COMMERCE BANCSHARES INC (CBSH)
US2005251036 - Common Stock
We assign a fundamental rating of 3 out of 10 to CBSH. CBSH was compared to 411 industry peers in the Banks industry. There are concerns on the financial health of CBSH while its profitability can be described as average. CBSH is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CBSH had positive earnings in the past year.
In the past year CBSH had a positive cash flow from operations.
Each year in the past 5 years CBSH has been profitable.
CBSH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 1.49%, CBSH belongs to the best of the industry, outperforming 88.32% of the companies in the same industry.
CBSH has a Return On Equity of 16.06%. This is amongst the best in the industry. CBSH outperforms 91.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 16.06% | ||
| ROIC | N/A |
ROA(3y)1.48%
ROA(5y)1.41%
ROE(3y)17%
ROE(5y)14.8%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CBSH has a Profit Margin of 29.81%. This is in the better half of the industry: CBSH outperforms 74.70% of its industry peers.
In the last couple of years the Profit Margin of CBSH has remained more or less at the same level.
CBSH 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) | 29.81% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.81%
PM growth 5Y-1.23%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CBSH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CBSH has less shares outstanding
The number of shares outstanding for CBSH has been reduced compared to 5 years ago.
The debt/assets ratio for CBSH is higher compared to a year ago.
2.2 Solvency
CBSH has a debt to FCF ratio of 7.26. This is a slightly negative value and a sign of low solvency as CBSH would need 7.26 years to pay back of all of its debts.
The Debt to FCF ratio of CBSH (7.26) is worse than 74.70% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that CBSH is somewhat dependend on debt financing.
CBSH has a Debt to Equity ratio of 0.99. This is amonst the worse of the industry: CBSH underperforms 83.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 7.26 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.3%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CBSH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.31%.
CBSH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.88% yearly.
CBSH shows a small growth in Revenue. In the last year, the Revenue has grown by 5.09%.
Measured over the past years, CBSH shows a small growth in Revenue. The Revenue has been growing by 3.67% on average per year.
EPS 1Y (TTM)-2.31%
EPS 3Y13.65%
EPS 5Y3.88%
EPS growth Q2Q-6.73%
Revenue 1Y (TTM)5.09%
Revenue growth 3Y5.61%
Revenue growth 5Y3.67%
Revenue growth Q2Q0.15%
3.2 Future
The Earnings Per Share is expected to decrease by -4.25% on average over the next years.
The Revenue is expected to grow by 1.58% on average over the next years.
EPS Next Y-10.94%
EPS Next 2Y-4.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.81%
Revenue Next 2Y1.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 14.61, CBSH is valued correctly.
Based on the Price/Earnings ratio, CBSH is valued a bit more expensive than the industry average as 79.56% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 24.95. CBSH is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 16.40, the valuation of CBSH can be described as correct.
73.72% of the companies in the same industry are cheaper than CBSH, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.40. CBSH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.61 | ||
| Fwd PE | 16.4 |
4.2 Price Multiples
CBSH's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. CBSH is more expensive than 77.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.8 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CBSH's earnings are expected to decrease with -4.25% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.77
EPS Next 2Y-4.25%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CBSH has a Yearly Dividend Yield of 2.01%.
CBSH's Dividend Yield is slightly below the industry average, which is at 3.93.
CBSH's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
The dividend of CBSH has a limited annual growth rate of 4.96%.
CBSH has paid a dividend for at least 10 years, which is a reliable track record.
CBSH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.96%
Div Incr Years6
Div Non Decr Years10
5.3 Sustainability
CBSH pays out 28.49% of its income as dividend. This is a sustainable payout ratio.
DP28.49%
EPS Next 2Y-4.25%
EPS Next 3YN/A
COMMERCE BANCSHARES INC
NASDAQ:CBSH (4/22/2024, 7:00:01 PM)
After market: 54.92 0 (0%)54.92
+1.07 (+1.99%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.13B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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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 | 14.61 | ||
| Fwd PE | 16.4 | ||
| 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)N/A
PEG (5Y)3.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 16.06% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 29.81% | ||
| 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 | 0.99 | ||
| 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)
Growth
EPS 1Y (TTM)-2.31%
EPS 3Y13.65%
EPS 5Y
EPS growth Q2Q
EPS Next Y-10.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.09%
Revenue growth 3Y5.61%
Revenue growth 5Y
Revenue growth 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