Core Molding Technologies, Inc. (CMT) 10-Year Financial Performance & Capital Metrics

CMT • • Industrial / General

Basic MaterialsSpecialty ChemicalsSpecialty Polymers & PlasticsEngineered Polymers & Composites

AboutCore Molding Technologies, Inc., together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding. It serves various markets, including medium and heavy-duty truck, automobile, power sport, construction, agriculture, building products, and other commercial markets in the United States, Mexico, Canada, and internationally. The company was formerly known as Core Materials Corporation and changed its name to Core Molding Technologies, Inc. in August 2002. Core Molding Technologies, Inc. was incorporated in 1996 and is headquartered in Columbus, Ohio.Show more

Revenue $302M -15.5%
EBITDA $30M -23.7%
Net Income $13M -34.6%
EPS (Diluted) 1.51 -34.6%
Gross Margin 17.61% -2.3%
EBITDA Margin 9.95% -9.7%
Operating Margin 5.52% -25.6%
Net Margin 4.4% -22.6%
ROE 9.29% -41.7%
ROIC 9.38% -35.0%
Debt/Equity 0.16 -2.8%
Interest Coverage 179.52 +583.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.1x book value
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.61%

5Y1.24%

3Y-0.56%

TTM-16.59%

Profit (Net Income) CAGR

10Y3.28%

5Y-

3Y41.73%

TTM-47.98%

EPS CAGR

10Y1.67%

5Y-

3Y40.02%

TTM-46.82%

ROCE

10Y Avg8.19%

5Y Avg11.42%

3Y Avg13.15%

Latest9.82%

Peer Comparison

Engineered Polymers & Composites

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WLKWestlake Corporation	11.33B	88.30	19.03	-3.24%	-8.34%	-9.63%	2.7%	0.48
CMTCore Molding Technologies, Inc.	161.9M	18.91	12.52	-15.47%	3.09%	5.19%	14.59%	0.16
LYBLyondellBasell Industries N.V.	16.38B	50.88	12.26	-1.96%	-3.69%	-11.2%	12.09%	1.03
EMNEastman Chemical Company	8.01B	70.23	9.16	2%	8.96%	14.09%	8.59%	0.86
TSETrinseo PLC	19.8M	0.55	-0.06	-4.41%	-13.15%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	199.07M	174.88M	161.67M	269.49M	284.29M	222.36M	307.48M	377.38M	357.74M	302.38M
Revenue Growth %	0.14%	-0.12%	-0.08%	0.67%	0.05%	-0.22%	0.38%	0.23%	-0.05%	-0.15%
Cost of Goods Sold+	162.82M	146.96M	136.99M	242.34M	262.78M	187.88M	266.14M	324.97M	293.22M	249.12M
COGS % of Revenue	0.82%	0.84%	0.85%	0.9%	0.92%	0.84%	0.87%	0.86%	0.82%	0.82%
Gross Profit+	36.25M	27.92M	24.68M	27.14M	21.51M	34.47M	41.34M	52.4M	64.52M	53.26M
Gross Margin %	0.18%	0.16%	0.15%	0.1%	0.08%	0.16%	0.13%	0.14%	0.18%	0.18%
Gross Profit Growth %	0.2%	-0.23%	-0.12%	0.1%	-0.21%	0.6%	0.2%	0.27%	0.23%	-0.17%
