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Core Molding Technologies Inc (CMT)
:CMT
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Core Molding Technologies
(NYSE MKT:CMT)
69Neutral
Core Molding Technologies (CMT) vs. S&P 500 (SPY)
Market Cap
$128.87M
Dividend YieldN/A
Average Volume (3M)41.06K
Price to Earnings (P/E)9.9
Beta (1Y)0.31
Revenue Growth-15.48%
EPS Growth-35.32%
CountryUS
Employees1,857
SectorBasic Materials
Sector Strength62
IndustryChemicals
Share Statistics
EPS (TTM)1.51
Shares Outstanding8,614,395
10 Day Avg. Volume47,253
30 Day Avg. Volume41,058
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.44
Price to Cash Flow (P/CF)6.70
P/FCF Ratio6.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$22.00Price Target Upside47.06% 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 robust balance sheet with low financial leverage. While revenue growth has been challenging, the company maintains healthy cash flow management. Continued focus on revenue generation and maintaining low leverage will be key to future 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
Neutral
14.96
Price Trends
14.15
Positive
15.22
Negative
16.20
Negative
Market Momentum
0.17
Negative
63.67
Neutral
96.82
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMT, the sentiment is Neutral. The current price of 14.96 is above the 20-day moving average (MA) of 13.77, above the 50-day MA of 14.15, and below the 200-day MA of 16.20, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 63.67 is Neutral, neither overbought nor oversold. The STOCH value of 96.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.84B | 20.41 | 15.44% | ― | 4.11% | 50.07% | |
72 Outperform | $2.24B | 15.74 | 10.42% | 4.88% | -1.15% | 121.43% | |
69 Neutral | $128.87M | 9.89 | 9.29% | ― | -15.48% | -35.32% | |
66 Neutral | $2.86B | 20.72 | 12.73% | 1.80% | 7.14% | -4.01% | |
62 Neutral | $4.21B | 20.99 | 5.13% | 2.48% | -8.45% | -25.41% | |
47 Neutral | $2.66B | -3.50 | -23.70% | 3.28% | 3.70% | -26.83% | |
44 Neutral | $56.93M | ― | -53.44% | ― | -13.06% | -465.17% |
* Basic Materials Sector Average
Performance Comparison
CMT
Core Molding Technologies
14.96
-3.69
-19.79%
CMTL
Comtech Telecommunications
1.94
-1.29
-39.94%
DORM
Dorman Products
125.45
31.92
34.13%
LCII
LCI Industries
88.16
-23.08
-20.75%
PATK
Patrick Industries
85.08
9.56
12.66%
THO
Thor Industries
79.08
-28.64
-26.59%
Core Molding Technologies Earnings Call Summary
Earnings Call Date: Mar 11, 2025 | % Change Since: 13.16% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a challenging year with a notable decline in net sales and a fourth-quarter net loss. However, the company's efforts in securing new business, generating record cash flow, and strategic growth investments suggest a positive outlook for the future. The sentiment balances between the current challenges and future growth opportunities.Highlights
Record Cash Flow Generation
Core Molding Technologies generated record cash flow from operations of $35 million, driven by prudent working capital management and stable margins.
New Business Wins
The company secured $45 million in new business during 2024, with a focus on organic and inorganic growth, signaling strong future potential.
Strategic Growth Initiatives
Core Molding is investing in growth through new capabilities, such as top coat paint at the Matamoros facility, targeting growth markets like construction and agricultural equipment.
Strong Financial Position
The company reported a liquidity of $91.8 million and a low debt to trailing twelve months EBITDA ratio of less than one.
Lowlights
Decline in Net Sales
Net sales for 2024 were $302.4 million, down 15.5% primarily due to lower demand across end markets, notably in the truck and tire sports market.
Fourth Quarter Net Loss
The company reported a slight net loss of $39,000 in the fourth quarter compared to net income of $2.2 million in the prior year.
Volvo Transition Impact
The Volvo transition is expected to reduce revenues by approximately $30 million for 2025, impacting the first half of the year's revenue projections.
Company Guidance
During the Core Molding Technologies Fourth Quarter and Full Year Fiscal 2024 Financial Results Conference Call, the company provided guidance for the upcoming year with various metrics. The company reported net sales of $302.4 million for 2024, a decrease of 15.5% due to lower demand, especially in the truck market. Gross margins were maintained at 17.6%, within their target range, and adjusted EBITDA was $33.8 million or 11.2%. The call highlighted a record cash flow from operations of $35.2 million, translating to a free cash flow of $23.6 million. Despite a 15.3% sales decline in the fourth quarter, the company anticipates a rebound in 2025, driven by new program launches. They expect full-year 2025 net sales to be flat compared to the prior year but anticipate a 5% to 10% reduction in the first half due to the Volvo transition impacting revenues by approximately $30 million. The company plans to offset this through higher tooling sales and anticipates a cyclical upturn in the truck market in the latter half of 2025. Additionally, they project capital expenditures of $10 million to $12 million in 2025, with strategic investments focusing on growth, acquisitions, and debt repayment. The company's term debt was reported at $21.5 million, with a debt to trailing twelve months EBITDA ratio of less than one, and a return on capital employed of 9.9% for 2024.Core Molding Technologies Corporate Events
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.