Cts Corp

Technology
Electrical Products
www.ctscorp.com

Earnings Score
Moat Score

Market Cap $1.38B
PE 23
Debt -
Cash $94.88M
EV -
FCF $89.36M

Earnings

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Sales & Net Margins

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Earnings	$59.83M
EBIT	$70.23M
ROE	11%
ROA	9%
FCF	$89.36M
Equity	$530.81M
Growth Stability	-107%
PE	23.1
PEG	1.6
PB	2.6
P/FCF	15.47
P/S	2.69
Price/Cash	0.07
Net Margins	11%
Gross Margins	36%
Op. Margins	14%
Earnings CAGR	12%
Sales Growth YoY	-2%
Sales Growth QoQ	2%
Sales CAGR	5%
FCF CAGR	18%
Equity CAGR	7%
Earnings Stability	0.33
Earnings Growth YoY	34%
Earnings Growth QoQ	27%

Earnings CAGR 5Y	14%
Sales CAGR 5Y	6%
FCF CAGR 5Y	14%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	3%
Equity CAGR 3Y	5%
Market Cap	$1.38B
Revenue	$513.03M
Dividend Yield	0%
Payout Ratio	8%
Assets	$789.39M
Cash	$94.88M
Shares Outstanding	30.18M
Earnings Score	19%
Moat Score	90%
Working Capital	151.76M
Current Ratio	2.46
Gross Profit	$183.31M
Shares Growth 3y	-2%
Equity Growth QoQ	2%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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CTS Corp operates in the electronics industry. The company is a global manufacturer of Sensors, Electronic components, and Actuators. It designs, manufacture, and sell a broad line of sensors, electronic components, and actuators primarily to original equipment manufacturers (OEM) for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Singapore; the Czech Republic; Taiwan and other countries.

SEC Filings

Direct access to Cts Corp (CTS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cts Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cts Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 33%

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Cts Corp Discounted Cash Flow

Fully customizable DCF calculator online for Cts Corp.

Years

Calculation mode

= $3.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$89M	$105M	$124M	$146M	$172M	$202M	$238M	$280M	$329M	$388M	$456M	$4.6B
DCF		$96M	$102M	$109M	$117M	$125M	$134M	$144M	$154M	$164M	$176M	$1.8B
Value	$3.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	2%	9%	3%	10%	8%	8%	-8%	10%	11%	11%
ROA	-	12%	8%	11%	8%	8%	12%	12%	10%	9%
ROE	-	11%	4%	12%	9%	8%	-9%	12%	11%	11%

Good Net Margins (11.46%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	-107%	100%	100%	-107%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-107%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	4%	7%	11%	-0%	-10%	21%	14%	-6%	6%
Earnings YoY growth	-	394%	-58%	222%	-22%	-4%	-221%	-242%	2%	14%
Equity YoY growth	-	13%	8%	10%	7%	5%	9%	9%	4%	7%
FCF YoY growth	-	-8%	50%	-26%	44%	45%	14%	52%	-31%	14%