Operating Expenses+	17.75M	16.38M	16.69M	27.84M	28.93M	24.08M	30.28M	34.4M	37.98M	36.56M
OpEx % of Revenue	0.09%	0.09%	0.1%	0.1%	0.1%	0.11%	0.1%	0.09%	0.11%	0.12%
Selling, General & Admin	17.75M	16.38M	16.69M	27.84M	28.93M	24.08M	30.28M	34.4M	37.76M	36.56M
SG&A % of Revenue	0.09%	0.09%	0.1%	0.1%	0.1%	0.11%	0.1%	0.09%	0.11%	0.12%
Research & Development	719K	965K	848K	1.03M	0	0	1.3M	0	1.7M	0
R&D % of Revenue	0%	0.01%	0.01%	0%	-	-	0%	-	0%	-
Other Operating Expenses	0	0	0	48K	0	0	-1.3M	0	-1.48M	0
Operating Income+	18.5M	11.54M	7.99M	-3.1M	-11.53M	10.39M	11.07M	18M	26.54M	16.7M
Operating Margin %	0.09%	0.07%	0.05%	-0.01%	-0.04%	0.05%	0.04%	0.05%	0.07%	0.06%
Operating Income Growth %	0.26%	-0.38%	-0.31%	-1.39%	-2.72%	1.9%	0.07%	0.63%	0.47%	-0.37%
EBITDA+	24.54M	17.83M	14.23M	6.28M	-1.15M	22.05M	22.68M	29.89M	39.45M	30.09M
EBITDA Margin %	0.12%	0.1%	0.09%	0.02%	-0%	0.1%	0.07%	0.08%	0.11%	0.1%
EBITDA Growth %	0.25%	-0.27%	-0.2%	-0.56%	-1.18%	20.14%	0.03%	0.32%	0.32%	-0.24%
D&A (Non-Cash Add-back)	6.04M	6.28M	6.24M	9.38M	10.38M	11.66M	11.62M	11.88M	12.91M	13.4M
EBIT	18.5M	11.46M	8.56M	-3.05M	-11.43M	10.47M	11.23M	16.74M	26.76M	17.57M
Net Interest Income+	-330K	-298K	-245K	-2.39M	-4.14M	-5.92M	-2.31M	-2.16M	-1.01M	100K
Interest Income	0	0	0	0	0	0	0	0	0	193K
Interest Expense	330K	298K	245K	2.39M	4.14M	5.92M	2.31M	2.16M	1.01M	93K
Other Income/Expense	-330K	-280K	-196K	-2.35M	-4.05M	-5.84M	-2.15M	-3.42M	-791K	786K
Pretax Income+	18.17M	11.25M	7.75M	-5.45M	-15.58M	4.55M	8.92M	14.59M	25.75M	17.48M
Pretax Margin %	0.09%	0.06%	0.05%	-0.02%	-0.05%	0.02%	0.03%	0.04%	0.07%	0.06%
Income Tax+	6.12M	3.84M	2.29M	-664K	-355K	-3.62M	4.25M	2.38M	5.42M	4.18M
Effective Tax Rate %	0.66%	0.66%	0.7%	0.88%	0.98%	1.8%	0.52%	0.84%	0.79%	0.76%
Net Income+	12.05M	7.41M	5.46M	-4.78M	-15.22M	8.16M	4.67M	12.2M	20.32M	13.3M
Net Margin %	0.06%	0.04%	0.03%	-0.02%	-0.05%	0.04%	0.02%	0.03%	0.06%	0.04%
Net Income Growth %	0.25%	-0.38%	-0.26%	-1.88%	-2.18%	1.54%	-0.43%	1.61%	0.67%	-0.35%
Net Income (Continuing)	12.05M	7.41M	5.46M	-4.78M	-15.22M	8.16M	4.67M	12.2M	20.32M	13.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.58	0.97	0.70	-0.62	-1.94	0.98	0.55	1.44	2.31	1.51
EPS Growth %	0.23%	-0.39%	-0.28%	-1.89%	-2.13%	1.51%	-0.44%	1.62%	0.6%	-0.35%
EPS (Basic)	1.59	0.97	0.71	-0.62	-1.94	0.98	0.55	1.44	2.37	1.53
Diluted Shares Outstanding	7.62M	7.66M	7.75M	7.75M	7.83M	7.94M	8.06M	8.47M	8.77M	8.79M
Basic Shares Outstanding	7.58M	7.62M	7.69M	7.71M	7.83M	7.94M	8.06M	8.47M	8.55M	8.69M
Dividend Payout Ratio	-	-	0.14%	-	-	-	-	-	-	-

