:CTB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Cooper Tire & Rubber Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CTB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.29 3.55 2.77 6.00
2019-12-31 2.45 2.55 2.30 6.00
NYSE:CTB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.50
2018-12-31 1.52
2018-09-30 0.69
2018-06-30 0.84
2018-03-31 1.41
2017-12-31 1.83
2017-09-30 3.92
2017-06-30 3.65
2017-03-31 4.09
2016-12-31 4.56
2016-09-30 4.32
2016-06-30 4.34

*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 Cooper Tire & Rubber will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cooper Tire & Rubber'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Cooper Tire & Rubber 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.

Past Performance

  How has Cooper Tire & Rubber 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 Cooper Tire & Rubber's growth in the last year to its industry (Auto Components).
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.
  • Cooper Tire & Rubber's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cooper Tire & Rubber's 1-year earnings growth exceeds its 5-year average (2.9% vs -13.6%)
  • Cooper Tire & Rubber's earnings growth has exceeded the US Auto Components industry average in the past year (2.9% vs 2.8%).
Earnings and Revenue History
Cooper Tire & Rubber'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 Cooper Tire & Rubber Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CTB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,825.73 75.28 273.23
2018-12-31 2,808.06 76.59 272.03
2018-09-30 2,794.61 34.85 237.17
2018-06-30 2,790.78 42.82 243.59
2018-03-31 2,813.13 73.12 274.77
2017-12-31 2,854.66 95.40 279.67
2017-09-30 2,881.51 206.88 270.09
2017-06-30 2,898.58 194.50 261.26
2017-03-31 2,918.12 219.94 266.29
2016-12-31 2,924.87 248.38 305.70
2016-09-30 2,916.53 238.30 261.66
2016-06-30 2,947.98 242.18 270.18
2016-03-31 2,959.47 231.01 260.69
2015-12-31 2,972.90 212.77 262.97
2015-09-30 3,016.94 235.78 260.41
2015-06-30 3,154.65 230.31 256.45
2015-03-31 3,291.56 208.91 267.47
2014-12-31 3,424.81 213.58 272.30
2014-09-30 3,466.23 150.93 260.22
2014-06-30 3,378.57 103.06 252.89
2014-03-31 3,374.01 100.37 262.61
2013-12-31 3,439.23 111.01 257.43
2013-09-30 3,640.70 164.34 270.29
2013-06-30 3,903.90 238.62 278.35
2013-03-31 4,078.26 254.88 260.84
2012-12-31 4,200.84 220.37 257.31
2012-09-30 4,177.05 356.45 236.80
2012-06-30 4,130.03 299.62 209.12

*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.
  • Cooper Tire & Rubber has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cooper Tire & Rubber used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
  • Cooper Tire & Rubber's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cooper Tire & Rubber'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 Auto Components 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.
Cooper Tire & Rubber has a total score of 2/6, 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.

Health

 How is Cooper Tire & Rubber'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 Cooper Tire & Rubber's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cooper Tire & Rubber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cooper Tire & Rubber's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cooper Tire & Rubber'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 4.4x 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 Cooper Tire & Rubber Company Filings, last reported 2 months ago.

NYSE:CTB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,248.22 309.89 212.33
2018-12-31 1,232.44 305.09 356.25
2018-09-30 1,228.51 304.61 208.62
2018-06-30 1,177.27 337.13 180.49
2018-03-31 1,204.03 330.78 213.09
2017-12-31 1,185.76 335.44 371.68
2017-09-30 1,232.23 332.14 258.36
2017-06-30 1,192.92 334.55 302.39
2017-03-31 1,156.06 311.10 365.05
2016-12-31 1,130.24 315.92 504.42
2016-09-30 1,096.74 308.10 450.35
2016-06-30 1,085.37 299.57 412.10
2016-03-31 1,054.32 303.57 434.00
2015-12-31 1,017.61 308.85 505.16
2015-09-30 964.72 315.57 424.23
2015-06-30 946.62 314.39 408.06
2015-03-31 927.12 315.80 449.15
2014-12-31 884.26 364.60 551.65
2014-09-30 1,103.76 525.65 335.78
2014-06-30 1,250.67 366.34 326.64
2014-03-31 1,205.85 372.18 335.94
2013-12-31 1,157.63 352.27 397.73
2013-09-30 1,027.47 370.86 309.81
2013-06-30 1,015.43 395.81 244.15
2013-03-31 967.60 385.85 272.17
2012-12-31 908.42 371.30 351.82
2012-09-30 877.60 386.66 271.51
2012-06-30 786.01 462.63 240.50
  • Cooper Tire & Rubber's level of debt (25.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (30.8% vs 25.3% today).
  • Debt is well covered by operating cash flow (74.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.2x coverage).
X
Financial health checks
We assess Cooper Tire & Rubber'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. Cooper Tire & Rubber has a total score of 6/6, 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.

