COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - NYSE:CVLG - US22284P1057 - Common Stock
19.22 USD
-0.44 (-2.24%)
19.22 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CVLG. CVLG was compared to 43 industry peers in the Ground Transportation industry. CVLG has only an average score on both its financial health and profitability. CVLG is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
CVLG had positive earnings in the past year.
CVLG had a positive operating cash flow in the past year.
Of the past 5 years CVLG 4 years were profitable.
CVLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVLG's Return On Assets of 3.58% is fine compared to the rest of the industry. CVLG outperforms 65.12% of its industry peers.
With a Return On Equity value of 8.67%, CVLG perfoms like the industry average, outperforming 58.14% of the companies in the same industry.
The Return On Invested Capital of CVLG (4.11%) is better than 60.47% of its industry peers.
CVLG had an Average Return On Invested Capital over the past 3 years of 6.14%. This is in line with the industry average of 7.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.58% | ||
| ROE | 8.67% | ||
| ROIC | 4.11% |
ROA(3y)7.68%
ROA(5y)5.21%
ROE(3y)16.9%
ROE(5y)10.67%
ROIC(3y)6.14%
ROIC(5y)5.88%
1.3 Margins
CVLG has a Profit Margin (3.18%) which is in line with its industry peers.
CVLG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 3.93%, CVLG perfoms like the industry average, outperforming 53.49% of the companies in the same industry.
In the last couple of years the Operating Margin of CVLG has grown nicely.
With an excellent Gross Margin value of 67.43%, CVLG belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
In the last couple of years the Gross Margin of CVLG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.93% | ||
| PM (TTM) | 3.18% | ||
| GM | 67.43% |
OM growth 3Y-12.2%
OM growth 5Y38.52%
PM growth 3Y-18.23%
PM growth 5Y27.09%
GM growth 3Y4.84%
GM growth 5Y1.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CVLG is destroying value.
The number of shares outstanding for CVLG has been increased compared to 1 year ago.
Compared to 5 years ago, CVLG has less shares outstanding
Compared to 1 year ago, CVLG has an improved debt to assets ratio.
2.2 Solvency
CVLG has an Altman-Z score of 2.18. This is not the best score and indicates that CVLG is in the grey zone with still only limited risk for bankruptcy at the moment.
CVLG has a Altman-Z score (2.18) which is in line with its industry peers.
CVLG has a debt to FCF ratio of 169.20. This is a negative value and a sign of low solvency as CVLG would need 169.20 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 169.20, CVLG is doing good in the industry, outperforming 62.79% of the companies in the same industry.
CVLG has a Debt/Equity ratio of 0.52. This is a neutral value indicating CVLG is somewhat dependend on debt financing.
CVLG has a Debt to Equity ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 169.2 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.51
WACC8.05%
2.3 Liquidity
CVLG has a Current Ratio of 1.09. This is a normal value and indicates that CVLG is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.09, CVLG is in line with its industry, outperforming 51.16% of the companies in the same industry.
A Quick Ratio of 1.06 indicates that CVLG should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.06, CVLG perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The earnings per share for CVLG have decreased strongly by -15.84% in the last year.
The Earnings Per Share has been growing by 43.91% on average over the past years. This is a very strong growth
CVLG shows a small growth in Revenue. In the last year, the Revenue has grown by 1.62%.
Measured over the past years, CVLG shows a small growth in Revenue. The Revenue has been growing by 5.03% on average per year.
EPS 1Y (TTM)-15.84%
EPS 3Y3.05%
EPS 5Y43.91%
EPS Q2Q%-19.27%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y2.65%
Revenue growth 5Y5.03%
Sales Q2Q%3.13%
3.2 Future
The Earnings Per Share is expected to grow by 6.29% on average over the next years.
The Revenue is expected to grow by 3.63% on average over the next years.
EPS Next Y-18.14%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
EPS Next 5YN/A
Revenue Next Year1.38%
Revenue Next 2Y3.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.31 indicates a reasonable valuation of CVLG.
Based on the Price/Earnings ratio, CVLG is valued cheaply inside the industry as 93.02% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CVLG to the average of the S&P500 Index (25.91), we can say CVLG is valued rather cheaply.
A Price/Forward Earnings ratio of 9.07 indicates a reasonable valuation of CVLG.
CVLG's Price/Forward Earnings ratio is rather cheap when compared to the industry. CVLG is cheaper than 95.35% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CVLG to the average of the S&P500 Index (34.57), we can say CVLG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.31 | ||
| Fwd PE | 9.07 |
4.2 Price Multiples
88.37% of the companies in the same industry are more expensive than CVLG, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVLG indicates a somewhat cheap valuation: CVLG is cheaper than 62.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 300.74 | ||
| EV/EBITDA | 5.64 |
4.3 Compensation for Growth
The decent profitability rating of CVLG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.44%, CVLG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.71, CVLG pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.36, CVLG is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
CVLG has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
CVLG pays out 18.14% of its income as dividend. This is a sustainable payout ratio.
