A Business at a Glance
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CHEMUNG FINANCIAL CORP
CHMG
$390M
Mkt Cap
$80.98
+8.60%
CHEMUNG FINANCIAL CORP (CHMG) has a current P/E ratio of 29.2, compared to its historical median P/E of 9.0. The stock is currently considered Expensive based on its historical valuation range.
CHEMUNG FINANCIAL CORP (CHMG) has a 5-year average return on invested capital (ROIC) of 11.9%. This indicates solid capital allocation.
CHEMUNG FINANCIAL CORP (CHMG) has a market capitalization of $430M. It is classified as a small-cap stock.
Yes, CHEMUNG FINANCIAL CORP (CHMG) pays a dividend with a trailing twelve-month yield of 1.50%. The company also returns capital through share buybacks, with a buyback yield of 0.11%.
Based on historical P/E analysis, CHEMUNG FINANCIAL CORP (CHMG) appears expensive. The current P/E of 29.2 is 224% above its historical median of 9.0. The estimated fair value CAGR (P/E method) is 2.7%.
CHEMUNG FINANCIAL CORP (CHMG) operates in the State Commercial Banks industry, within the Financials sector.
CHEMUNG FINANCIAL CORP (CHMG) reported annual revenue of $141 million in its most recent fiscal year, based on SEC EDGAR filings.
The Corporation was incorporated on January 2, 1985 under the laws of the State of New York and is headquartered in Elmira, New York. The Corporation was organized for the purpose of acquiring the Bank. The Bank was established in 1833 under the name Chemung Canal Bank, and was subsequently granted a New York State bank charter in 1895. In 1902, the Bank was reorganized as a New York State trust company under the name Elmira Trust Company, and its name was changed to Chemung Canal Trust Company in 1903. The Corporation became a financial holding company in June 2000. Financial holding company status provided the Corporation with the flexibility to offer an array of financial services, such as insurance products, mutual funds, and brokerage services, which provide additional sources of fee-based income and allows the Corporation to better serve its customers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 99M | 141M | 151M | 138M | 103M | 93M |
| Net Income | 18M | 15M | 24M | 25M | 29M | 26M |
| EPS | $3.43 | $3.14 | $4.96 | $5.28 | $6.13 | $5.64 |
| Free Cash Flow | 46M | 44M | 26M | 30M | 35M | 35M |
| ROIC | 5.9% | 5.9% | 11.5% | 13.8% | 15.2% | 12.9% |
| Gross Margin | - | 67.2% | 66.8% | 71.5% | 92.4% | 96.3% |
| Debt/Equity | 0.00 | 0.18 | 0.00 | 12.88 | 14.90 | 10.44 |
| Dividends/Share | $1.21 | $1.32 | $1.24 | $1.24 | $1.24 | $1.19 |
| Operating Income | 4.5M | 4.3M | 2.8M | 5.3M | 2.9M | 3.4M |
| Operating Margin | 4.6% | 3.0% | 1.8% | 3.8% | 2.8% | 3.6% |
| ROE | 6.9% | 6.4% | 11.5% | 13.8% | 15.2% | 12.9% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 80M | 75M | 77M | 81M | 88M | 87M | 88M | 93M | 103M | 138M | 151M | 141M | 99M |
| Gross Margin | 90.5% | 93.1% | 91.9% | 85.0% | 91.8% | 85.9% | 90.7% | 96.3% | 92.4% | 71.5% | 66.8% | 67.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 60M | 55M | 57M | 54M | 57M | 56M | 56M | 56M | 59M | 34M | 36M | 39M | 40M |
