25.27 USD
-0.22 (-0.86%)
25.27 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 not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
CNOB had positive earnings in the past year.
In the past year CNOB had a positive cash flow from operations.
CNOB had positive earnings in each of the past 5 years.
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: 82.43% of the companies in the same industry are doing better.
The Return On Equity of CNOB (3.58%) is worse than 82.95% 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 74.94% 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
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
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 45.48% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that CNOB is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.13, CNOB perfoms like the industry average, outperforming 59.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.72%
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.
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 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
CNOB is valuated reasonably with a Price/Earnings ratio of 11.08.
Based on the Price/Earnings ratio, CNOB is valued a bit cheaper than 61.76% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, CNOB is valued rather cheaply.
CNOB is valuated cheaply with a Price/Forward Earnings ratio of 7.63.
87.34% of the companies in the same industry are more expensive than CNOB, based on the Price/Forward Earnings ratio.
CNOB is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.08 | ||
| Fwd PE | 7.63 |
4.2 Price Multiples
64.60% 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 | 14.96 | ||
| 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 25.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y34.87%
EPS Next 3Y25.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.82%, CNOB has a reasonable but not impressive dividend return.
CNOB's Dividend Yield is comparable with the industry average which is at 3.23.
Compared to an average S&P500 Dividend Yield of 2.34, CNOB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.04%
EPS Next 2Y34.87%
EPS Next 3Y25.01%
25.27
-0.22 (-0.86%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners70.88%
Inst Owner Change2.5%
Ins Owners3.41%
Ins Owner Change4.2%
Market Cap1.27B
Revenue(TTM)344.16M
Net Income(TTM)55.12M
Analysts86
Price Target30.09 (19.07%)
Short Float %4.2%
Short Ratio7.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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)1.29%
PT rev (3m)1.29%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)1.08%
EPS NY rev (1m)0.16%
EPS NY rev (3m)1%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.45%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)2.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.08 | ||
| Fwd PE | 7.63 | ||
| P/S | 3.69 | ||
| P/FCF | 14.96 | ||
| P/OCF | 13.97 | ||
| P/B | 0.83 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.28
EY9.02%
EPS(NY)3.31
Fwd EY13.1%
FCF(TTM)1.69
FCFY6.68%
OCF(TTM)1.81
OCFY7.16%
SpS6.85
BVpS30.6
TBVpS25.06
PEG (NY)0.28
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
WACC14.72%
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)31.54%
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-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 11.08 and the Price/Book (PB) ratio is 0.83.
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%.