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Cooper-Standard Holdings (CPS)
NYSE:CPS
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Cooper-Standard Holdings
(NYSE:CPS)
41Neutral
Cooper-Standard Holdings (CPS) vs. S&P 500 (SPY)
Market Cap
$217.07M
Dividend YieldN/A
Average Volume (3M)360.44K
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue Growth-3.02%
EPS Growth61.50%
CountryUS
Employees19,500
SectorConsumer Cyclical
Sector Strength63
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.16
Shares Outstanding17,548,147
10 Day Avg. Volume515,305
30 Day Avg. Volume360,435
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.11
Price to Cash Flow (P/CF)1.00
P/FCF Ratio0.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.00Price Target Upside-15.37% Downside
Rating ConsensusHold
Number of Analyst Covering1
Cooper-Standard Holdings Business Overview & Revenue Model
Company DescriptionCooper-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.
How the Company Makes MoneyCooper-Standard Holdings generates revenue primarily through the manufacturing and sale of its automotive components and systems to major original equipment manufacturers (OEMs) in the automotive industry. The company's key revenue streams include sales of its sealing systems, fuel and brake delivery systems, fluid transfer systems, and anti-vibration systems. Additionally, Cooper-Standard may engage in strategic partnerships and collaborations with automotive manufacturers to co-develop new technologies and products, which can also contribute to its earnings. The company's financial performance is influenced by factors such as automotive production volumes, technological advancements, and its ability to maintain competitive pricing and high-quality standards.
Cooper-Standard Holdings Financial Statement Overview
Summary
Cooper-Standard Holdings shows potential with recent revenue growth, but financial instability is evident from high leverage and inconsistent profitability. The negative equity and cash flow volatility highlight the need for strategic financial management to enhance stability and long-term viability.Income Statement
The revenue growth for TTM shows a significant increase compared to the previous year, indicating strong expansion. However, the net income has fluctuated with recent negative figures, impacting the net profit margin. Despite improvements, the company struggles with consistent profitability, as shown by varying EBIT margins.42
Neutral
Balance Sheet
The balance sheet reflects high leverage with a negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is unfavorable due to substantial liabilities exceeding assets, posing a risk to financial health. Equity ratio is negative, highlighting a critical need for capital restructuring.28
Negative
Cash Flow
Cash flow analysis reveals inconsistent free cash flow growth, with recent negative trends. The operating cash flow to net income ratio indicates operational challenges, impacting liquidity. Despite occasional free cash flow, the company faces difficulties sustaining positive cash flow.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.73B | 2.82B | 2.53B | 2.33B | 2.38B | Gross Profit |
| 302.92M | 290.78M | 129.79M | 87.23M | 147.55M | EBIT |
| 69.82M | 46.03M | -105.00M | -209.09M | -268.69M | EBITDA |
| 69.82M | 45.63M | 490.00K | -77.93M | -116.83M | Net Income Common Stockholders |
| -78.75M | -201.99M | -215.38M | -322.83M | -267.61M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 170.03M | 154.80M | 186.88M | 248.01M | 438.44M | Total Assets |
| 1.73B | 1.87B | 1.96B | 2.23B | 2.61B | Total Debt |
| 1.15B | 1.19B | 1.13B | 1.15B | 1.14B | Net Debt |
| 978.57M | 1.04B | 947.71M | 904.02M | 697.28M | Total Liabilities |
| 1.87B | 1.96B | 1.86B | 1.90B | 1.99B | Stockholders Equity |
| -125.77M | -81.30M | 107.71M | 324.88M | 607.11M |
| Cash Flow | Free Cash Flow | |||
| 25.87M | 36.53M | -107.30M | -211.62M | -107.73M | Operating Cash Flow |
| 76.37M | 117.28M | -36.15M | -115.51M | -15.93M | Investing Cash Flow |
| -45.12M | -64.97M | -17.89M | -91.26M | -106.88M | Financing Cash Flow |
| -9.64M | -81.14M | -4.27M | 3.21M | 207.72M |
Cooper-Standard Holdings Technical Analysis
Positive
14.18
Price Trends
14.24
Negative
14.48
Negative
14.30
Negative
Market Momentum
-0.45
Negative
54.62
Neutral
83.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPS, the sentiment is Positive. The current price of 14.18 is above the 20-day moving average (MA) of 13.16, below the 50-day MA of 14.24, and below the 200-day MA of 14.30, indicating a neutral trend. The MACD of -0.45 indicates Negative momentum. The RSI at 54.62 is Neutral, neither overbought nor oversold. The STOCH value of 83.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CPS.
