Chesapeake Utilities Corp

Utilities
Oil & Gas Production
www.chpk.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.85B
PE 27
Debt $1.41B
Cash $1.61M
EV $4.27B
FCF -$72.72M

Earnings

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Sales & Net Margins

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Earnings	$107.27M
EBIT	$210.72M
ROE	8%
ROA	6%
FCF	-$72.72M
Equity	$1.35B
Growth Stability	100%
PE	26.59
PEG	2.89
PB	2.12
P/FCF	-39.23
P/S	3.77
Price/Cash	0
Debt/Equity	1.05
Debt/FCF	-19.46
Net Margins	14%
Op. Margins	28%
Earnings CAGR	11%
Sales Growth YoY	22%
Sales Growth QoQ	-4%
Sales CAGR	4%
FCF CAGR	0%
Equity CAGR	14%
Earnings Stability	0.92
Earnings Growth YoY	86%
Earnings Growth QoQ	-4%
Earnings CAGR 5Y	9%

Sales CAGR 5Y	13%
FCF CAGR 5Y	4%
Equity CAGR 5Y	19%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	25%
Market Cap	$2.85B
Revenue	$757.49M
Dividend Yield	2%
Payout Ratio	47%
Assets	$3.47B
Total Debt	$1.41B
Cash	$1.61M
Shares Outstanding	22.33M
EV	4.27B
Earnings Score	94%
Moat Score	84%
Safety Score	68%
Final Score	82%
Working Capital	-268.32M
Current Ratio	0.38
Shares Growth 3y	10%
Equity Growth QoQ	4%
Equity Growth YoY	56%

Assets & ROA

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Stockholders Equity & ROE

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Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.

SEC Filings

Direct access to Chesapeake Utilities Corp (CPK) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Chesapeake Utilities Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Chesapeake Utilities Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 11%

Stability 92%

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Chesapeake Utilities Corp Discounted Cash Flow

Fully customizable DCF calculator online for Chesapeake Utilities Corp.

Years

Calculation mode

= -$745M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$73M	-$73M	-$73M	-$73M	-$74M	-$74M	-$74M	-$75M	-$75M	-$75M	-$75M	-$753M
DCF		-$66M	-$61M	-$55M	-$50M	-$46M	-$42M	-$38M	-$35M	-$32M	-$29M	-$290M
Value	-$745M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	7%	9%	9%	9%	8%	14%	15%	15%	13%	13%	14%
ROA	-	7%	7%	6%	6%	6%	6%	6%	7%	5%	6%
ROE	-	11%	10%	12%	11%	12%	10%	11%	11%	7%	8%

Good Net Margins (14.32%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-8.41	-5.4	-7.02	-5.06	-8.98	-105.94	-21.7	26.24	93.21	-19.46
Debt over Equity	0.85	0.93	0.8	0.94	1.2	1.31	1	1.02	0.96	1.11	1.05
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (-19.46)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.05)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-8%	9%	24%	16%	-33%	2%	17%	19%	-1%	13%
Earnings YoY growth	-	14%	9%	30%	-3%	15%	10%	17%	8%	-3%	9%
Equity YoY growth	-	19%	25%	9%	7%	8%	24%	11%	8%	50%	19%
FCF YoY growth	-	121%	68%	-2%	89%	-34%	-92%	452%	-184%	-51%	4%