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Cooper-Standard Holdings Inc

Cooper-Standard Holdings Inc

CPS
$24.10USD↑+1.69%+0.40 today

MARKET CAP

428.2M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$24 – $25

52W RANGE

$23
$48

AI Summary

Stalk
Sell NowMedium

The stock remains in a Stage 4 decline with active lower highs and lower lows beneath declining EMAs; short-term price is being rejected at the 9- and 20-EMAs within neutral oscillators, signaling downside readiness; medium-term tradable side is bearish, favoring selling now; long-term uptrend remains intact but secondary to the near-term downtrend.

  • ↑Q2 FCF $16M vs. –$24M LY, highlighting strong cash generation.
  • ↑Secured $118M in Q2 new business, $246M YTD backlog growth.
  • ↓Net loss widened to $18.8M in Q2 vs. $1.4M loss LY.
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The case for & against

Bull & Bear analysis

Bullish

Cooper-Standard Holdings Inc. (NYSE: CPS) is a leading global supplier of systems and components for the automotive industry, specifically focusing on sealing and fluid handling products. The company is positioned in the expanding sectors of hybrid and electric vehicles, which aligns with the ongoing transition in the automotive industry. Cooper Standard maintains a competitive edge through innovation, operational efficiency, and strategic positioning in a complex automotive landscape characterized by evolving consumer preferences and material cost pressures.

Bull says

  • ↑Q2 FCF $16M vs. –$24M LY, highlighting strong cash generation.
  • ↑Secured $118M in Q2 new business, $246M YTD backlog growth.
  • ↑Liquidity of ~$300M supports strategic investments and operations.
  • ↑FlexiCore sealing tech cuts weight and boosts recyclability.
  • ↑Revenue up 2.2% YoY to $721.3M amid operational recoveries.
  • ↑High earnings yield and strong growth factor underpin upside.

Bear says

  • ↓Net loss widened to $18.8M in Q2 vs. $1.4M loss LY.
  • ↓Adjusted EBITDA fell to $53.9M from $62.8M, pressuring margins.
  • ↓Commodity inflation from oil prices limits cost recovery.
  • ↓OEMs scaling back EV models risks demand volatility.
  • ↓Negative profitability factor and high rate sensitivity risk returns.
  • ↓Low institutional interest may hamper liquidity and valuation.

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-04-2025neutral

Transcript signals

Bull points

  • On a U.S. GAAP basis, the net loss for the quarter was $31.7 million compared to a net loss of $130.4 million in the first quarter of 2023.
  • We ended the first quarter with a cash balance of approximately $114 million. Combined with $167 million of availability on our ABL, which remained undrawn, we had solid total liquidity of approximately $282 million as of March 31, 2024.
  • we are pleased to announce that we just signed an extension on our ABL through May of 2029. The agreement and extended term ensures that we have the flexibility we need to continue executing our plans and initiatives to improve the financial strength of the company, drive profitable growth and enhance value over the long term.

Bear points

  • First quarter 2024 sales were $676.4 million, a slight decrease of 0.9% compared to the first quarter of 2023, driven primarily by the divestiture of our technical rubber business in Europe during the third quarter of last year and a smaller divestiture of our stake in a joint venture in Asia.
  • Cash used in operating activities was approximately $14 million in the first quarter of 2024 as seasonal changes in working capital and the timing of compensation-related payments offset improved cash earnings.
  • We've identified opportunities to further optimize costs by eliminating redundancies, automating processes and leveraging technology. Beginning later this quarter, we'll be implementing a plan to reduce our salaried workforce globally. The actions are expected to save between $20 million and $25 million in 2024. And between $40 million and $45 million on a full year annualized basis next year.
Read full transcript analysis ›