Rogers (ROG) AI Stock Analysis

• Market Cap: $1.13B
• Dividend Yield: N/A
• Average Volume (3M): 248.68K
• Price to Earnings (P/E): 43.5
• Beta (1Y): 1.19
• Revenue Growth: -8.62%
• EPS Growth: -53.84%
• Country: US
• Employees: 3,200
• Sector: Technology
• Sector Strength: 40
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.40
• Shares Outstanding: 18,518,923
• 10 Day Avg. Volume: 298,032
• 30 Day Avg. Volume: 248,684
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.61
• Price to Cash Flow (P/CF): 9.90
• P/FCF Ratio: 9.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $85.00
• Price Target Upside: 35.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Rogers Corporation's overall stock score reflects its mixed financial performance, with a strong balance sheet but declining revenues and margins posing risks. Technical analysis indicates bearish momentum, and the valuation suggests potential overvaluation. The earnings call highlighted both cost management successes and challenges in revenue and market conditions.

Rogers Business Overview & Revenue Model

Company Description

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the ENDUR and NITROPHYL names. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona.

How the Company Makes Money

Rogers 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.

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.

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.

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

• Technical Analysis Sentiment: Negative
• Last Price: 62.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 62.86 is below the 20-day moving average (MA) of 71.10, below the 50-day MA of 80.33, and below the 200-day MA of 100.74, indicating a bearish trend. The MACD of -4.26 indicates Positive momentum. The RSI at 27.18 is Positive, neither overbought nor oversold. The STOCH value of 9.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ROG.

Rogers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QCOM	76 Outperform	$140.97B	13.62	41.96%	2.67%	12.13%	36.17%
AVGO	75 Outperform	$687.85B	70.56	14.85%	1.53%	40.30%	-22.79%
ADI	71 Outperform	$81.64B	52.49	4.43%	2.28%	-19.28%	-44.00%
MCHP	68 Neutral	$19.48B	63.87	4.71%	5.01%	-44.31%	-86.74%
TXN	65 Neutral	$137.75B	29.14	28.25%	3.51%	-10.72%	-26.60%
ROG	58 Neutral	$1.13B	43.48	2.08%	―	-8.62%	-53.84%
Sector *	57 Neutral	$18.52B	9.81	-13.96%	2.71%	5.07%	-23.65%

Rogers Corporate Events

Rogers Reports 2024 Financial Results Amid Sales Decline

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.