COVENANT LOGISTICS GROUP INC (CVLG) Fundamental Analysis & Valuation

NYSE:CVLG • US22284P1057

Current stock price

24.98 USD
+0.28 (+1.13%)
At close:
24.98 USD
0 (0%)
After Hours:

This CVLG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. CVLG Profitability Analysis

1.1 Basic Checks

  • In the past year CVLG was profitable.
  • In the past year CVLG had a positive cash flow from operations.
  • In the past 5 years CVLG has always been profitable.
  • Of the past 5 years CVLG 4 years had a positive operating cash flow.
CVLG Yearly Net Income VS EBIT VS OCF VS FCFCVLG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M 150M

1.2 Ratios

  • CVLG has a Return On Assets (3.14%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 7.60%, CVLG is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • CVLG has a Return On Invested Capital (3.34%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 3.14%
ROE 7.6%
ROIC 3.34%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CVLG Yearly ROA, ROE, ROICCVLG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • With a Profit Margin value of 2.81%, CVLG perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CVLG has declined.
  • CVLG has a Operating Margin (3.12%) which is in line with its industry peers.
  • CVLG's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of CVLG (66.86%) is better 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 RankSector Rank
OM 3.12%
PM (TTM) 2.81%
GM 66.86%
OM growth 3Y-43.36%
OM growth 5Y-1.2%
PM growth 3Y-58.87%
PM growth 5YN/A
GM growth 3Y3.34%
GM growth 5Y0.44%
CVLG Yearly Profit, Operating, Gross MarginsCVLG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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3

2. CVLG Health Analysis

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CVLG Yearly Shares OutstandingCVLG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
CVLG Yearly Total Debt VS Total AssetsCVLG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • CVLG has an Altman-Z score of 2.26. 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 2.26, CVLG is in line with its industry, outperforming 47.62% of the companies in the same industry.
  • A Debt/Equity ratio of 0.49 indicates that CVLG is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.49, CVLG is in line with its industry, outperforming 40.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF N/A
Altman-Z 2.26
ROIC/WACC0.35
WACC9.44%
CVLG Yearly LT Debt VS Equity VS FCFCVLG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.01 indicates that CVLG should not have too much problems paying its short term obligations.
  • CVLG has a Current ratio (1.01) which is comparable to the rest of the industry.
  • 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 (0.98) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 0.98
CVLG Yearly Current Assets VS Current LiabilitesCVLG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CVLG Growth Analysis

3.1 Past

  • CVLG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.04%.
  • Measured over the past years, CVLG shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.32% on average per year.
  • The Revenue has been growing slightly by 2.92% in the past year.
  • CVLG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.79% yearly.
EPS 1Y (TTM)-23.04%
EPS 3Y-19.69%
EPS 5Y22.32%
EPS Q2Q%-36.73%
Revenue 1Y (TTM)2.92%
Revenue growth 3Y-1.46%
Revenue growth 5Y6.79%
Sales Q2Q%6.51%

3.2 Future

  • CVLG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.74% yearly.
  • The Revenue is expected to grow by 6.55% on average over the next years.
EPS Next Y22.47%
EPS Next 2Y28.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.58%
Revenue Next 2Y6.55%
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 accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
CVLG Yearly Revenue VS EstimatesCVLG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
CVLG Yearly EPS VS EstimatesCVLG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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6

4. CVLG Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.43, the valuation of CVLG can be described as correct.
  • Based on the Price/Earnings ratio, CVLG is valued cheaper than 85.71% of the companies in the same industry.
  • CVLG is valuated rather cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 13.42 indicates a correct valuation of CVLG.
  • Based on the Price/Forward Earnings ratio, CVLG is valued cheaper than 92.86% of the companies in the same industry.
  • CVLG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.43
Fwd PE 13.42
CVLG Price Earnings VS Forward Price EarningsCVLG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • CVLG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CVLG is cheaper than 80.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.06
CVLG Per share dataCVLG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • CVLG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CVLG's earnings are expected to grow with 28.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)0.74
EPS Next 2Y28.74%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. CVLG Dividend Analysis

5.1 Amount

  • CVLG has a Yearly Dividend Yield of 1.14%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.74, CVLG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, CVLG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.14%

5.2 History

  • CVLG has been paying a dividend for over 5 years, so it has already some track record.
  • The dividend of CVLG decreased in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
CVLG Yearly Dividends per shareCVLG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • 21.30% of the earnings are spent on dividend by CVLG. This is a low number and sustainable payout ratio.
DP21.3%
EPS Next 2Y28.74%
EPS Next 3YN/A
CVLG Yearly Income VS Free CF VS DividendCVLG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M
CVLG Dividend Payout.CVLG Dividend Payout, showing the Payout Ratio.CVLG Dividend Payout.PayoutRetained Earnings

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CVLG Fundamentals: All Metrics, Ratios and Statistics

COVENANT LOGISTICS GROUP INC

NYSE:CVLG (3/16/2026, 8:17:07 PM)

After market: 24.98 0 (0%)

24.98

+0.28 (+1.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)01-29
Earnings (Next)04-21
Inst Owners69.08%
Inst Owner ChangeN/A
Ins Owners25.26%
Ins Owner Change-14.73%
Market Cap626.50M
Revenue(TTM)1.16B
Net Income(TTM)32.22M
Analysts82
Price Target32.3 (29.3%)
Short Float %3.74%
Short Ratio3.34
Dividend
Industry RankSector Rank
Dividend Yield 1.14%
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP21.3%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-06
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)6.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.43
Fwd PE 13.42
P/S 0.55
P/FCF N/A
P/OCF 5.69
P/B 1.48
P/tB 2.49
EV/EBITDA 7.06
EPS(TTM)1.52
EY6.08%
EPS(NY)1.86
Fwd EY7.45%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY17.56%
SpS45.71
BVpS16.89
TBVpS10.02
PEG (NY)0.73
PEG (5Y)0.74
Graham Number24.04
Profitability
Industry RankSector Rank
ROA 3.14%
ROE 7.6%
ROCE 4.29%
ROIC 3.34%
ROICexc 3.36%
ROICexgc 4.24%
OM 3.12%
PM (TTM) 2.81%
GM 66.86%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-43.36%
OM growth 5Y-1.2%
PM growth 3Y-58.87%
PM growth 5YN/A
GM growth 3Y3.34%
GM growth 5Y0.44%
F-Score5
Asset Turnover1.12
Health
Industry RankSector 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 2.26
F-Score5
WACC9.44%
ROIC/WACC0.35
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.04%
EPS 3Y-19.69%
EPS 5Y22.32%
EPS Q2Q%-36.73%
EPS Next Y22.47%
EPS Next 2Y28.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.92%
Revenue growth 3Y-1.46%
Revenue growth 5Y6.79%
Sales Q2Q%6.51%
Revenue Next Year5.58%
Revenue Next 2Y6.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-31.2%
EBIT growth 3Y-44.19%
EBIT growth 5Y5.5%
EBIT Next Year184.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y70.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-17.16%
OCF growth 3YN/A
OCF growth 5YN/A

COVENANT LOGISTICS GROUP INC / CVLG Fundamental Analysis 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 6 / 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 4 / 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 grow by 22.47% 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%.