Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity.
Average dividend payer with acceptable track record.
Share Price & News
How has Corning Natural Gas Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CNIG has not had significant price volatility in the past 3 months.
7 Day Return
US Gas Utilities
1 Year Return
US Gas Utilities
Return vs Industry: CNIG exceeded the US Gas Utilities industry which returned -24% over the past year.
Return vs Market: CNIG underperformed the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is Corning Natural Gas Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Corning Natural Gas Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CNIG ($16.01) is trading above our estimate of fair value ($12.42)
Significantly Below Fair Value: CNIG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CNIG is good value based on its PE Ratio (18.5x) compared to the US Gas Utilities industry average (21.5x).
PE vs Market: CNIG is poor value based on its PE Ratio (18.5x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNIG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CNIG is good value based on its PB Ratio (1.3x) compared to the US Gas Utilities industry average (1.6x).
How is Corning Natural Gas Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Corning Natural Gas Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Corning Natural Gas Holding is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Corning Natural Gas Holding's filings and announcements here.
- Explore growth companies in the Utilities industry.
How has Corning Natural Gas Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNIG has high quality earnings.
Growing Profit Margin: CNIG's current net profit margins (8.1%) are higher than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: CNIG's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: CNIG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CNIG had negative earnings growth (-10.6%) over the past year, making it difficult to compare to the Gas Utilities industry average (2.1%).
Return on Equity
High ROE: CNIG's Return on Equity (6.9%) is considered low.
How is Corning Natural Gas Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CNIG's short term assets ($9.8M) do not cover its short term liabilities ($10.9M).
Long Term Liabilities: CNIG's short term assets ($9.8M) do not cover its long term liabilities ($69.6M).
Debt to Equity History and Analysis
Debt Level: CNIG's debt to equity ratio (130.7%) is considered high.
Reducing Debt: CNIG's debt to equity ratio has increased from 78.3% to 130.7% over the past 5 years.
Debt Coverage: CNIG's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: CNIG's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Corning Natural Gas Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNIG's dividend (3.81%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: CNIG's dividend (3.81%) is low compared to the top 25% of dividend payers in the US market (4.6%).
Stability and Growth of Payments
Stable Dividend: CNIG's dividends per share have been stable in the past 10 years.
Growing Dividend: CNIG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.8%), CNIG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike German (69yo)
Mr. Michael I. German, also known as Mike, has been the President and Chief Executive Officer of Corning Natural Gas Holding Corporation (formerly known as Corning Natural Gas Corporation) since December 2 ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD226.78K) is below average for companies of similar size in the US market ($USD614.21K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO, President & Director||13.58yrs||US$226.78k||18.45% $9.0m|
|CFO, Treasurer & Corporate Secretary||14.5yrs||US$242.31k||0.16% $77.8k|
|Vice President of Operations & Customer Service||12.42yrs||US$215.79k||0.068% $33.4k|
|Vice President of Energy Supply & Business Development||no data||US$222.73k||0.063% $31.0k|
Experienced Management: CNIG's management team is seasoned and experienced (13.6 years average tenure).
|CEO, President & Director||13.58yrs||US$226.78k||18.45% $9.0m|
|Independent Chairman of the Board||7.5yrs||US$27.11k||1.32% $647.8k|
|Independent Director||9.67yrs||US$27.11k||0.69% $337.2k|
|Independent Director||9.67yrs||US$27.11k||2.13% $1.0m|
|Independent Director||6yrs||US$27.11k||0.58% $283.5k|
|Independent Director||13.67yrs||US$27.11k||5.11% $2.5m|
|Independent Director||13.17yrs||US$27.11k||0.86% $421.1k|
|Independent Director||9.67yrs||US$27.11k||2.18% $1.1m|
Experienced Board: CNIG's board of directors are considered experienced (9.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Corning Natural Gas Holding Corporation's company bio, employee growth, exchange listings and data sources
- Name: Corning Natural Gas Holding Corporation
- Ticker: CNIG
- Exchange: OTCPK
- Founded: 1904
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$49.033m
- Shares outstanding: 3.06m
- Website: https://www.corninggas.com
Number of Employees
- Corning Natural Gas Holding Corporation
- 330 West William Street
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CNIG||OTCPK (Pink Sheets LLC)||Yes||New Common Stock||US||USD||Jan 1975|
|CNIG.P||OTCPK (Pink Sheets LLC)||PFD CNV B 4.8%||US||USD||Oct 2016|
|CNIG.O||OTCPK (Pink Sheets LLC)||PFD SER A||US||USD||Oct 2016|
Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity. The company offers natural gas to approximately 15,000 customers through approximately 425 miles of distribution main and 86 regulating stations; and electricity to approximately 4,800 customers through approximately 160 miles of electric distribution wire and poles, and 21 miles of gas distribution pipe. It serves residential, commercial, industrial, and municipal customers in the Corning, Hammondsport, and Virgil areas, as well as in Pike county; and distributes to two other gas utilities that serve the Elmira and Bath areas of New York. The company was founded in 1904 and is headquartered in Corning, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/12 00:14|
|End of Day Share Price||2020/07/02 00:00|
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.