Caesarstone Ltd. (CSTE) 10-Year Financial Performance & Capital Metrics

CSTE • • Industrial / General

IndustrialsConstructionBuilding Materials & ComponentsCeramic & Surface Products

AboutCaesarstone Ltd., together with its subsidiaries, develops, manufactures, and markets engineered quartz and other surfaces under the Caesarstone brand in the United States, Australia, Canada, Latin America, Asia, Israel, Europe, the Middle East, and Africa. The company's engineered quartz slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling construction end markets. Its products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, furniture, and other interior and exterior surfaces that are used in various residential and non-residential applications. The company also offers porcelain products under the Lioli brand for flooring and cladding applications, as well as resells natural stones, various ancillary fabrication tools, and installation accessories; and sells sinks and materials. It sells its products directly to fabricators, sub-distributors, and resellers; and through direct sales force and indirect network of independent distributors. The company was formerly known as Caesarstone Sdot Yam Ltd. and changed its name to Caesarstone Ltd. in June 2016. Caesarstone Ltd. was founded in 1987 and is headquartered in Menashe, Israel.Show more

Revenue $443M -21.6%
EBITDA -$25M +57.3%
Net Income -$43M +60.2%
EPS (Diluted) -1.13 +63.9%
Gross Margin 21.81% +34.1%
EBITDA Margin -5.58% +45.6%
Operating Margin -9.45% +39.3%
Net Margin -9.66% +49.3%
ROE -14.36% +49.9%
ROIC -8.19% +39.9%
Debt/Equity 0.50 +10.5%
Interest Coverage -10.10 +38.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Trading at only 0.3x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.09%

5Y-4.08%

3Y-11.71%

TTM-15.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-7.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1.5%

ROCE

10Y Avg3.46%

5Y Avg-5.63%

3Y Avg-11.94%

Latest-9.79%

Peer Comparison

Ceramic & Surface Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEHLAntelope Enterprise Holdings Limited	3.64M	1.39	-0.04	41.21%	-16.15%	-5.69%		0.26
CSTECaesarstone Ltd.	72.95M	2.11	-1.87	-21.59%	-18.44%	-32.17%	29.41%	0.50

