Covenant Free Cash Flow Yield from 2010 to 2024
| CVLG Stock | USD 58.30 0.39 0.67% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter (0.22) | Current Value (0.23) | Quarterly Volatility 0.51262455 |
Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 39 M, Interest Expense of 6.7 M or Selling General Administrative of 115.4 M, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0072 or PTB Ratio of 1.53. Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
Covenant | Free Cash Flow Yield |
Latest Covenant Logistics' Free Cash Flow Yield Growth Pattern
Below is the plot of the Free Cash Flow Yield of Covenant Logistics Group, over the last few years. It is a financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share. Covenant Logistics' Free Cash Flow Yield historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Covenant Logistics' overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow Yield | 10 Years Trend |
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Free Cash Flow Yield |
| Timeline |
Covenant Free Cash Flow Yield Regression Statistics
| Arithmetic Mean | (0.26) | |
| Coefficient Of Variation | (200.92) | |
| Mean Deviation | 0.30 | |
| Median | (0.19) | |
| Standard Deviation | 0.51 | |
| Sample Variance | 0.26 | |
| Range | 2.0599 | |
| R-Value | 0.42 | |
| Mean Square Error | 0.23 | |
| R-Squared | 0.17 | |
| Significance | 0.12 | |
| Slope | 0.05 | |
| Total Sum of Squares | 3.68 |
Covenant Free Cash Flow Yield History
About Covenant Logistics Financial Statements
Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' Free Cash Flow Yield, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Covenant Logistics' assets and liabilities are reflected in the revenues and expenses on Covenant Logistics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Covenant Logistics Group,. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow Yield | (0.22) | (0.23) |
Currently Active Assets on Macroaxis
When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:Check out the analysis of Covenant Logistics Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.44 | Earnings Share 2.97 | Revenue Per Share 86.188 | Quarterly Revenue Growth (0) |
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.