CTS
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. The last earnings update was 27 days ago. More info.
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CTS Share Price and Events
7 Day Returns
1 Year Returns
CTS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| CTS (CTS) | 0.9% | -9.9% | -9.8% | -12.8% | 56.4% | 58.5% |
| US Electronic | -0.5% | -9.7% | -3.7% | -0.2% | 57% | 53.6% |
| US Market | 1.6% | -1.7% | 2.1% | 2.6% | 38.5% | 41.4% |
1 Year Return vs Industry and Market
- CTS underperformed the Electronic industry which returned -0.2% over the past year.
- CTS underperformed the Market in United States of America which returned 2.6% over the past year.
Value
Is CTS 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
CTS
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for CTS.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.048 (1 + (1- 21%) (8.42%)) |
1.079 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.08 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.079 * 5.96%) |
9.16% |
Discounted Cash Flow Calculation for NYSE:CTS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for CTS 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.16%) |
|
|---|---|---|---|
| 2019 | 48.83 | Analyst x2 | 44.73 |
| 2020 | 55.18 | Analyst x2 | 46.31 |
| 2021 | 68.00 | Analyst x1 | 52.28 |
| 2022 | 78.47 | Est @ 15.4% | 55.27 |
| 2023 | 87.57 | Est @ 11.6% | 56.50 |
| 2024 | 95.40 | Est @ 8.94% | 56.39 |
| 2025 | 102.15 | Est @ 7.08% | 55.31 |
| 2026 | 108.05 | Est @ 5.77% | 53.60 |
| 2027 | 113.30 | Est @ 4.86% | 51.48 |
| 2028 | 118.08 | Est @ 4.22% | 49.16 |
| Present value of next 10 years cash flows | $521.02 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $118.08 × (1 + 2.73%) ÷ (9.16% – 2.73%) |
$1,886.72 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,886.72 ÷ (1 + 9.16%)10 |
$785.40 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $521.02 + $785.40 |
$1,306.43 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,306.43 / 32.86 |
$39.76 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $39.76 |
| Current discount | Discount to share price of
$27.92
= -1 x ($27.92 - $39.76) / $39.76 |
29.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- CTS's share price is below the future cash flow value, and at a moderate discount (> 20%).
- CTS's share price is below the future cash flow value, but not 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 CTS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
CTS's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.41 |
| NYSE:CTS Share Price ** | NYSE (2019-05-21) in USD | $27.92 |
| United States of America Electronic Industry PE Ratio | Median Figure of 93 Publicly-Listed Electronic Companies | 19.77x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.74x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of CTS.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CTS Share Price ÷ EPS (both in USD) = 27.92 ÷ 1.41 |
19.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CTS is overvalued based on earnings compared to the US Electronic industry average.
- CTS is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
CTS's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.84x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
15.2%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 1.27x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.84x ÷ 15.2% |
1.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CTS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
CTS's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $11.78 |
| NYSE:CTS Share Price * | NYSE (2019-05-21) in USD | $27.92 |
| United States of America Electronic Industry PB Ratio | Median Figure of 139 Publicly-Listed Electronic Companies | 2.08x |
| United States of America Market PB Ratio | Median Figure of 5,202 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CTS Share Price ÷ Book Value per Share (both in USD) = 27.92 ÷ 11.78 |
2.37x |
* Primary Listing of CTS.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CTS is overvalued based on assets compared to the US Electronic industry average.
Value checks
We assess CTS's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) CTS has a total score of 1/6, 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 CTS expected to perform in the next 1 to 3 years based on estimates from 3 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!
Earnings growth vs Low Risk Savings
- CTS's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- CTS's earnings growth is expected to exceed the United States of America market average.
- CTS's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CTS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 15.2% |
| NYSE:CTS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 5% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 583 | 1 | ||
| 2022-12-31 | 556 | 1 | ||
| 2021-12-31 | 527 | 89 | 70 | 2 |
| 2020-12-31 | 498 | 79 | 60 | 3 |
| 2019-12-31 | 470 | 73 | 52 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 475 | 48 | 46 |
| 2018-12-31 | 470 | 58 | 47 |
| 2018-09-30 | 461 | 54 | 15 |
| 2018-06-30 | 449 | 62 | 15 |
| 2018-03-31 | 436 | 68 | 18 |
| 2017-12-31 | 423 | 58 | 14 |
| 2017-09-30 | 414 | 60 | 36 |
| 2017-06-30 | 407 | 54 | 30 |
| 2017-03-31 | 400 | 54 | 35 |
| 2016-12-31 | 397 | 47 | 34 |
| 2016-09-30 | 388 | 49 | 12 |
| 2016-06-30 | 379 | 40 | 4 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from CTS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 2.00 | 2.00 | 2.00 | 1.00 |
| 2020-12-31 | 1.77 | 1.80 | 1.74 | 2.00 |
| 2019-12-31 | 1.54 | 1.62 | 1.45 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.41 |
| 2018-12-31 | 1.41 |
| 2018-09-30 | 0.46 |
| 2018-06-30 | 0.45 |
| 2018-03-31 | 0.53 |
| 2017-12-31 | 0.44 |
| 2017-09-30 | 1.11 |
| 2017-06-30 | 0.93 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.05 |
| 2016-09-30 | 0.38 |
| 2016-06-30 | 0.12 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess CTS's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
CTS has a total score of 2/6, 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 CTS 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
Past Earnings growth analysis
- CTS's year on year earnings growth rate has been positive over the past 5 years.
- CTS's 1-year earnings growth exceeds its 5-year average (165% vs 11.1%)
- CTS's earnings growth has exceeded the US Electronic industry average in the past year (165% vs 56.1%).
Earnings and Revenue History
All data from CTS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 474.58 | 46.40 | 73.72 | 25.59 |
| 2018-12-31 | 470.48 | 46.53 | 73.57 | 25.30 |
| 2018-09-30 | 461.32 | 15.35 | 80.41 | 26.21 |
| 2018-06-30 | 448.70 | 14.76 | 77.88 | 26.08 |
| 2018-03-31 | 436.37 | 17.51 | 73.78 | 25.65 |
| 2017-12-31 | 422.99 | 14.45 | 71.65 | 25.15 |
| 2017-09-30 | 413.67 | 36.38 | 61.04 | 24.06 |
| 2017-06-30 | 407.12 | 30.48 | 61.17 | 23.96 |
| 2017-03-31 | 400.13 | 35.00 | 61.20 | 23.88 |
| 2016-12-31 | 396.68 | 34.38 | 60.82 | 24.04 |
| 2016-09-30 | 388.38 | 12.42 | 62.42 | 24.50 |
| 2016-06-30 | 379.33 | 3.94 | 59.06 | 23.91 |
| 2016-03-31 | 380.70 | 8.53 | 58.75 | 23.43 |
| 2015-12-31 | 382.31 | 6.95 | 59.59 | 22.46 |
| 2015-09-27 | 389.41 | 27.57 | 59.41 | 22.18 |
| 2015-06-28 | 398.72 | 40.45 | 60.62 | 22.29 |
| 2015-03-29 | 401.63 | 27.73 | 61.21 | 22.14 |
| 2014-12-31 | 404.02 | 26.52 | 61.05 | 22.56 |
| 2014-09-28 | 406.03 | 23.71 | 56.54 | 22.25 |
| 2014-06-29 | 409.70 | 20.70 | 60.47 | 22.16 |
| 2014-03-30 | 412.11 | 4.09 | 61.82 | 22.60 |
| 2013-12-31 | 409.46 | 2.00 | 65.85 | 23.22 |
| 2013-09-29 | 172.94 | -0.16 | 57.56 | 23.07 |
| 2013-06-30 | 206.66 | 0.64 | 59.12 | 21.70 |
| 2013-03-31 | 255.57 | 14.20 | 61.34 | 21.06 |
| 2012-12-31 | 304.48 | 13.49 | 63.07 | 20.92 |
| 2012-09-30 | 582.62 | 17.36 | 74.69 | 20.80 |
| 2012-07-01 | 591.33 | 17.30 | 73.94 | 21.61 |
*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.
- CTS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- CTS used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
- CTS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess CTS's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
CTS has a total score of 5/6, 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 CTS'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 CTS's finances.
The net worth of a company is the difference between its assets and liabilities.
- CTS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- CTS's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.1x 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.
All data from CTS Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 386.89 | 77.23 | 101.20 |
| 2018-12-31 | 377.93 | 50.00 | 101.51 |
| 2018-09-30 | 376.21 | 50.00 | 104.37 |
| 2018-06-30 | 363.76 | 57.00 | 103.39 |
| 2018-03-31 | 355.73 | 74.00 | 121.81 |
| 2017-12-31 | 343.81 | 76.30 | 113.85 |
| 2017-09-30 | 346.61 | 82.30 | 116.31 |
| 2017-06-30 | 336.48 | 93.86 | 107.93 |
| 2017-03-31 | 326.08 | 95.01 | 121.88 |
| 2016-12-31 | 317.88 | 90.11 | 113.81 |
| 2016-09-30 | 306.27 | 96.36 | 114.43 |
| 2016-06-30 | 302.63 | 110.80 | 119.91 |
| 2016-03-31 | 288.25 | 141.30 | 130.96 |
| 2015-12-31 | 281.65 | 90.68 | 156.93 |
| 2015-09-27 | 295.60 | 90.68 | 150.76 |
| 2015-06-28 | 305.53 | 89.75 | 146.79 |
| 2015-03-29 | 293.13 | 84.36 | 138.33 |
| 2014-12-31 | 289.79 | 75.38 | 134.51 |
| 2014-09-28 | 311.52 | 81.22 | 130.88 |
| 2014-06-29 | 305.25 | 77.37 | 127.23 |
| 2014-03-30 | 301.71 | 77.53 | 118.97 |
| 2013-12-31 | 296.73 | 76.00 | 124.37 |
| 2013-09-29 | 269.63 | 129.62 | 96.73 |
| 2013-06-30 | 261.63 | 130.18 | 86.04 |
| 2013-03-31 | 269.72 | 165.52 | 109.43 |
| 2012-12-31 | 267.76 | 154.84 | 109.57 |
| 2012-09-30 | 272.35 | 96.05 | 88.62 |
| 2012-07-01 | 265.47 | 97.83 | 83.04 |
- CTS's level of debt (20%) 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 (25.7% vs 20% today).
- Debt is well covered by operating cash flow (61.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 289.9x coverage).
Financial health checks
We assess CTS's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) CTS has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 CTS'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
If you bought
$2,000 of
CTS
shares you are expected to receive
$11
in your first year as a dividend.
Dividend Amount
- CTS's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- CTS's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment
Purchase CTS before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 37 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-16 | 0.160 | 0.582 |
| 2019-02-08 | 0.160 | 0.529 |
| 2018-11-08 | 0.160 | 0.584 |
| 2018-08-23 | 0.160 | 0.497 |
| 2018-05-17 | 0.160 | 0.458 |
| 2018-02-08 | 0.160 | 0.569 |
| 2017-11-09 | 0.160 | 0.597 |
| 2017-08-23 | 0.160 | 0.659 |
| 2017-05-18 | 0.160 | 0.734 |
| 2017-02-09 | 0.160 | 0.742 |
| 2016-11-10 | 0.160 | 0.716 |
| 2016-08-26 | 0.160 | 0.883 |
| 2016-05-19 | 0.160 | 0.864 |
| 2016-02-11 | 0.160 | 1.021 |
| 2015-11-13 | 0.160 | 0.959 |
| 2015-08-26 | 0.160 | 0.856 |
| 2015-05-21 | 0.160 | 0.846 |
| 2015-02-11 | 0.160 | 0.900 |
| 2014-11-05 | 0.160 | 0.930 |
| 2014-08-27 | 0.160 | 0.947 |
| 2014-05-21 | 0.160 | 0.888 |
| 2014-02-12 | 0.160 | 0.822 |
| 2013-11-05 | 0.160 | 0.860 |
| 2013-08-28 | 0.140 | 0.868 |
| 2013-05-22 | 0.140 | 1.040 |
| 2013-03-13 | 0.140 | 1.332 |
| 2012-12-06 | 0.140 | 1.382 |
| 2012-08-29 | 0.140 | 1.555 |
| 2012-05-23 | 0.140 | 1.496 |
| 2012-03-16 | 0.140 | 1.362 |
| 2011-12-15 | 0.140 | 1.419 |
| 2011-09-01 | 0.120 | 1.348 |
| 2011-05-25 | 0.120 | 1.272 |
| 2011-03-09 | 0.120 | 1.150 |
| 2010-12-08 | 0.120 | 1.046 |
| 2010-08-31 | 0.120 | 1.222 |
| 2010-05-26 | 0.120 | 1.255 |
| 2010-03-10 | 0.120 | 1.207 |
| 2009-12-03 | 0.120 | 1.389 |
| 2009-09-10 | 0.120 | 1.302 |
| 2009-05-27 | 0.120 | 1.634 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CTS is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- CTS is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess CTS's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can CTS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) CTS 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.
Management
CEO
| COMPENSATION | $3,441,677 |
| AGE | 56 |
| TENURE AS CEO | 6.5 years |
CEO Bio
Mr. Kieran M. O'Sullivan has been the Chief Executive Officer and President of CTS Corporation since November 2012. Mr. O'Sullivan has over twenty-five years of executive leadership experience in high-growth, technology companies. He served as an Executive Vice President of Continental Aktiengesellschaft's Global Infotainment and Connectivity Business and leads the NAFTA Interior Division. Mr. O'Sullivan served as Vice President of Telematics Interiors and Aftermarket - Government & Enterprise Mobility Solutions of Motorola Inc. He served as Senior Vice President of Telematics and Member of the Management Board of Continental Aktiengesellschaft since July 31, 2006. He served as Vice President of Automotive's Interior Electronics team, as well as Business Director at the Energy Systems Group (ESG). He had global responsibility for developing ESG's communications product portfolio of batteries, chargers and other power supplies. He held various positions during his tenure at ESG, including operations and business-management roles in Europe and North America. He joined Motorola in 1990, he held engineering positions at various companies, including Verbatim and Borland International. He also served in the Irish Air Force. He has been the Chairman and Director of CTS Corporation since 2013 and February 8, 2013 respectively. He has been an Independent Director of LCI Industries since May 21, 2015. Mr. O'Sullivan serves on the board of CEDA Northwest Self-Help Center Inc., an affiliate of Community and Economic Development Association (CEDA) of Cook County, a Chicago-based charitable organization. Mr. O'Sullivan holds a Bachelor of Science Degree in Engineering from the University of Limerick and a Master of Business Administration Degree from University College, Dublin. He holds Diplomas in Aeronautical Avionics Engineering and Electrical Engineering.
