A Business at a Glance
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CHESAPEAKE UTILITIES CORP
CPK
$3.2B
Mkt Cap
$135.78
+0.87%
CHESAPEAKE UTILITIES CORP (CPK) has a current P/E ratio of 22.7, compared to its historical median P/E of 21.4. The stock is currently considered Fair based on its historical valuation range.
CHESAPEAKE UTILITIES CORP (CPK) has a 5-year average return on invested capital (ROIC) of 6.1%. This is below average and may indicate limited pricing power.
CHESAPEAKE UTILITIES CORP (CPK) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Yes, CHESAPEAKE UTILITIES CORP (CPK) pays a dividend with a trailing twelve-month yield of 1.91%.
Based on historical P/E analysis, CHESAPEAKE UTILITIES CORP (CPK) appears fair. The current P/E of 22.7 is 6% above its historical median of 21.4. The estimated fair value CAGR (P/E method) is 5.7%.
CHESAPEAKE UTILITIES CORP (CPK) operates in the Natural Gas Transmisison & Distribution industry, within the Utilities sector.
CHESAPEAKE UTILITIES CORP (CPK) reported annual revenue of $930 million in its most recent fiscal year, based on SEC EDGAR filings.
Table of Contents ITEM 1. Business. Corporate Overview and Strategy Chesapeake Utilities Corporation is a Delaware corporation formed in 1947 with operations primarily in the Mid-Atlantic region, North Carolina, South Carolina, Florida and Ohio. We are an energy delivery company engaged in the distribution of natural gas, electricity and propane, the transmission of natural gas, the generation of electricity and steam, and in providing mobile compressed natural gas and other energy-related services to our customers. Our strategy is focused on growing earnings from a stable, regulated energy delivery foundation and investing in related businesses and services that together provide opportunities for returns greater than traditional utility returns.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 984M | 930M | 787M | 671M | 681M | 570M |
| Net Income | 149M | 140M | 119M | 87M | 90M | 83M |
| EPS | $6.29 | $5.97 | $5.26 | $4.73 | $5.04 | $4.73 |
| Free Cash Flow | -210M | -215M | -116M | 15M | 31M | -36M |
| ROIC | 5.9% | 6.1% | 6.1% | 5.3% | 6.5% | 6.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.00 | 1.02 | 1.08 | 1.12 | 0.98 | 1.03 |
| Dividends/Share | $2.59 | $2.70 | $2.51 | $2.31 | $2.09 | $1.88 |
| Operating Income | 269M | 256M | 228M | 151M | 143M | 131M |
| Operating Margin | 27.3% | 27.5% | 29.0% | 22.5% | 21.0% | 23.0% |
| ROE | 9.0% | 9.4% | 9.0% | 8.4% | 11.2% | 11.3% |
| Shares Outstanding | 24M | 24M | 23M | 18M | 18M | 18M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 499M | 459M | 499M | 450M | 490M | 480M | 488M | 570M | 681M | 671M | 787M | 930M | 984M |
| Gross Margin | 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 |
| 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 | 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 |
| EBIT | 62M | 78M | 86M | 90M | 95M | 106M | 113M | 131M | 143M | 151M | 228M | 256M | 269M |
| Op. Margin | 12.5% | 16.9% | 17.2% | 20.0% | 19.3% | 22.2% | 23.1% | 23.0% | 21.0% | 22.5% | 29.0% | 27.5% | 27.3% |
