NYSE:CORR

Stock Analysis Report

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CorEnergy Infrastructure Trust

Market Cap

US$73.6m

Last Updated

2021/08/03 00:40 UTC

Data Sources

Company Financials +

Executive Summary

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has CorEnergy Infrastructure Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CORR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CORR's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-4.9%

CORR

-0.1%

US REITs

-0.4%

US Market


1 Year Return

-38.1%

CORR

31.8%

US REITs

34.4%

US Market

Return vs Industry: CORR underperformed the US REITs industry which returned 30.6% over the past year.

Return vs Market: CORR underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

CORRIndustryMarket
7 Day-4.9%-0.1%-0.4%
30 Day-15.8%3.1%-0.4%
90 Day-10.0%8.0%4.0%
1 Year-36.1%-38.1%36.2%31.8%36.5%34.4%
3 Year-83.4%-85.9%44.4%28.2%62.0%51.9%
5 Year-75.0%-82.3%52.5%23.1%121.8%97.2%

Long-Term Price Volatility Vs. Market

How volatile is CorEnergy Infrastructure Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CorEnergy Infrastructure Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CORR ($5.39) is trading below our estimate of fair value ($43.72)

Significantly Below Fair Value: CORR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CORR is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: CORR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CORR is overvalued based on its PB Ratio (8.3x) compared to the US REITs industry average (1.9x).


Future Growth

How is CorEnergy Infrastructure Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

153.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CORR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CORR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CORR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CORR's revenue (47.3% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: CORR's revenue (47.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has CorEnergy Infrastructure Trust performed over the past 5 years?

-74.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CORR is currently unprofitable.

Growing Profit Margin: CORR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CORR is unprofitable, and losses have increased over the past 5 years at a rate of 74.5% per year.

Accelerating Growth: Unable to compare CORR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CORR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-9.1%).


Return on Equity

High ROE: CORR has a negative Return on Equity (-61.63%), as it is currently unprofitable.


Financial Health

How is CorEnergy Infrastructure Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CORR's short term assets ($45.3M) exceed its short term liabilities ($29.3M).

Long Term Liabilities: CORR's short term assets ($45.3M) do not cover its long term liabilities ($221.8M).


Debt to Equity History and Analysis

Debt Level: CORR's debt to equity ratio (87%) is considered high.

Reducing Debt: CORR's debt to equity ratio has increased from 47.7% to 87% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CORR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CORR has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 47.8% each year.


Dividend

What is CorEnergy Infrastructure Trust current dividend yield, its reliability and sustainability?

3.71%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 03 2021Ex Dividend DateAug 16 2021Dividend Pay DateAug 31 202115 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CORR's dividend (3.71%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: CORR's dividend (3.71%) is in the top 25% of dividend payers in the US market (3.55%)


Stability and Growth of Payments

Stable Dividend: CORR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CORR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CORR is paying a dividend but the company is unprofitable.


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

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Dave Schulte (60 yo)

16.58yrs

Tenure

Mr. David John Schulte, also known as Dave, JD, CFA, has been Director of Western Midstream Holdings, LLC (formerly Western Gas Equity Holdings, LLC), General Partner of Western Midstream Partners, LP and ...


Leadership Team

Experienced Management: CORR's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: CORR's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CORR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CorEnergy Infrastructure Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CorEnergy Infrastructure Trust, Inc.
  • Ticker: CORR
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$73.582m
  • Shares outstanding: 13.65m
  • Website: https://corenergy.reit

Number of Employees


Location

  • CorEnergy Infrastructure Trust, Inc.
  • 1100 Walnut
  • Suite 3350
  • Kansas City
  • Missouri
  • 64106
  • United States

Listings


Biography

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distributio...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/03 00:40
End of Day Share Price2021/08/02 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.