CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis
USA - NASDAQ:CNOB - US20786W1071 - Common Stock
24.28 USD
-0.2 (-0.82%)
24.28 USD
0 (0%)
Taking everything into account, CNOB scores 4 out of 10 in our fundamental rating. CNOB was compared to 391 industry peers in the Banks industry. Both the profitability and financial health of CNOB have multiple concerns. CNOB is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
CNOB had positive earnings in the past year.
CNOB had a positive operating cash flow in the past year.
CNOB had positive earnings in each of the past 5 years.
Each year in the past 5 years CNOB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CNOB (0.23%) is worse than 86.19% of its industry peers.
CNOB has a Return On Equity of 2.09%. This is amonst the worse of the industry: CNOB underperforms 85.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.09% | ||
| 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
The Profit Margin of CNOB (10.87%) is worse than 81.33% of its industry peers.
In the last couple of years the Profit Margin of CNOB has declined.
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) | 10.87% | ||
| 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.
Compared to 1 year ago, CNOB has less shares outstanding
Compared to 5 years ago, CNOB has more shares outstanding
The debt/assets ratio for CNOB is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of CNOB is 7.82, which is on the high side as it means it would take CNOB, 7.82 years of fcf income to pay off all of its debts.
CNOB has a worse Debt to FCF ratio (7.82) than 75.70% of its industry peers.
CNOB has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.18, CNOB perfoms like the industry average, outperforming 46.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 7.82 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.24% over the past year.
The Earnings Per Share has been decreasing by -4.32% on average over the past years.
CNOB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.09%.
CNOB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
EPS 1Y (TTM)9.24%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%19.57%
Revenue 1Y (TTM)10.09%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%28.39%
3.2 Future
The Earnings Per Share is expected to grow by 33.83% on average over the next years. This is a very strong growth
Based on estimates for the next years, CNOB will show a very strong growth in Revenue. The Revenue will grow by 38.34% on average per year.
EPS Next Y38.65%
EPS Next 2Y33.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year48.89%
Revenue Next 2Y38.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
CNOB is valuated correctly with a Price/Earnings ratio of 12.08.
CNOB's Price/Earnings is on the same level as the industry average.
CNOB is valuated cheaply when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.45, the valuation of CNOB can be described as very cheap.
Based on the Price/Forward Earnings ratio, CNOB is valued cheaply inside the industry as 88.24% of the companies are valued more expensively.
CNOB is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 7.45 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than the industry average as 79.28% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.51 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CNOB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CNOB's earnings are expected to grow with 33.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y33.83%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CNOB has a Yearly Dividend Yield of 3.09%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.55, CNOB has a dividend in line with its industry peers.
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 | 3.09% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
5.3 Sustainability
CNOB pays out 107.52% of its income as dividend. This is not a sustainable payout ratio.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP107.52%
EPS Next 2Y33.83%
EPS Next 3YN/A
24.28
-0.2 (-0.82%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners70.88%
Inst Owner Change-0.15%
Ins Owners3.41%
Ins Owner Change4.2%
Market Cap1.22B
Revenue(TTM)288.35M
Net Income(TTM)31.35M
Analysts86
Price Target29.71 (22.36%)
Short Float %2.07%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP107.52%
Div Incr Years6
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.73%
Min EPS beat(2)-1.24%
Max EPS beat(2)8.7%
EPS beat(4)2
Avg EPS beat(4)5.27%
Min EPS beat(4)-4.46%
Max EPS beat(4)18.1%
EPS beat(8)5
Avg EPS beat(8)3.41%
EPS beat(12)6
Avg EPS beat(12)0.11%
EPS beat(16)9
Avg EPS beat(16)0.61%
Revenue beat(2)1
Avg Revenue beat(2)-0.68%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)3.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.05%
Min Revenue beat(4)-6.06%
Max Revenue beat(4)3.36%
Revenue beat(8)1
Avg Revenue beat(8)-2.72%
Revenue beat(12)2
Avg Revenue beat(12)-2.76%
Revenue beat(16)6
Avg Revenue beat(16)-0.68%
PT rev (1m)0%
PT rev (3m)1.48%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-1.61%
EPS NY rev (1m)0.75%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 7.45 | ||
| P/S | 4.23 | ||
| P/FCF | 34.51 | ||
| P/OCF | 31.11 | ||
| P/B | 0.82 | ||
| P/tB | 1 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.01
EY8.28%
EPS(NY)3.26
Fwd EY13.43%
FCF(TTM)0.7
FCFY2.9%
OCF(TTM)0.78
OCFY3.21%
SpS5.74
BVpS29.77
TBVpS24.16
PEG (NY)0.31
PEG (5Y)N/A
Graham Number36.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.09% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 10.87% | ||
| GM | N/A | ||
| FCFM | 12.27% |
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 | 0.18 | ||
| Debt/FCF | 7.82 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 56.92% | ||
| Cap/Sales | 1.34% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 112.82% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC15%
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)9.24%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%19.57%
EPS Next Y38.65%
EPS Next 2Y33.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.09%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%28.39%
Revenue Next Year48.89%
Revenue Next 2Y38.34%
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-74.35%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-72.64%
OCF growth 3Y-33.05%
OCF growth 5Y0%