Covenant Logistics Group, Inc. (CVLG) vs Elite Express Holding Inc. (ETS)

Covenant Logistics Group, Inc. and Elite Express Holding Inc. are both Trucking companies. Covenant Logistics Group, Inc. is the larger, with a market value of $841.5M against $19.4M — 43.4× the size. Elite Express Holding Inc. has negative trailing earnings, so its P/E is not meaningful; Covenant Logistics Group, Inc. trades at 216×. Elite Express Holding Inc. grew revenue faster over the last twelve months: 12.9% against 8.34%. Covenant Logistics Group, Inc. has the higher net margin (0.31% vs −157.1%) and the higher return on invested capital (−0.10% vs −24.2%). Across the 17 metrics below, Covenant Logistics Group, Inc. leads on 12 and Elite Express Holding Inc. on 5.

Valuation

Metric CVLG ETS Trucking median
P/E 216.47 n/m 50.34
P/S 0.66 9.24 1.19
P/B 1.98 1.43 1.48
Price to free cash flow 31.99 n/m 13.51
EV/EBITDA 11.85 n/m 11.77
EV/Sales 0.90 7.42 1.03
Earnings yield 0.46% (18.41%) 0.21%
Free cash flow yield 3.13% (24.59%) 4.56%

Profitability

Metric CVLG ETS Trucking median
Gross margin 62.40% 9.42% 51.20%
Operating margin (0.09%) (178.96%) 0.00%
Net margin 0.31% (157.05%) 0.35%
Free cash flow margin 2.08% (227.32%) 5.45%
Return on equity 0.91% (27.02%) 0.31%
Return on assets 0.38% (26.58%) 0.37%
Return on invested capital (0.10%) (24.16%) (0.05%)

Growth

Metric CVLG ETS Trucking median
Revenue growth (TTM) 8.34% 12.92% 4.46%
EPS growth (last fiscal year) (79.23%) (446.08%) —
Revenue growth, 5-year CAGR 6.79% — 6.44%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric CVLG ETS Trucking median
Debt to equity 0.71 0.00 0.17
Current ratio 1.14 71.21 1.52
Net debt to EBITDA 3.09 0.58 1.59

Dividend

Metric CVLG ETS Trucking median
Dividend yield 0.86% — 1.00%
Payout ratio 0.06 — 0.08

Size

Metric CVLG ETS Trucking median
Market cap 841.53m 19.37m 1.53b

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