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Citizens Bancshares Corp
Buy, Hold or Sell?

Let's analyze Citizens Bancshares Corp together

I guess you are interested in Citizens Bancshares Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Citizens Bancshares Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Citizens Bancshares Corp (30 sec.)










1.2. What can you expect buying and holding a share of Citizens Bancshares Corp? (30 sec.)

How much money do you get?

How much money do you get?
$3.57
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$89.68
Expected worth in 1 year
$110.65
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
$24.55
Return On Investment
45.3%

For what price can you sell your share?

Current Price per Share
$54.25
Expected price per share
$49.95 - $
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Citizens Bancshares Corp (5 min.)




Live pricePrice per Share (EOD)
$54.25
Intrinsic Value Per Share
$42.63 - $130.37
Total Value Per Share
$132.31 - $220.05

2.2. Growth of Citizens Bancshares Corp (5 min.)




Is Citizens Bancshares Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$176.9m$172.1m$4.7m2.7%

How much money is Citizens Bancshares Corp making?

Current yearPrevious yearGrowGrow %
Making money$12.2m$7.3m$4.9m40.2%
Net Profit Margin30.2%25.4%--

How much money comes from the company's main activities?

2.3. Financial Health of Citizens Bancshares Corp (5 min.)




2.4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Citizens Bancshares Corp?

Welcome investor! Citizens Bancshares Corp's management wants to use your money to grow the business. In return you get a share of Citizens Bancshares Corp.

First you should know what it really means to hold a share of Citizens Bancshares Corp. And how you can make/lose money.

Speculation

The Price per Share of Citizens Bancshares Corp is $54.25. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Citizens Bancshares Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Citizens Bancshares Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $89.68. Based on the TTM, the Book Value Change Per Share is $5.24 per quarter. Based on the YOY, the Book Value Change Per Share is $47.11 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.89 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Citizens Bancshares Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps6.2311.5%6.2311.5%4.518.3%3.907.2%2.474.5%
Usd Book Value Change Per Share5.249.7%5.249.7%47.1186.8%17.9333.1%-8.92-16.4%
Usd Dividend Per Share0.891.6%0.891.6%0.601.1%0.551.0%0.310.6%
Usd Total Gains Per Share6.1411.3%6.1411.3%47.7187.9%18.4834.1%-8.61-15.9%
Usd Price Per Share39.00-39.00-27.50-19.61-13.43-
Price to Earnings Ratio6.26-6.26-6.09-5.06-6.32-
Price-to-Total Gains Ratio6.35-6.35-0.58-2.07-683.95-
Price to Book Ratio0.43-0.43-0.33-0.39-85.61-
Price-to-Total Gains Ratio6.35-6.35-0.58-2.07-683.95-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share54.25
Number of shares18
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.890.55
Usd Book Value Change Per Share5.2417.93
Usd Total Gains Per Share6.1418.48
Gains per Quarter (18 shares)110.47332.70
Gains per Year (18 shares)441.881,330.82
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1643784324012911321
21297558748025822652
31931133131611938733983
42571510175815951645314
53221888220019964556645
63862265264223977467976
74502643308427990379307
8515302035263181032810638
9579339839683581161911969
10643377644103981291013300

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%29.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%20.09.00.069.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%27.00.02.093.1%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%20.09.00.069.0%
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3.2. Key Performance Indicators

The key performance indicators of Citizens Bancshares Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--5.2445.2440%47.110-89%17.931-71%-8.924+270%
Book Value Per Share--89.67689.6760%84.432+6%51.519+74%61.087+47%
Current Ratio--0.2970.2970%0.483-39%0.389-24%1794.601-100%
Debt To Asset Ratio--0.7630.7630%0.787-3%0.847-10%0.693+10%
Debt To Equity Ratio--3.2143.2140%3.688-13%6.545-51%5.847-45%
Dividend Per Share--0.8930.8930%0.601+49%0.553+62%0.314+185%
Eps--6.2326.2320%4.515+38%3.904+60%2.468+152%
Free Cash Flow Per Share--8.4518.4510%4.487+88%4.606+84%2.558+230%
Free Cash Flow To Equity Per Share---30.976-30.9760%73.655-142%33.738-192%16.961-283%
Gross Profit Margin--1.0001.0000%0.892+12%0.941+6%0.938+7%
Intrinsic Value_10Y_max--130.371--------
Intrinsic Value_10Y_min--42.629--------
Intrinsic Value_1Y_max--7.348--------
Intrinsic Value_1Y_min--3.021--------
Intrinsic Value_3Y_max--26.435--------
Intrinsic Value_3Y_min--10.213--------
Intrinsic Value_5Y_max--50.773--------
Intrinsic Value_5Y_min--18.597--------
Market Cap107033080.000+28%76945440.00076945440.0000%56075717.500+37%39926267.440+93%27502812.072+180%
Net Profit Margin--0.3020.3020%0.254+19%0.230+31%0.176+72%
Operating Margin----0%-0.0290%-0.0240%0.073-100%
Operating Ratio--0.2080.2080%0.238-13%0.248-16%7.879-97%
Pb Ratio0.605+28%0.4350.4350%0.326+34%0.395+10%85.609-99%
Pe Ratio8.705+28%6.2586.2580%6.091+3%5.061+24%6.321-1%
Price Per Share54.250+28%39.00039.0000%27.500+42%19.614+99%13.431+190%
Price To Free Cash Flow Ratio6.419+28%4.6154.6150%6.128-25%4.111+12%913.500-99%
Price To Total Gains Ratio8.839+28%6.3556.3550%0.576+1002%2.073+206%683.952-99%
Quick Ratio---0.003-0.0030%0.578-101%0.360-101%2814.609-100%
Return On Assets--0.0160.0160%0.009+81%0.010+62%0.008+111%
Return On Equity--0.0690.0690%0.043+63%0.072-3%0.060+15%
Total Gains Per Share--6.1376.1370%47.711-87%18.484-67%-8.610+240%
Usd Book Value--176927039.000176927039.0000%172167004.000+3%104639470.400+69%130209785.100+36%
Usd Book Value Change Per Share--5.2445.2440%47.110-89%17.931-71%-8.924+270%
Usd Book Value Per Share--89.67689.6760%84.432+6%51.519+74%61.087+47%
Usd Dividend Per Share--0.8930.8930%0.601+49%0.553+62%0.314+185%
Usd Eps--6.2326.2320%4.515+38%3.904+60%2.468+152%
Usd Free Cash Flow--16673909.00016673909.0000%9150249.000+82%9382602.800+78%5252341.578+217%
Usd Free Cash Flow Per Share--8.4518.4510%4.487+88%4.606+84%2.558+230%
Usd Free Cash Flow To Equity Per Share---30.976-30.9760%73.655-142%33.738-192%16.961-283%
Usd Market Cap107033080.000+28%76945440.00076945440.0000%56075717.500+37%39926267.440+93%27502812.072+180%
Usd Price Per Share54.250+28%39.00039.0000%27.500+42%19.614+99%13.431+190%
Usd Profit--12294931.00012294931.0000%7356000.000+67%6665990.200+84%3696513.341+233%
Usd Revenue--40760645.00040760645.0000%28907760.000+41%27669751.600+47%17204290.200+137%
Usd Total Gains Per Share--6.1376.1370%47.711-87%18.484-67%-8.610+240%
 EOD+4 -4MRQTTM+0 -0YOY+24 -115Y+22 -1310Y+28 -8

3.3 Fundamental Score

Let's check the fundamental score of Citizens Bancshares Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.705
Price to Book Ratio (EOD)Between0-10.605
Net Profit Margin (MRQ)Greater than00.302
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than1-0.003
Current Ratio (MRQ)Greater than10.297
Debt to Asset Ratio (MRQ)Less than10.763
Debt to Equity Ratio (MRQ)Less than13.214
Return on Equity (MRQ)Greater than0.150.069
Return on Assets (MRQ)Greater than0.050.016
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Citizens Bancshares Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.333
Ma 20Greater thanMa 5053.499
Ma 50Greater thanMa 10051.142
Ma 100Greater thanMa 20049.059
OpenGreater thanClose54.250
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Citizens Bancshares Corp

