COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
25.21 USD
+0.04 (+0.16%)
25.21 USD
0 (0%)
CVLG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
CVLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.14%, CVLG is doing good in the industry, outperforming 61.90% of the companies in the same industry.
CVLG has a Return On Equity (7.60%) which is in line with its industry peers.
CVLG has a Return On Invested Capital of 3.27%. This is comparable to the rest of the industry: CVLG outperforms 54.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVLG is in line with the industry average of 6.93%.
| 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
The Profit Margin of CVLG (2.81%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CVLG has grown nicely.
CVLG's Operating Margin of 3.12% is in line compared to the rest of the industry. CVLG outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of CVLG has grown nicely.
CVLG has a better Gross Margin (66.86%) than 80.95% of its industry peers.
In the last couple of years the Gross Margin of CVLG has remained more or less at the same level.
| 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
CVLG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CVLG has been increased compared to 1 year ago.
The number of shares outstanding for CVLG has been reduced compared to 5 years ago.
The debt/assets ratio for CVLG has been reduced compared to a year ago.
2.2 Solvency
CVLG has an Altman-Z score of 2.27. This is not the best score and indicates that CVLG is in the grey zone with still only limited risk for bankruptcy at the moment.
CVLG's Altman-Z score of 2.27 is in line compared to the rest of the industry. CVLG outperforms 47.62% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that CVLG is not too dependend on debt financing.
CVLG has a Debt to Equity ratio of 0.49. This is comparable to the rest of the industry: CVLG outperforms 47.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.27 |
ROIC/WACC0.36
WACC9.14%
2.3 Liquidity
A Current Ratio of 1.01 indicates that CVLG should not have too much problems paying its short term obligations.
The Current ratio of CVLG (1.01) is worse than 61.90% of its industry peers.
A Quick Ratio of 0.98 indicates that CVLG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.98, CVLG is doing worse than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
CVLG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.84%.
CVLG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 43.91% yearly.
Looking at the last year, CVLG shows a small growth in Revenue. The Revenue has grown by 1.62% in the last year.
CVLG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.03% yearly.
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.
CVLG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.63% yearly.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.83, the valuation of CVLG can be described as correct.
Based on the Price/Earnings ratio, CVLG is valued cheaper than 92.86% of the companies in the same industry.
When comparing the Price/Earnings ratio of CVLG to the average of the S&P500 Index (27.19), we can say CVLG is valued slightly cheaper.
CVLG is valuated reasonably with a Price/Forward Earnings ratio of 11.90.
97.62% of the companies in the same industry are more expensive than CVLG, based on the Price/Forward Earnings ratio.
CVLG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 11.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVLG is valued cheaply inside the industry as 88.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.16 |
4.3 Compensation for Growth
The decent profitability rating of CVLG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.11%, CVLG has a reasonable but not impressive dividend return.
CVLG's Dividend Yield is a higher than the industry average which is at 0.72.
With a Dividend Yield of 1.11, CVLG pays less dividend than the S&P500 average, which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
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%
25.21
+0.04 (+0.16%)
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 Change-0.37%
Market Cap631.51M
Revenue(TTM)1.15B
Net Income(TTM)32.22M
Analysts82
Price Target31.62 (25.43%)
Short Float %3.07%
Short Ratio3.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP21.3%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
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)4.49%
PT rev (3m)-1.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-23.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 11.9 | ||
| P/S | 0.55 | ||
| P/FCF | N/A | ||
| P/OCF | 5.74 | ||
| P/B | 1.49 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 7.16 |
EPS(TTM)1.7
EY6.74%
EPS(NY)2.12
Fwd EY8.41%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY17.42%
SpS45.77
BVpS16.91
TBVpS10.03
PEG (NY)N/A
PEG (5Y)0.34
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 | 2.27 |
F-Score6
WACC9.14%
ROIC/WACC0.36
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.
What is the valuation status of COVENANT LOGISTICS GROUP INC (CVLG) stock?
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 is the expected EPS growth for COVENANT LOGISTICS GROUP INC (CVLG) stock?
The Earnings per Share (EPS) of COVENANT LOGISTICS GROUP INC (CVLG) is expected to decline by -18.14% in the next year.
Is the dividend of COVENANT LOGISTICS GROUP INC sustainable?
The dividend rating of COVENANT LOGISTICS GROUP INC (CVLG) is 3 / 10 and the dividend payout ratio is 21.3%.