CHESAPEAKE UTILITIES CORP (CPK)
US1653031088 - Common Stock
Taking everything into account, CPK scores 4 out of 10 in our fundamental rating. CPK was compared to 14 industry peers in the Gas Utilities industry. CPK has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, CPK is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CPK was profitable.
In the past year CPK had a positive cash flow from operations.
Each year in the past 5 years CPK has been profitable.
In the past 5 years CPK always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.64%, CPK is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Return On Equity of CPK (7.00%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.86%, CPK perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CPK is in line with the industry average of 5.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 7% | ||
| ROIC | 3.86% |
ROA(3y)3.55%
ROA(5y)3.6%
ROE(3y)9.52%
ROE(5y)10.09%
ROIC(3y)4.66%
ROIC(5y)4.72%
1.3 Margins
With a decent Profit Margin value of 13.00%, CPK is doing good in the industry, outperforming 71.43% of the companies in the same industry.
CPK's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 24.03%, CPK is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Operating Margin of CPK has grown nicely.
The Gross Margin of CPK (67.72%) is better than 71.43% of its industry peers.
In the last couple of years the Gross Margin of CPK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.03% | ||
| PM (TTM) | 13% | ||
| GM | 67.72% |
OM growth 3Y1.38%
OM growth 5Y4.47%
PM growth 3Y-3.88%
PM growth 5Y2.41%
GM growth 3Y-1.91%
GM growth 5Y2.04%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPK is destroying value.
Compared to 1 year ago, CPK has more shares outstanding
The number of shares outstanding for CPK has been increased compared to 5 years ago.
Compared to 1 year ago, CPK has a worse debt to assets ratio.
2.2 Solvency
CPK has an Altman-Z score of 1.19. This is a bad value and indicates that CPK is not financially healthy and even has some risk of bankruptcy.
CPK has a Altman-Z score of 1.19. This is in the better half of the industry: CPK outperforms 71.43% of its industry peers.
The Debt to FCF ratio of CPK is 93.21, which is on the high side as it means it would take CPK, 93.21 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CPK (93.21) is worse than 71.43% of its industry peers.
CPK has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
CPK has a Debt to Equity ratio of 1.10. This is in the better half of the industry: CPK outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | 93.21 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.55
WACC7.02%
2.3 Liquidity
A Current Ratio of 0.48 indicates that CPK may have some problems paying its short term obligations.
CPK has a worse Current ratio (0.48) than 85.71% of its industry peers.
A Quick Ratio of 0.39 indicates that CPK may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.39, CPK is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
The earnings per share for CPK have decreased by -6.34% in the last year.
CPK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.34% yearly.
CPK shows a decrease in Revenue. In the last year, the revenue decreased by -1.48%.
The Revenue has been growing slightly by 6.46% on average over the past years.
EPS 1Y (TTM)-6.34%
EPS 3Y3.88%
EPS 5Y7.34%
EPS growth Q2Q-14.29%
Revenue 1Y (TTM)-1.48%
Revenue growth 3Y11.16%
Revenue growth 5Y6.46%
Revenue growth Q2Q-1.05%
3.2 Future
CPK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.43% yearly.
CPK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.30% yearly.
EPS Next Y15.27%
EPS Next 2Y15.42%
EPS Next 3Y12.69%
EPS Next 5Y10.43%
Revenue Next Year25.69%
Revenue Next 2Y16.37%
Revenue Next 3Y13.92%
Revenue Next 5Y12.3%
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
CPK is valuated rather expensively with a Price/Earnings ratio of 22.23.
85.71% of the companies in the same industry are cheaper than CPK, based on the Price/Earnings ratio.
CPK's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.92.
With a Price/Forward Earnings ratio of 19.28, CPK is valued on the expensive side.
Based on the Price/Forward Earnings ratio, CPK is valued a bit more expensive than 64.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, CPK is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.23 | ||
| Fwd PE | 19.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CPK is valued more expensive than 85.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CPK is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 157.51 | ||
| EV/EBITDA | 15.73 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CPK may justify a higher PE ratio.
CPK's earnings are expected to grow with 12.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.46
PEG (5Y)3.03
EPS Next 2Y15.42%
EPS Next 3Y12.69%
5. Dividend
5.1 Amount
CPK has a Yearly Dividend Yield of 2.30%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.30, CPK pays less dividend than the industry average, which is at 4.77. 92.86% of the companies listed in the same industry pay a better dividend than CPK!
Compared to an average S&P500 Dividend Yield of 2.43, CPK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.3% |
5.2 History
On average, the dividend of CPK grows each year by 8.27%, which is quite nice.
CPK has paid a dividend for at least 10 years, which is a reliable track record.
CPK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.27%
Div Incr Years19
Div Non Decr Years19
5.3 Sustainability
45.88% of the earnings are spent on dividend by CPK. This is a bit on the high side, but may be sustainable.
CPK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP45.88%
EPS Next 2Y15.42%
EPS Next 3Y12.69%
CHESAPEAKE UTILITIES CORP
NYSE:CPK (4/26/2024, 7:04:00 PM)
After market: 105.13 0 (0%)105.13
-1.04 (-0.98%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.3% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.23 | ||
| Fwd PE | 19.28 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.46
PEG (5Y)3.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.03% | ||
| PM (TTM) | 13% | ||
| GM | 67.72% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-6.34%
EPS 3Y3.88%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.27%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.48%
Revenue growth 3Y11.16%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
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OCF growth 1Y
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