COVENANT LOGISTICS GROUP INC (CVLG) Fundamental Analysis & Valuation

NYSE:CVLG • US22284P1057

Current stock price

27.15 USD
+0.34 (+1.27%)
At close:
27.15 USD
0 (0%)
After Hours:

This CVLG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. CVLG Profitability Analysis

1.1 Basic Checks

  • CVLG had positive earnings in the past year.
  • CVLG had a positive operating cash flow in the past year.
  • Each year in the past 5 years CVLG has been profitable.
  • Each year in the past 5 years CVLG had a positive operating cash flow.
CVLG Yearly Net Income VS EBIT VS OCF VS FCFCVLG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M 150M

1.2 Ratios

  • CVLG's Return On Assets of 0.69% is in line compared to the rest of the industry. CVLG outperforms 47.62% of its industry peers.
  • CVLG's Return On Equity of 1.79% is in line compared to the rest of the industry. CVLG outperforms 47.62% of its industry peers.
  • CVLG has a Return On Invested Capital (1.91%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CVLG is below the industry average of 7.15%.
Industry RankSector Rank
ROA 0.69%
ROE 1.79%
ROIC 1.91%
ROA(3y)3.36%
ROA(5y)6.61%
ROE(3y)7.89%
ROE(5y)13.97%
ROIC(3y)3.64%
ROIC(5y)6.08%
CVLG Yearly ROA, ROE, ROICCVLG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.62%, CVLG is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CVLG has declined.
  • Looking at the Operating Margin, with a value of 1.76%, CVLG is doing worse than 61.90% of the companies in the same industry.
  • CVLG's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 65.74%, CVLG 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 Gross Margin of CVLG has remained more or less at the same level.
Industry RankSector Rank
OM 1.76%
PM (TTM) 0.62%
GM 65.74%
OM growth 3Y-35.68%
OM growth 5Y6.63%
PM growth 3Y-58.87%
PM growth 5YN/A
GM growth 3Y3.34%
GM growth 5Y0.44%
CVLG Yearly Profit, Operating, Gross MarginsCVLG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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3

2. CVLG Health Analysis

2.1 Basic Checks

  • CVLG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for CVLG has been reduced compared to 1 year ago.
  • The number of shares outstanding for CVLG has been reduced compared to 5 years ago.
  • Compared to 1 year ago, CVLG has a worse debt to assets ratio.
CVLG Yearly Shares OutstandingCVLG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
CVLG Yearly Total Debt VS Total AssetsCVLG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 2.21 indicates that CVLG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CVLG's Altman-Z score of 2.21 is in line compared to the rest of the industry. CVLG outperforms 47.62% of its industry peers.
  • CVLG has a Debt/Equity ratio of 0.59. This is a neutral value indicating CVLG is somewhat dependend on debt financing.
  • CVLG has a Debt to Equity ratio of 0.59. This is in the lower half of the industry: CVLG underperforms 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 2.21
ROIC/WACC0.2
WACC9.77%
CVLG Yearly LT Debt VS Equity VS FCFCVLG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that CVLG should not have too much problems paying its short term obligations.
  • CVLG has a Current ratio of 1.11. This is comparable to the rest of the industry: CVLG outperforms 45.24% of its industry peers.
  • CVLG has a Quick Ratio of 1.08. 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 Quick ratio, with a value of 1.08, CVLG is in line with its industry, outperforming 45.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.08
CVLG Yearly Current Assets VS Current LiabilitesCVLG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CVLG Growth Analysis

3.1 Past

  • CVLG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.04%.
  • CVLG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.32% yearly.
  • CVLG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.92%.
  • CVLG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.79% yearly.
EPS 1Y (TTM)-23.04%
EPS 3Y-19.69%
EPS 5Y22.32%
EPS Q2Q%-36.73%
Revenue 1Y (TTM)2.92%
Revenue growth 3Y-1.46%
Revenue growth 5Y6.79%
Sales Q2Q%6.51%

3.2 Future

  • The Earnings Per Share is expected to grow by 28.74% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, CVLG will show a small growth in Revenue. The Revenue will grow by 6.55% on average per year.
EPS Next Y22.47%
EPS Next 2Y28.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.58%
Revenue Next 2Y6.55%
Revenue Next 3YN/A
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
CVLG Yearly Revenue VS EstimatesCVLG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
CVLG Yearly EPS VS EstimatesCVLG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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5

4. CVLG Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.86, the valuation of CVLG can be described as rather expensive.
  • Based on the Price/Earnings ratio, CVLG is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
  • CVLG is valuated rather cheaply when we compare the Price/Earnings ratio to 25.35, which is the current average of the S&P500 Index.
  • CVLG is valuated correctly with a Price/Forward Earnings ratio of 14.59.
  • CVLG's Price/Forward Earnings ratio is rather cheap when compared to the industry. CVLG is cheaper than 92.86% of the companies in the same industry.
  • CVLG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.86
Fwd PE 14.59
CVLG Price Earnings VS Forward Price EarningsCVLG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVLG indicates a somewhat cheap valuation: CVLG is cheaper than 76.19% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.56
CVLG Per share dataCVLG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

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 CVLG's earnings are expected to grow with 28.74% in the coming years.
PEG (NY)0.8
PEG (5Y)0.8
EPS Next 2Y28.74%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. CVLG Dividend Analysis

5.1 Amount

  • CVLG has a Yearly Dividend Yield of 1.03%.
  • Compared to an average industry Dividend Yield of 0.71, CVLG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, CVLG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.03%

