COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
23.16 USD
-0.31 (-1.32%)
23.16 USD
0 (0%)
CVLG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 43 industry peers in the Ground Transportation industry. CVLG has a medium profitability rating, but doesn't score so well on its financial health evaluation. CVLG is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CVLG had positive earnings in the past year.
In the past year CVLG had a positive cash flow from operations.
Of the past 5 years CVLG 4 years were profitable.
In the past 5 years CVLG always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.14%, CVLG is doing good in the industry, outperforming 62.79% of the companies in the same industry.
The Return On Equity of CVLG (7.60%) is better than 60.47% of its industry peers.
With a Return On Invested Capital value of 3.27%, CVLG perfoms like the industry average, outperforming 55.81% of the companies in the same industry.
CVLG had an Average Return On Invested Capital over the past 3 years of 6.14%. This is in line with the industry average of 6.83%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.6% | ||
| ROIC | 3.27% |
ROA(3y)7.68%
ROA(5y)5.21%
ROE(3y)16.9%
ROE(5y)10.67%
ROIC(3y)6.14%
ROIC(5y)5.88%
1.3 Margins
With a decent Profit Margin value of 2.81%, CVLG is doing good in the industry, outperforming 60.47% of the companies in the same industry.
In the last couple of years the Profit Margin of CVLG has grown nicely.
With a Operating Margin value of 3.12%, CVLG perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
In the last couple of years the Operating Margin of CVLG has grown nicely.
CVLG has a better Gross Margin (66.86%) than 81.40% of its industry peers.
CVLG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.12% | ||
| PM (TTM) | 2.81% | ||
| GM | 66.86% |
OM growth 3Y-12.2%
OM growth 5Y38.52%
PM growth 3Y-18.23%
PM growth 5Y27.09%
GM growth 3Y4.84%
GM growth 5Y1.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CVLG is destroying value.
The number of shares outstanding for CVLG has been increased compared to 1 year ago.
CVLG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CVLG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.22 indicates that CVLG is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.22, CVLG perfoms like the industry average, outperforming 48.84% of the companies in the same industry.
A Debt/Equity ratio of 0.49 indicates that CVLG is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.49, CVLG perfoms like the industry average, outperforming 46.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.22 |
ROIC/WACC0.37
WACC8.97%
2.3 Liquidity
A Current Ratio of 1.01 indicates that CVLG should not have too much problems paying its short term obligations.
CVLG's Current ratio of 1.01 is on the low side compared to the rest of the industry. CVLG is outperformed by 60.47% of its industry peers.
A Quick Ratio of 0.98 indicates that CVLG may have some problems paying its short term obligations.
The Quick ratio of CVLG (0.98) is worse than 65.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The earnings per share for CVLG have decreased strongly by -15.84% in the last year.
Measured over the past years, CVLG shows a very strong growth in Earnings Per Share. The EPS has been growing by 43.91% on average per year.
Looking at the last year, CVLG shows a small growth in Revenue. The Revenue has grown by 1.62% in the last year.
Measured over the past years, CVLG shows a small growth in Revenue. The Revenue has been growing by 5.03% on average per year.
EPS 1Y (TTM)-15.84%
EPS 3Y3.05%
EPS 5Y43.91%
EPS Q2Q%-19.27%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y2.65%
Revenue growth 5Y5.03%
Sales Q2Q%3.13%
3.2 Future
Based on estimates for the next years, CVLG will show a small growth in Earnings Per Share. The EPS will grow by 6.29% on average per year.
The Revenue is expected to grow by 3.63% on average over the next years.
EPS Next Y-18.14%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
EPS Next 5YN/A
Revenue Next Year1.38%
Revenue Next 2Y3.63%
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 decreasing.
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
Based on the Price/Earnings ratio of 13.62, the valuation of CVLG can be described as correct.
CVLG's Price/Earnings ratio is rather cheap when compared to the industry. CVLG is cheaper than 90.70% of the companies in the same industry.
CVLG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.56.
CVLG is valuated reasonably with a Price/Forward Earnings ratio of 10.93.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVLG indicates a rather cheap valuation: CVLG is cheaper than 97.67% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.79. CVLG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.62 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVLG indicates a rather cheap valuation: CVLG is cheaper than 88.37% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.75 |
4.3 Compensation for Growth
The decent profitability rating of CVLG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.31
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
CVLG has a Yearly Dividend Yield of 1.19%.
CVLG's Dividend Yield is a higher than the industry average which is at 0.72.
CVLG's Dividend Yield is slightly below the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
5.2 History
CVLG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
CVLG pays out 21.30% of its income as dividend. This is a sustainable payout ratio.
DP21.3%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
23.16
-0.31 (-1.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners68.78%
Inst Owner ChangeN/A
Ins Owners27.43%
Ins Owner Change0.15%
Market Cap580.16M
Revenue(TTM)1.15B
Net Income(TTM)32.22M
Analysts82
Price Target30.26 (30.66%)
Short Float %3.13%
Short Ratio4.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP21.3%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.47%
Min EPS beat(2)-4.14%
Max EPS beat(2)3.2%
EPS beat(4)1
Avg EPS beat(4)-2.3%
Min EPS beat(4)-5.65%
Max EPS beat(4)3.2%
EPS beat(8)4
Avg EPS beat(8)-0.04%
EPS beat(12)6
Avg EPS beat(12)1.31%
EPS beat(16)10
Avg EPS beat(16)6.26%
Revenue beat(2)1
Avg Revenue beat(2)1.53%
Min Revenue beat(2)-0.27%
Max Revenue beat(2)3.33%
Revenue beat(4)1
Avg Revenue beat(4)-1.79%
Min Revenue beat(4)-5.67%
Max Revenue beat(4)3.33%
Revenue beat(8)2
Avg Revenue beat(8)-1.96%
Revenue beat(12)3
Avg Revenue beat(12)-1.58%
Revenue beat(16)7
Avg Revenue beat(16)0.44%
PT rev (1m)0%
PT rev (3m)-7.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.62 | ||
| Fwd PE | 10.93 | ||
| P/S | 0.51 | ||
| P/FCF | N/A | ||
| P/OCF | 5.27 | ||
| P/B | 1.37 | ||
| P/tB | 2.31 | ||
| EV/EBITDA | 6.75 |
EPS(TTM)1.7
EY7.34%
EPS(NY)2.12
Fwd EY9.15%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY18.97%
SpS45.77
BVpS16.91
TBVpS10.03
PEG (NY)N/A
PEG (5Y)0.31
Graham Number25.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.6% | ||
| ROCE | 4.29% | ||
| ROIC | 3.27% | ||
| ROICexc | 3.29% | ||
| ROICexgc | 4.15% | ||
| OM | 3.12% | ||
| PM (TTM) | 2.81% | ||
| GM | 66.86% | ||
| FCFM | N/A |
ROA(3y)7.68%
ROA(5y)5.21%
ROE(3y)16.9%
ROE(5y)10.67%
ROIC(3y)6.14%
ROIC(5y)5.88%
ROICexc(3y)6.59%
ROICexc(5y)6.19%
ROICexgc(3y)8.26%
ROICexgc(5y)7.51%
ROCE(3y)8.04%
ROCE(5y)7.71%
ROICexgc growth 3Y-19.39%
ROICexgc growth 5Y45.18%
ROICexc growth 3Y-22.28%
ROICexc growth 5Y41.41%
OM growth 3Y-12.2%
OM growth 5Y38.52%
PM growth 3Y-18.23%
PM growth 5Y27.09%
GM growth 3Y4.84%
GM growth 5Y1.05%
F-Score6
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 156.23% | ||
| Cap/Sales | 12.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 2.22 |
F-Score6
WACC8.97%
ROIC/WACC0.37
Cap/Depr(3y)220.86%
Cap/Depr(5y)174.34%
Cap/Sales(3y)13.83%
Cap/Sales(5y)11.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.84%
EPS 3Y3.05%
EPS 5Y43.91%
EPS Q2Q%-19.27%
EPS Next Y-18.14%
EPS Next 2Y3.58%
EPS Next 3Y6.29%
EPS Next 5YN/A
Revenue 1Y (TTM)1.62%
Revenue growth 3Y2.65%
Revenue growth 5Y5.03%
Sales Q2Q%3.13%
Revenue Next Year1.38%
Revenue Next 2Y3.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-31.2%
EBIT growth 3Y-9.87%
EBIT growth 5Y45.48%
EBIT Next Year85.29%
EBIT Next 3Y31.68%
EBIT Next 5YN/A
FCF growth 1Y49.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.74%
OCF growth 3Y18.84%
OCF growth 5Y13.93%
COVENANT LOGISTICS GROUP INC / CVLG FAQ
Can you provide the ChartMill fundamental rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a fundamental rating of 4 / 10 to CVLG.
Can you provide the valuation status for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a valuation rating of 5 / 10 to COVENANT LOGISTICS GROUP INC (CVLG). This can be considered as Fairly Valued.
Can you provide the profitability details for COVENANT LOGISTICS GROUP INC?
COVENANT LOGISTICS GROUP INC (CVLG) has a profitability rating of 6 / 10.
What are the PE and PB ratios of COVENANT LOGISTICS GROUP INC (CVLG) stock?
The Price/Earnings (PE) ratio for COVENANT LOGISTICS GROUP INC (CVLG) is 13.62 and the Price/Book (PB) ratio is 1.37.
Can you provide the financial health for CVLG stock?
The financial health rating of COVENANT LOGISTICS GROUP INC (CVLG) is 3 / 10.