Intrinsic value of Commerce Bancshares, Inc. (CBSH)

[per Chepakovich valuation model]

other valuations of CBSH

[per Chepakovich valuation model]  See other valuations of CBSH stock

Previous Close$80.12
Intrinsic Value
Upside potential
Previous Close
$80.12

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-4.4NaN
Revenue, $1390NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m948NaN
Operating income, $m441NaN
EBITDA, $m545NaN
Interest expense (income), $mNaN
Earnings before tax, $m429NaN
Tax expense, $m87NaN
Net income, $m342NaN

BALANCE SHEET

Cash and short-term investments, $m3070NaN
Total assets, $m32923NaN
Adjusted assets (=assets-cash), $m29853NaN
Average production assets, $m520NaN
Working capital, $m-9821NaN
Total debt, $m1NaN
Total liabilities, $m29523NaN
Total equity, $m3400NaN
Debt-to-equity ratio0.000NaN
Adjusted equity ratio0.011NaN

CASH FLOW

Net income, $m342NaN
Depreciation, amort., depletion, $m104NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m624NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-31NaN
Free cash flow, $m655NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-9821
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN