NYSE:ROG

Stock Analysis Report

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Executive Summary

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Rogers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ROG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.6%

ROG

3.1%

US Electronic

2.0%

US Market


1 Year Return

-19.7%

ROG

6.9%

US Electronic

7.1%

US Market

Return vs Industry: ROG underperformed the US Electronic industry which returned 6.9% over the past year.

Return vs Market: ROG underperformed the US Market which returned 7.1% over the past year.


Shareholder returns

ROGIndustryMarket
7 Day6.6%3.1%2.0%
30 Day5.0%9.6%6.0%
90 Day-3.4%0.5%-0.05%
1 Year-19.7%-19.7%8.0%6.9%9.5%7.1%
3 Year2.9%2.9%17.0%13.8%30.7%22.1%
5 Year55.1%55.1%55.6%48.2%55.6%38.0%

Price Volatility Vs. Market

How volatile is Rogers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rogers undervalued compared to its fair value and its price relative to the market?

5.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ROG ($112.07) is trading below our estimate of fair value ($117.98)

Significantly Below Fair Value: ROG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ROG is poor value based on its PE Ratio (64.8x) compared to the Electronic industry average (19.2x).

PE vs Market: ROG is poor value based on its PE Ratio (64.8x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: ROG is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: ROG is overvalued based on its PB Ratio (2.2x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Rogers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

49.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ROG's forecast earnings growth (49.8% per year) is above the savings rate (2.2%).

Earnings vs Market: ROG's earnings (49.8% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ROG's revenue (3.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: ROG's revenue (3.7% 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 ROG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rogers performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROG has a large one-off loss of $56.4M impacting its March 31 2020 financial results.

Growing Profit Margin: ROG's current net profit margins (3.8%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: ROG's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: ROG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ROG had negative earnings growth (-64.2%) over the past year, making it difficult to compare to the Electronic industry average (-9.4%).


Return on Equity

High ROE: ROG's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Rogers's financial position?


Financial Position Analysis

Short Term Liabilities: ROG's short term assets ($621.3M) exceed its short term liabilities ($97.3M).

Long Term Liabilities: ROG's short term assets ($621.3M) exceed its long term liabilities ($391.3M).


Debt to Equity History and Analysis

Debt Level: ROG's debt to equity ratio (29.4%) is considered satisfactory.

Reducing Debt: ROG's debt to equity ratio has reduced from 31.4% to 29.4% over the past 5 years.

Debt Coverage: ROG's debt is well covered by operating cash flow (55.4%).

Interest Coverage: ROG's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Rogers's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ROG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ROG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ROG'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?

2.2yrs

Average management tenure


CEO

Bruce Hoechner (59yo)

8.58yrs

Tenure

US$4,036,172

Compensation

Mr. Bruce D. Hoechner has been the Chief Executive Officer, Principal Executive Officer and President at Rogers Corporation (also know as: Rogers Advanced Circuit Materials Division ) since October 03, 201 ...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD4.04M) is about average for companies of similar size in the US market ($USD4.80M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Hoechner
President8.58yrsUS$4.04m0.61% $12.8m
Michael Ludwig
Senior VP1.67yrsUS$1.59m0.0066% $139.1k
Peter Williams
Senior Vice President of Global Operations & Supply Chain0.83yrUS$890.98kno data
Robert Daigle
Senior VP & CTO11.33yrsUS$1.20m0.085% $1.8m
Jay Knoll
Senior VP of Corporate Development5.5yrsUS$1.11m0.044% $910.8k
Mark Weaver
Chief Accounting Officer2.17yrsUS$377.49k0.0075% $156.7k
Stephen Haymore
Director of Investor Relationsno datano datano data
Benjamin Buckley
VP of EH&S and Chief Human Resources Officer1.33yrsno datano data
Gary Glandon
Senior Vice President7.83yrsUS$722.30k0.057% $1.2m
Jonathan Rowntree
Senior VP & GM of Advanced Connectivity Solutions1.33yrsno datano data

2.2yrs

Average Tenure

56yo

Average Age

Experienced Management: ROG's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Hoechner
President8.58yrsUS$4.04m0.61% $12.8m
Peter Wallace
Lead Independent Director1yrUS$229.22k0.081% $1.7m
Keith Barnes
Independent Director4.58yrsUS$228.62k0.028% $577.2k
Jeffrey Owens
Independent Director2.75yrsUS$221.95k0.024% $498.8k
Helene Simonet-Lauriks
Independent Director5.58yrsUS$234.87k0.011% $229.6k
Ganesh Moorthy
Independent Director6.83yrsUS$225.72k0.040% $840.6k
Carol Jensen
Independent Director14.25yrsUS$221.12k0.060% $1.3m

5.6yrs

Average Tenure

65yo

Average Age

Experienced Board: ROG's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ROG insiders have only sold shares 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

Rogers Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rogers Corporation
  • Ticker: ROG
  • Exchange: NYSE
  • Founded: 1832
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$2.091b
  • Shares outstanding: 18.66m
  • Website: https://www.rogerscorp.com

Number of Employees


Location

  • Rogers Corporation
  • 2225 West Chandler Boulevard
  • Chandler
  • Arizona
  • 85224
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROGNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
RG6DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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, and wired infrastructure under the RO4000, RO3000, RT/duroid, TMM, AD Series, CuClad, Kappa, DiClad, IsoClad, COOLSPAN, MAGTREX, TC Series, IM Series, 92ML, and CLTE Series names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications for general industrial, portable electronics, automotive, mass transit, aerospace and defense, footwear and impact mitigation, and printing 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, electrical insulation, and automotive applications under the PORON, BISCO, DeWAL, ARLON, Griswold, eSORBA, XRD, HeatSORB, and R/bak names. The PES segment offers ceramic substrate materials, busbars, and cooling solutions under the curamik and ROLINX names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the NITROPHYL and ENDUR names. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 04:15
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.