CIVISTA BANCSHARES INC (CIVB) Stock Fundamental Analysis
USA - NASDAQ:CIVB - US1788671071 - Common Stock
20.14 USD
-0.04 (-0.2%)
20.14 USD
0 (0%)
CIVB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. CIVB may be in some trouble as it scores bad on both profitability and health. CIVB may be a bit undervalued, certainly considering the very reasonable score on growth CIVB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CIVB was profitable.
In the past year CIVB had a positive cash flow from operations.
Each year in the past 5 years CIVB has been profitable.
In the past 5 years CIVB always reported a positive cash flow from operatings.
1.2 Ratios
CIVB's Return On Assets of 0.93% is in line compared to the rest of the industry. CIVB outperforms 55.61% of its industry peers.
Looking at the Return On Equity, with a value of 9.64%, CIVB is in the better half of the industry, outperforming 63.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 9.64% | ||
| ROIC | N/A |
ROA(3y)0.98%
ROA(5y)1.09%
ROE(3y)10.24%
ROE(5y)10.25%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CIVB has a Profit Margin (24.15%) which is in line with its industry peers.
CIVB's Profit Margin has declined in the last couple of years.
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) | 24.15% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.24%
PM growth 5Y-8.2%
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.
Compared to 1 year ago, CIVB has less shares outstanding
CIVB has less shares outstanding than it did 5 years ago.
CIVB has a better debt/assets ratio than last year.
2.2 Solvency
CIVB has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as CIVB would need 2.40 years to pay back of all of its debts.
CIVB's Debt to FCF ratio of 2.40 is in line compared to the rest of the industry. CIVB outperforms 45.41% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that CIVB is not too dependend on debt financing.
CIVB has a worse Debt to Equity ratio (0.27) than 66.33% 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 | 0.27 | ||
| Debt/FCF | 2.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.46%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CIVB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.22%, which is quite good.
The Earnings Per Share has been growing slightly by 0.10% on average over the past years.
Looking at the last year, CIVB shows a very negative growth in Revenue. The Revenue has decreased by -15.34% in the last year.
CIVB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.52% yearly.
EPS 1Y (TTM)18.22%
EPS 3Y-9.77%
EPS 5Y0.1%
EPS Q2Q%57.78%
Revenue 1Y (TTM)-15.34%
Revenue growth 3Y6.77%
Revenue growth 5Y7.52%
Sales Q2Q%4.27%
3.2 Future
The Earnings Per Share is expected to grow by 14.01% on average over the next years. This is quite good.
CIVB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.66% yearly.
EPS Next Y24.55%
EPS Next 2Y14.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.43%
Revenue Next 2Y11.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 7.96, which indicates a rather cheap valuation of CIVB.
Based on the Price/Earnings ratio, CIVB is valued cheaply inside the industry as 93.37% of the companies are valued more expensively.
CIVB is valuated cheaply when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.67, the valuation of CIVB can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIVB indicates a rather cheap valuation: CIVB is cheaper than 86.22% of the companies listed 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 23.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.96 | ||
| Fwd PE | 7.67 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIVB indicates a somewhat cheap valuation: CIVB is cheaper than 77.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.52 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CIVB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CIVB's earnings are expected to grow with 14.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)80.16
EPS Next 2Y14.01%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.30%, CIVB has a reasonable but not impressive dividend return.
CIVB's Dividend Yield is a higher than the industry average which is at 3.52.
Compared to an average S&P500 Dividend Yield of 2.41, CIVB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.3% |
5.2 History
On average, the dividend of CIVB grows each year by 7.71%, 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)7.71%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
26.46% of the earnings are spent on dividend by CIVB. This is a low number and sustainable payout ratio.
The dividend of CIVB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.46%
EPS Next 2Y14.01%
EPS Next 3YN/A
20.14
-0.04 (-0.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners47.45%
Inst Owner Change4.43%
Ins Owners1.31%
Ins Owner Change6.3%
Market Cap388.90M
Analysts78.33
Price Target25.5 (26.61%)
Short Float %0.79%
Short Ratio1.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.3% |
Yearly Dividend0.65
Dividend Growth(5Y)7.71%
DP26.46%
Div Incr Years13
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.83%
Min EPS beat(2)0.01%
Max EPS beat(2)25.64%
EPS beat(4)4
Avg EPS beat(4)15.06%
Min EPS beat(4)0.01%
Max EPS beat(4)25.64%
EPS beat(8)7
Avg EPS beat(8)9.17%
EPS beat(12)9
Avg EPS beat(12)7.18%
EPS beat(16)12
Avg EPS beat(16)6.13%
Revenue beat(2)0
Avg Revenue beat(2)-6.92%
Min Revenue beat(2)-8.43%
Max Revenue beat(2)-5.4%
Revenue beat(4)1
Avg Revenue beat(4)-4.76%
Min Revenue beat(4)-8.43%
Max Revenue beat(4)0.92%
Revenue beat(8)2
Avg Revenue beat(8)-4.55%
Revenue beat(12)4
Avg Revenue beat(12)-2.92%
Revenue beat(16)4
Avg Revenue beat(16)-3.41%
PT rev (1m)0%
PT rev (3m)-2.6%
EPS NQ rev (1m)-5.36%
EPS NQ rev (3m)-18.69%
EPS NY rev (1m)-3.46%
EPS NY rev (3m)-12.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.96 | ||
| Fwd PE | 7.67 | ||
| P/S | 2.41 | ||
| P/FCF | 8.52 | ||
| P/OCF | 7.74 | ||
| P/B | 0.96 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.53
EY12.56%
EPS(NY)2.63
Fwd EY13.04%
FCF(TTM)2.36
FCFY11.74%
OCF(TTM)2.6
OCFY12.91%
SpS8.35
BVpS20.93
TBVpS14.06
PEG (NY)0.32
PEG (5Y)80.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 9.64% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.15% | ||
| GM | N/A | ||
| FCFM | 28.3% |
ROA(3y)0.98%
ROA(5y)1.09%
ROE(3y)10.24%
ROE(5y)10.25%
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-14.24%
PM growth 5Y-8.2%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 117.18% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC14.46%
ROIC/WACCN/A
Cap/Depr(3y)59.59%
Cap/Depr(5y)61.67%
Cap/Sales(3y)3.16%
Cap/Sales(5y)2.54%
Profit Quality(3y)111.1%
Profit Quality(5y)105%
High Growth Momentum
Growth
EPS 1Y (TTM)18.22%
EPS 3Y-9.77%
EPS 5Y0.1%
EPS Q2Q%57.78%
EPS Next Y24.55%
EPS Next 2Y14.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.34%
Revenue growth 3Y6.77%
Revenue growth 5Y7.52%
Sales Q2Q%4.27%
Revenue Next Year10.43%
Revenue Next 2Y11.66%
Revenue Next 3YN/A
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 1Y298.01%
FCF growth 3Y4.3%
FCF growth 5Y4.36%
OCF growth 1Y201.25%
OCF growth 3Y5.78%
OCF growth 5Y4.45%