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	499.51M	538.54M	588.15M	575.87M	545.97M	486.41M	643.89M	690.81M	565.23M	443.22M
Revenue Growth %	0.12%	0.08%	0.09%	-0.02%	-0.05%	-0.11%	0.32%	0.07%	-0.18%	-0.22%
Cost of Goods Sold+	299.29M	326.06M	390.92M	412.46M	397.33M	352.47M	472.39M	527.56M	473.29M	346.55M
COGS % of Revenue	0.6%	0.61%	0.66%	0.72%	0.73%	0.72%	0.73%	0.76%	0.84%	0.78%
Gross Profit+	200.22M	212.49M	197.22M	163.41M	148.64M	133.94M	171.5M	163.25M	91.94M	96.67M
Gross Margin %	0.4%	0.39%	0.34%	0.28%	0.27%	0.28%	0.27%	0.24%	0.16%	0.22%
Gross Profit Growth %	0.06%	0.06%	-0.07%	-0.17%	-0.09%	-0.1%	0.28%	-0.05%	-0.44%	0.05%
Operating Expenses+	99.19M	113.81M	131.88M	121.74M	123.96M	111.42M	144.07M	221.93M	179.97M	138.56M
OpEx % of Revenue	0.2%	0.21%	0.22%	0.21%	0.23%	0.23%	0.22%	0.32%	0.32%	0.31%
Selling, General & Admin	96.13M	110.52M	127.72M	118.11M	107.45M	101.13M	136.57M	146.01M	131.71M	125.36M
SG&A % of Revenue	0.19%	0.21%	0.22%	0.21%	0.2%	0.21%	0.21%	0.21%	0.23%	0.28%
Research & Development	3.05M	3.29M	4.16M	3.63M	4.15M	3.97M	4.22M	4.1M	5.09M	4.95M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	12.36M	6.32M	3.28M	71.83M	43.17M	8.25M
Operating Income+	96.39M	92.8M	40.54M	32.77M	24.68M	22.52M	27.43M	-58.69M	-88.03M	-41.89M
Operating Margin %	0.19%	0.17%	0.07%	0.06%	0.05%	0.05%	0.04%	-0.08%	-0.16%	-0.09%
Operating Income Growth %	0.01%	-0.04%	-0.56%	-0.19%	-0.25%	-0.09%	0.22%	-3.14%	-0.5%	0.52%
EBITDA+	118.72M	121.06M	70.47M	61.36M	53.27M	51.98M	62.84M	-22.34M	-58.02M	-24.75M
EBITDA Margin %	0.24%	0.22%	0.12%	0.11%	0.1%	0.11%	0.1%	-0.03%	-0.1%	-0.06%
EBITDA Growth %	0.06%	0.02%	-0.42%	-0.13%	-0.13%	-0.02%	0.21%	-1.36%	-1.6%	0.57%
D&A (Non-Cash Add-back)	22.33M	28.25M	29.93M	28.59M	28.59M	29.46M	35.41M	36.34M	30.01M	17.13M
EBIT	101.04M	98.67M	65.34M	43.77M	23.02M	16.63M	26.58M	-49.88M	-81.63M	-37.75M
Net Interest Income+	-3.35M	-3.74M	-3.09M	-2.7M	-2.89M	-3.44M	-6.18M	-5.42M	-3.75M	653K
Interest Income	77K	152K	1.03M	1.47M	1.02M	870K	554K	307K	1.58M	4.8M
Interest Expense	3.43M	3.9M	4.13M	4.18M	3.91M	4.31M	6.74M	5.73M	5.33M	4.15M
Other Income/Expense	-3.08M	-3.32M	-5.58M	-3.64M	-5.58M	-10.2M	-7.59M	3.08M	1.07M	-9K
Pretax Income+	93.3M	89.49M	34.96M	29.13M	19.11M	12.32M	19.84M	-55.61M	-86.96M	-41.9M
Pretax Margin %	0.19%	0.17%	0.06%	0.05%	0.03%	0.03%	0.03%	-0.08%	-0.15%	-0.09%
Income Tax+	13.84M	13M	7.4M	4.56M	6.24M	4.7M	1.95M	758K	21.28M	1.08M
Effective Tax Rate %	0.83%	0.83%	0.75%	0.84%	0.67%	0.59%	0.96%	1.03%	1.24%	1.02%
Net Income+	77.77M	74.6M	26.2M	24.41M	12.86M	7.22M	18.97M	-57.05M	-107.66M	-42.83M
Net Margin %	0.16%	0.14%	0.04%	0.04%	0.02%	0.01%	0.03%	-0.08%	-0.19%	-0.1%
Net Income Growth %	-0.01%	-0.04%	-0.65%	-0.07%	-0.47%	-0.44%	1.63%	-4.01%	-0.89%	0.6%
Net Income (Continuing)	79.46M	76.48M	27.56M	24.57M	12.86M	7.62M	17.89M	-56.37M	-108.24M	-42.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	8.84M	10.69M	16.48M	-5.59M	-5.59M	2.11M	2.28M	2.32M	2.2M	-3.39M
EPS (Diluted)+	2.19	2.08	0.73	0.71	0.37	0.21	0.55	-1.63	-3.13	-1.13
EPS Growth %	-0.01%	-0.05%	-0.65%	-0.03%	-0.48%	-0.43%	1.62%	-3.96%	-0.92%	0.64%
EPS (Basic)	2.21	2.08	0.73	0.71	0.37	0.21	0.55	-1.63	-3.13	-1.13
Diluted Shares Outstanding	35.46M	34.76M	34.39M	34.41M	34.46M	34.47M	34.57M	34.49M	34.52M	34.54M
Basic Shares Outstanding	35.25M	34.71M	34.33M	34.36M	34.38M	34.42M	34.46M	34.49M	34.52M	34.54M
Dividend Payout Ratio	-	-	-	0.83%	0.4%	0.67%	0.56%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	249.7M	310.3M	377.97M	350.1M	374.41M	385.74M	408.53M	407.86M	319.95M	348.48M
Cash & Short-Term Investments	62.81M	106.27M	138.71M	93.56M	139.37M	122.36M	85.54M	59.16M	91.12M	106.34M
Cash Only	62.81M	106.27M	138.71M	93.56M	139.37M	114.25M	74.31M	52.08M	54.62M	57.34M
Short-Term Investments	0	0	0	0	0	8.11M	11.23M	7.08M	36.5M	49M
Accounts Receivable	59.19M	63.07M	73.27M	72.56M	104.09M	100.89M	104.93M	100.34M	83.35M	87.07M
Days Sales Outstanding	43.25	42.75	45.47	45.99	69.59	75.71	59.48	53.02	53.82	71.7
Inventory	95.48M	101.47M	132.94M	158.49M	122.69M	152.07M	204.72M	238.23M	136.45M	112.61M
