CAN IMPERIAL BK OF COMMERCE (CM.CA) Stock Fundamental Analysis
TSX:CM - Toronto Stock Exchange - CA1360691010 - Common Stock - Currency: CAD
We assign a fundamental rating of 3 out of 10 to CM. CM was compared to 29 industry peers in the Banks industry. Both the profitability and financial health of CM have multiple concerns. CM is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CM had positive earnings in the past year.
CM had a positive operating cash flow in the past year.
Each year in the past 5 years CM has been profitable.
CM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
CM has a Return On Assets of 0.69%. This is in the lower half of the industry: CM underperforms 65.52% of its industry peers.
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 (27.32%) which is in line with its industry peers.
CM's Profit Margin has been stable in the last couple of years.
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.
CM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CM is higher compared to a year ago.
2.2 Solvency
CM has a debt to FCF ratio of 7.47. This is a slightly negative value and a sign of low solvency as CM would need 7.47 years to pay back of all of its debts.
CM has a Debt to FCF ratio (7.47) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.74 is on the high side and indicates that CM has dependencies on debt financing.
The Debt to Equity ratio of CM (2.74) is worse 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
WACC16.46%
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 21.65%, which is quite impressive.
The Earnings Per Share has been growing slightly by 4.42% on average over the past years.
CM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.30%.
Measured over the past years, CM shows a small growth in Revenue. The Revenue has been growing by 6.59% on average per year.
EPS 1Y (TTM)21.65%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%17.14%
Revenue 1Y (TTM)14.3%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%13.92%
3.2 Future
CM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.75% yearly.
CM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.36% yearly.
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 5Y4.36%
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 12.37, the valuation of CM can be described as correct.
CM's Price/Earnings ratio is a bit more expensive when compared to the industry. CM is more expensive than 79.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, CM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.31, the valuation of CM can be described as reasonable.
82.76% of the companies in the same industry are cheaper than CM, based on the Price/Forward Earnings ratio.
CM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.37 | ||
| Fwd PE | 11.31 |
4.2 Price Multiples
62.07% of the companies in the same industry are cheaper than CM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.16 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.04
PEG (5Y)2.8
EPS Next 2Y9.33%
EPS Next 3Y7.75%
5. Dividend
5.1 Amount
CM has a Yearly Dividend Yield of 3.90%.
CM's Dividend Yield is slightly below the industry average, which is at 4.65.
CM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.9% |
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.
CM has decreased its dividend recently.
Dividend Growth(5Y)3.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
49.64% of the earnings are spent on dividend by CM. This is a bit on the high side, but may be sustainable.
The dividend of CM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.64%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
TSX:CM (7/11/2025, 7:00:00 PM)
100.04
-0.3 (-0.3%)
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 Cap94.05B
Analysts75.83
Price Target102.49 (2.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.9% |
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)6.67%
PT rev (3m)4.65%
EPS NQ rev (1m)0.56%
EPS NQ rev (3m)0.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.15%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.37 | ||
| Fwd PE | 11.31 | ||
| P/S | 3.42 | ||
| P/FCF | 4.16 | ||
| P/OCF | 3.97 | ||
| P/B | 1.53 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.09
EY8.09%
EPS(NY)8.85
Fwd EY8.84%
FCF(TTM)24.05
FCFY24.04%
OCF(TTM)25.23
OCFY25.21%
SpS29.28
BVpS65.59
TBVpS56.86
PEG (NY)1.04
PEG (5Y)2.8
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
WACC16.46%
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)21.65%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%17.14%
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%13.92%
Revenue Next Year10.2%
Revenue Next 2Y6.9%
Revenue Next 3Y5.58%
Revenue Next 5Y4.36%
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%