CTS - CTS Corp Stock Price, Fair Value and News

43.89USD-0.48 (-1.08%)Market Closed

Market Summary

USD43.89-0.48

Market Closed

-1.08%

CTS Alerts

2 major insider sales recently.

CTS Stock Price

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CTS RSI Chart

CTS Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

22.32

Price/Sales (Trailing)

2.46

EV/EBITDA

11.08

Price/Free Cashflow

15.22

CTS Price/Sales (Trailing)

CTS Profitability

EBT Margin

13.65%

Return on Equity

11.49%

Return on Assets

8.17%

Free Cashflow Yield

6.57%

CTS Fundamentals

CTS Revenue

Revenue (TTM)

550.4M

Rev. Growth (Yr)

-12.36%

Rev. Growth (Qtr)

-7.33%

CTS Earnings

Earnings (TTM)

60.5M

Earnings Growth (Yr)

2.54%

Earnings Growth (Qtr)

9.66%

Breaking Down CTS Revenue

Last 7 days

-3.7%

Last 30 days

-0.4%

Last 90 days

6.0%

Trailing 12 Months

-3.1%

How does CTS drawdown profile look like?

CTS Financial Health

Current Ratio

3.29

CTS Investor Care

Dividend Yield

0.36%

Dividend/Share (TTM)

0.16

Buy Backs (1Y)

2.78%

Diluted EPS (TTM)

1.92

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	585.2M	585.4M	568.0M	550.4M
2022	532.2M	547.6M	577.1M	586.9M
2021	449.4M	494.8M	503.4M	512.9M
2020	454.4M	418.0M	416.1M	424.1M
2019	474.6M	477.2M	474.0M	469.0M
2018	436.4M	448.7M	461.3M	470.5M
2017	400.1M	407.1M	413.7M	423.0M
2016	380.7M	379.3M	388.4M	396.7M
2015	401.6M	398.7M	389.4M	382.3M
2014	412.1M	409.7M	406.0M	404.0M
2013	326.1M	354.7M	382.8M	409.5M
2012	513.4M	443.3M	372.8M	304.5M
2011	574.8M	582.8M	589.5M	588.5M
2010	0	516.9M	534.8M	552.6M
2009	0	0	0	499.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of CTS Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 11, 2024	o'sullivan kieran m	sold	-97,008	47.00	-2,064	president & ceo
Apr 11, 2024	agrawal ashish	sold	-37,600	47.00	-800	cfo
Apr 01, 2024	o'sullivan kieran m	sold	-3,525	47.00	-75.00	president & ceo
Mar 28, 2024	o'sullivan kieran m	sold	-705,778	47.1273	-14,976	president & ceo
Mar 28, 2024	agrawal ashish	sold	-212,138	47.1	-4,504	cfo
Feb 11, 2024	agrawal ashish	sold (taxes)	-46,883	45.74	-1,025	cfo
Feb 11, 2024	o'sullivan kieran m	sold (taxes)	-149,067	45.74	-3,259	president & ceo
Feb 11, 2024	d'angelo scott	sold (taxes)	-16,237	45.74	-355	vp & secretary
Feb 11, 2024	white thomas michael	sold (taxes)	-6,769	45.74	-148	corporate controller & pao
Feb 11, 2024	baumeister martin	sold (taxes)	-19,896	45.74	-435	senior vice president

Which funds bought or sold CTS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	SummerHaven Investment Management, LLC	added	1.3	62,305	806,847	0.50%
Apr 16, 2024	Perpetual Ltd	new	-	211,023	211,023	-%
Apr 16, 2024	Sendero Wealth Management, LLC	unchanged	-	18,904	290,005	0.05%
Apr 15, 2024	GoalVest Advisory LLC	sold off	-100	-1,662	-	-%
Apr 15, 2024	NorthCrest Asset Manangement, LLC	reduced	-3.63	31,599	1,055,120	0.04%
Apr 15, 2024	Sage Investment Advisers LLC	reduced	-63.79	-898,978	568,499	0.65%
Apr 12, 2024	Annex Advisory Services, LLC	added	6.81	128,836	1,032,900	0.04%
Apr 12, 2024	FIRST FINANCIAL CORP /IN/	new	-	2,199	2,199	-%
Apr 12, 2024	MILLER HOWARD INVESTMENTS INC /NY	reduced	-0.29	15,286	244,571	0.01%
Apr 10, 2024	Bruce G. Allen Investments, LLC	sold off	-100	-2,931	-	-%

Are Funds Buying or Selling CTS?

