Market Cap
US$688.4m
Last Updated
2020/06/01 03:24 UTC
Data Sources
Company Financials +
Executive Summary
CTS Corporation designs, manufactures, and sells sensors, electronic components, and actuators primarily to original equipment manufacturers and tier one suppliers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has CTS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.3%
CTS
3.7%
US Electronic
3.0%
US Market
1 Year Return
-19.3%
CTS
9.4%
US Electronic
9.9%
US Market
Return vs Industry: CTS underperformed the US Electronic industry which returned 9.4% over the past year.
Return vs Market: CTS underperformed the US Market which returned 9.9% over the past year.
Shareholder returns
| CTS | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 3.7% | 3.0% |
| 30 Day | -4.7% | 10.4% | 8.2% |
| 90 Day | -19.7% | 0.2% | 0.4% |
| 1 Year | -18.8%-19.3% | 10.6%9.4% | 12.4%9.9% |
| 3 Year | 0.06%-1.7% | 16.2%13.0% | 31.0%22.3% |
| 5 Year | 19.1%15.0% | 56.9%49.4% | 58.1%40.3% |
Price Volatility Vs. Market
How volatile is CTS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does The CTS Corporation (NYSE:CTS) Share Price Fall With The Market?1 month ago | Simply Wall St
Are CTS Corporation's (NYSE:CTS) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?2 months ago | Simply Wall St
Should You Use CTS's (NYSE:CTS) Statutory Earnings To Analyse It?Valuation
Is CTS undervalued compared to its fair value and its price relative to the market?
13.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTS ($21.34) is trading below our estimate of fair value ($24.6)
Significantly Below Fair Value: CTS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CTS is poor value based on its PE Ratio (24.4x) compared to the Electronic industry average (18.9x).
PE vs Market: CTS is poor value based on its PE Ratio (24.4x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: CTS is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: CTS is good value based on its PB Ratio (1.7x) compared to the US Electronic industry average (1.8x).
Next Steps
Future Growth
How is CTS forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
36.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTS's forecast earnings growth (36.8% per year) is above the savings rate (2.2%).
Earnings vs Market: CTS's earnings (36.8% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CTS's revenue (3% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: CTS's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CTS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has CTS performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTS has high quality earnings.
Growing Profit Margin: CTS's current net profit margins (6.3%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: CTS's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: CTS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTS had negative earnings growth (-38.6%) over the past year, making it difficult to compare to the Electronic industry average (-8%).
Return on Equity
High ROE: CTS's Return on Equity (7.2%) is considered low.
Next Steps
Financial Health
How is CTS's financial position?
Financial Position Analysis
Short Term Liabilities: CTS's short term assets ($283.0M) exceed its short term liabilities ($93.2M).
Long Term Liabilities: CTS's short term assets ($283.0M) exceed its long term liabilities ($194.5M).
Debt to Equity History and Analysis
Debt Level: CTS's debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: CTS's debt to equity ratio has increased from 28.8% to 38.6% over the past 5 years.
Debt Coverage: CTS's debt is well covered by operating cash flow (43.5%).
Interest Coverage: CTS's interest payments on its debt are well covered by EBIT (38.1x coverage).
Balance Sheet
Next Steps
Dividend
What is CTS's current dividend yield, its reliability and sustainability?
0.75%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CTS's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: CTS's dividend (0.75%) is low compared to the top 25% of dividend payers in the US market (4.54%).
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?
6.6yrs
Average management tenure
CEO
Kieran O'Sullivan (57yo)
7.58yrs
Tenure
US$2,438,235
Compensation
Mr. Kieran M. O'Sullivan has been the Chief Executive Officer and President of CTS Corporation since November 2012. Mr. O'Sullivan has over twenty-five years of executive leadership experience in high-grow ...
CEO Compensation Analysis
Compensation vs Market: Kieran's total compensation ($USD2.44M) is about average for companies of similar size in the US market ($USD3.20M).
Compensation vs Earnings: Kieran's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.58yrs | US$2.44m | 1.03% $7.1m | |
| VP & CFO | 6.58yrs | US$911.54k | 0.27% $1.9m | |
| VP, General Counsel & Secretary | 4.83yrs | US$753.30k | 0.11% $787.6k | |
| Chief Accounting Officer | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
6.6yrs
Average Tenure
56yo
Average Age
Experienced Management: CTS's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.58yrs | US$2.44m | 1.03% $7.1m | |
| Independent Director | 5.33yrs | US$202.36k | 0.068% $467.4k | |
| Lead Independent Director | no data | US$202.36k | 0.24% $1.7m | |
| Independent Director | 9.33yrs | US$192.36k | 0.13% $898.4k | |
| Independent Director | 17.42yrs | US$202.36k | 0.23% $1.6m | |
| Independent Director | 2.17yrs | US$182.36k | 0.021% $143.0k | |
| Director | 0.083yr | no data | no data |
6.4yrs
Average Tenure
61yo
Average Age
Experienced Board: CTS's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CTS 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: CTS Corporation
- Ticker: CTS
- Exchange: NYSE
- Founded: 1896
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$688.426m
- Shares outstanding: 32.26m
- Website: https://www.ctscorp.com
Number of Employees
Location
- CTS Corporation
- 4925 Indiana Avenue
- Lisle
- Illinois
- 60532
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| XT1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
Biography
CTS Corporation designs, manufactures, and sells sensors, electronic components, and actuators primarily to original equipment manufacturers and tier one suppliers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or commercial vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers; and fabricated piezoelectric materials and substrates for use 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 headquartered in Lisle, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 03:24 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.