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+	62.68M	61.27M	64M	80.3M	61.23M	56.48M	75.14M	80.67M	102.88M	102.89M
Cash & Short-Term Investments	8.94M	28.29M	26.78M	1.89M	1.86M	4.13M	6.15M	4.18M	24.1M	41.8M
Cash Only	8.94M	28.29M	26.78M	1.89M	1.86M	4.13M	6.15M	4.18M	24.1M	41.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	36.89M	19.55M	22.72M	49.38M	33.31M	27.58M	37.93M	46.94M	48.09M	35.98M
Days Sales Outstanding	67.63	40.81	51.29	66.89	42.77	45.28	45.02	45.4	49.07	43.43
Inventory	13.7M	10.91M	13.46M	25.77M	21.68M	18.36M	25.13M	23.87M	22.06M	18.35M
Days Inventory Outstanding	30.71	27.1	35.86	38.81	30.12	35.67	34.46	26.81	27.46	26.88
Other Current Assets	2.55M	228K	610K	1.79M	1.11M	2.03M	842K	5.67M	8.62M	6.76M
Total Non-Current Assets+	77.12M	73.57M	73.62M	120.9M	118.08M	109.03M	111.55M	117.95M	110.5M	106.66M
Property, Plant & Equipment	74.1M	70.6M	68.63M	80.66M	83.69M	76.81M	81.47M	88.38M	84.99M	82.92M
Fixed Asset Turnover	2.69x	2.48x	2.36x	3.34x	3.40x	2.90x	3.77x	4.27x	4.21x	3.65x
Goodwill	2.4M	2.4M	2.4M	21.48M	17.38M	17.38M	17.38M	17.38M	17.38M	17.38M
Intangible Assets	613K	563K	513K	15.41M	13.46M	11.52M	9.57M	7.62M	6.02M	4.43M
Long-Term Investments	0	-1.38B	-843K	-1.15M	0	0	0	0	0	140K
Other Non-Current Assets	-1.6B	563K	2.08M	3.35M	3.55M	3.33M	2.61M	4.57M	2.12M	1.8M
Total Assets+	139.8M	134.84M	137.62M	201.2M	179.31M	165.51M	186.69M	198.62M	213.38M	209.55M
Asset Turnover	1.42x	1.30x	1.17x	1.34x	1.59x	1.34x	1.65x	1.90x	1.68x	1.44x
Asset Growth %	0.19%	-0.04%	0.02%	0.46%	-0.11%	-0.08%	0.13%	0.06%	0.07%	-0.02%
Total Current Liabilities+	30.06M	20.28M	22.54M	39.03M	83.83M	35.99M	53.05M	50.8M	46.19M	36.71M
Accounts Payable	13.48M	8.53M	13.85M	25.45M	19.91M	16.99M	22.7M	29.59M	23.96M	17.11M
Days Payables Outstanding	30.22	21.2	36.9	38.33	27.65	33.01	31.13	33.23	29.82	25.08
Short-Term Debt	3.71M	3M	3M	3.23M	49.45M	2.96M	8.37M	3.07M	1.47M	1.81M
Deferred Revenue (Current)	1000K	1000K	-235K	1000K	0	0	1000K	1000K	1000K	0
Other Current Liabilities	203K	1.34M	1.25M	3.51M	3.7M	3.93M	7.53M	9.1M	10.5M	8.69M
Current Ratio	2.09x	3.02x	2.84x	2.06x	0.73x	1.57x	1.42x	1.59x	2.23x	2.80x
Quick Ratio	1.63x	2.48x	2.24x	1.40x	0.47x	1.06x	0.94x	1.12x	1.75x	2.30x
Cash Conversion Cycle	68.12	46.71	50.25	67.36	45.23	47.93	48.36	38.98	46.71	45.23
Total Non-Current Liabilities+	21.01M	17.79M	13.2M	63.23M	11.05M	35.58M	33.55M	31.69M	28.24M	25.48M
Long-Term Debt	9.75M	6.75M	3.75M	55.16M	0	25.2M	21.25M	22.99M	21.52M	19.71M
Capital Lease Obligations	0	0	0	0	3.12M	1.67M	0	0	0	997K
Deferred Tax Liabilities	2.25M	2.37M	395K	865K	0	0	0	0	0	0
Other Non-Current Liabilities	7.92M	7.65M	7.95M	6.92M	7.93M	8.71M	12.29M	8.71M	6.72M	4.78M
Total Liabilities	51.07M	38.07M	35.73M	102.27M	94.88M	71.58M	86.6M	82.49M	74.42M	62.19M
Total Debt+	13.47M	9.75M	6.75M	58.39M	53.87M	30.85M	29.62M	26.06M	22.99M	23.7M
Net Debt	4.52M	-18.54M	-20.03M	56.5M	52.02M	26.71M	23.47M	21.88M	-1.12M	-18.11M
Debt / Equity	0.15x	0.10x	0.07x	0.59x	0.64x	0.33x	0.30x	0.22x	0.17x	0.16x
Debt / EBITDA	0.55x	0.55x	0.47x	9.29x	-	1.40x	1.31x	0.87x	0.58x	0.79x
Net Debt / EBITDA	0.18x	-1.04x	-1.41x	8.99x	-	1.21x	1.03x	0.73x	-0.03x	-0.60x
Interest Coverage	56.05x	38.74x	32.61x	-1.29x	-2.78x	1.75x	4.79x	8.34x	26.25x	179.52x
Total Equity+	88.73M	96.77M	101.89M	98.93M	84.43M	93.93M	100.09M	116.13M	138.95M	147.36M
Equity Growth %	0.17%	0.09%	0.05%	-0.03%	-0.15%	0.11%	0.07%	0.16%	0.2%	0.06%
Book Value per Share	11.64	12.63	13.15	12.77	10.78	11.83	12.42	13.70	15.84	16.77
Total Shareholders' Equity	88.73M	96.77M	101.89M	98.93M	84.43M	93.93M	100.09M	116.13M	138.95M	147.36M
Common Stock	76K	76K	77K	78K	79K	80K	82K	84K	86K	86K
Retained Earnings	84.51M	91.92M	96.43M	91.93M	76.71M	84.87M	89.54M	101.75M	122.07M	135.37M
Treasury Stock	-27.65M	-27.78M	-28.15M	-28.4M	-28.5M	-28.52M	-28.62M	-29.1M	-31.77M	-36.15M
Accumulated OCI	2.65M	2.41M	2.07M	2.12M	1.37M	1.38M	1.07M	3.05M	5.3M	2.29M
Minority Interest	0	0	0	0	0	0	0	0	0	0

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+	18.61M	26.07M	6.91M	-6.53M	16.7M	28.16M	12.55M	18.98M	34.84M	35.15M
Operating CF Margin %	0.09%	0.15%	0.04%	-0.02%	0.06%	0.13%	0.04%	0.05%	0.1%	0.12%
Operating CF Growth %	0.72%	0.4%	-0.73%	-1.94%	3.56%	0.69%	-0.55%	0.51%	0.84%	0.01%
Net Income	12.05M	7.41M	5.46M	-4.78M	-15.22M	8.16M	4.67M	12.2M	20.32M	13.3M
Depreciation & Amortization	6.04M	6.28M	6.24M	9.38M	10.38M	11.66M	11.62M	11.88M	12.91M	13.4M
Stock-Based Compensation	785K	1M	1.33M	1.74M	1.56M	1.35M	1.89M	2.33M	2.92M	2.5M
Deferred Taxes	1.23M	426K	-597K	-1.74M	-873K	1.1M	-475K	-3.47M	2.47M	473K
Other Non-Cash Items	-68K	-107K	8K	2.57M	4.2M	237K	743K	1.63M	22K	1.42M
Working Capital Changes	-1.42M	11.05M	-5.53M	-13.7M	16.66M	5.65M	-5.89M	-5.59M	-3.81M	4.06M
Change in Receivables	-911K	17.34M	-295K	-17.95M	13.04M	4.84M	-8.95M	-9M	2.55M	11.59M
Change in Inventory	-1.39M	2.79M	-2.55M	-5.78M	4.08M	3.32M	-6.77M	1.26M	1.81M	3.72M
Change in Payables	2.1M	-4.69M	5.35M	7.82M	-4.85M	-3.14M	5.35M	6M	-4.92M	-8.11M
Cash from Investing+	-20.2M	-2.86M	-4.26M	-68.81M	-7.46M	-3.68M	-11.41M	-16.59M	-9.1M	-11.53M
Capital Expenditures	-5.68M	-2.86M	-4.26M	-5.8M	-7.46M	-3.68M	-11.57M	-16.59M	-9.1M	-11.53M
CapEx % of Revenue	0.03%	0.02%	0.03%	0.02%	0.03%	0.02%	0.04%	0.04%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-14.51B	0	0	-63.01M	0	0	154K	0	0	0
Cash from Financing+	8.21M	-3.86M	-4.16M	50.45M	-9.28M	-22.21M	884K	-4.36M	-5.82M	-5.93M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-786K	-792K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	230K	-16K	0	-763K	-435K	0	-2K	-884K	0	-1.44M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	12.93M	23.21M	2.65M	-12.33M	9.24M	24.48M	977K	2.39M	25.74M	23.63M
FCF Margin %	0.06%	0.13%	0.02%	-0.05%	0.03%	0.11%	0%	0.01%	0.07%	0.08%
FCF Growth %	86.38%	0.79%	-0.89%	-5.65%	1.75%	1.65%	-0.96%	1.45%	9.75%	-0.08%
FCF per Share	1.70	3.03	0.34	-1.59	1.18	3.08	0.12	0.28	2.93	2.69
FCF Conversion (FCF/Net Income)	1.54x	3.52x	1.27x	1.37x	-1.10x	3.45x	2.69x	1.56x	1.71x	2.64x
Interest Paid	279K	289K	247K	2.26M	3.87M	3.85M	1.84M	1.68M	1.23M	1.07M
Taxes Paid	4.22M	1.88M	2.41M	1.03M	1.28M	570K	5.07M	6.65M	5.25M	2.16M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.62%	7.99%	5.5%	-4.76%	-16.6%	9.16%	4.81%	11.29%	15.94%	9.29%