DP18.14%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
19.22
-0.44 (-2.24%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners70.99%
Inst Owner ChangeN/A
Ins Owners27.56%
Ins Owner Change0.99%
Market Cap480.88M
Revenue(TTM)1.15B
Net Income(TTM)36.16M
Analysts82
Price Target30.26 (57.44%)
Short Float %3.23%
Short Ratio4.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP18.14%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.22%
Min EPS beat(2)-5.65%
Max EPS beat(2)3.2%
EPS beat(4)1
Avg EPS beat(4)-1.98%
Min EPS beat(4)-5.65%
Max EPS beat(4)3.2%
EPS beat(8)4
Avg EPS beat(8)0.2%
EPS beat(12)7
Avg EPS beat(12)2.42%
EPS beat(16)10
Avg EPS beat(16)6.42%
Revenue beat(2)1
Avg Revenue beat(2)-1.17%
Min Revenue beat(2)-5.67%
Max Revenue beat(2)3.33%
Revenue beat(4)1
Avg Revenue beat(4)-3.19%
Min Revenue beat(4)-5.86%
Max Revenue beat(4)3.33%
Revenue beat(8)2
Avg Revenue beat(8)-2.27%
Revenue beat(12)4
Avg Revenue beat(12)-1.27%
Revenue beat(16)8
Avg Revenue beat(16)0.68%
PT rev (1m)-5.82%
PT rev (3m)-9.18%
EPS NQ rev (1m)-4.93%
EPS NQ rev (3m)-6.25%
EPS NY rev (1m)-9.6%
EPS NY rev (3m)-10.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.31 | ||
| Fwd PE | 9.07 | ||
| P/S | 0.42 | ||
| P/FCF | 300.74 | ||
| P/OCF | 3.83 | ||
| P/B | 1.15 | ||
| P/tB | 1.99 | ||
| EV/EBITDA | 5.64 |
EPS(TTM)1.7
EY8.84%
EPS(NY)2.12
Fwd EY11.03%
FCF(TTM)0.06
FCFY0.33%
OCF(TTM)5.02
OCFY26.1%
SpS45.46
BVpS16.66
TBVpS9.66
PEG (NY)N/A
PEG (5Y)0.26
Graham Number25.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.58% | ||
| ROE | 8.67% | ||
| ROCE | 5.4% | ||
| ROIC | 4.11% | ||
| ROICexc | 4.11% | ||
| ROICexgc | 5.21% | ||
| OM | 3.93% | ||
| PM (TTM) | 3.18% | ||
| GM | 67.43% | ||
| FCFM | 0.14% |
ROA(3y)7.68%
ROA(5y)5.21%
ROE(3y)16.9%
ROE(5y)10.67%
ROIC(3y)6.14%
ROIC(5y)5.88%
ROICexc(3y)6.59%
ROICexc(5y)6.19%
ROICexgc(3y)8.26%
ROICexgc(5y)7.51%
ROCE(3y)8.04%
ROCE(5y)7.71%
ROICexgc growth 3Y-19.39%
ROICexgc growth 5Y45.18%
ROICexc growth 3Y-22.28%
ROICexc growth 5Y41.41%
OM growth 3Y-12.2%
OM growth 5Y38.52%
PM growth 3Y-18.23%
PM growth 5Y27.09%
GM growth 3Y4.84%
GM growth 5Y1.05%
F-Score6
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 169.2 | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 140.5% | ||
| Cap/Sales | 10.9% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.41% | ||
| Profit Quality | 4.42% | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 2.18 |
F-Score6
WACC8.05%
ROIC/WACC0.51
Cap/Depr(3y)220.86%
Cap/Depr(5y)174.34%
Cap/Sales(3y)13.83%
Cap/Sales(5y)11.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.84%
EPS 3Y3.05%
EPS 5Y43.91%
EPS Q2Q%-19.27%
EPS Next Y-18.14%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
EPS Next 5YN/A
Revenue 1Y (TTM)1.62%
Revenue growth 3Y2.65%
Revenue growth 5Y5.03%
Sales Q2Q%3.13%
Revenue Next Year1.38%
Revenue Next 2Y3.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-10.59%
EBIT growth 3Y-9.87%
EBIT growth 5Y45.48%
EBIT Next Year111.37%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y104.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.56%
OCF growth 3Y18.84%
OCF growth 5Y13.93%
COVENANT LOGISTICS GROUP INC / CVLG FAQ
Can you provide the ChartMill fundamental rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a fundamental rating of 5 / 10 to CVLG.
Can you provide the valuation status for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a valuation rating of 7 / 10 to COVENANT LOGISTICS GROUP INC (CVLG). This can be considered as Undervalued.
Can you provide the profitability details for COVENANT LOGISTICS GROUP INC?
COVENANT LOGISTICS GROUP INC (CVLG) has a profitability rating of 6 / 10.
What are the PE and PB ratios of COVENANT LOGISTICS GROUP INC (CVLG) stock?
The Price/Earnings (PE) ratio for COVENANT LOGISTICS GROUP INC (CVLG) is 11.31 and the Price/Book (PB) ratio is 1.15.
Can you provide the financial health for CVLG stock?
The financial health rating of COVENANT LOGISTICS GROUP INC (CVLG) is 4 / 10.