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CITY HOLDING CO (CHCO) Stock Fundamental Analysis

NASDAQ:CHCO - Nasdaq - US1778351056 - Common Stock

118.82  -1.22 (-1.02%)

Fundamental Rating

4

CHCO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 405 industry peers in the Banks industry. While CHCO is still in line with the averages on profitability rating, there are concerns on its financial health. CHCO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year CHCO was profitable.
CHCO had a positive operating cash flow in the past year.
Each year in the past 5 years CHCO has been profitable.
In the past 5 years CHCO always reported a positive cash flow from operatings.
CHCO Yearly Net Income VS EBIT VS OCF VS FCFCHCO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of 2.24%, CHCO belongs to the top of the industry, outperforming 96.98% of the companies in the same industry.
Looking at the Return On Equity, with a value of 19.44%, CHCO belongs to the top of the industry, outperforming 97.24% of the companies in the same industry.
Industry RankSector Rank
ROA 2.24%
ROE 19.44%
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
CHCO Yearly ROA, ROE, ROICCHCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

The Profit Margin of CHCO (39.69%) is better than 96.48% of its industry peers.
In the last couple of years the Profit Margin of CHCO has grown nicely.
CHCO does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 39.69%
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
CHCO Yearly Profit, Operating, Gross MarginsCHCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

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2

2. Health

2.1 Basic Checks

CHCO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CHCO has more shares outstanding
CHCO has less shares outstanding than it did 5 years ago.
CHCO has a worse debt/assets ratio than last year.
CHCO Yearly Shares OutstandingCHCO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
CHCO Yearly Total Debt VS Total AssetsCHCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

CHCO has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as CHCO would need 2.62 years to pay back of all of its debts.
CHCO has a Debt to FCF ratio of 2.62. This is comparable to the rest of the industry: CHCO outperforms 50.50% of its industry peers.
CHCO has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
CHCO's Debt to Equity ratio of 0.46 is on the low side compared to the rest of the industry. CHCO is outperformed by 74.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.62
Altman-Z N/A
ROIC/WACCN/A
WACC9.52%
CHCO Yearly LT Debt VS Equity VS FCFCHCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CHCO Yearly Current Assets VS Current LiabilitesCHCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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4

3. Growth

3.1 Past

The earnings per share for CHCO have decreased by -0.38% in the last year.
CHCO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.13% yearly.
The Revenue has grown by 24.56% in the past year. This is a very strong growth!
CHCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
EPS 1Y (TTM)-0.38%
EPS 3Y17.59%
EPS 5Y11.13%
EPS Q2Q%2.02%
Revenue 1Y (TTM)24.56%
Revenue growth 3Y6.9%
Revenue growth 5Y7.83%
Sales Q2Q%4.3%

3.2 Future

CHCO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.74% yearly.
The Revenue is expected to grow by 1.29% on average over the next years.
EPS Next Y5.44%
EPS Next 2Y0.65%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year1.12%
Revenue Next 2Y0.75%
Revenue Next 3Y1.29%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CHCO Yearly Revenue VS EstimatesCHCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
CHCO Yearly EPS VS EstimatesCHCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

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2

4. Valuation

4.1 Price/Earnings Ratio

CHCO is valuated correctly with a Price/Earnings ratio of 15.25.
CHCO's Price/Earnings ratio is a bit more expensive when compared to the industry. CHCO is more expensive than 64.57% of the companies in the same industry.
CHCO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
The Price/Forward Earnings ratio is 15.41, which indicates a correct valuation of CHCO.
69.60% of the companies in the same industry are cheaper than CHCO, based on the Price/Forward Earnings ratio.
CHCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.44.
Industry RankSector Rank
PE 15.25
Fwd PE 15.41
CHCO Price Earnings VS Forward Price EarningsCHCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as CHCO.
Industry RankSector Rank
P/FCF 13.5
EV/EBITDA N/A
CHCO Per share dataCHCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CHCO does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.8
PEG (5Y)1.37
EPS Next 2Y0.65%
EPS Next 3Y1.74%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.66%, CHCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.22, CHCO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, CHCO has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.66%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.98%
Div Incr Years13
Div Non Decr Years22
CHCO Yearly Dividends per shareCHCO Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

