CHMG Stock Analysis: Chemung Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 342m USD | 12M Return: 60.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.42M
EPS Trend: 7.8%
Qual. Beats: 1
Rev. Trend: 49.0%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Chemung Financial Corporation (CHMG) is a financial holding company headquartered in Elmira, New York, operating primarily through its subsidiary, Chemung Canal Trust Company. Established in 1833, the institution provides a full suite of retail and commercial banking services, including deposit accounts, residential and commercial mortgages, and consumer lending products such as home equity and automobile loans.
The company operates within the regional banking sub-industry, a sector characterized by a reliance on net interest margin-the difference between interest earned on loans and interest paid on deposits. Beyond traditional lending, Chemung Financial maintains a diversified revenue stream through fiduciary and wealth management services, acting as a custodian and trustee for estate planning, pensions, and profit-sharing trusts.
Regional banks often face unique regulatory and interest rate sensitivities that warrant a deeper look at specific valuation metrics on ValueRay. This business model integrates local market expertise with specialized financial services, including tax preparation and interest rate swaps, to serve small to mid-sized businesses and individual clients across its geographic footprint.
- Net interest margin fluctuates with Federal Reserve monetary policy shifts
- Wealth management and fiduciary fee income stabilizes non-interest revenue
- Asset quality remains sensitive to Upstate New York economic conditions
- Loan portfolio growth depends on commercial and agricultural credit demand
| Net Income: 18.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.77 > 1.0 |
| NWC/Revenue: -1.38k% < 20% (prev -1.36k%; Δ -17.51% < -1%) |
| CFO/TA 0.02 > 3% & CFO 47.4m > Net Income 18.3m |
| Net Debt (-165.2m) to EBITDA (26.8m): -6.17 < 3 |
| Current Ratio: 0.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.83m) vs 12m ago 0.71% < -2% |
| Gross Margin: 66.50% > 18% (prev 63.18%; Δ 3.32% > 0.5%) |
| Asset Turnover: 5.14% > 50% (prev 5.37%; Δ -0.23% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBIT TTM 24.1m / Interest Expense TTM 43.8m) |
| A: -0.72 (Total Current Assets 303.0m - Total Current Liabilities 2.27b) / Total Assets 2.75b |
| B: 0.10 (Retained Earnings 264.0m / Total Assets 2.75b) |
| C: 0.01 (EBIT TTM 24.1m / Avg Total Assets 2.77b) |
| D: 0.11 (Book Value of Equity 262.9m / Total Liabilities 2.49b) |
| Altman-Z'' = -4.21 = D |
As of June 30, 2026, the stock is trading at USD 74.60 with a total of 27,005 shares traded. Over the past week, the price has changed by +4.91%, over one month by +7.33%, over three months by +40.65% and over the past year by +60.36%.
Current recommended Stop Loss: 72.20 (which is 3.2% or 1.1 ATR below the current price).
Chemung Financial has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold CHMG.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 70.3 | -5.8% |
P/E Trailing = 18.6763
P/E Forward = 9.2937
P/S = 3.5873
P/B = 1.2979
Revenue TTM = 142.5m USD
EBIT TTM = 24.1m USD
EBITDA TTM = 26.8m USD
Long Term Debt = 44.1m USD (from longTermDebt, last quarter)
Short Term Debt = 75.7m USD (from shortLongTermDebt, last quarter)
Debt = 137.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 9.04m
Net Debt = -165.2m USD (calculated: Debt 137.8m - CCE 303.0m)
Enterprise Value = 176.9m USD (342.1m + Debt 137.8m - CCE 303.0m)
Interest Coverage Ratio = 0.55 (Ebit TTM 24.1m / Interest Expense TTM 43.8m)
EV/FCF = 3.86x (Enterprise Value 176.9m / FCF TTM 45.9m)
FCF Yield = 25.93% (FCF TTM 45.9m / Enterprise Value 176.9m)
FCF Margin = 32.18% (FCF TTM 45.9m / Revenue TTM 142.5m)
Net Margin = 12.83% (Net Income TTM 18.3m / Revenue TTM 142.5m)
Gross Margin = 66.50% ((Revenue TTM 142.5m - Cost of Revenue TTM 47.7m) / Revenue TTM)
Gross Margin QoQ = 73.43% (prev 71.85%)
Tobins Q-Ratio = 0.06 (Enterprise Value 176.9m / Total Assets 2.75b)
Interest Expense / Debt = 31.78% (Interest Expense 43.8m / Debt 137.8m)
Taxrate = 24.12% (5.81m / 24.1m)
NOPAT = 18.3m (EBIT 24.1m * (1 - 24.12%))
Current Ratio = 0.13 (Total Current Assets 303.0m / Total Current Liabilities 2.27b)
Debt / Equity = 0.52 (Debt 137.8m / totalStockholderEquity, last quarter 262.9m)
Debt / EBITDA = -6.17 (Net Debt -165.2m / EBITDA 26.8m)
Debt / FCF = -3.60 (Net Debt -165.2m / FCF TTM 45.9m)
Total Stockholder Equity = 249.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.66% (Net Income 18.3m / Total Assets 2.75b)
RoE = 7.33% (Net Income TTM 18.3m / Total Stockholder Equity 249.5m)
RoCE = 8.21% (EBIT 24.1m / Capital Employed (Equity 249.5m + L.T.Debt 44.1m))
RoIC = 3.88% (NOPAT 18.3m / Invested Capital 470.9m)
WACC = 12.66% (E(342.1m)/V(479.9m) * Re(8.04%) + D(137.8m)/V(479.9m) * Rd(31.78%) * (1-Tc(0.24)))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 0.76%
[DCF] Terminal Value 65.34% ; FCFF base≈37.6m ; Y1≈43.1m ; Y5≈63.4m
[DCF] Fair Price = 146.3 (EV 539.8m - Net Debt -165.2m = Equity 704.9m / Shares 4.82m; r=12.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 7.79 | EPS CAGR: 0.92% | SUE: 1.77 | # QB: 1
Revenue Correlation: 48.99 | Revenue CAGR: 3.56% | SUE: 2.05 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.76 | Chg30d=+0.28% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.80 | Chg30d=-3.23% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=7.15 | Chg30d=+0.70% | Revisions=+20% | GrowthEPS=+23.3% | GrowthRev=+30.2%
EPS next Year (2027-12-31): EPS=7.53 | Chg30d=-8.17% | Revisions=N/A | GrowthEPS=+5.3% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +33%