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Cooper Tire & Rubber

DB:TI2
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TI2
DB
$846M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Cooper Tire & Rubber has significant price volatility in the past 3 months.
TI2 Share Price and Events
7 Day Returns
5.4%
DB:TI2
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-44.2%
DB:TI2
-47.8%
DE Auto Components
-16.6%
DE Market
TI2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cooper Tire & Rubber (TI2) 5.4% -27.1% -37.6% -44.2% -62.1% -60.8%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • TI2 outperformed the Auto Components industry which returned -47.8% over the past year.
  • TI2 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
TI2
Industry
5yr Volatility vs Market

TI2 Value

 Is Cooper Tire & Rubber undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cooper Tire & Rubber to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cooper Tire & Rubber.

DB:TI2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TI2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (49%))
1.389
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.389 * 5.44%)
7.17%

Discounted Cash Flow Calculation for DB:TI2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cooper Tire & Rubber is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TI2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.17%)
2020 68.90 Analyst x2 64.29
2021 141.33 Analyst x3 123.06
2022 165.91 Est @ 17.39% 134.80
2023 185.91 Est @ 12.06% 140.95
2024 201.39 Est @ 8.32% 142.47
2025 212.88 Est @ 5.71% 140.53
2026 221.14 Est @ 3.88% 136.22
2027 226.88 Est @ 2.6% 130.42
2028 230.75 Est @ 1.7% 123.77
2029 233.22 Est @ 1.07% 116.73
Present value of next 10 years cash flows $1,253.00
DB:TI2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $233.22 × (1 + -0.39%) ÷ (7.17% – -0.39%)
$3,074.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,074.34 ÷ (1 + 7.17%)10
$1,538.71
DB:TI2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,253.00 + $1,538.71
$2,791.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,791.71 / 50.27
$55.54
DB:TI2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TI2 represents 0.92636x of NYSE:CTB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92636x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 55.54 x 0.92636
€51.45
Value per share (EUR) From above. €51.45
Current discount Discount to share price of €15.60
= -1 x (€15.60 - €51.45) / €51.45
69.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cooper Tire & Rubber is available for.
Intrinsic value
>50%
Share price is €15.6 vs Future cash flow value of €51.45
Current Discount Checks
For Cooper Tire & Rubber to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cooper Tire & Rubber's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cooper Tire & Rubber's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cooper Tire & Rubber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cooper Tire & Rubber's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TI2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.92
NYSE:CTB Share Price ** NYSE (2020-04-07) in USD $16.84
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cooper Tire & Rubber.

DB:TI2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CTB Share Price ÷ EPS (both in USD)

= 16.84 ÷ 1.92

8.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cooper Tire & Rubber is good value based on earnings compared to the DE Auto Components industry average.
  • Cooper Tire & Rubber is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Cooper Tire & Rubber's expected growth come at a high price?
Raw Data
DB:TI2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
21.7%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:TI2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.76x ÷ 21.7%

0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cooper Tire & Rubber is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cooper Tire & Rubber's assets?
Raw Data
DB:TI2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $25.19
NYSE:CTB Share Price * NYSE (2020-04-07) in USD $16.84
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:TI2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CTB Share Price ÷ Book Value per Share (both in USD)

= 16.84 ÷ 25.19

0.67x

* Primary Listing of Cooper Tire & Rubber.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cooper Tire & Rubber is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Cooper Tire & Rubber's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Cooper Tire & Rubber has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TI2 Future Performance

 How is Cooper Tire & Rubber expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cooper Tire & Rubber expected to grow at an attractive rate?
  • Cooper Tire & Rubber's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Cooper Tire & Rubber's earnings growth is expected to exceed the Germany market average.
  • Cooper Tire & Rubber's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TI2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TI2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 21.7%
DB:TI2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.2%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TI2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TI2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,762 330 147 5
2020-12-31 2,641 275 107 6
2020-04-07
DB:TI2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,753 291 96
2019-09-30 2,773 206 45
2019-06-30 2,806 234 69
2019-03-31 2,826 235 75
2018-12-31 2,808 254 77
2018-09-30 2,795 244 35
2018-06-30 2,791 182 43
2018-03-31 2,813 168 73
2017-12-31 2,855 178 95
2017-09-30 2,882 101 207
2017-06-30 2,899 158 194
2017-03-31 2,918 241 220

