CAN IMPERIAL BK OF COMMERCE (CM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CM - CA1360691010 - Common Stock
86.13 USD
+0.45 (+0.53%)
86.15 USD
+0.02 (+0.02%)
We assign a fundamental rating of 3 out of 10 to CM. CM was compared to 387 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
CM had positive earnings in the past year.
CM had a positive operating cash flow in the past year.
CM had positive earnings in each of the past 5 years.
CM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
CM has a Return On Assets of 0.71%. This is in the lower half of the industry: CM underperforms 64.34% of its industry peers.
With an excellent Return On Equity value of 12.47%, CM belongs to the best of the industry, outperforming 82.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 12.47% | ||
| 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 27.72%. This is in the better half of the industry: CM outperforms 70.80% of 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) | 27.72% | ||
| 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 11.10. This is a negative value and a sign of low solvency as CM would need 11.10 years to pay back of all of its debts.
CM has a worse Debt to FCF ratio (11.10) than 78.29% of its industry peers.
CM has a Debt/Equity ratio of 2.87. This is a high value indicating a heavy dependency on external financing.
CM's Debt to Equity ratio of 2.87 is on the low side compared to the rest of the industry. CM is outperformed by 92.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.87 | ||
| Debt/FCF | 11.1 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.89%
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 17.85% over the past year.
CM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.42% yearly.
The Revenue has grown by 13.44% in the past year. This is quite good.
The Revenue has been growing slightly by 6.59% on average over the past years.
EPS 1Y (TTM)17.85%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%11.92%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%9.84%
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 3.09% on average per year.
The Revenue is expected to grow by 3.89% on average over the next years.
EPS Next Y17.65%
EPS Next 2Y12.41%
EPS Next 3Y11.08%
EPS Next 5Y3.09%
Revenue Next Year12.75%
Revenue Next 2Y7.89%
Revenue Next 3Y6.28%
Revenue Next 5Y3.89%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.50, which indicates a correct valuation of CM.
66.41% of the companies in the same industry are cheaper than CM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.31, CM is valued a bit cheaper.
With a Price/Forward Earnings ratio of 12.91, CM is valued correctly.
69.25% of the companies in the same industry are cheaper than CM, based on the Price/Forward Earnings ratio.
CM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.5 | ||
| Fwd PE | 12.91 |
4.2 Price Multiples
CM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CM is cheaper than 85.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.93 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.82
PEG (5Y)3.28
EPS Next 2Y12.41%
EPS Next 3Y11.08%
5. Dividend
5.1 Amount
CM has a Yearly Dividend Yield of 3.23%.
CM's Dividend Yield is a higher than the industry average which is at 3.15.
Compared to an average S&P500 Dividend Yield of 2.32, CM pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
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.
The dividend of CM decreased recently.
Dividend Growth(5Y)3.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CM pays out 49.33% of its income as dividend. This is a bit on the high side, but may be sustainable.
CM's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP49.33%
EPS Next 2Y12.41%
EPS Next 3Y11.08%
86.13
+0.45 (+0.53%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners53.14%
Inst Owner Change-1.57%
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap79.99B
Revenue(TTM)28.17B
Net Income(TTM)7.81B
Analysts76.52
Price Target82.44 (-4.28%)
Short Float %1.2%
Short Ratio12.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
Yearly Dividend2.24
Dividend Growth(5Y)3.04%
DP49.33%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.97%
Min EPS beat(2)4.83%
Max EPS beat(2)5.12%
EPS beat(4)4
Avg EPS beat(4)5.62%
Min EPS beat(4)3.88%
Max EPS beat(4)8.63%
EPS beat(8)7
Avg EPS beat(8)4.88%
EPS beat(12)9
Avg EPS beat(12)1.4%
EPS beat(16)10
Avg EPS beat(16)0.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)0.06%
Revenue beat(4)2
Avg Revenue beat(4)0.37%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.13%
Revenue beat(8)3
Avg Revenue beat(8)-0.28%
Revenue beat(12)4
Avg Revenue beat(12)-1.03%
Revenue beat(16)5
Avg Revenue beat(16)-1.02%
PT rev (1m)1.5%
PT rev (3m)7.99%
EPS NQ rev (1m)1.41%
EPS NQ rev (3m)3.63%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)2.14%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)1.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.5 | ||
| Fwd PE | 12.91 | ||
| P/S | 3.98 | ||
| P/FCF | 6.93 | ||
| P/OCF | 6.49 | ||
| P/B | 1.79 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.94
EY6.9%
EPS(NY)6.67
Fwd EY7.75%
FCF(TTM)12.42
FCFY14.43%
OCF(TTM)13.28
OCFY15.42%
SpS21.64
BVpS48.09
TBVpS41.75
PEG (NY)0.82
PEG (5Y)3.28
Graham Number80.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 12.47% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.72% | ||
| GM | N/A | ||
| FCFM | 57.4% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.87 | ||
| Debt/FCF | 11.1 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 97.46% | ||
| Cap/Sales | 3.95% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 207.11% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC16.89%
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)17.85%
EPS 3Y0.75%
EPS 5Y4.42%
EPS Q2Q%11.92%
EPS Next Y17.65%
EPS Next 2Y12.41%
EPS Next 3Y11.08%
EPS Next 5Y3.09%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y8.56%
Revenue growth 5Y6.59%
Sales Q2Q%9.84%
Revenue Next Year12.75%
Revenue Next 2Y7.89%
Revenue Next 3Y6.28%
Revenue Next 5Y3.89%
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 1Y107.43%
FCF growth 3YN/A
FCF growth 5Y-11.45%
OCF growth 1Y93.95%
OCF growth 3YN/A
OCF growth 5Y-9.86%
CAN IMPERIAL BK OF COMMERCE / CM FAQ
What is the fundamental rating for CM stock?
ChartMill assigns a fundamental rating of 3 / 10 to CM.
Can you provide the valuation status for CAN IMPERIAL BK OF COMMERCE?
ChartMill assigns a valuation rating of 4 / 10 to CAN IMPERIAL BK OF COMMERCE (CM). This can be considered as Fairly Valued.
What is the profitability of CM stock?
CAN IMPERIAL BK OF COMMERCE (CM) has a profitability rating of 3 / 10.
How financially healthy is CAN IMPERIAL BK OF COMMERCE?
The financial health rating of CAN IMPERIAL BK OF COMMERCE (CM) is 0 / 10.
Is the dividend of CAN IMPERIAL BK OF COMMERCE sustainable?
The dividend rating of CAN IMPERIAL BK OF COMMERCE (CM) is 5 / 10 and the dividend payout ratio is 49.33%.