COMMERCE BANCSHARES INC (CBSH) Stock Fundamental Analysis
NASDAQ:CBSH - Nasdaq - US2005251036 - Common Stock - Currency: USD
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. CBSH has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, CBSH is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CBSH was profitable.
CBSH had a positive operating cash flow in the past year.
CBSH had positive earnings in each of the past 5 years.
CBSH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CBSH (1.67%) is better than 93.67% of its industry peers.
The Return On Equity of CBSH (15.53%) is better than 93.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 15.53% | ||
| 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
With an excellent Profit Margin value of 32.03%, CBSH belongs to the best of the industry, outperforming 85.82% 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.
The Operating Margin and Gross Margin are not available for CBSH so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 32.03% | ||
| 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.
CBSH has less shares outstanding than it did 1 year ago.
CBSH has less shares outstanding than it did 5 years ago.
CBSH has a better debt/assets ratio than last year.
2.2 Solvency
CBSH has a debt to FCF ratio of 4.53. This is a neutral value as CBSH would need 4.53 years to pay back of all of its debts.
The Debt to FCF ratio of CBSH (4.53) is worse than 68.86% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that CBSH is somewhat dependend on debt financing.
CBSH's Debt to Equity ratio of 0.70 is on the low side compared to the rest of the industry. CBSH is outperformed by 82.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.2%
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 13.83% over the past year.
The Earnings Per Share has been growing slightly by 7.07% on average over the past years.
Looking at the last year, CBSH shows a small growth in Revenue. The Revenue has grown by 5.75% in the last year.
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)13.83%
EPS 3Y1.26%
EPS 5Y7.07%
EPS Q2Q%19.65%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y5.27%
Revenue growth 5Y4.27%
Sales Q2Q%7.59%
3.2 Future
The Earnings Per Share is expected to grow by 7.46% on average over the next years.
The Revenue is expected to grow by 5.74% on average over the next years.
EPS Next Y8.09%
EPS Next 2Y5.49%
EPS Next 3Y7.46%
EPS Next 5YN/A
Revenue Next Year4.55%
Revenue Next 2Y6.81%
Revenue Next 3Y5.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.02, CBSH is valued correctly.
69.37% of the companies in the same industry are cheaper than CBSH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, CBSH is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.00 indicates a correct valuation of CBSH.
Based on the Price/Forward Earnings ratio, CBSH is valued a bit more expensive than the industry average as 73.16% of the companies are valued more cheaply.
CBSH's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.02 | ||
| Fwd PE | 15 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CBSH is valued a bit more expensive than 62.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.15 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CBSH does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.98
PEG (5Y)2.27
EPS Next 2Y5.49%
EPS Next 3Y7.46%
5. Dividend
5.1 Amount
CBSH has a Yearly Dividend Yield of 1.77%.
CBSH's Dividend Yield is slightly below the industry average, which is at 3.47.
Compared to the average S&P500 Dividend Yield of 2.42, CBSH is paying slightly less dividend.
| 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 been paying a dividend for at least 10 years, so it has 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
27.37% of the earnings are spent on dividend by CBSH. This is a low number and sustainable payout ratio.
CBSH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP27.37%
EPS Next 2Y5.49%
EPS Next 3Y7.46%
64.56
+0.58 (+0.91%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners72.04%
Inst Owner Change0.43%
Ins Owners1.61%
Ins Owner Change0.25%
Market Cap8.61B
Analysts51.67
Price Target66.64 (3.22%)
Short Float %2.21%
Short Ratio4.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Yearly Dividend1.07
Dividend Growth(5Y)2.95%
DP27.37%
Div Incr Years24
Div Non Decr Years24
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.44%
Min EPS beat(2)2.85%
Max EPS beat(2)6.03%
EPS beat(4)4
Avg EPS beat(4)7.4%
Min EPS beat(4)2.85%
Max EPS beat(4)15.95%
EPS beat(8)8
Avg EPS beat(8)6.74%
EPS beat(12)9
Avg EPS beat(12)4.13%
EPS beat(16)12
Avg EPS beat(16)5.86%
Revenue beat(2)1
Avg Revenue beat(2)-0.15%
Min Revenue beat(2)-0.62%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-0.5%
Min Revenue beat(4)-1.58%
Max Revenue beat(4)0.31%
Revenue beat(8)2
Avg Revenue beat(8)-0.57%
Revenue beat(12)3
Avg Revenue beat(12)-0.55%
Revenue beat(16)5
Avg Revenue beat(16)-0.55%
PT rev (1m)1.03%
PT rev (3m)-6.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.73%
EPS NY rev (1m)0.21%
EPS NY rev (3m)3.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.4%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.02 | ||
| Fwd PE | 15 | ||
| P/S | 5.11 | ||
| P/FCF | 16.15 | ||
| P/OCF | 14.83 | ||
| P/B | 2.48 | ||
| P/tB | 2.6 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.03
EY6.24%
EPS(NY)4.3
Fwd EY6.67%
FCF(TTM)4
FCFY6.19%
OCF(TTM)4.35
OCFY6.74%
SpS12.64
BVpS26.06
TBVpS24.87
PEG (NY)1.98
PEG (5Y)2.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 15.53% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 32.03% | ||
| GM | N/A | ||
| FCFM | 31.62% |
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 | 0.7 | ||
| Debt/FCF | 4.53 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 87.52% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 98.73% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC10.2%
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)13.83%
EPS 3Y1.26%
EPS 5Y7.07%
EPS Q2Q%19.65%
EPS Next Y8.09%
EPS Next 2Y5.49%
EPS Next 3Y7.46%
EPS Next 5YN/A
Revenue 1Y (TTM)5.75%
Revenue growth 3Y5.27%
Revenue growth 5Y4.27%
Sales Q2Q%7.59%
Revenue Next Year4.55%
Revenue Next 2Y6.81%
Revenue Next 3Y5.74%
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 1Y10.77%
FCF growth 3Y-0.57%
FCF growth 5Y2.49%
OCF growth 1Y5.44%
OCF growth 3Y-1.12%
OCF growth 5Y2.42%