COMERICA INC (CMA)
US2003401070 - Common Stock
Overall CMA gets a fundamental rating of 3 out of 10. We evaluated CMA against 404 industry peers in the Banks industry. CMA has a bad profitability rating. Also its financial health evaluation is rather negative. CMA has a valuation in line with the averages, but it does not seem to be growing. CMA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CMA had positive earnings in the past year.
CMA had a positive operating cash flow in the past year.
CMA had positive earnings in each of the past 5 years.
Each year in the past 5 years CMA had a positive operating cash flow.
1.2 Ratios
CMA's Return On Assets of 0.67% is on the low side compared to the rest of the industry. CMA is outperformed by 60.85% of its industry peers.
CMA has a Return On Equity (7.26%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 7.26% | ||
| ROIC | N/A |
ROA(3y)1.17%
ROA(5y)1.14%
ROE(3y)16.47%
ROE(5y)14.34%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 16.71%, CMA is not doing good in the industry: 69.83% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of CMA has declined.
The Operating Margin and Gross Margin are not available for CMA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 16.71% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.83%
PM growth 5Y-8.4%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CMA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CMA has been increased compared to 1 year ago.
The number of shares outstanding for CMA has been reduced compared to 5 years ago.
The debt/assets ratio for CMA has been reduced compared to a year ago.
2.2 Solvency
CMA has a debt to FCF ratio of 1.46. This is a very positive value and a sign of high solvency as it would only need 1.46 years to pay back of all of its debts.
The Debt to FCF ratio of CMA (1.46) is better than 69.08% of its industry peers.
CMA has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
CMA has a Debt to Equity ratio of 0.38. This is in the lower half of the industry: CMA underperforms 68.33% of its industry peers.
Although CMA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.46 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.91%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CMA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.85%.
Measured over the past 5 years, CMA shows a small growth in Earnings Per Share. The EPS has been growing by 1.13% on average per year.
Looking at the last year, CMA shows a very negative growth in Revenue. The Revenue has decreased by -16.42% in the last year.
The Revenue has been growing slightly by 1.54% on average over the past years.
EPS 1Y (TTM)-36.85%
EPS 3Y33.04%
EPS 5Y1.13%
EPS Q2Q%-27.72%
Revenue 1Y (TTM)-16.42%
Revenue growth 3Y7.25%
Revenue growth 5Y1.54%
Sales Q2Q%-9.49%
3.2 Future
The Earnings Per Share is expected to decrease by -3.90% on average over the next years.
CMA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.32% yearly.
EPS Next Y-33.35%
EPS Next 2Y-15.21%
EPS Next 3Y-6.18%
EPS Next 5Y-3.9%
Revenue Next Year-10.18%
Revenue Next 2Y-2.74%
Revenue Next 3Y-0.57%
Revenue Next 5Y0.32%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 12.37, CMA is valued correctly.
CMA's Price/Earnings ratio is a bit cheaper when compared to the industry. CMA is cheaper than 69.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.96, CMA is valued rather cheaply.
The Price/Forward Earnings ratio is 12.45, which indicates a correct valuation of CMA.
The rest of the industry has a similar Price/Forward Earnings ratio as CMA.
The average S&P500 Price/Forward Earnings ratio is at 23.82. CMA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.37 | ||
| Fwd PE | 12.45 |
4.2 Price Multiples
CMA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CMA is cheaper than 93.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.77 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CMA's earnings are expected to decrease with -6.18% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)10.97
EPS Next 2Y-15.21%
EPS Next 3Y-6.18%
5. Dividend
5.1 Amount
CMA has a Yearly Dividend Yield of 4.05%, which is a nice return.
CMA's Dividend Yield is rather good when compared to the industry average which is at 3.02. CMA pays more dividend than 83.54% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, CMA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
On average, the dividend of CMA grows each year by 13.67%, which is quite nice.
CMA has been paying a dividend for at least 10 years, so it has a reliable track record.
As CMA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)13.67%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
CMA pays out 74.39% of its income as dividend. This is not a sustainable payout ratio.
CMA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP74.39%
EPS Next 2Y-15.21%
EPS Next 3Y-6.18%
COMERICA INC
NYSE:CMA (11/21/2024, 8:20:00 PM)
After market: 68.9 0 (0%)68.9
+1.02 (+1.5%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.06B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.37 | ||
| Fwd PE | 12.45 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)10.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 7.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 16.71% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-36.85%
EPS 3Y33.04%
EPS 5Y
EPS Q2Q%
EPS Next Y-33.35%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-16.42%
Revenue growth 3Y7.25%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y