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans. The company also offers investment accounts and certificate of deposit account registry services. In addition, it provides merchant services, which include point of sale terminal, credit and debit card processing, electronic benefits transfer, gift card, and Internet shopping cart services; cash management services; and credit cards. Further, the company offers online and mobile banking, as well as check reorder services. Citizens Bancshares Corporation was founded in 1921 and is headquartered in Atlanta, Georgia.

Fundamental data was last updated by Penke on 2024-11-03 02:34:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is unable to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Citizens Bancshares Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • A Net Profit Margin of 30.2% means that $0.30 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Citizens Bancshares Corp:

  • The MRQ is 30.2%. The company is making a huge profit. +2
  • The TTM is 30.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ30.2%TTM30.2%0.0%
TTM30.2%YOY25.4%+4.7%
TTM30.2%5Y23.0%+7.2%
5Y23.0%10Y17.6%+5.4%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ30.2%28.6%+1.6%
TTM30.2%30.5%-0.3%
YOY25.4%27.5%-2.1%
5Y23.0%23.9%-0.9%
10Y17.6%20.7%-3.1%
4.3.1.2. Return on Assets

Shows how efficient Citizens Bancshares Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • 1.6% Return on Assets means that Citizens Bancshares Corp generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Citizens Bancshares Corp:

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY0.9%+0.7%
TTM1.6%5Y1.0%+0.6%
5Y1.0%10Y0.8%+0.2%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%0.2%+1.4%
TTM1.6%0.2%+1.4%
YOY0.9%0.2%+0.7%
5Y1.0%0.2%+0.8%
10Y0.8%0.2%+0.6%
4.3.1.3. Return on Equity

Shows how efficient Citizens Bancshares Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • 6.9% Return on Equity means Citizens Bancshares Corp generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Citizens Bancshares Corp:

  • The MRQ is 6.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.9%TTM6.9%0.0%
TTM6.9%YOY4.3%+2.7%
TTM6.9%5Y7.2%-0.2%
5Y7.2%10Y6.0%+1.2%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ6.9%2.3%+4.6%
TTM6.9%2.6%+4.3%
YOY4.3%2.8%+1.5%
5Y7.2%2.4%+4.8%
10Y6.0%2.8%+3.2%
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4.3.2. Operating Efficiency of Citizens Bancshares Corp.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Citizens Bancshares Corp is operating .

  • Measures how much profit Citizens Bancshares Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Citizens Bancshares Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-2.9%+2.9%
TTM-5Y-2.4%+2.4%
5Y-2.4%10Y7.3%-9.7%
4.3.2.2. Operating Ratio

Measures how efficient Citizens Bancshares Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.21 means that the operating costs are $0.21 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Citizens Bancshares Corp:

  • The MRQ is 0.208. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.208. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.208TTM0.2080.000
TTM0.208YOY0.238-0.030
TTM0.2085Y0.248-0.039
5Y0.24810Y7.879-7.632
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4.4.3. Liquidity of Citizens Bancshares Corp.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Citizens Bancshares Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
  • A Current Ratio of 0.30 means the company has $0.30 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Citizens Bancshares Corp:

  • The MRQ is 0.297. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.297. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.297TTM0.2970.000
TTM0.297YOY0.483-0.187
TTM0.2975Y0.389-0.093
5Y0.38910Y1,794.601-1,794.211
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.2973.684-3.387
YOY0.4831.484-1.001
5Y0.3891.126-0.737
10Y1,794.60112.007+1,782.594
4.4.3.2. Quick Ratio

Measures if Citizens Bancshares Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Citizens Bancshares Corp:

  • The MRQ is -0.003. The company is unable to pay all its short-term debts with the most liquid assets. -2
  • The TTM is -0.003. The company is unable to pay all its short-term debts with the most liquid assets. -2
Trends
Current periodCompared to+/- 
MRQ-0.003TTM-0.0030.000
TTM-0.003YOY0.578-0.582
TTM-0.0035Y0.360-0.364
5Y0.36010Y2,814.609-2,814.248
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM-0.0031.493-1.496
YOY0.5781.485-0.907
5Y0.3600.695-0.335
10Y2,814.60918.305+2,796.304
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4.5.4. Solvency of Citizens Bancshares Corp.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Citizens Bancshares Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Citizens Bancshares Corp to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.76 means that Citizens Bancshares Corp assets are financed with 76.3% credit (debt) and the remaining percentage (100% - 76.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Citizens Bancshares Corp:

  • The MRQ is 0.763. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.763. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.763TTM0.7630.000
TTM0.763YOY0.787-0.024
TTM0.7635Y0.847-0.084
5Y0.84710Y0.693+0.154
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7630.916-0.153
TTM0.7630.525+0.238
YOY0.7870.526+0.261
5Y0.8470.762+0.085
10Y0.6930.847-0.154
4.5.4.2. Debt to Equity Ratio

Measures if Citizens Bancshares Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 321.4% means that company has $3.21 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Citizens Bancshares Corp:

  • The MRQ is 3.214. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.214. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.214TTM3.2140.000
TTM3.214YOY3.688-0.474
TTM3.2145Y6.545-3.330
5Y6.54510Y5.847+0.698
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ3.21410.941-7.727
TTM3.2146.545-3.331
YOY3.6886.424-2.736
5Y6.5459.403-2.858
10Y5.84711.740-5.893
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Citizens Bancshares Corp generates.

  • Above 15 is considered overpriced but always compare Citizens Bancshares Corp to the Banks - Regional industry mean.
  • A PE ratio of 6.26 means the investor is paying $6.26 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Citizens Bancshares Corp:

  • The EOD is 8.705. Based on the earnings, the company is underpriced. +1
  • The MRQ is 6.258. Based on the earnings, the company is cheap. +2
  • The TTM is 6.258. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.705MRQ6.258+2.447
MRQ6.258TTM6.2580.000
TTM6.258YOY6.091+0.167
TTM6.2585Y5.061+1.197
5Y5.06110Y6.321-1.260
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD8.7055.066+3.639
MRQ6.2584.498+1.760
TTM6.2584.602+1.656
YOY6.0915.644+0.447
5Y5.0619.300-4.239
10Y6.3219.643-3.322
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Citizens Bancshares Corp:

  • The EOD is 6.419. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 4.615. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 4.615. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.419MRQ4.615+1.804
MRQ4.615TTM4.6150.000
TTM4.615YOY6.128-1.514
TTM4.6155Y4.111+0.504
5Y4.11110Y913.500-909.389
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD6.4190.412+6.007
MRQ4.6150.366+4.249
TTM4.615-0.773+5.388
YOY6.1280.081+6.047
5Y4.1110.389+3.722
10Y913.5000.041+913.459
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Citizens Bancshares Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • A PB ratio of 0.43 means the investor is paying $0.43 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Citizens Bancshares Corp:

  • The EOD is 0.605. Based on the equity, the company is cheap. +2
  • The MRQ is 0.435. Based on the equity, the company is cheap. +2
  • The TTM is 0.435. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.605MRQ0.435+0.170
MRQ0.435TTM0.4350.000
TTM0.435YOY0.326+0.109
TTM0.4355Y0.395+0.040
5Y0.39510Y85.609-85.214
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.6050.460+0.145
MRQ0.4350.409+0.026
TTM0.4350.240+0.195
YOY0.3260.306+0.020
5Y0.3950.649-0.254
10Y85.6090.920+84.689
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Cash And Cash Equivalents  39,146113,443152,589129,286281,875-70,558211,317-212,923-1,606
Net Debt  -34,836-114,116-148,951-130,730-279,68173,243-206,438209,5843,145
Other Stockholders Equity  5,415-8674,548474,595-204,575-6,567-1,992
Cash and Short Term Investments  39,146156,295195,44169,117264,558-4,454260,104-261,710-1,606
EBITDA  -141-13-127-140-93-233853620



6.2. Latest Balance Sheet

Balance Sheet of 2023-12-31. All numbers in thousands.

