CITY HOLDING CO (CHCO)
US1778351056 - Common Stock
Taking everything into account, CHCO scores 3 out of 10 in our fundamental rating. CHCO was compared to 411 industry peers in the Banks industry. While CHCO is still in line with the averages on profitability rating, there are concerns on its financial health. CHCO has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
CHCO had positive earnings in the past year.
In the past year CHCO had a positive cash flow from operations.
CHCO had positive earnings in each of the past 5 years.
In the past 5 years CHCO always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.88%, CHCO belongs to the top of the industry, outperforming 95.13% of the companies in the same industry.
CHCO has a Return On Equity of 17.37%. This is amongst the best in the industry. CHCO outperforms 95.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 17.37% | ||
| ROIC | N/A |
ROA(3y)1.67%
ROA(5y)1.66%
ROE(3y)15.68%
ROE(5y)14.63%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CHCO's Profit Margin of 40.84% is amongst the best of the industry. CHCO outperforms 96.35% of its industry peers.
In the last couple of years the Profit Margin of CHCO has grown nicely.
CHCO does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 40.84% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.51%
PM growth 5Y2.32%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CHCO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CHCO has more shares outstanding
The number of shares outstanding for CHCO has been reduced compared to 5 years ago.
Compared to 1 year ago, CHCO has a worse debt to assets ratio.
2.2 Solvency
CHCO has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as CHCO would need 2.40 years to pay back of all of its debts.
CHCO has a Debt to FCF ratio (2.40) which is comparable to the rest of the industry.
CHCO has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
CHCO has a Debt to Equity ratio of 0.45. This is in the lower half of the industry: CHCO underperforms 69.10% of its industry peers.
Even though the debt/equity ratio score it not favorable for CHCO, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.51%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CHCO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.25%, which is quite good.
The Earnings Per Share has been growing by 11.13% on average over the past years. This is quite good.
CHCO shows a small growth in Revenue. In the last year, the Revenue has grown by 7.89%.
CHCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
EPS 1Y (TTM)13.25%
EPS 3Y17.59%
EPS 5Y11.13%
EPS Q2Q%20.86%
Revenue 1Y (TTM)7.89%
Revenue growth 3Y6.9%
Revenue growth 5Y7.83%
Sales Q2Q%4.55%
3.2 Future
The Earnings Per Share is expected to decrease by -0.37% on average over the next years.
Based on estimates for the next years, CHCO will show a decrease in Revenue. The Revenue will decrease by -0.08% on average per year.
EPS Next Y2.98%
EPS Next 2Y-0.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.29%
Revenue Next 2Y-0.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.86, CHCO is valued correctly.
Based on the Price/Earnings ratio, CHCO is valued a bit more expensive than the industry average as 70.32% of the companies are valued more cheaply.
CHCO is valuated cheaply when we compare the Price/Earnings ratio to 28.05, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.53, which indicates a correct valuation of CHCO.
72.51% of the companies in the same industry are cheaper than CHCO, based on the Price/Forward Earnings ratio.
CHCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.07.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.86 | ||
| Fwd PE | 13.53 |
4.2 Price Multiples
CHCO's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. CHCO is more expensive than 63.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.89 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CHCO does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.31
PEG (5Y)1.16
EPS Next 2Y-0.37%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.82%, CHCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.76, CHCO is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.37, CHCO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
5.2 History
The dividend of CHCO is nicely growing with an annual growth rate of 7.98%!
CHCO has been paying a dividend for at least 10 years, so it has a reliable track record.
CHCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.98%
Div Incr Years12
Div Non Decr Years19
5.3 Sustainability
CHCO pays out 34.60% of its income as dividend. This is a sustainable payout ratio.
DP34.6%
EPS Next 2Y-0.37%
EPS Next 3YN/A
CITY HOLDING CO
NASDAQ:CHCO (5/31/2024, 7:00:00 PM)
After market: 102.22 0 (0%)102.22
+0.54 (+0.53%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.51B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.86 | ||
| Fwd PE | 13.53 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.31
PEG (5Y)1.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 17.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 40.84% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)13.25%
EPS 3Y17.59%
EPS 5Y
EPS Q2Q%
EPS Next Y2.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.89%
Revenue growth 3Y6.9%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y