ROG, TTMI, NJ, COGO, LFUS, SRI, Electronics - Misc Stocks Undervalued
August 4, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Electronics - Misc sector and these stocks are the most undervalued as of today. ROGERS CORPORATION (NYSE:ROG), TTM TECHNOLOGIES (NASDAQ:TTMI), NIDEC CORPORATION-ADR (NYSE:NJ), COGO GROUP INC (NASDAQ:COGO), LITTELFUSE INC (NASDAQ:LFUS), STONERIDGE INC (NYSE:SRI) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.
The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:
Symbol Company Name Last Close Fair Value Valuation Industry ROG ROGERS CORPORATION 51.9 54.9 5.50% Undervalued Electronics - Misc TTMI TTM TECHNOLOGIES 13.51 16.23 16.80% Undervalued Electronics - Misc NJ NIDEC CORPORATION-ADR 23.95 25.26 5.20% Undervalued Electronics - Misc COGO COGO GROUP INC 4.63 9.71 52.30% Undervalued Electronics - Misc LFUS LITTELFUSE INC 49.48 58.4 15.30% Undervalued Electronics - Misc SRI STONERIDGE INC 11.69 17.82 34.40% Undervalued Electronics - Misc
Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.
Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.
ROGERS CORPORATION (NYSE:ROG) - Rogers Corporation develops, manufactures, and distributes specialty material-based products and components for fabricators and contract manufacturers that produce components and products for original equipment manufacturers worldwide. Its Printed Circuit Materials segment offers printed circuit board laminate products under the RO3000, RO4000, DUROID, RT/duroid, ULTRALAM, RO2800, and TMM trade names for high frequency and performance applications. This segment offers these products primarily to printed circuit board manufacturers and equipment manufacturers for applications in the computer, portable communication device, communications infrastructure, aerospace and defense, and consumer markets. The companys High Performance Foams segment offers urethane foams and silicone materials to fabricators, distributors, and OEMs for applications in consumer electronics, mass transit, aerospace, and defense and other markets. This segments foams are used for making high performance gaskets and seals; cushion insole materials for footwear and related products; healthcare and medical materials for body cushioning and orthotic appliances; and R/bak compressible printing plate backing and mounting products for cushioning flexographic plates; and silicone foams, solids, sponge, and extrusion products for making flame retardant gaskets and seals. Its Custom Electrical Components segment provides power distribution components, and electroluminescent lamps and inverters for the ground transportation and telecommunication markets. The companys Other Polymer Products segment offers floats for fill level sensing; elastomer rollers and belts for document handling; nonwoven composite materials for medical padding and industrial prefiltration applications; and consumable supplies in the lithographic printing industry and thermal management products. Rogers Corporation was founded in 1832 and is based in Rogers, Connecticut.
TTM TECHNOLOGIES (NASDAQ:TTMI) - TTM Technologies, Inc. manufactures printed circuit boards, and provides backplane and sub-system assembly services in the United States and internationally. It serves commercial markets, as well as aerospace/defense markets, including the networking/communications infrastructure, computing, defense, and industrial/medical markets. The companys customers include original equipment manufacturers, electronic manufacturing services providers, and aerospace/defense companies. TTM Technologies, Inc. was founded in 1978 and is based in Santa Ana, California.
NIDEC CORPORATION-ADR (NYSE:NJ) - Nidec Corporation engages in the design, development, manufacture, and marketing of small precision motors, mid-size motors, machinery, and electronic and optical components. The companys small precision motors include spindle motors for hard disk drives; small precision brushless DC motors for optical disk drives, laser printers, copiers, and polygon scanners; brushless DC fans for game machine consoles, microprocessor units, servers, personal computers, communication devices, and automobiles; and other small precision motors for refrigerator ice makers, mobile phones, CD players, and DVD recorders. It also offers mid-size motors, which are used in automobiles, various electric household appliances and industrial equipment The companys machinery products include semi-conductor manufacturing supplies, test systems, measuring equipment, power transmission equipment, factory automation systems, card readers, and industrial robots. Its electronic and optical components include camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, and processing and precision plastic mold products. In addition, the company provides auto parts, pivot assemblies, other components, and services. Further, it manufactures motors and actuators for automobiles, such as air flow systems, body closure systems, occupant positioning systems, and brake systems. The company offers its spindle motors products to hard disk drives manufacturers; and sells its products to the manufacturers of various automation equipment, electric household appliances, home video game consoles, telecommunication and audio-visual equipment, and automotive components. It has operations in Japan, the United States, Singapore, Germany, Thailand, the Philippines, and China. Nidec Corporation was founded in 1973 and is headquartered in Kyoto, Japan.