Summary
Total Assets745,638
Total Liabilities568,711
Total Stockholder Equity176,927
 As reported
Total Liabilities 568,711
Total Stockholder Equity+ 176,927
Total Assets = 745,638

Assets

Total Assets745,638
Total Current Assets142,959
Long-term Assets602,680
Total Current Assets
Cash And Cash Equivalents -1,606
Other Current Assets 142,959
Total Current Assets  (as reported)142,959
Total Current Assets  (calculated)141,353
+/- 1,606
Long-term Assets
Property Plant Equipment 7,249
Long-term Assets Other 486,510
Long-term Assets  (as reported)602,680
Long-term Assets  (calculated)493,759
+/- 108,921

Liabilities & Shareholders' Equity

Total Current Liabilities482,014
Long-term Liabilities86,697
Total Stockholder Equity176,927
Total Current Liabilities
Short-term Debt 395
Other Current Liabilities 481,619
Total Current Liabilities  (as reported)482,014
Total Current Liabilities  (calculated)482,014
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)86,697
Long-term Liabilities  (calculated)0
+/- 86,697
Total Stockholder Equity
Common Stock2,476
Retained Earnings 64,334
Other Stockholders Equity -1,992
Total Stockholder Equity (as reported)176,927
Total Stockholder Equity (calculated)64,817
+/- 112,110
Other
Cash and Short Term Investments -1,606
Common Stock Shares Outstanding 1,971
Liabilities and Stockholders Equity 745,638
Net Debt 3,145
Net Working Capital -339,056
Short Long Term Debt Total 1,539



