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Rogers Corp (ROG)
NYSE:ROG
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Rogers
(NYSE:ROG)
Rating:63Neutral
Price Target:
$73.00
▲(2.67%Upside)
Rogers (ROG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.27B
Dividend YieldN/A
Average Volume (3M)147.61K
Price to Earnings (P/E)75.4
Beta (1Y)1.15
Revenue Growth-8.06%
EPS Growth-75.10%
CountryUS
Employees3,200
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.27
Shares Outstanding18,524,866
10 Day Avg. Volume141,838
30 Day Avg. Volume147,608
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)1.91
Price to Sales (P/S)0.00
P/FCF Ratio176.89
Enterprise Value/Market Cap1.75
Enterprise Value/Revenue0.67
Enterprise Value/Gross Profit8.36
Enterprise Value/Ebitda5.51
Forecast
1Y Price Target
$85.00Price Target Upside19.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Rogers Business Overview & Revenue Model
Company DescriptionRogers Corporation (ROG) is a global technology leader that operates in the advanced electronics and materials sector. The company specializes in developing and manufacturing high-performance specialty materials that are critical for a wide range of industries, including telecommunications, automotive, and consumer electronics. Rogers is known for its innovative solutions that enhance the performance and reliability of modern electronic devices and systems.
How the Company Makes MoneyRogers Corporation generates revenue primarily through the sale of its high-performance specialty materials, which are essential components in various electronic applications. The company's key revenue streams include sales of printed circuit board laminates, advanced connectivity solutions, and engineered materials for power electronics. Rogers partners with leading manufacturers and technology companies to ensure its materials are integrated into critical applications, such as 5G wireless infrastructure, electric and hybrid vehicles, and advanced driver-assistance systems. Additionally, the company benefits from its global manufacturing footprint and strong customer relationships, which help drive consistent demand for its products.
Rogers Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: 19.64%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there were notable achievements in securing new design wins and implementing cost-saving measures, these were offset by challenges such as tariff impacts, declining sales in key segments, and decreased gross margins. The company is navigating through uncertainties with a focus on operational efficiencies and strategic customer engagements.Q1-2025 Updates
Positive Updates
New Design Wins in Key Markets
Secured several new design wins in the renewable energy, EV/HEV, and industrial markets with major OEMs in the U.S., Europe, and Asia. These wins highlight Rogers’ reputation for quality and technical support.
Cost Reduction Achievements
Implemented cost-saving measures expected to generate net savings of $25 million in 2025, with annualized savings of $32 million. This includes a $3 million improvement to operating income from consolidating RFS facilities.
Operational Efficiency Improvements
Significant progress in operational efficiency with facility closures and sales, including a $13 million sale of a manufacturing facility in Arizona, and continued R&D alignment for a $2 million cost saving.
Negative Updates
Impact of Tariffs and Foreign Exchange
Sales decreased 1% sequentially due to a $3 million impact from currency fluctuations and tariff uncertainties affecting demand and inventory management.
Decline in EV/HEV and Aerospace Sales
Sales in both the EV/HEV and Aerospace and Defense sectors declined due to softer demand and inventory adjustments, particularly in the U.S. and Europe.
Decreased Gross Margins and Adjusted EPS
Q1 gross margin fell by 220 basis points to 29.9%, and adjusted EPS decreased to $0.27 from $0.46 in Q4, driven by lower gross margins and currency effects.
