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CODORUS VALLEY BANCORP INC (CVLY) Stock Fundamental Analysis

NASDAQ:CVLY - Nasdaq - US1920251048 - Common Stock - Currency: USD

24.04  +1.14 (+4.98%)

After market: 24.04 0 (0%)

Fundamental Rating

3

Overall CVLY gets a fundamental rating of 3 out of 10. We evaluated CVLY against 396 industry peers in the Banks industry. While CVLY is still in line with the averages on profitability rating, there are concerns on its financial health. CVLY is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year CVLY was profitable.
CVLY had a positive operating cash flow in the past year.
In the past 5 years CVLY has always been profitable.
In the past 5 years CVLY always reported a positive cash flow from operatings.
CVLY Yearly Net Income VS EBIT VS OCF VS FCFCVLY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

1.2 Ratios

CVLY's Return On Assets of 1.01% is fine compared to the rest of the industry. CVLY outperforms 66.10% of its industry peers.
CVLY has a better Return On Equity (11.06%) than 73.41% of its industry peers.
Industry RankSector Rank
ROA 1.01%
ROE 11.06%
ROIC N/A
ROA(3y)0.89%
ROA(5y)0.81%
ROE(3y)10.45%
ROE(5y)9.07%
ROIC(3y)N/A
ROIC(5y)N/A
CVLY Yearly ROA, ROE, ROICCVLY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

CVLY has a Profit Margin (23.98%) which is comparable to the rest of the industry.
CVLY's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for CVLY so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 23.98%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y33.26%
PM growth 5Y0.67%
GM growth 3YN/A
GM growth 5YN/A
CVLY Yearly Profit, Operating, Gross MarginsCVLY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

2

2. Health

2.1 Basic Checks

CVLY does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CVLY has more shares outstanding
The number of shares outstanding for CVLY has been reduced compared to 5 years ago.
CVLY has a worse debt/assets ratio than last year.
CVLY Yearly Shares OutstandingCVLY Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M
CVLY Yearly Total Debt VS Total AssetsCVLY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

CVLY has a debt to FCF ratio of 3.40. This is a good value and a sign of high solvency as CVLY would need 3.40 years to pay back of all of its debts.
The Debt to FCF ratio of CVLY (3.40) is comparable to the rest of the industry.
CVLY has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.36, CVLY is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.4
Altman-Z N/A
ROIC/WACCN/A
WACC15.28%
CVLY Yearly LT Debt VS Equity VS FCFCVLY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CVLY Yearly Current Assets VS Current LiabilitesCVLY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2

3. Growth

3.1 Past

The earnings per share for CVLY have decreased by -8.15% in the last year.
Measured over the past 5 years, CVLY shows a small growth in Earnings Per Share. The EPS has been growing by 5.77% on average per year.
CVLY shows a decrease in Revenue. In the last year, the revenue decreased by -2.47%.
CVLY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.33% yearly.
EPS 1Y (TTM)-8.15%
EPS 3Y44.5%
EPS 5Y5.77%
EPS Q2Q%-39.72%
Revenue 1Y (TTM)-2.47%
Revenue growth 3Y7.73%
Revenue growth 5Y4.33%
Sales Q2Q%-11.09%

3.2 Future

The Earnings Per Share is expected to decrease by -11.61% on average over the next years. This is quite bad
Based on estimates for the next years, CVLY will show a small growth in Revenue. The Revenue will grow by 0.95% on average per year.
EPS Next Y-31.64%
EPS Next 2Y-11.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.12%
Revenue Next 2Y0.95%
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.
CVLY Yearly Revenue VS EstimatesCVLY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
CVLY Yearly EPS VS EstimatesCVLY Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 0.5 1 1.5 2 2.5

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.41, which indicates a very decent valuation of CVLY.
CVLY's Price/Earnings is on the same level as the industry average.
CVLY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
CVLY is valuated reasonably with a Price/Forward Earnings ratio of 11.78.
CVLY's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CVLY is more expensive than 67.07% of the companies in the same industry.
CVLY is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.41
Fwd PE 11.78
CVLY Price Earnings VS Forward Price EarningsCVLY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as CVLY.
Industry RankSector Rank
P/FCF 10.85
EV/EBITDA N/A
CVLY Per share dataCVLY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

CVLY's earnings are expected to decrease with -11.61% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.8
EPS Next 2Y-11.61%
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.83%, CVLY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.30, CVLY is paying slightly less dividend.
CVLY's Dividend Yield is a higher than the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 2.83%

5.2 History

The dividend of CVLY has a limited annual growth rate of 3.21%.
CVLY has paid a dividend for at least 10 years, which is a reliable track record.
CVLY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.21%
Div Incr Years3
Div Non Decr Years3
CVLY Yearly Dividends per shareCVLY Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

28.99% of the earnings are spent on dividend by CVLY. This is a low number and sustainable payout ratio.
DP28.99%
EPS Next 2Y-11.61%
EPS Next 3YN/A
CVLY Yearly Income VS Free CF VS DividendCVLY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
CVLY Dividend Payout.CVLY Dividend Payout, showing the Payout Ratio.CVLY Dividend Payout.PayoutRetained Earnings

CODORUS VALLEY BANCORP INC

NASDAQ:CVLY (6/28/2024, 8:00:01 PM)

After market: 24.04 0 (0%)

24.04

+1.14 (+4.98%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-25 2024-04-25/amc
Earnings (Next)07-25 2024-07-25/amc
Inst Owners0.45%
Inst Owner Change0%
Ins Owners6.72%
Ins Owner Change0%
Market Cap232.23M
Analysts85.71
Price Target22.44 (-6.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.83%
Yearly Dividend0.66
Dividend Growth(5Y)3.21%
DP28.99%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.39%
Min EPS beat(2)-8.22%
Max EPS beat(2)5.44%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.62%
Min Revenue beat(2)-4.08%
Max Revenue beat(2)5.33%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.41
Fwd PE 11.78
P/S 2.5
P/FCF 10.85
P/OCF 10.15
P/B 1.16
P/tB 1.17
EV/EBITDA N/A
EPS(TTM)2.31
EY9.61%
EPS(NY)2.04
Fwd EY8.49%
FCF(TTM)2.22
FCFY9.22%
OCF(TTM)2.37
OCFY9.85%
SpS9.6
BVpS20.81
TBVpS20.57
PEG (NY)N/A
PEG (5Y)1.8
Profitability
Industry RankSector Rank
ROA 1.01%
ROE 11.06%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.98%
GM N/A
FCFM 23.08%
ROA(3y)0.89%
ROA(5y)0.81%
ROE(3y)10.45%
ROE(5y)9.07%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y33.26%
PM growth 5Y0.67%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.4
Debt/EBITDA N/A
Cap/Depr 62.26%
Cap/Sales 1.58%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 96.26%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC15.28%
ROIC/WACCN/A
Cap/Depr(3y)79.55%
Cap/Depr(5y)85.86%
Cap/Sales(3y)2.28%
Cap/Sales(5y)2.75%
Profit Quality(3y)138.64%
Profit Quality(5y)120.57%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.15%
EPS 3Y44.5%
EPS 5Y5.77%
EPS Q2Q%-39.72%
EPS Next Y-31.64%
EPS Next 2Y-11.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.47%
Revenue growth 3Y7.73%
Revenue growth 5Y4.33%
Sales Q2Q%-11.09%
Revenue Next Year-4.12%
Revenue Next 2Y0.95%
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 1Y7.95%
FCF growth 3Y27.43%
FCF growth 5Y1.87%
OCF growth 1Y3.74%
OCF growth 3Y22.83%
OCF growth 5Y1.05%