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Market Price

59.52 

-0.32 -0.5%

as of May 17 '19

52 Week Range:

53.40 72.55


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online banking services. The Commercial segment offers corporate lending, merchant and commercial bank card, leasing, international, and investment safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed-income securities to individuals, corporations, correspondent banks, public institutions, and municipalities. The Wealth segment provides traditional trust and estate planning services, brokerage services, and advisory and discretionary investment management services. The company also offers private equity investment, securities brokerage, and insurance agency services. It operates through a network of 320 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Equity (BVPS) 12.77
14.62
15.78
16.97
17.67
17.77
18.26
19.70
21.51
22.79
23.88
growth rate 14.5% 7.9% 7.5% 4.1% 0.6% 2.8% 7.9% 9.2% 6.0% 4.8%
Earnings BIT 273.73
242.13
318.12
381.04
398.61
383.35
388.94
389.00
408.29
443.32
growth rate -11.5% 31.4% 19.8% 4.6% -3.8% 1.5% 0.0% 5.0% 8.6%
Avg.PE 17.73
18.66
15.65
13.42
11.96
16.34
15.91
16.89
22.71
20.46
16.05
growth rate 5.3% -16.1% -14.3% -10.9% 36.6% -2.6% 6.2% 34.5% -9.9% -21.6%
ROA 1.12
0.95
1.21
1.31
1.25
1.14
1.08
1.03
1.05
1.21
1.67
growth rate -15.2% 27.4% 8.3% -4.6% -8.8% -5.3% -4.6% 1.9% 15.2% 38.0%
ROE 12.15
9.77
11.35
12.24
12.31
11.79
11.57
11.41
11.50
12.45
15.68
growth rate -19.6% 16.2% 7.8% 0.6% -4.2% -1.9% -1.4% 0.8% 8.3% 25.9%
ROIC 13.46
9.29
11.78
13.22
12.98
12.29
12.02
growth rate -31.0% 26.8% 12.2% -1.8% -5.3% -2.2%
Leverage 11.12
9.62
9.15
9.53
10.23
10.44
10.98
11.10
10.91
9.66
9.14
growth rate -13.5% -4.9% 4.2% 7.4% 2.1% 5.2% 1.1% -1.7% -11.5% -5.4%
Balance Sheet Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Acct.Payable 19,475.78
19,978.85
21,101.10
20,425.45
20,323.66
growth rate 2.6% 5.6% -3.2% -0.5%
Cur.Assets 2,182.01
1,412.81
1,558.05
1,273.04
1,999.66
growth rate -35.3% 10.3% -18.3% 57.1%
Total Assets 17,532.40
18,120.20
18,502.30
20,649.37
22,159.59
23,072.04
23,994.28
24,604.96
25,641.42
24,833.42
25,463.84
growth rate 3.4% 2.1% 11.6% 7.3% 4.1% 4.0% 2.6% 4.2% -3.2% 2.5%
Cash 1,129.90
441.20
450.50
9,875.94
10,449.56
10,312.51
1,100.72
502.72
782.44
511.85
282.91
growth rate -61.0% 2.1% 2,092.2% 5.8% -1.3% -89.3% -54.3% 55.6% -34.6% -44.7%
Inventory 5.48
2.82
0.37
0.68
1.41
growth rate -48.5% -87.0% 86.1% 107.5%
Cur.Liabilities 21,349.24
21,955.13
22,938.34
21,940.66
22,293.47
growth rate 2.8% 4.5% -4.4% 1.6%
Liabilities 15,955.80
16,236.00
16,480.40
18,483.32
19,992.46
20,861.39
21,660.03
22,237.54
23,140.29
22,115.23
22,526.69
growth rate 1.8% 1.5% 12.2% 8.2% 4.4% 3.8% 2.7% 4.1% -4.4% 1.9%
LT Debt 2,008.00
2,009.00
2,010.00
2,011.00
2,012.00
2,013.00
104.06
103.82
2.05
1.76
8.70
growth rate 0.1% 0.1% 0.1% 0.1% 0.1% -94.8% -0.2% -98.0% -14.2% 395.0%
Equity 1,576.60
1,884.20
2,022.00
2,166.05
2,167.13
2,210.64
2,185.41
2,217.21
2,351.00
2,571.78
2,786.51
growth rate 19.5% 7.3% 7.1% 0.1% 2.0% -1.1% 1.5% 6.0% 9.4% 8.4%
Common Shares 124.00
126.00
129.00
127.00
123.00
121.00
118.00
114.00
110.00
111.00
111.00
growth rate 1.6% 2.4% -1.6% -3.2% -1.6% -2.5% -3.4% -3.5% 0.9% 0.0%
Cash Flow Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Capital Expenditures 42.10
29.10
18.10
21.33
34.97
23.84
43.66
31.90
24.48
30.82
33.29
growth rate -30.9% -37.8% 17.9% 63.9% -31.8% 83.1% -26.9% -23.3% 25.9% 8.0%
Cash Dividends 72.10
74.70
78.20
79.14
211.61
82.10
88.29
93.96
96.07
100.62
109.24
growth rate 3.6% 4.7% 1.2% 167.4% -61.2% 7.5% 6.4% 2.2% 4.7% 8.6%
Cash From OA 217.30
295.30
671.20
407.36
383.88
361.75
360.84
291.20
454.96
426.53
552.66
growth rate 35.9% 127.3% -39.3% -5.8% -5.8% -0.3% -19.3% 56.2% -6.3% 29.6%
FCF per Share 1.41
2.10
5.06
4.34
2.83
2.82
2.66
2.80
2.96
3.50
4.64
growth rate 48.9% 141.0% -14.2% -34.8% -0.4% -5.7% 5.3% 5.7% 18.2% 32.6%
Sale Purchase of Stock -85.81
-90.09
-59.93
8.65
1.91
-39.39
-17.78
growth rate 0.0% 0.0% 100.0% -77.9% -100.0% 0.0%
FCF 175.00
266.00
653.00
386.00
348.00
337.00
317.00
257.00
408.00
402.00
519.00
growth rate 52.0% 145.5% -40.9% -9.8% -3.2% -5.9% -18.9% 58.8% -1.5% 29.1%
Income Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Sales 968.50
1,024.60
1,049.30
1,101.70
1,082.43
1,064.25
1,040.42
1,060.05
1,090.23
1,174.75
1,281.98
growth rate 5.8% 2.4% 5.0% -1.8% -1.7% -2.2% 1.9% 2.9% 7.8% 9.1%
Op.Income 244.20
242.10
318.10
256.34
269.33
260.96
393.47
395.71
414.33
444.39
555.71
growth rate -0.9% 31.4% -19.4% 5.1% -3.1% 50.8% 0.6% 4.7% 7.3% 25.1%
IBT 274.47
242.13
318.12
381.04
398.61
384.31
384.43
383.57
401.01
430.41
544.16
growth rate -11.8% 31.4% 19.8% 4.6% -3.6% 0.0% -0.2% 4.6% 7.3% 26.4%
Net Income 188.70
169.10
221.70
256.34
269.33
260.96
261.75
263.73
275.39
319.38
433.54
growth rate -10.4% 31.1% 15.6% 5.1% -3.1% 0.3% 0.8% 4.4% 16.0% 35.7%
EPS 1.52
1.33
1.71
2.01
2.16
2.13
2.15
2.21
2.37
2.76
3.78
growth rate -12.5% 28.6% 17.5% 7.5% -1.4% 0.9% 2.8% 7.2% 16.5% 37.0%
Gross Profit 1,040.42
1,060.05
1,090.23
1,174.75
1,281.98
growth rate 1.9% 2.9% 7.8% 9.1%