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cooper Tire & Rubber's earnings are expected to grow significantly at over 20% yearly.
  • Cooper Tire & Rubber's revenue is expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TI2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Cooper Tire & Rubber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TI2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.27 3.50 2.95 3.00
2020-12-31 1.78 2.40 0.69 4.00
2020-04-07
DB:TI2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.92
2019-09-30 0.89
2019-06-30 1.38
2019-03-31 1.50
2018-12-31 1.52
2018-09-30 0.69
2018-06-30 0.84
2018-03-31 1.41
2017-12-31 1.83
2017-09-30 3.92
2017-06-30 3.65
2017-03-31 4.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cooper Tire & Rubber is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cooper Tire & Rubber's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cooper Tire & Rubber has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TI2 Past Performance

  How has Cooper Tire & Rubber performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cooper Tire & Rubber's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cooper Tire & Rubber's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cooper Tire & Rubber's 1-year earnings growth exceeds its 5-year average (25.9% vs -28.1%)
  • Cooper Tire & Rubber's earnings growth has exceeded the DE Auto Components industry average in the past year (25.9% vs -45.1%).
Earnings and Revenue History
Cooper Tire & Rubber's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cooper Tire & Rubber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TI2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,752.64 96.40 290.83
2019-09-30 2,772.92 44.73 283.89
2019-06-30 2,806.45 69.10 279.90
2019-03-31 2,825.73 75.28 273.23
2018-12-31 2,808.06 76.59 272.03
2018-09-30 2,794.61 34.85 272.06
2018-06-30 2,790.78 42.82 278.48
2018-03-31 2,813.13 73.12 274.77
2017-12-31 2,854.66 95.40 279.67
2017-09-30 2,881.51 206.88 270.09
2017-06-30 2,898.58 194.50 261.26
2017-03-31 2,918.12 219.94 266.29
2016-12-31 2,924.87 248.38 305.70
2016-09-30 2,916.53 238.30 261.66
2016-06-30 2,947.98 242.18 270.18
2016-03-31 2,959.47 231.01 260.69
2015-12-31 2,972.90 212.77 262.97
2015-09-30 3,016.94 235.78 260.41
2015-06-30 3,154.65 230.31 256.45
2015-03-31 3,291.56 208.91 267.47
2014-12-31 3,424.81 213.58 272.30
2014-09-30 3,466.23 150.93 260.22
2014-06-30 3,378.57 103.06 252.89
2014-03-31 3,374.01 100.37 262.61
2013-12-31 3,439.23 111.01 257.43
2013-09-30 3,640.70 164.34 270.29
2013-06-30 3,903.90 238.62 278.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cooper Tire & Rubber has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cooper Tire & Rubber used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Cooper Tire & Rubber's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cooper Tire & Rubber's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cooper Tire & Rubber has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TI2 Health

 How is Cooper Tire & Rubber's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cooper Tire & Rubber's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cooper Tire & Rubber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cooper Tire & Rubber's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cooper Tire & Rubber's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cooper Tire & Rubber Company Filings, last reported 3 months ago.

