A Business at a Glance
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CTS CORP
CTS
$1.8B
Mkt Cap
$59.99
-1.53%
CTS CORP (CTS) has a current P/E ratio of 27.4, compared to its historical median P/E of 22.7. The stock is currently considered Fair based on its historical valuation range.
CTS CORP (CTS) has a 5-year average return on invested capital (ROIC) of 12.7%. This indicates solid capital allocation.
CTS CORP (CTS) has a market capitalization of $1.7B. It is classified as a small-cap stock.
Yes, CTS CORP (CTS) pays a dividend with a trailing twelve-month yield of 0.27%. The company also returns capital through share buybacks, with a buyback yield of 3.39%.
Based on historical P/E analysis, CTS CORP (CTS) appears fair. The current P/E of 27.4 is 20% above its historical median of 22.7. The estimated fair value CAGR (P/E method) is 14.1%.
CTS CORP (CTS) operates in the Printed Circuit Boards industry, within the Technology sector.
CTS CORP (CTS) reported annual revenue of $541 million in its most recent fiscal year, based on SEC EDGAR filings.
CTS Corporation ("CTS", "we", "our", "us" or the "Company") is a global manufacturer of sensors, connectivity components, and actuators. CTS was established in 1896 as a provider of high-quality telephone products and was incorporated as an Indiana corporation in February 1929. Our principal executive offices are located in Lisle, Illinois. We design, manufacture, and sell a broad line of sensors, connectivity components, and actuators primarily to original equipment manufacturers ("OEMs"), tier one suppliers for the aerospace and defense, industrial, medical, and transportation markets, and the U.S. Government. Our vision is to be a leading provider of sensing and motion devices as well as connectivity components, enabling an intelligent and seamless world. These devices are categorized by their ability to Sense, Connect or Move. Sense products provide vital inputs to electronic systems. Connect products allow systems to function in synchronization with other systems.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 555M | 541M | 515M | 550M | 587M | 513M |
| Net Income | 69M | 65M | 55M | 61M | 60M | -42M |
| EPS | $2.38 | $2.19 | $1.81 | $1.92 | $1.85 | $-1.30 |
| Free Cash Flow | 88M | 86M | 80M | 74M | 107M | 71M |
| ROIC | 11.5% | 10.5% | 10.1% | 11.6% | 14.2% | 17.2% |
| Gross Margin | 39.0% | 38.4% | 36.4% | 34.7% | 35.9% | 36.0% |
| Debt/Equity | 0.22 | 0.25 | 0.40 | 0.31 | 0.38 | 0.27 |
| Dividends/Share | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 |
| Operating Income | 88M | 83M | 71M | 75M | 93M | 76M |
| Operating Margin | 15.9% | 15.3% | 13.8% | 13.6% | 15.8% | 14.9% |
| ROE | 12.4% | 12.1% | 10.5% | 11.7% | 12.3% | -9.4% |
| Shares Outstanding | 29M | 30M | 31M | 32M | 32M | 32M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 404M | 382M | 397M | 423M | 470M | 469M | 424M | 513M | 587M | 550M | 515M | 541M | 555M |
| Gross Margin | 32.2% | 33.2% | 35.4% | 33.2% | 35.1% | 33.6% | 32.8% | 36.0% | 35.9% | 34.7% | 36.4% | 38.4% | 39.0% |
| R&D | 23M | 22M | 24M | 25M | 25M | 26M | 24M | 24M | 24M | 25M | 23M | 25M | 26M |
| SG&A | 59M | 60M | 62M | 72M | 74M | 70M | 68M | 83M | 92M | 84M | 88M | 99M | 101M |
