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Rogers Corp (ROG)
NYSE:ROG
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Rogers
(NYSE:ROG)58Neutral
Rogers (ROG) vs. S&P 500 (SPY)
Market Cap
$1.43B
Dividend YieldN/A
Average Volume (3M)169.38K
Price to Earnings (P/E)54.9
Beta (1Y)1.25
Revenue Growth-8.62%
EPS Growth-53.84%
CountryUS
Employees3,300
SectorTechnology
Sector Strength48
IndustryHardware & Equipment
Share Statistics
EPS (TTM)1.40
Shares Outstanding18,518,095
10 Day Avg. Volume203,957
30 Day Avg. Volume169,380
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.72
Price to Cash Flow (P/CF)10.60
P/FCF Ratio10.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Rogers Business Overview & Revenue Model
Company DescriptionRogers Corporation (ROG) is a global leader in engineered materials and components, focusing on developing high-performance products for various industries including aerospace, automotive, telecommunications, and consumer electronics. The company's core offerings include advanced circuit materials, high-frequency laminates, and elastomeric materials, which are integral to the production of high-tech devices and systems.
How the Company Makes MoneyRogers Corporation generates revenue primarily through the sale of its advanced materials and components to manufacturers and technology companies across multiple sectors. Key revenue streams include the production and sale of printed circuit board laminates used in telecommunications infrastructure, elastomeric products for automotive applications, and specialty materials for consumer electronics. The company leverages its expertise in materials science to innovate and produce high-performance products that meet the specific needs of its clients. Revenue is further supported by strategic partnerships and long-term contracts with major industry players, ensuring a steady demand for its specialized materials.
Rogers Financial Statement Overview
Summary
Rogers shows mixed financial performance. The income statement reflects declining revenues and reduced margins, indicating challenges in profitability. However, the balance sheet is strong with low leverage, and the cash flow statement is positive with strong operational cash generation, despite variability in free cash flow.Income Statement
Rogers has demonstrated mixed performance in its income statement. While there is a concerning decline in total revenue over the last couple of years, with a decrease from $971.17 million in 2022 to $830.1 million in 2024, the company has managed to maintain positive net income. Gross profit margin has slightly fallen from previous highs, suggesting some pressure on cost management. The net profit margin has been volatile, reaching 3.14% in 2024. EBIT margin has shown significant decline, indicating reduced operating efficiency.65
Positive
Balance Sheet
Rogers exhibits a strong balance sheet with a substantial equity base, evidenced by a debt-to-equity ratio of 0.02 in 2024. The company's equity ratio remains robust at about 84.5%, indicating financial stability and low reliance on debt. Return on equity has decreased, reflecting challenges in generating returns from equity. Overall, the balance sheet suggests strong financial health but with room for improvement in asset utilization.75
Positive
Cash Flow
The cash flow statement reveals a healthy operating cash flow consistently exceeding net income, which is a positive indicator. Free cash flow has fluctuated but showed strong growth in 2024. The operating cash flow to net income ratio remains solid, indicating efficient cash generation from operations. However, the high variability in free cash flow growth suggests some instability in capital expenditures and cash management.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 830.10M | 908.40M | 971.17M | 932.89M | 802.58M | Gross Profit |
| 277.10M | 307.10M | 321.01M | 349.14M | 291.82M | EBIT |
| 24.90M | 85.30M | 144.43M | 89.10M | 17.23M | EBITDA |
| 85.30M | 138.70M | 196.49M | 172.64M | 152.11M | Net Income Common Stockholders |
| 26.10M | 56.60M | 116.60M | 108.10M | 49.99M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 159.80M | 131.70M | 235.85M | 232.30M | 191.78M | Total Assets |
| 1.48B | 1.52B | 1.65B | 1.60B | 1.26B | Total Debt |
| 24.60M | 50.40M | 216.79M | 190.00M | 25.00M | Net Debt |
| -135.20M | -81.30M | -19.06M | -42.30M | -166.78M | Total Liabilities |
| 229.50M | 258.20M | 473.75M | 479.67M | 243.25M | Stockholders Equity |
| 1.25B | 1.26B | 1.17B | 1.12B | 1.02B |
| Cash Flow | Free Cash Flow | |||
| 71.00M | 74.40M | 12.67M | 53.24M | 124.67M | Operating Cash Flow |
| 127.10M | 131.40M | 129.46M | 124.36M | 165.06M | Investing Cash Flow |
| -45.60M | -47.90M | -113.12M | -238.62M | -40.38M | Financing Cash Flow |
| -50.10M | -190.30M | -10.10M | 159.06M | -104.19M |
Rogers Technical Analysis
Negative
76.88
Price Trends
92.08
Negative
98.19
Negative
105.70
Negative
Market Momentum
-4.59
Positive
28.63
Positive
31.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROG, the sentiment is Negative. The current price of 76.88 is below the 20-day moving average (MA) of 84.27, below the 50-day MA of 92.08, and below the 200-day MA of 105.70, indicating a bearish trend. The MACD of -4.59 indicates Positive momentum. The RSI at 28.63 is Positive, neither overbought nor oversold. The STOCH value of 31.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ROG.
