COMERICA INC (CMA) Stock Fundamental Analysis
NYSE:CMA - New York Stock Exchange, Inc. - US2003401070 - Common Stock - Currency: USD
CMA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. CMA has a bad profitability rating. Also its financial health evaluation is rather negative. CMA has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally CMA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CMA had positive earnings in the past year.
CMA had a positive operating cash flow in the past year.
CMA had positive earnings in each of the past 5 years.
CMA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.91%, CMA is in line with its industry, outperforming 55.95% of the companies in the same industry.
CMA has a Return On Equity of 10.00%. This is in the better half of the industry: CMA outperforms 65.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 10% | ||
| ROIC | N/A |
ROA(3y)1.05%
ROA(5y)0.98%
ROE(3y)15.08%
ROE(5y)13.13%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CMA's Profit Margin of 21.44% is in line compared to the rest of the industry. CMA outperforms 41.77% of its industry peers.
CMA's Profit Margin has declined in the last couple of years.
CMA 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) | 21.44% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-18.65%
PM growth 5Y-10.33%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CMA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CMA has been reduced compared to 1 year ago.
Compared to 5 years ago, CMA has less shares outstanding
Compared to 1 year ago, CMA has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CMA is 2.86, which is a good value as it means it would take CMA, 2.86 years of fcf income to pay off all of its debts.
CMA has a Debt to FCF ratio of 2.86. This is in the lower half of the industry: CMA underperforms 62.53% of its industry peers.
A Debt/Equity ratio of 0.39 indicates that CMA is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.39, CMA is not doing good in the industry: 74.94% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 2.86 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.03%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CMA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.73%.
CMA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.99% yearly.
Looking at the last year, CMA shows a decrease in Revenue. The Revenue has decreased by -2.86% in the last year.
CMA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.64% yearly.
EPS 1Y (TTM)-17.73%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%-3.1%
Revenue 1Y (TTM)-2.86%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%5.74%
3.2 Future
Based on estimates for the next years, CMA will show a small growth in Earnings Per Share. The EPS will grow by 1.31% on average per year.
Based on estimates for the next years, CMA will show a small growth in Revenue. The Revenue will grow by 1.52% on average per year.
EPS Next Y-3.8%
EPS Next 2Y2.35%
EPS Next 3Y4.08%
EPS Next 5Y1.31%
Revenue Next Year3.5%
Revenue Next 2Y3.27%
Revenue Next 3Y3.07%
Revenue Next 5Y1.52%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.40, the valuation of CMA can be described as very reasonable.
CMA's Price/Earnings ratio is a bit cheaper when compared to the industry. CMA is cheaper than 69.37% of the companies in the same industry.
When comparing the Price/Earnings ratio of CMA to the average of the S&P500 Index (26.35), we can say CMA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.86, the valuation of CMA can be described as reasonable.
CMA's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, CMA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 9.86 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CMA is valued a bit cheaper than 79.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.74 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.35%
EPS Next 3Y4.08%
5. Dividend
5.1 Amount
CMA has a Yearly Dividend Yield of 4.94%, which is a nice return.
CMA's Dividend Yield is rather good when compared to the industry average which is at 3.46. CMA pays more dividend than 86.33% of the companies in the same industry.
CMA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
The dividend of CMA has a limited annual growth rate of 2.70%.
CMA has paid a dividend for at least 10 years, which is a reliable track record.
CMA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)2.7%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
56.88% of the earnings are spent on dividend by CMA. This is a bit on the high side, but may be sustainable.
The dividend of CMA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.88%
EPS Next 2Y2.35%
EPS Next 3Y4.08%
56.49
+0.66 (+1.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.53%
Inst Owner Change4.28%
Ins Owners0.8%
Ins Owner Change4.69%
Market Cap7.42B
Analysts53.1
Price Target60.84 (7.7%)
Short Float %3.1%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend3.04
Dividend Growth(5Y)2.7%
DP56.88%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.48%
Min EPS beat(2)5.23%
Max EPS beat(2)9.73%
EPS beat(4)4
Avg EPS beat(4)12.93%
Min EPS beat(4)5.23%
Max EPS beat(4)23.68%
EPS beat(8)8
Avg EPS beat(8)10.81%
EPS beat(12)12
Avg EPS beat(12)8.07%
EPS beat(16)15
Avg EPS beat(16)9.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.31%
Min Revenue beat(2)-1.34%
Max Revenue beat(2)-1.27%
Revenue beat(4)1
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)0.29%
Revenue beat(8)3
Avg Revenue beat(8)-1.57%
Revenue beat(12)7
Avg Revenue beat(12)-0.68%
Revenue beat(16)10
Avg Revenue beat(16)-0.45%
PT rev (1m)-0.52%
PT rev (3m)-14.1%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)-4.85%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.42%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-1.09%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 9.86 | ||
| P/S | 2.26 | ||
| P/FCF | 7.74 | ||
| P/OCF | 6.88 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.43
EY9.61%
EPS(NY)5.73
Fwd EY10.14%
FCF(TTM)7.3
FCFY12.92%
OCF(TTM)8.21
OCFY14.54%
SpS25.03
BVpS53.66
TBVpS53.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 10% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.44% | ||
| GM | N/A | ||
| FCFM | 29.16% |
ROA(3y)1.05%
ROA(5y)0.98%
ROE(3y)15.08%
ROE(5y)13.13%
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-18.65%
PM growth 5Y-10.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 2.86 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 121.21% | ||
| Cap/Sales | 3.65% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 136.03% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC15.03%
ROIC/WACCN/A
Cap/Depr(3y)141.46%
Cap/Depr(5y)113.65%
Cap/Sales(3y)3.77%
Cap/Sales(5y)3.27%
Profit Quality(3y)81.63%
Profit Quality(5y)94.1%
High Growth Momentum
Growth
EPS 1Y (TTM)-17.73%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%-3.1%
EPS Next Y-3.8%
EPS Next 2Y2.35%
EPS Next 3Y4.08%
EPS Next 5Y1.31%
Revenue 1Y (TTM)-2.86%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%5.74%
Revenue Next Year3.5%
Revenue Next 2Y3.27%
Revenue Next 3Y3.07%
Revenue Next 5Y1.52%
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 1Y-44.37%
FCF growth 3Y-7.39%
FCF growth 5Y-14.9%
OCF growth 1Y-40.39%
OCF growth 3Y-1.77%
OCF growth 5Y-11.23%