What is Civista Bancshares, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Civista Bancshares, Inc.'s reported free cash flow gives $41.67 per share. The share price was $27.06 on September 25, 2026, 35% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.5% | 10.0% | $27.24 | +1% |
| Base | 2.5% | 9.0% | $41.67 | +54% |
| Bull | 7.5% | 8.0% | $69.76 | +158% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $51.81 | $54.87 | $58.61 | $63.28 | $69.29 |
| 8.0% | $44.27 | $46.25 | $48.60 | $51.41 | $54.85 |
| 9.0% | $38.74 | $40.10 | $41.67 | $43.49 | $45.65 |
| 10.0% | $34.52 | $35.49 | $36.58 | $37.83 | $39.27 |
| 11.0% | $31.20 | $31.90 | $32.70 | $33.58 | $34.59 |
Where the presets come from
Base: years 1 to 5 grow at Civista Bancshares, Inc.'s revenue growth rate over the last 5 fiscal years (2.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions