COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
22.64 USD
+0.02 (+0.09%)
22.64 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. There are concerns on the financial health of CVLG while its profitability can be described as average. CVLG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CVLG was profitable.
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
The Return On Assets of CVLG (3.14%) is better than 61.90% of its industry peers.
Looking at the Return On Equity, with a value of 7.60%, CVLG is in line with its industry, outperforming 59.52% of the companies in the same industry.
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.
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
CVLG has a Profit Margin (2.81%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CVLG has grown nicely.
The Operating Margin of CVLG (3.12%) is comparable to the rest of the industry.
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.
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
CVLG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CVLG has more shares outstanding than it did 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
CVLG has an Altman-Z score of 2.21. 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.
Looking at the Altman-Z score, with a value of 2.21, CVLG is in line with its industry, outperforming 47.62% of the companies in the same industry.
CVLG has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
CVLG's Debt to Equity ratio of 0.49 is in line compared 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 | 2.21 |
ROIC/WACC0.36
WACC9.1%
2.3 Liquidity
CVLG has a Current Ratio of 1.01. This is a normal value and indicates that CVLG is financially healthy and should not expect problems in meeting its short term obligations.
CVLG has a Current ratio of 1.01. This is in the lower half of the industry: CVLG underperforms 61.90% of its industry peers.
CVLG has a Quick Ratio of 1.01. This is a bad value and indicates that CVLG is not financially healthy enough and could expect problems in meeting its short term obligations.
CVLG has a Quick ratio of 0.98. This is in the lower half of the industry: CVLG underperforms 64.29% 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.
CVLG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 43.91% yearly.
The Revenue has been growing slightly by 1.62% in the past year.
The Revenue has been growing slightly by 5.03% on average over the past years.
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.
Based on estimates for the next years, CVLG will show a small growth in Revenue. The Revenue will grow by 3.63% on average per year.
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
The Price/Earnings ratio is 13.32, which indicates a correct valuation of CVLG.
CVLG's Price/Earnings ratio is rather cheap when compared to the industry. CVLG is cheaper than 92.86% of the companies in the same industry.
CVLG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.39, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.68, which indicates a very decent valuation of CVLG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVLG indicates a rather cheap valuation: CVLG is cheaper than 97.62% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.84. CVLG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 10.68 |
4.2 Price Multiples
90.48% of the companies in the same industry are more expensive than CVLG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.64 |
4.3 Compensation for Growth
CVLG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
CVLG has a Yearly Dividend Yield of 1.21%. Purely for dividend investing, there may be better candidates out there.
CVLG's Dividend Yield is a higher than the industry average which is at 0.75.
Compared to the average S&P500 Dividend Yield of 1.87, CVLG is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
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%
22.64
+0.02 (+0.09%)
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 Cap567.13M
Revenue(TTM)1.15B
Net Income(TTM)32.22M
Analysts82
Price Target31.62 (39.66%)
Short Float %3.35%
Short Ratio4.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
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)4.49%
PT rev (3m)-3.12%
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 | 13.32 | ||
| Fwd PE | 10.68 | ||
| P/S | 0.49 | ||
| P/FCF | N/A | ||
| P/OCF | 5.15 | ||
| P/B | 1.34 | ||
| P/tB | 2.26 | ||
| EV/EBITDA | 6.64 |
EPS(TTM)1.7
EY7.51%
EPS(NY)2.12
Fwd EY9.36%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY19.4%
SpS45.77
BVpS16.91
TBVpS10.03
PEG (NY)N/A
PEG (5Y)0.3
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 | 2.21 |
F-Score6
WACC9.1%
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.
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 13.32 and the Price/Book (PB) ratio is 1.34.
Can you provide the financial health for CVLG stock?
The financial health rating of COVENANT LOGISTICS GROUP INC (CVLG) is 3 / 10.