COMMERCE BANCSHARES INC (CBSH)
US2005251036 - Common Stock
CBSH gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 406 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
CBSH had positive earnings in the past year.
In the past year CBSH had a positive cash flow from operations.
Each year in the past 5 years CBSH has been profitable.
Each year in the past 5 years CBSH had a positive operating cash flow.
1.2 Ratios
CBSH has a better Return On Assets (1.57%) than 92.82% of its industry peers.
CBSH has a Return On Equity of 14.42%. This is amongst the best in the industry. CBSH outperforms 90.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 14.42% | ||
| ROIC | N/A |
ROA(3y)1.48%
ROA(5y)1.41%
ROE(3y)17%
ROE(5y)14.8%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 30.14%, CBSH belongs to the best of the industry, outperforming 85.15% of the companies in the same industry.
CBSH's Profit Margin has been stable in the last couple of years.
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) | 30.14% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.81%
PM growth 5Y-1.23%
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 more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CBSH has more shares outstanding
Compared to 1 year ago, CBSH has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CBSH is 2.78, which is a good value as it means it would take CBSH, 2.78 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 2.78, CBSH perfoms like the industry average, outperforming 51.24% of the companies in the same industry.
CBSH has a Debt/Equity ratio of 0.64. This is a neutral value indicating CBSH is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.64, CBSH is doing worse than 81.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 2.78 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.2%
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 been growing slightly by 3.64% over the past year.
The Earnings Per Share has been growing slightly by 3.88% on average over the past years.
CBSH shows a small growth in Revenue. In the last year, the Revenue has grown by 3.54%.
The Revenue has been growing slightly by 3.67% on average over the past years.
EPS 1Y (TTM)3.64%
EPS 3Y13.65%
EPS 5Y3.88%
EPS Q2Q%17.03%
Revenue 1Y (TTM)3.54%
Revenue growth 3Y5.61%
Revenue growth 5Y3.67%
Sales Q2Q%7.63%
3.2 Future
The Earnings Per Share is expected to grow by 4.14% on average over the next years.
CBSH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.53% yearly.
EPS Next Y8.15%
EPS Next 2Y2.18%
EPS Next 3Y4.14%
EPS Next 5YN/A
Revenue Next Year5.49%
Revenue Next 2Y3.25%
Revenue Next 3Y3.53%
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 stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.88, which indicates a correct valuation of CBSH.
Compared to the rest of the industry, the Price/Earnings ratio of CBSH indicates a slightly more expensive valuation: CBSH is more expensive than 68.07% of the companies listed in the same industry.
CBSH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
The Price/Forward Earnings ratio is 16.05, which 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 72.03% 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 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.88 | ||
| Fwd PE | 16.05 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBSH indicates a somewhat cheap valuation: CBSH is cheaper than 64.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.77 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)1.95
PEG (5Y)4.09
EPS Next 2Y2.18%
EPS Next 3Y4.14%
5. Dividend
5.1 Amount
CBSH has a Yearly Dividend Yield of 1.64%.
CBSH's Dividend Yield is slightly below the industry average, which is at 3.02.
Compared to the average S&P500 Dividend Yield of 2.24, CBSH is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
The dividend of CBSH has a limited annual growth rate of 4.45%.
CBSH has paid a dividend for at least 10 years, which is a reliable track record.
CBSH has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.45%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
29.11% of the earnings are spent on dividend by CBSH. This is a low number and sustainable payout ratio.
CBSH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.11%
EPS Next 2Y2.18%
EPS Next 3Y4.14%
COMMERCE BANCSHARES INC
NASDAQ:CBSH (12/20/2024, 8:00:02 PM)
After market: 63.03 0 (0%)63.03
+0.14 (+0.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners71.94%
Inst Owner Change-1.07%
Ins Owners1.68%
Ins Owner Change-2.09%
Market Cap8.49B
Analysts51.67
Price TargetN/A
Short Float %N/A
Short Ratio3.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
Dividend Growth(5Y)4.45%
DP29.11%
Div Incr Years24
Div Non Decr Years24
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.35%
Min EPS beat(2)4.75%
Max EPS beat(2)15.95%
EPS beat(4)4
Avg EPS beat(4)9.41%
Min EPS beat(4)4.49%
Max EPS beat(4)15.95%
EPS beat(8)7
Avg EPS beat(8)5.64%
EPS beat(12)8
Avg EPS beat(12)3.95%
EPS beat(16)12
Avg EPS beat(16)7.19%
Revenue beat(2)0
Avg Revenue beat(2)-0.85%
Min Revenue beat(2)-1.58%
Max Revenue beat(2)-0.12%
Revenue beat(4)1
Avg Revenue beat(4)-0.44%
Min Revenue beat(4)-1.58%
Max Revenue beat(4)0.14%
Revenue beat(8)1
Avg Revenue beat(8)-0.85%
Revenue beat(12)2
Avg Revenue beat(12)-1.04%
Revenue beat(16)5
Avg Revenue beat(16)-0.5%
PT rev (1m)7.14%
PT rev (3m)7.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)17.87%
EPS NY rev (1m)0%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.88 | ||
| Fwd PE | 16.05 | ||
| P/S | 5.17 | ||
| P/FCF | 10.77 | ||
| P/OCF | 10.16 | ||
| P/B | 2.47 | ||
| P/tB | 2.59 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.97
EY6.3%
EPS(NY)3.93
Fwd EY6.23%
FCF(TTM)5.85
FCFY9.29%
OCF(TTM)6.21
OCFY9.85%
SpS12.19
BVpS25.49
TBVpS24.3
PEG (NY)1.95
PEG (5Y)4.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 14.42% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 30.14% | ||
| GM | N/A | ||
| FCFM | 48.01% |
ROA(3y)1.48%
ROA(5y)1.41%
ROE(3y)17%
ROE(5y)14.8%
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 3Y5.81%
PM growth 5Y-1.23%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 2.78 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 89.24% | ||
| Cap/Sales | 2.9% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 159.25% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC9.2%
ROIC/WACCN/A
Cap/Depr(3y)147.73%
Cap/Depr(5y)124.48%
Cap/Sales(3y)4.62%
Cap/Sales(5y)3.89%
Profit Quality(3y)96.58%
Profit Quality(5y)115.86%
High Growth Momentum
Growth
EPS 1Y (TTM)3.64%
EPS 3Y13.65%
EPS 5Y3.88%
EPS Q2Q%17.03%
EPS Next Y8.15%
EPS Next 2Y2.18%
EPS Next 3Y4.14%
EPS Next 5YN/A
Revenue 1Y (TTM)3.54%
Revenue growth 3Y5.61%
Revenue growth 5Y3.67%
Sales Q2Q%7.63%
Revenue Next Year5.49%
Revenue Next 2Y3.25%
Revenue Next 3Y3.53%
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 1Y52.86%
FCF growth 3Y-12.14%
FCF growth 5Y-5.06%
OCF growth 1Y43.72%
OCF growth 3Y-7.82%
OCF growth 5Y-2.43%