CHEMUNG FINANCIAL CORP (CHMG) Stock Fundamental Analysis
USA - NASDAQ:CHMG - US1640241014 - Common Stock
53.1 USD
+1.69 (+3.29%)
50.04 USD
-3.06 (-5.76%)
We assign a fundamental rating of 4 out of 10 to CHMG. CHMG was compared to 391 industry peers in the Banks industry. CHMG may be in some trouble as it scores bad on both profitability and health. CHMG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CHMG was profitable.
CHMG had a positive operating cash flow in the past year.
Each year in the past 5 years CHMG has been profitable.
In the past 5 years CHMG always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CHMG (0.39%) is worse than 79.28% of its industry peers.
The Return On Equity of CHMG (4.78%) is worse than 76.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 4.78% | ||
| ROIC | N/A |
ROA(3y)0.95%
ROA(5y)0.96%
ROE(3y)13.7%
ROE(5y)12.65%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 13.06%, CHMG is doing worse than 78.01% of the companies in the same industry.
In the last couple of years the Profit Margin of CHMG has grown nicely.
CHMG does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 13.06% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.27%
PM growth 5Y4.69%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CHMG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CHMG has more shares outstanding
Compared to 5 years ago, CHMG has less shares outstanding
Compared to 1 year ago, CHMG has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CHMG is 1.64, which is an excellent value as it means it would take CHMG, only 1.64 years of fcf income to pay off all of its debts.
CHMG has a Debt to FCF ratio (1.64) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.20 indicates that CHMG is not too dependend on debt financing.
CHMG has a Debt to Equity ratio of 0.20. This is comparable to the rest of the industry: CHMG outperforms 41.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.64 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CHMG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.01%.
CHMG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.09% yearly.
Looking at the last year, CHMG shows a very negative growth in Revenue. The Revenue has decreased by -11.08% in the last year.
The Revenue has been growing slightly by 3.81% on average over the past years.
EPS 1Y (TTM)1.01%
EPS 3Y-4.19%
EPS 5Y9.09%
EPS Q2Q%24.76%
Revenue 1Y (TTM)-11.08%
Revenue growth 3Y2.84%
Revenue growth 5Y3.81%
Sales Q2Q%-56.75%
3.2 Future
Based on estimates for the next years, CHMG will show a very strong growth in Earnings Per Share. The EPS will grow by 20.52% on average per year.
Based on estimates for the next years, CHMG will show a quite strong growth in Revenue. The Revenue will grow by 12.86% on average per year.
EPS Next Y18.52%
EPS Next 2Y20.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.97%
Revenue Next 2Y12.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.62 indicates a reasonable valuation of CHMG.
CHMG's Price/Earnings ratio is a bit cheaper when compared to the industry. CHMG is cheaper than 68.80% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.91, CHMG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.37, the valuation of CHMG can be described as very cheap.
Based on the Price/Forward Earnings ratio, CHMG is valued cheaper than 90.03% of the companies in the same industry.
CHMG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.62 | ||
| Fwd PE | 7.37 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CHMG is valued a bit cheaper than the industry average as 76.98% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.74 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CHMG's earnings are expected to grow with 20.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)1.17
EPS Next 2Y20.52%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.72%, CHMG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.53, CHMG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, CHMG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
The dividend of CHMG is nicely growing with an annual growth rate of 8.39%!
CHMG has paid a dividend for at least 10 years, which is a reliable track record.
