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CNB FINANCIAL CORP/PA (CCNE) Stock Fundamental Analysis

NASDAQ:CCNE - Nasdaq - US1261281075 - Common Stock - Currency: USD

25.23  -0.47 (-1.83%)

After market: 25.23 0 (0%)

Fundamental Rating

3

Overall CCNE gets a fundamental rating of 3 out of 10. We evaluated CCNE against 405 industry peers in the Banks industry. CCNE may be in some trouble as it scores bad on both profitability and health. CCNE has a bad growth rate and is valued cheaply. CCNE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year CCNE was profitable.
In the past year CCNE had a positive cash flow from operations.
Of the past 5 years CCNE 4 years were profitable.
CCNE had a positive operating cash flow in 4 of the past 5 years.
CCNE Yearly Net Income VS EBIT VS OCF VS FCFCCNE 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 20M 40M 60M

1.2 Ratios

CCNE has a Return On Assets (0.81%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 8.05%, CCNE is in line with its industry, outperforming 49.37% of the companies in the same industry.
Industry RankSector Rank
ROA 0.81%
ROE 8.05%
ROIC N/A
ROA(3y)1%
ROA(5y)0.95%
ROE(3y)10.81%
ROE(5y)10.62%
ROIC(3y)N/A
ROIC(5y)N/A
CCNE Yearly ROA, ROE, ROICCCNE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

The Profit Margin of CCNE (21.79%) is comparable to the rest of the industry.
CCNE's Profit Margin has declined in the last couple of years.
CCNE does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 21.79%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.36%
PM growth 5Y-2.19%
GM growth 3YN/A
GM growth 5YN/A
CCNE Yearly Profit, Operating, Gross MarginsCCNE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

CCNE does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for CCNE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CCNE Yearly Shares OutstandingCCNE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
CCNE Yearly Total Debt VS Total AssetsCCNE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

CCNE has a debt to FCF ratio of 2.02. This is a good value and a sign of high solvency as CCNE would need 2.02 years to pay back of all of its debts.
CCNE has a Debt to FCF ratio (2.02) which is in line with its industry peers.
CCNE has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
CCNE has a Debt to Equity ratio (0.17) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 2.02
Altman-Z N/A
ROIC/WACCN/A
WACC18.62%
CCNE Yearly LT Debt VS Equity VS FCFCCNE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CCNE Yearly Current Assets VS Current LiabilitesCCNE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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3

3. Growth

3.1 Past

CCNE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.03%.
The Earnings Per Share has been decreasing by -1.98% on average over the past years.
EPS 1Y (TTM)-7.03%
EPS 3Y-8.73%
EPS 5Y-1.98%
EPS Q2Q%6.45%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.83%

3.2 Future

The Earnings Per Share is expected to grow by 22.95% on average over the next years. This is a very strong growth
Based on estimates for the next years, CCNE will show a quite strong growth in Revenue. The Revenue will grow by 18.83% on average per year.
EPS Next Y14.88%
EPS Next 2Y22.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.12%
Revenue Next 2Y18.83%
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.
CCNE Yearly Revenue VS EstimatesCCNE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
CCNE Yearly EPS VS EstimatesCCNE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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7

4. Valuation

4.1 Price/Earnings Ratio

CCNE is valuated reasonably with a Price/Earnings ratio of 10.60.
Compared to the rest of the industry, the Price/Earnings ratio of CCNE indicates a somewhat cheap valuation: CCNE is cheaper than 76.19% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CCNE to the average of the S&P500 Index (29.63), we can say CCNE is valued rather cheaply.
A Price/Forward Earnings ratio of 9.23 indicates a reasonable valuation of CCNE.
81.70% of the companies in the same industry are more expensive than CCNE, based on the Price/Forward Earnings ratio.
CCNE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 10.6
Fwd PE 9.23
CCNE Price Earnings VS Forward Price EarningsCCNE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

68.92% of the companies in the same industry are more expensive than CCNE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.14
EV/EBITDA N/A
CCNE Per share dataCCNE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
CCNE's earnings are expected to grow with 22.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)N/A
EPS Next 2Y22.95%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.80%, CCNE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.18, CCNE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, CCNE pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.8%