| EBIT | 42M | 18M | 63M | 38M | 61M | 54M | 45M | 76M | 93M | 75M | 71M | 83M | 88M |
| Op. Margin | 10.5% | 4.7% | 15.9% | 9.1% | 13.0% | 11.5% | 10.6% | 14.9% | 15.8% | 13.6% | 13.8% | 15.3% | 15.9% |
| Net Income | 27M | 7.0M | 34M | 14M | 47M | 36M | 35M | -42M | 60M | 61M | 55M | 65M | 69M |
| Net Margin | 6.6% | 1.8% | 8.7% | 3.4% | 9.9% | 7.7% | 8.2% | -8.2% | 10.2% | 11.0% | 10.8% | 12.1% | 12.5% |
| Non-Recurring | 7.9M | 17M | 14M | 3.4M | 5.1M | 7.5M | 1.3M | 0 | 0 | 1.5M | 4.7M | 0 | -65K |
| Returns on Capital | |||||||||||||
| ROIC | 16.7% | 18.6% | 12.5% | 6.0% | 12.9% | 8.5% | 7.1% | 17.2% | 14.2% | 11.6% | 10.1% | 10.5% | 11.5% |
| ROE | 9.2% | 2.5% | 11.5% | 4.4% | 12.9% | 9.2% | 8.4% | -9.4% | 12.3% | 11.7% | 10.5% | 12.1% | 12.4% |
| ROA | 5.8% | 1.4% | 6.9% | 2.7% | 8.6% | 6.1% | 5.5% | -6.5% | 8.4% | 8.1% | 7.4% | 8.5% | 8.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 32M | 39M | 47M | 58M | 58M | 64M | 77M | 86M | 121M | 89M | 98M | 102M | 104M |
| Free Cash Flow | 19M | 29M | 27M | 40M | 30M | 43M | 62M | 71M | 107M | 74M | 80M | 86M | 88M |
| Owner Earnings | 15M | 22M | 26M | 36M | 34M | 37M | 48M | 58M | 90M | 57M | 64M | 65M | 67M |
| CapEx | 13M | 9.7M | 21M | 18M | 28M | 22M | 15M | 16M | 14M | 15M | 19M | 16M | 16M |
| Maint. CapEx | 17M | 16M | 19M | 21M | 23M | 25M | 27M | 27M | 30M | 29M | 31M | 35M | 35M |
| Growth CapEx | 0 | 0 | 1.5M | 0 | 6.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 17M | 16M | 19M | 21M | 23M | 25M | 27M | 27M | 30M | 29M | 31M | 35M | 35M |
| CapEx/OCF | 39.9% | 24.8% | 43.4% | 31.2% | 49.0% | 33.7% | 19.4% | 18.2% | 11.8% | 16.6% | 19.0% | 15.4% | 15.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.4M | 5.3M | 5.2M | 5.3M | 5.3M | 5.2M | 5.2M | 5.2M | 5.1M | 5.0M | 4.9M | 4.8M | 4.7M |
| Dividend Yield | 0.9% | 0.9% | 0.9% | 0.7% | 0.5% | 0.6% | 0.7% | 0.5% | 0.4% | 0.4% | 0.3% | 0.4% | 0.3% |
| Share Buybacks | 8.0M | 18M | 0 | 0 | 9.4M | 12M | 8.1M | 8.8M | 21M | 41M | 43M | 56M | 58M |
| Buyback Yield | 1.4% | 3.2% | N/A | N/A | 1.1% | 1.2% | 0.7% | 0.7% | 1.7% | 3.0% | 2.6% | 4.2% | 3.4% |
| Stock-Based Comp | 297K | 527K | 1.8M | 1.6M | 1.5M | 2.7M | 1.9M | 1.5M | 1.5M | 3.3M | 3.1M | 2.7M | 1.8M |
| Debt Repayment | 1.0B | 1.3B | 2.5B | 1.5B | 1.1B | 1.9B | 3.8B | 809M | 723M | 775M | 891M | 1.1B | 1.1B |
| Balance Sheet | |||||||||||||
| Net Debt | -119M | -223M | 64M | 39M | -933K | 127M | 44M | -17M | 36M | 483K | 116M | 55M | 37M |
| Cash & Equiv. | 135M | 157M | 114M | 114M | 101M | 100M | 92M | 141M | 157M | 164M | 94M | 82M | 88M |
| Long-Term Debt | 75M | 91M | 89M | 76M | 50M | 100M | 55M | 50M | 84M | 68M | 92M | 58M | 63M |
| Debt/Equity | 0.52 | 0.32 | 0.56 | 0.44 | 0.26 | 0.56 | 0.32 | 0.27 | 0.38 | 0.31 | 0.40 | 0.25 | 0.22 |
| Interest Coverage | 18.2 | 6.9 | 17.1 | 11.5 | 29.3 | 20.3 | 13.8 | 36.2 | 42.4 | 22.5 | 16.8 | 19.2 | 22.9 |
| Equity | 290M | 282M | 318M | 344M | 378M | 405M | 424M | 464M | 506M | 527M | 528M | 552M | 557M |
| Total Assets | 457M | 483M | 518M | 540M | 548M | 643M | 626M | 664M | 748M | 741M | 765M | 764M | 777M |
| Total Liabilities | 167M | 202M | 200M | 196M | 170M | 238M | 202M | 201M | 242M | 214M | 237M | 213M | 220M |
| Intangibles | 37M | 35M | 64M | 67M | 60M | 85M | 79M | 70M | 108M | 104M | 164M | 154M | 149M |
