CIVISTA BANCSHARES INC (CIVB)
US1788671071 - Common Stock
CIVB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. While CIVB is still in line with the averages on profitability rating, there are concerns on its financial health. CIVB is valued correctly, but it does not seem to be growing. CIVB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CIVB had positive earnings in the past year.
CIVB had a positive operating cash flow in the past year.
In the past 5 years CIVB has always been profitable.
CIVB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CIVB has a Return On Assets of 1.07%. This is in the better half of the industry: CIVB outperforms 67.72% of its industry peers.
The Return On Equity of CIVB (11.12%) is better than 71.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 11.12% | ||
| ROIC | N/A |
ROA(3y)1.17%
ROA(5y)1.22%
ROE(3y)11.37%
ROE(5y)10.66%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CIVB has a Profit Margin of 25.44%. This is comparable to the rest of the industry: CIVB outperforms 58.74% of its industry peers.
In the last couple of years the Profit Margin of CIVB has grown nicely.
The Operating Margin and Gross Margin are not available for CIVB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.44% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.24%
PM growth 5Y10.17%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CIVB does not have a ROIC to compare to the WACC, probably because it is not profitable.
CIVB has about the same amout of shares outstanding than it did 1 year ago.
CIVB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CIVB has an improved debt to assets ratio.
2.2 Solvency
CIVB has a debt to FCF ratio of 1.92. This is a very positive value and a sign of high solvency as it would only need 1.92 years to pay back of all of its debts.
The Debt to FCF ratio of CIVB (1.92) is comparable to the rest of the industry.
CIVB has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
CIVB's Debt to Equity ratio of 0.31 is on the low side compared to the rest of the industry. CIVB is outperformed by 61.41% of its industry peers.
Even though the debt/equity ratio score it not favorable for CIVB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.92 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.68%
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 been growing slightly by 5.79% over the past year.
Measured over the past years, CIVB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.17% on average per year.
The Revenue has grown by 16.79% in the past year. This is quite good.
CIVB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.08% yearly.
EPS 1Y (TTM)5.79%
EPS 3Y11.06%
EPS 5Y8.17%
EPS growth Q2Q-19.48%
Revenue 1Y (TTM)16.79%
Revenue growth 3Y11.32%
Revenue growth 5Y14.08%
Revenue growth Q2Q-8.81%
3.2 Future
Based on estimates for the next years, CIVB will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.65% on average per year.
The Revenue is expected to decrease by -0.07% on average over the next years.
EPS Next Y-25.89%
EPS Next 2Y-12.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.69%
Revenue Next 2Y-0.07%
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
A Price/Earnings ratio of 5.21 indicates a rather cheap valuation of CIVB.
94.90% of the companies in the same industry are more expensive than CIVB, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.06. CIVB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.03, the valuation of CIVB can be described as very cheap.
Based on the Price/Forward Earnings ratio, CIVB is valued cheaper than 89.81% of the companies in the same industry.
CIVB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.21 | ||
| Fwd PE | 7.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIVB indicates a rather cheap valuation: CIVB is cheaper than 92.72% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.78 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CIVB's earnings are expected to decrease with -12.65% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.64
EPS Next 2Y-12.65%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.48%, CIVB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.84, CIVB pays a bit more dividend than its industry peers.
CIVB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
5.2 History
On average, the dividend of CIVB grows each year by 10.68%, which is quite nice.
CIVB has paid a dividend for at least 10 years, which is a reliable track record.
CIVB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.68%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
CIVB pays out 23.20% of its income as dividend. This is a sustainable payout ratio.
DP23.2%
EPS Next 2Y-12.65%
EPS Next 3YN/A
CIVISTA BANCSHARES INC
NASDAQ:CIVB (5/2/2024, 7:00:00 PM)
After market: 14.27 0 (0%)14.27
-0.01 (-0.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap223.90M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
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)
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EPS beat(4)
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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)
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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 | 5.21 | ||
| Fwd PE | 7.03 | ||
| 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)0.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 11.12% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 25.44% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| 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)5.79%
EPS 3Y11.06%
EPS 5Y
EPS growth Q2Q
EPS Next Y-25.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.79%
Revenue growth 3Y11.32%
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