DB:TI2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,327.73 330.51 391.33
2019-09-30 1,268.46 305.36 137.09
2019-06-30 1,254.03 308.80 111.68
2019-03-31 1,248.22 309.89 212.33
2018-12-31 1,232.44 311.33 356.25
2018-09-30 1,228.51 304.61 208.62
2018-06-30 1,177.27 337.13 180.49
2018-03-31 1,204.03 330.78 213.09
2017-12-31 1,185.76 329.17 371.68
2017-09-30 1,232.23 332.14 258.36
2017-06-30 1,192.92 334.55 302.39
2017-03-31 1,156.06 311.10 365.05
2016-12-31 1,130.24 315.92 504.42
2016-09-30 1,096.74 308.10 450.35
2016-06-30 1,085.37 299.57 412.10
2016-03-31 1,054.32 303.57 434.00
2015-12-31 1,017.61 308.85 505.16
2015-09-30 964.72 315.57 424.23
2015-06-30 946.62 314.39 408.06
2015-03-31 927.12 315.80 449.15
2014-12-31 884.26 364.60 551.65
2014-09-30 1,103.76 525.65 335.78
2014-06-30 1,250.67 366.34 326.64
2014-03-31 1,205.85 372.18 335.94
2013-12-31 1,157.63 352.27 397.73
2013-09-30 1,027.47 370.86 309.81
2013-06-30 1,015.43 395.81 244.15
  • Cooper Tire & Rubber's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.2% vs 24.9% today).
  • Debt is well covered by operating cash flow (87.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess Cooper Tire & Rubber's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cooper Tire & Rubber has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TI2 Dividends

 What is Cooper Tire & Rubber's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.49%
Current annual income from Cooper Tire & Rubber dividends. Estimated to be 2.49% next year.
If you bought €2,000 of Cooper Tire & Rubber shares you are expected to receive €50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cooper Tire & Rubber's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Cooper Tire & Rubber's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TI2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TI2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.42 2.00
2020-12-31 0.42 2.00
2020-04-07
DB:TI2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.420 2.088
2019-10-24 0.420 1.480
2019-07-31 0.420 1.669
2019-05-02 0.420 1.403
2019-02-15 0.420 1.355
2018-10-26 0.420 1.280
2018-08-02 0.420 1.494
2018-05-04 0.420 1.600
2018-02-16 0.420 1.422
2017-10-27 0.420 1.167
2017-08-02 0.420 1.191
2017-05-05 0.420 1.143
2017-02-16 0.420 1.002
2016-10-27 0.420 1.129
2016-08-03 0.420 1.187
2016-05-06 0.420 1.344
2016-02-19 0.420 1.142
2015-10-29 0.420 1.102
2015-08-05 0.420 1.065
2015-05-08 0.420 1.204
2015-02-20 0.420 1.048
2014-11-04 0.420 1.251
2014-08-06 0.420 1.403
2014-05-09 0.420 1.447
2014-02-21 0.420 1.707
2013-10-25 0.420 1.761
2013-08-07 0.420 1.410
2013-05-10 0.420 1.408
2013-02-22 0.420 1.666
2012-10-31 0.420 1.684
2012-08-08 0.420 2.083
2012-05-11 0.420 2.577
2012-02-24 0.420 2.674
2011-10-20 0.420 2.942
2011-08-03 0.420 3.625
2011-05-06 0.420 2.055
2011-02-24 0.420 1.677
2010-10-28 0.420 1.864
2010-08-04 0.420 2.198
2010-05-04 0.420 2.081
2010-02-25 0.420 2.124
2009-10-30 0.420 2.263
2009-08-05 0.420 2.672
2009-05-06 0.420 3.877

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Cooper Tire & Rubber's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (6.9x coverage).
X
Income/ dividend checks
We assess Cooper Tire & Rubber's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cooper Tire & Rubber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cooper Tire & Rubber has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TI2 Management

 What is the CEO of Cooper Tire & Rubber's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Hughes
COMPENSATION $5,456,705
AGE 57
TENURE AS CEO 3.6 years
CEO Bio

Mr. Bradley E. Hughes, also known as Brad, has been the Chief Executive Officer and President of Cooper Tire & Rubber Co. since September 1, 2016. Mr. Hughes served as the Chief Operating Officer and Senior Vice President of Cooper Tire & Rubber Co. from January 30, 2015 to September 2016. He served as the President of International Operations at Cooper Tire & Rubber Co. from July 1, 2014 to January 2015. He served as the Chief Financial Officer of Cooper Tire & Rubber Co. from November 2009 to November 2014 and served its Treasurer until November 2014. He served as a Vice President of Cooper Tire & Rubber Co. since 2008. He worked as a Global Product Development Controller for Ford Motor Co., Dearborn, Mich. A Ford employee since 1986, he worked as a Finance Director for Ford's South America Operations in Sao Paulo, Brazil; Director of European Business Strategy and Implementation, Cologne, Germany; European Manufacturing controller, Cologne, Germany; and in other corporate finance and treasury positions. Prior to joining Ford, he worked for Fruehauf Finance Corp., Detroit, Mich. He has been Director at Cooper Tire & Rubber Co. since September 1, 2016. Mr. Hughes holds a bachelor's degree in business from Miami University and a master's degree in business administration from the University of Michigan Business School, Ann Arbor, Mich.