COGO GROUP INC (NASDAQ:COGO) - Cogo Group, Inc., through its subsidiaries, provides customized module design solutions, focusing on the digital media, telecommunications equipment, and industrial business end-markets in China. In the digital media end-market, the company provides mobile handset and module solutions for functionalities, such as CMMB mobile TV, motion sensor, camera, power supply, and Bluetooth, as well as solutions for high definition digital set-top box, GPS applications, and solutions for Smartbook. In the telecommunications equipment end-market, it provides solutions for public switched telephone network, switching, optical transmitters, electrical signal processing, and optical signal amplification. In the industrial business end-market, the company provides industrial solutions for the smart meter, smart grid, railway, and auto-electronics sectors. In addition, Cogo Group provides technology and engineering services, and software design services in China. It sells its customized module design solutions through its direct sales force. Cogo Group, Inc. has a strategic partnership with Xilinx Inc. The company was formerly known as Comtech Group, Inc. and changed its name to Cogo Group, Inc. in March 2008. Cogo Group was founded in 1917 and is headquartered in Shenzhen, China.
LITTELFUSE INC (NASDAQ:LFUS) - Littelfuse, Inc. designs, manufactures, and sells circuit protection devices for use in the automotive, electronic, and electrical markets in the Americas, Europe, and the Asia-Pacific. The company offers electronic circuit protection products, such as fuses and protectors, positive temperature coefficient resettable fuses, varistors, polymer electrostatic discharge suppressors, discrete transient voltage suppression diodes, TVS diode arrays and protection thyristors, gas discharge tubes, and power switching components, as well as fuseholders, blocks, and related accessories under PICO II, and NANO2 SMF, TECCOR, SIDACtor, and Battrax brand names. It offers its electronic circuit protection products for use in wireless telephones, consumer electronics, computers, modems, telecommunications equipment, telephones, data transmission lines, and alarm systems. The company also provides automotive fuses that are used in automobiles, trucks, buses, and off-road equipment to protect electrical circuits and the wires that supply electrical power to operate lights, heating, air conditioning, radios, windows, and other controls, as well as offers fuses for the protection of electric and hybrid vehicles. It markets its automotive fuse products under ATO, MINI, MAXI, MIDI, MEGA, MasterFuse, JCASE, and CablePro brand names. In addition, Littelfuse manufactures various low-voltage and medium-voltage circuit protection products, such as power fuses that are used in the protection from over-load and short-circuit currents in motor branch circuits, heating and cooling systems, control systems, lighting circuits, and electrical distribution networks to electrical distributors and their customers in the construction, original equipment manufacturers, and industrial maintenance and repair and operating supplies markets. Littelfuse sells its products through direct sales force and manufacturers representatives. The company was founded in 1927 and is headquartered in Chicago, Illinois.
STONERIDGE INC (NYSE:SRI) - Stoneridge, Inc., together with its subsidiaries, engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the medium and heavy-duty truck, automotive, agricultural, and off-highway vehicle markets primarily in North America and Europe. The company operates in two segments, Electronics and Control Devices. The Electronics segment produces electronic instrument clusters, electronic control units, and driver information systems, as well as electrical distribution systems, principally wiring harnesses and connectors for electrical power and signal distribution. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. In addition, this segments power distribution systems regulate, coordinate, and direct the operation of the electrical system within a vehicle. The Control Devices segment designs and manufactures products that monitor, measure, or activate a specific function within the vehicle. This segments product lines include sensors, which are employed in a range of vehicle systems, such as the emissions, safety, power train, braking, climate control, steering, and suspension systems; switches that transmit signal to activate or deactivate selected functions; and electromechanical actuator products, which enable original equipment manufacturers to deploy power functions in a vehicle. Stoneridge, Inc. was founded in 1965 and is headquartered in Warren, Ohio.
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