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Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the Company, Cooper Standard, we, our or us ) is a leading manufacturer of sealing systems and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems). Our products are primarily designed for passenger vehicles and light trucks that are manufactured by global automotive original…
Operating margin is thin at 3.16%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.4%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 37% versus the prior year, cash generation momentum has weakened. Net debt of $1.02B represents 62.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.76B
▲ +0.4% YoY
Net Income (TTM)
-$39M
▲ +94.7% YoY
Op. Margin
3.07%
▲ +0.6pp YoY
ROIC
5.47%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$45M
▼ -37.2% YoY
Op. Cash Flow (TTM)
$10M
▼ -15.6% YoY
Net Debt
$1.14B
Cash & Equiv.
$118M
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