CAN IMPERIAL BK OF COMMERCE (CM)
CA1360691010 - Common Stock
Overall CM gets a fundamental rating of 4 out of 10. We evaluated CM against 406 industry peers in the Banks industry. CM has a medium profitability rating, but doesn't score so well on its financial health evaluation. CM has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CM was profitable.
CM had a positive operating cash flow in the past year.
Each year in the past 5 years CM has been profitable.
Of the past 5 years CM 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CM (0.63%) is worse than 62.62% of its industry peers.
With an excellent Return On Equity value of 11.23%, CM belongs to the best of the industry, outperforming 81.44% of the companies in the same industry.
CM has a better Return On Invested Capital (0.51%) than 98.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.63% | ||
| ROE | 11.23% | ||
| ROIC | 0.51% |
ROA(3y)0.62%
ROA(5y)0.62%
ROE(3y)11.57%
ROE(5y)11.32%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CM's Profit Margin of 26.03% is fine compared to the rest of the industry. CM outperforms 69.06% of its industry peers.
CM's Profit Margin has declined in the last couple of years.
CM has a Operating Margin of 28.04%. This is amongst the best in the industry. CM outperforms 99.01% of its industry peers.
CM has a Gross Margin of 85.83%. This is amongst the best in the industry. CM outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.04% | ||
| PM (TTM) | 26.03% | ||
| GM | 85.83% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.18%
PM growth 5Y-6.93%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CM is destroying value.
Compared to 1 year ago, CM has more shares outstanding
Compared to 5 years ago, CM has more shares outstanding
The debt/assets ratio for CM is higher compared to a year ago.
2.2 Solvency
CM has a debt to FCF ratio of 6.74. This is a slightly negative value and a sign of low solvency as CM would need 6.74 years to pay back of all of its debts.
CM has a worse Debt to FCF ratio (6.74) than 67.08% of its industry peers.
A Debt/Equity ratio of 2.70 is on the high side and indicates that CM has dependencies on debt financing.
CM has a worse Debt to Equity ratio (2.70) than 93.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.7 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | N/A |
ROIC/WACC0.04
WACC14.4%
2.3 Liquidity
CM has a Current Ratio of 1.71. This is a normal value and indicates that CM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.71, CM belongs to the top of the industry, outperforming 99.26% of the companies in the same industry.
A Quick Ratio of 1.71 indicates that CM should not have too much problems paying its short term obligations.
CM's Quick ratio of 1.71 is amongst the best of the industry. CM outperforms 99.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.71 |
3. Growth
3.1 Past
CM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.82%, which is quite good.
The Earnings Per Share has been growing slightly by 4.59% on average over the past years.
EPS 1Y (TTM)10.82%
EPS 3Y1.02%
EPS 5Y4.59%
EPS Q2Q%25.36%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.55%
3.2 Future
CM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.89% yearly.
The Revenue is expected to grow by 3.63% on average over the next years.
EPS Next Y4.15%
EPS Next 2Y5.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.11%
Revenue Next 2Y4.21%
Revenue Next 3Y3.8%
Revenue Next 5Y3.63%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.40 indicates a correct valuation of CM.
The rest of the industry has a similar Price/Earnings ratio as CM.
CM is valuated cheaply when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.90, which indicates a very decent valuation of CM.
CM's Price/Forward Earnings ratio is in line with the industry average.
CM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 11.9 |
4.2 Price Multiples
CM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CM is cheaper than 99.01% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CM is valued cheaper than 94.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.79 | ||
| EV/EBITDA | 11.66 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CM does not grow enough to justify the current Price/Earnings ratio.
CM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.99
PEG (5Y)2.7
EPS Next 2Y5.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CM has a Yearly Dividend Yield of 4.00%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.15, CM pays a better dividend. On top of this CM pays more dividend than 81.19% 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 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
The dividend of CM has a limited annual growth rate of 3.04%.