| EBIT | 3.2M | 2.9M | 2.3M | 2.4M | 2.5M | 1.7M | 2.5M | 3.4M | 2.9M | 5.3M | 2.8M | 4.3M | 4.5M |
| Op. Margin | 4.0% | 3.9% | 2.9% | 3.0% | 2.8% | 1.9% | 2.9% | 3.6% | 2.8% | 3.8% | 1.8% | 3.0% | 4.6% |
| Net Income | 8.2M | 9.4M | 10M | 7.4M | 20M | 16M | 19M | 26M | 29M | 25M | 24M | 15M | 18M |
| Net Margin | 10.2% | 12.6% | 13.0% | 9.2% | 22.4% | 17.9% | 21.9% | 28.5% | 28.0% | 18.2% | 15.7% | 10.7% | 18.4% |
| Non-Recurring | -14K | 18K | 0 | -29K | -10K | -334K | -247K | -16K | -56K | -3K | 39K | 640K | 640K |
| Returns on Capital | |||||||||||||
| ROIC | 6.0% | 7.0% | 7.1% | 5.1% | 12.5% | 9.0% | 10.1% | 12.9% | 15.2% | 13.8% | 11.5% | 5.9% | 5.9% |
| ROE | 6.0% | 7.0% | 7.1% | 5.1% | 12.5% | 9.0% | 10.1% | 12.9% | 15.2% | 13.8% | 11.5% | 6.4% | 6.9% |
| ROA | 0.5% | 0.6% | 0.6% | 0.4% | 1.1% | 0.9% | 0.9% | 1.1% | 1.1% | 0.9% | 0.9% | 0.6% | 0.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 18M | 14M | 22M | 24M | 28M | 26M | 29M | 35M | 35M | 31M | 30M | 45M | 47M |
| Free Cash Flow | 16M | 13M | 20M | 22M | 26M | 26M | 28M | 35M | 35M | 30M | 26M | 44M | 46M |
| Owner Earnings | 13M | 8.9M | 17M | 19M | 24M | 23M | 25M | 33M | 32M | 28M | 27M | 42M | -24M |
| CapEx | 2.6M | 1.2M | 1.7M | 1.5M | 1.8M | 883K | 867K | 367K | 426K | 462K | 3.6M | 1.7M | 1.5M |
| Maint. CapEx | 5.2M | 5.2M | 5.2M | 4.6M | 4.2M | 3.7M | 3.4M | 2.7M | 2.2M | 2.0M | 1.8M | 1.9M | 70M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8M | 0 | 0 |
| D&A | 5.2M | 5.2M | 5.2M | 4.6M | 4.2M | 3.7M | 3.4M | 2.7M | 2.2M | 2.0M | 1.8M | 1.9M | 70M |
| CapEx/OCF | 14.0% | 8.2% | 7.7% | 6.3% | 6.4% | 3.3% | 3.0% | 1.0% | 1.2% | 1.5% | 12.2% | N/A | 3.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.8M | 4.8M | 4.9M | 4.9M | 5.0M | 5.0M | 5.0M | 5.3M | 5.8M | 5.8M | 7.4M | 6.3M | 6.4M |
| Dividend Yield | 5.0% | 5.1% | 4.6% | 3.2% | 2.8% | 2.8% | 3.9% | 3.0% | 3.0% | 3.1% | 3.5% | N/A | 1.5% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 7.6M | 1.6M | 933K | 316K | 344K | 396K | 484K |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 5.3% | 0.8% | 0.5% | 0.1% | 0.1% | 0.0% | 0.1% |
| Stock-Based Comp | 4K | 3K | 8K | 6K | 2K | 2K | 2K | 4K | 795K | 1.1M | 1.2M | 1.5M | 1.5M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0M | 1.0M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -47M | -5.1M | -53M |
| Cash & Equiv. | 29M | 26M | 74M | 31M | 130M | 122M | 109M | 27M | 56M | 37M | 47M | 50M | 53M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 45M | 45M |
| Debt/Equity | 10.41 | 10.80 | 10.53 | 10.40 | 9.64 | 8.79 | 10.41 | 10.44 | 14.90 | 12.88 | 0.00 | 0.18 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.0 |
| Equity | 134M | 137M | 144M | 150M | 165M | 183M | 200M | 211M | 166M | 195M | 215M | 255M | 263M |
| Total Assets | 1.5B | 1.6B | 1.7B | 1.7B | 1.8B | 1.8B | 2.3B | 2.4B | 2.6B | 2.7B | 2.8B | 2.7B | 2.7B |
| Total Liabilities | 1.4B | 1.5B | 1.5B | 1.6B | 1.6B | 1.6B | 2.1B | 2.2B | 2.5B | 2.5B | 2.6B | 2.5B | 2.5B |
