Company Valuation: Commerce Bancshares, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,385 8,531 6,970 8,389 7,277 8,325 - -
Change - 1.74% -18.29% 20.36% -13.26% 14.4% - -
Enterprise Value (EV) 8,385 8,531 6,970 8,389 7,277 8,325 8,325 8,325
Change - 1.74% -18.29% 20.36% -13.26% 14.4% 0% 0%
P/E 15.9x 17.7x 14.7x 16.1x 13x 13.7x 12.7x 11.6x
PBR 2.42x 3.43x 2.35x 2.51x 1.89x 1.85x 1.7x 1.59x
PEG - -2.85x -20.22x 1.4x 1.35x 2.64x 1.65x 1.23x
Capitalization / Revenue 5.96x 5.62x 4.41x 5.02x 4.11x 4.19x 4.04x 3.85x
EV / Revenue 0x 0x 0x 0x 0x 4.19x 4.04x 3.85x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.63x 9.26x 8.67x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.8227 0.8725 0.9333 0.98 1.048 1.1 1.166 1.26
Rate of return 1.45% 1.48% 1.93% 1.65% 2% 1.9% 2.01% 2.17%
EPS 2 3.546 3.326 3.302 3.686 4.04 4.25 4.578 5.01
Distribution rate 23.2% 26.2% 28.3% 26.6% 25.9% 25.9% 25.5% 25.1%
Net sales 1 1,408 1,519 1,580 1,673 1,770 1,988 2,059 2,160
EBITDA - - - - - - - -
EBIT 1 601.6 670.1 573 721.6 790.2 864.3 899.4 960.5
Net income 1 530.8 488.4 477.1 526.3 566.3 606.3 634.3 672.6
Net Debt - - - - - - - -
Reference price 2 56.55 58.80 48.44 59.34 52.34 58.04 58.04 58.04
Nbr of stocks (in thousands) 148,267 145,074 143,879 141,371 139,035 143,432 - -
Announcement Date 1/19/22 1/19/23 1/18/24 1/22/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.66x - - 1.9% 8.32B
14.15x - - 1.76% 951B
13.32x - - 1.91% 436B
6.28x - - 5.01% 397B
12.67x - - 4.12% 355B
5.98x - - 5.17% 314B
17.7x - - 2.39% 283B
6.28x - - 5.11% 279B
11.87x - - 2.2% 262B
14.73x - - 2.69% 257B
Average 11.66x 3.23% 354.3B
Weighted average by Cap. 11.83x 3.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Commerce Bancshares, Inc.