CM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
40.91% of the earnings are spent on dividend by CM. 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.
DP40.91%
EPS Next 2Y5.89%
EPS Next 3YN/A
CAN IMPERIAL BK OF COMMERCE
NYSE:CM (12/20/2024, 8:04:00 PM)
After market: 64.37 0 (0%)64.37
+0.59 (+0.93%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners56.32%
Inst Owner Change11.47%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap60.80B
Analysts74.62
Price Target64.78 (0.64%)
Short Float %1.71%
Short Ratio16.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Dividend Growth(5Y)3.04%
DP40.91%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.32%
Min EPS beat(2)3%
Max EPS beat(2)7.65%
EPS beat(4)3
Avg EPS beat(4)4.14%
Min EPS beat(4)-0.11%
Max EPS beat(4)7.65%
EPS beat(8)5
Avg EPS beat(8)-0.71%
EPS beat(12)6
Avg EPS beat(12)-0.88%
EPS beat(16)10
Avg EPS beat(16)3.03%
Revenue beat(2)1
Avg Revenue beat(2)0.33%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)2.5%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-4.29%
Max Revenue beat(4)2.5%
Revenue beat(8)2
Avg Revenue beat(8)-1.73%
Revenue beat(12)3
Avg Revenue beat(12)-1.48%
Revenue beat(16)5
Avg Revenue beat(16)-1.23%
PT rev (1m)9.36%
PT rev (3m)17.14%
EPS NQ rev (1m)1.49%
EPS NQ rev (3m)3.48%
EPS NY rev (1m)0.35%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)1%
Revenue NQ rev (3m)2.12%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)2.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 11.9 | ||
| P/S | 3.52 | ||
| P/FCF | 3.79 | ||
| P/OCF | 3.63 | ||
| P/B | 1.52 | ||
| P/tB | 1.77 | ||
| EV/EBITDA | 11.66 |
EPS(TTM)5.19
EY8.06%
EPS(NY)5.41
Fwd EY8.4%
FCF(TTM)16.99
FCFY26.4%
OCF(TTM)17.72
OCFY27.52%
SpS18.3
BVpS42.4
TBVpS36.41
PEG (NY)2.99
PEG (5Y)2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.63% | ||
| ROE | 11.23% | ||
| ROCE | 0.8% | ||
| ROIC | 0.51% | ||
| ROICexc | 0.51% | ||
| ROICexgc | 0.53% | ||
| OM | 28.04% | ||
| PM (TTM) | 26.03% | ||
| GM | 85.83% | ||
| FCFM | 92.82% |
ROA(3y)0.62%
ROA(5y)0.62%
ROE(3y)11.57%
ROE(5y)11.32%
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 3Y1.18%
PM growth 5Y-6.93%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.7 | ||
| Debt/FCF | 6.74 | ||
| Debt/EBITDA | 19.05 | ||
| Cap/Depr | 82.79% | ||
| Cap/Sales | 3.97% | ||
| Interest Coverage | 0.19 | ||
| Cash Conversion | 294.75% | ||
| Profit Quality | 356.66% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.71 | ||
| Altman-Z | N/A |
F-Score6
WACC14.4%
ROIC/WACC0.04
Cap/Depr(3y)92.38%
Cap/Depr(5y)67.73%
Cap/Sales(3y)4.54%
Cap/Sales(5y)3.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.82%
EPS 3Y1.02%
EPS 5Y4.59%
EPS Q2Q%25.36%
EPS Next Y4.15%
EPS Next 2Y5.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.55%
Revenue Next Year4.11%
Revenue Next 2Y4.21%
Revenue Next 3Y3.8%
Revenue Next 5Y3.63%
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 1Y8.9%
FCF growth 3Y-42.95%
FCF growth 5Y2.99%
OCF growth 1Y8.5%
OCF growth 3Y-41.37%
OCF growth 5Y4.26%