Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year
Canadian Imperial Bank of Commerce ( TSE:CM ) has announced that it will be increasing its dividend on the 28th of...
Has the Canadian Financials Sector valuation changed over the past few years?
|Tue, 07 Dec 2021||CA$1.1t||CA$591.7b||CA$93.6b||10.1x|
|Thu, 04 Nov 2021||CA$1.1t||CA$561.9b||CA$90.2b||10.6x|
|Sat, 02 Oct 2021||CA$997.4b||CA$564.3b||CA$90.5b||9.6x|
|Mon, 30 Aug 2021||CA$1.0t||CA$561.4b||CA$90.0b||9.7x|
|Tue, 06 Jul 2021||CA$982.3b||CA$553.3b||CA$84.6b||9.9x|
|Fri, 09 Apr 2021||CA$906.3b||CA$540.1b||CA$71.6b||8.3x|
|Thu, 31 Dec 2020||CA$803.4b||CA$554.5b||CA$59.4b||10.8x|
|Sun, 04 Oct 2020||CA$694.9b||CA$532.4b||CA$54.1b||10.3x|
|Wed, 08 Jul 2020||CA$675.3b||CA$547.4b||CA$54.7b||10.5x|
|Tue, 31 Mar 2020||CA$636.9b||CA$524.2b||CA$62.0b||9.9x|
|Fri, 03 Jan 2020||CA$818.8b||CA$540.7b||CA$73.1b||11.6x|
|Mon, 07 Oct 2019||CA$816.1b||CA$542.1b||CA$72.8b||11.3x|
|Sun, 30 Jun 2019||CA$781.4b||CA$514.9b||CA$70.8b||10.7x|
|Wed, 03 Apr 2019||CA$769.2b||CA$516.1b||CA$69.9b||10.1x|
|Sat, 05 Jan 2019||CA$702.5b||CA$481.1b||CA$63.6b||9.5x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 14% per year over the last three years, and revenues for these companies have grown 7.1% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Canadian Financials sector?
Industry PE: Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 18.9x. However analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 197% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Capital Markets industry, which is trading close to its 3-year average of 8.6x.
Forecasted Growth: Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 17% over the next 5 years. Meanwhile, the Insurance industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
Galaxy Digital Holdings
National Bank of Canada
Canadian Imperial Bank of Commerce
Bank of Montreal
Royal Bank of Canada
Bank of Nova Scotia
Sun Life Financial
Brookfield Asset Management
Fairfax Financial Holdings