CTS Interest Coverage vs Dividend Yield Analysis

CTS Stock

USD 53.85 0.67 1.26%

CTS financial indicator trend analysis is way more than just evaluating CTS Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CTS Corporation is a good investment. Please check the relationship between CTS Interest Coverage and its Dividend Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Interest Coverage vs Dividend Yield

Interest Coverage vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CTS Corporation Interest Coverage account and Dividend Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between CTS's Interest Coverage and Dividend Yield is -0.11. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of CTS Corporation, assuming nothing else is changed. The correlation between historical values of CTS's Interest Coverage and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of CTS Corporation are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Interest Coverage i.e., CTS's Interest Coverage and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Coverage

Dividend Yield

Dividend Yield is CTS Corporation dividend as a percentage of CTS stock price. CTS Corporation dividend yield is a measure of CTS stock productivity, which can be interpreted as interest rate earned on an CTS investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from CTS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CTS Corporation current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, CTS's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 12.36 in 2024, whereas Selling General Administrative is likely to drop slightly above 67.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	184.6M	210.5M	190.9M	130.6M
Total Revenue	512.9M	586.9M	550.4M	488.0M

Gross Profit Total Revenue

CTS fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.21	0.0	0.66	0.95	0.82	-0.27	0.96	0.6	0.95	-0.1	0.6	0.79	-0.58	0.63	0.16	-0.47	-0.73	0.71	0.32	0.82	-0.24	0.74	0.46	0.86	0.82
Short Long Term Debt Total	0.21		0.46	0.19	0.03	-0.07	-0.03	0.18	0.47	0.08	0.05	0.47	0.07	0.02	0.64	-0.14	0.05	-0.36	0.54	-0.09	0.4	0.48	-0.04	0.15	0.29	0.33
Other Current Liab	0.0	0.46		0.39	-0.15	-0.3	-0.17	-0.01	0.33	-0.07	0.18	0.33	0.01	0.18	0.26	-0.25	-0.28	-0.22	0.34	-0.22	0.15	0.49	-0.17	0.22	0.17	0.28
Total Current Liabilities	0.66	0.19	0.39		0.48	0.44	-0.15	0.58	0.46	0.5	0.3	0.46	0.89	0.02	0.58	0.43	-0.25	-0.42	0.81	0.08	0.77	-0.2	0.35	0.91	0.64	0.75
Total Stockholder Equity	0.95	0.03	-0.15	0.48		0.82	-0.41	0.95	0.55	0.96	-0.29	0.55	0.64	-0.7	0.37	0.02	-0.56	-0.7	0.46	0.35	0.67	-0.21	0.76	0.25	0.82	0.74
Property Plant And Equipment Net	0.82	-0.07	-0.3	0.44	0.82		0.01	0.75	0.28	0.88	-0.24	0.28	0.71	-0.45	0.46	0.29	-0.32	-0.53	0.5	0.46	0.48	-0.48	0.81	0.31	0.57	0.54
Net Debt	-0.27	-0.03	-0.17	-0.15	-0.41	0.01		-0.34	-0.74	-0.25	0.32	-0.74	-0.01	0.12	0.26	0.42	0.6	0.54	0.13	-0.35	-0.24	-0.38	-0.32	0.03	-0.55	-0.52
