CAN IMPERIAL BK OF COMMERCE (CM.CA) Stock Fundamental Analysis
TSX:CM - Toronto Stock Exchange - CA1360691010 - Common Stock - Currency: CAD
CM gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 31 industry peers in the Banks industry. CM has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, CM is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CM was profitable.
In the past year CM had a positive cash flow from operations.
In the past 5 years CM has always been profitable.
Of the past 5 years CM 4 years had a positive operating cash flow.
1.2 Ratios
CM's Return On Assets of 0.66% is in line compared to the rest of the industry. CM outperforms 48.39% of its industry peers.
Looking at the Return On Equity, with a value of 11.67%, CM is in line with its industry, outperforming 51.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 11.67% | ||
| ROIC | N/A |
ROA(3y)0.59%
ROA(5y)0.6%
ROE(3y)10.88%
ROE(5y)11.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 26.76%, CM perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
In the last couple of years the Profit Margin of CM has remained more or less at the same level.
CM does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 26.76% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.12%
PM growth 5Y-0.02%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CM does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CM has been increased compared to 1 year ago.
Compared to 5 years ago, CM has more shares outstanding
CM has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of CM is 14.73, which is on the high side as it means it would take CM, 14.73 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 14.73, CM is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
CM has a Debt/Equity ratio of 2.51. This is a high value indicating a heavy dependency on external financing.
CM's Debt to Equity ratio of 2.51 is on the low side compared to the rest of the industry. CM is outperformed by 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.51 | ||
| Debt/FCF | 14.73 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.67%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.96%, which is quite good.
The Earnings Per Share has been growing slightly by 4.42% on average over the past years.
The Revenue has grown by 9.76% in the past year. This is quite good.
The Revenue has been growing slightly by 6.59% on average over the past years.
EPS 1Y (TTM)9.96%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%21.66%
Revenue 1Y (TTM)9.76%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%13.23%
3.2 Future
CM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.85% yearly.
CM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.16% yearly.
EPS Next Y9.09%
EPS Next 2Y8.99%
EPS Next 3Y6.85%
EPS Next 5YN/A
Revenue Next Year6.87%
Revenue Next 2Y6.14%
Revenue Next 3Y5.26%
Revenue Next 5Y5.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.70 indicates a reasonable valuation of CM.
83.87% of the companies in the same industry are cheaper than CM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.63, CM is valued rather cheaply.
A Price/Forward Earnings ratio of 10.73 indicates a reasonable valuation of CM.
CM's Price/Forward Earnings ratio is rather expensive when compared to the industry. CM is more expensive than 87.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. CM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.7 | ||
| Fwd PE | 10.73 |
4.2 Price Multiples
CM's Price/Free Cash Flow ratio is rather expensive when compared to the industry. CM is more expensive than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.16 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.29
PEG (5Y)2.65
EPS Next 2Y8.99%
EPS Next 3Y6.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.20%, CM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.02, CM has a dividend in line with its industry peers.
CM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
5.2 History
The dividend of CM has a limited annual growth rate of 3.04%.
CM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)3.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CM pays out 43.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.01%
EPS Next 2Y8.99%
EPS Next 3Y6.85%
TSX:CM (2/21/2025, 7:00:00 PM)
86.59
-0.78 (-0.89%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners55.06%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap81.60B
Analysts77.39
Price Target97.59 (12.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
Yearly Dividend3.15
Dividend Growth(5Y)3.04%
DP43.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.77%
Min EPS beat(2)3.88%
Max EPS beat(2)7.65%
EPS beat(4)4
Avg EPS beat(4)5.13%
Min EPS beat(4)3%
Max EPS beat(4)7.65%
EPS beat(8)6
Avg EPS beat(8)2.49%
EPS beat(12)7
Avg EPS beat(12)0.06%
EPS beat(16)10
Avg EPS beat(16)2.81%
Revenue beat(2)1
Avg Revenue beat(2)0.96%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)2.5%
Revenue beat(4)1
Avg Revenue beat(4)0.01%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)2.5%
Revenue beat(8)2
Avg Revenue beat(8)-0.93%
Revenue beat(12)3
Avg Revenue beat(12)-1.27%
Revenue beat(16)5
Avg Revenue beat(16)-1.05%
PT rev (1m)1.71%
PT rev (3m)19.38%
EPS NQ rev (1m)3.11%
EPS NQ rev (3m)10.98%
EPS NY rev (1m)3.92%
EPS NY rev (3m)4.19%
Revenue NQ rev (1m)1.73%
Revenue NQ rev (3m)6.29%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)2.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.7 | ||
| Fwd PE | 10.73 | ||
| P/S | 3.19 | ||
| P/FCF | 8.16 | ||
| P/OCF | 7.36 | ||
| P/B | 1.39 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.4
EY8.55%
EPS(NY)8.07
Fwd EY9.32%
FCF(TTM)10.61
FCFY12.25%
OCF(TTM)11.77
OCFY13.59%
SpS27.17
BVpS62.32
TBVpS53.55
PEG (NY)1.29
PEG (5Y)2.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 11.67% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 26.76% | ||
| GM | N/A | ||
| FCFM | 39.05% |
ROA(3y)0.59%
ROA(5y)0.6%
ROE(3y)10.88%
ROE(5y)11.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.12%
PM growth 5Y-0.02%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.51 | ||
| Debt/FCF | 14.73 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 93.08% | ||
| Cap/Sales | 4.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 145.93% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC16.67%
ROIC/WACCN/A
Cap/Depr(3y)95.9%
Cap/Depr(5y)79.86%
Cap/Sales(3y)4.56%
Cap/Sales(5y)3.9%
Profit Quality(3y)246.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.96%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%21.66%
EPS Next Y9.09%
EPS Next 2Y8.99%
EPS Next 3Y6.85%
EPS Next 5YN/A
Revenue 1Y (TTM)9.76%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%13.23%
Revenue Next Year6.87%
Revenue Next 2Y6.14%
Revenue Next 3Y5.26%
Revenue Next 5Y5.16%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-10.24%
FCF growth 3YN/A
FCF growth 5Y-11.45%
OCF growth 1Y-8.77%
OCF growth 3YN/A
OCF growth 5Y-9.86%