COMERICA INC (CMA) Stock Fundamental Analysis
USA - NYSE:CMA - US2003401070 - Common Stock
78.23 USD
+0.06 (+0.08%)
78.23 USD
0 (0%)
Overall CMA gets a fundamental rating of 3 out of 10. We evaluated CMA against 390 industry peers in the Banks industry. Both the profitability and financial health of CMA have multiple concerns. CMA has a valuation in line with the averages, but it does not seem to be growing.
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.
Each year in the past 5 years CMA has been profitable.
Each year in the past 5 years CMA had a positive operating cash flow.
1.2 Ratios
CMA's Return On Assets of 0.89% is in line compared to the rest of the industry. CMA outperforms 51.54% of its industry peers.
Looking at the Return On Equity, with a value of 10.09%, CMA is in the better half of the industry, outperforming 65.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 10.09% | ||
| 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 has a worse Profit Margin (20.88%) than 62.05% of its industry peers.
CMA's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for CMA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 20.88% | ||
| 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
CMA has a worse debt/assets ratio than last year.
2.2 Solvency
CMA has a debt to FCF ratio of 2.06. This is a good value and a sign of high solvency as CMA would need 2.06 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.06, CMA perfoms like the industry average, outperforming 48.72% of the companies in the same industry.
CMA has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
CMA's Debt to Equity ratio of 0.40 is on the low side compared to the rest of the industry. CMA is outperformed by 74.36% of its industry peers.
Although CMA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.06 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.4%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CMA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.41%.
The Earnings Per Share has been decreasing by -6.99% on average over the past years.
Looking at the last year, CMA shows a small growth in Revenue. The Revenue has grown by 4.37% in the last year.
Measured over the past years, CMA shows a decrease in Revenue. The Revenue has been decreasing by -0.64% on average per year.
EPS 1Y (TTM)-3.41%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%1.5%
Revenue 1Y (TTM)4.37%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%3.33%
3.2 Future
CMA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.31% yearly.
CMA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.52% yearly.
EPS Next Y-2.67%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
EPS Next 5Y1.31%
Revenue Next Year2.78%
Revenue Next 2Y2.95%
Revenue Next 3Y2.92%
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
The Price/Earnings ratio is 14.54, which indicates a correct valuation of CMA.
Compared to the rest of the industry, the Price/Earnings ratio of CMA indicates a slightly more expensive valuation: CMA is more expensive than 68.72% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CMA to the average of the S&P500 Index (25.67), we can say CMA is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.91 indicates a correct valuation of CMA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMA indicates a slightly more expensive valuation: CMA is more expensive than 72.31% of the companies listed in the same industry.
CMA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 13.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMA indicates a rather cheap valuation: CMA is cheaper than 84.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.44 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.41%
EPS Next 3Y3.72%
5. Dividend
5.1 Amount
CMA has a Yearly Dividend Yield of 3.68%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.42, CMA pays a bit more dividend than its industry peers.
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 | 3.68% |
5.2 History
The dividend of CMA has a limited annual growth rate of 2.70%.
CMA has been paying a dividend for at least 10 years, so it has a reliable track record.
As CMA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)2.7%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
CMA pays out 57.80% of its income as dividend. This is a bit on the high side, but may be sustainable.
CMA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP57.8%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
78.23
+0.06 (+0.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners96.4%
Inst Owner Change-0.41%
Ins Owners0.82%
Ins Owner Change0.23%
Market Cap9.98B
Revenue(TTM)3.34B
Net Income(TTM)692.00M
Analysts54.19
Price Target77.46 (-0.98%)
Short Float %4.95%
Short Ratio2.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend3.04
Dividend Growth(5Y)2.7%
DP57.8%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.38%
Min EPS beat(2)9.73%
Max EPS beat(2)13.02%
EPS beat(4)4
Avg EPS beat(4)10.26%
Min EPS beat(4)5.23%
Max EPS beat(4)13.07%
EPS beat(8)8
Avg EPS beat(8)11.56%
EPS beat(12)12
Avg EPS beat(12)8.6%
EPS beat(16)15
Avg EPS beat(16)7.93%
Revenue beat(2)0
Avg Revenue beat(2)-0.72%
Min Revenue beat(2)-1.27%
Max Revenue beat(2)-0.18%
Revenue beat(4)0
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)-0.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.76%
Revenue beat(12)6
Avg Revenue beat(12)-0.83%
Revenue beat(16)9
Avg Revenue beat(16)-0.61%
PT rev (1m)11.22%
PT rev (3m)24.38%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)0.07%
EPS NY rev (1m)0.4%
EPS NY rev (3m)0.86%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 13.91 | ||
| P/S | 3.01 | ||
| P/FCF | 7.44 | ||
| P/OCF | 6.91 | ||
| P/B | 1.46 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | N/A |
EPS(TTM)5.38
EY6.88%
EPS(NY)5.63
Fwd EY7.19%
FCF(TTM)10.51
FCFY13.43%
OCF(TTM)11.32
OCFY14.47%
SpS25.97
BVpS53.77
TBVpS53.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number80.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 10.09% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 20.88% | ||
| GM | N/A | ||
| FCFM | 40.46% |
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
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-18.65%
PM growth 5Y-10.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.06 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 104.04% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 193.79% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC13.4%
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)-3.41%
EPS 3Y-13.01%
EPS 5Y-6.99%
EPS Q2Q%1.5%
EPS Next Y-2.67%
EPS Next 2Y1.41%
EPS Next 3Y3.72%
EPS Next 5Y1.31%
Revenue 1Y (TTM)4.37%
Revenue growth 3Y3.02%
Revenue growth 5Y-0.64%
Sales Q2Q%3.33%
Revenue Next Year2.78%
Revenue Next 2Y2.95%
Revenue Next 3Y2.92%
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 1Y11.56%
FCF growth 3Y-7.39%
FCF growth 5Y-14.9%
OCF growth 1Y11.33%
OCF growth 3Y-1.77%
OCF growth 5Y-11.23%
COMERICA INC / CMA FAQ
What is the ChartMill fundamental rating of COMERICA INC (CMA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to CMA.
What is the valuation status for CMA stock?
ChartMill assigns a valuation rating of 4 / 10 to COMERICA INC (CMA). This can be considered as Fairly Valued.
How profitable is COMERICA INC (CMA) stock?
COMERICA INC (CMA) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for CMA stock?
The Earnings per Share (EPS) of COMERICA INC (CMA) is expected to decline by -2.67% in the next year.
How sustainable is the dividend of COMERICA INC (CMA) stock?
The dividend rating of COMERICA INC (CMA) is 6 / 10 and the dividend payout ratio is 57.8%.