CHESAPEAKE UTILITIES CORP (CPK) Stock Fundamental Analysis
NYSE:CPK - US1653031088 - Common Stock
125.58 USD
+1.12 (+0.9%)
125.58 USD
0 (0%)
Overall CPK gets a fundamental rating of 4 out of 10. We evaluated CPK against 14 industry peers in the Gas Utilities industry. CPK has an excellent profitability rating, but there are concerns on its financial health. CPK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CPK was profitable.
CPK had a positive operating cash flow in the past year.
CPK had positive earnings in each of the past 5 years.
CPK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CPK has a better Return On Assets (3.45%) than 64.29% of its industry peers.
The Return On Equity of CPK (8.60%) is better than 64.29% of its industry peers.
CPK has a Return On Invested Capital (5.23%) which is in line with its industry peers.
CPK had an Average Return On Invested Capital over the past 3 years of 4.74%. This is in line with the industry average of 6.32%.
The last Return On Invested Capital (5.23%) for CPK is above the 3 year average (4.74%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.45% | ||
| ROE | 8.6% | ||
| ROIC | 5.23% |
ROA(3y)3.34%
ROA(5y)3.53%
ROE(3y)8.77%
ROE(5y)9.47%
ROIC(3y)4.74%
ROIC(5y)4.78%
1.3 Margins
CPK has a better Profit Margin (14.88%) than 85.71% of its industry peers.
In the last couple of years the Profit Margin of CPK has grown nicely.
CPK has a better Operating Margin (28.55%) than 78.57% of its industry peers.
CPK's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 69.40%, CPK is doing good in the industry, outperforming 64.29% of the companies in the same industry.
CPK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.55% | ||
| PM (TTM) | 14.88% | ||
| GM | 69.4% |
OM growth 3Y8.64%
OM growth 5Y5.9%
PM growth 3Y0.95%
PM growth 5Y2.08%
GM growth 3Y2.36%
GM growth 5Y1.24%
2. Health
2.1 Basic Checks
CPK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CPK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CPK has more shares outstanding
The debt/assets ratio for CPK has been reduced compared to a year ago.
2.2 Solvency
CPK has an Altman-Z score of 1.38. This is a bad value and indicates that CPK is not financially healthy and even has some risk of bankruptcy.
CPK has a better Altman-Z score (1.38) than 71.43% of its industry peers.
A Debt/Equity ratio of 1.00 indicates that CPK is somewhat dependend on debt financing.
CPK has a better Debt to Equity ratio (1.00) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACC0.73
WACC7.12%
2.3 Liquidity
CPK has a Current Ratio of 0.42. This is a bad value and indicates that CPK is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.42, CPK is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
CPK has a Quick Ratio of 0.42. This is a bad value and indicates that CPK is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CPK (0.36) is worse than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.87% over the past year.
CPK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.26% yearly.
The Revenue has grown by 18.90% in the past year. This is quite good.
Measured over the past years, CPK shows a quite strong growth in Revenue. The Revenue has been growing by 10.42% on average per year.
EPS 1Y (TTM)19.87%
EPS 3Y3.67%
EPS 5Y6.26%
EPS Q2Q%24.39%
Revenue 1Y (TTM)18.9%
Revenue growth 3Y11.36%
Revenue growth 5Y10.42%
Sales Q2Q%15.95%
3.2 Future
Based on estimates for the next years, CPK will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.46% on average per year.
CPK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.09% yearly.
EPS Next Y20.26%
EPS Next 2Y13.36%
EPS Next 3Y11.18%
EPS Next 5Y9.46%
Revenue Next Year11.24%
Revenue Next 2Y7.3%
Revenue Next 3Y4.22%
Revenue Next 5Y5.09%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.39, which indicates a rather expensive current valuation of CPK.
Compared to the rest of the industry, the Price/Earnings ratio of CPK indicates a slightly more expensive valuation: CPK is more expensive than 78.57% of the companies listed in the same industry.
CPK's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.06.
Based on the Price/Forward Earnings ratio of 18.54, the valuation of CPK can be described as rather expensive.
71.43% of the companies in the same industry are cheaper than CPK, based on the Price/Forward Earnings ratio.
CPK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.39 | ||
| Fwd PE | 18.54 |
4.2 Price Multiples
CPK's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. CPK is more expensive than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.11 |
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.
PEG (NY)1.1
PEG (5Y)3.58
EPS Next 2Y13.36%
EPS Next 3Y11.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.20%, CPK has a reasonable but not impressive dividend return.
With a Dividend Yield of 2.20, CPK pays less dividend than the industry average, which is at 3.96. 85.71% of the companies listed in the same industry pay a better dividend than CPK!
Compared to an average S&P500 Dividend Yield of 2.45, CPK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
5.2 History
The dividend of CPK is nicely growing with an annual growth rate of 9.78%!