Company Guidance
In the first quarter of 2025, Rogers Corporation reported sales of $190.5 million, slightly ahead of their guidance midpoint, despite a $3 million impact from foreign exchange rate changes and normal seasonality in portable electronics. The company achieved a gross margin of 29.9% and an adjusted EPS of $0.27. Sales were driven primarily by increased demand in ADAS and industrial markets, while EV/HEV sales saw a decline. Cost-saving measures are expected to yield $25 million in savings for 2025, with annualized savings projected at $32 million. The company anticipates a 4% sales increase in Q2, with a revenue range between $190 million and $205 million, and a gross margin improvement to 31%–33% due to better volume and product mix.Rogers Financial Statement Overview
Summary
Rogers has a stable financial base with strong equity and low debt. However, the company faces challenges with declining revenue, profit margins, and free cash flow, which could impact future growth. Operational efficiencies need improvement to maintain profitability.Income Statement
Rogers' revenue has shown a declining trend from 2022 to the TTM of 2025. Gross profit margins are slightly decreasing, indicating potential cost pressure. The net profit margin has been relatively stable but on a downward trend, reflecting lower profitability. EBIT and EBITDA margins have also declined, suggesting operational challenges in maintaining efficiency.63
Positive
Balance Sheet
The company maintains a strong equity position with a high equity ratio. Debt-to-equity ratio is very low, indicating low financial leverage and minimal risk from debt. ROE has decreased over the years, reflecting less effective use of equity in generating profit, but the company still holds a robust financial structure overall.77
Positive
Cash Flow
Free cash flow has decreased, but the company still maintains positive cash flow from operations. The operating cash flow to net income ratio indicates strong cash generation relative to profit, though a decline in free cash flow growth rate suggests challenges in reinvestment or cash preservation.71
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 807.20M | 830.10M | 908.40M | 971.17M | 932.89M | 802.58M |
| Gross Profit | 265.90M | 277.10M | 307.10M | 321.01M | 349.14M | 291.82M |
| EBITDA | 72.50M | 85.90M | 138.70M | 196.49M | 172.64M | 152.11M |
| Net Income | 16.90M | 26.10M | 56.60M | 116.60M | 108.10M | 49.99M |
Balance Sheet | ||||||
| Total Assets | 1.51B | 1.48B | 1.52B | 1.65B | 1.60B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 175.60M | 159.80M | 131.70M | 235.85M | 232.30M | 191.78M |
| Total Debt | 24.20M | 24.60M | 50.40M | 216.79M | 190.00M | 25.00M |
| Total Liabilities | 240.10M | 229.50M | 258.20M | 473.75M | 479.67M | 243.25M |
| Stockholders Equity | 1.27B | 1.25B | 1.26B | 1.17B | 1.12B | 1.02B |
Cash Flow | ||||||
| Free Cash Flow | 54.40M | 71.00M | 74.40M | 12.67M | 53.24M | 124.67M |
| Operating Cash Flow | 110.70M | 127.10M | 131.40M | 129.46M | 124.36M | 165.06M |
| Investing Cash Flow | -32.30M | -45.60M | -47.90M | -113.12M | -238.62M | -40.38M |
| Financing Cash Flow | -20.20M | -50.10M | -190.30M | -10.10M | 159.06M | -104.19M |
Rogers Technical Analysis
Neutral
71.10
Price Trends
65.64
Positive
70.40
Negative
86.52
Negative
Market Momentum
0.51
Positive
52.20
Neutral
68.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROG, the sentiment is Neutral. The current price of 71.1 is above the 20-day moving average (MA) of 68.36, above the 50-day MA of 65.64, and below the 200-day MA of 86.52, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 52.20 is Neutral, neither overbought nor oversold. The STOCH value of 68.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.13B | 54.25 | 5.02% | ― | 11.65% | ― | |
73 Outperform | $1.29B | 21.90 | 11.39% | 0.38% | -2.76% | 16.64% | |
72 Outperform | $2.05B | 88.71 | 4.16% | ― | -5.61% | -18.63% | |
69 Neutral | $1.40B | 26.79 | 4.84% | 1.75% | -7.36% | -20.46% | |
63 Neutral | $1.27B | 75.40 | 1.34% | ― | -8.06% | -75.10% | |
63 Neutral | $33.22B | 5.73 | -11.55% | 1.90% | 5.54% | -20.14% | |
47 Neutral | $533.05M | ― | -1.29% | 0.68% | 11.47% | 99.25% |
* Technology Sector Average
Performance Comparison
ROG
Rogers
73.35
-46.95
-39.03%
BHE
Benchmark Electronics
40.02
0.87
2.22%
CTS
CTS
44.51
-5.19
-10.44%
MLAB
Mesa Laboratories
100.63
10.69
11.89%
TTMI
TTM Technologies
40.62
20.63
103.20%
VICR
Vicor
45.85
12.50
37.48%
Rogers Corporate Events
Business Operations and StrategyFinancial Disclosures
Rogers Reports Q1 2025 Results Amid Market Challenges
Neutral
Apr 29, 2025
On April 29, 2025, Rogers Corporation announced its first quarter results for 2025, reporting financial outcomes consistent with expectations despite a slight decrease in sales due to unfavorable foreign currency changes and seasonal declines in the portable electronics market. The company saw improved demand in the ADAS and industrial markets and ended the quarter with a strong cash position of $176 million. Despite challenges related to tariffs and global trade uncertainties, Rogers is focused on executing its commercial, innovation, and operational priorities to position itself for future success.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.