Cooper-Standard Holdings Inc Stock Research

Market Summary

USD13.95+0.90

Delayed

6.90%

CPS Stock Price

CPS RSI Chart

CPS Valuation

Market Cap

238.7M

Price/Earnings (Trailing)

-1.11

Price/Sales (Trailing)

0.09

EV/EBITDA

-6.33

Price/Free Cashflow

-6.6

CPS Price/Sales (Trailing)

CPS Profitability

EBT Margin

-7.94%

Return on Equity

-199.96%

Return on Assets

-10.97%

Free Cashflow Yield

-15.15%

CPS Fundamentals

CPS Revenue

Revenue (TTM)

2.5B

Revenue Y/Y

7.98%

Revenue Q/Q

-1.19%

CPS Earnings

Earnings (TTM)

-215.4M

Earnings Y/Y

13.79%

Earnings Q/Q

-169.51%

Price Action

52 Week Range

3.5318.95

(Low)(High)

Last 7 days

-20.8%

Last 30 days

-25.0%

Last 90 days

106.8%

Trailing 12 Months

46.1%

CPS Financial Health

Current Ratio

1.5

Debt/Equity

9.12

Debt/Cashflow

-0.04

CPS Investor Care

Shares Dilution (1Y)

0.68%

Diluted EPS (TTM)

-12.53

Peers (Alternatives to Cooper-Standard Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	582.6B	81.5B	-7.29%	-32.49%	46.4	7.15	51.35%	127.50%
GM	50.1B	156.7B	-18.30%	-18.15%	5.04	0.32	23.41%	-0.85%
APTV	30.4B	17.5B	-3.57%	0.64%	51.17	1.74	11.98%	0.68%
BWA	11.0B	15.8B	-7.92%	26.25%	11.64	0.7	6.49%	75.79%
MID-CAP
LEA	8.2B	20.9B	-4.37%	-2.78%	25.09	0.39	8.45%	-12.36%
ALV	7.7B	8.8B	-2.26%	19.42%	18.32	0.88	7.44%	-2.76%
GNTX	6.3B	1.9B	-8.27%	-5.96%	19.71	3.27	10.85%	-11.65%
ADNT	3.8B	14.3B	-9.05%	10.32%	-70.07	0.26	7.72%	-105.97%
LCII	2.7B	5.2B	-11.21%	-14.84%	6.91	0.52	16.42%	37.27%
SMALL-CAP
TEN	1.7B	18.6B	8.17%	58.15%	-7.03	0.09	1.85%	-200.42%
AXL	891.6M	5.8B	-18.94%	-4.84%	13.87	0.15	12.52%	989.83%
SRI	486.9M	899.9M	-26.03%	-3.76%	-23.81	0.54	16.80%	-255.49%
GTX	458.4M	3.6B	-17.06%	0.57%	1.18	0.13	-0.83%	-21.21%
CPS	238.7M	2.5B	-24.96%	46.14%	-1.11	0.09	8.38%	33.28%

Financials for Cooper-Standard Holdings

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.9%	2,525,391,000	2,477,403,000	2,346,940,000	2,274,208,000	2,330,191,000
Gross Profit	25.4%	129,791,000	103,473,000	56,787,000	40,478,000	87,228,000
S&GA Expenses	-3.9%	199,455,000	207,637,000	223,157,000	220,960,000	227,110,000
R&D Expenses	-	89,956,000	-	-	-	-
EBITDA	-16.2%	-163,253,000	-140,515,000	-251,685,000	-222,955,000	-
EBITDA Margin	85.9%	-0.06	-0.46	-0.11	-0.10	-
Earnings Before Taxes	3.7%	-200,500,000	-208,281,000	-266,971,000	-316,813,000	-289,452,000
EBT Margin	5.6%	-0.08	-0.08	-0.87	-0.14	-
Interest Expenses	-8.3%	-78,514,000	-72,511,000	-	-	-
Net Income	6.7%	-215,384,000	-230,814,000	-321,301,000	-351,679,000	-322,835,000
Net Income Margin	8.5%	-0.09	-0.09	-1.04	-0.15	-
Free Cahsflow	-151.4%	-36,150,000	-14,382,000	-55,011,000	-120,639,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-6.6%	1,964	2,102	2,140	2,283	2,226
Current Assets	-5.9%	946	1,005	999	1,094	995
Cash Equivalents	-19.2%	187	231	250	253	248
Inventory	-19.1%	158	195	184	197	158
Net PPE	-3.6%	643	667	703	745	784
Goodwill	0.0%	142	142	142	142	142
Liabilities	-3.4%	1,862	1,927	1,919	2,012	1,895
Current Liabilities	-5.4%	632	668	646	725	598
Long Term Debt	0.4%	982	978	979	980	981
Shareholder's Equity	-40.5%	108	181	222	271	325
Retained Earnings	-86.6%	-189	-101	-69.05	-35.81	26.00
Additional Paid-In Capital	0.1%	507	507	506	505	504
Accumulated Depreciation	-	896	-	-	-	-
Shares Outstanding	0%	17.00	17.00	17.00	17.00	17.00
Minority Interest	-12.8%	-6.52	-5.78	-5.60	-4.97	6.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-151.4%	-36.15	-14.38	-55.01	-120	-115
Share Based Compensation	-3.8%	3.00	3.00	4.00	4.00	6.00
Cashflow From Investing	24.8%	-17.89	-23.79	-30.31	-34.94	-91.26
Cashflow From Financing	-328.4%	-4.27	2.00	-12.57	-1.05	3.00
Buy Backs	-	0.00	-	-	-	-