Retained Earnings	0.96	0.18	-0.01	0.58	0.95	0.75	-0.34		0.54	0.94	-0.22	0.54	0.69	-0.63	0.49	-0.01	-0.57	-0.74	0.58	0.25	0.71	-0.14	0.67	0.38	0.89	0.84
Cash	0.6	0.47	0.33	0.46	0.55	0.28	-0.74	0.54		0.51	-0.09	1.0	0.37	-0.05	0.42	-0.16	-0.55	-0.83	0.48	0.52	0.6	0.24	0.6	0.26	0.79	0.79
Non Current Assets Total	0.95	0.08	-0.07	0.5	0.96	0.88	-0.25	0.94	0.51		-0.29	0.51	0.67	-0.63	0.49	-0.02	-0.62	-0.76	0.55	0.35	0.6	-0.26	0.82	0.26	0.8	0.77
Non Currrent Assets Other	-0.1	0.05	0.18	0.3	-0.29	-0.24	0.32	-0.22	-0.09	-0.29		-0.09	0.25	0.4	0.35	0.47	0.49	0.22	0.37	-0.17	0.28	-0.36	-0.34	0.49	-0.08	-0.06
Cash And Short Term Investments	0.6	0.47	0.33	0.46	0.55	0.28	-0.74	0.54	1.0	0.51	-0.09		0.37	-0.05	0.42	-0.16	-0.55	-0.83	0.48	0.52	0.6	0.24	0.6	0.26	0.79	0.79
Net Receivables	0.79	0.07	0.01	0.89	0.64	0.71	-0.01	0.69	0.37	0.67	0.25	0.37		-0.1	0.65	0.59	-0.14	-0.44	0.81	0.24	0.81	-0.42	0.55	0.86	0.66	0.71
Common Stock Shares Outstanding	-0.58	0.02	0.18	0.02	-0.7	-0.45	0.12	-0.63	-0.05	-0.63	0.4	-0.05	-0.1		-0.08	0.2	0.32	0.26	-0.05	0.1	-0.31	0.06	-0.26	0.26	-0.33	-0.19
Non Current Liabilities Total	0.63	0.64	0.26	0.58	0.37	0.46	0.26	0.49	0.42	0.49	0.35	0.42	0.65	-0.08		0.35	0.0	-0.48	0.95	0.14	0.7	-0.18	0.38	0.54	0.52	0.54
Inventory	0.16	-0.14	-0.25	0.43	0.02	0.29	0.42	-0.01	-0.16	-0.02	0.47	-0.16	0.59	0.2	0.35		0.6	0.33	0.42	0.23	0.45	-0.52	0.08	0.61	-0.02	-0.08
Other Current Assets	-0.47	0.05	-0.28	-0.25	-0.56	-0.32	0.6	-0.57	-0.55	-0.62	0.49	-0.55	-0.14	0.32	0.0	0.6		0.73	-0.09	-0.21	-0.07	-0.15	-0.58	0.07	-0.6	-0.66
Other Stockholder Equity	-0.73	-0.36	-0.22	-0.42	-0.7	-0.53	0.54	-0.74	-0.83	-0.76	0.22	-0.83	-0.44	0.26	-0.48	0.33	0.73		-0.51	-0.42	-0.48	-0.1	-0.72	-0.18	-0.84	-0.86
Total Liab	0.71	0.54	0.34	0.81	0.46	0.5	0.13	0.58	0.48	0.55	0.37	0.48	0.81	-0.05	0.95	0.42	-0.09	-0.51		0.13	0.81	-0.21	0.41	0.74	0.62	0.68
Property Plant And Equipment Gross	0.32	-0.09	-0.22	0.08	0.35	0.46	-0.35	0.25	0.52	0.35	-0.17	0.52	0.24	0.1	0.14	0.23	-0.21	-0.42	0.13		0.2	-0.19	0.72	0.04	0.48	0.31
Total Current Assets	0.82	0.4	0.15	0.77	0.67	0.48	-0.24	0.71	0.6	0.6	0.28	0.6	0.81	-0.31	0.7	0.45	-0.07	-0.48	0.81	0.2		-0.14	0.4	0.7	0.74	0.7
Short Term Debt	-0.24	0.48	0.49	-0.2	-0.21	-0.48	-0.38	-0.14	0.24	-0.26	-0.36	0.24	-0.42	0.06	-0.18	-0.52	-0.15	-0.1	-0.21	-0.19	-0.14		-0.27	-0.25	-0.01	0.03
Intangible Assets	0.74	-0.04	-0.17	0.35	0.76	0.81	-0.32	0.67	0.6	0.82	-0.34	0.6	0.55	-0.26	0.38	0.08	-0.58	-0.72	0.41	0.72	0.4	-0.27		0.15	0.68	0.63
Accounts Payable	0.46	0.15	0.22	0.91	0.25	0.31	0.03	0.38	0.26	0.26	0.49	0.26	0.86	0.26	0.54	0.61	0.07	-0.18	0.74	0.04	0.7	-0.25	0.15		0.47	0.57
Common Stock Total Equity	0.86	0.29	0.17	0.64	0.82	0.57	-0.55	0.89	0.79	0.8	-0.08	0.79	0.66	-0.33	0.52	-0.02	-0.6	-0.84	0.62	0.48	0.74	-0.01	0.68	0.47		0.94
Common Stock	0.82	0.33	0.28	0.75	0.74	0.54	-0.52	0.84	0.79	0.77	-0.06	0.79	0.71	-0.19	0.54	-0.08	-0.66	-0.86	0.68	0.31	0.7	0.03	0.63	0.57	0.94