| Net Income | 36M | 41M | 45M | 58M | 57M | 65M | 71M | 83M | 90M | 87M | 119M | 140M | 149M |
| Net Margin | 7.2% | 9.0% | 9.0% | 12.9% | 11.5% | 13.6% | 14.6% | 14.6% | 13.2% | 13.0% | 15.1% | 15.1% | 15.1% |
| Non-Recurring | 14M | 1.8M | -565K | -3.0M | -5.4M | 4.3M | 6.2M | 9.0M | 7.5M | 800K | 4.4M | 11M | 11M |
| Returns on Capital | |||||||||||||
| ROIC | 7.1% | 7.6% | 7.1% | 8.3% | 6.7% | 6.5% | 6.3% | 6.6% | 6.5% | 5.3% | 6.1% | 6.1% | 5.9% |
| ROE | 12.5% | 12.5% | 11.1% | 12.5% | 11.3% | 12.1% | 11.4% | 11.3% | 11.2% | 8.4% | 9.0% | 9.4% | 9.0% |
| ROA | 4.1% | 4.2% | 3.9% | 4.4% | 3.6% | 3.7% | 3.8% | 4.1% | 4.1% | 3.2% | 3.4% | 3.7% | 3.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 74M | 105M | 104M | 110M | 117M | 103M | 159M | 151M | 159M | 204M | 239M | 234M | 267M |
| Free Cash Flow | -18M | -39M | -66M | -65M | -123M | -82M | -6.6M | -36M | 31M | 15M | -116M | -215M | -210M |
| Owner Earnings | 45M | 73M | 70M | 71M | 74M | 53M | 96M | 82M | 84M | 130M | 165M | 133M | 166M |
| CapEx | 92M | 144M | 170M | 175M | 240M | 185M | 166M | 187M | 128M | 189M | 355M | 449M | 477M |
| Maint. CapEx | 26M | 30M | 32M | 36M | 40M | 45M | 58M | 63M | 69M | 66M | 66M | 92M | 91M |
| Growth CapEx | 65M | 114M | 138M | 139M | 200M | 139M | 107M | 124M | 59M | 123M | 290M | 357M | 386M |
| D&A | 26M | 30M | 32M | 36M | 40M | 45M | 58M | 63M | 69M | 66M | 66M | 92M | 91M |
| CapEx/OCF | 124.3% | 137.1% | 163.1% | 159.3% | 204.8% | 179.4% | 104.1% | 124.2% | 80.7% | 92.7% | 148.4% | 192.0% | 178.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 14M | 16M | 17M | 20M | 22M | 25M | 27M | 32M | 35M | 40M | 54M | 61M | 62M |
| Dividend Yield | 2.7% | 2.5% | 2.1% | 1.9% | 2.0% | 1.8% | 2.0% | 1.6% | 1.7% | 2.0% | 2.2% | 2.1% | 1.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 706K | 721K | 23M | 16M | 4.5M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.1% | 0.1% | 1.4% | 0.7% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.0M | 1.9M | 2.4M | 2.5M | 2.8M | 4.3M | 4.8M | 5.9M | 6.4M | 7.6M | 8.4M | 8.5M | 9.7M |
| Debt Repayment | 10.0M | 11M | 9.1M | 12M | 34M | 42M | 54M | 14M | 18M | 22M | 19M | 26M | 26M |
| Balance Sheet | |||||||||||||
| Net Debt | 251M | 329M | 355M | 452M | 616M | 738M | 706M | 795M | 811M | 1.4B | 1.5B | 1.6B | 1.7B |
| Cash & Equiv. | 4.6M | 2.9M | 4.2M | 5.6M | 6.1M | 7.0M | 3.5M | 5.0M | 6.2M | 4.9M | 7.9M | 1.8M | 4.7M |
| Long-Term Debt | 158M | 149M | 137M | 197M | 316M | 440M | 508M | 550M | 578M | 1.2B | 1.3B | 1.3B | 1.3B |
| Debt/Equity | 0.85 | 0.93 | 0.80 | 0.94 | 1.20 | 1.33 | 1.02 | 1.03 | 0.98 | 1.12 | 1.08 | 1.02 | 1.00 |
| Interest Coverage | 6.6 | 7.8 | 8.1 | 7.2 | 5.9 | 4.8 | 5.2 | 6.5 | 5.9 | 4.1 | 3.3 | 3.5 | 3.7 |
| Equity | 300M | 358M | 446M | 486M | 518M | 562M | 697M | 774M | 833M | 1.2B | 1.4B | 1.6B | 1.7B |
| Total Assets | 904M | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | 1.9B | 2.1B | 2.2B | 3.3B | 3.6B | 4.0B | 4.1B |
| Total Liabilities | 251M | 281M | 783M | 929M | 1.2B | 1.2B | 398M | 414M | 435M | 485M | 506M | 539M | 565M |
| Intangibles | 2.4M | 2.2M | 1.8M | 4.7M | 3.9M | 8.1M | 8.3M | 13M | 18M | 17M | 15M | 13M | 13M |
