26.18 USD
-0.26 (-0.98%)
26.18 USD
0 (0%)
Overall CNOB gets a fundamental rating of 4 out of 10. We evaluated CNOB against 387 industry peers in the Banks industry. Both the profitability and financial health of CNOB have multiple concerns. CNOB is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year CNOB was profitable.
In the past year CNOB had a positive cash flow from operations.
CNOB had positive earnings in each of the past 5 years.
Each year in the past 5 years CNOB had a positive operating cash flow.
1.2 Ratios
CNOB's Return On Assets of 0.39% is on the low side compared to the rest of the industry. CNOB is outperformed by 82.69% of its industry peers.
The Return On Equity of CNOB (3.58%) is worse than 83.46% 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
CNOB has a worse Profit Margin (16.02%) than 74.42% of its industry peers.
In the last couple of years the Profit Margin of CNOB has declined.
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.
Compared to 1 year ago, CNOB has less shares outstanding
CNOB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CNOB has a worse debt to assets ratio.
2.2 Solvency
CNOB has a debt to FCF ratio of 2.38. This is a good value and a sign of high solvency as CNOB would need 2.38 years to pay back of all of its debts.
The Debt to FCF ratio of CNOB (2.38) is comparable to the rest of the industry.
CNOB has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
CNOB has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: CNOB outperforms 59.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.7%
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!
CNOB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
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
The Earnings Per Share is expected to grow by 26.72% on average over the next years. This is a very strong growth
Based on estimates for the next years, CNOB will show a very strong growth in Revenue. The Revenue will grow by 25.72% on average per year.
EPS Next Y37.49%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
EPS Next 5YN/A
Revenue Next Year46.11%
Revenue Next 2Y37.48%
Revenue Next 3Y25.72%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.48 indicates a reasonable valuation of CNOB.
60.98% of the companies in the same industry are more expensive than CNOB, based on the Price/Earnings ratio.
CNOB is valuated cheaply when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.91, the valuation of CNOB can be described as very cheap.
87.60% of the companies in the same industry are more expensive than CNOB, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, CNOB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.48 | ||
| Fwd PE | 7.91 |
4.2 Price Multiples
CNOB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. CNOB is more expensive than 65.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.5 | ||
| 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.
A more expensive valuation may be justified as CNOB's earnings are expected to grow with 26.72% in the coming years.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y34.88%
EPS Next 3Y26.72%
5. Dividend
5.1 Amount
CNOB has a Yearly Dividend Yield of 2.72%.
CNOB's Dividend Yield is comparable with the industry average which is at 3.11.
CNOB's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
On average, the dividend of CNOB grows each year by 19.08%, which is quite nice.
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
65.04% of the earnings are spent on dividend by CNOB. This is not a sustainable payout ratio.
The dividend of CNOB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.04%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
26.18
-0.26 (-0.98%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.9%
Inst Owner Change2.5%
Ins Owners3.41%
Ins Owner Change0.12%
Market Cap1.32B
Revenue(TTM)344.16M
Net Income(TTM)55.12M
Analysts85.45
Price Target30.09 (14.94%)
Short Float %3.95%
Short Ratio7.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP65.04%
Div Incr Years6
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.38%
Min EPS beat(2)-1.24%
Max EPS beat(2)2.01%
EPS beat(4)3
Avg EPS beat(4)6.89%
Min EPS beat(4)-1.24%
Max EPS beat(4)18.1%
EPS beat(8)5
Avg EPS beat(8)3.61%
EPS beat(12)7
Avg EPS beat(12)1.35%
EPS beat(16)9
Avg EPS beat(16)0.21%
Revenue beat(2)1
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-9.25%
Max Revenue beat(2)3.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-9.25%
Max Revenue beat(4)3.36%
Revenue beat(8)1
Avg Revenue beat(8)-3.41%
Revenue beat(12)1
Avg Revenue beat(12)-3.79%
Revenue beat(16)5
Avg Revenue beat(16)-1.86%
PT rev (1m)0.43%
PT rev (3m)1.29%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)0.45%
EPS NY rev (1m)-1.17%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)-1.4%
Revenue NQ rev (3m)-1.61%
Revenue NY rev (1m)-1.67%
Revenue NY rev (3m)-3.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.48 | ||
| Fwd PE | 7.91 | ||
| P/S | 3.82 | ||
| P/FCF | 15.5 | ||
| P/OCF | 14.47 | ||
| P/B | 0.86 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY8.71%
EPS(NY)3.31
Fwd EY12.65%
FCF(TTM)1.69
FCFY6.45%
OCF(TTM)1.81
OCFY6.91%
SpS6.85
BVpS30.6
TBVpS25.06
PEG (NY)0.31
PEG (5Y)N/A
Graham Number39.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 3.58% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 16.02% | ||
| GM | N/A | ||
| FCFM | 24.67% |
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 | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 57.98% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 154.01% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC14.7%
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 Y37.49%
EPS Next 2Y34.88%
EPS Next 3Y26.72%
EPS Next 5YN/A
Revenue 1Y (TTM)31.54%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
Revenue Next Year46.11%
Revenue Next 2Y37.48%
Revenue Next 3Y25.72%
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-40.05%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-37.93%
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 11.48 and the Price/Book (PB) ratio is 0.86.
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 65.04%.