Covenant Logistics Group, Inc.
CVLG
Trucking (No Local)
Mkt Cap
$620.2MPE
14.57Debt
$291.4MCash
$2.952MEV
$908.6MFCF
-$150.5MP/E Ratio
14.57Debt
$291.4MCash
$2.952MEV
$908.6MFCF
-$150.5MCharts data: {"Earnings":[{"time":"2014-12-30","value":17808000},{"time":"2015-12-30","value":42085000},{"time":"2016-12-30","value":16835000},{"time":"2017-12-30","value":55439000},{"time":"2018-12-30","value":42503000},{"time":"2019-12-30","value":8477000},{"time":"2020-12-30","value":-42718000},{"time":"2021-12-30","value":60731000},{"time":"2022-12-30","value":108682000},{"time":"2023-12-30","value":55229000}],"Sales":[{"time":"2014-12-30","value":718980000},{"time":"2015-12-30","value":724240000},{"time":"2016-12-30","value":670651000},{"time":"2017-12-30","value":705007000},{"time":"2018-12-30","value":885455000},{"time":"2019-12-30","value":894528000},{"time":"2020-12-30","value":838561000},{"time":"2021-12-30","value":1046003000},{"time":"2022-12-30","value":1216858000},{"time":"2023-12-30","value":1103573000}],"Net Margins":[{"time":"2014-12-30","value":0.024768421931069016},{"time":"2015-12-30","value":0.05810919032364962},{"time":"2016-12-30","value":0.02510247505781696},{"time":"2017-12-30","value":0.0786360986486659},{"time":"2018-12-30","value":0.04800131006092913},{"time":"2019-12-30","value":0.00947650604564642},{"time":"2020-12-30","value":-0.0509420304545525},{"time":"2021-12-30","value":0.058060062925249734},{"time":"2022-12-30","value":0.08931362574762215},{"time":"2023-12-30","value":0.050045624530502285}],"Assets":[{"time":"2014-12-30","value":554017000},{"time":"2015-12-30","value":647423000},{"time":"2016-12-30","value":620538000},{"time":"2017-12-30","value":649668000},{"time":"2018-12-30","value":773524000},{"time":"2019-12-30","value":881640000},{"time":"2020-12-30","value":676716000},{"time":"2021-12-30","value":651662000},{"time":"2022-12-30","value":796645000},{"time":"2023-12-30","value":954438000}],"Stockholders Equity":[{"time":"2014-12-30","value":169204000},{"time":"2015-12-30","value":202160000},{"time":"2016-12-30","value":236414000},{"time":"2017-12-30","value":295201000},{"time":"2018-12-30","value":343142000},{"time":"2019-12-30","value":350111000},{"time":"2020-12-30","value":290642000},{"time":"2021-12-30","value":349699000},{"time":"2022-12-30","value":377128000},{"time":"2023-12-30","value":403420000}],"ROE":[{"time":"2014-12-30","value":0.10524573887142148},{"time":"2015-12-30","value":0.20817669172932332},{"time":"2016-12-30","value":0.07120982682920639},{"time":"2017-12-30","value":0.18780085433314928},{"time":"2018-12-30","value":0.12386417284972402},{"time":"2019-12-30","value":0.02421232123526539},{"time":"2020-12-30","value":-0.14697806923982082},{"time":"2021-12-30","value":0.1736664960437405},{"time":"2022-12-30","value":0.28818332237330563},{"time":"2023-12-30","value":0.13690198800257797}],"ROA":[{"time":"2014-12-30","value":0.07156098098072802},{"time":"2015-12-30","value":0.1046950757078448},{"time":"2016-12-30","value":0.05228849804524461},{"time":"2017-12-30","value":0.043337520087182994},{"time":"2018-12-30","value":0.07625619890268434},{"time":"2019-12-30","value":0.01818656140828456},{"time":"2020-12-30","value":-0.020728045442992334},{"time":"2021-12-30","value":0.1214632739057978},{"time":"2022-12-30","value":0.17924169485780994},{"time":"2023-12-30","value":0.07568852036486393}]}
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
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In the chart Earnings are multiplied by this value.
Earnings Growth 11%
Earnings Stability 1.8%
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.8% | 2.5% | 7.9% | 4.8% | 0.95% | -5.1% | 5.8% | 8.9% | 5% | 3.8% |
| ROA | 10% | 5.2% | 4.3% | 7.6% | 1.8% | -2.1% | 12% | 18% | 7.6% | 5.7% |
| ROE | 21% | 7.1% | 19% | 12% | 2.4% | -15% | 17% | 29% | 14% | 10% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +3.4%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.02%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +7.5%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.78%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +10%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +3.36%.
Safety & Stabiliy
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | -2.60 | -20.82 | -7.65 | 4.75 | -4.69 | -3.56 | 1.96 | 3.06 | -2.21 | -1.94 |
| Debt Equity | 1.24 | 0.91 | 0.72 | 0.69 | 0.99 | 0.38 | 0.21 | 0.48 | 0.73 | 0.72 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 22% | -120% | 100% | 100% | 100% | -120% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -1.94.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.17.
What is the Graham’s Stability?
Graham’s Stability measure stands at -1.20.
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 | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 7.4% | 4.5% | 9.6% | -9.3% | 0.64% |
| Net Income | 18% | 5.4% | - | -49% | -12% |
| Stockholders Equity | 7.9% | 3.3% | 12% | 7% | -2% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +4.5%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.64%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +5.38%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -12.31%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +3.29%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -1.99%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.