5.2 History

  • CVLG has been paying a dividend for over 5 years, so it has already some track record.
  • CVLG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
CVLG Yearly Dividends per shareCVLG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • 98.94% of the earnings are spent on dividend by CVLG. This is not a sustainable payout ratio.
DP98.94%
EPS Next 2Y28.74%
EPS Next 3YN/A
CVLG Yearly Income VS Free CF VS DividendCVLG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M
CVLG Dividend Payout.CVLG Dividend Payout, showing the Payout Ratio.CVLG Dividend Payout.PayoutRetained Earnings

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CVLG Fundamentals: All Metrics, Ratios and Statistics

COVENANT LOGISTICS GROUP INC

NYSE:CVLG (3/31/2026, 8:27:49 PM)

After market: 27.15 0 (0%)

27.15

+0.34 (+1.27%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)01-29
Earnings (Next)04-21
Inst Owners69.08%
Inst Owner ChangeN/A
Ins Owners25.26%
Ins Owner Change-14.73%
Market Cap680.92M
Revenue(TTM)1.16B
Net Income(TTM)7.24M
Analysts82
Price Target32.3 (18.97%)
Short Float %3.62%
Short Ratio3.33
Dividend
Industry RankSector Rank
Dividend Yield 1.03%
Yearly Dividend0.28
Dividend Growth(5Y)N/A
DP98.94%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-06
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.56%
Min EPS beat(2)-14.99%
Max EPS beat(2)-4.14%
EPS beat(4)1
Avg EPS beat(4)-5.39%
Min EPS beat(4)-14.99%
Max EPS beat(4)3.2%
EPS beat(8)3
Avg EPS beat(8)-2.14%
EPS beat(12)6
Avg EPS beat(12)0.48%
EPS beat(16)9
Avg EPS beat(16)5.32%
Revenue beat(2)1
Avg Revenue beat(2)-0.09%
Min Revenue beat(2)-0.27%
Max Revenue beat(2)0.08%
Revenue beat(4)2
Avg Revenue beat(4)-0.63%
Min Revenue beat(4)-5.67%
Max Revenue beat(4)3.33%
Revenue beat(8)2
Avg Revenue beat(8)-2.08%
Revenue beat(12)4
Avg Revenue beat(12)-1.45%
Revenue beat(16)7
Avg Revenue beat(16)0.25%
PT rev (1m)0%
PT rev (3m)2.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 17.86
Fwd PE 14.59
P/S 0.58
P/FCF N/A
P/OCF 5.99
P/B 1.69
P/tB 3.12
EV/EBITDA 8.56
EPS(TTM)1.52
EY5.6%
EPS(NY)1.86
Fwd EY6.86%
FCF(TTM)-1.35
FCFYN/A
OCF(TTM)4.53
OCFY16.69%
SpS46.43
BVpS16.11
TBVpS8.69
PEG (NY)0.8
PEG (5Y)0.8
Graham Number23.47
Profitability
Industry RankSector Rank
ROA 0.69%
ROE 1.79%
ROCE 2.45%
ROIC 1.91%
ROICexc 1.92%
ROICexgc 2.47%
OM 1.76%
PM (TTM) 0.62%
GM 65.74%
FCFM N/A
ROA(3y)3.36%
ROA(5y)6.61%
ROE(3y)7.89%
ROE(5y)13.97%
ROIC(3y)3.64%
ROIC(5y)6.08%
ROICexc(3y)3.72%
ROICexc(5y)6.39%
ROICexgc(3y)4.77%
ROICexgc(5y)7.81%
ROCE(3y)4.68%
ROCE(5y)7.81%
ROICexgc growth 3Y-43.13%
ROICexgc growth 5Y6.86%
ROICexc growth 3Y-44.03%
ROICexc growth 5Y4.33%
OM growth 3Y-35.68%
OM growth 5Y6.63%
PM growth 3Y-58.87%
PM growth 5YN/A
GM growth 3Y3.34%
GM growth 5Y0.44%
F-Score4
Asset Turnover1.11
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Debt/EBITDA 2.09
Cap/Depr 159.15%
Cap/Sales 12.67%
Interest Coverage 1.56
Cash Conversion 100.4%
Profit Quality N/A
Current Ratio 1.11
Quick Ratio 1.08
Altman-Z 2.21
F-Score4
WACC9.77%
ROIC/WACC0.2
Cap/Depr(3y)215.68%
Cap/Depr(5y)177.44%
Cap/Sales(3y)15.3%
Cap/Sales(5y)11.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.04%
EPS 3Y-19.69%
EPS 5Y22.32%
EPS Q2Q%-36.73%
EPS Next Y22.47%
EPS Next 2Y28.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.92%
Revenue growth 3Y-1.46%
Revenue growth 5Y6.79%
Sales Q2Q%6.51%
Revenue Next Year5.58%
Revenue Next 2Y6.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-55.88%
EBIT growth 3Y-36.61%
EBIT growth 5Y13.87%
EBIT Next Year184.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-12.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-7.52%
OCF growth 3Y-10.63%
OCF growth 5Y12.51%

COVENANT LOGISTICS GROUP INC / CVLG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for COVENANT LOGISTICS GROUP INC?

ChartMill assigns a fundamental rating of 4 / 10 to CVLG.


What is the valuation status of COVENANT LOGISTICS GROUP INC (CVLG) stock?

ChartMill assigns a valuation rating of 5 / 10 to COVENANT LOGISTICS GROUP INC (CVLG). This can be considered as Fairly Valued.


What is the profitability of CVLG stock?

COVENANT LOGISTICS GROUP INC (CVLG) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for CVLG stock?

The Price/Earnings (PE) ratio for COVENANT LOGISTICS GROUP INC (CVLG) is 17.86 and the Price/Book (PB) ratio is 1.69.


Can you provide the financial health for CVLG stock?

The financial health rating of COVENANT LOGISTICS GROUP INC (CVLG) is 3 / 10.