Covenant Logistics Group, Stock Current Valuation
| CVLG Stock | USD 57.91 0.89 1.51% |
Valuation analysis of Covenant Logistics Group, helps investors to measure Covenant Logistics' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. The current Enterprise Value Over EBITDA is estimated to decrease to 4.05. The current Enterprise Value Multiple is estimated to decrease to 4.05. Fundamental drivers impacting Covenant Logistics' valuation include:
Price Book 1.7686 | Enterprise Value 1 B | Enterprise Value Ebitda 6.9819 | Price Sales 0.6766 | Forward PE 12.1951 |
Fairly Valued
Today
Please note that Covenant Logistics' price fluctuation is very steady at this time. Calculation of the real value of Covenant Logistics Group, is based on 3 months time horizon. Increasing Covenant Logistics' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Covenant stock is determined by what a typical buyer is willing to pay for full or partial control of Covenant Logistics Group,. Since Covenant Logistics is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Covenant Stock. However, Covenant Logistics' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 57.91 | Real 59.29 | Target 62.0 | Hype 57.87 | Naive 55.68 |
The real value of Covenant Stock, also known as its intrinsic value, is the underlying worth of Covenant Logistics Group, Company, which is reflected in its stock price. It is based on Covenant Logistics' financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Covenant Logistics' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Covenant Logistics Group, helps investors to forecast how Covenant stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Covenant Logistics more accurately as focusing exclusively on Covenant Logistics' fundamentals will not take into account other important factors: Covenant Logistics Group, Company Current Valuation Analysis
Covenant Logistics' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Covenant Logistics Current Valuation | 1.04 B |
Most of Covenant Logistics' fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Covenant Logistics Group, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Covenant Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Covenant Logistics is extremely important. It helps to project a fair market value of Covenant Stock properly, considering its historical fundamentals such as Current Valuation. Since Covenant Logistics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Covenant Logistics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Covenant Logistics' interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Covenant Logistics Group, has a Current Valuation of 1.04 B. This is 85.66% lower than that of the Ground Transportation sector and 69.7% lower than that of the Industrials industry. The current valuation for all United States stocks is 93.72% higher than that of the company.
Covenant Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covenant Logistics' direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Covenant Logistics could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics of similar companies.Covenant Logistics is rated below average in current valuation category among its peers.
Covenant Logistics ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Covenant Logistics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Covenant Logistics' managers, analysts, and investors.Environmental | Governance | Social |
Covenant Fundamentals
| Return On Equity | 0.1 | |||
| Return On Asset | 0.0407 | |||
| Profit Margin | 0.04 % | |||
| Operating Margin | 0.06 % | |||
| Current Valuation | 1.04 B | |||
| Shares Outstanding | 10.83 M | |||
| Shares Owned By Insiders | 26.67 % | |||
| Shares Owned By Institutions | 66.30 % | |||
| Number Of Shares Shorted | 128.54 K | |||
| Price To Earning | 7.43 X | |||
| Price To Book | 1.77 X | |||
| Price To Sales | 0.68 X | |||
| Revenue | 1.1 B | |||
| Gross Profit | 238.11 M | |||
| EBITDA | 116.18 M | |||
| Net Income | 54.63 M | |||
| Cash And Equivalents | 4.46 M | |||
| Cash Per Share | 0.31 X | |||
| Total Debt | 293.46 M | |||
| Debt To Equity | 0.31 % | |||
| Current Ratio | 1.15 X | |||
| Book Value Per Share | 32.74 X | |||
| Cash Flow From Operations | 84.84 M | |||
| Short Ratio | 1.02 X | |||
| Earnings Per Share | 2.97 X | |||
| Price To Earnings To Growth | 1.24 X | |||
| Target Price | 70.0 | |||
| Number Of Employees | 2.9 K | |||
| Beta | 1.35 | |||
| Market Capitalization | 763.24 M | |||
| Total Asset | 954.44 M | |||
| Retained Earnings | 378.92 M | |||
| Working Capital | 15.65 M | |||
| Annual Yield | 0.01 % | |||
| Net Asset | 954.44 M | |||
| Last Dividend Paid | 0.44 |
About Covenant Logistics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covenant Logistics Group,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covenant Logistics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covenant Logistics Group, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:Check out Covenant Logistics Piotroski F Score and Covenant Logistics Altman Z Score analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.44 | Earnings Share 2.97 | Revenue Per Share 86.188 | Quarterly Revenue Growth (0) |
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.