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CAN IMPERIAL BK OF COMMERCE (CM) Stock Fundamental Analysis

NYSE:CM - New York Stock Exchange, Inc. - CA1360691010 - Common Stock - Currency: USD

58.11  -0.85 (-1.44%)

Fundamental Rating

3

Overall CM gets a fundamental rating of 3 out of 10. We evaluated CM against 398 industry peers in the Banks industry. Both the profitability and financial health of CM have multiple concerns. CM has a correct valuation and a medium growth rate. CM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

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.
In the past 5 years CM has always been profitable.
CM had a positive operating cash flow in 4 of the past 5 years.
CM Yearly Net Income VS EBIT VS OCF VS FCFCM 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

With a Return On Assets value of 0.67%, CM is not doing good in the industry: 60.80% of the companies in the same industry are doing better.
CM has a better Return On Equity (11.86%) than 81.16% of its industry peers.
Industry RankSector Rank
ROA 0.67%
ROE 11.86%
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 Yearly ROA, ROE, ROICCM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 27.29%, CM is in the better half of the industry, outperforming 71.86% of the companies in the same industry.
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 RankSector Rank
OM N/A
PM (TTM) 27.29%
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 Yearly Profit, Operating, Gross MarginsCM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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0

2. Health

2.1 Basic Checks

CM does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CM has more shares outstanding
Compared to 5 years ago, CM has more shares outstanding
CM has a worse debt/assets ratio than last year.
CM Yearly Shares OutstandingCM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
CM Yearly Total Debt VS Total AssetsCM 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 has a debt to FCF ratio of 6.55. This is a slightly negative value and a sign of low solvency as CM would need 6.55 years to pay back of all of its debts.
CM's Debt to FCF ratio of 6.55 is on the low side compared to the rest of the industry. CM is outperformed by 71.86% of its industry peers.
CM has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CM (2.69) is worse than 93.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 6.55
Altman-Z N/A
ROIC/WACCN/A
WACC17.02%
CM Yearly LT Debt VS Equity VS FCFCM 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 Yearly Current Assets VS Current LiabilitesCM 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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3. Growth

3.1 Past

CM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.03%, which is quite good.
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 12.89% in the last year.
CM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.59% yearly.
EPS 1Y (TTM)18.03%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%21.55%
Revenue 1Y (TTM)12.89%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%17.04%

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.
Based on estimates for the next years, CM will show a small growth in Revenue. The Revenue will grow by 3.98% on average per year.
EPS Next Y11.92%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue Next Year10.1%
Revenue Next 2Y7.21%
Revenue Next 3Y5.55%
Revenue Next 5Y3.98%

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.
CM Yearly Revenue VS EstimatesCM 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 Yearly EPS VS EstimatesCM 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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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.36, which indicates a very decent valuation of CM.
CM's Price/Earnings ratio is a bit cheaper when compared to the industry. CM is cheaper than 61.81% of the companies in the same industry.
When comparing the Price/Earnings ratio of CM to the average of the S&P500 Index (28.29), we can say CM is valued rather cheaply.
The Price/Forward Earnings ratio is 9.12, which indicates a very decent valuation of CM.
The rest of the industry has a similar Price/Forward Earnings ratio as CM.
CM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.32.
Industry RankSector Rank
PE 10.36
Fwd PE 9.12
CM Price Earnings VS Forward Price EarningsCM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, CM is valued cheaper than 95.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.01
EV/EBITDA N/A
CM Per share dataCM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)0.87
PEG (5Y)2.34
EPS Next 2Y9.33%
EPS Next 3Y7.75%

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5. Dividend

5.1 Amount

CM has a Yearly Dividend Yield of 4.58%, which is a nice return.
CM's Dividend Yield is a higher than the industry average which is at 3.66.
CM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 4.58%

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.
Dividend Growth(5Y)3.04%
Div Incr Years0
Div Non Decr Years0
CM Yearly Dividends per shareCM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

CM pays out 46.04% 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.
DP46.04%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
CM Yearly Income VS Free CF VS DividendCM 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 Dividend Payout.CM Dividend Payout, showing the Payout Ratio.CM Dividend Payout.PayoutRetained Earnings

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CAN IMPERIAL BK OF COMMERCE

NYSE:CM (4/21/2025, 1:38:27 PM)

58.11

-0.85 (-1.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-27 2025-02-27/bmo
Earnings (Next)05-28 2025-05-28/bmo
Inst Owners55.06%
Inst Owner Change0%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap54.63B
Analysts79.13
Price Target68.11 (17.21%)
Short Float %1.79%
Short Ratio16.93
Dividend
Industry RankSector Rank
Dividend Yield 4.58%
Yearly Dividend2.27
Dividend Growth(5Y)3.04%
DP46.04%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-28 2025-03-28 (0.97)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.26%
Min EPS beat(2)3.88%
Max EPS beat(2)8.63%
EPS beat(4)4
Avg EPS beat(4)5.79%
Min EPS beat(4)3%
Max EPS beat(4)8.63%
EPS beat(8)6
Avg EPS beat(8)2.24%
EPS beat(12)7
Avg EPS beat(12)0.12%
EPS beat(16)10
Avg EPS beat(16)1.85%
Revenue beat(2)1
Avg Revenue beat(2)1.28%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)3.13%
Revenue beat(4)2
Avg Revenue beat(4)0.8%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)3.13%
Revenue beat(8)2
Avg Revenue beat(8)-0.72%
Revenue beat(12)3
Avg Revenue beat(12)-1.22%
Revenue beat(16)5
Avg Revenue beat(16)-0.94%
PT rev (1m)1.63%
PT rev (3m)2.01%
EPS NQ rev (1m)-0.32%
EPS NQ rev (3m)6.7%
EPS NY rev (1m)2.6%
EPS NY rev (3m)6.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.07%
Valuation
Industry RankSector Rank
PE 10.36
Fwd PE 9.12
P/S 2.84
P/FCF 3.01
P/OCF 2.89
P/B 1.24
P/tB 1.43
EV/EBITDA N/A
EPS(TTM)5.61
EY9.65%
EPS(NY)6.37
Fwd EY10.96%
FCF(TTM)19.28
FCFY33.18%
OCF(TTM)20.1
OCFY34.6%
SpS20.43
BVpS46.99
TBVpS40.52
PEG (NY)0.87
PEG (5Y)2.34
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 11.86%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.29%
GM N/A
FCFM 94.39%
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 2.69
Debt/FCF 6.55
Debt/EBITDA N/A
Cap/Depr 90.93%
Cap/Sales 4.02%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 345.85%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC17.02%
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)18.03%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%21.55%
EPS Next Y11.92%
EPS Next 2Y9.33%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue 1Y (TTM)12.89%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%17.04%
Revenue Next Year10.1%
Revenue Next 2Y7.21%
Revenue Next 3Y5.55%
Revenue Next 5Y3.98%
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 1Y11.01%
FCF growth 3YN/A
FCF growth 5Y-11.45%
OCF growth 1Y10.13%
OCF growth 3YN/A
OCF growth 5Y-9.86%