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CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) Stock Fundamental Analysis

Canada - TSX:CM-PR-P - CA1360694246

25 CAD
+0.01 (+0.04%)
Last: 1/31/2025, 7:00:00 PM
Fundamental Rating

3

Overall CM-PR-P gets a fundamental rating of 3 out of 10. We evaluated CM-PR-P against 26 industry peers in the Banks industry. Both the profitability and financial health of CM-PR-P have multiple concerns. CM-PR-P has a correct valuation and a medium growth rate. Finally CM-PR-P also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

CM-PR-P had positive earnings in the past year.
In the past year CM-PR-P had a positive cash flow from operations.
Each year in the past 5 years CM-PR-P has been profitable.
Of the past 5 years CM-PR-P 4 years had a positive operating cash flow.
CM-PR-P.CA Yearly Net Income VS EBIT VS OCF VS FCFCM-PR-P.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

1.2 Ratios

CM-PR-P has a Return On Assets (0.66%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 11.67%, CM-PR-P is in line with its industry, outperforming 57.14% of the companies in the same industry.
Industry RankSector 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
CM-PR-P.CA Yearly ROA, ROE, ROICCM-PR-P.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

CM-PR-P has a Profit Margin of 26.76%. This is comparable to the rest of the industry: CM-PR-P outperforms 54.29% of its industry peers.
In the last couple of years the Profit Margin of CM-PR-P has remained more or less at the same level.
CM-PR-P does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector 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
CM-PR-P.CA Yearly Profit, Operating, Gross MarginsCM-PR-P.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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0

2. Health

2.1 Basic Checks

CM-PR-P does not have a ROIC to compare to the WACC, probably because it is not profitable.
CM-PR-P has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CM-PR-P has more shares outstanding
Compared to 1 year ago, CM-PR-P has a worse debt to assets ratio.
CM-PR-P.CA Yearly Shares OutstandingCM-PR-P.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
CM-PR-P.CA Yearly Total Debt VS Total AssetsCM-PR-P.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B 1T

2.2 Solvency

CM-PR-P has a debt to FCF ratio of 14.73. This is a negative value and a sign of low solvency as CM-PR-P would need 14.73 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.73, CM-PR-P is doing worse than 62.86% of the companies in the same industry.
A Debt/Equity ratio of 2.51 is on the high side and indicates that CM-PR-P has dependencies on debt financing.
The Debt to Equity ratio of CM-PR-P (2.51) is worse than 62.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.51
Debt/FCF 14.73
Altman-Z N/A
ROIC/WACCN/A
WACC19.58%
CM-PR-P.CA Yearly LT Debt VS Equity VS FCFCM-PR-P.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CM-PR-P.CA Yearly Current Assets VS Current LiabilitesCM-PR-P.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

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4

3. Growth

3.1 Past

CM-PR-P shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.96%, which is quite good.
Measured over the past 5 years, CM-PR-P shows a small growth in Earnings Per Share. The EPS has been growing by 4.42% on average per year.
Looking at the last year, CM-PR-P shows a quite strong growth in Revenue. The Revenue has grown by 9.76% in the last year.
Measured over the past years, CM-PR-P 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

The Earnings Per Share is expected to grow by 4.29% on average over the next years.
CM-PR-P is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.16% yearly.
EPS Next Y8.71%
EPS Next 2Y8.63%
EPS Next 3Y4.29%
EPS Next 5YN/A
Revenue Next Year7.15%
Revenue Next 2Y6.26%
Revenue Next 3Y4.89%
Revenue Next 5Y5.16%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same 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.
CM-PR-P.CA Yearly Revenue VS EstimatesCM-PR-P.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
CM-PR-P.CA Yearly EPS VS EstimatesCM-PR-P.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 3.38, which indicates a rather cheap valuation of CM-PR-P.
CM-PR-P's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.20, CM-PR-P is valued rather cheaply.
The Price/Forward Earnings ratio is 3.11, which indicates a rather cheap valuation of CM-PR-P.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CM-PR-P is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of CM-PR-P to the average of the S&P500 Index (22.71), we can say CM-PR-P is valued rather cheaply.
Industry RankSector Rank
PE 3.38
Fwd PE 3.11
CM-PR-P.CA Price Earnings VS Forward Price EarningsCM-PR-P.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CM-PR-P's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 2.36
EV/EBITDA N/A
CM-PR-P.CA Per share dataCM-PR-P.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.39
PEG (5Y)0.76
EPS Next 2Y8.63%
EPS Next 3Y4.29%

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7

5. Dividend

5.1 Amount

CM-PR-P has a Yearly Dividend Yield of 4.15%, which is a nice return.
Compared to an average industry Dividend Yield of 4.25, CM-PR-P has a dividend in line with its industry peers.
CM-PR-P's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

The dividend of CM-PR-P has a limited annual growth rate of 3.04%.
CM-PR-P has been paying a dividend for at least 10 years, so it has a reliable track record.
CM-PR-P has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.04%
Div Incr Years0
Div Non Decr Years4
CM-PR-P.CA Yearly Dividends per shareCM-PR-P.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

43.01% of the earnings are spent on dividend by CM-PR-P. This is a bit on the high side, but may be sustainable.
The dividend of CM-PR-P is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.01%
EPS Next 2Y8.63%
EPS Next 3Y4.29%
CM-PR-P.CA Yearly Income VS Free CF VS DividendCM-PR-P.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B
CM-PR-P.CA Dividend Payout.CM-PR-P.CA Dividend Payout, showing the Payout Ratio.CM-PR-P.CA Dividend Payout.PayoutRetained Earnings

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CANADIAN IMPERIAL BANK - CM 3.909 PERP

TSX:CM-PR-P (1/31/2025, 7:00:00 PM)

25

+0.01 (+0.04%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)12-05 2024-12-05/bmo
Earnings (Next)02-27 2025-02-27/bmo
Inst Owners56.32%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap23.61B
Analysts77.39
Price Target26.7 (6.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend3.15
Dividend Growth(5Y)3.04%
DP43.01%
Div Incr Years0
Div Non Decr Years4
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)2.39%
PT rev (3m)16%
EPS NQ rev (1m)3.11%
EPS NQ rev (3m)10.98%
EPS NY rev (1m)3.57%
EPS NY rev (3m)3.83%
Revenue NQ rev (1m)1.73%
Revenue NQ rev (3m)6.29%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)3.12%
Valuation
Industry RankSector Rank
PE 3.38
Fwd PE 3.11
P/S 0.92
P/FCF 2.36
P/OCF 2.13
P/B 0.4
P/tB 0.47
EV/EBITDA N/A
EPS(TTM)7.4
EY29.6%
EPS(NY)8.04
Fwd EY32.18%
FCF(TTM)10.59
FCFY42.34%
OCF(TTM)11.74
OCFY46.95%
SpS27.11
BVpS62.18
TBVpS53.42
PEG (NY)0.39
PEG (5Y)0.76
Profitability
Industry RankSector 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 RankSector 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
WACC19.58%
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 Y8.71%
EPS Next 2Y8.63%
EPS Next 3Y4.29%
EPS Next 5YN/A
Revenue 1Y (TTM)9.76%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%13.23%
Revenue Next Year7.15%
Revenue Next 2Y6.26%
Revenue Next 3Y4.89%
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%