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Rogers Corporation (ROG)
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Upturn Advisory Summary
02/20/2025: ROG (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -13.76% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.59B USD | Price to earnings Ratio 61.34 | 1Y Target Price 115 |
Price to earnings Ratio 61.34 | 1Y Target Price 115 | ||
Volume (30-day avg) 131479 | Beta 0.52 | 52 Weeks Range 84.75 - 134.06 | Updated Date 02/21/2025 |
52 Weeks Range 84.75 - 134.06 | Updated Date 02/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.4 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-19 | When Before Market | Estimate 0.435 | Actual 0.46 |
Profitability
Profit Margin 3.14% | Operating Margin (TTM) 5.88% |
Management Effectiveness
Return on Assets (TTM) 2.36% | Return on Equity (TTM) 2.08% |
Valuation
Trailing PE 61.34 | Forward PE 6.47 | Enterprise Value 1453395000 | Price to Sales(TTM) 1.91 |
Enterprise Value 1453395000 | Price to Sales(TTM) 1.91 | ||
Enterprise Value to Revenue 1.75 | Enterprise Value to EBITDA 41.41 | Shares Outstanding 18500000 | Shares Floating 17306195 |
Shares Outstanding 18500000 | Shares Floating 17306195 | ||
Percent Insiders 0.78 | Percent Institutions 102.15 |
AI Summary
Rogers Corporation: A Comprehensive Overview
Company Profile:
History and Background:
- Founded in 1842 as a paper mill in Manchester, Connecticut.
- Expanded into advanced materials in the 1950s, focusing on engineered polymers and electronic materials.
- Now a global leader in engineered materials for diverse industries.
Core Business Areas:
- Advanced Connectivity Solutions (ACS): High-performance materials for wireless and high-speed communication infrastructure.
- Power Electronics Solutions (PES): Thermal management solutions for power electronics devices and systems.
- High-Performance Foams (HPF): High-purity and open-cell foam materials for filtration, battery, and consumer applications.
Leadership and Corporate Structure:
- Bruce Hoechner: President and Chief Executive Officer.
- Michael Judd: Executive Vice President and Chief Financial Officer.
- Board of Directors with expertise in technology, finance, and business strategy.
Top Products and Market Share:
- RO3000® laminates: Leading material for 5G and high-frequency circuit board applications. (Market share unavailable)
- PowerBlok® laminates: High-performance thermal management materials for power electronics. (Market share unavailable)
- PORON® urethane foams: Versatile foam materials used in diverse applications. (Global market share estimated at 20%)
Competition:
- Advanced Connectivity Solutions: 3M, DuPont, Isola Group
- Power Electronics Solutions: Laird Performance Materials, Henkel, Bergquist Company
- High-Performance Foams: Recticel, Armacell, Zotefoams
Total Addressable Market:
- Difficult to estimate due to the varied applications and industries served by Rogers Corporation.
- Estimated global market for high-performance materials in electronics, power, and energy sectors exceeds $200 billion.
Financial Performance:
- Revenue: Steady growth over the past five years, reaching $654 million in 2022.
- Net Income: Fluctuations related to investments and acquisitions, but generally increasing. In 2022, net income reached $64.5 million.
- Profit Margins: Operating margin around 10%, net profit margin around 8%.
- Earnings Per Share (EPS): Upward trend in recent years, with EPS of $2.50 in 2022.
Dividends and Shareholder Returns:
- Dividend Yield: Approximately 1.2% with a regular dividend payout.
- Shareholder Returns: Above-average total shareholder return over the past five years, exceeding 40%.
Growth Trajectory:
- Historical growth driven by technology advancements and increasing demand for high-performance materials.
- Future growth expected from 5G infrastructure, electric vehicle adoption, and renewable energy markets.
- Recent product launches and strategic partnerships suggest continued focus on innovation and market expansion.
Market Dynamics:
- The electronics industry faces dynamic changes with shifting technology and global competition.
- Rogers Corporation continuously invests in R&D to maintain its competitive edge and adapt to market demands.
Recent Acquisitions (2021-2023):
- 2021: Isola Group, a leading manufacturer of high-performance printed circuit materials. This acquisition strengthened Rogers Corporation's position in the Advanced Connectivity Solutions market.
- 2022: Eccosorb, a provider of microwave absorbers and anechoic chambers. This acquisition expanded Rogers Corporation's offerings in the power electronics and high-frequency communications markets.
- 2023: Poron Material Solutions, a leading supplier of PORON® urethane foams. This acquisition further strengthened Rogers Corporation's position in the high-performance foams market.
AI-Based Fundamental Rating:
Rating: 8/10
Justification:
- Solid Financial Performance: Consistent revenue and earnings growth, healthy profit margins.
- Market Leader in Niche Segments: Dominating positions in specific product categories with unique technologies.
- Strong Growth Potential: Benefiting from megatrends in technology and electronics.
- Recent Acquisitions: Expanding capabilities and addressing new markets.
Sources:
- Rogers Corporation official website: https://www.rogerscorp.com/
- SEC filings: https://www.sec.gov/edgar/search/
- Yahoo Finance: https://finance.yahoo.com/quote/ROG/
Disclaimers:
- This analysis is for informational purposes only and does not constitute financial advice.
- All data is based on publicly available information as of November 2023 and may be subject to change.
- Individual investors should conduct their own due diligence before making investment decisions.
About Rogers Corporation
Exchange NYSE | Headquaters Chandler, AZ, United States | ||
IPO Launch date 1980-03-17 | President, CEO & Director Mr. Randall Colin Gouveia | ||
Sector Technology | Industry Electronic Components | Full time employees - | Website https://www.rogerscorp.com |
Full time employees - | Website https://www.rogerscorp.com |
Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, IsoClad, MAGTREX, IM, 2929 Bondply, SpeedWave Prepreg, RO4400/RO4400T, and Radix names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSorba, XRD, Silicone Engineering, and R/bak 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 ENDUR and NITROPHYL names. The company was founded in 1832 and is headquartered in Chandler, Arizona.
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