Risks for CPS

What is the probability of a big loss on CPS?

90.4%

Probability that Cooper-Standard Holdings stock will be more than 20% underwater in next one year

90%

Probability that Cooper-Standard Holdings stock will be more than 30% underwater in next one year.

82.3%

Probability that Cooper-Standard Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CPS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cooper-Standard Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for CPS

Cumulative Returns on CPS

-9.8%

10-Year Cumulative Returns

-21.8%

7-Year Cumulative Returns

-35.9%

5-Year Cumulative Returns

-5.1%

3-Year Cumulative Returns

What are the long-term rolling returns for CPS?

FIve years rolling returns for Cooper-Standard Holdings.

Annualized Returns

Which funds bought or sold CPS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-02-22	Kovack Advisors, Inc.	new	-	1,179,480	1,179,480	0.17%
2023-02-15	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-62.67	-48,000	67,000	-%
2023-02-14	Jump Financial, LLC	reduced	-2.11	48,019	141,019	0.01%
2023-02-14	Quarry LP	new	-	15,420	15,420	-%
2023-02-14	Qube Research & Technologies Ltd	reduced	-18.99	21,658	105,658	-%
2023-02-14	Quadrature Capital Ltd	sold off	-100	-129,000	-	-%
2023-02-14	Divisar Capital Management LLC	reduced	-17.24	1,980,120	8,954,120	2.19%
2023-02-14	Squarepoint Ops LLC	sold off	-100	-184,000	-	-%
2023-02-14	Man Group plc	sold off	-100	-265,000	-	-%
2023-02-14	NewEdge Advisors, LLC	new	-	34,428	34,428	-%

Latest Funds Activity

Are funds buying CPS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CPS

No. of Funds

Cooper-Standard Holdings News

Schedule 13G FIlings of Cooper-Standard Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	millstreet capital management llc	5.45%	931,971	SC 13G
Feb 14, 2023	divisar capital management llc	5.4%	920,344	SC 13G/A
Feb 14, 2023	towle & co	0.0%	0	SC 13G/A
Feb 14, 2023	fuller & thaler asset management, inc.	0.00%	0	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	4.09%	699,660	SC 13G/A
Feb 08, 2023	thrivent financial for lutherans	20.21%	3,458,026	SC 13G/A
Feb 03, 2023	charles schwab investment management inc	9.56%	1,635,351	SC 13G
Jul 08, 2022	blackrock inc.	4.7%	805,849	SC 13G/A
May 09, 2022	divisar capital management llc	6.8%	1,155,707	SC 13G

CPS Fair Value

Cooper-Standard Holdings fair value in different scenarios

The table shows the Fair Value estimates for Cooper-Standard Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	11.39 -18.35%	12.40 -11.11%	23.74 70.18%	31.46 125.52%	38.24 174.12%
Current Inflation	10.75 -22.94%	11.71 -16.06%	22.31 59.93%	29.26 109.75%	35.47 154.27%
Very High Inflation	9.90 -29.03%	10.79 -22.65%	20.43 46.45%	26.45 89.61%	31.92 128.82%

Historical Cooper-Standard Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Cooper-Standard Holdings

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	PRE 14A	PRE 14A
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Feb 17, 2023	8-K	Current Report
Feb 17, 2023	10-K	Annual Report

Latest Insider Trading transactions for CPS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-03	Clark Patrick	gifted	-	-	2,240	see remarks
2023-03-03	Clark Patrick	gifted	-	-	-2,240	see remarks
2023-03-02	Edwards Jeffrey S	acquired	-	-	23,413	chairman and ceo
2023-03-02	Ott Larry	sold (taxes)	-12,815	15.9	-806	see remarks
2023-03-02	Ott Larry	acquired	-	-	2,927	see remarks
2023-03-02	Edwards Jeffrey S	sold (taxes)	-99,168	15.9	-6,237	chairman and ceo
2023-03-01	Banas Jonathan P	acquired	-	-	5,083	evp and cfo
2023-03-01	Venkatasubramanian Somasundhar	sold (taxes)	-8,315	15.9	-523	see remarks
2023-03-01	Couch Christopher	sold (taxes)	-16,106	15.9	-1,013	see remarks
2023-03-01	Totsky Joanna M.	sold (taxes)	-17,124	15.9	-1,077	see remarks

About Cooper-Standard Holdings

Jeffrey S. Edwards

www.cooperstandard.com

22600

Cooper-Standard Holdings Inc., through its subsidiary, Cooper-Standard Automotive Inc., designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance. Its fuel and brake delivery systems comprise chassis and tank fuel lines and bundles, direct injection and port fuel rails, metallic brake lines and bundles, tube coatings, quick connects, low oligomer multi-layer convoluted tubes, and brake jounce lines. The company's fluid transfer systems consist of heater/coolant hoses, turbo charger hoses, quick connects, charged air cooler ducts/assemblies, DPF and SCR emission lines, secondary air hoses, degas tanks, brake and clutch hoses, air intake and charge systems, transmission oil cooling hoses, and multilayer tubing for glycol thermal management. Its products are primarily used in passenger vehicles and light trucks that are manufactured by automotive original equipment manufacturers and replacement markets. The company operates in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. Cooper-Standard Holdings Inc. was founded in 1960 and is headquartered in Northville, Michigan.

CPS Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF NET INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Sales	$ 2,525,391	$ 2,330,191	$ 2,375,439
Cost of products sold	2,395,600	2,242,963	2,227,892
Gross profit	129,791	87,228	147,547
Selling, administration & engineering expenses	199,455	227,110	263,611
Gain on sale of business, net	0	(696)	(2,834)
Gain on sale of land	(33,391)	0	0
Amortization of intangibles	6,715	7,347	11,611
Impairment charges	43,710	25,609	104,363
Restructuring charges	18,304	36,950	39,482
Operating loss	(105,002)	(209,092)	(268,686)
Interest expense, net of interest income	(78,514)	(72,511)	(59,167)
Equity in earnings of affiliates	(8,817)	(1,728)	396
Pension Settlement Charges	(2,682)	(1,279)	(184)
Other expense, net	(5,485)	(4,842)	(2,580)
Loss before income taxes	(200,500)	(289,452)	(330,221)
Income Tax Expense (Benefit)	17,291	39,392	(60,847)
Net loss	(217,791)	(328,844)	(269,374)
Net loss attributable to noncontrolling interests	2,407	6,009	1,769
Net loss attributable to Cooper-Standard Holdings Inc.	$ (215,384)	$ (322,835)	$ (267,605)
Earnings per share
Basic (in dollars per share)	$ (12.53)	$ (18.94)	$ (15.82)
Diluted (in dollars per share)	$ (12.53)	$ (18.94)	$ (15.82)

CPS Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 186,875	$ 248,010
Accounts receivable, net	358,700	317,469
Tooling receivable	95,965	88,900
Inventories	157,756	158,075
Prepaid expenses	31,170	26,313
Income tax receivable and refundable credits	13,668	82,813
Other current assets	101,515	73,317
Total current assets	945,649	994,897
Property, plant and equipment, net	642,860	784,348
Operating lease right-of-use assets, net	94,571	111,052
Goodwill	142,023	142,282
Intangibles assets, net	47,641	60,375
Deferred tax assets	19,852	27,805
Other assets	70,933	105,734
Total assets	1,963,529	2,226,493
Current liabilities:
Debt payable within one year	54,130	56,111
Accounts payable	338,210	348,133
Payroll liabilities	99,029	69,353
Accrued liabilities	119,463	101,466
Current operating lease liabilities	20,786	22,552
Total current liabilities	631,618	597,615
Long-term debt	982,054	980,604
Pension benefits	98,481	129,880
Postretirement benefits other than pensions	31,014	43,498
Long-term operating lease liabilities	77,617	92,760
Deferred tax liabilities	7,052	8,414
Other liabilities	34,501	42,362
Total liabilities	1,862,337	1,895,133
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	0	0
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,173,838 shares issued and 17,108,029 outstanding as of December 31, 2022 and 19,057,788 shares issued and 16,991,979 outstanding as of December 31, 2021	17	17
Additional paid-in capital	507,498	504,497
Retained earnings	(189,831)	25,553
Accumulated other comprehensive loss	(209,971)	(205,184)
Total Cooper-Standard Holdings Inc. equity	107,713	324,883
Noncontrolling interests	(6,521)	6,477
Total equity	101,192	331,360
Total liabilities and equity	$ 1,963,529	$ 2,226,493