COMERICA INC (CMA) Stock Fundamental Analysis
USA - NYSE:CMA - US2003401070 - Common Stock
76.5 USD
-0.59 (-0.77%)
76.5 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to CMA. CMA was compared to 390 industry peers in the Banks industry. CMA has a bad profitability rating. Also its financial health evaluation is rather negative. CMA is valued expensive and it does not seem to be growing.
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.
Each year in the past 5 years CMA has been profitable.
CMA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CMA (0.89%) is comparable to the rest of the industry.
CMA has a Return On Equity of 10.09%. This is in the better half of the industry: CMA outperforms 65.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 10.09% | ||
| ROIC | N/A |
ROA(3y)1.05%
ROA(5y)0.98%
ROE(3y)15.08%
ROE(5y)13.13%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CMA (20.88%) is worse than 62.05% of its industry peers.
CMA's Profit Margin has declined in the last couple of years.
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) | 20.88% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-18.65%
PM growth 5Y-10.33%
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 reduced compared to 1 year ago.
Compared to 5 years ago, CMA has less shares outstanding
Compared to 1 year ago, CMA has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CMA is 2.06, which is a good value as it means it would take CMA, 2.06 years of fcf income to pay off all of its debts.
CMA has a Debt to FCF ratio (2.06) which is in line with its industry peers.
CMA has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.40, CMA is not doing good in the industry: 74.36% of the companies in the same industry are doing better.
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 | 0.4 | ||
| Debt/FCF | 2.06 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.5%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for CMA have decreased by -3.41% in the last year.
The Earnings Per Share has been decreasing by -6.99% on average over the past years.
Looking at the last year, CMA shows a small growth in Revenue. The Revenue has grown by 4.37% in the last year.
CMA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.64% yearly.
EPS 1Y (TTM)-3.41%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%1.5%
Revenue 1Y (TTM)4.37%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%3.33%
3.2 Future
Based on estimates for the next years, CMA will show a small growth in Earnings Per Share. The EPS will grow by 1.31% on average per year.
Based on estimates for the next years, CMA will show a small growth in Revenue. The Revenue will grow by 1.52% on average per year.
EPS Next Y-2.67%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
EPS Next 5Y1.31%
Revenue Next Year2.78%
Revenue Next 2Y2.95%
Revenue Next 3Y2.92%
Revenue Next 5Y1.52%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CMA is valuated correctly with a Price/Earnings ratio of 14.22.
CMA's Price/Earnings ratio is a bit more expensive when compared to the industry. CMA is more expensive than 66.92% of the companies in the same industry.
CMA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.10.
Based on the Price/Forward Earnings ratio of 13.60, the valuation of CMA can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMA indicates a slightly more expensive valuation: CMA is more expensive than 72.05% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.52. CMA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 13.6 |
4.2 Price Multiples
CMA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CMA is cheaper than 84.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.28 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.41%
EPS Next 3Y3.72%
5. Dividend
5.1 Amount
CMA has a Yearly Dividend Yield of 3.68%.
CMA's Dividend Yield is a higher than the industry average which is at 3.52.
Compared to an average S&P500 Dividend Yield of 2.37, CMA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
The dividend of CMA has a limited annual growth rate of 2.70%.
CMA has been paying a dividend for at least 10 years, so it has a reliable track record.
CMA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)2.7%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
CMA pays out 57.80% of its income as dividend. This is a bit on the high side, but may be sustainable.
CMA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP57.8%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
76.5
-0.59 (-0.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners96.4%
Inst Owner Change-0.07%
Ins Owners0.82%
Ins Owner Change-0.37%
Market Cap9.76B
Revenue(TTM)3.34B
Net Income(TTM)692.00M
Analysts54.19
Price Target77.46 (1.25%)
Short Float %4.95%
Short Ratio2.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend3.04
Dividend Growth(5Y)2.7%
DP57.8%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.38%
Min EPS beat(2)9.73%
Max EPS beat(2)13.02%
EPS beat(4)4
Avg EPS beat(4)10.26%
Min EPS beat(4)5.23%
Max EPS beat(4)13.07%
EPS beat(8)8
Avg EPS beat(8)11.56%
EPS beat(12)12
Avg EPS beat(12)8.6%
EPS beat(16)15
Avg EPS beat(16)7.93%
Revenue beat(2)0
Avg Revenue beat(2)-0.72%
Min Revenue beat(2)-1.27%
Max Revenue beat(2)-0.18%
Revenue beat(4)0
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)-0.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.76%
Revenue beat(12)6
Avg Revenue beat(12)-0.83%
Revenue beat(16)9
Avg Revenue beat(16)-0.61%
PT rev (1m)11.22%
PT rev (3m)24.38%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)0.07%
EPS NY rev (1m)0.4%
EPS NY rev (3m)0.86%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 13.6 | ||
| P/S | 2.95 | ||
| P/FCF | 7.28 | ||
| P/OCF | 6.76 | ||
| P/B | 1.42 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.38
EY7.03%
EPS(NY)5.63
Fwd EY7.35%
FCF(TTM)10.51
FCFY13.74%
OCF(TTM)11.32
OCFY14.79%
SpS25.97
BVpS53.77
TBVpS53.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number80.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 10.09% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 20.88% | ||
| GM | N/A | ||
| FCFM | 40.46% |
ROA(3y)1.05%
ROA(5y)0.98%
ROE(3y)15.08%
ROE(5y)13.13%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-18.65%
PM growth 5Y-10.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.06 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 104.04% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 193.79% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC13.5%
ROIC/WACCN/A
Cap/Depr(3y)141.46%
Cap/Depr(5y)113.65%
Cap/Sales(3y)3.77%
Cap/Sales(5y)3.27%
Profit Quality(3y)81.63%
Profit Quality(5y)94.1%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.41%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%1.5%
EPS Next Y-2.67%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
EPS Next 5Y1.31%
Revenue 1Y (TTM)4.37%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%3.33%
Revenue Next Year2.78%
Revenue Next 2Y2.95%
Revenue Next 3Y2.92%
Revenue Next 5Y1.52%
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 1Y11.56%
FCF growth 3Y-7.39%
FCF growth 5Y-14.9%
OCF growth 1Y11.33%
OCF growth 3Y-1.77%
OCF growth 5Y-11.23%
COMERICA INC / CMA FAQ
What is the ChartMill fundamental rating of COMERICA INC (CMA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to CMA.
What is the valuation status for CMA stock?
ChartMill assigns a valuation rating of 3 / 10 to COMERICA INC (CMA). This can be considered as Overvalued.
How profitable is COMERICA INC (CMA) stock?
COMERICA INC (CMA) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for CMA stock?
The Earnings per Share (EPS) of COMERICA INC (CMA) is expected to decline by -2.67% in the next year.
How sustainable is the dividend of COMERICA INC (CMA) stock?
The dividend rating of COMERICA INC (CMA) is 6 / 10 and the dividend payout ratio is 57.8%.