Civista Bancshares, Inc.

NasdaqCM:CIVB Stock Report

Mkt Cap: US$345.7m

We’ve recently updated our valuation analysis.

Civista Bancshares Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 CIVB?

Other financial metrics that can be useful for relative valuation.

CIVB 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 Ratio0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CIVB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10x
RRBI Red River Bancshares
10x6.5%US$355.7m
HTBI HomeTrust Bancshares
11x16.4%US$374.0m
DBIN Dacotah Banks
10xn/aUS$384.8m
BSRR Sierra Bancorp
8.9x7.8%US$318.4m
CIVB Civista Bancshares
9x13.8%US$345.7m

Price-To-Earnings vs Peers: CIVB is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.6%
n/an/an/a

Price-To-Earnings vs Industry: CIVB is good value based on its Price-To-Earnings Ratio (9x) compared to the US Banks industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is CIVB'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.

CIVB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: CIVB is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Share Price vs Fair Value

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

Below Fair Value: CIVB ($21.75) is trading below our estimate of fair value ($56.67)

Significantly Below Fair Value: CIVB 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 CIVB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$21.75
US$27.67
+27.2%
6.2%US$30.00US$25.50n/a6
Jan ’24US$22.01
US$27.86
+26.6%
6.0%US$30.00US$25.50n/a7
Dec ’23US$22.81
US$27.86
+22.1%
6.0%US$30.00US$25.50n/a7
Nov ’23US$23.69
US$28.00
+18.2%
6.3%US$30.00US$25.50n/a6
Oct ’23US$20.76
US$27.75
+33.7%
10.5%US$32.00US$23.50n/a6
Sep ’23US$21.33
US$27.92
+30.9%
9.6%US$32.00US$24.50n/a6
Aug ’23US$21.99
US$27.75
+26.2%
10.0%US$32.00US$24.50n/a6
Jul ’23US$21.45
US$29.08
+35.6%
9.3%US$33.00US$25.00n/a6
Jun ’23US$21.04
US$29.17
+38.6%
8.9%US$33.00US$25.50n/a6
May ’23US$20.82
US$29.17
+40.1%
8.9%US$33.00US$25.50n/a6
Apr ’23US$24.38
US$30.17
+23.7%
8.0%US$34.00US$28.00n/a6
Mar ’23US$23.70
US$29.83
+25.9%
6.5%US$33.00US$28.00n/a6
Feb ’23US$24.11
US$29.83
+23.7%
6.5%US$33.00US$28.00n/a6
Jan ’23US$24.40
US$28.58
+17.1%
4.6%US$31.00US$27.00US$22.016
Dec ’22US$23.99
US$28.42
+18.5%
4.6%US$31.00US$27.00US$22.816
Nov ’22US$25.09
US$28.42
+13.3%
4.6%US$31.00US$27.00US$23.696
Oct ’22US$23.73
US$27.58
+16.2%
7.3%US$31.00US$24.50US$20.766
Sep ’22US$23.22
US$27.50
+18.4%
7.4%US$31.00US$24.50US$21.336
Aug ’22US$22.89
US$27.33
+19.4%
7.9%US$31.00US$24.50US$21.996
Jul ’22US$22.33
US$26.67
+19.4%
8.9%US$31.00US$24.00US$21.456
Jun ’22US$23.78
US$26.92
+13.2%
8.6%US$31.00US$24.00US$21.046
May ’22US$23.13
US$26.75
+15.7%
8.8%US$31.00US$24.00US$20.826
Apr ’22US$23.15
US$24.42
+5.5%
13.9%US$31.00US$21.00US$24.386
Mar ’22US$20.80
US$21.83
+5.0%
4.9%US$24.00US$21.00US$23.706
Feb ’22US$18.32
US$20.25
+10.5%
8.6%US$24.00US$18.50US$24.116
Jan ’22US$17.53
US$19.42
+10.8%
2.7%US$20.00US$18.50US$24.406

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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