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CTS

CTSNYSE:CTS Stock Report

Last Price

US$35.84

Market Cap

US$1.2b

7D

-0.2%

1Y

1.6%

Updated

17 Jan, 2022

Data

Company Financials +
CTS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CTS Stock Overview

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia.

Rewards

Earnings are forecast to grow 98.34% per year

Risk Analysis

No risks detected for CTS from our risk checks.

CTS Competitors

Jabil

NYSE:JBL

US$10.1b

Plexus

NasdaqGS:PLXS

US$2.6b

Methode Electronics

NYSE:MEI

US$1.8b

Benchmark Electronics

NYSE:BHE

US$950.7m

Price History & Performance

Summary of all time highs, changes and price drops for CTS
Historical stock prices
Current Share PriceUS$35.84
52 Week HighUS$39.49
52 Week LowUS$28.72
Beta0.76
1 Month Change4.95%
3 Month Change14.47%
1 Year Change1.59%
3 Year Change28.83%
5 Year Change68.26%
Change since IPO834.96%

Recent News & Updates

Jan 11
A Look At The Intrinsic Value Of CTS Corporation (NYSE:CTS)

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...

Nov 27
CTS (NYSE:CTS) Has Debt But No Earnings; Should You Worry?

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...

Oct 16
Be Wary Of CTS (NYSE:CTS) And Its Returns On Capital

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

CTSUS ElectronicUS Market
7D-0.2%-0.6%-0.3%
1Y1.6%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

Is CTS's price volatile compared to industry and market?
CTS volatility
CTS Average Weekly Movement4.6%
Electronic Industry Average Movement7.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
18963,786Kieran O'Sullivanhttps://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

How do CTS's earnings and revenue compare to its market cap?
CTS fundamental statistics
Market CapUS$1.15b
Earnings (TTM)-US$36.08m
Revenue (TTM)US$503.41m

2.3x

P/S Ratio

-32.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTS income statement (TTM)
RevenueUS$503.41m
Cost of RevenueUS$324.77m
Gross ProfitUS$178.64m
ExpensesUS$214.72m
Earnings-US$36.08m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.12
Gross Margin35.49%
Net Profit Margin-7.17%
Debt/Equity Ratio11.2%

How did CTS perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

-14%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:20
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.