CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis
USA - NASDAQ:CNOB - US20786W1071 - Common Stock
23.91 USD
+0.04 (+0.17%)
23.91 USD
0 (0%)
CNOB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 390 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CNOB had positive earnings in the past year.
CNOB had a positive operating cash flow in the past year.
Each year in the past 5 years CNOB has been profitable.
In the past 5 years CNOB always reported a positive cash flow from operatings.
1.2 Ratios
CNOB has a Return On Assets of 0.23%. This is amonst the worse of the industry: CNOB underperforms 85.90% of its industry peers.
With a Return On Equity value of 2.09%, CNOB is not doing good in the industry: 85.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.09% | ||
| 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
CNOB has a worse Profit Margin (10.87%) than 81.03% of its industry peers.
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) | 10.87% | ||
| 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.
Compared to 1 year ago, CNOB has less shares outstanding
CNOB has more shares outstanding than it did 5 years ago.
CNOB has a worse debt/assets ratio than last year.
2.2 Solvency
CNOB has a debt to FCF ratio of 7.82. This is a slightly negative value and a sign of low solvency as CNOB would need 7.82 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.82, CNOB is doing worse than 75.13% of the companies in the same industry.
CNOB has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.18, CNOB is in line with its industry, outperforming 46.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 7.82 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.07%
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.
CNOB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.32% yearly.
The Revenue has decreased by -1.87% in the past year.
Measured over the past years, CNOB shows a small growth in Revenue. The Revenue has been growing by 6.33% on average per year.
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%99.44%
3.2 Future
The Earnings Per Share is expected to grow by 23.36% on average over the next years. This is a very strong growth
CNOB is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 38.34% yearly.
EPS Next Y38.9%
EPS Next 2Y34.38%
EPS Next 3Y23.36%
EPS Next 5YN/A
Revenue Next Year48.89%
Revenue Next 2Y38.34%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CNOB is valuated reasonably with a Price/Earnings ratio of 10.49.
Based on the Price/Earnings ratio, CNOB is valued a bit cheaper than 65.13% of the companies in the same industry.
When comparing the Price/Earnings ratio of CNOB to the average of the S&P500 Index (26.19), we can say CNOB is valued rather cheaply.
The Price/Forward Earnings ratio is 7.27, which indicates a rather cheap valuation of CNOB.
CNOB's Price/Forward Earnings ratio is rather cheap when compared to the industry. CNOB is cheaper than 88.46% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CNOB to the average of the S&P500 Index (22.50), we can say CNOB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.49 | ||
| Fwd PE | 7.27 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than 78.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.98 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CNOB's 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 23.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y34.38%
EPS Next 3Y23.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.01%, CNOB has a reasonable but not impressive dividend return.
CNOB's Dividend Yield is comparable with the industry average which is at 3.49.
Compared to an average S&P500 Dividend Yield of 2.33, CNOB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
5.2 History
The dividend of CNOB is nicely growing with an annual growth rate of 19.08%!
CNOB has paid a dividend for at least 10 years, which is 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 107.52% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CNOB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP107.52%
EPS Next 2Y34.38%
EPS Next 3Y23.36%
23.91
+0.04 (+0.17%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners70.88%
Inst Owner Change-0.14%
Ins Owners3.41%
Ins Owner Change4.2%
Market Cap1.20B
Revenue(TTM)264.06M
Net Income(TTM)31.35M
Analysts86
Price Target29.96 (25.3%)
Short Float %4.14%
Short Ratio6.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP107.52%
Div Incr Years6
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.73%
Min EPS beat(2)-1.24%
Max EPS beat(2)8.7%
EPS beat(4)2
Avg EPS beat(4)5.27%
Min EPS beat(4)-4.46%
Max EPS beat(4)18.1%
EPS beat(8)5
Avg EPS beat(8)3.41%
EPS beat(12)6
Avg EPS beat(12)0.11%
EPS beat(16)9
Avg EPS beat(16)0.61%
Revenue beat(2)1
Avg Revenue beat(2)-0.68%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)3.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.05%
Min Revenue beat(4)-6.06%
Max Revenue beat(4)3.36%
Revenue beat(8)1
Avg Revenue beat(8)-2.72%
Revenue beat(12)2
Avg Revenue beat(12)-2.76%
Revenue beat(16)6
Avg Revenue beat(16)-0.68%
PT rev (1m)0%
PT rev (3m)-1.69%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-1.61%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.49 | ||
| Fwd PE | 7.27 | ||
| P/S | 4.17 | ||
| P/FCF | 33.98 | ||
| P/OCF | 30.64 | ||
| P/B | 0.8 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY9.54%
EPS(NY)3.29
Fwd EY13.75%
FCF(TTM)0.7
FCFY2.94%
OCF(TTM)0.78
OCFY3.26%
SpS5.74
BVpS29.77
TBVpS24.16
PEG (NY)0.27
PEG (5Y)N/A
Graham Number39.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.09% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 10.87% | ||
| GM | N/A | ||
| FCFM | 12.27% |
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score3
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 7.82 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 56.92% | ||
| Cap/Sales | 1.34% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 112.82% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC15.07%
ROIC/WACCN/A
Cap/Depr(3y)83.7%
Cap/Depr(5y)66.34%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.42%
Profit Quality(3y)111.87%
Profit Quality(5y)120.48%
High Growth Momentum
Growth
EPS 1Y (TTM)29.55%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%62.79%
EPS Next Y38.9%
EPS Next 2Y34.38%
EPS Next 3Y23.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%99.44%
Revenue Next Year48.89%
Revenue Next 2Y38.34%
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 1Y-74.35%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-72.64%
OCF growth 3Y-33.05%
OCF growth 5Y0%
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 of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a valuation rating of 6 / 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.
What are the PE and PB ratios of CONNECTONE BANCORP INC (CNOB) stock?
The Price/Earnings (PE) ratio for CONNECTONE BANCORP INC (CNOB) is 10.49 and the Price/Book (PB) ratio is 0.8.
How sustainable is the dividend of CONNECTONE BANCORP INC (CNOB) stock?
The dividend rating of CONNECTONE BANCORP INC (CNOB) is 6 / 10 and the dividend payout ratio is 107.52%.