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CIVISTA BANCSHARES INC (CIVB) Stock Fundamental Analysis

NASDAQ:CIVB - Nasdaq - US1788671071 - Common Stock

20.88  +0.39 (+1.9%)

After market: 20.88 0 (0%)

Fundamental Rating

4

Taking everything into account, CIVB scores 4 out of 10 in our fundamental rating. CIVB was compared to 405 industry peers in the Banks industry. CIVB has a medium profitability rating, but doesn't score so well on its financial health evaluation. CIVB has a decent growth rate and is not valued too expensively. Finally CIVB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

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.
CIVB had positive earnings in each of the past 5 years.
In the past 5 years CIVB always reported a positive cash flow from operatings.
CIVB Yearly Net Income VS EBIT VS OCF VS FCFCIVB 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

1.2 Ratios

With a decent Return On Assets value of 0.91%, CIVB is doing good in the industry, outperforming 62.31% of the companies in the same industry.
The Return On Equity of CIVB (9.32%) is better than 64.07% of its industry peers.
Industry RankSector Rank
ROA 0.91%
ROE 9.32%
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
CIVB Yearly ROA, ROE, ROICCIVB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 19.36%, CIVB is not doing good in the industry: 63.32% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of CIVB has grown nicely.
CIVB 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) 19.36%
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
CIVB Yearly Profit, Operating, Gross MarginsCIVB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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1

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 about the same amount of shares outstanding.
Compared to 5 years ago, CIVB has more shares outstanding
The debt/assets ratio for CIVB has been reduced compared to a year ago.
CIVB Yearly Shares OutstandingCIVB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
CIVB Yearly Total Debt VS Total AssetsCIVB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of CIVB is 4.19, which is a neutral value as it means it would take CIVB, 4.19 years of fcf income to pay off all of its debts.
CIVB has a Debt to FCF ratio of 4.19. This is in the lower half of the industry: CIVB underperforms 61.06% of its industry peers.
CIVB has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
CIVB has a worse Debt to Equity ratio (0.28) than 63.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.19
Altman-Z N/A
ROIC/WACCN/A
WACC9.49%
CIVB Yearly LT Debt VS Equity VS FCFCIVB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CIVB Yearly Current Assets VS Current LiabilitesCIVB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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4

3. Growth

3.1 Past

CIVB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.45%.
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.
Looking at the last year, CIVB shows a quite strong growth in Revenue. The Revenue has grown by 14.07% in the last year.
Measured over the past years, CIVB shows a quite strong growth in Revenue. The Revenue has been growing by 14.08% on average per year.
EPS 1Y (TTM)-30.45%
EPS 3Y11.06%
EPS 5Y8.17%
EPS Q2Q%-19.7%
Revenue 1Y (TTM)14.07%
Revenue growth 3Y11.32%
Revenue growth 5Y14.08%
Sales Q2Q%-1.79%

3.2 Future

The Earnings Per Share is expected to decrease by -4.52% on average over the next years.
CIVB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.26% yearly.
EPS Next Y-28.31%
EPS Next 2Y-12.11%
EPS Next 3Y-4.52%
EPS Next 5YN/A
Revenue Next Year-6.01%
Revenue Next 2Y-0.08%
Revenue Next 3Y2.26%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CIVB Yearly Revenue VS EstimatesCIVB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
CIVB Yearly EPS VS EstimatesCIVB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.39, the valuation of CIVB can be described as reasonable.
CIVB's Price/Earnings ratio is rather cheap when compared to the industry. CIVB is cheaper than 81.41% of the companies in the same industry.
CIVB is valuated cheaply when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.87, which indicates a very decent valuation of CIVB.
Based on the Price/Forward Earnings ratio, CIVB is valued a bit cheaper than the industry average as 77.64% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 24.11. CIVB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.39
Fwd PE 9.87
CIVB Price Earnings VS Forward Price EarningsCIVB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CIVB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 12.46
EV/EBITDA N/A
CIVB Per share dataCIVB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

CIVB's earnings are expected to decrease with -4.52% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.27
EPS Next 2Y-12.11%
EPS Next 3Y-4.52%

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7

5. Dividend

5.1 Amount

CIVB has a Yearly Dividend Yield of 3.29%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.28, CIVB pays a bit more dividend than its industry peers.
CIVB's Dividend Yield is a higher than the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 3.29%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.68%
Div Incr Years13
Div Non Decr Years13
CIVB Yearly Dividends per shareCIVB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