Days Inventory Outstanding	116.44	113.59	124.12	140.26	112.7	157.48	158.18	164.82	105.23	118.61
Other Current Assets	30.47M	36.38M	30.19M	22.98M	62K	0	1.9M	371K	539K	33.26M
Total Non-Current Assets+	280.04M	274.4M	275.02M	266.82M	329.46M	435.19M	459.13M	345.12M	259.91M	200.56M
Property, Plant & Equipment	225.44M	222.82M	216.65M	213.34M	276.82M	346.81M	375.8M	313.39M	243.64M	191.12M
Fixed Asset Turnover	2.22x	2.42x	2.71x	2.70x	1.97x	1.40x	1.71x	2.20x	2.32x	2.32x
Goodwill	35.82M	35.66M	37.03M	35.28M	35.22M	47.47M	45.8M	0	0	0
Intangible Assets	6.88M	4.55M	2.24M	0	0	12.1M	9.63M	8.82M	6.26M	264K
Long-Term Investments	6.62M	5.07M	15.13M	5.43M	0	10.93M	8.65M	0	0	0
Other Non-Current Assets	18.78M	15.93M	2.24M	6.39M	9.54M	9.52M	8.37M	6.67M	6.96M	6.28M
Total Assets+	529.74M	584.7M	652.99M	616.92M	703.87M	820.92M	867.65M	752.98M	579.86M	549.04M
Asset Turnover	0.94x	0.92x	0.90x	0.93x	0.78x	0.59x	0.74x	0.92x	0.97x	0.81x
Asset Growth %	0.21%	0.1%	0.12%	-0.06%	0.14%	0.17%	0.06%	-0.13%	-0.23%	-0.05%
Total Current Liabilities+	80.86M	93.34M	127.46M	111.06M	126.37M	157.01M	183.29M	164.98M	121.22M	151.69M
Accounts Payable	46.38M	48.63M	64.02M	55.79M	53.07M	55.06M	81.37M	62.19M	42.85M	52.84M
Days Payables Outstanding	56.57	54.44	59.78	49.37	48.75	57.02	62.87	43.03	33.04	55.65
Short-Term Debt	6.49M	11.64M	7.65M	10.47M	2.21M	15.34M	14.8M	26.42M	5.38M	4.76M
Deferred Revenue (Current)	574K	1000K	356K	666K	377K	959K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.16M	16.6M	34.63M	21.98M	31.05M	47.09M	26.64M	20.38M	18.14M	43.96M
Current Ratio	3.09x	3.32x	2.97x	3.15x	2.96x	2.46x	2.23x	2.47x	2.64x	2.30x
Quick Ratio	1.91x	2.24x	1.92x	1.73x	1.99x	1.49x	1.11x	1.03x	1.51x	1.55x
Cash Conversion Cycle	103.12	101.9	109.82	136.87	133.54	176.17	154.8	174.81	126	134.66
Total Non-Current Liabilities+	39.82M	40.77M	39.15M	39.36M	99.78M	168.85M	182.19M	159.05M	135.78M	123.57M
Long-Term Debt	8.47M	8.07M	8.34M	7.09M	7.92M	20.71M	6.24M	4.82M	2.55M	444K
Capital Lease Obligations	-5.24M	-5.25M	-6.71M	0	64.64M	112.72M	143.32M	124.35M	114.15M	107.31M
Deferred Tax Liabilities	14.77M	14.92M	657K	9.11M	0	6.94M	4.99M	4.29M	3.01M	2.44M
Other Non-Current Liabilities	11.34M	12.53M	23.45M	32.27M	27.22M	21.91M	27.64M	25.58M	16.08M	13.37M
Total Liabilities	120.68M	134.11M	166.61M	150.42M	226.14M	325.87M	365.49M	324.03M	257.01M	275.26M
Total Debt+	14.21M	19.71M	15.99M	17.56M	86.09M	167.62M	187.13M	178.34M	146M	136.86M
Net Debt	-48.6M	-86.56M	-122.72M	-76M	-53.28M	53.37M	112.82M	126.25M	91.38M	79.52M
Debt / Equity	0.03x	0.04x	0.03x	0.04x	0.18x	0.34x	0.37x	0.42x	0.45x	0.50x
Debt / EBITDA	0.12x	0.16x	0.23x	0.29x	1.62x	3.22x	2.98x	-	-	-
Net Debt / EBITDA	-0.41x	-0.72x	-1.74x	-1.24x	-1.00x	1.03x	1.80x	-	-	-
Interest Coverage	28.08x	23.83x	9.83x	7.85x	6.31x	5.23x	4.07x	-10.25x	-16.50x	-10.10x
Total Equity+	409.06M	450.59M	486.38M	466.5M	477.72M	495.05M	502.16M	428.95M	322.85M	273.79M
Equity Growth %	0.24%	0.1%	0.08%	-0.04%	0.02%	0.04%	0.01%	-0.15%	-0.25%	-0.15%
Book Value per Share	11.53	12.96	14.14	13.56	13.86	14.36	14.53	12.44	9.35	7.93
Total Shareholders' Equity	400.22M	439.9M	469.89M	472.09M	483.31M	492.94M	499.88M	426.63M	320.65M	277.17M
Common Stock	370K	360K	371K	371K	371K	371K	371K	371K	371K	371K
Retained Earnings	258.98M	333.57M	356.39M	360.73M	368.43M	370.83M	377.72M	311.84M	203.65M	164.6M
Treasury Stock	0	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M
Accumulated OCI	-1.89M	-1.15M	683K	-3.18M	-3.29M	1.08M	-704K	-9.58M	-8.4M	-14.87M
Minority Interest	8.84M	10.69M	16.48M	-5.59M	-5.59M	2.11M	2.28M	2.32M	2.2M	-3.39M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	85.66M	101.52M	61.02M	14.69M	83.05M	47.62M	20.68M	-23.31M	66.53M	31.87M
Operating CF Margin %	0.17%	0.19%	0.1%	0.03%	0.15%	0.1%	0.03%	-0.03%	0.12%	0.07%
Operating CF Growth %	0.13%	0.19%	-0.4%	-0.76%	4.65%	-0.43%	-0.57%	-2.13%	3.85%	-0.52%
Net Income	79.46M	76.48M	27.56M	24.57M	12.86M	7.62M	17.89M	-56.37M	-108.24M	-42.98M
Depreciation & Amortization	22.33M	28.25M	29.93M	28.59M	28.59M	29.46M	35.41M	36.34M	30.01M	17.13M
