COMMERCE BANCSHARES INC (CBSH) Stock Fundamental Analysis
NASDAQ:CBSH - US2005251036 - Common Stock
61.94 USD
-0.05 (-0.08%)
61.94 USD
0 (0%)
Taking everything into account, CBSH scores 4 out of 10 in our fundamental rating. CBSH was compared to 395 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CBSH was profitable.
In the past year CBSH had a positive cash flow from operations.
CBSH had positive earnings in each of the past 5 years.
In the past 5 years CBSH always reported a positive cash flow from operatings.
1.2 Ratios
CBSH has a Return On Assets of 1.71%. This is amongst the best in the industry. CBSH outperforms 93.16% of its industry peers.
The Return On Equity of CBSH (15.19%) is better than 92.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 15.19% | ||
| ROIC | N/A |
ROA(3y)1.55%
ROA(5y)1.42%
ROE(3y)17.15%
ROE(5y)15.34%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 32.24%, CBSH belongs to the top of the industry, outperforming 86.58% of the companies in the same industry.
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) | 32.24% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.28%
PM growth 5Y0.71%
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.
The number of shares outstanding for CBSH has been reduced compared to 1 year ago.
The number of shares outstanding for CBSH has been reduced compared to 5 years ago.
The debt/assets ratio for CBSH has been reduced compared to a year ago.
2.2 Solvency
CBSH has a debt to FCF ratio of 5.28. This is a neutral value as CBSH would need 5.28 years to pay back of all of its debts.
The Debt to FCF ratio of CBSH (5.28) is worse than 69.11% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that CBSH is somewhat dependend on debt financing.
CBSH has a Debt to Equity ratio of 0.72. This is amonst the worse of the industry: CBSH underperforms 81.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 5.28 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.74%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.22% over the past year.
CBSH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.07% yearly.
CBSH shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
Measured over the past years, CBSH shows a small growth in Revenue. The Revenue has been growing by 4.27% on average per year.
EPS 1Y (TTM)14.22%
EPS 3Y1.26%
EPS 5Y7.07%
EPS Q2Q%11.87%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y5.27%
Revenue growth 5Y4.27%
Sales Q2Q%7.54%
3.2 Future
The Earnings Per Share is expected to grow by 10.57% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.75% on average over the next years. This is quite good.
EPS Next Y13.68%
EPS Next 2Y8.48%
EPS Next 3Y10.57%
EPS Next 5YN/A
Revenue Next Year6.62%
Revenue Next 2Y8.89%
Revenue Next 3Y8.75%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CBSH is valuated correctly with a Price/Earnings ratio of 14.93.
Compared to the rest of the industry, the Price/Earnings ratio of CBSH indicates a slightly more expensive valuation: CBSH is more expensive than 65.06% of the companies listed in the same industry.
CBSH is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.61, the valuation of CBSH can be described as correct.
CBSH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CBSH is more expensive than 70.63% of the companies in the same industry.
CBSH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.93 | ||
| Fwd PE | 13.61 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CBSH is valued a bit more expensive than 61.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.7 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CBSH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)2.11
EPS Next 2Y8.48%
EPS Next 3Y10.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.77%, CBSH has a reasonable but not impressive dividend return.
CBSH's Dividend Yield is slightly below the industry average, which is at 3.17.
CBSH's Dividend Yield is slightly below the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
5.2 History
The dividend of CBSH has a limited annual growth rate of 2.95%.
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)2.95%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
CBSH pays out 27.49% of its income as dividend. This is a sustainable payout ratio.
CBSH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP27.49%
EPS Next 2Y8.48%
EPS Next 3Y10.57%
61.94
-0.05 (-0.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners71.95%
Inst Owner Change-0.11%
Ins Owners1.62%
Ins Owner Change0.07%
Market Cap8.27B
Analysts51.67
Price Target70.55 (13.9%)
Short Float %3.42%
Short Ratio5.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Yearly Dividend1.07
Dividend Growth(5Y)2.95%
DP27.49%
Div Incr Years24
Div Non Decr Years24
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.38%
Min EPS beat(2)2.85%
Max EPS beat(2)7.91%
EPS beat(4)4
Avg EPS beat(4)5.39%
Min EPS beat(4)2.85%
Max EPS beat(4)7.91%
EPS beat(8)8
Avg EPS beat(8)6.94%
EPS beat(12)10
Avg EPS beat(12)4.89%
EPS beat(16)12
Avg EPS beat(16)4.28%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.31%
Max Revenue beat(2)0.6%
Revenue beat(4)2
Avg Revenue beat(4)-0.32%
Min Revenue beat(4)-1.58%
Max Revenue beat(4)0.6%
Revenue beat(8)3
Avg Revenue beat(8)-0.44%
Revenue beat(12)3
Avg Revenue beat(12)-0.6%
Revenue beat(16)5
Avg Revenue beat(16)-0.62%
PT rev (1m)2.6%
PT rev (3m)6.96%
EPS NQ rev (1m)0.79%
EPS NQ rev (3m)10.33%
EPS NY rev (1m)5.21%
EPS NY rev (3m)5.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.09%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)2.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.93 | ||
| Fwd PE | 13.61 | ||
| P/S | 4.82 | ||
| P/FCF | 16.7 | ||
| P/OCF | 15.17 | ||
| P/B | 2.27 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.15
EY6.7%
EPS(NY)4.55
Fwd EY7.35%
FCF(TTM)3.71
FCFY5.99%
OCF(TTM)4.08
OCFY6.59%
SpS12.85
BVpS27.28
TBVpS26.08
PEG (NY)1.09
PEG (5Y)2.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 15.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 32.24% | ||
| GM | N/A | ||
| FCFM | 28.86% |
ROA(3y)1.55%
ROA(5y)1.42%
ROE(3y)17.15%
ROE(5y)15.34%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.28%
PM growth 5Y0.71%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 5.28 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 90.76% | ||
| Cap/Sales | 2.91% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 89.51% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC9.74%
ROIC/WACCN/A
Cap/Depr(3y)134.07%
Cap/Depr(5y)120.81%
Cap/Sales(3y)4.22%
Cap/Sales(5y)3.82%
Profit Quality(3y)96.28%
Profit Quality(5y)113.22%
High Growth Momentum
Growth
EPS 1Y (TTM)14.22%
EPS 3Y1.26%
EPS 5Y7.07%
EPS Q2Q%11.87%
EPS Next Y13.68%
EPS Next 2Y8.48%
EPS Next 3Y10.57%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y5.27%
Revenue growth 5Y4.27%
Sales Q2Q%7.54%
Revenue Next Year6.62%
Revenue Next 2Y8.89%
Revenue Next 3Y8.75%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y21.9%
FCF growth 3Y-0.57%
FCF growth 5Y2.49%
OCF growth 1Y10.27%
OCF growth 3Y-1.12%
OCF growth 5Y2.42%