Dividends

 What is Cooper Tire & Rubber'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
1.35%
Current annual income from Cooper Tire & Rubber dividends. Estimated to be 1.35% next year.
If you bought $2,000 of Cooper Tire & Rubber shares you are expected to receive $27 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?
  • Cooper Tire & Rubber's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Cooper Tire & Rubber's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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
NYSE:CTB 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 7 Analyst Estimates (S&P Global) See Below
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

NYSE:CTB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.42 2.00
2019-12-31 0.42 2.00
NYSE:CTB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.420 1.416
2019-02-15 0.420 1.355
2018-10-26 0.420 1.280
2018-08-02 0.420 1.494
2018-05-04 0.420 1.600
2018-02-16 0.420 1.422
2017-10-27 0.420 1.167
2017-08-02 0.420 1.191
2017-05-05 0.420 1.143
2017-02-16 0.420 1.002
2016-10-27 0.420 1.129
2016-08-03 0.420 1.187
2016-05-06 0.420 1.344
2016-02-19 0.420 1.142
2015-10-29 0.420 1.102
2015-08-05 0.420 1.065
2015-05-08 0.420 1.204
2015-02-20 0.420 1.048
2014-11-04 0.420 1.251
2014-08-06 0.420 1.403
2014-05-09 0.420 1.447
2014-02-21 0.420 1.707
2013-10-25 0.420 1.761
2013-08-07 0.420 1.410
2013-05-10 0.420 1.408
2013-02-22 0.420 1.666
2012-10-31 0.420 1.684
2012-08-08 0.420 2.083
2012-05-11 0.420 2.577
2012-02-24 0.420 2.674
2011-10-20 0.420 2.942
2011-08-03 0.420 3.625
2011-05-06 0.420 2.055
2011-02-24 0.420 1.677
2010-10-28 0.420 1.864
2010-08-04 0.420 2.198
2010-05-04 0.420 2.081
2010-02-25 0.420 2.124
2009-10-30 0.420 2.263
2009-08-05 0.420 2.672
2009-05-06 0.420 3.877
2009-02-24 0.420 8.462
2008-11-21 0.420 8.062
2008-07-31 0.420 5.344

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

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Cooper Tire & Rubber's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
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 Cooper Tire & Rubber'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 Cooper Tire & Rubber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cooper Tire & Rubber has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Cooper Tire & Rubber'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
Brad Hughes
COMPENSATION $4,463,941
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

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 Senior Vice President of Cooper Tire & Rubber Co. from January 30, 2015 to September 2016. He served as the President of International Operations at Cooper Tire & Rubber Co. from July 1, 2014 to January 2015. He served as the Chief Financial Officer of Cooper Tire & Rubber Co. from November 2009 to November 2014 and served its Treasurer until November 2014. He served as a Vice President of Cooper Tire & Rubber Co. since 2008. He worked as a Global Product Development Controller for Ford Motor Co., Dearborn, Mich. A Ford employee since 1986, he worked as a Finance Director for Ford's South America Operations in Sao Paulo, Brazil; Director of European Business Strategy and Implementation, Cologne, Germany; European Manufacturing controller, Cologne, Germany; and in other corporate finance and treasury positions. Prior to joining Ford, he worked for Fruehauf Finance Corp., Detroit, Mich. He has been Director at Cooper Tire & Rubber Co. since September 1, 2016. Mr. Hughes holds a bachelor's degree in business from Miami University and a master's degree in business administration from the University of Michigan Business School, Ann Arbor, Mich.

CEO Compensation
  • Brad's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Brad's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cooper Tire & Rubber management team in years:

2.5
Average Tenure
50
Average Age
  • The tenure for the Cooper Tire & Rubber management team is about average.
Management Team

Brad Hughes

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
2.8 yrs

Chris Eperjesy

TITLE
Senior VP & CFO
COMPENSATION
$686K
AGE
50
TENURE
0.5 yrs

Steve Zamansky

TITLE
Senior VP
COMPENSATION
$1M
AGE
47
TENURE
8.2 yrs

John Bollman

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$981K
AGE
60
TENURE
2.3 yrs

Mark Young

TITLE
Director of External Reporting
AGE
41
TENURE
4.3 yrs

Jim Keller

TITLE
Senior Vice President of Transformation

Chuck Yurkovich

TITLE
Senior Vice President of Global Research & Development

Phil Kortokrax

TITLE
Senior Vice President of Global Operations & Procurement
TENURE
1.3 yrs

Luis Ceneviz

TITLE
Senior VP & President of International
TENURE
4.3 yrs

Chris Ball

TITLE
Senior VP & President of North America
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Cooper Tire & Rubber board of directors in years:

3
Average Tenure
60
Average Age
  • The tenure for the Cooper Tire & Rubber board of directors is about average.
Board of Directors

