CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis
USA - NASDAQ:CNOB - US20786W1071 - Common Stock
24.13 USD
-0.13 (-0.54%)
24.13 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to CNOB. CNOB was compared to 388 industry peers in the Banks industry. CNOB has a bad profitability rating. Also its financial health evaluation is rather negative. CNOB is not valued too expensively and it also shows a decent growth rate.
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.
In the past 5 years CNOB always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.23%, CNOB is doing worse than 86.34% of the companies in the same industry.
The Return On Equity of CNOB (2.09%) is worse than 86.08% of its industry peers.
| 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
With a Profit Margin value of 10.87%, CNOB is not doing good in the industry: 81.44% of the companies in the same industry are doing better.
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
The number of shares outstanding for CNOB has been increased compared to 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 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 75.00% 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.
CNOB has a Debt to Equity ratio (0.18) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 7.82 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.98%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CNOB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.55%, which is quite impressive.
CNOB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.32% yearly.
CNOB shows a decrease in Revenue. In the last year, the revenue decreased by -1.87%.
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)-1.87%
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 25.01% yearly.
Based on estimates for the next years, CNOB will show a very strong growth in Revenue. The Revenue will grow by 27.09% on average per year.
EPS Next Y39.12%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
EPS Next 5YN/A
Revenue Next Year48.59%
Revenue Next 2Y38.61%
Revenue Next 3Y27.09%
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
With a Price/Earnings ratio of 10.58, the valuation of CNOB can be described as very reasonable.
Based on the Price/Earnings ratio, CNOB is valued a bit cheaper than the industry average as 65.21% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.89, CNOB is valued rather cheaply.
A Price/Forward Earnings ratio of 7.29 indicates a rather cheap valuation of CNOB.
Based on the Price/Forward Earnings ratio, CNOB is valued cheaper than 88.92% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. CNOB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 7.29 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than the industry average as 78.87% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.3 | ||
| 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 25.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y34.87%
EPS Next 3Y25.01%
5. Dividend
5.1 Amount
CNOB has a Yearly Dividend Yield of 2.93%. Purely for dividend investing, there may be better candidates out there.
CNOB's Dividend Yield is comparable with the industry average which is at 3.38.
Compared to an average S&P500 Dividend Yield of 2.36, CNOB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
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
107.52% of the earnings are spent on dividend by CNOB. This is not a sustainable payout ratio.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP107.52%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
24.13
-0.13 (-0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners70.88%
Inst Owner Change1.25%
Ins Owners3.41%
Ins Owner Change4.2%
Market Cap1.21B
Revenue(TTM)264.06M
Net Income(TTM)31.35M
Analysts86
Price Target29.96 (24.16%)
Short Float %4.14%
Short Ratio6.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
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)0.86%
PT rev (3m)0.86%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)1.89%
EPS NY rev (1m)0.34%
EPS NY rev (3m)1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.99%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)2.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 7.29 | ||
| P/S | 4.21 | ||
| P/FCF | 34.3 | ||
| P/OCF | 30.92 | ||
| P/B | 0.81 | ||
| P/tB | 1 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY9.45%
EPS(NY)3.31
Fwd EY13.72%
FCF(TTM)0.7
FCFY2.92%
OCF(TTM)0.78
OCFY3.23%
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
WACC14.98%
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 Y39.12%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%64.15%
Revenue Next Year48.59%
Revenue Next 2Y38.61%
Revenue Next 3Y27.09%
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 3 / 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 10.58 and the Price/Book (PB) ratio is 0.81.
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%.