6.3. Balance Sheets Structured

All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-31
> Total Assets 
128,389
144,879
128,160
206,827
215,510
267,278
294,500
279,490
360,443
331,384
328,581
335,185
338,384
348,095
387,540
387,806
397,160
395,605
387,733
395,639
388,620
396
429
411
417,828
571,926
668,919
807,136
745,638
745,638807,136668,919571,926417,828411429396388,620395,639387,733395,605397,160387,806387,540348,095338,384335,185328,581331,384360,443279,490294,500267,278215,510206,827128,160144,879128,389
   > Total Current Assets 
10,015
19,168
8,664
24,206
12,459
26,117
53,230
29,404
14,785
12,409
11,786
13,304
8,809
16,491
29,477
26,005
34,864
41,282
29,517
48,760
33,296
38
50
29
40,546
196,453
264,908
260,454
142,959
142,959260,454264,908196,45340,54629503833,29648,76029,51741,28234,86426,00529,47716,4918,80913,30411,78612,40914,78529,40453,23026,11712,45924,2068,66419,16810,015
       Cash And Cash Equivalents 
10,015
19,168
8,664
24,206
12,459
26,117
53,230
29,404
14,785
12,409
11,786
13,304
8,809
16,491
27,220
23,947
33,552
40,286
29,517
48,760
33,296
38
50
29
39,146
152,589
281,875
211,317
-1,606
-1,606211,317281,875152,58939,14629503833,29648,76029,51740,28633,55223,94727,22016,4918,80913,30411,78612,40914,78529,40453,23026,11712,45924,2068,66419,16810,015
       Short-term Investments 
0
0
0
0
0
0
41,913
18,287
3,091
1,534
498
4,688
622
9,621
2,257
2,058
1,312
995
23,177
46,003
900
900
1,150
1,052
0
42,852
-17,317
48,787
0
048,787-17,31742,85201,0521,15090090046,00323,1779951,3122,0582,2579,6216224,6884981,5343,09118,28741,913000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,915
1,680
2,755
0
02,7551,6801,9150000000000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48,481
286
320
307
349
448
397
40,546
196,453
264,908
260,454
142,959
142,959260,454264,908196,45340,54639744834930732028648,48100000000000000000
   > Long-term Assets 
43,577
42,233
27,148
56,594
59,767
71,282
70,366
65,305
119,749
95,515
85,637
88,619
76,685
102,368
126,635
140,244
136,076
139,173
148,748
134,038
130,359
358
379
381
377,282
375,473
404,011
546,682
602,680
602,680546,682404,011375,473377,282381379358130,359134,038148,748139,173136,076140,244126,635102,36876,68588,61985,63795,515119,74965,30570,36671,28259,76756,59427,14842,23343,577
       Property Plant Equipment 
2,404
2,891
2,947
6,104
7,716
6,745
6,111
6,732
9,161
8,379
7,625
7,850
7,792
7,537
7,825
7,520
7,228
6,956
6,589
6,395
6,136
6
8
8
9,522
9,114
8,471
7,817
7,249
7,2497,8178,4719,1149,5228866,1366,3956,5896,9567,2287,5207,8257,5377,7927,8507,6258,3799,1616,7326,1116,7457,7166,1042,9472,8912,404
       Goodwill 
0
0
0
0
0
0
0
0
362
362
362
362
362
362
362
362
362
362
362
362
362
0
0
0
362
362
362
18,483
0
018,48336236236200036236236236236236236236236236236236236200000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
141,285
126,851
123,258
120,655
104,351
93,956
73,080
87,580
97,052
202,080
0
0202,08097,05287,58073,08093,956104,351120,655123,258126,851141,285000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
1,114
1,814
1,409
1,003
598
486
433
3,329
2,840
2,368
1,896
1,424
952
480
362
362
0
362
1,639
1,435
6,009
0
06,0091,4351,63936203623624809521,4241,8962,3682,8403,3294334865981,0031,4091,8141,1140000000
       Other Assets 
74,797
83,477
92,348
126,027
143,284
169,879
170,904
184,780
225,909
223,460
231,158
233,262
252,890
229,237
231,427
221,556
226,220
215,150
209,468
212,841
224,964
0
0
0
284,493
301,978
0
0
0
000301,978284,493000224,964212,841209,468215,150226,220221,556231,427229,237252,890233,262231,158223,460225,909184,780170,904169,879143,284126,02792,34883,47774,797
> Total Liabilities 
900
765
585
1,427
10,835
10,640
272,727
251,448
336,499
305,502
301,367
305,036
305,250
314,437
14,495
328
310
292
273
254
5,235
349
389
368
371,061
520,026
593,483
634,969
568,711
