26.18 USD
-0.26 (-0.98%)
26.18 USD
0 (0%)
Taking everything into account, CNOB scores 4 out of 10 in our fundamental rating. CNOB was compared to 387 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CNOB was profitable.
CNOB had a positive operating cash flow in the past year.
CNOB had positive earnings in each of the past 5 years.
CNOB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CNOB's Return On Assets of 0.39% is on the low side compared to the rest of the industry. CNOB is outperformed by 82.43% of its industry peers.
The Return On Equity of CNOB (3.58%) is worse than 82.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CNOB has a worse Profit Margin (16.02%) than 74.94% of its industry peers.
CNOB's Profit Margin has declined in the last couple of years.
CNOB 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) | 16.02% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CNOB has been reduced compared to 1 year ago.
The number of shares outstanding for CNOB has been increased compared to 5 years ago.
CNOB has a worse debt/assets ratio than last year.
2.2 Solvency
CNOB has a debt to FCF ratio of 2.38. This is a good value and a sign of high solvency as CNOB would need 2.38 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.38, CNOB perfoms like the industry average, outperforming 45.48% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that CNOB is not too dependend on debt financing.
CNOB's Debt to Equity ratio of 0.13 is in line compared to the rest of the industry. CNOB outperforms 59.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.67%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CNOB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.55%, which is quite impressive.
Measured over the past years, CNOB shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.32% on average per year.
Looking at the last year, CNOB shows a very strong growth in Revenue. The Revenue has grown by 31.54%.
The Revenue has been growing slightly by 6.33% on average over the past years.
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
3.2 Future
CNOB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.01% yearly.
The Revenue is expected to grow by 27.09% on average over the next years. This is a very strong growth
EPS Next Y39.12%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
EPS Next 5YN/A
Revenue Next Year48.59%
Revenue Next 2Y38.61%
Revenue Next 3Y27.09%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.48, the valuation of CNOB can be described as reasonable.
CNOB's Price/Earnings is on the same level as the industry average.
CNOB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.46.
CNOB is valuated cheaply with a Price/Forward Earnings ratio of 7.91.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNOB indicates a rather cheap valuation: CNOB is cheaper than 87.34% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CNOB to the average of the S&P500 Index (36.10), we can say CNOB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.48 | ||
| Fwd PE | 7.91 |
4.2 Price Multiples
64.60% of the companies in the same industry are cheaper than CNOB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.5 | ||
| 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.
A more expensive valuation may be justified as CNOB's earnings are expected to grow with 25.01% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y34.87%
EPS Next 3Y25.01%
5. Dividend
5.1 Amount
CNOB has a Yearly Dividend Yield of 2.82%.
CNOB's Dividend Yield is comparable with the industry average which is at 3.11.
Compared to an average S&P500 Dividend Yield of 2.32, CNOB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
5.2 History
On average, the dividend of CNOB grows each year by 19.08%, which is quite nice.
CNOB has been paying a dividend for at least 10 years, so it has a reliable track record.
CNOB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
5.3 Sustainability
CNOB pays out 65.04% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CNOB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.04%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
26.18
-0.26 (-0.98%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners70.88%
Inst Owner Change2.5%
Ins Owners3.41%
Ins Owner Change4.32%
Market Cap1.32B
Revenue(TTM)344.16M
Net Income(TTM)55.12M
Analysts86
Price Target30.09 (14.94%)
Short Float %3.95%
Short Ratio7.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP65.04%
Div Incr Years6
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.38%
Min EPS beat(2)-1.24%
Max EPS beat(2)2.01%
EPS beat(4)3
Avg EPS beat(4)6.89%
Min EPS beat(4)-1.24%
Max EPS beat(4)18.1%
EPS beat(8)5
Avg EPS beat(8)3.61%
EPS beat(12)7
Avg EPS beat(12)1.35%
EPS beat(16)9
Avg EPS beat(16)0.21%
Revenue beat(2)1
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-9.25%
Max Revenue beat(2)3.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-9.25%
Max Revenue beat(4)3.36%
Revenue beat(8)1
Avg Revenue beat(8)-3.41%
Revenue beat(12)1
Avg Revenue beat(12)-3.79%
Revenue beat(16)5
Avg Revenue beat(16)-1.86%
PT rev (1m)1.29%
PT rev (3m)1.29%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)1.08%
EPS NY rev (1m)0.16%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.45%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.48 | ||
| Fwd PE | 7.91 | ||
| P/S | 3.82 | ||
| P/FCF | 15.5 | ||
| P/OCF | 14.47 | ||
| P/B | 0.86 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY8.71%
EPS(NY)3.31
Fwd EY12.64%
FCF(TTM)1.69
FCFY6.45%
OCF(TTM)1.81
OCFY6.91%
SpS6.85
BVpS30.6
TBVpS25.06
PEG (NY)0.29
PEG (5Y)N/A
Graham Number39.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 16.02% | ||
| GM | N/A | ||
| FCFM | 24.67% |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
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-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 57.98% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 154.01% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC14.67%
ROIC/WACCN/A
Cap/Depr(3y)83.7%
Cap/Depr(5y)66.34%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.42%
Profit Quality(3y)111.87%
Profit Quality(5y)120.48%
High Growth Momentum
Growth
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
EPS Next Y39.12%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
EPS Next 5YN/A
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
Revenue Next Year48.59%
Revenue Next 2Y38.61%
Revenue Next 3Y27.09%
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-40.05%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-37.93%
OCF growth 3Y-33.05%
OCF growth 5Y0%
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill fundamental rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CNOB.
What is the valuation status of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a valuation rating of 6 / 10 to CONNECTONE BANCORP INC (CNOB). This can be considered as Fairly Valued.
What is the profitability of CNOB stock?
CONNECTONE BANCORP INC (CNOB) has a profitability rating of 2 / 10.
What are the PE and PB ratios of CONNECTONE BANCORP INC (CNOB) stock?
The Price/Earnings (PE) ratio for CONNECTONE BANCORP INC (CNOB) is 11.48 and the Price/Book (PB) ratio is 0.86.
How sustainable is the dividend of CONNECTONE BANCORP INC (CNOB) stock?
The dividend rating of CONNECTONE BANCORP INC (CNOB) is 6 / 10 and the dividend payout ratio is 65.04%.