Are funds buying CTS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CTS

No. of Funds

CTS Alerts

2 major insider sales recently.

Unveiling CTS Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	7.0%	2,168,604	SC 13G/A
Feb 13, 2024	earnest partners llc	5.5%	1,720,359	SC 13G/A
Feb 13, 2024	vanguard group inc	8.90%	2,772,099	SC 13G/A
Jan 22, 2024	blackrock inc.	15.9%	4,954,966	SC 13G/A
Apr 03, 2023	gamco investors, inc. et al	1.80%	568,050	SC 13D/A
Feb 14, 2023	t. rowe price investment management, inc.	10.4%	3,331,200	SC 13G/A
Feb 14, 2023	earnest partners llc	5.6%	1,795,869	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	0.2%	56,226	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.2%	56,226	SC 13G/A
Feb 09, 2023	vanguard group inc	7.24%	2,307,608	SC 13G/A

Recent SEC filings of CTS Corp

View All Filings

Date Filed	Form Type	Document
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 11, 2024	144	Notice of Insider Sale Intent
Apr 03, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 29, 2024	DEF 14A	DEF 14A
Mar 29, 2024	DEFA14A	DEFA14A
Mar 29, 2024	ARS	ARS
Mar 28, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to CTS Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.6T	385.7B	-3.29%	0.92%	25.71	6.73	-0.47%	6.03%
APH	66.9B	12.6B	1.74%	42.18%	34.69	5.33	-0.54%	1.35%
FTV	28.2B	6.1B	-5.88%	19.40%	32.55	4.65	4.11%	14.65%
GLW	26.4B	12.6B	-4.27%	-10.29%	44.06	2.1	-11.28%	-55.18%
FLEX	11.8B	29.4B	2.52%	28.51%	15.71	0.4	-1.12%	-8.06%
MID-CAP
CGNX	6.7B	837.5M	-2.29%	-20.65%	59.4	8.03	-16.75%	-47.46%
ARW	6.6B	33.1B	3.71%	3.52%	7.25	0.2	-10.82%	-36.63%
BMI	4.5B	703.6M	-0.89%	26.62%	48.5	6.38	24.40%	39.25%
AVT	4.2B	25.6B	1.02%	8.42%	6.29	0.16	-2.73%	-21.96%
ESE	2.5B	968.8M	-1.69%	0.99%	26.96	2.59	9.35%	8.73%
SMALL-CAP
CNXN	1.6B	2.9B	-2.29%	37.71%	19.58	0.57	-8.78%	-6.67%
BHE	1.1B	2.8B	3.16%	34.12%	16.7	0.38	-1.64%	-5.74%
GPRO	271.4M	1.0B	-18.43%	-61.61%	-5.1	0.27	-8.05%	-284.36%
CPSH	25.6M	26.9M	-2.76%	-34.57%	18.65	0.93	3.62%	-35.71%
AEY	14.9K	56.7M	-85.71%	-99.91%	0	3e-4	-41.04%	-726.48%

