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Caesarstone: Well-Positioned To Turn Around Under New CEO

Mar. 15, 2023 11:08 AM ETCaesarstone Ltd. (CSTE)12 Comments
Philip MacKellar profile picture
Philip MacKellar


  • Caesarstone is a global leader in the quartz and porcelain countertop markets.
  • It had a rough 2022 and the outlook for 2023 is mixed.
  • The company is attempting to rein in costs and has announced layoffs.
  • The former CEO from 2009 to 2016 recently retook the helm.
  • Despite the turbulence, CSTE is a good business with high insider support, strong financials, and low valuations.

Close up of kitchen countertop samples

Michael Reeve/iStock via Getty Images


Caesarstone (NASDAQ:CSTE) is headquartered in Israel, is an international leader in the quartz countertops market, and, through its Lioli brand, is a key player in the porcelain countertop business. If you have recently bought or renovated a


macrotrends - CSTE net income table

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Seeking Alpha - CSTE net margin table


Morningstar - CSTE valuation table

This article was written by

Philip MacKellar profile picture
Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CSTE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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