AMEX:CMT

Stock Analysis Report

Core Molding Technologies

Executive Summary

Core Molding Technologies, Inc., together with its subsidiaries, manufactures sheet molding compound (SMC) and molder of thermoset and thermoplastic products.

Risk Analysis

Earnings have declined by -53.5% per year over past 5 years

Debt is not well covered by operating cash flow

Does not have a meaningful market cap ($25M)



Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Core Molding Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CMT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.2%

CMT

1.6%

US Chemicals

1.5%

US Market


1 Year Return

-63.6%

CMT

-3.7%

US Chemicals

20.1%

US Market

Return vs Industry: CMT underperformed the US Chemicals industry which returned -3.7% over the past year.

Return vs Market: CMT underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

CMTIndustryMarket
7 Day-2.2%1.6%1.5%
30 Day-8.5%-1.2%1.4%
90 Day7.8%0.2%8.7%
1 Year-63.6%-63.6%10.1%-3.7%22.7%20.1%
3 Year-80.9%-81.1%29.9%5.2%50.1%40.5%
5 Year-78.5%-78.7%38.3%8.3%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Core Molding Technologies undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CMT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CMT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CMT is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.

PE vs Market: CMT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CMT is good value based on its PB Ratio (0.3x) compared to the US Chemicals industry average (2.2x).


Next Steps

Future Growth

How is Core Molding Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Core Molding Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Core Molding Technologies performed over the past 5 years?

-53.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMT is currently unprofitable.

Growing Profit Margin: CMT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CMT is unprofitable, and losses have increased over the past 5 years at a rate of -53.5% per year.

Accelerating Growth: Unable to compare CMT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CMT is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-14.6%).


Return on Equity

High ROE: CMT has a negative Return on Equity (-15.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Core Molding Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: CMT's short term assets ($75.1M) do not cover its short term liabilities ($94.8M).

Long Term Liabilities: CMT's short term assets ($75.1M) exceed its long term liabilities ($10.4M).


Debt to Equity History and Analysis

Debt Level: CMT's debt to equity ratio (66.6%) is considered high.

Reducing Debt: CMT's debt to equity ratio has increased from 12.3% to 66.6% over the past 5 years.


Balance Sheet

Inventory Level: CMT has a high level of physical assets or inventory.

Debt Coverage by Assets: CMT's debt is covered by short term assets (assets are 1.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CMT has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: CMT has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Core Molding Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: CMT is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

David Duvall (50yo)

1.3yrs

Tenure

US$1,303,650

Compensation

David L. Duvall has been President, Chief Executive Officer & Director at Core Molding Technologies since October 22, 2018. Mr. Duvall served most recently as the President, Equipment & Tools Division, of  ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.30M) is above average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
David Duvall
President1.3yrsUS$1.30m2.02% $513.8k
John Zimmer
Executive VP6.3yrsUS$771.27k1.34% $340.7k
Eric Palomaki
Executive Vice President of Operations1.4yrsno data0.47% $119.8k
Renee Anderson
Executive Vice President of Human Resources1.1yrsno data0.35% $89.5k

1.4yrs

Average Tenure

52yo

Average Age

Experienced Management: CMT's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
David Duvall
President1.3yrsUS$1.30m2.02% $513.8k
James Simonton
Independent Chairman of the Board8.3yrsUS$167.24k1.74% $443.4k
Ralph Hellmold
Independent Director23.2yrsUS$131.50k0.36% $91.3k
Thomas Cellitti
Independent Vice Chairman1.2yrsUS$131.50k0.76% $193.6k
James Crowley
Independent Director21.8yrsUS$135.51k0.35% $88.1k
Matthew Jauchius
Independent Director7.1yrsUS$126.50k0.60% $152.8k
Andrew Smith
Independent Director4.5yrsUS$120.50k0.37% $94.5k

7.1yrs

Average Tenure

67yo

Average Age

Experienced Board: CMT's board of directors are considered experienced (7.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CMT 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

Core Molding Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Core Molding Technologies, Inc.
  • Ticker: CMT
  • Exchange: AMEX
  • Founded: 1996
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: US$25.487m
  • Shares outstanding: 8.27m
  • Website: https://www.coremt.com

Number of Employees


Location

  • Core Molding Technologies, Inc.
  • 800 Manor Park Drive
  • Columbus
  • Ohio
  • 43228
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMTAMEX (NYSE MKT LLC)YesCommon SharesUSUSDSep 1988
XQNDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988

Biography

Core Molding Technologies, Inc., together with its subsidiaries, manufactures sheet molding compound (SMC) and molder of thermoset and thermoplastic products. It specializes in large-format moldings and offers a range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics, bulk molding compounds, and direct long-fiber thermoplastics; and spray-up, hand lay-up, resin transfer molding, structural foam and structural Web injection molding, reaction injection molding, and utilizing dicyclopentadiene technology. The company serves various markets, including medium and heavy-duty trucks, automobiles, marine, construction, and other commercial markets. It sells its products in the United States, Mexico, and Canada. The company was formerly known as Core Materials Corporation and changed its name to Core Molding Technologies, Inc. in August 2002. Core Molding Technologies, Inc. was incorporated in 1996 and is headquartered in Columbus, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:39
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.