Cts Corporation Stock Intrinsic Value – CTS Corporation’s Return On Capital Employed is Expected to Increase in 2023, According to Benzinga Pro.
March 23, 2023
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CTS ($NYSE:CTS) Corporation, a multi-industry manufacturing company, is expected to see an increase in its Return On Capital Employed (ROCE) in 2023, according to Benzinga Pro. ROCE is widely regarded as a measure of profitability, and CTS-2.32%+ Free Alerts reported a ROCE of 2.32% during the fourth quarter of the year. This is particularly encouraging news for investors, as a higher ROCE indicates that CTS Corporation is making better use of its resources and capital to generate profits. With its current financial performance, CTS Corporation appears to be on track for continued success in the future.
The company has consistently delivered strong returns and its recent performance suggests that this trend will continue in 2023. This forecast further reinforces CTS Corporation’s commitment to creating value for its shareholders and customers.
Share Price
So far, news coverage of the company has been mostly neutral. On Friday, CTS CORPORATION stock opened at $45.0 and closed at the same price, representing a 0.6% decrease from the previous closing price of 45.3. Investors will be watching closely to see if CTS CORPORATION can meet the Benzinga Pro projections and increase its ROCE in 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cts Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 586.87 | 59.58 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cts Corporation. More…
| Operations | Investing | Financing |
| 121.2 | -111.19 | 4.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cts Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 748.49 | 242.26 | 15.98 |
Key Ratios Snapshot
Some of the financial key ratios for Cts Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 15.8% | 14.1% |
| FCF Margin | ROE | ROA |
| 18.2% | 10.4% | 6.9% |
Analysis – Cts Corporation Stock Intrinsic Value
At GoodWhale, we conducted an analysis of CTS CORPORATION’s wellbeing. Our proprietary Valuation Line pegged the intrinsic value of CTS CORPORATION shares at $39.5. However, the stock is currently trading at $45.0, a fair price that is 13.8% overvalued. This means that there are potential profits to be made in buying and selling CTS CORPORATION stock, depending on market conditions. More…
Peers
The company’s products are used in a wide range of industries, including automotive, consumer, industrial, medical, and telecommunications. CTS Corp has a strong competitive position in the market, with a broad product portfolio and a large customer base. The company’s main competitors are Alps Alpine Co Ltd, Concraft Holding Co Ltd, and Man Yue Technology Holdings Ltd.
– Alps Alpine Co Ltd ($TSE:6770)
Alps Alpine Co Ltd is a Japanese company that manufactures and sells electronic equipment and components. The company has a market cap of 273.42B as of 2022 and a ROE of 8.73%. Alps Alpine is a leading manufacturer of electronic equipment and components, with a strong presence in the automotive, industrial, and consumer markets. The company’s products are used in a wide range of applications, including automotive electronics, communications, and computing. Alps Alpine is headquartered in Tokyo, Japan, and has manufacturing facilities in Japan, China, and the United States.
– Concraft Holding Co Ltd ($TWSE:4943)
Concraft Holding Co Ltd is a construction company that operates in the Chinese market. The company has a market capitalization of 1.19 billion as of 2022 and a return on equity of -142.04%. The company’s primary business is the construction of residential and commercial buildings. The company also provides construction management services.
– Man Yue Technology Holdings Ltd ($SEHK:00894)
Man Yue Technology Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of electronics manufacturing services. The Company operates its businesses through two segments. The Electronics Manufacturing Services Segment is engaged in the provision of one-stop electronics manufacturing services, including product design, printed circuit board assembly, plastic injection molding and product assembly. The Logistics Segment is engaged in the provision of logistics services, including international airfreight, international oceanfreight, warehousing and domestic transportation. As of December 31, 2011, the Company operated a total of 20 subsidiaries.
Summary
CTS Corporation is a technology company that provides electronic components and systems. Investment analysis of the company has been largely neutral so far in 2023, with analysts focusing on the company’s expected return on capital employed. Analysts are expecting CTS Corporation to increase its ROCE over the next year, with further potential for growth in years to come. Investors should watch for any changes in the company’s performance as a result of its continued focus on digital transformation, increased demand for its products, and improvement in operating efficiency.
In addition, investors should also be aware of any changes in the company’s financial position and any potential risks associated with its investments.
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