OTCPK:CEFC

Stock Analysis Report

Commercial National Financial

Executive Summary

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Commercial National Financial is not covered by any analysts.

Similar Companies

Share Price & News

How has Commercial National Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

OTCPK:CEFC

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-15.9%

OTCPK:CEFC

-14.2%

US Banks

-0.4%

US Market

CEFC underperformed the Banks industry which returned -14.2% over the past year.

CEFC underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

CEFCIndustryMarket
7 Day0.4%-2.6%-1.0%
30 Day0.09%-6.3%-3.3%
90 Dayn/a-3.5%0.8%
1 Year-12.0%-15.9%-11.8%-14.2%1.9%-0.4%
3 Year20.8%5.6%42.2%32.4%39.4%30.4%
5 Year67.4%29.7%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Commercial National Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Commercial National Financial undervalued based on future cash flows and its price relative to the stock market?

9.38x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Commercial National Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Commercial National Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Commercial National Financial is good value based on earnings compared to the US Banks industry average.

Commercial National Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Commercial National Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Commercial National Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Commercial National Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Commercial National Financial is high growth as no revenue estimate data is available.

Commercial National Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Commercial National Financial's revenue growth to the United States of America market average as no estimate data is available.

Commercial National Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Commercial National Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Commercial National Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Commercial National Financial performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Commercial National Financial's year on year earnings growth rate has been positive over the past 5 years.

Commercial National Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Commercial National Financial's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Commercial National Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Commercial National Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Commercial National Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Commercial National Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Commercial National Financial has an acceptable proportion of non-loan assets held.

Commercial National Financial has a low allowance for bad loans.

Commercial National Financial's liabilities are made up of primarily low risk sources of funding.

Commercial National Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Commercial National Financial are broadly funded by customer deposits.

Commercial National Financial has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Commercial National Financial's current dividend yield, its reliability and sustainability?

4.92%

Current Dividend Yield


Dividend Yield and Payments Analysis

Commercial National Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Commercial National Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Commercial National Financial has been paying a dividend for less than 10 years.

Commercial National Financial has only been paying a dividend for 4 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Commercial National Financial's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average board tenure


CEO

Kevin Collison

4.6yrs

Tenure

Mr. Kevin D. Collison has been the Chief Executive Officer and President of Commercial Bank and Commercial National Financial Corporation since January 1, 2015. He served as Senior Vice President of Bank a ...


Board Age and Tenure

7.6yrs

Average Tenure

68yo

Average Age

The tenure for the Commercial National Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kevin Collison

    President

    • Tenure: 4.6yrs
  • Kevin Twardy

    CFO & COO


Board Members

  • Loren Roslund

    Director

    • Tenure: 11.6yrs
  • Kevin Collison

    President

    • Tenure: 4.6yrs
  • Kim Newson (68yo)

    Director

    • Tenure: 31.6yrs
  • Randal Lewis

    Director

    • Tenure: 10.6yrs
  • Richard Prestage (74yo)

    Vice Chairperson of the Board

  • Robert Elmore (69yo)

    Director

    • Tenure: 15.3yrs
  • Heather Cook

    Director

    • Tenure: 2.6yrs
  • Tim Gaylord (64yo)

    Director

    • Tenure: 2.6yrs
  • Scott Sheldon (61yo)

    Chairperson of the Board

  • Jeffrey Stahl

    Director

    • Tenure: 1.0yrs

Company Information

Commercial National Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Commercial National Financial Corporation
  • Ticker: CEFC
  • Exchange: OTCPK
  • Founded: 1893
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$43.380m
  • Shares outstanding: 4.11m
  • Website: Click here

Location

  • Commercial National Financial Corporation
  • 101 North Pine River
  • Ithaca
  • Michigan
  • 48847
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEFCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1994

Biography

Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial busines ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:34
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.