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Rogers

NYSE:ROG
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ROG
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The last earnings update was 24 days ago. More info.


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  • Rogers has significant price volatility in the past 3 months.
ROG Share Price and Events
7 Day Returns
5%
NYSE:ROG
3%
US Electronic
2.9%
US Market
1 Year Returns
13.1%
NYSE:ROG
-1%
US Electronic
1.4%
US Market
ROG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rogers (ROG) 5% 14.3% 51% 13.1% 157.5% 146.2%
US Electronic 3% 2.3% 17.7% -1% 59.1% 59.1%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • ROG outperformed the Electronic industry which returned -1% over the past year.
  • ROG outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
ROG
Industry
5yr Volatility vs Market

ROG Value

 Is Rogers 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 Rogers 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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rogers.

NYSE:ROG Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:ROG
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 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (8.14%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for NYSE:ROG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rogers 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.

NYSE:ROG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 10.54 Est @ -34.6% 9.65
2020 8.08 Est @ -23.4% 6.77
2021 6.82 Est @ -15.56% 5.23
2022 6.13 Est @ -10.07% 4.31
2023 5.75 Est @ -6.23% 3.70
2024 5.55 Est @ -3.54% 3.26
2025 5.45 Est @ -1.66% 2.94
2026 5.44 Est @ -0.34% 2.68
2027 5.47 Est @ 0.58% 2.47
2028 5.53 Est @ 1.22% 2.28
Present value of next 10 years cash flows $43.28
NYSE:ROG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $5.53 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$87.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $87.20 ÷ (1 + 9.25%)10
$36.00
NYSE:ROG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $43.28 + $36.00
$79.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $79.28 / 18.44
$4.3
NYSE:ROG Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.30
Current discount Discount to share price of $155.54
= -1 x ($155.54 - $4.30) / $4.30
-3517.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Rogers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Rogers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rogers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ROG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.77
NYSE:ROG Share Price ** NYSE (2019-03-15) in USD $155.54
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.59x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rogers.

NYSE:ROG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ROG Share Price ÷ EPS (both in USD)

= 155.54 ÷ 4.77

32.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is overvalued based on earnings compared to the US Electronic industry average.
  • Rogers is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Rogers's expected growth come at a high price?
Raw Data
NYSE:ROG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.5%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

NYSE:ROG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.61x ÷ 14.5%

2.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rogers's assets?
Raw Data
NYSE:ROG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $46.12
NYSE:ROG Share Price * NYSE (2019-03-15) in USD $155.54
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:ROG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ROG Share Price ÷ Book Value per Share (both in USD)

= 155.54 ÷ 46.12

3.37x

* Primary Listing of Rogers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rogers is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Rogers's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Rogers has a total score of 0/6, 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.

ROG Future Performance

 How is Rogers 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!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rogers expected to grow at an attractive rate?
  • Rogers's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Rogers's earnings growth is expected to exceed the United States of America market average.
  • Rogers's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ROG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ROG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.5%
NYSE:ROG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.1%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
Raw Data
NYSE:ROG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ROG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,014 116 2
2019-12-31 945 107 3
NYSE:ROG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 879 67 88
2018-09-30 865 73 70
2018-06-30 845 97 76
2018-03-31 832 125 80
2017-12-31 821 139 80
2017-09-30 785 123 85
2017-06-30 744 130 76
2017-03-31 700 114 60
2016-12-31 656 117 48
2016-09-30 636 123 43
2016-06-30 631 103 39
2016-03-31 637 87 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rogers's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Rogers's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ROG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Rogers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ROG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 6.53 6.83 6.23 2.00
2019-12-31 5.40 5.86 4.81 3.00
NYSE:ROG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.77
2018-09-30 3.83
2018-06-30 4.16
2018-03-31 4.37
2017-12-31 4.43
2017-09-30 4.72
2017-06-30 4.21
2017-03-31 3.35
2016-12-31 2.68
2016-09-30 2.39
2016-06-30 2.18
2016-03-31 2.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rogers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rogers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rogers 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.

ROG Past Performance

  How has Rogers 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
Below we compare Rogers's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rogers's year on year earnings growth rate has been positive over the past 5 years.
  • Rogers's 1-year earnings growth is less than its 5-year average (8.9% vs 13.4%)
  • Rogers's earnings growth has not exceeded the US Electronic industry average in the past year (8.9% vs 48.8%).
Earnings and Revenue History
Rogers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rogers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ROG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 879.09 87.65 161.33 33.08
2018-09-30 865.16 70.20 161.70 32.55
2018-06-30 845.08 76.00 161.97 32.33
2018-03-31 831.83 79.56 159.44 30.72
2017-12-31 821.04 80.46 153.41 29.55
2017-09-30 785.04 85.37 151.29 29.18
2017-06-30 743.51 75.91 142.57 29.06
2017-03-31 699.58 60.39 136.93 28.99
2016-12-31 656.31 48.28 134.22 28.58
2016-09-30 636.24 42.95 124.82 28.11
2016-06-30 631.35 39.43 122.12 28.11
2016-03-31 636.96 47.61 120.28 28.09
2015-12-31 641.44 46.32 126.96 27.64
2015-09-30 636.24 47.28 121.93 26.07
2015-06-30 638.93 55.13 122.62 24.76
2015-03-31 629.32 52.48 122.69 24.12
2014-12-31 610.91 53.41 122.14 22.88
2014-09-30 599.42 57.40 120.24 22.02
2014-06-30 579.19 50.58 116.24 21.41
2014-03-31 558.14 45.26 108.99 21.24
2013-12-31 537.48 38.20 105.60 21.65
2013-09-30 525.43 31.31 96.08 21.59
2013-06-30 511.74 76.86 94.97 21.03
2013-03-31 504.59 77.70 91.96 19.26
2012-12-31 498.76 69.13 91.99 19.31
2012-09-30 496.15 68.05 93.37 19.94
2012-06-30 514.36 24.58 96.46 20.49
2012-03-31 532.57 31.60 100.57 21.64

*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.
  • Rogers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rogers used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Rogers's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Rogers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rogers has a total score of 2/6, 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.

ROG Health

 How is Rogers'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 Rogers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rogers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rogers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rogers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x 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.
Raw Data

All data from Rogers Company Filings, last reported 2 months ago.

NYSE:ROG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 848.32 233.53 167.74
2018-09-30 826.38 238.70 151.27
2018-06-30 804.79 136.99 174.70
2018-03-31 799.02 137.44 173.02
2017-12-31 766.57 137.43 181.20
2017-09-30 751.10 136.86 150.99
2017-06-30 718.26 196.78 177.31
2017-03-31 679.24 246.51 186.11
2016-12-31 635.79 244.87 227.77
2016-09-30 629.84 80.00 173.52
2016-06-30 613.19 180.89 247.40
2016-03-31 610.29 181.68 229.20
2015-12-31 584.58 182.36 204.59
2015-09-30 576.13 185.37 192.61
2015-06-30 599.89 186.23 209.76
2015-03-31 573.07 186.08 199.86
2014-12-31 587.28 66.79 237.38
2014-09-30 596.98 72.31 227.97
2014-06-30 597.31 78.06 218.69
2014-03-31 581.89 81.97 216.46
2013-12-31 555.53 85.82 191.88
2013-09-30 514.91 89.54 158.61
2013-06-30 470.38 100.99 137.02
2013-03-31 436.37 103.74 126.41
2012-12-31 434.15 106.73 114.86
2012-09-30 416.88 114.44 91.10
2012-06-30 345.34 128.52 95.79
2012-03-31 345.23 130.42 93.52
  • Rogers's level of debt (27.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.4% vs 27.5% today).
  • Debt is well covered by operating cash flow (28.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19x coverage).
X
Financial health checks
We assess Rogers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rogers has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

ROG Dividends

 What is Rogers'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
Dividend payments
0%
Current annual income from Rogers dividends.
If you bought $2,000 of Rogers shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rogers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rogers's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
NYSE:ROG Annualized Past and Future Dividends
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 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ROG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rogers has not reported any payouts.
  • Unable to verify if Rogers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rogers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rogers has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rogers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rogers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rogers 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.