Return on Invested Capital (ROIC)	16.1%	10.1%	7.49%	-1.96%	-5.92%	6.06%	6.8%	10.32%	14.43%	9.38%
Gross Margin	18.21%	15.97%	15.27%	10.07%	7.56%	15.5%	13.45%	13.89%	18.04%	17.61%
Net Margin	6.05%	4.24%	3.38%	-1.77%	-5.35%	3.67%	1.52%	3.23%	5.68%	4.4%
Debt / Equity	0.15x	0.10x	0.07x	0.59x	0.64x	0.33x	0.30x	0.22x	0.17x	0.16x
Interest Coverage	56.05x	38.74x	32.61x	-1.29x	-2.78x	1.75x	4.79x	8.34x	26.25x	179.52x
FCF Conversion	1.54x	3.52x	1.27x	1.37x	-1.10x	3.45x	2.69x	1.56x	1.71x	2.64x
Revenue Growth	13.62%	-12.15%	-7.55%	66.69%	5.49%	-21.79%	38.28%	22.73%	-5.2%	-15.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	-	268.99M	210.58M	568.05M	717.4M	347.38M	291.09M
Product Growth	-	-	-	-	-	-21.71%	169.75%	26.29%	-51.58%	-16.20%
Service	-	-	-	-	15.3M	11.78M	46.92M	37.35M	10.36M	11.29M
Service Growth	-	-	-	-	-	-23.05%	298.40%	-20.39%	-72.25%	8.91%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	129.65M	119.02M	103.51M	181.21M	178.95M	136.42M	191.67M	231.39M	234.5M	187.97M
UNITED STATES Growth	-	-8.20%	-13.03%	75.06%	-1.24%	-23.77%	40.49%	20.73%	1.35%	-19.84%
MEXICO	63.59M	51.39M	52.5M	74.03M	79.76M	64.94M	88.95M	113.25M	105.82M	97.9M
MEXICO Growth	-	-19.18%	2.15%	41.02%	7.74%	-18.58%	36.97%	27.31%	-6.56%	-7.49%
CANADA	5.83M	4.47M	5.66M	12.49M	16.99M	16.83M	22.64M	26.83M	11.98M	11.14M
CANADA Growth	-	-23.26%	26.57%	120.59%	35.97%	-0.95%	34.56%	18.49%	-55.35%	-6.97%
Other Geographical Location	-	-	-	1.75M	8.59M	4.16M	-	-	5.44M	5.36M
Other Geographical Location Growth	-	-	-	-	389.34%	-51.53%	-	-	-	-1.32%

Frequently Asked Questions

Valuation & Price

Core Molding Technologies, Inc. (CMT) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Core Molding Technologies, Inc. (CMT) reported $261.6M in revenue for fiscal year 2024. This represents a 82% increase from $143.4M in 2011.

Core Molding Technologies, Inc. (CMT) saw revenue decline by 15.5% over the past year.

Yes, Core Molding Technologies, Inc. (CMT) is profitable, generating $8.1M in net income for fiscal year 2024 (4.4% net margin).

Dividend & Returns

Core Molding Technologies, Inc. (CMT) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.

Core Molding Technologies, Inc. (CMT) generated $5.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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