5.2 History

On average, the dividend of CCNE grows each year by 6.19%, which is quite nice.
CCNE has been paying a dividend for at least 10 years, so it has a reliable track record.
CCNE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.19%
Div Incr Years1
Div Non Decr Years30
CCNE Yearly Dividends per shareCCNE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

CCNE pays out 39.11% of its income as dividend. This is a sustainable payout ratio.
The dividend of CCNE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.11%
EPS Next 2Y22.95%
EPS Next 3YN/A
CCNE Yearly Income VS Free CF VS DividendCCNE 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 40M 50M
CCNE Dividend Payout.CCNE Dividend Payout, showing the Payout Ratio.CCNE Dividend Payout.PayoutRetained Earnings

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CNB FINANCIAL CORP/PA

NASDAQ:CCNE (2/21/2025, 4:30:02 PM)

After market: 25.23 0 (0%)

25.23

-0.47 (-1.83%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28 2025-01-28/amc
Earnings (Next)04-14 2025-04-14/amc
Inst Owners59.71%
Inst Owner Change-92.76%
Ins Owners1.98%
Ins Owner Change-0.32%
Market Cap529.58M
Analysts82.5
Price Target28.56 (13.2%)
Short Float %1.35%
Short Ratio3.48
Dividend
Industry RankSector Rank
Dividend Yield 2.8%
Yearly Dividend0.91
Dividend Growth(5Y)6.19%
DP39.11%
Div Incr Years1
Div Non Decr Years30
Ex-Date02-28 2025-02-28 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.62%
Min EPS beat(2)5.47%
Max EPS beat(2)7.76%
EPS beat(4)4
Avg EPS beat(4)8.25%
Min EPS beat(4)5.47%
Max EPS beat(4)12.46%
EPS beat(8)5
Avg EPS beat(8)2.82%
EPS beat(12)7
Avg EPS beat(12)2.11%
EPS beat(16)11
Avg EPS beat(16)4.48%
Revenue beat(2)0
Avg Revenue beat(2)-0.96%
Min Revenue beat(2)-1.92%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-3.09%
Max Revenue beat(4)0.77%
Revenue beat(8)4
Avg Revenue beat(8)10%
Revenue beat(12)8
Avg Revenue beat(12)12.16%
Revenue beat(16)12
Avg Revenue beat(16)14.28%
PT rev (1m)-3.45%
PT rev (3m)1.82%
EPS NQ rev (1m)-3.3%
EPS NQ rev (3m)-3.3%
EPS NY rev (1m)1.65%
EPS NY rev (3m)-0.28%
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 10.6
Fwd PE 9.23
P/S 2.36
P/FCF 10.14
P/OCF 7.91
P/B 0.87
P/tB 0.94
EV/EBITDA N/A
EPS(TTM)2.38
EY9.43%
EPS(NY)2.73
Fwd EY10.84%
FCF(TTM)2.49
FCFY9.86%
OCF(TTM)3.19
OCFY12.65%
SpS10.67
BVpS28.89
TBVpS26.72
PEG (NY)0.71
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.81%
ROE 8.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.79%
GM N/A
FCFM 23.3%
ROA(3y)1%
ROA(5y)0.95%
ROE(3y)10.81%
ROE(5y)10.62%
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 3Y7.36%
PM growth 5Y-2.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 2.02
Debt/EBITDA N/A
Cap/Depr 189.53%
Cap/Sales 6.6%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 106.9%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC18.62%
ROIC/WACCN/A
Cap/Depr(3y)144.23%
Cap/Depr(5y)135.46%
Cap/Sales(3y)4.58%
Cap/Sales(5y)4.71%
Profit Quality(3y)84.74%
Profit Quality(5y)87.07%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.03%
EPS 3Y-8.73%
EPS 5Y-1.98%
EPS Q2Q%6.45%
EPS Next Y14.88%
EPS Next 2Y22.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.83%
Revenue Next Year20.12%
Revenue Next 2Y18.83%
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 1Y6.21%
FCF growth 3Y15.96%
FCF growth 5Y-2.91%
OCF growth 1Y14.4%
OCF growth 3Y17.81%
OCF growth 5Y0.95%