CTS Corp News

Latest updates

CTS Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-7.3%	125	135	145	146	142	152	145	148	133	122	130	128	123	114	84.00	103	115	116	121	118	120
Gross Profit	-9.3%	42.00	46.00	51.00	52.00	51.00	53.00	52.00	54.00	49.00	46.00	48.00	43.00	43.00	37.00	27.00	33.00	39.00	37.00	41.00	41.00	43.00
S&GA Expenses	4.3%	19.00	19.00	24.00	22.00	23.00	24.00	22.00	22.00	23.00	20.00	21.00	18.00	19.00	17.00	15.00	17.00	18.00	18.00	17.00	18.00	18.00
R&D Expenses	-16.3%	5.00	6.00	7.00	7.00	5.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	7.00	6.00	7.00	6.00	7.00	6.00
EBITDA Margin	-0.3%	0.19*	0.20*	0.19*	0.19*	0.19*	0.18*	-0.01*	-0.04*	-0.06*	-0.05*	0.16*	0.19*	-	-	-	-	-	-	-	-	-
Interest Expenses	-17.6%	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00
Income Taxes	-51.6%	2.00	5.00	3.00	4.00	6.00	6.00	4.00	6.00	6.00	-25.92	-1.48	3.00	4.00	3.00	1.00	2.00	3.00	4.00	4.00	3.00	-0.69
Earnings Before Taxes	-5.9%	18.00	19.00	16.00	23.00	21.00	17.00	17.00	26.00	15.00	-89.82	-0.60	15.00	19.00	14.00	6.00	6.00	13.00	7.00	16.00	14.00	17.00
EBT Margin	-0.9%	0.14*	0.14*	0.13*	0.13*	0.14*	0.13*	-0.06*	-0.09*	-0.12*	-0.11*	0.10*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	9.7%	15.00	14.00	13.00	18.00	15.00	12.00	13.00	20.00	9.00	-63.90	1.00	12.00	15.00	11.00	5.00	4.00	10.00	3.00	12.00	11.00	18.00
Net Income Margin	3.8%	0.11*	0.11*	0.10*	0.10*	0.10*	0.09*	-0.04*	-0.06*	-0.08*	-0.07*	0.08*	0.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	44.9%	32.00	22.00	23.00	11.00	25.00	60.00	16.00	19.00	26.00	21.00	19.00	20.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-1.7%	741	754	756	747	748	735	730	685	664	652	647	635	626	656	663	685	643	648	581	574	548
Current Assets	-4.5%	319	334	330	323	326	326	279	292	289	277	263	247	233	264	265	283	237	245	250	242	239
Cash Equivalents	2.4%	164	160	151	144	157	148	99.00	126	141	129	117	103	92.00	132	146	151	100	101	106	101	101
Inventory	-8.2%	60.00	65.00	63.00	63.00	62.00	63.00	64.00	52.00	50.00	51.00	49.00	48.00	46.00	41.00	44.00	46.00	42.00	45.00	43.00	43.00	43.00
Net PPE	-0.3%	93.00	93.00	95.00	96.00	97.00	96.00	100	97.00	97.00	93.00	93.00	95.00	97.00	98.00	99.00	102	105	103	100	99.00	99.00
Goodwill	2.3%	158	154	156	156	152	139	32.00	118	110	110	110	109	109	106	106	106	106	108	71.00	71.00	71.00
Liabilities	-7.3%	214	231	235	233	242	244	244	205	201	195	193	199	202	242	262	288	238	253	185	187	170
Current Liabilities	-6.2%	97.00	103	107	106	113	122	115	115	114	105	102	107	105	95.00	78.00	93.00	97.00	101	96.00	98.00	104
Shareholder's Equity	0.8%	527	523	521	514	506	491	486	480	464	457	454	436	424	414	401	397	405	395	396	387	378
Retained Earnings	2.4%	602	588	575	564	547	533	523	511	492	484	550	550	539	526	516	512	510	501	500	489	479
Additional Paid-In Capital	0.8%	45.00	45.00	43.00	42.00	46.00	45.00	43.00	41.00	43.00	41.00	40.00	40.00	42.00	41.00	40.00	40.00	44.00	43.00	42.00	40.00	43.00
Shares Outstanding	-0.4%	31.00	31.00	31.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,338	-	-	-	1,069	-	-	-	1,186	-	-	-	637	-	-	-	890	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	44.9%	32,069	22,135	23,421	11,186	25,458	60,387	16,066	19,286	26,024	21,332	18,675	20,110	27,486	25,573	11,797	11,927	23,670	16,551	14,591	9,593	15,592
Cashflow From Investing	-27.4%	-3,502	-2,749	-3,950	-7,896	-5,400	-2,269	-75,635	-27,884	-7,501	-4,170	-2,587	-1,638	-12,726	-3,196	-2,675	-4,570	-6,752	-79,442	-4,034	-5,274	-7,686
Cashflow From Financing	-155.4%	-25,462	-9,970	-13,342	-16,625	-11,287	-8,769	17,620	6,772	-5,301	-6,396	-1,722	-7,293	-54,054	-36,298	-13,975	42,994	-18,009	58,332	-5,468	-4,796	-10,798
Dividend Payments	-0.7%	1,248	1,257	1,263	1,272	1,276	1,279	1,287	1,289	1,291	1,297	1,294	1,291	1,291	1,290	1,299	1,299	1,304	1,309	1,315	1,310	1,323
Buy Backs	80.5%	15,036	8,328	8,760	8,802	8,001	1,778	7,748	3,920	3,847	-	-	-	-	-	2,776	5,304	3,701	3,043	4,153	849	9,440

