CVLG Valuation

Covenant Logistics Group Inc

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26.210

+1.02(4.049%)1D

Overview
Forecast
Valuation
Earnings

CVLG Relative Valuation

CVLG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CVLG is overvalued; if below, it's undervalued.

Historical Valuation

Covenant Logistics Group Inc (CVLG) is now in the Undervalued zone, suggesting that its current forward PE ratio of 12.75 is considered Undervalued compared with the five-year average of 8.79. The fair price of Covenant Logistics Group Inc (CVLG) is between 70.55 to 79.04 according to relative valuation methord. Compared to the current price of 26.21 USD , Covenant Logistics Group Inc is Undervalued By 62.85%.

Relative Value

Fair Zone

70.55-79.04

Current Price：26.21

62.85%

Undervalued

12.75

Trailing

Forward

6.44

EV/EBITDA

Covenant Logistics Group Inc. (CVLG) has a current EV/EBITDA of 6.44. The 5-year average EV/EBITDA is 4.85. The thresholds are as follows: Strongly Undervalued below 2.77, Undervalued between 2.77 and 3.81, Fairly Valued between 5.89 and 3.81, Overvalued between 5.89 and 6.94, and Strongly Overvalued above 6.94. The current Forward EV/EBITDA of 6.44 falls within the Overvalued range.

14.82

EV/EBIT

Covenant Logistics Group Inc. (CVLG) has a current EV/EBIT of 14.82. The 5-year average EV/EBIT is 9.53. The thresholds are as follows: Strongly Undervalued below 4.26, Undervalued between 4.26 and 6.90, Fairly Valued between 12.16 and 6.90, Overvalued between 12.16 and 14.80, and Strongly Overvalued above 14.80. The current Forward EV/EBIT of 14.82 falls within the Strongly Overvalued range.

0.58

Covenant Logistics Group Inc. (CVLG) has a current PS of 0.58. The 5-year average PS is 0.44. The thresholds are as follows: Strongly Undervalued below 0.24, Undervalued between 0.24 and 0.34, Fairly Valued between 0.54 and 0.34, Overvalued between 0.54 and 0.64, and Strongly Overvalued above 0.64. The current Forward PS of 0.58 falls within the Overvalued range.

5.25

P/OCF

Covenant Logistics Group Inc. (CVLG) has a current P/OCF of 5.25. The 5-year average P/OCF is 1.65. The thresholds are as follows: Strongly Undervalued below -2.83, Undervalued between -2.83 and -0.59, Fairly Valued between 3.88 and -0.59, Overvalued between 3.88 and 6.12, and Strongly Overvalued above 6.12. The current Forward P/OCF of 5.25 falls within the Overvalued range.

14.71

P/FCF

Covenant Logistics Group Inc. (CVLG) has a current P/FCF of 14.71. The 5-year average P/FCF is 6.73. The thresholds are as follows: Strongly Undervalued below -4.91, Undervalued between -4.91 and 0.91, Fairly Valued between 12.55 and 0.91, Overvalued between 12.55 and 18.37, and Strongly Overvalued above 18.37. The current Forward P/FCF of 14.71 falls within the Overvalued range.

Covenant Logistics Group Inc (CVLG) has a current Price-to-Book (P/B) ratio of 1.57. Compared to its 3-year average P/B ratio of 1.46 , the current P/B ratio is approximately 7.77% higher. Relative to its 5-year average P/B ratio of 1.32, the current P/B ratio is about 19.28% higher. Covenant Logistics Group Inc (CVLG) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -5.45%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -2.04% , the current FCF yield is about -100.00% lower.

1.57

P/B

Median3y

1.46

Median5y

1.32

0.00

FCF Yield

Median3y

-5.45

Median5y

-2.04

Competitors Valuation Multiple

The average P/S ratio for CVLG's competitors is 0.61, providing a benchmark for relative valuation. Covenant Logistics Group Inc Corp (CVLG) exhibits a P/S ratio of 0.58, which is -3.61% above the industry average. Given its robust revenue growth of 5.34%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

CVLG.O

Covenant Logistics Group Inc

Heartland Express Inc

Universal Logistics Holdings Inc

Forward Air Corp (Delaware)

Performance Decomposition

Market capitalization of CVLG decreased by 5.54% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 17.94 to 20.01.

The secondary factor is the Revenue Growth, contributed 5.34%to the performance.

Overall, the performance of CVLG in the past 1 year is driven by P/E Change. Which is more unsustainable.

5.34%

287.50M → 302.85M

Revenue Growth

-22.43%

4.19 → 3.25

Margin Expansion

11.55%

17.94 → 20.01

P/E Change

-5.54%