CIVB pays out 27.35% of its income as dividend. This is a sustainable payout ratio.
DP27.35%
EPS Next 2Y-12.11%
EPS Next 3Y-4.52%
CIVB Yearly Income VS Free CF VS DividendCIVB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
CIVB Dividend Payout.CIVB Dividend Payout, showing the Payout Ratio.CIVB Dividend Payout.PayoutRetained Earnings

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CIVISTA BANCSHARES INC

NASDAQ:CIVB (1/17/2025, 4:30:00 PM)

After market: 20.88 0 (0%)

20.88

+0.39 (+1.9%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-29 2024-10-29/bmo
Earnings (Next)01-30 2025-01-30/amc
Inst Owners54.75%
Inst Owner Change0.03%
Ins Owners1.4%
Ins Owner Change0.98%
Market Cap328.65M
Analysts80
Price Target24.57 (17.67%)
Short Float %1.09%
Short Ratio2.57
Dividend
Industry RankSector Rank
Dividend Yield 3.29%
Yearly Dividend0.61
Dividend Growth(5Y)10.68%
DP27.35%
Div Incr Years13
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.21%
Min EPS beat(2)13.51%
Max EPS beat(2)18.9%
EPS beat(4)3
Avg EPS beat(4)6.36%
Min EPS beat(4)-12.65%
Max EPS beat(4)18.9%
EPS beat(8)5
Avg EPS beat(8)2.49%
EPS beat(12)8
Avg EPS beat(12)4.66%
EPS beat(16)11
Avg EPS beat(16)7.31%
Revenue beat(2)2
Avg Revenue beat(2)1.1%
Min Revenue beat(2)0.92%
Max Revenue beat(2)1.28%
Revenue beat(4)2
Avg Revenue beat(4)-2.87%
Min Revenue beat(4)-8%
Max Revenue beat(4)1.28%
Revenue beat(8)3
Avg Revenue beat(8)-2.35%
Revenue beat(12)4
Avg Revenue beat(12)-2.71%
Revenue beat(16)5
Avg Revenue beat(16)-2.28%
PT rev (1m)6.64%
PT rev (3m)25.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.97%
EPS NY rev (1m)0.22%
EPS NY rev (3m)9.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.16%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)1.73%
Valuation
Industry RankSector Rank
PE 10.39
Fwd PE 9.87
P/S 1.73
P/FCF 12.46
P/OCF 11.85
P/B 0.83
P/tB 1.26
EV/EBITDA N/A
EPS(TTM)2.01
EY9.63%
EPS(NY)2.12
Fwd EY10.14%
FCF(TTM)1.68
FCFY8.02%
OCF(TTM)1.76
OCFY8.44%
SpS12.06
BVpS25.06
TBVpS16.56
PEG (NY)N/A
PEG (5Y)1.27
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 9.32%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 19.36%
GM N/A
FCFM 13.89%
ROA(3y)1.17%
ROA(5y)1.22%
ROE(3y)11.37%
ROE(5y)10.66%
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-2.24%
PM growth 5Y10.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.19
Debt/EBITDA N/A
Cap/Depr 11.04%
Cap/Sales 0.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 71.74%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC9.49%
ROIC/WACCN/A
Cap/Depr(3y)69.35%
Cap/Depr(5y)74.14%
Cap/Sales(3y)2.77%
Cap/Sales(5y)2.59%
Profit Quality(3y)95.78%
Profit Quality(5y)98.09%
High Growth Momentum
Growth
EPS 1Y (TTM)-30.45%
EPS 3Y11.06%
EPS 5Y8.17%
EPS Q2Q%-19.7%
EPS Next Y-28.31%
EPS Next 2Y-12.11%
EPS Next 3Y-4.52%
EPS Next 5YN/A
Revenue 1Y (TTM)14.07%
Revenue growth 3Y11.32%
Revenue growth 5Y14.08%
Sales Q2Q%-1.79%
Revenue Next Year-6.01%
Revenue Next 2Y-0.08%
Revenue Next 3Y2.26%
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 1Y-13.34%
FCF growth 3Y24.54%
FCF growth 5Y26.23%
OCF growth 1Y-18.14%
OCF growth 3Y24.3%
OCF growth 5Y25.72%