How does CM.PRQ's PE Ratio compare to its peers?

CM.PRQ is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (15x).

How does CM.PRQ's PE Ratio compare vs other companies in the North American Banks Industry?

CM.PRQ is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the North American Banks industry average (12.9x).

What is CM.PRQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CM.PRQ is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

What is the Fair Price of CM.PRQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CM.PRQ (CA$24.51) is trading below our estimate of [[fair value]] (CA$42.72)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Canadian Imperial Bank of Commerce (TSX:CM.PRQ) - Stock Price, News & Analysis

CM.PRQ Stock Overview

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. More details

CM.PRQ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 42.6% below our estimate of its fair value

Earnings are forecast to grow 7.28% per year

Earnings grew by 44.8% over the past year

Pays a reliable dividend of 3.95%

Risk Analysis

No risks detected for CM.PRQ from our risk checks.

Canadian Imperial Bank of Commerce Competitors

Bank of Montreal

TSX:BMO

CA$95.9b

Bank of Nova Scotia

TSX:BNS

CA$97.4b

Toronto-Dominion Bank

TSX:TD

CA$136.8b

National Bank of Canada

TSX:NA

CA$46.7b

Price History & Performance

Summary of all time highs, changes and price drops for Canadian Imperial Bank of Commerce
Historical stock prices
Current Share Price	CA$24.51
52 Week High	CA$24.55
52 Week Low	CA$18.00
Beta	1.13
11 Month Change	0.86%
3 Month Change	1.74%
1 Year Change	35.04%
33 Year Change	-0.97%
5 Year Change	35.26%
Change since IPO	-0.97%

Recent updates

Shareholder Returns

	CM.PRQ	CA Banks	CA Market
7D	-0.1%	1.1%	1.3%
1Y	35.0%	29.6%	23.1%

Return vs Industry: CM.PRQ exceeded the Canadian Banks industry which returned 28.3% over the past year.

Return vs Market: CM.PRQ exceeded the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is CM.PRQ's price volatile compared to industry and market?
CM.PRQ volatility
CM.PRQ Average Weekly Movement	0.9%
Banks Industry Average Movement	2.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: CM.PRQ has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CM.PRQ's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1867	48,552	Victor Dodig	www.cibc.com

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments.

Canadian Imperial Bank of Commerce Fundamentals Summary

How do Canadian Imperial Bank of Commerce's earnings and revenue compare to its market cap?
CM.PRQ fundamental statistics
Market cap	CA$85.69b
Earnings (TTM)	CA$6.46b
Revenue (TTM)	CA$22.70b

13.3x

P/E Ratio

1.6x

P/B Ratio

Is CM.PRQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CM.PRQ income statement (TTM)
Revenue	CA$22.70b
Cost of Revenue	CA$0
Gross Profit	CA$22.70b
Other Expenses	CA$16.25b
Earnings	CA$6.46b

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

Dec 05, 2024

Earnings per share (EPS)	6.84
Gross Margin	100.00%
Net Profit Margin	28.45%
Debt/Equity Ratio	447.0%

How did CM.PRQ perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

52%

Payout Ratio

CM.PRQ Stock Overview

Rewards

Risk Analysis

Canadian Imperial Bank of Commerce Competitors

TSX:BMO

CA$95.9b

TSX:BNS

CA$97.4b

TSX:TD

CA$136.8b

TSX:NA

CA$46.7b

Price History & Performance

Recent News & Updates

CIBC Innovation Banking Announces Leadership Changes

CIBC Aventura Clients Now Have Access to More Travel Options Through New "CIBC by Expedia" CIBC Rewards Centre

Accel-KKR LLC acquired VisiQuate, Inc.

CIBC Announces Executive Appointments, Effective from November 1, 2024

Canadian Imperial Bank of Commerce Declares Dividends for the Quarter Ending October 31, 2024, Payable on October 28, 2024

CIBC Launches Custom-Built CIBC AI Platform and Rolls Out GitHub CoPilot

Recent updates

CIBC Innovation Banking Announces Leadership Changes

CIBC Aventura Clients Now Have Access to More Travel Options Through New "CIBC by Expedia" CIBC Rewards Centre

Accel-KKR LLC acquired VisiQuate, Inc.