CPK has paid a dividend for at least 10 years, which is a reliable track record.
CPK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.78%
Div Incr Years21
Div Non Decr Years34
5.3 Sustainability
CPK pays out 44.49% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CPK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.49%
EPS Next 2Y13.36%
EPS Next 3Y11.18%
125.58
+1.12 (+0.9%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners86.38%
Inst Owner Change0.51%
Ins Owners1.36%
Ins Owner Change0.65%
Market Cap2.96B
Analysts84.44
Price Target138.72 (10.46%)
Short Float %2.39%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
Yearly Dividend2.4
Dividend Growth(5Y)9.78%
DP44.49%
Div Incr Years21
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.2%
Min EPS beat(2)-5.73%
Max EPS beat(2)-0.67%
EPS beat(4)1
Avg EPS beat(4)1.61%
Min EPS beat(4)-5.73%
Max EPS beat(4)15.07%
EPS beat(8)2
Avg EPS beat(8)-3.96%
EPS beat(12)3
Avg EPS beat(12)-5.78%
EPS beat(16)6
Avg EPS beat(16)-2.09%
Revenue beat(2)2
Avg Revenue beat(2)10.92%
Min Revenue beat(2)4.63%
Max Revenue beat(2)17.22%
Revenue beat(4)2
Avg Revenue beat(4)0.9%
Min Revenue beat(4)-10.5%
Max Revenue beat(4)17.22%
Revenue beat(8)2
Avg Revenue beat(8)-6.14%
Revenue beat(12)3
Avg Revenue beat(12)-6.37%
Revenue beat(16)5
Avg Revenue beat(16)-4.75%
PT rev (1m)-0.49%
PT rev (3m)1.06%
EPS NQ rev (1m)0.84%
EPS NQ rev (3m)-14.94%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-0.19%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-17.48%
Revenue NY rev (1m)0.65%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.39 | ||
| Fwd PE | 18.54 | ||
| P/S | 3.41 | ||
| P/FCF | N/A | ||
| P/OCF | 14 | ||
| P/B | 1.97 | ||
| P/tB | 3.02 | ||
| EV/EBITDA | 13.11 |
EPS(TTM)5.61
EY4.47%
EPS(NY)6.77
Fwd EY5.39%
FCF(TTM)-8.5
FCFYN/A
OCF(TTM)8.97
OCFY7.15%
SpS36.82
BVpS63.68
TBVpS41.52
PEG (NY)1.1
PEG (5Y)3.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.45% | ||
| ROE | 8.6% | ||
| ROCE | 7.55% | ||
| ROIC | 5.23% | ||
| ROICexc | 5.23% | ||
| ROICexgc | 6.14% | ||
| OM | 28.55% | ||
| PM (TTM) | 14.88% | ||
| GM | 69.4% | ||
| FCFM | N/A |
ROA(3y)3.34%
ROA(5y)3.53%
ROE(3y)8.77%
ROE(5y)9.47%
ROIC(3y)4.74%
ROIC(5y)4.78%
ROICexc(3y)4.75%
ROICexc(5y)4.8%
ROICexgc(3y)5.39%
ROICexgc(5y)5.24%
ROCE(3y)6.87%
ROCE(5y)7.04%
ROICexcg growth 3Y5.97%
ROICexcg growth 5Y3.85%
ROICexc growth 3Y1.15%
ROICexc growth 5Y0.9%
OM growth 3Y8.64%
OM growth 5Y5.9%
PM growth 3Y0.95%
PM growth 5Y2.08%
GM growth 3Y2.36%
GM growth 5Y1.24%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.63 | ||
| Cap/Depr | 546.04% | ||
| Cap/Sales | 47.45% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.38 |
F-Score7
WACC7.12%
ROIC/WACC0.73
Cap/Depr(3y)338.25%
Cap/Depr(5y)319.58%
Cap/Sales(3y)30.7%
Cap/Sales(5y)31.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.87%
EPS 3Y3.67%
EPS 5Y6.26%
EPS Q2Q%24.39%
EPS Next Y20.26%
EPS Next 2Y13.36%
EPS Next 3Y11.18%
EPS Next 5Y9.46%
Revenue 1Y (TTM)18.9%
Revenue growth 3Y11.36%
Revenue growth 5Y10.42%
Sales Q2Q%15.95%
Revenue Next Year11.24%
Revenue Next 2Y7.3%
Revenue Next 3Y4.22%
Revenue Next 5Y5.09%
EBIT growth 1Y23.36%
EBIT growth 3Y20.99%
EBIT growth 5Y16.94%
EBIT Next Year50.04%
EBIT Next 3Y20.97%
EBIT Next 5Y15.98%
FCF growth 1Y-753.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.75%
OCF growth 3Y16.73%
OCF growth 5Y18.37%