Chesapeake Utilities Corporation (CPK) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-227.8%

-$176.72

vs $138.26 price

Levered DCF

-$212.22

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.36

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	20.79×	22.98×	22.24×	23.31×	30.7×	25.34×	26.33×	23.5×
P/B	1.83×	1.96×	1.56×	2.51×	3.31×	2.59×	2.8×	2.57×
P/S	3.14×	3.46×	2.89×	3.08×	4.49×	3.7×	3.28×	1.85×
EV / EBITDA	12.2×	13.51×	14.51×	12.74×	16.3×	13.68×	14.5×	13.56×
Gross margin	31.6%	42.5%	38.1%	34.9%	38.2%	39.5%	35.8%	21.5%
Operating margin	27.7%	29.0%	22.5%	21.0%	23.0%	23.1%	22.2%	13.2%
Net margin	15.1%	15.1%	13.0%	13.2%	14.6%	14.6%	13.6%	7.9%
Current ratio	0.45×	0.49×	0.48×	0.53×	0.45×	0.41×	0.32×	0.36×
Debt / equity	1.02×	1.07×	1.12×	0.98×	1.03×	1.02×	1.32×	1.2×
Interest coverage	3.54×	3.34×	4.08×	5.87×	6.51×	5.18×	4.78×	5.86×
Dividend yield	2.1%	2.0%	2.1%	1.7%	1.2%	1.5%	1.6%	1.7%
Payout ratio	43.3%	45.7%	45.9%	39.1%	37.8%	38.0%	37.9%	39.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.8%	8.5%	7.0%	10.8%	10.8%	10.3%	11.6%	10.9%
Return on invested capital	4.9%	4.9%	3.7%	5.0%	4.9%	4.7%	4.8%	4.7%
Return on assets	3.5%	3.3%	2.6%	4.1%	3.9%	3.7%	3.7%	3.3%
Free cash flow yield	-7.4%	-4.3%	0.8%	1.5%	-1.4%	-0.4%	-5.2%	-9.2%
Earnings yield	4.8%	4.3%	4.5%	4.3%	3.3%	4.0%	4.1%	4.3%
Enterprise value	$4.6B	$4.2B	$3.3B	$2.9B	$3.4B	$2.5B	$2.3B	$1.9B
Net debt / EBITDA	4.38×	4.76×	6.06×	3.55×	3.86×	3.83×	4.63×	4.29×
Cash conversion cycle (days)	9	15	16	22	30	8	19	-14