Core Molding Technologies (CMT) AI Stock Analysis

• Market Cap: $174.13M
• Dividend Yield: N/A
• Average Volume (3M): 23.63K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.39
• Revenue Growth: -16.59%
• EPS Growth: -47.02%
• Country: US
• Employees: 1,570
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.47
• Shares Outstanding: 8,510,938
• 10 Day Avg. Volume: 32,666
• 30 Day Avg. Volume: 23,632
• PEG Ratio: -1.07
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.63
• P/FCF Ratio: 89.54
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 0.62
• Enterprise Value/Gross Profit: 3.87
• Enterprise Value/Ebitda: 7.28
• 1Y Price Target: $24.00
• Price Target Upside: 17.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.68
• Revenue Forecast (FY): $283.26M

• Rating: 59 Neutral
• Price Target: $19.50 ▼(-4.69% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is driven primarily by mixed fundamentals: a strong, low-leverage balance sheet offsets weaker recent profitability and a pronounced drop in cash generation/FCF. Technicals are a notable headwind with the stock below key moving averages and negative momentum indicators. Valuation is fair at a mid-teens P/E, while the earnings call and new buyback authorization add moderate support via pipeline/growth initiatives and capital return.

Positive Factors

Conservative balance sheet

Low leverage and a meaningful equity base give the company durable financial flexibility. With conservative debt levels, management can fund capex, execute buybacks, and absorb cyclicality in transportation end markets without immediately needing external capital, supporting multi-quarter resilience.

Significant new business pipeline

A sizeable, multi-year pipeline and repeat new wins provide a tangible runway for revenue recovery and scale. Winning programs typically translate into recurring production volumes and tooling revenue over several quarters, underpinning a path toward the firm's >$300M 2027 revenue target.

Capacity expansion and strong execution metrics

Targeted capacity investments plus high delivery and quality metrics support durable competitiveness. Expanding low-pressure injection and topcoat capabilities in Mexico improves cost-position and program qualification speed, helping secure OEM platforms and long-term production contracts.

Negative Factors

Weak cash generation

A sharp drop in FCF and weak cash conversion indicate higher working capital needs or elevated spending that materially constrains internal funding. Persistently thin FCF reduces cushion for reinvestment or shareholder returns and raises reliance on liquidity or debt for growth projects.

Margin compression

Declining net and operating margins signal pressure from cost inflation, mix shifts, or less favorable pricing power. Sustained margin erosion lowers returns on capital, lengthens payback on new program investments, and makes funding growth and shareholder returns more difficult without efficiency gains.

Tighter credit agreement covenants

New covenant definitions and caps restrict capital allocation and increase scrutiny on cash use. Limits on sustaining capex and lease payments can constrain expansion or require prioritizing debt service and covenant compliance over opportunistic investments or larger share repurchases.

Core Molding Technologies Business Overview & Revenue Model

Company Description

Core Molding Technologies, Inc., together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding. It serves various markets, including medium and heavy-duty truck, automobile, power sport, construction, agriculture, building products, and other commercial markets in the United States, Mexico, Canada, and internationally. The company was formerly known as Core Materials Corporation and changed its name to Core Molding Technologies, Inc. in August 2002. Core Molding Technologies, Inc. was incorporated in 1996 and is headquartered in Columbus, Ohio.

How the Company Makes Money

CMT makes money primarily by manufacturing and selling molded composite components and assemblies to OEMs and tier suppliers, with revenue recognized from customer purchase orders and long-term supply arrangements for production parts. Its key revenue streams come from (1) recurring production sales of composite parts used in commercial vehicles, medium/heavy-duty trucks, specialty vehicles, and other transportation applications; and (2) sales to industrial customers for non-automotive applications that require lightweight, durable composite structures. In addition to part sales, CMT can earn revenue from value-added services embedded in its programs—such as design-for-manufacture engineering, prototyping, and tooling/program launch support—typically tied to winning and industrializing customer platforms, though the specific pricing structure and contribution of these items is null. Earnings are influenced by the volume and mix of customer programs, the ability to pass through or manage raw-material and labor costs, manufacturing efficiency/utilization, and customer concentration common in OEM supply businesses. Significant partnerships, if any beyond standard supplier-OEM relationships, are null.

Core Molding Technologies Financial Statement Overview

Summary

Balance sheet strength is a clear positive (low leverage and solid liquidity), but operating performance has softened: margins are down versus prior years and cash conversion deteriorated sharply, leaving very thin free cash flow in the latest TTM.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up ~4.7%, but profitability has stepped down versus prior years: net margin is ~3.1% in TTM vs ~4.4% in 2024 and ~5.7% in 2023, with a similar decline in operating and EBITDA margins. The business has shown it can generate solid profitability in stronger periods (notably 2023), but recent margin compression and the multi-year revenue pullback from the 2022 peak point to a less favorable pricing/mix or cost environment.