Thomas Capo

TITLE
Non-Executive Chairman
COMPENSATION
$362K
AGE
67
TENURE
2.8 yrs

Brad Hughes

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
2.8 yrs

John Holland

TITLE
Independent Director
COMPENSATION
$245K
AGE
68
TENURE
16.4 yrs

Robert Welding

TITLE
Independent Director
COMPENSATION
$240K
AGE
69
TENURE
11.8 yrs

Steven Chapman

TITLE
Independent Director
COMPENSATION
$225K
AGE
64
TENURE
13.4 yrs

Gary Michel

TITLE
Independent Director
COMPENSATION
$225K
AGE
55
TENURE
3.7 yrs

Susan Davis

TITLE
Independent Director
COMPENSATION
$225K
AGE
64
TENURE
3.3 yrs

Tracey Joubert

TITLE
Independent Director
COMPENSATION
$225K
AGE
51
TENURE
1.6 yrs

Katy Dickson

TITLE
Director
AGE
53
TENURE
0.7 yrs

Brian Walker

TITLE
Director
AGE
56
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Cooper Tire & Rubber'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. Cooper Tire & Rubber 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.

News

Simply Wall St News

Our Take On Cooper Tire & Rubber Company's (NYSE:CTB) CEO Salary

Our data indicates that Cooper Tire & Rubber Company is worth US$1.5b, and total annual CEO compensation is US$4.5m. … NYSE:CTB CEO Compensation, June 26th 2019 Is Cooper Tire & Rubber Company Growing? … With a total shareholder return of 6.4% over three years, Cooper Tire & Rubber Company has done okay by shareholders.

Simply Wall St -

Should You Be Happy With Cooper Tire & Rubber Company's (NYSE:CTB) 2.9% Earnings Growth?

Check out our latest analysis for Cooper Tire & Rubber Could CTB beat the long-term trend and outperform its industry? … Let's see if it is only a result of an industry uplift, or if Cooper Tire & Rubber has seen some company-specific growth. … I suggest you continue to research Cooper Tire & Rubber to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for CTB’s future growth?

Simply Wall St -

Is Cooper Tire & Rubber Company (NYSE:CTB) A Smart Choice For Dividend Investors?

Could Cooper Tire & Rubber Company (NYSE:CTB) be an attractive dividend share to own for the long haul? … Conclusion To summarise, shareholders should always check that Cooper Tire & Rubber's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than Cooper Tire & Rubber out there.

Simply Wall St -

Introducing Cooper Tire & Rubber (NYSE:CTB), A Stock That Climbed 26% In The Last Year

For example, the Cooper Tire & Rubber Company (NYSE:CTB) share price is up 26% in the last year, clearly besting than the market return of around 9.4% (not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Indeed, when EPS is declining but the share price is up, it often means the market is considering other factors.

Simply Wall St -

Why Cooper Tire & Rubber Company’s (NYSE:CTB) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Read This Before Judging Cooper Tire & Rubber Company's (NYSE:CTB) ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Cooper Tire & Rubber Company (NYSE:CTB). … Our data shows Cooper Tire & Rubber has a return on equity of 6.5% for the last year.

Simply Wall St -

Should Investors Be Happy About Cooper Tire & Rubber Company’s (NYSE:CTB) Cash Levels?

Cooper Tire & Rubber Company (NYSE:CTB) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I will take you through Cooper Tire & Rubber’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash Cooper Tire & Rubber has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Should You Worry About Cooper Tire & Rubber Company's (NYSE:CTB) CEO Pay?

Brad Hughes has been the CEO of Cooper Tire & Rubber Company (NYSE:CTB) since 2016. … View our latest analysis for Cooper Tire & Rubber? … Our data indicates that Cooper Tire & Rubber Company is worth US$1.5b, and total annual CEO compensation is US$3.3m.

Simply Wall St -

Where Cooper Tire & Rubber Company's (NYSE:CTB) Earnings Growth Stands Against Its Industry

After looking at Cooper Tire & Rubber Company's (NYSE:CTB) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … CTB's trailing twelve-month earnings (from 31 December 2018) of US$77m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -8.8%, indicating the rate at which CTB is growing has slowed down

Simply Wall St -

Calculating The Fair Value Of Cooper Tire & Rubber Company (NYSE:CTB)

Does the January share price for Cooper Tire & Rubber Company (NYSE:CTB) reflect it's really worth? … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for Cooper Tire & Rubber by following the link below

Simply Wall St -

Company Info

Description

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 manufactures and markets 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, and other tire and automotive product retail chains, 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.

Details
Name: Cooper Tire & Rubber Company
CTB
Exchange: NYSE
Founded: 1914
$1,556,165,360
50,150,350
Website: http://www.coopertire.com
Address: Cooper Tire & Rubber Company
701 Lima Avenue,
Findlay,
Ohio, 45840,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CTB Common Stock New York Stock Exchange US USD 02. Jan 1968
DB TI2 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
9,027
Cooper Tire & Rubber employees.
Industry
Tires and Rubber
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 23:35
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
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.