Covenant Historical Financial Ratios
| CVLG Stock | USD 57.77 0.81 1.42% |
Covenant Logistics is presently reporting on over 104 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0072, PTB Ratio of 1.53 or Days Sales Outstanding of 38.1 will help investors to properly organize and evaluate Covenant Logistics Group, financial condition quickly.
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About Covenant Financial Ratios Analysis
Covenant Logistics Group,Financial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Covenant Logistics investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Covenant financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Covenant Logistics history.
Covenant Logistics Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Covenant Logistics Group, stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Covenant Logistics sales, a figure that is much harder to manipulate than other Covenant Logistics Group, multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Covenant Logistics Group, dividend as a percentage of Covenant Logistics stock price. Covenant Logistics Group, dividend yield is a measure of Covenant Logistics stock productivity, which can be interpreted as interest rate earned on an Covenant Logistics investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Covenant Logistics' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Covenant Logistics Group, current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Covenant Logistics' Operating Cash Flow Per Share is most likely to slightly grow in the upcoming years. The Covenant Logistics' current Stock Based Compensation To Revenue is estimated to increase to 0.01, while Days Sales Outstanding is projected to decrease to 38.10.
| 2023 | 2024 (projected) | Dividend Yield | 0.009623 | 0.007155 | Price To Sales Ratio | 0.54 | 0.5 |
Covenant Logistics fundamentals Correlations
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Covenant Logistics Account Relationship Matchups
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Covenant Logistics fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.27 | 0.31 | 0.42 | 0.43 | 0.54 | 0.5 | |
| Ptb Ratio | 1.03 | 0.68 | 0.88 | 1.27 | 1.38 | 1.53 | |
| Days Sales Outstanding | 38.81 | 47.48 | 56.3 | 38.52 | 50.81 | 38.1 | |
| Book Value Per Share | 18.99 | 16.74 | 20.81 | 25.13 | 30.92 | 32.46 | |
| Free Cash Flow Yield | 0.14 | (0.31) | (0.12) | 0.0854 | 0.11 | (0.23) | |
| Operating Cash Flow Per Share | 3.47 | 3.63 | 4.36 | 10.61 | 6.5 | 6.83 | |
| Stock Based Compensation To Revenue | 9.16E-4 | 0.002707 | 0.008661 | 0.005413 | 0.006434 | 0.006755 | |
| Capex To Depreciation | 1.72 | 1.44 | 0.65 | 1.75 | 3.11 | 3.27 | |
| Pb Ratio | 1.03 | 0.68 | 0.88 | 1.27 | 1.38 | 1.53 | |
| Ev To Sales | 0.61 | 0.43 | 0.49 | 0.52 | 0.81 | 0.73 | |
| Free Cash Flow Per Share | (4.03) | (1.79) | 2.26 | 3.92 | (10.18) | (9.67) | |
| Roic | (0.0756) | (0.14) | 0.0475 | 0.0747 | 0.0687 | 0.0442 | |
| Inventory Turnover | 185.35 | 233.73 | 270.46 | 293.19 | 204.1 | 214.3 | |
| Net Income Per Share | 0.46 | (0.81) | 3.61 | 7.24 | 4.23 | 4.44 | |
| Days Of Inventory On Hand | 1.97 | 1.56 | 1.35 | 1.24 | 1.79 | 1.7 | |
| Payables Turnover | 40.02 | 23.0 | 30.05 | 30.41 | 29.84 | 28.1 | |
| Sales General And Administrative To Revenue | 0.0952 | 0.11 | 0.0698 | 0.077 | 0.0947 | 0.09 | |
| Capex To Revenue | 0.0849 | 0.15 | 0.11 | 0.0337 | 0.0826 | 0.19 | |
| Cash Per Share | 2.36 | 0.48 | 0.5 | 4.58 | 0.18 | 0.17 | |
| Pocfratio | 3.72 | 4.08 | 6.07 | 3.26 | 7.08 | 5.34 | |
| Interest Coverage | (5.81) | (8.29) | 8.69 | 15.58 | 7.38 | 7.75 | |
| Capex To Operating Cash Flow | 2.16 | 1.49 | 0.48 | 0.63 | 2.56 | 2.37 | |
| Pfcf Ratio | (3.21) | (8.29) | 11.71 | 8.83 | (4.52) | (4.75) | |
| Days Payables Outstanding | 9.12 | 15.87 | 12.15 | 12.0 | 12.23 | 17.18 | |
| Income Quality | 7.55 | (1.48) | 1.21 | 1.47 | 1.55 | 1.41 | |
| Roe | 0.12 | 0.0242 | (0.0486) | 0.17 | 0.29 | 0.14 | |
| Ev To Operating Cash Flow | 8.49 | 5.71 | 6.96 | 3.95 | 10.51 | 8.17 | |
| Pe Ratio | 28.12 | (18.21) | 7.31 | 4.77 | 10.88 | 11.92 | |
| Return On Tangible Assets | 0.0105 | (0.0232) | 0.1 | 0.16 | 0.0666 | 0.07 | |
| Ev To Free Cash Flow | (7.32) | (11.62) | 13.44 | 10.72 | (6.72) | (7.05) | |
| Earnings Yield | 0.0356 | (0.0549) | 0.14 | 0.21 | 0.0919 | 0.0965 | |
| Intangibles To Total Assets | 0.0818 | 0.0991 | 0.0967 | 0.13 | 0.17 | 0.18 | |
| Net Debt To E B I T D A | 19.03 | 1.86 | 0.84 | 1.05 | 2.51 | 2.08 | |
| Current Ratio | 1.58 | 1.11 | 1.32 | 1.43 | 1.09 | 1.68 | |
| Tangible Book Value Per Share | 15.08 | 12.88 | 17.06 | 18.04 | 17.48 | 8.75 | |
| Receivables Turnover | 9.4 | 7.69 | 6.48 | 9.48 | 7.18 | 13.65 | |
| Graham Number | 14.02 | 17.51 | 41.14 | 64.0 | 54.26 | 56.98 | |
| Shareholders Equity Per Share | 18.99 | 16.74 | 20.81 | 25.13 | 30.92 | 32.46 | |
| Debt To Equity | 0.73 | 0.2 | 0.0745 | 0.29 | 0.61 | 0.66 |
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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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.