CHESAPEAKE UTILITIES CORP (CPK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CPK - US1653031088 - Common Stock
137.14 USD
+0.25 (+0.18%)
137.14 USD
0 (0%)
Overall CPK gets a fundamental rating of 4 out of 10. We evaluated CPK against 14 industry peers in the Gas Utilities industry. CPK has a medium profitability rating, but doesn't score so well on its financial health evaluation. CPK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CPK was profitable.
CPK had a positive operating cash flow in the past year.
Each year in the past 5 years CPK has been profitable.
Each year in the past 5 years CPK had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CPK (3.45%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 8.60%, CPK is in line with its industry, outperforming 50.00% of the companies in the same industry.
CPK has a Return On Invested Capital (5.23%) which is in line with its industry peers.
CPK had an Average Return On Invested Capital over the past 3 years of 4.74%. This is below the industry average of 8.93%.
The 3 year average ROIC (4.74%) for CPK is below the current ROIC(5.23%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.45% | ||
| ROE | 8.6% | ||
| ROIC | 5.23% |
ROA(3y)3.34%
ROA(5y)3.53%
ROE(3y)8.77%
ROE(5y)9.47%
ROIC(3y)4.74%
ROIC(5y)4.78%
1.3 Margins
With a decent Profit Margin value of 14.88%, CPK is doing good in the industry, outperforming 78.57% of the companies in the same industry.
CPK's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 28.55%, CPK is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Operating Margin of CPK has grown nicely.
The Gross Margin of CPK (69.40%) is better than 64.29% of its industry peers.
CPK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.55% | ||
| PM (TTM) | 14.88% | ||
| GM | 69.4% |
OM growth 3Y8.64%
OM growth 5Y5.9%
PM growth 3Y0.95%
PM growth 5Y2.08%
GM growth 3Y2.36%
GM growth 5Y1.24%
2. Health
2.1 Basic Checks
CPK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CPK has more shares outstanding than it did 1 year ago.
CPK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CPK has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.45, we must say that CPK is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.45, CPK belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
CPK has a Debt/Equity ratio of 1.00. This is a neutral value indicating CPK is somewhat dependend on debt financing.
The Debt to Equity ratio of CPK (1.00) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.45 |
ROIC/WACC0.73
WACC7.19%
2.3 Liquidity
A Current Ratio of 0.42 indicates that CPK may have some problems paying its short term obligations.
With a Current ratio value of 0.42, CPK is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
A Quick Ratio of 0.36 indicates that CPK may have some problems paying its short term obligations.
The Quick ratio of CPK (0.36) is worse than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
CPK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.60%, which is quite good.
The Earnings Per Share has been growing slightly by 6.26% on average over the past years.
The Revenue has grown by 17.39% in the past year. This is quite good.
Measured over the past years, CPK shows a quite strong growth in Revenue. The Revenue has been growing by 10.42% on average per year.
EPS 1Y (TTM)14.6%
EPS 3Y3.67%
EPS 5Y6.26%
EPS Q2Q%5.13%
Revenue 1Y (TTM)17.39%
Revenue growth 3Y11.36%
Revenue growth 5Y10.42%
Sales Q2Q%12.15%
3.2 Future
Based on estimates for the next years, CPK will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.24% on average per year.
CPK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.25% yearly.
EPS Next Y19.44%
EPS Next 2Y13.43%
EPS Next 3Y11.72%
EPS Next 5Y10.24%
Revenue Next Year8.97%
Revenue Next 2Y7.37%
Revenue Next 3Y5.77%
Revenue Next 5Y5.25%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.27, which indicates a rather expensive current valuation of CPK.
Compared to the rest of the industry, the Price/Earnings ratio of CPK indicates a slightly more expensive valuation: CPK is more expensive than 78.57% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.45. CPK is around the same levels.
With a Price/Forward Earnings ratio of 20.22, CPK is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPK indicates a slightly more expensive valuation: CPK is more expensive than 71.43% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.46. CPK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.27 | ||
| Fwd PE | 20.22 |
4.2 Price Multiples
CPK's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. CPK is more expensive than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.93 |
4.3 Compensation for Growth
CPK's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CPK may justify a higher PE ratio.
PEG (NY)1.25
PEG (5Y)3.88
EPS Next 2Y13.43%
EPS Next 3Y11.72%
5. Dividend
5.1 Amount
CPK has a Yearly Dividend Yield of 2.00%.
With a Dividend Yield of 2.00, CPK pays less dividend than the industry average, which is at 3.81. 92.86% of the companies listed in the same industry pay a better dividend than CPK!
Compared to an average S&P500 Dividend Yield of 2.42, CPK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
5.2 History
On average, the dividend of CPK grows each year by 9.78%, which is quite nice.
CPK has been paying a dividend for at least 10 years, so it has a reliable track record.
