(ROG) Rogers - Overview
Stock: Circuit Materials, Busbars, Polyurethane, Silicone, Elastomer
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 35.2% |
| Relative Tail Risk | -1.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.49 |
| Alpha | -0.49 |
| Character TTM | |
|---|---|
| Beta | 1.151 |
| Beta Downside | 1.335 |
| Drawdowns 3y | |
|---|---|
| Max DD | 69.34% |
| CAGR/Max DD | -0.16 |
Description: ROG Rogers January 19, 2026
Rogers Corporation (NYSE:ROG) manufactures engineered materials and components for a broad global customer base, operating through three segments: Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and “Other.” The AES segment supplies high-performance circuit materials, ceramic substrates, busbars and thermal management products for EVs, aerospace, renewable energy, and wired-infrastructure markets, marketed under brands such as curamik, ROLINX, RO4000 and RT/duroid. EMS delivers polyurethane, silicone, PTFE and UHMWPE elastomers for cushioning, sealing, vibration control and thermal management, sold under PORON, BISCO, DeWAL and related trade names. The “Other” segment provides elastomer components (ENDUR) and float devices (NITROPHYL) for general industrial and automotive level-sensing applications.
In fiscal 2023 Rogers reported revenue of approximately $1.2 billion, with AES contributing roughly 70 % of sales and exhibiting a 12 % YoY growth rate driven primarily by rising demand for high-frequency substrates in 5G and EV power-train modules. The company’s gross margin expanded to 38 % versus 35 % in 2022, reflecting improved pricing power in specialty materials and a modest easing of raw-material cost pressures. A key sector driver is the accelerating rollout of electric vehicles, which is expected to boost demand for high-temperature, low-loss dielectric substrates at a CAGR of ~10 % through 2028 (source: IHS Markit). Conversely, the EMS business faces headwinds from commodity-grade silicone price volatility, which could compress margins if not offset by product-mix shifts toward higher-value custom silicones.
Assuming Rogers can sustain its current order backlog (~$650 million) and successfully scale its new “CoolSpan” cooling-solution line, the company’s free-cash-flow conversion could exceed 15 % of revenue, providing financial flexibility for strategic acquisitions in the high-growth EV substrate niche. However, a material supply disruption in high-purity copper or a significant slowdown in global semiconductor capital spending would materially alter this outlook.
For a deeper, data-driven assessment of Rogers’ valuation dynamics, consider exploring the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: -66.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.37 > 1.0 |
| NWC/Revenue: 47.24% < 20% (prev 47.32%; Δ -0.09% < -1%) |
| CFO/TA 0.06 > 3% & CFO 88.0m > Net Income -66.9m |
| Net Debt (-144.8m) to EBITDA (87.1m): -1.66 < 3 |
| Current Ratio: 3.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.4m) vs 12m ago -1.08% < -2% |
| Gross Margin: 31.16% > 18% (prev 0.34%; Δ 3083 % > 0.5%) |
| Asset Turnover: 53.17% > 50% (prev 54.71%; Δ -1.53% > 0%) |
| Interest Coverage Ratio: 21.44 > 6 (EBITDA TTM 87.1m / Interest Expense TTM 1.60m) |
Altman Z'' 9.05
| A: 0.26 (Total Current Assets 505.0m - Total Current Liabilities 130.0m) / Total Assets 1.45b |
| B: 0.77 (Retained Earnings 1.11b / Total Assets 1.45b) |
| C: 0.02 (EBIT TTM 34.3m / Avg Total Assets 1.49b) |
| D: 4.46 (Book Value of Equity 1.09b / Total Liabilities 243.3m) |
| Altman-Z'' Score: 9.05 = AAA |
Beneish M -3.15
| DSRI: 0.99 (Receivables 176.5m/188.7m, Revenue 793.9m/842.5m) |
| GMI: 1.08 (GM 31.16% / 33.57%) |
| AQI: 0.94 (AQ_t 0.37 / AQ_t-1 0.40) |
| SGI: 0.94 (Revenue 793.9m / 842.5m) |
| TATA: -0.11 (NI -66.9m - CFO 88.0m) / TA 1.45b) |
| Beneish M-Score: -3.15 (Cap -4..+1) = AA |
What is the price of ROG shares?
Over the past week, the price has changed by +8.09%, over one month by +12.84%, over three months by +24.54% and over the past year by +19.69%.
Is ROG a buy, sell or hold?
- StrongBuy: 1
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ROG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 104 | -1.8% |
| Analysts Target Price | 104 | -1.8% |
| ValueRay Target Price | 110 | 3.9% |
ROG Fundamental Data Overview February 09, 2026
P/S = 2.395
P/B = 1.584
P/EG = 0.7708
Revenue TTM = 793.9m USD
EBIT TTM = 34.3m USD
EBITDA TTM = 87.1m USD
Long Term Debt = 7.70m USD (from longTermDebtTotal, last quarter)
Short Term Debt = 4.10m USD (from shortTermDebt, last quarter)
Debt = 23.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -144.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.77b USD (1.92b + Debt 23.0m - CCE 167.8m)
Interest Coverage Ratio = 21.44 (Ebit TTM 34.3m / Interest Expense TTM 1.60m)
EV/FCF = 37.60x (Enterprise Value 1.77b / FCF TTM 47.2m)
FCF Yield = 2.66% (FCF TTM 47.2m / Enterprise Value 1.77b)
FCF Margin = 5.95% (FCF TTM 47.2m / Revenue TTM 793.9m)
Net Margin = -8.43% (Net Income TTM -66.9m / Revenue TTM 793.9m)
Gross Margin = 31.16% ((Revenue TTM 793.9m - Cost of Revenue TTM 546.5m) / Revenue TTM)
Gross Margin QoQ = 31.05% (prev 31.56%)
Tobins Q-Ratio = 1.23 (Enterprise Value 1.77b / Total Assets 1.45b)
Interest Expense / Debt = 1.30% (Interest Expense 300.0k / Debt 23.0m)
Taxrate = 47.24% (7.70m / 16.3m)
NOPAT = 18.1m (EBIT 34.3m * (1 - 47.24%))
Current Ratio = 3.88 (Total Current Assets 505.0m / Total Current Liabilities 130.0m)
Debt / Equity = 0.02 (Debt 23.0m / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = -1.66 (Net Debt -144.8m / EBITDA 87.1m)
Debt / FCF = -3.07 (Net Debt -144.8m / FCF TTM 47.2m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.48% (Net Income -66.9m / Total Assets 1.45b)
RoE = -5.43% (Net Income TTM -66.9m / Total Stockholder Equity 1.23b)
RoCE = 2.76% (EBIT 34.3m / Capital Employed (Equity 1.23b + L.T.Debt 7.70m))
RoIC = 1.47% (NOPAT 18.1m / Invested Capital 1.23b)
WACC = 10.05% (E(1.92b)/V(1.94b) * Re(10.16%) + D(23.0m)/V(1.94b) * Rd(1.30%) * (1-Tc(0.47)))
Discount Rate = 10.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.81%
[DCF Debug] Terminal Value 61.58% ; FCFF base≈69.2m ; Y1≈45.4m ; Y5≈20.7m
Fair Price DCF = 24.73 (EV 300.0m - Net Debt -144.8m = Equity 444.8m / Shares 18.0m; r=10.05% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -80.21 | EPS CAGR: -53.93% | SUE: -2.44 | # QB: 0
Revenue Correlation: -85.02 | Revenue CAGR: -2.65% | SUE: 0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.75 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=3.13 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+48.6% | Growth Revenue=+7.3%