28.76 USD
+0.24 (+0.84%)
29.32 USD
+0.56 (+1.95%)
Taking everything into account, CNOB scores 4 out of 10 in our fundamental rating. CNOB was compared to 383 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
- In the past year CNOB was profitable.
- CNOB had a positive operating cash flow in the past year.
- Each year in the past 5 years CNOB has been profitable.
- CNOB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 0.39%, CNOB is not doing good in the industry: 82.77% of the companies in the same industry are doing better.
- The Return On Equity of CNOB (3.58%) is worse than 83.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 16.02%, CNOB is doing worse than 74.41% of the companies in the same industry.
- CNOB's Profit Margin has declined in the last couple of years.
- The Operating Margin and Gross Margin are not available for CNOB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 16.02% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
- The number of shares outstanding for CNOB has been reduced compared to 1 year ago.
- Compared to 5 years ago, CNOB has more shares outstanding
- CNOB has a worse debt/assets ratio than last year.
2.2 Solvency
- The Debt to FCF ratio of CNOB is 2.38, which is a good value as it means it would take CNOB, 2.38 years of fcf income to pay off all of its debts.
- CNOB has a Debt to FCF ratio of 2.38. This is comparable to the rest of the industry: CNOB outperforms 42.82% of its industry peers.
- A Debt/Equity ratio of 0.13 indicates that CNOB is not too dependend on debt financing.
- CNOB has a better Debt to Equity ratio (0.13) than 60.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.32%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 29.55% over the past year.
- Measured over the past years, CNOB shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.32% on average per year.
- The Revenue has grown by 31.54% in the past year. This is a very strong growth!
- The Revenue has been growing slightly by 6.33% on average over the past years.
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
3.2 Future
- CNOB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.03% yearly.
- The Revenue is expected to grow by 26.82% on average over the next years. This is a very strong growth
EPS Next Y39.09%
EPS Next 2Y35.29%
EPS Next 3Y27.03%
EPS Next 5YN/A
Revenue Next Year48.38%
Revenue Next 2Y38.88%
Revenue Next 3Y26.82%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- CNOB is valuated correctly with a Price/Earnings ratio of 12.61.
- CNOB's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of CNOB to the average of the S&P500 Index (27.32), we can say CNOB is valued rather cheaply.
- CNOB is valuated reasonably with a Price/Forward Earnings ratio of 8.63.
- Based on the Price/Forward Earnings ratio, CNOB is valued cheaper than 86.68% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.32. CNOB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.61 | ||
| Fwd PE | 8.63 |
4.2 Price Multiples
- 67.89% of the companies in the same industry are cheaper than CNOB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.03 | ||
| EV/EBITDA | N/A |
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.
- CNOB's earnings are expected to grow with 27.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y35.29%
EPS Next 3Y27.03%
5. Dividend
5.1 Amount
- CNOB has a Yearly Dividend Yield of 2.64%. Purely for dividend investing, there may be better candidates out there.
- CNOB's Dividend Yield is comparable with the industry average which is at 2.84.
- CNOB's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
5.2 History
- The dividend of CNOB is nicely growing with an annual growth rate of 19.08%!
- CNOB has been paying a dividend for at least 10 years, so it has a reliable track record.
- CNOB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
5.3 Sustainability
- CNOB pays out 65.04% of its income as dividend. This is not a sustainable payout ratio.
- CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.04%
EPS Next 2Y35.29%
EPS Next 3Y27.03%
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill fundamental rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CNOB.
What is the valuation status for CNOB stock?
ChartMill assigns a valuation rating of 5 / 10 to CONNECTONE BANCORP INC (CNOB). This can be considered as Fairly Valued.
What is the profitability of CNOB stock?
CONNECTONE BANCORP INC (CNOB) has a profitability rating of 2 / 10.
Can you provide the financial health for CNOB stock?
The financial health rating of CONNECTONE BANCORP INC (CNOB) is 2 / 10.
What is the earnings growth outlook for CONNECTONE BANCORP INC?
The Earnings per Share (EPS) of CONNECTONE BANCORP INC (CNOB) is expected to grow by 39.09% in the next year.