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CPK

Chesapeake Utilities NYSE:CPK Stock Report

Last Price

US$135.55

Market Cap

US$2.4b

7D

3.4%

1Y

18.3%

Updated

28 May, 2022

Data

Company Financials +
CPK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends4/6

CPK Stock Overview

Chesapeake Utilities Corporation operates as an energy delivery company.

Chesapeake Utilities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chesapeake Utilities
Historical stock prices
Current Share PriceUS$135.55
52 Week HighUS$146.30
52 Week LowUS$113.49
Beta0.58
1 Month Change5.08%
3 Month Change2.67%
1 Year Change18.32%
3 Year Change49.32%
5 Year Change77.19%
Change since IPO1,406.11%

Recent News & Updates

May 08
Chesapeake Utilities (NYSE:CPK) Will Pay A Larger Dividend Than Last Year At US$0.54

Chesapeake Utilities (NYSE:CPK) Will Pay A Larger Dividend Than Last Year At US$0.54

The board of Chesapeake Utilities Corporation ( NYSE:CPK ) has announced that the dividend on 5th of July will be...

Apr 16
Is Chesapeake Utilities (NYSE:CPK) Using Too Much Debt?

Is Chesapeake Utilities (NYSE:CPK) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

CPKUS Gas UtilitiesUS Market
7D3.4%4.2%5.9%
1Y18.3%10.6%-10.2%

Return vs Industry: CPK exceeded the US Gas Utilities industry which returned 10.6% over the past year.

Return vs Market: CPK exceeded the US Market which returned -10.2% over the past year.

Price Volatility

Is CPK's price volatile compared to industry and market?
CPK volatility
CPK Average Weekly Movement3.8%
Gas Utilities Industry Average Movement3.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: CPK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CPK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18591,007Jeff Householderhttps://www.chpk.com

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland’s eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; and regulated electric distribution in northeast and northwest Florida.

Chesapeake Utilities Fundamentals Summary

How do Chesapeake Utilities's earnings and revenue compare to its market cap?
CPK fundamental statistics
Market CapUS$2.40b
Earnings (TTM)US$85.93m
Revenue (TTM)US$601.66m

28.0x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CPK income statement (TTM)
RevenueUS$601.66m
Cost of RevenueUS$376.31m
Gross ProfitUS$225.35m
Other ExpensesUS$139.42m
EarningsUS$85.93m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.85
Gross Margin37.46%
Net Profit Margin14.28%
Debt/Equity Ratio94.2%

How did CPK perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

39%

Payout Ratio

Does CPK pay a reliable dividends?

See CPK dividend history and benchmarks
When do you need to buy CPK by to receive an upcoming dividend?
Chesapeake Utilities dividend dates
Ex Dividend DateJun 14 2022
Dividend Pay DateJul 05 2022
Days until Ex dividend16 days
Days until Dividend pay date37 days

Does CPK pay a reliable dividends?

See CPK dividend history and benchmarks

Valuation

Is Chesapeake Utilities undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


27.96x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CPK ($135.55) is trading above our estimate of fair value ($69.62)

Significantly Below Fair Value: CPK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CPK is poor value based on its Price-To-Earnings Ratio (28x) compared to the US Gas Utilities industry average (22.7x).

PE vs Market: CPK is poor value based on its Price-To-Earnings Ratio (28x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: CPK is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: CPK is overvalued based on its Price-To-Book Ratio (3x) compared to the US Gas Utilities industry average (1.9x).


Future Growth

How is Chesapeake Utilities forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPK's forecast earnings growth (6.5% per year) is above the savings rate (1.9%).

Earnings vs Market: CPK's earnings (6.5% per year) are forecast to grow slower than the US market (13.2% per year).

High Growth Earnings: CPK's earnings are forecast to grow, but not significantly.

Revenue vs Market: CPK's revenue (6% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: CPK's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPK's Return on Equity is forecast to be low in 3 years time (11.9%).


Past Performance

How has Chesapeake Utilities performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CPK has high quality earnings.

Growing Profit Margin: CPK's current net profit margins (14.3%) are lower than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: CPK's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: CPK's earnings growth over the past year (13%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: CPK earnings growth over the past year (13%) exceeded the Gas Utilities industry 4%.


Return on Equity

High ROE: CPK's Return on Equity (10.7%) is considered low.


Financial Health

How is Chesapeake Utilities's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CPK's short term assets ($153.0M) do not cover its short term liabilities ($279.7M).

Long Term Liabilities: CPK's short term assets ($153.0M) do not cover its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: CPK's net debt to equity ratio (93.5%) is considered high.

Reducing Debt: CPK's debt to equity ratio has increased from 74.9% to 94.2% over the past 5 years.

Debt Coverage: CPK's debt is not well covered by operating cash flow (18.4%).

Interest Coverage: CPK's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is Chesapeake Utilities's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.58%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 28 2022Ex Dividend DateJun 14 2022Dividend Pay DateJul 05 202221 days from Ex DividendBuy in the next 16 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CPK's dividend (1.58%) is higher than the bottom 25% of dividend payers in the US market (1.49%).

High Dividend: CPK's dividend (1.58%) is low compared to the top 25% of dividend payers in the US market (3.92%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.3%), CPK's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CPK is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.1yrs

Average management tenure


CEO

Jeff Householder (63 yo)

3.33yrs

Tenure

US$2,826,471

Compensation

Mr. Jeffry M. Householder, also known as Jeff, has been President, Chief Executive Officer and Director of Chesapeake Utilities Corporation since January 1, 2019. Mr. Householder served as President of Flo...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD2.83M) is below average for companies of similar size in the US market ($USD6.55M).

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


Leadership Team

Experienced Management: CPK's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: CPK's board of directors are seasoned and experienced ( 12.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Chesapeake Utilities Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Chesapeake Utilities Corporation
  • Ticker: CPK
  • Exchange: NYSE
  • Founded: 1859
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: US$2.403b
  • Shares outstanding: 17.73m
  • Website: https://www.chpk.com

Number of Employees


Location

  • Chesapeake Utilities Corporation
  • 909 Silver Lake Boulevard
  • Dover
  • Delaware
  • 19904
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.