Stock-Based Compensation	2.29M	3.07M	5.28M	1.68M	3.63M	2.86M	1.85M	1.5M	1.02M	2.04M
Deferred Taxes	7.05M	-963K	-6.38M	-3.06M	326K	0	0	0	0	0
Other Non-Cash Items	-1.86M	6.98M	31.95M	11.65M	12.11M	6.81M	3.52M	72.19M	43.25M	9.57M
Working Capital Changes	-23.62M	-12.3M	-27.32M	-48.73M	25.53M	872K	-37.98M	-76.98M	100.49M	46.1M
Change in Receivables	-2.97M	-4.18M	-7.57M	-2.64M	-5.03M	15.39M	-8.22M	6.26M	19.91M	25.61M
Change in Inventory	-15.27M	-5.38M	-27.83M	-30.61M	35.3M	313K	-54.19M	-40.88M	101.55M	20.13M
Change in Payables	-8.66M	1.42M	13.85M	-16.22M	-6.66M	-17.94M	28.28M	-21.03M	-29.46M	8.95M
Cash from Investing+	-77.72M	-23.37M	-22.77M	-41.27M	-23.59M	-68.31M	-34.88M	-7.29M	-40.53M	-24.36M
Capital Expenditures	-76.5M	-22.94M	-22.68M	-20.96M	-23.59M	-19.82M	-31.48M	-17.8M	-11.17M	-10.42M
CapEx % of Revenue	0.15%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.23M	-430K	-91K	-191K	3K	-334K	-99K	12K	177K	67K
Cash from Financing+	2.15M	-35.62M	-6.27M	-18.24M	-14.13M	-6.08M	-25.25M	9.16M	-23.78M	-3.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-243K	0	-20.27M	-5.16M	-4.82M	-10.68M	-8.63M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-243K	0	-21.1M	0	0	-1.49M	-859K	-511K	-500K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.17M	78.58M	38.34M	-6.27M	59.46M	27.79M	-10.79M	-41.11M	55.36M	21.45M
FCF Margin %	0.02%	0.15%	0.07%	-0.01%	0.11%	0.06%	-0.02%	-0.06%	0.1%	0.05%
FCF Growth %	1.89%	7.57%	-0.51%	-1.16%	10.48%	-0.53%	-1.39%	-2.81%	2.35%	-0.61%
FCF per Share	0.26	2.26	1.12	-0.18	1.73	0.81	-0.31	-1.19	1.60	0.62
FCF Conversion (FCF/Net Income)	1.10x	1.36x	2.33x	0.60x	6.46x	6.60x	1.09x	0.41x	-0.62x	-0.74x
Interest Paid	180K	210K	259K	361K	0	0	1.92M	1.16M	716K	548K
Taxes Paid	16.37M	17.68M	23.45M	13.91M	10.15M	3.68M	7.38M	4.97M	1.85M	3.12M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.05%	17.35%	5.59%	5.12%	2.72%	1.48%	3.8%	-12.26%	-28.64%	-14.36%
Return on Invested Capital (ROIC)	22.33%	19.21%	8.36%	6.52%	4.54%	3.47%	3.54%	-7.52%	-13.62%	-8.19%
Gross Margin	40.08%	39.46%	33.53%	28.38%	27.22%	27.54%	26.63%	23.63%	16.27%	21.81%
Net Margin	15.57%	13.85%	4.46%	4.24%	2.36%	1.48%	2.95%	-8.26%	-19.05%	-9.66%
Debt / Equity	0.03x	0.04x	0.03x	0.04x	0.18x	0.34x	0.37x	0.42x	0.45x	0.50x
Interest Coverage	28.08x	23.83x	9.83x	7.85x	6.31x	5.23x	4.07x	-10.25x	-16.50x	-10.10x
FCF Conversion	1.10x	1.36x	2.33x	0.60x	6.46x	6.60x	1.09x	0.41x	-0.62x	-0.74x
Revenue Growth	11.65%	7.81%	9.21%	-2.09%	-5.19%	-10.91%	32.38%	7.29%	-18.18%	-21.59%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
USA	-	-	-	239.24M	250.47M	207.5M	305.35M	342.29M	271.65M	219.56M
USA Growth	-	-	-	-	4.69%	-17.16%	47.16%	12.10%	-20.64%	-19.17%
Australia	110.29M	130.91M	137.56M	131.09M	108.15M	103.59M	118.71M	116.28M	106.22M	75.39M
Australia Growth	-	18.70%	5.08%	-4.71%	-17.50%	-4.22%	14.60%	-2.05%	-8.65%	-29.03%
Canada	70.74M	85.74M	97.84M	99.68M	85.97M	72.49M	84.47M	93.38M	75.46M	61.75M
Canada Growth	-	21.21%	14.11%	1.88%	-13.75%	-15.68%	16.52%	10.55%	-19.19%	-18.17%
EMEA	-	-	-	-	-	45.2M	60.84M	63.32M	59.91M	47.12M
EMEA Growth	-	-	-	-	-	-	34.59%	4.08%	-5.39%	-21.34%
Asia	-	-	-	-	-	14.57M	30.39M	34.61M	25.96M	20.58M
Asia Growth	-	-	-	-	-	-	108.64%	13.88%	-24.99%	-20.73%
ISRAEL	-	-	-	-	-	-	39.43M	36.44M	22.75M	17.43M
ISRAEL Growth	-	-	-	-	-	-	-	-7.57%	-37.58%	-23.35%
Latin America	-	-	-	-	-	2.15M	4.7M	4.48M	3.29M	1.39M
Latin America Growth	-	-	-	-	-	-	118.80%	-4.70%	-26.69%	-57.63%
Israel	39.65M	-	-	-	-	40.92M	-	-	-	-
Israel Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	25.61M	28.68M	34.46M	37.76M	-	-	-	-	-
Europe Growth	-	-	12.00%	20.15%	9.57%	-	-	-	-	-
United States	223.34M	222.6M	245.36M	-	-	-	-	-	-	-
United States Growth	-	-0.33%	10.23%	-	-	-	-	-	-	-
ILS	-	42.55M	44.49M	-	-	-	-	-	-	-
ILS Growth	-	-	4.57%	-	-	-	-	-	-	-
World	-	31.14M	34.22M	-	-	-	-	-	-	-
World Growth	-	-	9.88%	-	-	-	-	-	-	-
Other Countries	31.55M	-	-	-	-	-	-	-	-	-
Other Countries Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Caesarstone Ltd. (CSTE) reported $400.7M in revenue for fiscal year 2024. This represents a 54% increase from $259.7M in 2011.