CEO Compensation
- Kieran's compensation has been consistent with company performance over the past year, both up more than 20%.
- Kieran's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the CTS management team in years:
- The average tenure for the CTS management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Kieran O'Sullivan
Chairman
$3M
56
6.5 yrs
Ashish Agrawal
VP & CFO
$1M
47
5.5 yrs
Luis Machado
VP, General Counsel & Secretary
$1M
55
3.8 yrs
Bob Profusek
Lead Director
$201K
68
Mitchell Walorski
Director of Investor Relations
Board of Directors Tenure
Average tenure and age of the CTS board of directors in years:
- The tenure for the CTS board of directors is about average.
Board of Directors
Kieran O'Sullivan
Chairman
$3M
56
6.3 yrs
Bob Profusek
Lead Director
$201K
68
Pat Vincent-Collawn
Director
$194K
59
16.3 yrs
Diana Murphy
Director
$191K
61
8.4 yrs
Bill Johnson
Director
$196K
61
4.3 yrs
Gordon Hunter
Director
$191K
66
8.3 yrs
Chito Zulueta
Director
$166K
55
1.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Nov 18 | Buy | Ashish Agrawal | Individual | 02. Nov 18 | 02. Nov 18 | 43 | $27.49 | $1,182 | ||
Management checks
We assess CTS's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) CTS 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
Do CTS's (NYSE:CTS) Earnings Warrant Your Attention?
Over the last three years, CTS has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … In the chart below, you can see how the company has grown earnings, and revenue, over time
Simply Wall St - – Full articleEstimating The Fair Value Of CTS Corporation (NYSE:CTS)
Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows … Generally the first stage is higher growth, and the second stage is a lower growth phase.
Simply Wall St - – Full articleIs CTS Corporation (NYSE:CTS) A Financially Sound Company?
However, an important fact which most ignore is: how financially healthy is the business? … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articleBefore You Buy CTS Corporation (NYSE:CTS), Consider Its Volatility
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleShareholders Are Thrilled That The CTS Share Price Increased 119%
To wit, the CTS Corporation (NYSE:CTS) share price has flown 119% in the last three years. … In more good news, the share price has risen 0.6% in thirty days. … During three years of share price growth, CTS achieved compound earnings per share growth of 88% per year.
Simply Wall St - – Full articleIs CTS Corporation's (NYSE:CTS) CEO Overpaid Relative To Its Peers?
First, this article will compare CEO compensation with compensation at similar sized companies. … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. … How Does Kieran O'Sullivan's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleExamining CTS Corporation’s (NYSE:CTS) Weak Return On Capital Employed
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleShould You Be Tempted To Sell CTS Corporation (NYSE:CTS) Because Of Its P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at CTS Corporation's (NYSE:CTS) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs CTS Corporation's (NYSE:CTS) Balance Sheet A Threat To Its Future?
Investors are always looking for growth in small-cap stocks like CTS Corporation (NYSE:CTS), with a market cap of US$884m. … However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is
Simply Wall St - – Full articleAt US$29.01, Is CTS Corporation (NYSE:CTS) Worth Looking At Closely?
received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $36.95 at one point, and dropping to the lows of $26.69. … A question to answer is whether CTS's current trading price of $29.01 reflective of the actual value of the? … Let’s take a look at CTS’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCompany Info
Description
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various 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 in the United States, Singapore, Taiwan, China, the Czech Republic, and internationally. CTS Corporation was founded in 1896 and is based in Lisle, Illinois.
Details
| Name: | CTS Corporation |
| CTS | |
| Exchange: | NYSE |
| Founded: | 1896 |
| $917,325,783 | |
| 32,855,508 | |
| Website: | http://www.ctscorp.com |
| Address: |
CTS Corporation 4925 Indiana Avenue, Lisle, Illinois, 60532, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CTS | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | XT1 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Electronic Manufacturing Services | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 03:21 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/04/25 |
| 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.
