We’ve recently updated our valuation analysis.

City Holding Valuation

Is CHCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHCO?

Other financial metrics that can be useful for relative valuation.

CHCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does CHCO's PE Ratio compare to its peers?

The above table shows the PE ratio for CHCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
BUSE First Busey
9.8x9.2%US$1.3b
MCHB Mechanics Bank
7.5xn/aUS$1.5b
BHLB Berkshire Hills Bancorp
15.1x10.7%US$1.2b
FCF First Commonwealth Financial
9.4x16.7%US$1.2b
CHCO City Holding
14.5xn/aUS$1.4b

Price-To-Earnings vs Peers: CHCO is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does CHCO's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.0%
n/an/an/a

Price-To-Earnings vs Industry: CHCO is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is CHCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CHCO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CHCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHCO ($91.4) is trading below our estimate of fair value ($142.67)

Significantly Below Fair Value: CHCO is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CHCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$91.40
US$94.50
+3.4%
3.9%US$100.00US$90.00n/a4
Jan ’24US$93.09
US$94.75
+1.8%
4.2%US$101.00US$90.00n/a4
Dec ’23US$101.68
US$94.75
-6.8%
4.2%US$101.00US$90.00n/a4
Nov ’23US$98.89
US$94.75
-4.2%
4.2%US$101.00US$90.00n/a4
Oct ’23US$88.69
US$88.25
-0.5%
4.2%US$91.00US$82.00n/a4
Sep ’23US$84.79
US$87.33
+3.0%
4.4%US$91.00US$82.00n/a3
Aug ’23US$86.69
US$87.33
+0.7%
4.4%US$91.00US$82.00n/a3
Jul ’23US$81.33
US$83.75
+3.0%
1.8%US$86.00US$82.00n/a4
Jun ’23US$81.93
US$83.75
+2.2%
1.8%US$86.00US$82.00n/a4
May ’23US$77.38
US$83.75
+8.2%
1.8%US$86.00US$82.00n/a4
Apr ’23US$78.75
US$84.00
+6.7%
1.9%US$86.00US$82.00n/a4
Mar ’23US$77.40
US$83.75
+8.2%
2.1%US$86.00US$82.00n/a4
Feb ’23US$79.94
US$83.75
+4.8%
2.1%US$86.00US$82.00n/a4
Jan ’23US$81.79
US$82.50
+0.9%
3.0%US$86.00US$79.00US$93.094
Dec ’22US$78.19
US$82.25
+5.2%
2.6%US$85.00US$79.00US$101.684
Nov ’22US$81.86
US$82.25
+0.5%
2.6%US$85.00US$79.00US$98.894
Oct ’22US$78.76
US$81.00
+2.8%
2.3%US$83.00US$78.00US$88.694
Sep ’22US$77.93
US$80.00
+2.7%
2.0%US$82.00US$78.00US$84.794
Aug ’22US$75.66
US$80.00
+5.7%
2.0%US$82.00US$78.00US$86.694
Jul ’22US$76.10
US$81.00
+6.4%
5.1%US$84.00US$74.00US$81.334
Jun ’22US$80.66
US$81.00
+0.4%
5.1%US$84.00US$74.00US$81.934
May ’22US$77.40
US$81.00
+4.7%
5.1%US$84.00US$74.00US$77.384
Apr ’22US$83.39
US$77.00
-7.7%
4.6%US$84.00US$74.00US$78.755
Mar ’22US$77.64
US$72.80
-6.2%
6.8%US$76.00US$63.00US$77.405
Feb ’22US$69.86
US$72.80
+4.2%
6.8%US$76.00US$63.00US$79.945
Jan ’22US$69.55
US$69.60
+0.07%
4.9%US$72.00US$63.00US$81.795

Analyst Forecast: Target price is less than 20% higher than the current share price.


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