| Retained Earnings | 380M | 382M | 411M | 420M | 479M | 510M | 539M | 492M | 547M | 602M | 653M | 713M | 730M |
| Working Capital | 160M | 151M | 118M | 131M | 135M | 141M | 128M | 175M | 213M | 222M | 144M | 143M | 161M |
| Current Assets | 240M | 246M | 216M | 234M | 239M | 237M | 233M | 289M | 326M | 319M | 242M | 253M | 266M |
| Current Liabilities | 80M | 95M | 98M | 102M | 104M | 97M | 105M | 114M | 113M | 97M | 98M | 110M | 105M |
| Per Share Data | |||||||||||||
| EPS | 0.78 | 0.21 | 1.03 | 0.43 | 1.39 | 1.09 | 1.06 | -1.30 | 1.85 | 1.92 | 1.81 | 2.19 | 2.38 |
| Owner EPS | 0.45 | 0.68 | 0.79 | 1.06 | 1.02 | 1.12 | 1.47 | 1.79 | 2.79 | 1.80 | 2.09 | 2.17 | 2.35 |
| Book Value | 8.52 | 8.51 | 9.52 | 10.23 | 11.29 | 12.22 | 12.95 | 14.39 | 15.72 | 16.71 | 17.23 | 18.50 | 19.48 |
| Cash Flow/Share | 0.95 | 1.18 | 1.41 | 1.73 | 1.74 | 1.94 | 2.35 | 2.67 | 3.76 | 2.82 | 3.21 | 3.42 | 3.63 |
| Dividends/Share | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Shares Out. | 34.0M | 33.1M | 33.4M | 33.6M | 33.5M | 33.2M | 32.7M | 32.2M | 32.2M | 31.5M | 30.6M | 29.8M | 28.6M |
| Valuation | |||||||||||||
| P/E Ratio | 22.0 | 82.3 | 21.2 | 59.3 | 18.0 | 26.4 | 32.2 | N/A | 20.7 | 22.7 | 29.2 | 20.3 | 25.2 |
| P/FCF | 30.0 | 19.5 | 27.3 | 21.4 | 28.2 | 22.4 | 18.0 | 16.7 | 11.6 | 18.6 | 20.4 | 15.3 | 19.6 |
| EV/EBIT | 11.0 | 19.3 | 9.4 | 20.3 | 12.0 | 17.7 | 23.1 | 13.0 | 11.7 | 15.8 | 22.7 | 15.4 | 19.9 |
| Price/Book | 2.0 | 2.0 | 2.3 | 2.5 | 2.2 | 2.4 | 2.6 | 2.5 | 2.4 | 2.6 | 3.1 | 2.4 | 3.1 |
| Price/Sales | 1.4 | 1.5 | 1.4 | 1.8 | 2.1 | 2.0 | 1.9 | 2.1 | 2.1 | 2.4 | 2.9 | 2.3 | 3.1 |
| FCF Yield | 3.3% | 5.1% | 3.7% | 4.7% | 3.5% | 4.5% | 5.5% | 6.0% | 8.7% | 5.4% | 4.9% | 6.5% | 5.1% |
| Market Cap | 585M | 572M | 730M | 856M | 836M | 955M | 1.1B | 1.2B | 1.2B | 1.4B | 1.6B | 1.3B | 1.7B |
| Avg. Price | 17.18 | 17.20 | 17.03 | 22.07 | 29.72 | 28.34 | 24.13 | 33.53 | 37.62 | 42.55 | 48.28 | 42.57 | 59.99 |
| Year-End Price | 17.19 | 17.29 | 21.87 | 25.49 | 24.97 | 28.79 | 34.15 | 36.58 | 38.33 | 43.66 | 52.92 | 44.45 | 59.99 |
CTS CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
CTS CORP trades at 27.4x trailing earnings, compared to its 15-year median P/E of 22.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.9x vs a median of 19.5x. The company's 5-year average ROIC is 12.7% with a gross margin of 36.3%. Total shareholder yield (dividends + buybacks) is 3.7%. At current prices, the estimated annualized return to fair value is +15.1%.
CTS CORP (CTS) has a net profit margin of 12.1%. This is a healthy margin.
CTS CORP (CTS) generated $86 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CTS CORP (CTS) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
CTS CORP (CTS) reported earnings per share (EPS) of $2.19 in its most recent fiscal year.
CTS CORP (CTS) has a return on equity (ROE) of 12.1%. This indicates moderate shareholder returns.
CTS CORP (CTS) has a 5-year average gross margin of 36.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for CTS CORP (CTS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CTS CORP (CTS) has a book value per share of $18.50, based on its most recent annual SEC filing.
No recent press releases.