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

CM is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (15.1x).

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

CM is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the North American Banks industry average (13.2x).

What is CM'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 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

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

CM (CA$91.48) is trading below our estimate of [[fair value]] (CA$158.82)

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

Target price is lower than the current share price.

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

CM 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 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 42.4% 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 3.94%

Risk Analysis

Significant insider selling over the past 3 months

Canadian Imperial Bank of Commerce Competitors

Bank of Montreal

TSX:BMO

CA$96.5b

Bank of Nova Scotia

TSX:BNS

CA$97.1b

Toronto-Dominion Bank

TSX:TD

CA$136.5b

National Bank of Canada

TSX:NA

CA$46.8b

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$91.48
52 Week High	CA$91.63
52 Week Low	CA$51.60
Beta	1.13
11 Month Change	5.36%
3 Month Change	24.39%
1 Year Change	70.39%
33 Year Change	24.84%
5 Year Change	58.46%
Change since IPO	2,299.48%

Recent updates

Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

May 28

Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

Sep 04

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

May 20

Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Mar 01

Shareholder Returns

	CM	CA Banks	CA Market
7D	2.2%	1.8%	2.1%
1Y	70.4%	29.9%	23.4%

Return vs Industry: CM exceeded the Canadian Banks industry which returned 29.9% over the past year.

Return vs Market: CM exceeded the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is CM's price volatile compared to industry and market?
CM volatility
CM Average Weekly Movement	2.3%
Banks Industry Average Movement	2.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

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

Volatility Over Time: CM's weekly volatility (2%) 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 fundamental statistics
Market cap	CA$86.06b
Earnings (TTM)	CA$6.46b
Revenue (TTM)	CA$22.70b

13.4x

P/E Ratio

1.6x

P/B Ratio

Is CM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CM 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 perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

52%

Payout Ratio

CM Stock Overview

Rewards

Risk Analysis

Canadian Imperial Bank of Commerce Competitors

TSX:BMO

CA$96.5b

TSX:BNS

CA$97.1b

TSX:TD

CA$136.5b

TSX:NA

CA$46.8b

Price History & Performance

Recent News & Updates

Price target increased by 7.0% to CA$89.65

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.

Insider exercised options and sold CA$2.4m worth of stock

President recently sold CA$1.9m worth of stock

Recent updates

Price target increased by 7.0% to CA$89.65

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.

Insider exercised options and sold CA$2.4m worth of stock

President recently sold CA$1.9m worth of stock

Upcoming dividend of CA$0.90 per share

Insider exercised options and sold CA$1.3m worth of stock

CIBC Announces Executive Appointments, Effective from November 1, 2024

Price target increased by 8.9% to CA$79.65

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

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter dividend of CA$0.90 announced

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

Upcoming dividend of CA$0.90 per share

CIBC Unpaid Overtime Class Action Settles for $153 Million

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

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Upcoming dividend of CA$0.90 per share at 5.8% yield

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

Full year 2023 earnings: EPS misses analyst expectations

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

Upcoming dividend of CA$0.87 per share at 6.3% yield

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

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Shareholder dilution

Upcoming dividend of CA$0.87 per share at 6.0% yield

Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

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

Second quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of CA$0.85 per share at 6.0% yield

President recently bought CA$3.0m worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CIBC Announces Settlement Agreement with Cerberus Capital Management LP

CIBC Innovation Banking Announces Directorate Changes

CIBC Announces Senior Executive Leadership Changes

Canadian Imperial Bank of Commerce Announces the Launch of CIBC Smart Planner

CIBC to Appeal Decision in Cerberus Matter

Upcoming dividend of CA$0.85 per share

CIBC Announces New York Court Issued Liability Ruling Against CIBC

Full year 2022 earnings: EPS and revenues miss analyst expectations

Canadian Imperial Bank of Commerce to Report Q4, 2023 Results on Nov 30, 2023

Bill Morneau appointed to CIBC's Board of Directors

Canadian Imperial Bank of Commerce Announces Senior Executive Appointments

Upcoming dividend of CA$0.83 per share

Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

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

Third quarter 2022 earnings: EPS exceeds analyst expectations

CIBC Innovation Banking Announces Executive Changes