CAN IMPERIAL BK OF COMMERCE (CM.CA) Stock Fundamental Analysis
TSX:CM - Toronto Stock Exchange - CA1360691010 - Common Stock - Currency: CAD
Taking everything into account, CM scores 3 out of 10 in our fundamental rating. CM was compared to 29 industry peers in the Banks industry. CM may be in some trouble as it scores bad on both profitability and health. CM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CM had positive earnings in the past year.
In the past year CM had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 0.69%, CM is doing worse than 68.97% of the companies in the same industry.
With a Return On Equity value of 12.19%, CM perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.19% | ||
| 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 Profit Margin of 27.32%. This is comparable to the rest of the industry: CM outperforms 51.72% of its industry peers.
In the last couple of years the Profit Margin of CM has remained more or less at the same level.
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) | 27.32% | ||
| 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.
The number of shares outstanding for CM has been increased compared to 1 year ago.
Compared to 5 years ago, CM has more shares outstanding
Compared to 1 year ago, CM has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CM is 7.47, which is on the high side as it means it would take CM, 7.47 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 7.47, CM perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
CM has a Debt/Equity ratio of 2.74. This is a high value indicating a heavy dependency on external financing.
CM has a worse Debt to Equity ratio (2.74) than 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 7.47 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC17.13%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.76%, which is quite impressive.
CM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.42% yearly.
CM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.30%.
CM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.59% yearly.
EPS 1Y (TTM)20.76%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%13.74%
Revenue 1Y (TTM)14.3%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%10.77%
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 7.75% on average per year.
Based on estimates for the next years, CM will show a small growth in Revenue. The Revenue will grow by 4.05% on average per year.
EPS Next Y11.92%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue Next Year10.2%
Revenue Next 2Y6.9%
Revenue Next 3Y5.58%
Revenue Next 5Y4.05%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.62, the valuation of CM can be described as reasonable.
Based on the Price/Earnings ratio, CM is valued a bit more expensive than the industry average as 79.31% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.57. CM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.55, the valuation of CM can be described as reasonable.
Based on the Price/Forward Earnings ratio, CM is valued more expensive than 82.76% of the companies in the same industry.
CM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.41, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.62 | ||
| Fwd PE | 10.55 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CM is valued a bit more expensive than the industry average as 65.52% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.88 | ||
| EV/EBITDA | N/A |
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)0.98
PEG (5Y)2.63
EPS Next 2Y9.33%
EPS Next 3Y7.75%
5. Dividend
5.1 Amount
CM has a Yearly Dividend Yield of 4.10%, which is a nice return.
Compared to an average industry Dividend Yield of 4.02, CM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, CM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
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.
CM has decreased its dividend recently.
Dividend Growth(5Y)3.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CM pays out 49.64% 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.
DP49.64%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
TSX:CM (6/16/2025, 7:00:00 PM)
93.32
+0.71 (+0.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners54.56%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap87.73B
Analysts76.52
Price Target99.27 (6.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
Yearly Dividend3.15
Dividend Growth(5Y)3.04%
DP49.64%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.35%
Min EPS beat(2)2.06%
Max EPS beat(2)8.63%
EPS beat(4)4
Avg EPS beat(4)5.56%
Min EPS beat(4)2.06%
Max EPS beat(4)8.63%
EPS beat(8)6
Avg EPS beat(8)2.34%
EPS beat(12)8
Avg EPS beat(12)0.58%
EPS beat(16)10
Avg EPS beat(16)1%
Revenue beat(2)1
Avg Revenue beat(2)-0.37%
Min Revenue beat(2)-3.88%
Max Revenue beat(2)3.13%
Revenue beat(4)2
Avg Revenue beat(4)0.3%
Min Revenue beat(4)-3.88%
Max Revenue beat(4)3.13%
Revenue beat(8)2
Avg Revenue beat(8)-0.84%
Revenue beat(12)3
Avg Revenue beat(12)-1.46%
Revenue beat(16)4
Avg Revenue beat(16)-1.21%
PT rev (1m)3.32%
PT rev (3m)2.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.27%
EPS NY rev (1m)0%
EPS NY rev (3m)2.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.62 | ||
| Fwd PE | 10.55 | ||
| P/S | 3.19 | ||
| P/FCF | 3.88 | ||
| P/OCF | 3.7 | ||
| P/B | 1.42 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.03
EY8.6%
EPS(NY)8.85
Fwd EY9.48%
FCF(TTM)24.05
FCFY25.77%
OCF(TTM)25.23
OCFY27.03%
SpS29.28
BVpS65.59
TBVpS56.86
PEG (NY)0.98
PEG (5Y)2.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.32% | ||
| GM | N/A | ||
| FCFM | 82.14% |
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 Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 7.47 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 94.37% | ||
| Cap/Sales | 4.02% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 300.64% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC17.13%
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)20.76%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%13.74%
EPS Next Y11.92%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue 1Y (TTM)14.3%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%10.77%
Revenue Next Year10.2%
Revenue Next 2Y6.9%
Revenue Next 3Y5.58%
Revenue Next 5Y4.05%
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 1Y1.81%
FCF growth 3YN/A
FCF growth 5Y-11.45%
OCF growth 1Y1.54%
OCF growth 3YN/A
OCF growth 5Y-9.86%