CAN IMPERIAL BK OF COMMERCE (CM) Stock Fundamental Analysis
NYSE:CM - New York Stock Exchange, Inc. - CA1360691010 - Common Stock - Currency: USD
Overall CM gets a fundamental rating of 3 out of 10. We evaluated CM against 405 industry peers in the Banks industry. CM has a bad profitability rating. Also its financial health evaluation is rather negative. CM has a decent growth rate and is not valued too expensively. Finally CM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CM was profitable.
CM had a positive operating cash flow in the past year.
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 on the low side compared to the rest of the industry. CM is outperformed by 61.90% of its industry peers.
CM's Return On Equity of 11.67% is amongst the best of the industry. CM outperforms 83.21% of its industry peers.
| 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
CM has a better Profit Margin (26.76%) than 69.42% of its industry peers.
CM's Profit Margin has been stable in the last couple of years.
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.
CM has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CM has been increased compared to 5 years ago.
Compared to 1 year ago, CM has a worse debt to assets ratio.
2.2 Solvency
CM has a debt to FCF ratio of 14.73. This is a negative value and a sign of low solvency as CM would need 14.73 years to pay back of all of its debts.
The Debt to FCF ratio of CM (14.73) is worse than 75.44% of its industry peers.
CM has a Debt/Equity ratio of 2.51. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.51, CM is doing worse than 93.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.51 | ||
| Debt/FCF | 14.73 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.68%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.96% over the past year.
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.
Measured over the past years, CM shows a small growth in Revenue. The Revenue has been growing by 6.59% on average per year.
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
Based on estimates for the next years, CM will show a small growth in Earnings Per Share. The EPS will grow by 6.85% on average per year.
The Revenue is expected to grow by 5.16% on average over the next years.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CM is valuated reasonably with a Price/Earnings ratio of 11.68.
Compared to the rest of the industry, the Price/Earnings ratio of CM indicates a somewhat cheap valuation: CM is cheaper than 63.41% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, CM is valued rather cheaply.
A Price/Forward Earnings ratio of 10.70 indicates a reasonable valuation of CM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CM indicates a somewhat cheap valuation: CM is cheaper than 61.15% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CM to the average of the S&P500 Index (22.68), we can say CM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 10.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CM indicates a rather cheap valuation: CM is cheaper than 82.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.14 | ||
| 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)1.28
PEG (5Y)2.64
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 3.18, CM pays a better dividend. On top of this CM pays more dividend than 81.95% of the companies listed in the same industry.
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.
CM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP43.01%
EPS Next 2Y8.99%
EPS Next 3Y6.85%
60.84
-0.78 (-1.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners55.06%
Inst Owner Change-82.13%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap57.34B
Analysts77.39
Price Target68.04 (11.83%)
Short Float %1.42%
Short Ratio12.33
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)1.9%
PT rev (3m)14.87%
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 | 11.68 | ||
| Fwd PE | 10.7 | ||
| P/S | 3.18 | ||
| P/FCF | 8.14 | ||
| P/OCF | 7.34 | ||
| P/B | 1.39 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.21
EY8.56%
EPS(NY)5.69
Fwd EY9.35%
FCF(TTM)7.47
FCFY12.28%
OCF(TTM)8.29
OCFY13.62%
SpS19.14
BVpS43.9
TBVpS37.72
PEG (NY)1.28
PEG (5Y)2.64
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
WACC16.68%
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%