Quarterly Statements

Item Name Mar '18 Jun '18 Sep '18 Dec '18 Mar '19
Earnings BIT 129.33
growth rate
Balance Sheet Mar '18 Jun '18 Sep '18 Dec '18 Mar '19
Acct.Payable 20,538.47
20,321.56
20,133.62
20,323.66
19,974.35
growth rate -1.1% -0.9% 0.9% -1.7%
Cur.Assets 1,339.80
1,306.37
1,556.08
1,999.66
1,409.39
growth rate -2.5% 19.1% 28.5% -29.5%
Total Assets 24,611.24
24,524.74
25,062.39
25,463.84
25,033.47
growth rate -0.4% 2.2% 1.6% -1.7%
Cash 440.05
417.84
457.38
282.91
428.27
growth rate -5.1% 9.5% -38.1% 51.4%
Inventory 1.30
1.04
1.18
1.41
0.74
growth rate -20.1% 13.7% 19.6% -47.8%
Cur.Liabilities 21,687.17
21,508.16
22,018.75
22,293.47
21,707.40
growth rate -0.8% 2.4% 1.3% -2.6%
Liabilities 21,905.51
21,753.36
22,254.58
22,526.69
21,990.26
growth rate -0.7% 2.3% 1.2% -2.4%
LT Debt 9.21
9.29
1.53
8.70
29.83
growth rate 0.8% -83.5% 467.3% 242.8%
Equity 2,558.34
2,623.20
2,658.31
2,786.51
2,892.97
growth rate 2.5% 1.3% 4.8% 3.8%
Common Shares 535.41
535.41
535.41
559.43
559.43
growth rate 0.0% 0.0% 4.5% 0.0%
Cash Flow Statement Mar '18 Jun '18 Sep '18 Dec '18 Mar '19
Capital Expenditures 4.98
8.54
7.83
11.94
11.28
growth rate 71.5% -8.3% 52.4% -5.5%
Cash Dividends 27.36
27.35
27.31
27.23
31.11
growth rate 0.0% -0.1% -0.3% 14.3%
Cash From OA 143.99
144.09
158.63
105.95
142.18
growth rate 0.1% 10.1% -33.2% 34.2%
Sale Purchase of Stock -17.07
growth rate
FCF 139.01
135.55
150.80
94.01
130.90
growth rate -2.5% 11.3% -37.7% 39.2%
Income Statement Mar '18 Jun '18 Sep '18 Dec '18 Mar '19
Sales 307.60
322.69
325.78
325.92
311.34
growth rate 4.9% 1.0% 0.1% -4.5%
Op.Income 128.78
143.96
143.88
139.09
121.63
growth rate 11.8% -0.1% -3.3% -12.6%
IBT 125.32
140.83
140.72
137.30
119.92
growth rate 12.4% -0.1% -2.4% -12.7%
Net Income 100.98
110.33
112.58
109.65
97.14
growth rate 9.3% 2.0% -2.6% -11.4%
EPS
growth rate
Gross Profit 307.60
322.69
325.78
325.92
311.34
growth rate 4.9% 1.0% 0.1% -4.5%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (71.35)

YOY Growth Grade:

D (41.03)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 16.33 15.89 16.10
EPS / Growth 5.3% 3.75 5.5%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 5.9%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 5.3% 5.5% 5.5%
Future PE 10.52 14.50 14.50
Future EPS 6.25 6.42 6.42
Value Price
MOS %
16.26
-72.7%
23.03
-61.3%
23.03
-61.3%
MOS Price 8.13 11.51 11.51
IRT 11.39 11.24 11.24

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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