CIBC Announces Executive Appointments, Effective from November 1, 2024

Canadian Imperial Bank of Commerce Declares Dividends for the Quarter Ending October 31, 2024, Payable on October 28, 2024

CIBC Launches Custom-Built CIBC AI Platform and Rolls Out GitHub CoPilot

CIBC Appoints François Poirier to Board of Directors, Effective September 1, 2024

CIBC Launches Bundled Digital Credit Card and Deposit Account Application

Canadian Imperial Bank of Commerce(TSX:CM.PRT) dropped from S&P/TSX Preferred Share Index

Canadian Imperial Bank of Commerce announced a financing transaction

Canadian Imperial Bank of Commerce announced a financing transaction

CIBC Unpaid Overtime Class Action Settles for $153 Million

CIBC Announces Chief Financial Officer Changes, Effective April 1, 2024

Canadian Imperial Bank of Commerce Declares Dividend for the Quarter Ending April 30, 2024, Payable on April 29, 2024

CIBC Trust Corporation and Canadian Imperial Bank of Commerce Announces CIBC Mutual Funds Class Action Regarding Trailing Commissions Paid to Discount Brokers

Highcrest Capital LLC, Canadian Imperial Bank of Commerce (TSX:CM), AshMark Inc., Andy Le , John Konop and management of Groupe Gregor Inc. acquired Groupe Gregor Inc.

CIBC Introduces Additional Canadian Depositary Receipts

Canadian Imperial Bank of Commerce to Report Q4, 2024 Results on Dec 05, 2024

Cibc Declares Dividend for the Quarter Ending January 31, 2024, Payable on January 29, 2024

Canadian Imperial Bank of Commerce Appoints Mark Podlasly in Board of Directors, Effective from November 1, 2023

CIBC Declares Dividend for the Quarter Ending October 31, 2023, Payable on October 27, 2023

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2024

CIBC Announces Settlement Agreement with Cerberus Capital Management LP

Canadian Imperial Bank of Commerce to Report Q1, 2023 Results on Feb 24, 2023

Canadian Imperial Bank of Commerce Announces Senior Executive Appointments

CIBC Declares Dividend on Common Shares for the Quarter Ending October 31, 2022, Payable on October 28, 2022

CIBC Innovation Banking Announces Executive Changes

CIBC Innovation Banking Announces Management Changes

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2023

CIBC Introduces New Recurring and Future-Dated Interac E-Transfer Payments

CIBC Innovation Banking Announces John Flemming as Managing Director

CIBC Elects Ammar Aljoundi as a New Member of CIBC's Board of Directors

CIBC Declares Dividend for the Quarter Ending April 30, 2022, Payable on April 28, 2022

Ontario Court of Appeal Dismisses Canadian Imperial Bank of Commerce Appeal in Landmark Overtime Suit

New CIBC Costco Mastercard to Feature Upgrades to Reward Categories and Enhanced Cash Back on Everyday Purchases

CIBC Declares Dividends for the Quarter Ending July 31, 2021, Payable on July 28, 2021

CanDeal.ca Inc. acquired Fixed Income Data Business of Canadian Imperial Bank of Commerce (TSX:CM).

Canadian Imperial Bank of Commerce Announces the Names of the Retiring Directors

Larry Richman Retires from CIBC Bancorp USA and CIBC, Effective March 31, 2021

CIBC Now Accepting Applications for the Highly Affected Sectors Credit Availability Program

Canadian Imperial Bank of Commerce Announces New Payment Option for CIBC Global Money Transfers

CIBC Announces Chairman and Board Changes

CIBC Launches Enhanced Suite of Aeroplan Visa Credit Cards to Help Canadians Realize Their Travel Ambitions

CIBC Launches New Platform to Help Clients Build Their Financial Plans with Ease

Tej Sahi Joins CIBC Innovation Banking as Managing Director and to be based in its Innovation Banking office in New York, NY

Thomas H. Lee Partners, CIVC Partners, Providence Equity Partners, and TransWestern’s management completed the acquisition of TransWestern Publishing Company LLC for $900 million.

GNB Financial Group Limited reached an agreement to acquire 66.73% stake in FirstCaribbean International Bank Limited (TTSE:FCI) from Canadian Imperial Bank of Commerce (TSX:CM) for approximately $800 million.

Canadian Imperial Bank of Commerce announced that it expects to receive CAD 750 million in funding

Lucidity Lights, Inc. acquired Select Strategic Assets of Evolution Lighting from Canadian Imperial Bank of Commerce (TSX:CM).