Rogers Risk Analysis
Rogers disclosed 23 risk factors in its most recent earnings report. Rogers 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
Rogers Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $175.29B | 16.94 | 41.96% | 2.15% | 12.13% | 36.17% | |
74 Outperform | $110.49B | 71.04 | 4.43% | 1.65% | -19.28% | -44.00% | |
74 Outperform | $900.80B | 155.28 | 14.85% | 1.21% | 43.99% | -62.55% | |
71 Outperform | $172.28B | 36.44 | 28.25% | 2.81% | -10.72% | -26.60% | |
68 Neutral | $32.08B | 105.17 | 4.71% | 3.12% | -44.31% | -86.74% | |
59 Neutral | $22.39B | 11.53 | -18.05% | 2.31% | 5.00% | -25.89% | |
58 Neutral | $1.43B | 54.88 | 2.08% | ― | -8.62% | -53.84% |
* Technology Sector Average
Performance Comparison
ROG
Rogers
76.88
-40.87
-34.71%
ADI
Analog Devices
225.86
30.89
15.84%
AVGO
Broadcom
194.96
67.37
52.80%
MCHP
Microchip
59.77
-28.60
-32.36%
QCOM
Qualcomm
161.22
-6.54
-3.90%
TXN
Texas Instruments
190.52
21.07
12.43%
Rogers Earnings Call Summary
Earnings Call Date: Feb 19, 2025 | % Change Since: -14.46% | Next Earnings Date: Apr 24, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a balanced sentiment with both positive and negative aspects. While Rogers Corporation effectively managed costs and maintained a strong balance sheet, challenges persist in the form of declining revenues, pressure on gross margins, and uncertainties in key markets like EV/HEV.Highlights
Cost Management Success
In 2024, Rogers Corporation achieved significant cost reductions through operational excellence initiatives, resulting in a 6% decrease in manufacturing spend and robust free cash flow conversion of $71 million.
Aerospace and Defense Growth
The Aerospace and Defense segment delivered solid growth for a second consecutive quarter, with full-year sales growing at a double-digit rate led by the Radio Frequency Solutions business.
Strong Balance Sheet
Rogers Corporation maintains a strong financial position with $160 million in cash and no debt, allowing for continued investment in organic growth and strategic acquisitions.
Local-for-Local Manufacturing Strategy
Progress in local-for-local manufacturing, including a new curamik power substrate facility and a BISCO silicone line in China, is expected to support near and long-term growth objectives.
Lowlights
Decline in Revenue
Fourth quarter 2024 revenues of $192 million declined 9% from the prior quarter, with full-year sales down 9% due to weakness in industrial and EV/HEV markets.
Gross Margin Pressure
Gross margin decreased to 32.1% in Q4 from 33.4% for the full year, largely due to lower volumes and unfavorable product mix.
Challenges in EV/HEV Markets
Significant deceleration in EV/HEV production, especially in Europe, led to major inventory destocking and a significant drop in curamik power substrate sales.
Uncertain Market Recovery
Persistent inventory challenges and trade policy uncertainties contribute to a cautious sales outlook for the first half of 2025, with expectations of flat sales in Q1.
Company Guidance
During the Rogers Corporation Fourth Quarter 2024 Earnings Conference Call, the company provided guidance and insights into their financial performance and strategic initiatives. Fourth quarter revenues were $192 million, a 9% decline from the previous quarter, with a gross margin of 32.1%, down 300 basis points from Q3. For the full year, sales reached $830 million, a 9% decrease from 2023, primarily due to challenges in the industrial and EV/HEV markets. The company expects a flat sales outlook for Q1 2025 and anticipates a gradual recovery in the second half of the year, driven by improvements in the EV/HEV and power industrial markets. Operational excellence initiatives resulted in robust free cash flow conversion, with $71 million generated in 2024. The company is positioned for market recovery with strategic investments, including new manufacturing capabilities in China, and expects these will begin contributing significantly in the second half of 2025. First quarter 2025 sales are projected to be between $180 million and $195 million, with gross margins anticipated between 29% and 30.5%.Rogers Corporate Events
Business Operations and StrategyFinancial Disclosures
Rogers Reports 2024 Financial Results Amid Sales Decline
Negative
Feb 19, 2025
On February 19, 2025, Rogers Corporation announced its financial results for the fourth quarter and full year 2024. The company reported a decline in sales due to seasonally lower portable electronics sales and decreased revenues in wireless infrastructure and industrial markets. Despite these challenges, Rogers managed to maintain solid cash flow through cost-saving measures and effective capital management. The company remains focused on securing new design wins and maintaining a strong balance sheet, with expectations of improved performance as market conditions recover.
Executive/Board Changes
Rogers Appoints Woon Keat Moh to Board
Positive
Dec 18, 2024
Rogers Corporation announced the election of Woon Keat Moh as an independent member of its Board of Directors, effective January 1, 2025, expanding the Board to nine members. Moh brings nearly 30 years of experience in the specialty and engineered materials industry, having held senior leadership roles at Avient Corporation. His appointment is expected to strengthen Rogers’ Board and contribute to its strategic goals, enhancing shareholder value.
Executive/Board Changes
Rogers Promotes Laura Russell to Senior CFO Role
Positive
Dec 10, 2024
Rogers Corporation announced the promotion of Laura Russell to Senior Vice President, Chief Financial Officer, and Treasurer, effective December 10, 2024. Russell, who joined Rogers in September 2023, has already made significant contributions as interim CFO since August and is expected to enhance the company’s strategic objectives with her extensive financial expertise.
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.