Caesarstone Ltd. (CSTE) saw revenue decline by 21.6% over the past year.

Caesarstone Ltd. (CSTE) reported a net loss of $73.9M for fiscal year 2024.

Dividend & Returns

Caesarstone Ltd. (CSTE) has a return on equity (ROE) of -14.4%. Negative ROE indicates the company is unprofitable.

Caesarstone Ltd. (CSTE) had negative free cash flow of $41.3M in fiscal year 2024, likely due to heavy capital investments.

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Caesarstone Ltd. (CSTE) 10-Year Financial Performance & Capital Metrics

CSTE • • Industrial / General

IndustrialsConstructionBuilding Materials & ComponentsCeramic & Surface Products

Revenue $443M -21.6%
EBITDA -$25M +57.3%
Net Income -$43M +60.2%
EPS (Diluted) -1.13 +63.9%
Gross Margin 21.81% +34.1%
EBITDA Margin -5.58% +45.6%
Operating Margin -9.45% +39.3%
Net Margin -9.66% +49.3%
ROE -14.36% +49.9%
ROIC -8.19% +39.9%
Debt/Equity 0.50 +10.5%
Interest Coverage -10.10 +38.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Trading at only 0.3x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.09%

5Y-4.08%

3Y-11.71%

TTM-15.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-7.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1.5%

ROCE

10Y Avg3.46%

5Y Avg-5.63%

3Y Avg-11.94%

Latest-9.79%

Peer Comparison

Ceramic & Surface Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEHLAntelope Enterprise Holdings Limited	3.64M	1.39	-0.04	41.21%	-16.15%	-5.69%		0.26
CSTECaesarstone Ltd.	72.95M	2.11	-1.87	-21.59%	-18.44%	-32.17%	29.41%	0.50

