| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
CTS Stock Overview
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia.
Rewards
Risk Analysis
No risks detected for CTS from our risk checks.
CTS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$35.84 |
| 52 Week High | US$39.49 |
| 52 Week Low | US$28.72 |
| Beta | 0.76 |
| 1 Month Change | 4.95% |
| 3 Month Change | 14.47% |
| 1 Year Change | 1.59% |
| 3 Year Change | 28.83% |
| 5 Year Change | 68.26% |
| Change since IPO | 834.96% |
Recent News & Updates
A Look At The Intrinsic Value Of CTS Corporation (NYSE:CTS)
In this article we are going to estimate the intrinsic value of CTS Corporation ( NYSE:CTS ) by taking the forecast...
CTS (NYSE:CTS) Has Debt But No Earnings; Should You Worry?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Be Wary Of CTS (NYSE:CTS) And Its Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Shareholder Returns
| CTS | US Electronic | US Market | |
|---|---|---|---|
| 7D | -0.2% | -0.6% | -0.3% |
| 1Y | 1.6% | 9.7% | 13.7% |
Return vs Industry: CTS underperformed the US Electronic industry which returned 9.7% over the past year.
Return vs Market: CTS underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| CTS volatility | |
|---|---|
| CTS Average Weekly Movement | 4.6% |
| Electronic Industry Average Movement | 7.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CTS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CTS's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1896 | 3,786 | Kieran O'Sullivan | https://www.ctscorp.com |
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. The company sells and markets its products through its sales engineers, independent manufacturers' representatives, and distributors.
CTS Fundamentals Summary
| CTS fundamental statistics | |
|---|---|
| Market Cap | US$1.15b |
| Earnings (TTM) | -US$36.08m |
| Revenue (TTM) | US$503.41m |
2.3x
P/S Ratio-32.0x
P/E RatioIs CTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CTS income statement (TTM) | |
|---|---|
| Revenue | US$503.41m |
| Cost of Revenue | US$324.77m |
| Gross Profit | US$178.64m |
| Expenses | US$214.72m |
| Earnings | -US$36.08m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.12 |
| Gross Margin | 35.49% |
| Net Profit Margin | -7.17% |
| Debt/Equity Ratio | 11.2% |
How did CTS perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield-14%
Payout RatioValuation
Is CTS undervalued compared to its fair value and its price relative to the market?
2.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CTS ($35.84) is trading above our estimate of fair value ($31.14)
Significantly Below Fair Value: CTS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CTS is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: CTS 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 CTS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CTS's PB Ratio (2.5x) is in line with the US Electronic industry average.
Future Growth
How is CTS forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
98.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CTS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CTS's is expected to become profitable in the next 3 years.
Revenue vs Market: CTS's revenue (6.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: CTS's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTS's Return on Equity is forecast to be low in 3 years time (15.9%).
Past Performance
How has CTS performed over the past 5 years?
-3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTS is currently unprofitable.
Growing Profit Margin: CTS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CTS is unprofitable, and losses have increased over the past 5 years at a rate of 3.1% per year.
Accelerating Growth: Unable to compare CTS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CTS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (42.1%).
Return on Equity
High ROE: CTS has a negative Return on Equity (-7.89%), as it is currently unprofitable.
Financial Health
How is CTS's financial position?
Financial Position Analysis
Short Term Liabilities: CTS's short term assets ($277.4M) exceed its short term liabilities ($105.1M).
Long Term Liabilities: CTS's short term assets ($277.4M) exceed its long term liabilities ($89.5M).
Debt to Equity History and Analysis
Debt Level: CTS has more cash than its total debt.
Reducing Debt: CTS's debt to equity ratio has reduced from 31.4% to 11.2% over the past 5 years.
Debt Coverage: CTS's debt is well covered by operating cash flow (170.4%).
Interest Coverage: Insufficient data to determine if CTS's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is CTS current dividend yield, its reliability and sustainability?
0.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTS's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: CTS's dividend (0.45%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: CTS is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: CTS is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CTS is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CTS'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?
4.7yrs
Average management tenure
CEO
Kieran O'Sullivan (59 yo)
9yrs
Tenure
US$2,500,797
Compensation
Mr. Kieran M. O'Sullivan has been the Chief Executive Officer and President of CTS Corporation since 2013. Mr. O'Sullivan has many years of executive leadership experience in high-growth, technology compan...
CEO Compensation Analysis
Compensation vs Market: Kieran's total compensation ($USD2.50M) is about average for companies of similar size in the US market ($USD2.31M).
Compensation vs Earnings: Kieran's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: CTS's management team is considered experienced (4.7 years average tenure).
Board Members
Experienced Board: CTS's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CTS Corporation's employee growth, exchange listings and data sources
Key Information
- Name: CTS Corporation
- Ticker: CTS
- Exchange: NYSE
- Founded: 1896
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Implied Market Cap: US$1.155b
- Shares outstanding: 32.22m
- Website: https://www.ctscorp.com
Number of Employees
Location
- CTS Corporation
- 4925 Indiana Avenue
- Lisle
- Illinois
- 60532
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 23:20 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.