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Core Molding Technologies Inc (CMT)
:CMT
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Core Molding Technologies
(NYSE MKT:CMT)
70Outperform
Core Molding Technologies (CMT) vs. S&P 500 (SPY)
Market Cap
$141.17M
Dividend YieldN/A
Average Volume (3M)30.72K
Price to Earnings (P/E)11.8
Beta (1Y)0.21
Revenue Growth-15.07%
EPS Growth-36.06%
CountryUS
Employees1,570
SectorBasic Materials
Sector Strength60
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.29
Shares Outstanding8,992,035
10 Day Avg. Volume26,521
30 Day Avg. Volume30,722
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)0.92
Price to Sales (P/S)0.00
P/FCF Ratio6.11
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue0.10
Enterprise Value/Gross Profit2.35
Enterprise Value/Ebitda1.30
Forecast
1Y Price Target
$22.00Price Target Upside40.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Core Molding Technologies Business Overview & Revenue Model
Company DescriptionCore Molding Technologies (CMT) is a leading manufacturer in the composite molding industry, specializing in the production of sheet molding compound (SMC), fiber-reinforced plastics, and other advanced composite materials. The company caters to a diverse range of industries, including automotive, marine, agricultural, and construction, providing high-quality, durable, and lightweight components that meet stringent industry standards.
How the Company Makes MoneyCore Molding Technologies generates revenue primarily through the manufacturing and sale of composite molded products. The company's revenue streams include creating custom composite components for original equipment manufacturers (OEMs) across various sectors. CMT leverages its expertise in engineering and materials science to offer innovative solutions that meet specific client demands, thus securing long-term contracts and repeat business. Additionally, strategic partnerships with key industry players and continuous investment in research and development enhance CMT's product offerings and market reach, contributing to its financial performance.
Core Molding Technologies Financial Statement Overview
Summary
Core Molding Technologies demonstrates strong profitability margins and a solid balance sheet with low financial leverage. However, challenges in revenue growth and declining stockholders' equity are concerns that need addressing to maintain long-term success.Income Statement
Core Molding Technologies has shown resilience with improving profitability. Despite a decline in revenue in 2024, the company has maintained a strong gross profit margin of 17.61% and a net profit margin of 4.40% for the year. The EBIT and EBITDA margins have also shown stability. However, the revenue growth rate has been negative in recent years, which is a concern for future top-line growth.67
Positive
Balance Sheet
The company's balance sheet reflects a solid equity position with a debt-to-equity ratio of 0.15, suggesting low financial leverage. The equity ratio stands at 70.33%, highlighting a strong capital structure. Return on equity for 2024 is at 9.03%, indicating effective use of equity to generate profits. Nonetheless, the decline in stockholders' equity over time needs attention.72
Positive
Cash Flow
Core Molding Technologies has demonstrated robust cash flow management. The operating cash flow to net income ratio is healthy, suggesting efficient cash generation relative to net income. The free cash flow to net income ratio is also favorable, indicating strong cash conversion capabilities. The free cash flow growth rate, however, has been negative, which requires monitoring.75
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 302.38M | 357.74M | 377.38M | 307.48M | 222.36M | Gross Profit |
| 53.26M | 64.52M | 52.40M | 41.34M | 34.47M | EBIT |
| 16.70M | 26.54M | 18.00M | 11.07M | 10.39M | EBITDA |
| 16.70M | 39.67M | 30.41M | 22.85M | 20.93M | Net Income Common Stockholders |
| 13.30M | 20.32M | 12.20M | 4.67M | 8.16M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 41.80M | 24.10M | 4.18M | 6.15M | 4.13M | Total Assets |
| 209.55M | 213.38M | 198.62M | 186.12M | 165.51M | Total Debt |
| 21.52M | 26.80M | 26.06M | 29.62M | 28.15M | Net Debt |
| -20.28M | 2.69M | 21.88M | 23.47M | 24.02M | Total Liabilities |
| 62.19M | 74.42M | 82.49M | 86.03M | 71.58M | Stockholders Equity |
| 147.36M | 138.95M | 116.13M | 100.09M | 93.93M |
| Cash Flow | Free Cash Flow | |||
| 23.63M | 25.74M | 2.39M | 977.00K | 24.48M | Operating Cash Flow |
| 35.15M | 34.84M | 18.98M | 12.55M | 28.16M | Investing Cash Flow |
| -11.53M | -9.10M | -16.59M | -11.41M | -3.68M | Financing Cash Flow |
| -5.93M | -5.82M | -4.36M | 884.00K | -22.21M |
Core Molding Technologies Technical Analysis
Positive
15.70
Price Trends
15.01
Positive
14.75
Positive
15.86
Positive
Market Momentum
0.21
Negative
59.94
Neutral
80.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMT, the sentiment is Positive. The current price of 15.7 is above the 20-day moving average (MA) of 15.37, above the 50-day MA of 15.01, and below the 200-day MA of 15.86, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 59.94 is Neutral, neither overbought nor oversold. The STOCH value of 80.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMT.
