CITY HOLDING CO (CHCO)
US1778351056 - Common Stock
Overall CHCO gets a fundamental rating of 3 out of 10. We evaluated CHCO against 412 industry peers in the Banks industry. CHCO has a medium profitability rating, but doesn't score so well on its financial health evaluation. CHCO does not seem to be growing, but still is valued expensively.
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
CHCO has a Return On Assets of 1.84%. This is amongst the best in the industry. CHCO outperforms 94.17% of its industry peers.
CHCO has a Return On Equity of 16.74%. This is amongst the best in the industry. CHCO outperforms 93.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 16.74% | ||
| 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
With an excellent Profit Margin value of 39.10%, CHCO belongs to the best of the industry, outperforming 93.69% of the companies in the same industry.
CHCO's Profit Margin has improved in the last couple of years.
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) | 39.1% | ||
| 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.
CHCO has more shares outstanding than it did 1 year ago.
CHCO has less shares outstanding than it did 5 years ago.
CHCO has a worse debt/assets ratio than last year.
2.2 Solvency
CHCO has a debt to FCF ratio of 2.30. This is a good value and a sign of high solvency as CHCO would need 2.30 years to pay back of all of its debts.
CHCO has a Debt to FCF ratio (2.30) which is comparable to the rest of the industry.
CHCO has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
CHCO has a worse Debt to Equity ratio (0.46) than 68.45% of its industry peers.
Although CHCO does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 2.3 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.85%
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 11.91%, which is quite good.
CHCO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.13% yearly.
CHCO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.98%.
Measured over the past years, CHCO shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)11.91%
EPS 3Y17.59%
EPS 5Y11.13%
EPS growth Q2Q-10.24%
Revenue 1Y (TTM)14.98%
Revenue growth 3Y6.9%
Revenue growth 5Y7.83%
Revenue growth Q2Q-2.36%
3.2 Future
The Earnings Per Share is expected to decrease by -0.60% on average over the next years.
The Revenue is expected to decrease by -0.10% on average over the next years.
EPS Next Y-0.36%
EPS Next 2Y-0.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.48%
Revenue Next 2Y-0.1%
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 13.73, CHCO is valued correctly.
Based on the Price/Earnings ratio, CHCO is valued a bit more expensive than 75.73% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.28, CHCO is valued rather cheaply.
The Price/Forward Earnings ratio is 13.78, which indicates a correct valuation of CHCO.
Based on the Price/Forward Earnings ratio, CHCO is valued a bit more expensive than the industry average as 69.90% of the companies are valued more cheaply.
CHCO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.73 | ||
| Fwd PE | 13.78 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CHCO is valued a bit more expensive than 63.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.53 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.23
EPS Next 2Y-0.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CHCO has a Yearly Dividend Yield of 2.72%.
CHCO's Dividend Yield is slightly below the industry average, which is at 3.78.
Compared to an average S&P500 Dividend Yield of 2.41, CHCO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
The dividend of CHCO is nicely growing with an annual growth rate of 7.98%!
CHCO has paid a dividend for at least 10 years, which is a reliable track record.
CHCO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.98%
Div Incr Years12
Div Non Decr Years19
5.3 Sustainability
35.29% of the earnings are spent on dividend by CHCO. This is a low number and sustainable payout ratio.
DP35.29%
EPS Next 2Y-0.6%
EPS Next 3YN/A
CITY HOLDING CO
NASDAQ:CHCO (5/3/2024, 7:00:00 PM)
After market: 104.47 0 (0%)104.47
-0.29 (-0.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
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 | 13.73 | ||
| Fwd PE | 13.78 | ||
| 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)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 16.74% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 39.1% | ||
| 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 | 0.46 | ||
| 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)11.91%
EPS 3Y17.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y-0.36%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.98%
Revenue growth 3Y6.9%
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