Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Commerce Bancshares, Inc. (CBSH)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$72.56 - $146.07$101.08
Multi-Stage$70.94 - $77.65$74.23
Blended Fair Value$87.66
Current Price$59.76
Upside46.68%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.04%5.59%1.091.010.960.920.910.850.750.690.650.64
YoY Growth--7.69%5.70%3.89%1.55%6.48%13.20%9.41%5.22%2.48%0.85%
Dividend Yield--1.75%2.03%1.81%1.49%1.44%2.16%1.70%1.61%1.72%2.20%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)562.98
(-) Cash Dividends Paid (M)148.61
(=) Cash Retained (M)414.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)112.6070.3742.22
Cash Retained (M)414.37414.37414.37
(-) Cash Required (M)-112.60-70.37-42.22
(=) Excess Retained (M)301.77344.00372.15
(/) Shares Outstanding (M)133.25133.25133.25
(=) Excess Retained per Share2.262.582.79
LTM Dividend per Share1.121.121.12
(+) Excess Retained per Share2.262.582.79
(=) Adjusted Dividend3.383.703.91
WACC / Discount Rate8.41%8.41%8.41%
Growth Rate3.59%4.59%5.59%
Fair Value$72.56$101.08$146.07
Upside / Downside21.42%69.15%144.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)562.98588.81615.82644.07673.62704.52725.65
Payout Ratio26.40%39.12%51.84%64.56%77.28%90.00%92.50%
Projected Dividends (M)148.61230.33319.23415.80520.57634.07671.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.41%8.41%8.41%
Growth Rate3.59%4.59%5.59%
Year 1 PV (M)210.42212.45214.49
Year 2 PV (M)266.44271.61276.83
Year 3 PV (M)317.05326.32335.77
Year 4 PV (M)362.63376.84391.46
Year 5 PV (M)403.53423.39444.02
PV of Terminal Value (M)7,892.528,280.908,684.43
Equity Value (M)9,452.609,891.5210,347.00
Shares Outstanding (M)133.25133.25133.25
Fair Value$70.94$74.23$77.65
Upside / Downside18.70%24.22%29.94%

High-Yield Dividend Screener

« Prev Page 59 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
QFBQ.QALesha Bank L.L.C2.69%$0.0532.62%
002442.SZLongxing Chemical Stock Co., Ltd.2.68%$0.1799.79%
016800.KSFursys Inc.2.68%$1,200.1730.47%
265520.KQAdvanced Process Systems Corporation2.68%$538.1030.22%
300896.SZImeik Technology Development Co.,Ltd.2.68%$3.8078.17%
3123.TSaibo Co., Ltd.2.68%$16.1426.87%
9057.TEnshu Truck Co.,Ltd.2.68%$96.0831.06%
CHC.AXCharter Hall Group2.68%$0.6553.83%
IFT.AXInfratil Limited2.68%$0.2647.86%
KRZ.IRKerry Group plc2.68%$2.0427.68%
MGH.AXMAAS Group Holdings Limited2.68%$0.1537.02%
NOANorth American Construction Group Ltd.2.68%$0.3932.95%
U06.SISingapore Land Group Limited2.68%$0.0924.45%
000089.SZShenzhen Airport Co., Ltd.2.67%$0.1965.57%
000830.SZLuxi Chemical Group Co., Ltd.2.67%$0.4457.18%
005820.KSWonlim Corporation2.67%$399.8822.01%
007980.KSTP Inc.2.67%$51.627.46%
049800.KSWoojin Plaimm Co., Ltd.2.67%$50.6726.03%
300009.SZAnhui Anke Biotechnology (Group) Co., Ltd.2.67%$0.2662.51%
6220.TWOYFC-Boneagle Electric Co., Ltd.2.67%$0.6989.25%
002753.SZShanxi Yongdong Chemistry Industry Co., Ltd.2.66%$0.1990.03%
011200.KSHMM Co.,Ltd2.66%$537.6722.84%
014830.KSUNID Company Ltd.2.66%$1,782.2616.95%
023450.KSDongnam Chemical Co., Ltd.2.66%$914.8545.96%
210540.KSDY Power Corporation2.66%$350.1314.53%
600729.SSChongqing Department Store Co.,Ltd.2.66%$0.6921.76%
7282.TToyoda Gosei Co., Ltd.2.66%$104.8829.11%
7989.TTachikawa Corporation2.66%$52.4433.02%
9699.TNishio Rent All Co., Ltd.2.66%$125.9628.89%
069730.KSDSR Wire Corp2.65%$99.936.22%
118990.KQMotrex Co., Ltd2.65%$249.2535.67%
OLGERD.ICÖlgerðin Egill Skallagrímsson hf.2.65%$0.4862.79%
084010.KSDaehan Steel Co., Ltd.2.64%$516.5429.55%
0DH7.LAF Gruppen ASA2.64%$4.9752.35%
1504.TWTECO Electric & Machinery Co., Ltd.2.64%$2.2387.91%
2587.TSuntory Beverage & Food Limited2.64%$125.0045.12%
6922.TWONeousys Technology Inc.2.64%$4.5461.30%
SHR.BKS Hotels and Resorts Public Company Limited2.64%$0.0533.96%
002871.SZQingdao Weflo Valve Co., Ltd.2.63%$0.4779.89%
600918.SSZhongtai Securities Co., Ltd.2.63%$0.1768.20%
8572.TAcom Co., Ltd.2.63%$13.0038.71%
LIAB.STLindab International AB (publ)2.63%$5.4076.19%
MYOR.JKPT Mayora Indah Tbk2.63%$57.3845.12%
002443.SZZhejiang Kingland Pipeline and Technologies Co.,Ltd.2.62%$0.2164.11%
039490.KSKiwoom Securities Co., Ltd.2.62%$7,904.3320.30%
155660.KSDSR Corp2.62%$100.1511.70%
4263.SRSAL Saudi Logistics Services Co2.62%$4.2355.27%
AFK.OLArendals Fossekompani ASA2.62%$3.525.05%
INSTAL.STInstalco AB (publ)2.62%$0.6865.47%
000048.SZShenzhen Kingkey Smart Agriculture Times Co.,Ltd2.61%$0.4658.98%