| Retained Earnings | 142M | 166M | 192M | 229M | 262M | 301M | 343M | 393M | 446M | 489M | 550M | 627M | 669M |
| Working Capital | -72M | -168M | -193M | -234M | -337M | -288M | -193M | -206M | -175M | -201M | -215M | -293M | -315M |
| Current Assets | 122M | 112M | 141M | 179M | 192M | 135M | 136M | 170M | 194M | 186M | 204M | 237M | 239M |
| Current Liabilities | 194M | 280M | 334M | 413M | 528M | 423M | 329M | 376M | 369M | 386M | 419M | 530M | 554M |
| Per Share Data | |||||||||||||
| EPS | 2.47 | 2.72 | 2.86 | 3.55 | 3.45 | 3.96 | 4.26 | 4.73 | 5.04 | 4.73 | 5.26 | 5.97 | 6.29 |
| Owner EPS | 3.11 | 4.81 | 4.46 | 4.35 | 4.53 | 3.24 | 5.72 | 4.64 | 4.69 | 7.07 | 7.33 | 5.68 | 6.91 |
| Book Value | 20.55 | 23.68 | 28.56 | 29.70 | 31.61 | 34.13 | 41.53 | 43.87 | 46.74 | 67.59 | 61.66 | 68.02 | 68.67 |
| Cash Flow/Share | 5.04 | 6.92 | 6.67 | 6.72 | 7.16 | 6.26 | 9.47 | 8.53 | 8.92 | 11.04 | 10.62 | 9.94 | 9.95 |
| Dividends/Share | 1.07 | 1.13 | 1.20 | 1.28 | 1.44 | 1.59 | 1.59 | 1.88 | 2.09 | 2.31 | 2.51 | 2.70 | 2.59 |
| Shares Out. | 14.6M | 15.1M | 15.6M | 16.4M | 16.4M | 16.5M | 16.8M | 17.6M | 17.8M | 18.4M | 22.5M | 23.5M | 24.1M |
| Valuation | |||||||||||||
| P/E Ratio | 16.7 | 17.9 | 19.7 | 19.1 | 20.2 | 21.4 | 23.0 | 27.7 | 22.1 | 21.5 | 22.5 | 21.1 | 21.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 64.9 | 125.8 | N/A | N/A | N/A |
| EV/EBIT | 13.7 | 13.7 | 14.4 | 17.4 | 18.6 | 20.0 | 20.8 | 23.6 | 19.4 | 21.5 | 18.1 | 17.9 | 18.3 |
| Price/Book | 2.0 | 2.1 | 2.0 | 2.3 | 2.2 | 2.5 | 2.4 | 3.0 | 2.4 | 1.5 | 1.9 | 1.9 | 2.0 |
| Price/Sales | 1.0 | 1.4 | 1.6 | 2.3 | 2.3 | 2.8 | 2.8 | 3.4 | 3.1 | 3.0 | 3.1 | 3.2 | 3.3 |
| FCF Yield | -3.0% | -5.3% | -7.5% | -5.9% | -10.7% | -5.9% | -0.4% | -1.6% | 1.5% | 0.8% | -4.3% | -7.3% | -6.4% |
| Market Cap | 604M | 736M | 882M | 1.1B | 1.1B | 1.4B | 1.6B | 2.3B | 2.0B | 1.9B | 2.7B | 3.0B | 3.3B |
| Avg. Price | 34.88 | 42.00 | 52.07 | 63.67 | 68.64 | 81.19 | 81.34 | 110.63 | 119.15 | 108.54 | 109.05 | 124.93 | 135.78 |
| Year-End Price | 41.31 | 48.68 | 56.43 | 67.86 | 69.81 | 84.78 | 98.00 | 130.97 | 111.42 | 101.65 | 118.23 | 125.92 | 135.78 |
CHESAPEAKE UTILITIES CORP passes 2 of 9 quality checks, indicating weak fundamentals.
CHESAPEAKE UTILITIES CORP trades at 22.7x trailing earnings, compared to its 15-year median P/E of 21.4x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 6.1%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is -18.1%.
CHESAPEAKE UTILITIES CORP (CPK) has a net profit margin of 15.1%. This is a healthy margin.
CHESAPEAKE UTILITIES CORP (CPK) generated $-215 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CHESAPEAKE UTILITIES CORP (CPK) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
CHESAPEAKE UTILITIES CORP (CPK) reported earnings per share (EPS) of $5.97 in its most recent fiscal year.
CHESAPEAKE UTILITIES CORP (CPK) has a return on equity (ROE) of 9.4%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for CHESAPEAKE UTILITIES CORP (CPK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHESAPEAKE UTILITIES CORP (CPK) has a book value per share of $68.02, based on its most recent annual SEC filing.
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