Covenant Logistics Group, Stock Return On Equity
| CVLG Stock | USD 57.77 1.03 1.82% |
Covenant Logistics Group, fundamentals help investors to digest information that contributes to Covenant Logistics' financial success or failures. It also enables traders to predict the movement of Covenant Stock. The fundamental analysis module provides a way to measure Covenant Logistics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Covenant Logistics stock.
Covenant |
Covenant Logistics Group, Company Return On Equity Analysis
Covenant Logistics' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Covenant Logistics Return On Equity | 0.1 |
Most of Covenant Logistics' fundamental indicators, such as Return On Equity, 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.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Covenant Logistics Group, has a Return On Equity of 0.1003. This is 77.2% lower than that of the Ground Transportation sector and 97.84% lower than that of the Industrials industry. The return on equity for all United States stocks is 132.35% lower than that of the firm.
Covenant Return On Equity 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 Return On Equity 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 currently under evaluation in return on equity category among its peers.
Covenant Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0407 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 1.03 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 | 1.73 X | ||||
| Price To Sales | 0.66 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 | 1.71 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 | 747.82 M | ||||
| Total Asset | 1 B | ||||
| Retained Earnings | 378.92 M | ||||
| Working Capital | 15.65 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 1 B | ||||
| 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is 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.
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.