OTCPK:CNND

Stock Analysis Report

Canandaigua National

Executive Summary

Canandaigua National Corporation operates as the bank holding company for The Canandaigua National Bank and Trust Company that provides various banking and financial services.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Canandaigua National's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CNND

1.4%

US Banks

1.0%

US Market


1 Year Return

6.0%

CNND

0.2%

US Banks

6.7%

US Market

Return vs Industry: CNND exceeded the US Banks industry which returned 0.2% over the past year.

Return vs Market: CNND matched the US Market which returned 6.7% over the past year.


Share holder returns

CNNDIndustryMarket
7 Day0%1.4%1.0%
30 Day2.1%-2.6%-1.8%
90 Day5.4%0.8%-1.8%
1 Year9.4%6.0%3.1%0.2%9.1%6.7%
3 Year54.4%41.3%52.0%41.5%46.1%36.6%
5 Year66.4%44.4%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Canandaigua National's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Canandaigua National undervalued based on future cash flows and its price relative to the stock market?

9.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: CNND ($195) is trading above our estimate of fair value ($159.56)

Significantly Undervalued: CNND is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: CNND is good value based on its PE Ratio (9.2x) compared to the Banks industry average (12.5x).

PE vs Market: CNND is good value based on its PE Ratio (9.2x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate CNND's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: CNND is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Canandaigua National expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CNND's earnings are forecast to decline over the next 3 years (-3.1% per year).

Earnings vs Market: CNND's earnings are forecast to decline over the next 3 years (-3.1% per year).

High Growth Earnings: CNND's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if CNND's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CNND's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if CNND's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Canandaigua National performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CNND's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: CNND's earnings growth over the past year (46.1%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: CNND earnings growth over the past year (46.1%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: CNND's Return on Equity (15.7%) is considered low.


Return on Assets

ROA vs Industry: CNND has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CNND's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Canandaigua National's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CNND has a low level of unsold assets or inventory.

Debt Coverage by Assets: CNND's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: CNND's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CNND has a sufficient allowance for bad loans.

Low Risk Liabilities: CNND's liabilities are made up of primarily low risk sources of funding.

Loan Level: CNND has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CNND's loans are broadly funded by customer deposits.

Level of Bad Loans: CNND has an appropriate level of bad loans (0.34%)


Next Steps

Dividend

What is Canandaigua National's current dividend yield, its reliability and sustainability?

2.77%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: CNND's dividend (2.77%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CNND's dividend (2.77%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: CNND's dividends per share have been stable in the past 10 years.

Growing Dividend: CNND's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.5%), CNND's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Canandaigua National's salary, the management and board of directors tenure and is there insider trading?

12.3yrs

Average board tenure


CEO

Frank Hamlin (47yo)

6.6yrs

Tenure

US$56,200

Compensation

Mr. Frank H. Hamlin, III has been the Chief Executive Officer at Canandaigua National Corporation since March 29, 2013 and has been its President since January 1, 2011. He serves as the Chairman of the Boa ...


CEO Compensation Analysis

Compensation vs. Market: Frank's total compensation ($USD56.20K) is below average for companies of similar size in the US market ($USD1.85M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Board Age and Tenure

12.3yrs

Average Tenure

73yo

Average Age

Experienced Board: CNND's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • George Hamlin (78yo)

    Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$124.00k
  • Scott Trumbower (58yo)

    Senior VP and Manager of Wealth Administration & Shareholder Relations

    • Tenure: 0yrs
  • James Terwilliger

    Senior VP & Manager of Financial Planning

    • Tenure: 0yrs
  • Stephen Martin

    Senior VP & Director of Corporate Communications

    • Tenure: 0yrs
  • Frank Hamlin (47yo)

    President

    • Tenure: 6.6yrs
    • Compensation: US$56.20k
  • Jason Fitzgerald

    Senior Vice President of Investment Officer

    • Tenure: 0yrs
  • Jim Lieb

    Senior VP and Group Manager of Trust & Estate Services

    • Tenure: 0yrs
  • Mary Ann Ridley (70yo)

    Senior Vice President of Human Resources - Canandaigua National Bank & Trust Company

    • Tenure: 0yrs
  • Jennifer Weidner

    Senior VP of Corporate Risk Operations & General Counsel and Secretary

    • Tenure: 0yrs
  • Vince Yacuzzo (36yo)

    Executive VP

    • Tenure: 0yrs

Board Members

  • Thomas Richards (75yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$47.55k
  • Caroline Shipley (79yo)

    Director

    • Tenure: 35.8yrs
    • Compensation: US$60.45k
  • George Hamlin (78yo)

    Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$124.00k
  • Dan Fuller (68yo)

    Vice Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$56.10k
  • Sue Stewart (76yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: US$53.25k
  • Bob Sheridan (71yo)

    Director

    • Tenure: 27.8yrs
    • Compensation: US$58.45k
  • Alan Stone (78yo)

    Director

    • Tenure: 33.8yrs
    • Compensation: US$42.75k
  • Larry Heilbronner-Kolthoff (54yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$53.35k
  • Gary Babbitt (62yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$199.17k
  • Frank Hamlin (47yo)

    President

    • Tenure: 6.6yrs
    • Compensation: US$56.20k

Company Information

Canandaigua National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canandaigua National Corporation
  • Ticker: CNND
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$366.405m
  • Shares outstanding: 1.88m
  • Website: https://www.cnbank.com

Number of Employees


Location

  • Canandaigua National Corporation
  • 72 South Main Street
  • Canandaigua
  • New York
  • 14424
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNNDOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2004

Biography

Canandaigua National Corporation operates as the bank holding company for The Canandaigua National Bank and Trust Company that provides various banking and financial services. It accepts checking accounts, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:43
End of Day Share Price2019/09/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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