COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
21.72 USD
+0.09 (+0.42%)
21.72 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
In the past year CVLG was profitable.
In the past year CVLG had a positive cash flow from operations.
CVLG had positive earnings in 4 of the past 5 years.
CVLG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.14%, CVLG is in the better half of the industry, outperforming 62.79% of the companies in the same industry.
CVLG has a Return On Equity of 7.60%. This is in the better half of the industry: CVLG outperforms 60.47% of its industry peers.
CVLG has a Return On Invested Capital (3.27%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for CVLG 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 better Profit Margin (2.81%) than 60.47% of its industry peers.
CVLG's Profit Margin has improved in the last couple of years.
CVLG has a Operating Margin of 3.12%. This is comparable to the rest of the industry: CVLG outperforms 51.16% of its industry peers.
CVLG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 66.86%, CVLG belongs to the top of the industry, outperforming 81.40% of the companies in the same industry.
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.
Compared to 1 year ago, CVLG has an improved debt to assets ratio.
2.2 Solvency
CVLG has an Altman-Z score of 2.19. 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.
With a Altman-Z score value of 2.19, CVLG perfoms like the industry average, outperforming 48.84% 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 has a Debt to Equity ratio (0.49) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.19 |
ROIC/WACC0.35
WACC9.31%
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.
CVLG has a Quick ratio of 0.98. This is in the lower half of the industry: CVLG underperforms 65.12% of its industry peers.
| 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%.
The Earnings Per Share has been growing by 43.91% on average over the past years. This is a very strong growth
CVLG shows a small growth in Revenue. In the last year, the Revenue has grown by 1.62%.
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
The Earnings Per Share is expected to grow by 6.29% on average over the next years.
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
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.
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 12.78, which indicates a correct valuation of CVLG.
90.70% of the companies in the same industry are more expensive than CVLG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.49, CVLG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.25, the valuation of CVLG can be described as reasonable.
97.67% 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 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.78 | ||
| Fwd PE | 10.25 |
4.2 Price Multiples
CVLG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CVLG is cheaper than 90.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.46 |
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)0.29
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
CVLG has a Yearly Dividend Yield of 1.29%.
CVLG's Dividend Yield is a higher than the industry average which is at 1.60.
With a Dividend Yield of 1.29, CVLG pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
5.2 History
CVLG has paid a dividend for less than 5 years, so there is no long track record yet.
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%
21.72
+0.09 (+0.42%)
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 Cap544.09M
Revenue(TTM)1.15B
Net Income(TTM)32.22M
Analysts82
Price Target30.26 (39.32%)
Short Float %3.13%
Short Ratio4.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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)-10.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.78 | ||
| Fwd PE | 10.25 | ||
| P/S | 0.47 | ||
| P/FCF | N/A | ||
| P/OCF | 4.94 | ||
| P/B | 1.28 | ||
| P/tB | 2.17 | ||
| EV/EBITDA | 6.46 |
EPS(TTM)1.7
EY7.83%
EPS(NY)2.12
Fwd EY9.76%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY20.22%
SpS45.77
BVpS16.91
TBVpS10.03
PEG (NY)N/A
PEG (5Y)0.29
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 | 2.19 |
F-Score6
WACC9.31%
ROIC/WACC0.35
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 12.78 and the Price/Book (PB) ratio is 1.28.
Can you provide the financial health for CVLG stock?
The financial health rating of COVENANT LOGISTICS GROUP INC (CVLG) is 3 / 10.