Stock fact sheet · data as of
Chemung Financial Corporation (CHMG): fair value, margin of safety and Wheel Score
Ticker symbol CHMG · Financial Services · Banks - Regional · United States · Value
Is CHMG undervalued?
Chemung Financial Corporation (CHMG) closed at 86.88 on 5 Nov 2026, close to the GLS average fair value of 79.83 (8.8% above fair value). 5 of the 9 models that produced a number sit above the price, 4 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between GLS Growth (18.76) and 10 Cap (190.31). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, CHMG is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 53, growth score 9, out of 100).
Nine valuation models for CHMG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 39.92 | -54% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 100.53 | +16% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 109.00 | +25% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 21.96 | -75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 18.76 | -78% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 190.31 | +119% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 129.41 | +49% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 20.31 | -77% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 88.30 | +2% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -446.37 | -614% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 93.00 | +7% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Chemung Financial Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability CHMG scores 6.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 5.8%, ROE 5.9%, ROA 0.6% - with debt at 0.02 times equity and a free-cash-flow yield of 8.0%.
The dividend yield is 1.59% at a payout ratio of 13%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from WMG Fee Income 51%, Interchange Revenue 18%, Overdraft Fees 11% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.8% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 5.9% |
| Debt / equity | 0.02 | ROA | 0.6% |
| Free-cash-flow yield | 8.0% | Payout ratio | 13% |
| Institutions | 6 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 19: No options
No options are listed on Chemung Financial Corporation in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 19, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 79k shares a day on a market cap of $419M, with a beta of 0.59 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 9% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $419M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 9% above fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 6.3/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.59, $419M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 25 Jan 2027, 81 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Chemung Financial Corporation by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FNLC The First Bancorp, Inc. | 37.15 | 34.38 | -8% | 35Weak | $419M |
| CZFS Citizens Financial Services, Inc. | 87.30 | 101.59 | +14% | 26No options | $420M |
| NECB Northeast Community Bancorp, Inc. | 29.87 | 81.27 | +63% | 52Fair | $411M |
| AVBC Avidia Bancorp, Inc. | 23.05 | 18.93 | -22% | 36Weak | $409M |
| FCBM First Carolina Financial Services | 13.50 | 26.41 | +49% | 31No options | $408M |
| FDBC Fidelity D & D Bancorp, Inc. | 70.07 | 66.19 | -6% | 23No options | $407M |
| PCB PCB Bancorp | 30.95 | 37.80 | +18% | 47Weak | $435M |
| CBAN Colony Bankcorp, Inc. | 20.59 | 28.04 | +27% | 42Weak | $437M |
| NWFL Norwood Financial Corp. | 36.59 | 49.63 | +26% | 33No options | $399M |
| PLBC Plumas Bancorp | 63.78 | 63.56 | -0% | 24No options | $444M |
| RBB RBB Bancorp | 26.24 | 33.05 | +21% | 50Fair | $444M |
| PKBK Parke Bancorp, Inc. | 33.44 | 48.92 | +32% | 51Fair | $393M |
⚖ Compare CHMG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CHMG
Is CHMG undervalued right now?
Not meaningfully: at 86.88 the stock trades within a few percent of the GLS average fair value of 79.83 (8.8% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of CHMG and what does it mean?
CHMG has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for CHMG?
79.83 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Chemung Financial Corporation report earnings next?
The next earnings report is due on 25 Jan 2027, 81 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CHMG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CHMG, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.