Cooper-Standard Holdings Risk Analysis
Cooper-Standard Holdings disclosed 37 risk factors in its most recent earnings report. Cooper-Standard Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cooper-Standard Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $7.60B | 10.69 | 50.69% | 1.10% | 6.26% | 12.62% | |
69 Neutral | $4.52B | 9.52 | 10.81% | 3.64% | -0.70% | -7.27% | |
65 Neutral | $5.75B | 17.42 | 6.46% | 1.56% | -11.11% | -46.32% | |
62 Neutral | $1.06B | 800.64 | -0.10% | ― | -5.42% | -99.08% | |
60 Neutral | $6.86B | 11.61 | 3.16% | 4.15% | 2.41% | -21.45% | |
59 Neutral | $1.90B | ― | -3.92% | 3.06% | -2.57% | -248.28% | |
41 Neutral | $217.07M | ― | 112.26% | ― | -3.02% | 61.50% |
* Consumer Cyclical Sector Average
Performance Comparison
CPS
Cooper-Standard Holdings
14.18
-1.61
-10.20%
ALSN
Allison Transmission Holdings
91.79
16.55
22.00%
BWA
BorgWarner
28.27
-5.02
-15.08%
DAN
Dana Holding
13.06
0.87
7.14%
LEA
Lear
84.50
-48.84
-36.63%
ADNT
Adient
12.57
-18.18
-59.12%
Cooper-Standard Holdings Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: -4.77% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of strong operational achievements, particularly in safety and cost efficiency, but was offset by declines in sales and foreign exchange impacts. The company showed significant improvement in operating income and cash flow, maintaining a strong liquidity position. Innovations and awards also highlighted positive aspects, though challenges in sales and foreign exchange presented notable concerns.Highlights
Improved Safety and Operational Excellence
Achieved a safety incident rate of 0.30 per 200,000 hours worked, surpassing previous bests and well below the world-class benchmark. 22 plants completed the year with a perfect safety record.
Operational and Cost Efficiency Gains
Generated $76 million in cost savings from efficiency improvements and supply chain initiatives. Realized $24 million in savings from job reduction actions.
Significant Improvement in Operating Income
Achieved a 52% improvement in operating income for the year despite headwinds from lower production volumes, inflation, and unfavorable foreign exchange.
Recognition for Product Quality and Innovation
Received numerous awards for product quality and customer service. Innovations include FlexiCore Thermoplastic Body Seal technology and Fluids Manifold, contributing to efficiency and sustainability.
Positive Cash Flow and Strong Liquidity
Ended the year with a free cash flow of $63.2 million in the fourth quarter and $25.9 million for the full year. Total liquidity at nearly $340 million.
Lowlights
Decline in Sales
Fourth quarter 2024 sales totaled $660.8 million, a decrease of 1.9% versus the fourth quarter of 2023 due to weaker than expected production volume and unfavorable foreign exchange.
Adjusted Net Loss
Recorded an adjusted net loss of $2.9 million for the fourth quarter of 2024, though this was an improvement of over $28 million compared to the previous year.
Impact of Foreign Exchange
Experienced a $43 million headwind in higher costs due to unfavorable foreign exchange for the full year.
Company Guidance
During the Cooper-Standard Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided guidance for fiscal 2025, emphasizing expectations for increased profitability and further margin expansion despite flat or slightly lower sales. Key metrics shared included a 52% improvement in operating income for 2024 and a solid adjusted EBITDA margin improvement to 8.2% for Q4 2024. Cooper-Standard anticipates achieving double-digit EBITDA margins by exiting 2025. The company also highlighted generating $76 million in cost savings from efficiency improvements and $24 million from job reductions, contributing to positive free cash flow of $25.9 million for 2024. Cooper-Standard expects continued positive free cash flow in 2025 and plans to leverage operational improvements and higher-margin business launches to drive growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.