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	499.51M	538.54M	588.15M	575.87M	545.97M	486.41M	643.89M	690.81M	565.23M	443.22M
Revenue Growth %	0.12%	0.08%	0.09%	-0.02%	-0.05%	-0.11%	0.32%	0.07%	-0.18%	-0.22%
Cost of Goods Sold+	299.29M	326.06M	390.92M	412.46M	397.33M	352.47M	472.39M	527.56M	473.29M	346.55M
COGS % of Revenue	0.6%	0.61%	0.66%	0.72%	0.73%	0.72%	0.73%	0.76%	0.84%	0.78%
Gross Profit+	200.22M	212.49M	197.22M	163.41M	148.64M	133.94M	171.5M	163.25M	91.94M	96.67M
Gross Margin %	0.4%	0.39%	0.34%	0.28%	0.27%	0.28%	0.27%	0.24%	0.16%	0.22%
Gross Profit Growth %	0.06%	0.06%	-0.07%	-0.17%	-0.09%	-0.1%	0.28%	-0.05%	-0.44%	0.05%
Operating Expenses+	99.19M	113.81M	131.88M	121.74M	123.96M	111.42M	144.07M	221.93M	179.97M	138.56M
OpEx % of Revenue	0.2%	0.21%	0.22%	0.21%	0.23%	0.23%	0.22%	0.32%	0.32%	0.31%
Selling, General & Admin	96.13M	110.52M	127.72M	118.11M	107.45M	101.13M	136.57M	146.01M	131.71M	125.36M
SG&A % of Revenue	0.19%	0.21%	0.22%	0.21%	0.2%	0.21%	0.21%	0.21%	0.23%	0.28%
Research & Development	3.05M	3.29M	4.16M	3.63M	4.15M	3.97M	4.22M	4.1M	5.09M	4.95M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	12.36M	6.32M	3.28M	71.83M	43.17M	8.25M
Operating Income+	96.39M	92.8M	40.54M	32.77M	24.68M	22.52M	27.43M	-58.69M	-88.03M	-41.89M
Operating Margin %	0.19%	0.17%	0.07%	0.06%	0.05%	0.05%	0.04%	-0.08%	-0.16%	-0.09%
Operating Income Growth %	0.01%	-0.04%	-0.56%	-0.19%	-0.25%	-0.09%	0.22%	-3.14%	-0.5%	0.52%
EBITDA+	118.72M	121.06M	70.47M	61.36M	53.27M	51.98M	62.84M	-22.34M	-58.02M	-24.75M
EBITDA Margin %	0.24%	0.22%	0.12%	0.11%	0.1%	0.11%	0.1%	-0.03%	-0.1%	-0.06%
EBITDA Growth %	0.06%	0.02%	-0.42%	-0.13%	-0.13%	-0.02%	0.21%	-1.36%	-1.6%	0.57%
D&A (Non-Cash Add-back)	22.33M	28.25M	29.93M	28.59M	28.59M	29.46M	35.41M	36.34M	30.01M	17.13M
EBIT	101.04M	98.67M	65.34M	43.77M	23.02M	16.63M	26.58M	-49.88M	-81.63M	-37.75M
Net Interest Income+	-3.35M	-3.74M	-3.09M	-2.7M	-2.89M	-3.44M	-6.18M	-5.42M	-3.75M	653K
Interest Income	77K	152K	1.03M	1.47M	1.02M	870K	554K	307K	1.58M	4.8M
Interest Expense	3.43M	3.9M	4.13M	4.18M	3.91M	4.31M	6.74M	5.73M	5.33M	4.15M
Other Income/Expense	-3.08M	-3.32M	-5.58M	-3.64M	-5.58M	-10.2M	-7.59M	3.08M	1.07M	-9K
Pretax Income+	93.3M	89.49M	34.96M	29.13M	19.11M	12.32M	19.84M	-55.61M	-86.96M	-41.9M
Pretax Margin %	0.19%	0.17%	0.06%	0.05%	0.03%	0.03%	0.03%	-0.08%	-0.15%	-0.09%
Income Tax+	13.84M	13M	7.4M	4.56M	6.24M	4.7M	1.95M	758K	21.28M	1.08M
Effective Tax Rate %	0.83%	0.83%	0.75%	0.84%	0.67%	0.59%	0.96%	1.03%	1.24%	1.02%
Net Income+	77.77M	74.6M	26.2M	24.41M	12.86M	7.22M	18.97M	-57.05M	-107.66M	-42.83M
Net Margin %	0.16%	0.14%	0.04%	0.04%	0.02%	0.01%	0.03%	-0.08%	-0.19%	-0.1%
Net Income Growth %	-0.01%	-0.04%	-0.65%	-0.07%	-0.47%	-0.44%	1.63%	-4.01%	-0.89%	0.6%
Net Income (Continuing)	79.46M	76.48M	27.56M	24.57M	12.86M	7.62M	17.89M	-56.37M	-108.24M	-42.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	8.84M	10.69M	16.48M	-5.59M	-5.59M	2.11M	2.28M	2.32M	2.2M	-3.39M
EPS (Diluted)+	2.19	2.08	0.73	0.71	0.37	0.21	0.55	-1.63	-3.13	-1.13
EPS Growth %	-0.01%	-0.05%	-0.65%	-0.03%	-0.48%	-0.43%	1.62%	-3.96%	-0.92%	0.64%
EPS (Basic)	2.21	2.08	0.73	0.71	0.37	0.21	0.55	-1.63	-3.13	-1.13
Diluted Shares Outstanding	35.46M	34.76M	34.39M	34.41M	34.46M	34.47M	34.57M	34.49M	34.52M	34.54M
Basic Shares Outstanding	35.25M	34.71M	34.33M	34.36M	34.38M	34.42M	34.46M	34.49M	34.52M	34.54M
Dividend Payout Ratio	-	-	-	0.83%	0.4%	0.67%	0.56%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	249.7M	310.3M	377.97M	350.1M	374.41M	385.74M	408.53M	407.86M	319.95M	348.48M
Cash & Short-Term Investments	62.81M	106.27M	138.71M	93.56M	139.37M	122.36M	85.54M	59.16M	91.12M	106.34M
Cash Only	62.81M	106.27M	138.71M	93.56M	139.37M	114.25M	74.31M	52.08M	54.62M	57.34M
Short-Term Investments	0	0	0	0	0	8.11M	11.23M	7.08M	36.5M	49M
Accounts Receivable	59.19M	63.07M	73.27M	72.56M	104.09M	100.89M	104.93M	100.34M	83.35M	87.07M
Days Sales Outstanding	43.25	42.75	45.47	45.99	69.59	75.71	59.48	53.02	53.82	71.7
Inventory	95.48M	101.47M	132.94M	158.49M	122.69M	152.07M	204.72M	238.23M	136.45M	112.61M
Days Inventory Outstanding	116.44	113.59	124.12	140.26	112.7	157.48	158.18	164.82	105.23	118.61