CHMG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.39%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
CHMG pays out 66.67% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CHMG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP66.67%
EPS Next 2Y20.52%
EPS Next 3YN/A
53.1
+1.69 (+3.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners45.96%
Inst Owner Change-0.24%
Ins Owners7.29%
Ins Owner Change2.44%
Market Cap254.35M
Revenue(TTM)85.99M
Net Income(TTM)11.23M
Analysts82.5
Price Target60.69 (14.29%)
Short Float %0.69%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
Yearly Dividend1.55
Dividend Growth(5Y)8.39%
DP66.67%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.34%
Min EPS beat(2)-2.56%
Max EPS beat(2)3.23%
EPS beat(4)3
Avg EPS beat(4)1.29%
Min EPS beat(4)-2.56%
Max EPS beat(4)3.7%
EPS beat(8)5
Avg EPS beat(8)5.84%
EPS beat(12)8
Avg EPS beat(12)5.8%
EPS beat(16)12
Avg EPS beat(16)9.42%
Revenue beat(2)0
Avg Revenue beat(2)-32.58%
Min Revenue beat(2)-62.48%
Max Revenue beat(2)-2.69%
Revenue beat(4)1
Avg Revenue beat(4)-16.4%
Min Revenue beat(4)-62.48%
Max Revenue beat(4)1.62%
Revenue beat(8)3
Avg Revenue beat(8)-8.52%
Revenue beat(12)4
Avg Revenue beat(12)-5.68%
Revenue beat(16)6
Avg Revenue beat(16)-4.18%
PT rev (1m)0%
PT rev (3m)7.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.81%
EPS NY rev (1m)0%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.62 | ||
| Fwd PE | 7.37 | ||
| P/S | 2.96 | ||
| P/FCF | 8.74 | ||
| P/OCF | 7.87 | ||
| P/B | 1.08 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | N/A |
EPS(TTM)5
EY9.42%
EPS(NY)7.2
Fwd EY13.57%
FCF(TTM)6.08
FCFY11.44%
OCF(TTM)6.75
OCFY12.71%
SpS17.95
BVpS49.05
TBVpS44.5
PEG (NY)0.57
PEG (5Y)1.17
Graham Number74.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 4.78% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 13.06% | ||
| GM | N/A | ||
| FCFM | 33.85% |
ROA(3y)0.95%
ROA(5y)0.96%
ROE(3y)13.7%
ROE(5y)12.65%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.27%
PM growth 5Y4.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 176.69% | ||
| Cap/Sales | 3.74% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 259.15% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC19.47%
ROIC/WACCN/A
Cap/Depr(3y)80.7%
Cap/Depr(5y)56.24%
Cap/Sales(3y)1.55%
Cap/Sales(5y)1.22%
Profit Quality(3y)117.54%
Profit Quality(5y)125.93%
High Growth Momentum
Growth
EPS 1Y (TTM)1.01%
EPS 3Y-4.19%
EPS 5Y9.09%
EPS Q2Q%24.76%
EPS Next Y18.52%
EPS Next 2Y20.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.08%
Revenue growth 3Y2.84%
Revenue growth 5Y3.81%
Sales Q2Q%-56.75%
Revenue Next Year-3.97%
Revenue Next 2Y12.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.12%
FCF growth 3Y-9.29%
FCF growth 5Y0.51%
OCF growth 1Y-7.74%
OCF growth 3Y-5.62%
OCF growth 5Y2.46%
CHEMUNG FINANCIAL CORP / CHMG FAQ
Can you provide the ChartMill fundamental rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a fundamental rating of 4 / 10 to CHMG.
What is the valuation status of CHEMUNG FINANCIAL CORP (CHMG) stock?
ChartMill assigns a valuation rating of 7 / 10 to CHEMUNG FINANCIAL CORP (CHMG). This can be considered as Undervalued.
What is the profitability of CHMG stock?
CHEMUNG FINANCIAL CORP (CHMG) has a profitability rating of 3 / 10.
What is the earnings growth outlook for CHEMUNG FINANCIAL CORP?
The Earnings per Share (EPS) of CHEMUNG FINANCIAL CORP (CHMG) is expected to grow by 18.52% in the next year.
Can you provide the dividend sustainability for CHMG stock?
The dividend rating of CHEMUNG FINANCIAL CORP (CHMG) is 6 / 10 and the dividend payout ratio is 66.67%.