| Intangibles | 5.1M | 3.9M | 2.9M | 2.1M | 1.4M | 742K | 258K | 15K | 0 | N/A | N/A | N/A | N/A |
| Retained Earnings | 114M | 119M | 124M | 128M | 143M | 154M | 168M | 189M | 212M | 230M | 248M | 256M | 264M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.74 | 2.00 | 2.11 | 1.55 | 4.06 | 3.21 | 4.01 | 5.64 | 6.13 | 5.28 | 4.96 | 3.14 | 3.43 |
| Owner EPS | 2.83 | 1.90 | 3.57 | 3.98 | 4.88 | 4.66 | 5.26 | 6.98 | 6.82 | 5.86 | 5.61 | 8.76 | -4.60 |
| Book Value | 28.50 | 29.10 | 30.25 | 31.25 | 34.14 | 37.56 | 41.57 | 45.13 | 35.44 | 41.23 | 45.12 | 52.95 | 49.52 |
| Cash Flow/Share | 3.93 | 2.99 | 4.66 | 4.93 | 5.75 | 5.43 | 5.97 | 7.57 | 7.46 | 6.52 | 6.25 | 9.46 | 16.67 |
| Dividends/Share | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.19 | 1.24 | 1.24 | 1.24 | 1.32 | 1.21 |
| Shares Out. | 4.7M | 4.7M | 4.8M | 4.8M | 4.8M | 4.9M | 4.8M | 4.7M | 4.7M | 4.7M | 4.8M | 4.8M | 5.3M |
| Valuation | |||||||||||||
| P/E Ratio | 11.8 | 10.3 | 13.4 | 25.0 | 8.4 | 11.1 | 7.4 | 7.2 | 6.8 | 9.0 | 9.7 | N/A | 23.6 |
| P/FCF | 6.1 | 7.5 | 6.6 | 8.4 | 6.3 | 6.8 | 5.1 | 5.5 | 5.7 | 7.4 | 8.8 | N/A | 9.4 |
| EV/EBIT | 27.2 | 31.2 | 30.0 | 65.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 82.9 |
| Price/Book | 0.7 | 0.7 | 0.9 | 1.2 | 1.0 | 1.0 | 0.7 | 0.9 | 1.2 | 1.2 | 1.1 | N/A | 1.6 |
| Price/Sales | 1.3 | 1.3 | 1.5 | 2.0 | 2.1 | 2.2 | 1.5 | 2.0 | 2.0 | 1.9 | 2.2 | N/A | 4.3 |
| FCF Yield | 16.4% | 13.3% | 15.2% | 11.9% | 15.8% | 14.7% | 19.5% | 18.3% | 17.6% | 13.5% | 11.4% | N/A | 10.7% |
| Market Cap | 97M | 98M | 134M | 186M | 164M | 174M | 142M | 191M | 197M | 225M | 230M | 0 | 430M |
| Avg. Price | 20.62 | 20.04 | 22.47 | 32.35 | 36.90 | 37.23 | 26.85 | 37.95 | 41.03 | 39.79 | 44.26 | 0.00 | 80.98 |
| Year-End Price | 20.59 | 20.69 | 28.26 | 38.76 | 34.01 | 35.73 | 29.66 | 40.87 | 41.90 | 47.59 | 48.16 | 0.00 | 80.98 |
CHEMUNG FINANCIAL CORP passes 3 of 9 quality checks, indicating weak fundamentals.
CHEMUNG FINANCIAL CORP trades at 29.2x trailing earnings, compared to its 15-year median P/E of 9.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 6.6x. The company's 5-year average ROIC is 11.9% with a gross margin of 78.8%. Total shareholder yield (dividends + buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +2.1%.
CHEMUNG FINANCIAL CORP (CHMG) has a net profit margin of 10.7%. This is a healthy margin.
CHEMUNG FINANCIAL CORP (CHMG) generated $44 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CHEMUNG FINANCIAL CORP (CHMG) has a debt-to-equity ratio of 0.18. This indicates a conservatively financed balance sheet.
CHEMUNG FINANCIAL CORP (CHMG) reported earnings per share (EPS) of $3.14 in its most recent fiscal year.
CHEMUNG FINANCIAL CORP (CHMG) has a return on equity (ROE) of 6.4%. This indicates moderate shareholder returns.
CHEMUNG FINANCIAL CORP (CHMG) has a 5-year average gross margin of 78.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for CHEMUNG FINANCIAL CORP (CHMG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHEMUNG FINANCIAL CORP (CHMG) has a book value per share of $52.95, based on its most recent annual SEC filing.