CEO Compensation
  • Brad's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cooper Tire & Rubber management team in years:

2.1
Average Tenure
51
Average Age
  • The tenure for the Cooper Tire & Rubber management team is about average.
Management Team

Brad Hughes

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.6 yrs

Chris Eperjesy

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
51
TENURE
1.3 yrs

Steve Zamansky

TITLE
Senior VP
COMPENSATION
$1M
AGE
48
TENURE
9 yrs

Mark Young

TITLE
Chief Accounting Officer
AGE
42

Ben Patel

TITLE
Senior VP & CTO
AGE
51
TENURE
0.4 yrs

Phil Kortokrax

TITLE
Senior Vice President of Global Operations & Procurement
TENURE
2.1 yrs

John Bodart

TITLE
Senior Vice President of Transformation
TENURE
0.6 yrs

Luis Ceneviz

TITLE
Senior VP & President of International
TENURE
5.1 yrs

Chris Ball

TITLE
Senior VP & President of North America
TENURE
2.1 yrs

Jerry Bialek

TITLE
VP & Treasurer
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Cooper Tire & Rubber board of directors in years:

3.9
Average Tenure
61
Average Age
  • The tenure for the Cooper Tire & Rubber board of directors is about average.
Board of Directors

Thomas Capo

TITLE
Independent Non-Executive Chairman
COMPENSATION
$362K
AGE
68
TENURE
3.6 yrs

Brad Hughes

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.6 yrs

John Holland

TITLE
Independent Director
COMPENSATION
$225K
AGE
69
TENURE
17.3 yrs

Robert Welding

TITLE
Independent Director
COMPENSATION
$240K
AGE
70
TENURE
12.7 yrs

Steven Chapman

TITLE
Independent Director
COMPENSATION
$225K
AGE
65
TENURE
14.3 yrs

Gary Michel

TITLE
Independent Director
COMPENSATION
$225K
AGE
56
TENURE
4.5 yrs

Susan Davis

TITLE
Independent Director
COMPENSATION
$225K
AGE
65
TENURE
4.2 yrs

Tracey Joubert

TITLE
Independent Director
COMPENSATION
$225K
AGE
52
TENURE
2.4 yrs

Katy Dickson

TITLE
Independent Director
COMPENSATION
$225K
AGE
54
TENURE
1.5 yrs

Brian Walker

TITLE
Independent Director
COMPENSATION
$225K
AGE
57
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cooper Tire & Rubber individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Mar 20 Buy Kathryn Dickson Individual 04. Mar 20 05. Mar 20 2,500 €22.21 €53,816
X
Management checks
We assess Cooper Tire & Rubber's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cooper Tire & Rubber has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TI2 News

Simply Wall St News

TI2 Company Info

Description

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It offers passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires. The company sells its products to independent tire dealers, wholesale distributors, regional and national retail tire chains, large retail chains, and other tire and automotive product retail chains, mass merchandisers, and digital channels as well as original equipment manufacturers; and directly to end users through three owned retail stores. Cooper Tire & Rubber Company was founded in 1914 and is headquartered in Findlay, Ohio.

Details
Name: Cooper Tire & Rubber Company
TI2
Exchange: DB
Founded: 1914
$782,740,425
50,266,057
Website: http://www.coopertire.com
Address: Cooper Tire & Rubber Company
701 Lima Avenue,
Findlay,
Ohio, 45840,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CTB Common Stock New York Stock Exchange US USD 02. Jan 1968
DB TI2 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
8,720
Cooper Tire & Rubber employees.
Industry
Tires and Rubber
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:31
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.