Core Molding Technologies Risk Analysis
Core Molding Technologies disclosed 30 risk factors in its most recent earnings report. Core Molding Technologies 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
Core Molding Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $141.17M | 11.77 | 8.01% | ― | -15.07% | -36.06% | |
65 Neutral | $628.12M | 27.24 | 5.08% | 0.93% | -4.09% | -66.97% | |
63 Neutral | $69.35M | 19.00 | 5.51% | 3.00% | 2.11% | -17.52% | |
55 Neutral | $282.68M | ― | -16.11% | ― | 145.38% | -22.02% | |
50 Neutral | $1.98B | -1.08 | -21.29% | 3.61% | 1.96% | -30.59% | |
48 Neutral | $8.68M | ― | -34.69% | ― | -74.50% | 7.21% | |
42 Neutral | $99.46M | ― | 103.25% | 1.43% | -5.28% | 51.91% |
* Basic Materials Sector Average
Performance Comparison
CMT
Core Molding Technologies
15.88
-3.01
-15.93%
GEVO
Gevo
1.13
0.44
63.77%
GURE
Gulf Resources
0.67
-0.95
-58.64%
KOP
Koppers Holdings
31.45
-12.31
-28.13%
NTIC
Northern Technologies International
7.34
-10.42
-58.67%
TSE
Trinseo
2.71
-0.75
-21.68%
Core Molding Technologies Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 1.82%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
Despite strong gross margin improvements, new business wins, and solid cash flow and liquidity positions, the company faced significant challenges with revenue decline, reduced earnings, and a downward revision of sales guidance. Additionally, they lost a potential acquisition to a private equity buyer. The highlights and lowlights are fairly balanced, indicating both positive and negative aspects in the company's performance and outlook.Q1-2025 Updates
Positive Updates
Gross Margin Expansion
Gross margin expanded to 19.2%, up 220 basis points year-over-year and up 340 basis points sequentially.
On-time Delivery and Quality Metrics
Achieved 99.3% on-time delivery and maintained a quality level under 100 PPM (parts per million).
New Business Secured
Secured over $15 million in annual new business, including $10 million in the building products sector and $5 million in the electric vehicle battery sector.
Strong Cash Flow
Generated $6.1 million in cash from operations, up from $5.1 million a year ago, and positive free cash flow of $4.3 million for the first quarter.
Liquidity Position
Held a strong total liquidity position of $94.5 million, including $44.5 million of cash and $50 million available under revolver and credit lines.
Negative Updates
Revenue Decline
Net sales were $61.4 million, down 21.4% primarily due to lower demand in medium and heavy-duty truck vertical and power sports.
Reduced Earnings Per Share
Net income for the first quarter was $2.2 million or diluted income per share of $0.25 compared to $3.8 million or $0.43 per share in the same period last year.
Lower Sales Guidance for First Half of 2025
Expected revenues to be down between 10-15% for the first half of 2025, compared to previous guidance of down 5% to 10%.
Challenges in M&A Activities
A potential acquisition was lost to a private equity buyer, despite a competitive offer from Core Molding Technologies.
Company Guidance
In the Core Molding Technologies Q1 2025 financial results conference call, comprehensive guidance was provided on various metrics and strategic directions. The company reported a revenue of $61.4 million, a 21.4% decrease from the previous year, primarily due to reduced demand in the medium and heavy-duty truck and power sports sectors. Despite this, Core Molding achieved a gross margin expansion of 19.2%, reflecting an increase of 220 basis points year-over-year. The adjusted EBITDA margin stood at 11.7%, with a positive free cash flow of $4.3 million after $1.8 million in capital expenditures. The company has a strong liquidity position of $94.5 million, including $44.5 million in cash. It anticipates capital expenditures between $10 million to $12 million for 2025. Core Molding continued to focus on growth through investments in sales resources and market analysis, securing $15 million in annual new business. The guidance highlighted a strategic focus on expanding capabilities in proprietary sheet molding compound (SMC) and top coat painting, positioning the company as a complete solution provider. The company also discussed ongoing M&A activities and its capital allocation strategy, emphasizing organic and inorganic growth, debt management, and share repurchases, with $1 million in stock repurchases in Q1.Core Molding Technologies Corporate Events
Executive/Board ChangesShareholder Meetings
Core Molding Technologies Holds Annual Stockholders Meeting
Neutral
May 19, 2025
On May 15, 2025, Core Molding Technologies, Inc. held its Annual Meeting of Stockholders, where 7,464,802 shares were represented, constituting a quorum. The meeting resulted in the election of seven directors, approval of executive compensation, an amendment to the 2021 Long-Term Equity Incentive Plan, and the ratification of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2025. These decisions are expected to impact the company’s governance and financial strategies, influencing its market positioning and stakeholder relations.
The most recent analyst rating on (CMT) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Molding Technologies stock, see the CMT Stock Forecast page.
Spark’s Take on CMT Stock
According to Spark, TipRanks’ AI Analyst, CMT is a Outperform.
Core Molding Technologies is rated at a 70, reflecting a stable financial foundation and reasonable valuation. The company’s strengths in operational efficiency and strategic initiatives for growth and market expansion are tempered by recent revenue declines and challenges highlighted in the earnings call. The technical analysis suggests stability but warrants caution, while the valuation presents an attractive entry point for value-focused investors.
To see Spark’s full report on CMT stock, click here.
Business Operations and Strategy
Core Molding Technologies Unveils New Investor Presentation
Positive
Mar 13, 2025
On March 13, 2025, Core Molding Technologies announced that its executive management team, including CEO David Duvall and CFO John Zimmer, will use a new presentation in discussions with investors and analysts. This move aims to enhance investor relations and provide insights into the company’s strategic direction and market opportunities. The presentation highlights the company’s focus on growth through sales force development, technological advancements, and potential acquisitions, indicating a proactive approach to expanding its market presence and addressing customer needs.
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.