ROG Management

 What is the CEO of Rogers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Hoechner
COMPENSATION $3,807,177
AGE 58
TENURE AS CEO 7.4 years
CEO Bio

Mr. Bruce D. Hoechner has been the Chief Executive Officer and President at Rogers Corporation (also know as: Rogers Advanced Circuit Materials Division ) since October 03, 2011. Mr. Hoechner served as Vice President and General Manager of Paint and Coatings Materials of Asia & Pacific (outside India) of Rohm and Haas Company since January 1, 2007. He joined Rohm and Haas in 1981 and served as Process Design Engineer in Corporate Engineering. From October 2009 to October 2011, he served as the President of Asia Pacific region, based in Shanghai, China, for Dow Chemical Company. He transferred to the Bayport, Texas plant in 1983 as Plant Engineer. He moved to the Home Office in 1985 to assume the position of Operations and Customer Service Manager of Plastics Additives for North America. In 1990, he relocated to Singapore as Home Office's Business Development Manager for Plastics Additives, Asia-Pacific, working with joint venture partner, Kureha Chemical. Transferring to Philadelphia in 1994, he served as North American Group Marketing Manager for Paper, Textile and Nonwovens Business Unit. In 1996, he served as the Worldwide Business Unit Director for Leather Chemicals. In 1997, he returned to the Asia-Pacific Region and served as General Manager of Rohm and Haas Thailand and Building Products Business Manager for Asia-Pacific. Returning to the Home Office in 1999, he served as Global Business Director of the Textile, Nonwovens and Leather businesses. In 2000, he served as Director of e-Transformation and he led the Rohm and Haas worldwide business process redesign, ERP implementation and e-Business. He has been a Director at Curtiss-Wright Corporation since May 11, 2017 and Rogers Corporation since October 3, 2011. He serves as a Director of Elemica. Mr. Hoechner studied B.S. degree in Chemical Engineering from Pennsylvania State University in 1981. In 1989, he completed the Wharton Executive Management Program at the University of Pennsylvania Wharton School of Business.

CEO Compensation
  • Bruce's compensation has increased by more than 20% in the past year.
  • Bruce's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Rogers management team in years:

3.2
Average Tenure
55
Average Age
  • The tenure for the Rogers management team is about average.
Management Team

Bruce Hoechner

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
7.4 yrs

Bob Daigle

TITLE
Senior VP & CTO
COMPENSATION
$1M
AGE
55
TENURE
10.2 yrs

Jay Knoll

TITLE
Senior VP of Corporate Development
COMPENSATION
$1M
AGE
55
TENURE
4.3 yrs

Helen Zhang

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
2.2 yrs

Mike Ludwig

TITLE
Senior VP
AGE
57
TENURE
0.5 yrs

Marc Beulque

TITLE
Vice President of Global Operations
AGE
53
TENURE
3.2 yrs

Jack Monti

TITLE
Director of Investor Relations

Benjamin Buckley

TITLE
VP & Chief Human Resources Officer
AGE
45
TENURE
0.2 yrs

Jeffrey Grudzien

TITLE
Senior VP & GM of Advanced Connectivity Solutions
COMPENSATION
$743K
AGE
56
TENURE
2.2 yrs

Gary Glandon

TITLE
Senior Vice President
COMPENSATION
$722K
AGE
59
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Rogers board of directors in years:

5
Average Tenure
63.5
Average Age
  • The tenure for the Rogers board of directors is about average.
Board of Directors

Bruce Hoechner

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
7.4 yrs

Pete Wallace

TITLE
Director
COMPENSATION
$201K
AGE
64
TENURE
8.8 yrs

Leen Simonet-Lauriks

TITLE
Director
COMPENSATION
$213K
AGE
66
TENURE
4.4 yrs

Keith Barnes

TITLE
Director
COMPENSATION
$205K
AGE
67
TENURE
3.4 yrs

Mike Barry

TITLE
Lead Director
COMPENSATION
$208K
AGE
60
TENURE
1.8 yrs

Carol Jensen

TITLE
Director
COMPENSATION
$191K
AGE
65
TENURE
13.1 yrs

Ganesh Moorthy

TITLE
Director
COMPENSATION
$193K
AGE
58
TENURE
5.7 yrs

Jeff Owens

TITLE
Director
COMPENSATION
$143K
AGE
63
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • Rogers insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Feb 19 Sell Keith Barnes Individual 25. Feb 19 25. Feb 19 -700 $155.75 $-109,027
26. Feb 19 Sell Ganesh Moorthy Individual 22. Feb 19 22. Feb 19 -1,500 $155.00 $-232,500
25. Feb 19 Sell Benjamin Buckley Individual 22. Feb 19 22. Feb 19 -1,310 $155.00 $-203,050
25. Feb 19 Sell Marc Beulque Individual 22. Feb 19 22. Feb 19 -3,890 $152.50 $-593,225
25. Feb 19 Sell Jeffrey Grudzien Individual 22. Feb 19 22. Feb 19 -5,470 $153.00 $-836,910
25. Feb 19 Sell Jay Knoll Individual 22. Feb 19 22. Feb 19 -2,000 $152.29 $-304,586
25. Feb 19 Sell Helen Zhang Individual 22. Feb 19 22. Feb 19 -12,142 $154.48 $-1,870,475
31. Aug 18 Sell Christopher Shadday Individual 30. Aug 18 30. Aug 18 -1,500 $139.77 $-209,660
29. Aug 18 Sell Marc Beulque Individual 27. Aug 18 27. Aug 18 -2,865 $137.92 $-395,137
07. May 18 Sell Janice Stipp Individual 04. May 18 04. May 18 -181 $112.91 $-20,470
02. May 18 Sell Helen Zhang Individual 30. Apr 18 30. Apr 18 -9,325 $112.29 $-1,026,333
02. May 18 Sell Janice Stipp Individual 30. Apr 18 01. May 18 -9,392 $110.58 $-1,023,764
X
Management checks
We assess Rogers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rogers 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.

ROG News

Simply Wall St News

How Much Are Rogers Corporation (NYSE:ROG) Insiders Taking Off The Table?

So before you buy or sell Rogers Corporation (NYSE:ROG), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year we saw more insider selling of Rogers shares, than buying

Simply Wall St -

Where Rogers Corporation (NYSE:ROG) Stands In Terms Of Earnings Growth Against Its Industry

Today I will assess ROG's recent performance announced on 31 December 2018 and evaluate these figures to its longer term trend and industry movements. … ROG's trailing twelve-month earnings (from 31 December 2018) of US$88m has … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 13%, indicating the rate at which ROG is growing has slowed down.

Simply Wall St -

Rogers Corporation (NYSE:ROG) Investors Are Paying Above The Intrinsic Value

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should We Worry About Rogers Corporation's (NYSE:ROG) 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 show how you can use Rogers Corporation's (NYSE:ROG) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Examining Rogers Corporation’s (NYSE:ROG) Weak Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Does Rogers Corporation (NYSE:ROG) Affect Your Portfolio Volatility?

If you're interested in Rogers Corporation (NYSE:ROG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What You Must Know About Rogers Corporation's (NYSE:ROG) Financial Health

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Rogers Corporation (NYSE:ROG), with a market cap of US$2.1b, are often out of the spotlight. … Today we will look at ROG’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.

Simply Wall St -

Are Insiders Selling Rogers Corporation (NYSE:ROG) Stock?

So before you buy or sell Rogers Corporation (NYSE:ROG), you may well want to know whether insiders have been buying or selling. … That means that even when the share price was below the current price of US$120, an insider wanted to cash in some shares. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price.

Simply Wall St -

Does Rogers Corporation (NYSE:ROG) Create Value For Shareholders?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.085 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Has Rogers Corporation's (NYSE:ROG) Performed Against The Industry?

After reading Rogers Corporation's (NYSE:ROG) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … ROG's trailing twelve-month earnings (from 30 June 2018) of US$76m has? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 10%, indicating the rate at which ROG is growing has slowed down

Simply Wall St -

ROG Company Info

Description

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in critical cushioning, sealing, and vibration management applications for the portable electronics, automotive, aerospace, rail, footwear, and printing end markets; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable, pressure-sensitive tapes, and automotive applications. It provides its products under the PORON, BISCO, DeWAL, ARLON, DSP, Griswold, eSORBA, XRD, HeatSORB, and R/bak names. The PES segment offers ceramic substrate materials for power module applications, laminated busbars for power inverter and high power interconnect applications, and micro-channel coolers. It sells its ceramic substrate materials and micro-channel coolers under the curamik name; and busbars under the ROLINX name. The Other segment provides elastomer components for applications in the ground transportation, office equipment, consumer, and other markets; elastomer floats for level sensing in fuel tanks, motors, and storage tanks; and inverters for portable communications and automotive markets. It offers its elastomer components under the NITROPHYL and ENDUR names. The company was founded in 1832 and is headquartered in Chandler, Arizona.

Details
Name: Rogers Corporation
ROG
Exchange: NYSE
Founded: 1832
$2,867,924,601
18,438,502
Website: http://www.rogerscorp.com
Address: Rogers Corporation
2225 West Chandler Boulevard,
Chandler,
Arizona, 85224,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ROG Common Stock New York Stock Exchange US USD 02. Jan 1968
DB RG6 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
3,700
Rogers employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:41
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
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.