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Corning Natural Gas Holding Valuation

Q: What is the Fair Price of CNIG.P when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CNIG.P ($29.5) is trading above our estimate of [[fair value]] ($21.54)

Is CNIG.P undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNIG.P?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CNIG.P. This is calculated by dividing CNIG.P's market cap by their current preferred multiple.
What is CNIG.P's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$75.95m

CNIG.P key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.9x
Enterprise Value/EBITDA	16.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does CNIG.P's PE Ratio compare to its peers?

The above table shows the PE ratio for CNIG.P vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	15.6x
SGU Star Group	13x	n/a	US$412.1m
SPH Suburban Propane Partners	7.2x	n/a	US$1.0b
NWN Northwest Natural Holding	20.9x	8.3%	US$1.6b
CPK Chesapeake Utilities	23.9x	6.9%	US$2.1b
CNIG.P Corning Natural Gas Holding	44.7x	n/a	US$75.9m

Price-To-Earnings vs Peers: CNIG.P is expensive based on its Price-To-Earnings Ratio (44.7x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does CNIG.P's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.5%
	n/a	n/a	n/a

Price-To-Earnings vs Industry: CNIG.P is expensive based on its Price-To-Earnings Ratio (44.7x) compared to the US Gas Utilities industry average (21.2x)

Price to Earnings Ratio vs Fair Ratio

What is CNIG.P's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNIG.P PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	44.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CNIG.P's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of CNIG.P when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNIG.P ($29.5) is trading above our estimate of fair value ($21.54)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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