CPK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.78%
Div Incr Years21
Div Non Decr Years34
5.3 Sustainability
CPK pays out 44.49% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CPK is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP44.49%
EPS Next 2Y13.43%
EPS Next 3Y11.72%
137.14
+0.25 (+0.18%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.08%
Inst Owner Change1.94%
Ins Owners1.35%
Ins Owner Change-1.05%
Market Cap3.23B
Revenue(TTM)787.20M
Net Income(TTM)128.96M
Analysts82
Price Target150.45 (9.71%)
Short Float %3.36%
Short Ratio5.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
Yearly Dividend2.4
Dividend Growth(5Y)9.78%
DP44.49%
Div Incr Years21
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.2%
Min EPS beat(2)-5.73%
Max EPS beat(2)-0.67%
EPS beat(4)1
Avg EPS beat(4)1.61%
Min EPS beat(4)-5.73%
Max EPS beat(4)15.07%
EPS beat(8)2
Avg EPS beat(8)-3.96%
EPS beat(12)3
Avg EPS beat(12)-5.78%
EPS beat(16)6
Avg EPS beat(16)-2.09%
Revenue beat(2)2
Avg Revenue beat(2)10.92%
Min Revenue beat(2)4.63%
Max Revenue beat(2)17.22%
Revenue beat(4)2
Avg Revenue beat(4)0.9%
Min Revenue beat(4)-10.5%
Max Revenue beat(4)17.22%
Revenue beat(8)2
Avg Revenue beat(8)-6.14%
Revenue beat(12)3
Avg Revenue beat(12)-6.37%
Revenue beat(16)5
Avg Revenue beat(16)-4.75%
PT rev (1m)3.08%
PT rev (3m)3.24%
EPS NQ rev (1m)-9.03%
EPS NQ rev (3m)-7.11%
EPS NY rev (1m)-0.71%
EPS NY rev (3m)-0.67%
Revenue NQ rev (1m)-20.96%
Revenue NQ rev (3m)-20.96%
Revenue NY rev (1m)-0.9%
Revenue NY rev (3m)-1.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.27 | ||
| Fwd PE | 20.22 | ||
| P/S | 3.72 | ||
| P/FCF | N/A | ||
| P/OCF | 15.28 | ||
| P/B | 2.15 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 13.93 |
EPS(TTM)5.65
EY4.12%
EPS(NY)6.78
Fwd EY4.94%
FCF(TTM)-8.5
FCFYN/A
OCF(TTM)8.97
OCFY6.54%
SpS36.82
BVpS63.68
TBVpS41.52
PEG (NY)1.25
PEG (5Y)3.88
Graham Number89.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.45% | ||
| ROE | 8.6% | ||
| ROCE | 7.55% | ||
| ROIC | 5.23% | ||
| ROICexc | 5.23% | ||
| ROICexgc | 6.14% | ||
| OM | 28.55% | ||
| PM (TTM) | 14.88% | ||
| GM | 69.4% | ||
| FCFM | N/A |
ROA(3y)3.34%
ROA(5y)3.53%
ROE(3y)8.77%
ROE(5y)9.47%
ROIC(3y)4.74%
ROIC(5y)4.78%
ROICexc(3y)4.75%
ROICexc(5y)4.8%
ROICexgc(3y)5.39%
ROICexgc(5y)5.24%
ROCE(3y)6.87%
ROCE(5y)7.04%
ROICexgc growth 3Y5.97%
ROICexgc growth 5Y3.85%
ROICexc growth 3Y1.15%
ROICexc growth 5Y0.9%
OM growth 3Y8.64%
OM growth 5Y5.9%
PM growth 3Y0.95%
PM growth 5Y2.08%
GM growth 3Y2.36%
GM growth 5Y1.24%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.63 | ||
| Cap/Depr | 546.04% | ||
| Cap/Sales | 47.45% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.45 |
F-Score7
WACC7.19%
ROIC/WACC0.73
Cap/Depr(3y)338.25%
Cap/Depr(5y)319.58%
Cap/Sales(3y)30.7%
Cap/Sales(5y)31.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.6%
EPS 3Y3.67%
EPS 5Y6.26%
EPS Q2Q%5.13%
EPS Next Y19.44%
EPS Next 2Y13.43%
EPS Next 3Y11.72%
EPS Next 5Y10.24%
Revenue 1Y (TTM)17.39%
Revenue growth 3Y11.36%
Revenue growth 5Y10.42%
Sales Q2Q%12.15%
Revenue Next Year8.97%
Revenue Next 2Y7.37%
Revenue Next 3Y5.77%
Revenue Next 5Y5.25%
EBIT growth 1Y23.36%
EBIT growth 3Y20.99%
EBIT growth 5Y16.94%
EBIT Next Year39.17%
EBIT Next 3Y20.35%
EBIT Next 5Y14.35%
FCF growth 1Y-753.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.75%
OCF growth 3Y16.73%
OCF growth 5Y18.37%
CHESAPEAKE UTILITIES CORP / CPK FAQ
What is the ChartMill fundamental rating of CHESAPEAKE UTILITIES CORP (CPK) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CPK.
What is the valuation status of CHESAPEAKE UTILITIES CORP (CPK) stock?
ChartMill assigns a valuation rating of 2 / 10 to CHESAPEAKE UTILITIES CORP (CPK). This can be considered as Overvalued.
How profitable is CHESAPEAKE UTILITIES CORP (CPK) stock?
CHESAPEAKE UTILITIES CORP (CPK) has a profitability rating of 6 / 10.
What is the valuation of CHESAPEAKE UTILITIES CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CHESAPEAKE UTILITIES CORP (CPK) is 24.27 and the Price/Book (PB) ratio is 2.15.
How sustainable is the dividend of CHESAPEAKE UTILITIES CORP (CPK) stock?
The dividend rating of CHESAPEAKE UTILITIES CORP (CPK) is 5 / 10 and the dividend payout ratio is 44.49%.