CAN IMPERIAL BK OF COMMERCE (CM.CA) Stock Fundamental Analysis
TSX:CM - CA1360691010 - Common Stock
106.47 CAD
+0.38 (+0.36%)
CM gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 27 industry peers in the Banks industry. CM has a bad profitability rating. Also its financial health evaluation is rather negative. CM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CM was profitable.
CM had a positive operating cash flow in the past year.
CM had positive earnings in each of the past 5 years.
Of the past 5 years CM 4 years had a positive operating cash flow.
1.2 Ratios
CM has a Return On Assets (0.69%) which is comparable to the rest of the industry.
CM has a Return On Equity (12.19%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.19% | ||
| ROIC | N/A |
ROA(3y)0.59%
ROA(5y)0.6%
ROE(3y)10.89%
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 in the lower half of the industry: CM underperforms 66.67% of its industry peers.
In the last couple of years the Profit Margin of CM has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for CM so they could not be analyzed.
| 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.
CM has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CM has more shares outstanding
CM has a worse debt/assets ratio than last year.
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.
CM has a Debt to FCF ratio (7.47) which is in line with its industry peers.
A Debt/Equity ratio of 2.74 is on the high side and indicates that CM has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.74, CM is doing worse than 85.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 7.47 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.33%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.86% over the past year.
Measured over the past 5 years, CM 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 shows a quite strong growth in Revenue. The Revenue has grown by 9.75% in the last year.
The Revenue has been growing slightly by 6.59% on average over the past years.
EPS 1Y (TTM)17.86%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%11.97%
Revenue 1Y (TTM)9.75%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%10.05%
3.2 Future
Based on estimates for the next years, CM will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.72% on average per year.
The Revenue is expected to grow by 3.66% on average over the next years.
EPS Next Y15.05%
EPS Next 2Y10.21%
EPS Next 3Y9.72%
EPS Next 5YN/A
Revenue Next Year10.91%
Revenue Next 2Y6.87%
Revenue Next 3Y5.51%
Revenue Next 5Y3.66%
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 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 12.80, the valuation of CM can be described as correct.
Based on the Price/Earnings ratio, CM is valued expensively inside the industry as 81.48% of the companies are valued cheaper.
CM is valuated cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
CM is valuated reasonably with a Price/Forward Earnings ratio of 11.85.
Based on the Price/Forward Earnings ratio, CM is valued expensively inside the industry as 85.19% of the companies are valued cheaper.
The average S&P500 Price/Forward Earnings ratio is at 22.48. CM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 11.85 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as CM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.39 | ||
| 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)0.85
PEG (5Y)2.89
EPS Next 2Y10.21%
EPS Next 3Y9.72%
5. Dividend
5.1 Amount
CM has a Yearly Dividend Yield of 3.66%.
Compared to an average industry Dividend Yield of 3.64, CM has a dividend in line with its industry peers.
CM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
5.2 History
The dividend of CM has a limited annual growth rate of 3.04%.
CM has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CM decreased 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 2Y10.21%
EPS Next 3Y9.72%
TSX:CM (9/2/2025, 7:00:00 PM)
106.47
+0.38 (+0.36%)
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 Cap99.18B
Analysts75.83
Price Target105.94 (-0.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
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)6.87%
Min EPS beat(2)5.12%
Max EPS beat(2)8.63%
EPS beat(4)4
Avg EPS beat(4)6.32%
Min EPS beat(4)3.88%
Max EPS beat(4)8.63%
EPS beat(8)6
Avg EPS beat(8)2.72%
EPS beat(12)8
Avg EPS beat(12)0.84%
EPS beat(16)10
Avg EPS beat(16)1.19%
Revenue beat(2)1
Avg Revenue beat(2)0.99%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)3.13%
Revenue beat(4)2
Avg Revenue beat(4)0.98%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.13%
Revenue beat(8)2
Avg Revenue beat(8)-0.49%
Revenue beat(12)3
Avg Revenue beat(12)-1.23%
Revenue beat(16)4
Avg Revenue beat(16)-1.04%
PT rev (1m)3.03%
PT rev (3m)10.26%
EPS NQ rev (1m)1.48%
EPS NQ rev (3m)2.05%
EPS NY rev (1m)2.8%
EPS NY rev (3m)2.8%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 11.85 | ||
| P/S | 3.6 | ||
| P/FCF | 4.39 | ||
| P/OCF | 4.18 | ||
| P/B | 1.61 | ||
| P/tB | 1.86 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.32
EY7.81%
EPS(NY)8.99
Fwd EY8.44%
FCF(TTM)24.27
FCFY22.79%
OCF(TTM)25.46
OCFY23.91%
SpS29.55
BVpS66.2
TBVpS57.38
PEG (NY)0.85
PEG (5Y)2.89
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)10.89%
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
WACC16.33%
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)246.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.86%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%11.97%
EPS Next Y15.05%
EPS Next 2Y10.21%
EPS Next 3Y9.72%
EPS Next 5YN/A
Revenue 1Y (TTM)9.75%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%10.05%
Revenue Next Year10.91%
Revenue Next 2Y6.87%
Revenue Next 3Y5.51%
Revenue Next 5Y3.66%
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%