29.46% of the earnings are spent on dividend by CHCO. This is a low number and sustainable payout ratio.
The dividend of CHCO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP29.46%
EPS Next 2Y0.65%
EPS Next 3Y1.74%
CHCO Yearly Income VS Free CF VS DividendCHCO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
CHCO Dividend Payout.CHCO Dividend Payout, showing the Payout Ratio.CHCO Dividend Payout.PayoutRetained Earnings

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CITY HOLDING CO

NASDAQ:CHCO (1/22/2025, 11:47:03 AM)

118.82

-1.22 (-1.02%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-24 2024-10-24/bmo
Earnings (Next)01-28 2025-01-28/amc
Inst Owners70.77%
Inst Owner Change-0.11%
Ins Owners2.22%
Ins Owner Change-3.1%
Market Cap1.75B
Analysts50.91
Price Target129.88 (9.31%)
Short Float %6.73%
Short Ratio15.38
Dividend
Industry RankSector Rank
Dividend Yield 2.66%
Yearly Dividend2.7
Dividend Growth(5Y)7.98%
DP29.46%
Div Incr Years13
Div Non Decr Years22
Ex-Date01-15 2025-01-15 (0.79)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.82%
Min EPS beat(2)0.5%
Max EPS beat(2)3.15%
EPS beat(4)3
Avg EPS beat(4)0.65%
Min EPS beat(4)-4.97%
Max EPS beat(4)3.93%
EPS beat(8)6
Avg EPS beat(8)1.5%
EPS beat(12)10
Avg EPS beat(12)4.8%
EPS beat(16)14
Avg EPS beat(16)8.12%
Revenue beat(2)1
Avg Revenue beat(2)-0.2%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)1.22%
Revenue beat(4)1
Avg Revenue beat(4)-2.16%
Min Revenue beat(4)-7.61%
Max Revenue beat(4)1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.61%
Revenue beat(12)5
Avg Revenue beat(12)-0.7%
Revenue beat(16)8
Avg Revenue beat(16)-0.46%
PT rev (1m)2.96%
PT rev (3m)5.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.07%
EPS NY rev (1m)0%
EPS NY rev (3m)1.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.08%
Valuation
Industry RankSector Rank
PE 15.25
Fwd PE 15.41
P/S 4.81
P/FCF 13.5
P/OCF 13.26
P/B 2.36
P/tB 3.01
EV/EBITDA N/A
EPS(TTM)7.79
EY6.56%
EPS(NY)7.71
Fwd EY6.49%
FCF(TTM)8.8
FCFY7.41%
OCF(TTM)8.96
OCFY7.54%
SpS24.7
BVpS50.43
TBVpS39.5
PEG (NY)2.8
PEG (5Y)1.37
Profitability
Industry RankSector Rank
ROA 2.24%
ROE 19.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 39.69%
GM N/A
FCFM 35.63%
ROA(3y)1.67%
ROA(5y)1.66%
ROE(3y)15.68%
ROE(5y)14.63%
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 3Y1.51%
PM growth 5Y2.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.62
Debt/EBITDA N/A
Cap/Depr 54.93%
Cap/Sales 0.64%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 89.79%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC9.52%
ROIC/WACCN/A
Cap/Depr(3y)53.84%
Cap/Depr(5y)70.07%
Cap/Sales(3y)1.11%
Cap/Sales(5y)1.54%
Profit Quality(3y)114.93%
Profit Quality(5y)110.63%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.38%
EPS 3Y17.59%
EPS 5Y11.13%
EPS Q2Q%2.02%
EPS Next Y5.44%
EPS Next 2Y0.65%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue 1Y (TTM)24.56%
Revenue growth 3Y6.9%
Revenue growth 5Y7.83%
Sales Q2Q%4.3%
Revenue Next Year1.12%
Revenue Next 2Y0.75%
Revenue Next 3Y1.29%
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 1Y19.49%
FCF growth 3Y16.88%
FCF growth 5Y14.84%
OCF growth 1Y19.31%
OCF growth 3Y15.28%
OCF growth 5Y12.13%