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Rogers Corp (ROG)
NYSE:ROG

Rogers (ROG) AI Stock Analysis

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Rogers

(NYSE:ROG)

64Neutral
Rogers Corporation shows a strong financial foundation with low debt and high equity, but faces challenges with declining revenues and profit margins. Technical indicators suggest a bearish trend, and the high P/E ratio indicates overvaluation. The earnings call highlighted some positive strategic initiatives but also exposed significant challenges that could hinder near-term performance. Overall, while the company has potential for recovery, current conditions suggest caution.

Rogers (ROG) vs. S&P 500 (SPY)

Rogers Business Overview & Revenue Model

Company DescriptionRogers 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 MoneyRogers 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 demonstrates a stable financial base with strong equity and low debt. However, there are concerns regarding declining revenue, profit margins, and free cash flow, which could impact future growth. Operational efficiencies may need to be improved to maintain profitability.
Income Statement
63
Positive
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.
Balance Sheet
77
Positive
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.
Cash Flow
71
Positive
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.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
807.20M830.10M908.40M971.17M932.89M802.58M
Gross Profit
265.90M277.10M307.10M321.01M349.14M291.82M
EBIT
14.30M24.90M85.30M144.43M89.10M17.23M
EBITDA
72.50M85.90M138.70M196.49M172.64M152.11M
Net Income Common Stockholders
16.90M26.10M56.60M116.60M108.10M49.99M
Balance SheetCash, Cash Equivalents and Short-Term Investments
175.60M159.80M131.70M235.85M232.30M191.78M
Total Assets
1.51B1.48B1.52B1.65B1.60B1.26B
Total Debt
24.20M24.60M50.40M216.79M190.00M25.00M
Net Debt
-151.40M-135.20M-81.30M-19.06M-42.30M-166.78M
Total Liabilities
240.10M229.50M258.20M473.75M479.67M243.25M
Stockholders Equity
1.27B1.25B1.26B1.17B1.12B1.02B
Cash FlowFree Cash Flow
54.40M71.00M74.40M12.67M53.24M124.67M
Operating Cash Flow
110.70M127.10M131.40M129.46M124.36M165.06M
Investing Cash Flow
-32.30M-45.60M-47.90M-113.12M-238.62M-40.38M
Financing Cash Flow
-20.20M-50.10M-190.30M-10.10M159.06M-104.19M

Rogers Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price69.86
Price Trends
50DMA
65.58
Positive
100DMA
79.06
Negative
200DMA
92.02
Negative
Market Momentum
MACD
1.78
Negative
RSI
64.09
Neutral
STOCH
85.63
Negative
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 69.86 is above the 20-day moving average (MA) of 62.82, above the 50-day MA of 65.58, and below the 200-day MA of 92.02, indicating a neutral trend. The MACD of 1.78 indicates Negative momentum. The RSI at 64.09 is Neutral, neither overbought nor oversold. The STOCH value of 85.63 is Negative, 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 (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$2.98B39.225.02%11.65%
CTCTS
68
Neutral
$1.29B21.8511.39%0.37%-2.76%16.64%
BHBHE
67
Neutral
$1.35B25.894.84%1.80%-7.36%-20.46%
65
Neutral
$1.96B84.864.16%-14.92%-91.72%
ROROG
64
Neutral
$1.29B76.921.34%-8.06%-75.10%
60
Neutral
$11.59B10.39-7.23%2.94%7.46%-10.76%
51
Neutral
$665.18M-89.38%0.52%11.68%-26360.70%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ROG
Rogers
69.86
-49.59
-41.52%
BHE
Benchmark Electronics
37.47
-3.82
-9.25%
CTS
CTS
43.22
-10.25
-19.17%
MLAB
Mesa Laboratories
122.42
1.49
1.23%
TTMI
TTM Technologies
29.37
10.95
59.45%
VICR
Vicor
43.37
9.56
28.28%

Rogers Earnings Call Summary

Earnings Call Date:Apr 29, 2025
(Q1-2025)
|
% Change Since: 17.55%|
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 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.

Spark’s Take on ROG Stock

According to Spark, TipRanks’ AI Analyst, ROG is a Neutral.

Rogers Corporation’s overall score of 57 reflects a combination of strong cash flow generation and a solid balance sheet, overshadowed by declining revenues and high valuation concerns. Technical indicators also point to bearish conditions, reinforcing a cautious outlook. The company’s strategic initiatives and market recovery expectations may offer potential for future improvement, but current challenges weigh heavily on the stock’s immediate prospects.

To see Spark’s full report on ROG stock, click here.

Business Operations and StrategyFinancial Disclosures
Rogers Reports 2024 Financial Results Amid Sales Decline
Negative
Feb 19, 2025

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.

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.