Click cells to compare fundamentals

CTS Account Relationship Matchups

CTS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	643.4M	626.0M	664.5M	748.5M	741.2M	469.8M
Short Long Term Debt Total	127.4M	81.1M	74.7M	109.4M	96.9M	85.5M
Other Current Liab	43.1M	38.1M	42.6M	39.7M	37.9M	43.3M
Total Current Liabilities	96.9M	104.9M	114.1M	112.5M	97.0M	101.3M
Total Stockholder Equity	405.2M	423.7M	463.6M	506.2M	526.8M	281.1M
Property Plant And Equipment Net	129.7M	120.7M	118.5M	120.0M	119.0M	102.5M
Net Debt	27.2M	(10.7M)	(66.7M)	(47.6M)	(67.0M)	(63.7M)
Retained Earnings	509.8M	539.3M	492.2M	546.7M	602.2M	311.2M
Cash	100.2M	91.8M	141.5M	156.9M	163.9M	172.1M
Non Current Assets Total	405.9M	392.8M	375.4M	422.7M	421.8M	260.1M
Non Currrent Assets Other	3.0M	2.6M	2.4M	17.4M	15.3M	14.6M
Cash And Short Term Investments	100.2M	91.8M	141.5M	156.9M	163.9M	172.1M
Net Receivables	78.0M	81.0M	82.2M	90.9M	78.6M	73.7M
Common Stock Shares Outstanding	33.1M	32.6M	32.3M	32.2M	31.6M	36.5M
Liabilities And Stockholders Equity	643.4M	626.0M	664.5M	748.5M	741.2M	469.8M
Non Current Liabilities Total	141.2M	97.4M	86.8M	129.7M	117.3M	93.2M
Inventory	42.2M	45.9M	49.5M	62.3M	60.0M	55.9M
Other Current Assets	17.0M	14.6M	15.9M	15.7M	16.9M	15.3M
Other Stockholder Equity	(320.8M)	(330.9M)	(338.8M)	(356.6M)	(398.9M)	(379.0M)
Total Liab	238.1M	202.4M	200.9M	242.3M	214.3M	192.5M
Property Plant And Equipment Gross	129.7M	120.7M	118.5M	120.0M	362.6M	380.7M
Total Current Assets	237.5M	233.2M	289.1M	325.8M	319.3M	214.0M
Accumulated Other Comprehensive Income	(91.7M)	(95.9M)	(4.5M)	(671K)	4.3M	4.5M
Short Term Debt	2.8M	6.6M	6.8M	7.9M	8.8M	17.0M
Intangible Assets	85.2M	79.1M	69.9M	108.1M	104.0M	109.2M
Accounts Payable	48.2M	50.5M	55.5M	53.2M	43.5M	51.8M
Common Stock Total Equity	307.9M	311.2M	314.6M	316.8M	364.3M	306.3M
Common Stock	307.9M	311.2M	314.6M	316.8M	319.3M	308.6M
Other Liab	16.5M	19.7M	15.5M	24.3M	28.0M	17.4M
Other Assets	84.9M	106.8M	77.2M	42.3M	38.1M	36.2M
Long Term Debt	50M	99.7M	54.6M	83.7M	67.5M	66.0M
Treasury Stock	(364.4M)	(372.5M)	(381.3M)	(402.8M)	(362.5M)	(380.6M)
Property Plant Equipment	105.0M	97.4M	118.5M	120.0M	108.0M	85.4M
Good Will	106.1M	109.5M	109.8M	152.4M	157.6M	165.5M
Current Deferred Revenue	2.9M	50.5M	54.7M	23.5M	2.2M	2.1M
Net Tangible Assets	213.9M	235.1M	283.9M	245.8M	282.7M	247.4M
Retained Earnings Total Equity	509.8M	539.3M	492.2M	546.7M	628.7M	480.2M
Short Term Investments	278K	576K	82K	1.6M	1.1M	1.2M
Long Term Debt Total	50M	99.7M	54.6M	83.7M	75.3M	64.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for CTS Stock Analysis

When running CTS's price analysis, check to measure CTS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CTS is operating at the current time. Most of CTS's value examination focuses on studying past and present price action to predict the probability of CTS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS's price. Additionally, you may evaluate how the addition of CTS to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC