COVENANT LOGISTICS GROUP INC (CVLG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
24.72 USD
+0.06 (+0.24%)
24.72 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 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.
CVLG had a positive operating cash flow in the past year.
CVLG had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CVLG had a positive operating cash flow.
1.2 Ratios
CVLG has a better Return On Assets (3.14%) than 61.90% of its industry peers.
With a Return On Equity value of 7.60%, CVLG perfoms like the industry average, 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.
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
With a Profit Margin value of 2.81%, CVLG perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
CVLG's Profit Margin has improved in the last couple of years.
CVLG has a Operating Margin (3.12%) which is in line with 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.
Compared to 1 year ago, CVLG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.26 indicates that CVLG is not a great score, but indicates only limited risk for bankruptcy at the moment.
CVLG has a Altman-Z score of 2.26. This is comparable to the rest of the industry: CVLG outperforms 47.62% of its industry peers.
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 | 2.26 |
ROIC/WACC0.35
WACC9.29%
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.
Looking at the Current ratio, with a value of 1.01, CVLG is doing worse than 61.90% of the companies in the same industry.
A Quick Ratio of 0.98 indicates that CVLG may have some problems paying its short term obligations.
CVLG has a worse Quick ratio (0.98) than 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.
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
CVLG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.29% yearly.
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 14.54, which indicates a correct valuation of CVLG.
Based on the Price/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/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.67, the valuation of CVLG can be described as reasonable.
CVLG's Price/Forward Earnings ratio is rather cheap when compared to the industry. CVLG is cheaper than 97.62% of the companies in the same industry.
CVLG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 11.67 |
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 88.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.05 |
4.3 Compensation for Growth
The decent profitability rating of CVLG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2Y3.58%
EPS Next 3Y6.29%
5. Dividend
5.1 Amount
CVLG has a Yearly Dividend Yield of 1.27%.
Compared to an average industry Dividend Yield of 0.76, CVLG pays a bit more dividend than its industry peers.
CVLG's Dividend Yield is slightly below the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
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%
24.72
+0.06 (+0.24%)
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-0.12%
Market Cap619.24M
Revenue(TTM)1.15B
Net Income(TTM)32.22M
Analysts82
Price Target31.62 (27.91%)
Short Float %3.07%
Short Ratio3.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
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 | 14.54 | ||
| Fwd PE | 11.67 | ||
| P/S | 0.54 | ||
| P/FCF | N/A | ||
| P/OCF | 5.63 | ||
| P/B | 1.46 | ||
| P/tB | 2.46 | ||
| EV/EBITDA | 7.05 |
EPS(TTM)1.7
EY6.88%
EPS(NY)2.12
Fwd EY8.57%
FCF(TTM)-1.22
FCFYN/A
OCF(TTM)4.39
OCFY17.77%
SpS45.77
BVpS16.91
TBVpS10.03
PEG (NY)N/A
PEG (5Y)0.33
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 | 2.26 |
F-Score6
WACC9.29%
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.
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%.