CTS Income Statement

2023-12-31

Consolidated Statements of Earnings (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 550,422	$ 586,869	$ 512,925
Cost of goods sold	359,563	376,331	328,306
Gross margin	190,859	210,538	184,619
Selling, general and administrative expenses	83,816	91,520	82,597
Research and development expenses	24,918	24,100	23,856
Restructuring charges	7,074	1,912	1,687
Operating earnings	75,051	93,006	76,479
Other (expense) income:
Interest expense	(3,331)	(2,192)	(2,111)
Interest income	4,625	1,326	840
Other (expense) income	(1,192)	(11,403)	(136,088)
Total other income (expense), net	102	(12,269)	(137,359)
Earnings (loss) before taxes	75,153	80,737	(60,880)
Income tax expense (benefit)	14,621	21,162	(19,014)
Net earnings (loss)	$ 60,532	$ 59,575	$ (41,866)
Net earnings (loss) per share:
Basic	$ 1.93	$ 1.86	$ (1.30)
Diluted	$ 1.92	$ 1.85	$ (1.30)
Basic weighted-average common shares outstanding	31,359	31,968	32,327
Effect of dilutive securities	220	270	0
Diluted weighted-average common shares outstanding	31,579	32,238	32,327
Cash dividends declared per share	$ 0.16	$ 0.16	$ 0.16

CTS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 163,876	$ 156,910
Accounts receivable, net	78,569	90,935
Inventories, net	60,031	62,260
Other current assets	16,873	15,655
Total current assets	319,349	325,760
Property, plant and equipment, net	92,592	97,300
Operating lease assets, net	26,425	22,702
Other assets
Goodwill	157,638	152,361
Other intangible assets, net	103,957	108,053
Deferred income taxes	25,183	23,461
Other assets	16,023	18,850
Total other assets	302,801	302,725
Total Assets	741,167	748,487
Current Liabilities
Accounts payable	43,499	53,211
Operating lease obligations	4,394	3,936
Accrued payroll and benefits	14,585	20,063
Accrued expenses and other liabilities	34,561	35,322
Total current liabilities	97,039	112,532
Long-term debt	67,500	83,670
Long-term operating lease obligations	24,965	21,754
Long-term pension obligations	4,655	5,048
Deferred income taxes	14,729	16,010
Other long-term obligations	5,457	3,249
Total Liabilities	214,345	242,263
Commitments and Contingencies (Note 11)
Shareholders' Equity
Common stock	319,269	316,803
Additional contributed capital	45,097	46,144
Retained earnings	602,232	546,703
Accumulated other comprehensive income (loss)	4,264	(671)
Total shareholders' equity before treasury stock	970,862	908,979
Treasury stock	(444,040)	(402,755)
Total shareholders' equity	526,822	506,224
Total Liabilities and Shareholders' Equity	$ 741,167	$ 748,487

About CTS Corp

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. In addition, the company sells and markets its products through its sales engineers, independent manufacturers' representatives, and distributors. CTS Corporation was founded in 1896 and is headquartered in Lisle, Illinois.

CEO	Mr. Kieran M. O'Sullivan
WEBSITE	ctscorp.com
INDUSTRY	Consumer Electronics
EMPLOYEES	4209

CTS Corp Frequently Asked Questions

What is the ticker symbol for CTS Corp? What does CTS stand for in stocks?

CTS is the stock ticker symbol of CTS Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CTS Corp (CTS)?

As of Wed Apr 17 2024, market cap of CTS Corp is 1.35 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CTS stock?

You can check CTS's fair value in chart for subscribers.

What is the fair value of CTS stock?

You can check CTS's fair value in chart for subscribers. The fair value of CTS Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CTS Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CTS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CTS Corp a good stock to buy?

The fair value guage provides a quick view whether CTS is over valued or under valued. Whether CTS Corp is cheap or expensive depends on the assumptions which impact CTS Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CTS.

What is CTS Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, CTS's PE ratio (Price to Earnings) is 22.32 and Price to Sales (PS) ratio is 2.46. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CTS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on CTS Corp's stock?

In the past 10 years, CTS Corp has provided 0.089 (multiply by 100 for percentage) rate of return.