Balance Sheet

Leverage looks conservative, with debt-to-equity around ~0.16 in TTM and equity representing a meaningful portion of the capital base. Returns on equity have moderated to ~5.3% in TTM from higher levels in 2023–2024, reflecting the recent earnings softening rather than balance-sheet stress. Overall, the balance sheet provides flexibility, though weaker profitability is reducing return efficiency.

Cash Flow

Cash generation weakened materially in TTM: operating cash flow is ~$19.2M and covers only ~0.50x of net income, and free cash flow fell sharply to ~$1.9M (down ~64% versus the prior period shown). While 2023–2024 featured much stronger free cash flow and healthier conversion, the latest period suggests higher working-capital needs and/or elevated spending, which reduces near-term financial flexibility despite the solid balance sheet.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	273.80M	302.38M	357.74M	377.38M	307.48M
Gross Profit	44.11M	53.26M	64.52M	52.40M	41.34M
EBITDA	23.45M	30.97M	39.67M	28.63M	22.85M
Net Income	11.20M	13.30M	20.32M	12.20M	4.67M
Balance Sheet
Total Assets	228.13M	209.55M	213.38M	198.62M	186.69M
Cash, Cash Equivalents and Short-Term Investments	38.06M	41.80M	24.10M	4.18M	6.15M
Total Debt	32.83M	23.70M	22.99M	26.06M	29.62M
Total Liabilities	69.96M	62.19M	74.42M	82.49M	86.60M
Stockholders Equity	158.17M	147.36M	138.95M	116.13M	100.09M
Cash Flow
Free Cash Flow	1.92M	23.63M	25.74M	2.39M	977.00K
Operating Cash Flow	19.18M	35.15M	34.84M	18.98M	12.55M
Investing Cash Flow	-17.27M	-11.53M	-9.10M	-16.59M	-11.41M
Financing Cash Flow	-5.66M	-5.93M	-5.82M	-4.36M	884.00K

Core Molding Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMT, the sentiment is Positive. The current price of 20.46 is above the 20-day moving average (MA) of 19.25, above the 50-day MA of 19.33, and above the 200-day MA of 18.73, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 65.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMT.

Core Molding Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FSI	61 Neutral	$70.69M	-60.48	4.98%	―	0.18%	-54.25%
ALTO	60 Neutral	$364.05M	16.09	6.00%	―	-8.00%	-35.86%
CMT	59 Neutral	$174.13M	15.33	5.33%	―	-16.59%	-47.02%
NTIC	57 Neutral	$78.21M	73.75	0.02%	1.33%	-0.97%	-99.67%
LOOP	56 Neutral	$62.84M	-4.53	71.64%	―	11013.00%	39.85%

Core Molding Technologies Corporate Events

Core Molding Technologies Authorizes Expanded Share Repurchase Program

On March 11, 2026, Core Molding Technologies, Inc. announced that its board authorized a stock repurchase program of up to $7.5 million of the company’s outstanding common shares, to be executed in the open market in accordance with securities laws. The buyback, which can be suspended or terminated at any time and does not obligate the company to repurchase a specific amount, was framed by incoming CEO Eric Palomaki as a reflection of Core Molding’s strong financial position, long-term growth outlook and focus on enhancing shareholder value.

The expanded authorization, which replaces and increases the remaining capacity under the prior program, signals management’s confidence in the business amid demand that is sensitive to economic conditions in the U.S., Mexico and Canada. For investors, the move could support earnings per share and share price over time, while underscoring Core Molding’s intent to deploy capital in ways that balance growth initiatives with direct returns to shareholders.

The most recent analyst rating on (CMT) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Core Molding Technologies stock, see the CMT Stock Forecast page.

Core Molding Technologies Amends Credit Agreement, Tightens Covenants

On February 10, 2026, Core Molding Technologies, Inc. executed a First Amendment to its existing Credit Agreement with The Huntington National Bank and other lenders, with the amendment deemed effective as of December 31, 2025. The change updates key covenant definitions and calculations without refinancing or repaying the current secured obligations.

The amendment introduces a new “Sustaining Capital Expenditures” definition with a $10 million aggregate cap, revises the Fixed Charge Coverage Ratio calculation to deduct sustaining capex, capital distributions, and cash income taxes from Consolidated EBITDA, and limits aggregate operating lease rental payments to $5 million per fiscal year. These changes tighten capital and lease spending parameters and may influence how the company allocates cash between maintenance investment, distributions, and debt service, while preserving its existing lending framework.

The most recent analyst rating on (CMT) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Core Molding Technologies stock, see the CMT Stock Forecast page.