Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Corning Natural Gas Holding. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Corning Natural Gas Holding's
is considered below, and whether this is a fair price.
Price based on past earnings
Corning Natural Gas Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
Corning Natural Gas Holding's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Corning Natural Gas Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Corning Natural Gas Holding's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Corning Natural Gas Holding
has a total score of
5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Corning Natural Gas Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
Corning Natural Gas Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Corning Natural Gas Holding's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Corning Natural Gas Holding's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.2x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
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 2013. Mr. German is Chief Executive Officer, President and a Director of Corning Natural Gas Corporation since December 2006. Mr. German serves as the President of Ten Companies Inc. Mr. German served as Senior Vice President of Utility Operations at Southern Union Company from August 15, 2005 to 2006, where he was responsible for gas utility operations in Missouri, Pennsylvania, Rhode Island and Massachusetts. From 1994 to 2005, Mr. German served several senior positions at Energy East Corporation, a publicly-held energy services and delivery company, including President of several utilities. Mr. German served as President of Connecticut Natural Gas Corporation and Southern Connecticut Gas Company since May 2003. He served as the President of New Hampshire Gas and Maine Natural Gas. Mr. German served as Senior Vice President of Business Development at Energy East Management Corporation, a subsidiary of Energy East Corp. from March 2002 to May 2003. He is the Boards of Directors of Three River Development Corporation and Northeast Gas Association, as well as the Board of Trustees of the Adirondack Park Institute. Mr. German served as President and Chief Executive Officer of Energy Network Inc. since October 2002. He served as Senior Vice President of Energy East Corporation from April 1998 to March 2002. He served as President and Chief Operating Officer of New York State Electric & Gas Corporation or NYSEG April 1999 to October 2000. He served as an Executive Vice President and Chief Operating Officer of NYSEG, April 1998 to April 1999. He served as an Executive Vice President of NYSEG until April 1998. He served as Senior Vice President of Nyseg Gas from November 1994 to April 1997. He worked at the American Gas Association from 1978 to 1994 and served as its Director of Policy Coordination, Vice President of Planning and Analysis and Senior Vice President. He began his career with the U.S. Energy Research & Development Administration in 1976. He has been a Director of Neon Communications Inc. since September 2000. He has been an Independent Director of Ampco-Pittsburgh Corp. since February 27, 2014. Mr. German serves as a Board Member of the Northeast Gas Association and several non-profit organizations. He serves as a Trustee of Adirondak Park Institute. Mr. German has been a Director of Corning Natural Gas Holding Corporation since 2013. He serves as a Director of American Gas Association, CTG Resources, Inc., CMP Group and Berkshire Energy Resources, Inc. Mr. German served as a Director of Gas Natural Inc. since April 11, 2008 and Pennichuck Corporation from 2008 to 2011. He served as a Director of Central Maine Power Company. He is a Member of the D.C. Bar Association. Mr. German holds a Bachelor of Arts Degree at Trinity College in 1972, an MBA at Columbia University in 1974 and a Juris Doctorate at Boston University in 1979.
Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
Corning Natural Gas Holding
management team in years:
The average tenure for the Corning Natural Gas Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
CEO, President & Director
CFO, Treasurer & Corporate Secretary
Vice President of Operations
Vice President of Gas Supply & Marketing
Board of Directors Tenure
Average tenure and age of the
Corning Natural Gas Holding
board of directors in years:
The tenure for the Corning Natural Gas Holding board of directors is about average.
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 also transports and compresses gas for a gas producer from its gathering network into an interstate pipeline. The company 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. Corning Natural Gas Holding Corporation was founded in 1904 and is headquartered in Corning, New York.
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