568,711634,969593,483520,026371,0613683893495,23525427329231032814,495314,437305,250305,036301,367305,502336,499251,448272,72710,64010,8351,427585765900
   > Total Current Liabilities 
0
0
0
0
0
0
10,000
9,490
37,501
15,790
8,140
340
340
240
0
0
0
190,349
4
5
4
5
5
5
209,680
439,536
503,939
538,752
482,014
482,014538,752503,939439,536209,680555454190,3490002403403408,14015,79037,5019,49010,000000000
       Short-term Debt 
0
0
0
0
0
0
10,000
9,490
37,501
15,790
8,140
340
340
240
0
0
0
0
273
254
5,000
5,215
0
0
0
367
376
386
395
3953863763670005,2155,00025427300002403403408,14015,79037,5019,49010,000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
273
254
5,235
5,215
0
0
0
0
0
0
0
00000005,2155,235254273000000000000000000
       Accounts payable 
0
0
0
0
0
0
257,801
228,611
276,780
266,502
254,669
269,019
279,599
281,913
326,013
337,604
343,031
340,593
336,962
340,889
328,862
338,823
372,252
347,634
361,358
106
66
372
0
037266106361,358347,634372,252338,823328,862340,889336,962340,593343,031337,604326,013281,913279,599269,019254,669266,502276,780228,611257,801000000
       Other Current Liabilities 
0
0
0
0
0
0
-10,000
-9,490
-37,501
-15,790
-8,140
-340
-340
-240
0
0
0
190,349
336,962
340,889
-4,996
0
0
0
209,680
439,169
503,563
538,367
481,619
481,619538,367503,563439,169209,680000-4,996340,889336,962190,349000-240-340-340-8,140-15,790-37,501-9,490-10,000000000
   > Long-term Liabilities 
900
765
585
1,427
10,835
10,640
1,270
10,000
15,000
20,155
35,155
31,901
18,944
28,713
14,495
328
310
292
273
254
5,235
344
384
363
161,381
80,490
89,544
96,217
86,697
86,69796,21789,54480,490161,3813633843445,23525427329231032814,49528,71318,94431,90135,15520,15515,00010,0001,27010,64010,8351,427585765900
       Other Liabilities 
0
0
0
0
0
0
3,656
3,347
3,218
3,055
3,403
3,775
4,368
3,572
4,794
4,057
5,286
5,566
4,190
4,930
4,147
4,545
4,628
0
0
3,169
0
3,677
0
03,67703,169004,6284,5454,1474,9304,1905,5665,2864,0574,7943,5724,3683,7753,4033,0553,2183,3473,656000000
> Total Stockholder Equity
9,571
9,962
10,099
18,529
18,882
21,997
21,773
23,042
23,944
25,881
27,214
30,150
33,133
33,658
42,238
45,817
48,533
49,154
46,308
49,567
50,376
47
40
43
46,767
51,900
75,436
172,167
176,927
176,927172,16775,43651,90046,76743404750,37649,56746,30849,15448,53345,81742,23833,65833,13330,15027,21425,88123,94423,04221,77321,99718,88218,52910,0999,9629,571
   Common Stock
1,330
1,330
1,330
2,164
2,320
2,320
2,230
2,320
2,320
2,320
2,320
2,230
2,320
2,320
2,269
2,216
2,327
2,340
2,383
2,393
2,398
2
2
2
2,396
2,417
2,434
2,454
2,476
2,4762,4542,4342,4172,3962222,3982,3932,3832,3402,3272,2162,2692,3202,3202,2302,3202,3202,3202,3202,2302,3202,3202,1641,3301,3301,330
   Retained Earnings 
6,683
7,193
7,277
9,607
11,162
12,907
13,823
14,921
16,114
18,108
20,138
22,786
25,071
25,465
25,834
25,964
25,828
26,190
27,131
28,531
29,941
32
33
36
39,077
43,603
46,730
54,942
64,334
64,33454,94246,73043,60339,07736333229,94128,53127,13126,19025,82825,96425,83425,46525,07122,78620,13818,10816,11414,92113,82312,90711,1629,6077,2777,1936,683
   Accumulated Other Comprehensive Income 
88
-31
22
585
-1,125
415
-60
402
90
-34
-787
-448
47
75
771
-213
2,624
2,717
-1,081
671
-71
-1
-1
-2
-122
1,332
-322
-12,504
-10,590
-10,590-12,504-3221,332-122-2-1-1-71671-1,0812,7172,624-2137717547-448-787-3490402-60415-1,12558522-3188
   Capital Surplus 00000000000000000000000000000
   Treasury Stock000000-2,092-1,991-1,930-1,882-1,882-1,820-1,810-1,805-1,805-1,813-1,859-1,915-1,896-1,955-2,025-2,046-1,665000000
   Other Stockholders Equity 
1,470
1,470
1,470
6,174
6,525
6,355
5,779
5,399
5,419
5,487
5,543
5,582
5,695
5,798
5,902
6,008
5,913
6,065
6,035
6,131
6,267
7
6
6
5,415
4,548
4,595
4,575
-1,992
-1,9924,5754,5954,5485,4156676,2676,1316,0356,0655,9136,0085,9025,7985,6955,5825,5435,4875,4195,3995,7796,3556,5256,1741,4701,4701,470



6.4. Balance Sheets

All numbers in thousands.




6.5. Cash Flows

All numbers in thousands.