Other Current Assets	30.47M	36.38M	30.19M	22.98M	62K	0	1.9M	371K	539K	33.26M
Total Non-Current Assets+	280.04M	274.4M	275.02M	266.82M	329.46M	435.19M	459.13M	345.12M	259.91M	200.56M
Property, Plant & Equipment	225.44M	222.82M	216.65M	213.34M	276.82M	346.81M	375.8M	313.39M	243.64M	191.12M
Fixed Asset Turnover	2.22x	2.42x	2.71x	2.70x	1.97x	1.40x	1.71x	2.20x	2.32x	2.32x
Goodwill	35.82M	35.66M	37.03M	35.28M	35.22M	47.47M	45.8M	0	0	0
Intangible Assets	6.88M	4.55M	2.24M	0	0	12.1M	9.63M	8.82M	6.26M	264K
Long-Term Investments	6.62M	5.07M	15.13M	5.43M	0	10.93M	8.65M	0	0	0
Other Non-Current Assets	18.78M	15.93M	2.24M	6.39M	9.54M	9.52M	8.37M	6.67M	6.96M	6.28M
Total Assets+	529.74M	584.7M	652.99M	616.92M	703.87M	820.92M	867.65M	752.98M	579.86M	549.04M
Asset Turnover	0.94x	0.92x	0.90x	0.93x	0.78x	0.59x	0.74x	0.92x	0.97x	0.81x
Asset Growth %	0.21%	0.1%	0.12%	-0.06%	0.14%	0.17%	0.06%	-0.13%	-0.23%	-0.05%
Total Current Liabilities+	80.86M	93.34M	127.46M	111.06M	126.37M	157.01M	183.29M	164.98M	121.22M	151.69M
Accounts Payable	46.38M	48.63M	64.02M	55.79M	53.07M	55.06M	81.37M	62.19M	42.85M	52.84M
Days Payables Outstanding	56.57	54.44	59.78	49.37	48.75	57.02	62.87	43.03	33.04	55.65
Short-Term Debt	6.49M	11.64M	7.65M	10.47M	2.21M	15.34M	14.8M	26.42M	5.38M	4.76M
Deferred Revenue (Current)	574K	1000K	356K	666K	377K	959K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.16M	16.6M	34.63M	21.98M	31.05M	47.09M	26.64M	20.38M	18.14M	43.96M
Current Ratio	3.09x	3.32x	2.97x	3.15x	2.96x	2.46x	2.23x	2.47x	2.64x	2.30x
Quick Ratio	1.91x	2.24x	1.92x	1.73x	1.99x	1.49x	1.11x	1.03x	1.51x	1.55x
Cash Conversion Cycle	103.12	101.9	109.82	136.87	133.54	176.17	154.8	174.81	126	134.66
Total Non-Current Liabilities+	39.82M	40.77M	39.15M	39.36M	99.78M	168.85M	182.19M	159.05M	135.78M	123.57M
Long-Term Debt	8.47M	8.07M	8.34M	7.09M	7.92M	20.71M	6.24M	4.82M	2.55M	444K
Capital Lease Obligations	-5.24M	-5.25M	-6.71M	0	64.64M	112.72M	143.32M	124.35M	114.15M	107.31M
Deferred Tax Liabilities	14.77M	14.92M	657K	9.11M	0	6.94M	4.99M	4.29M	3.01M	2.44M
Other Non-Current Liabilities	11.34M	12.53M	23.45M	32.27M	27.22M	21.91M	27.64M	25.58M	16.08M	13.37M
Total Liabilities	120.68M	134.11M	166.61M	150.42M	226.14M	325.87M	365.49M	324.03M	257.01M	275.26M
Total Debt+	14.21M	19.71M	15.99M	17.56M	86.09M	167.62M	187.13M	178.34M	146M	136.86M
Net Debt	-48.6M	-86.56M	-122.72M	-76M	-53.28M	53.37M	112.82M	126.25M	91.38M	79.52M
Debt / Equity	0.03x	0.04x	0.03x	0.04x	0.18x	0.34x	0.37x	0.42x	0.45x	0.50x
Debt / EBITDA	0.12x	0.16x	0.23x	0.29x	1.62x	3.22x	2.98x	-	-	-
Net Debt / EBITDA	-0.41x	-0.72x	-1.74x	-1.24x	-1.00x	1.03x	1.80x	-	-	-
Interest Coverage	28.08x	23.83x	9.83x	7.85x	6.31x	5.23x	4.07x	-10.25x	-16.50x	-10.10x
Total Equity+	409.06M	450.59M	486.38M	466.5M	477.72M	495.05M	502.16M	428.95M	322.85M	273.79M
Equity Growth %	0.24%	0.1%	0.08%	-0.04%	0.02%	0.04%	0.01%	-0.15%	-0.25%	-0.15%
Book Value per Share	11.53	12.96	14.14	13.56	13.86	14.36	14.53	12.44	9.35	7.93
Total Shareholders' Equity	400.22M	439.9M	469.89M	472.09M	483.31M	492.94M	499.88M	426.63M	320.65M	277.17M
Common Stock	370K	360K	371K	371K	371K	371K	371K	371K	371K	371K
Retained Earnings	258.98M	333.57M	356.39M	360.73M	368.43M	370.83M	377.72M	311.84M	203.65M	164.6M
Treasury Stock	0	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M	-39.43M
Accumulated OCI	-1.89M	-1.15M	683K	-3.18M	-3.29M	1.08M	-704K	-9.58M	-8.4M	-14.87M
Minority Interest	8.84M	10.69M	16.48M	-5.59M	-5.59M	2.11M	2.28M	2.32M	2.2M	-3.39M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	85.66M	101.52M	61.02M	14.69M	83.05M	47.62M	20.68M	-23.31M	66.53M	31.87M
Operating CF Margin %	0.17%	0.19%	0.1%	0.03%	0.15%	0.1%	0.03%	-0.03%	0.12%	0.07%
Operating CF Growth %	0.13%	0.19%	-0.4%	-0.76%	4.65%	-0.43%	-0.57%	-2.13%	3.85%	-0.52%
Net Income	79.46M	76.48M	27.56M	24.57M	12.86M	7.62M	17.89M	-56.37M	-108.24M	-42.98M
Depreciation & Amortization	22.33M	28.25M	29.93M	28.59M	28.59M	29.46M	35.41M	36.34M	30.01M	17.13M
Stock-Based Compensation	2.29M	3.07M	5.28M	1.68M	3.63M	2.86M	1.85M	1.5M	1.02M	2.04M
Deferred Taxes	7.05M	-963K	-6.38M	-3.06M	326K	0	0	0	0	0
Other Non-Cash Items	-1.86M	6.98M	31.95M	11.65M	12.11M	6.81M	3.52M	72.19M	43.25M	9.57M
Working Capital Changes	-23.62M	-12.3M	-27.32M	-48.73M	25.53M	872K	-37.98M	-76.98M	100.49M	46.1M
Change in Receivables	-2.97M	-4.18M	-7.57M	-2.64M	-5.03M	15.39M	-8.22M	6.26M	19.91M	25.61M
Change in Inventory	-15.27M	-5.38M	-27.83M	-30.61M	35.3M	313K	-54.19M	-40.88M	101.55M	20.13M
Change in Payables	-8.66M	1.42M	13.85M	-16.22M	-6.66M	-17.94M	28.28M	-21.03M	-29.46M	8.95M
Cash from Investing+	-77.72M	-23.37M	-22.77M	-41.27M	-23.59M	-68.31M	-34.88M	-7.29M	-40.53M	-24.36M
Capital Expenditures	-76.5M	-22.94M	-22.68M	-20.96M	-23.59M	-19.82M	-31.48M	-17.8M	-11.17M	-10.42M
CapEx % of Revenue	0.15%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.23M	-430K	-91K	-191K	3K	-334K	-99K	12K	177K	67K
Cash from Financing+	2.15M	-35.62M	-6.27M	-18.24M	-14.13M	-6.08M	-25.25M	9.16M	-23.78M	-3.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-243K	0	-20.27M	-5.16M	-4.82M	-10.68M	-8.63M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-243K	0	-21.1M	0	0	-1.49M	-859K	-511K	-500K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.17M	78.58M	38.34M	-6.27M	59.46M	27.79M	-10.79M	-41.11M	55.36M	21.45M
FCF Margin %	0.02%	0.15%	0.07%	-0.01%	0.11%	0.06%	-0.02%	-0.06%	0.1%	0.05%
FCF Growth %	1.89%	7.57%	-0.51%	-1.16%	10.48%	-0.53%	-1.39%	-2.81%	2.35%	-0.61%
FCF per Share	0.26	2.26	1.12	-0.18	1.73	0.81	-0.31	-1.19	1.60	0.62
FCF Conversion (FCF/Net Income)	1.10x	1.36x	2.33x	0.60x	6.46x	6.60x	1.09x	0.41x	-0.62x	-0.74x
Interest Paid	180K	210K	259K	361K	0	0	1.92M	1.16M	716K	548K
Taxes Paid	16.37M	17.68M	23.45M	13.91M	10.15M	3.68M	7.38M	4.97M	1.85M	3.12M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.05%	17.35%	5.59%	5.12%	2.72%	1.48%	3.8%	-12.26%	-28.64%	-14.36%
Return on Invested Capital (ROIC)	22.33%	19.21%	8.36%	6.52%	4.54%	3.47%	3.54%	-7.52%	-13.62%	-8.19%
Gross Margin	40.08%	39.46%	33.53%	28.38%	27.22%	27.54%	26.63%	23.63%	16.27%	21.81%
Net Margin	15.57%	13.85%	4.46%	4.24%	2.36%	1.48%	2.95%	-8.26%	-19.05%	-9.66%
Debt / Equity	0.03x	0.04x	0.03x	0.04x	0.18x	0.34x	0.37x	0.42x	0.45x	0.50x
Interest Coverage	28.08x	23.83x	9.83x	7.85x	6.31x	5.23x	4.07x	-10.25x	-16.50x	-10.10x
FCF Conversion	1.10x	1.36x	2.33x	0.60x	6.46x	6.60x	1.09x	0.41x	-0.62x	-0.74x
Revenue Growth	11.65%	7.81%	9.21%	-2.09%	-5.19%	-10.91%	32.38%	7.29%	-18.18%	-21.59%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
USA	-	-	-	239.24M	250.47M	207.5M	305.35M	342.29M	271.65M	219.56M
USA Growth	-	-	-	-	4.69%	-17.16%	47.16%	12.10%	-20.64%	-19.17%
Australia	110.29M	130.91M	137.56M	131.09M	108.15M	103.59M	118.71M	116.28M	106.22M	75.39M
Australia Growth	-	18.70%	5.08%	-4.71%	-17.50%	-4.22%	14.60%	-2.05%	-8.65%	-29.03%
Canada	70.74M	85.74M	97.84M	99.68M	85.97M	72.49M	84.47M	93.38M	75.46M	61.75M
Canada Growth	-	21.21%	14.11%	1.88%	-13.75%	-15.68%	16.52%	10.55%	-19.19%	-18.17%
EMEA	-	-	-	-	-	45.2M	60.84M	63.32M	59.91M	47.12M
EMEA Growth	-	-	-	-	-	-	34.59%	4.08%	-5.39%	-21.34%
Asia	-	-	-	-	-	14.57M	30.39M	34.61M	25.96M	20.58M
Asia Growth	-	-	-	-	-	-	108.64%	13.88%	-24.99%	-20.73%
ISRAEL	-	-	-	-	-	-	39.43M	36.44M	22.75M	17.43M
ISRAEL Growth	-	-	-	-	-	-	-	-7.57%	-37.58%	-23.35%
Latin America	-	-	-	-	-	2.15M	4.7M	4.48M	3.29M	1.39M
Latin America Growth	-	-	-	-	-	-	118.80%	-4.70%	-26.69%	-57.63%
Israel	39.65M	-	-	-	-	40.92M	-	-	-	-
Israel Growth	-	-	-	-	-	-	-	-	-	-
Europe	-	25.61M	28.68M	34.46M	37.76M	-	-	-	-	-
Europe Growth	-	-	12.00%	20.15%	9.57%	-	-	-	-	-
United States	223.34M	222.6M	245.36M	-	-	-	-	-	-	-
United States Growth	-	-0.33%	10.23%	-	-	-	-	-	-	-
ILS	-	42.55M	44.49M	-	-	-	-	-	-	-
ILS Growth	-	-	4.57%	-	-	-	-	-	-	-
World	-	31.14M	34.22M	-	-	-	-	-	-	-
World Growth	-	-	9.88%	-	-	-	-	-	-	-
Other Countries	31.55M	-	-	-	-	-	-	-	-	-
Other Countries Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Caesarstone Ltd. (CSTE) reported $400.7M in revenue for fiscal year 2024. This represents a 54% increase from $259.7M in 2011.

Caesarstone Ltd. (CSTE) saw revenue decline by 21.6% over the past year.

Caesarstone Ltd. (CSTE) reported a net loss of $73.9M for fiscal year 2024.

Dividend & Returns

Caesarstone Ltd. (CSTE) has a return on equity (ROE) of -14.4%. Negative ROE indicates the company is unprofitable.

Caesarstone Ltd. (CSTE) had negative free cash flow of $41.3M in fiscal year 2024, likely due to heavy capital investments.