| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
CM Stock Overview
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.
Rewards
Risk Analysis
No risks detected for CM from our risk checks.
Canadian Imperial Bank of Commerce Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$166.08 |
| 52 Week High | CA$166.54 |
| 52 Week Low | CA$108.50 |
| Beta | 1.03 |
| 1 Month Change | 14.54% |
| 3 Month Change | 12.24% |
| 1 Year Change | 45.97% |
| 3 Year Change | 51.31% |
| 5 Year Change | 49.41% |
| Change since IPO | 925.98% |
Recent News & Updates
Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
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...
Shareholder Returns
| CM | CA Banks | CA Market | |
|---|---|---|---|
| 7D | 5.7% | 4.4% | 2.4% |
| 1Y | 46.0% | 39.2% | 19.9% |
Return vs Industry: CM exceeded the Canadian Banks industry which returned 37.6% over the past year.
Return vs Market: CM exceeded the Canadian Market which returned 19.1% over the past year.
Price Volatility
| CM volatility | |
|---|---|
| CM Average Weekly Movement | 2.1% |
| Banks Industry Average Movement | 2.5% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: CM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: CM's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1867 | 45,282 | Victor Dodig | https://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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets.
Canadian Imperial Bank of Commerce Fundamentals Summary
| CM fundamental statistics | |
|---|---|
| Market Cap | CA$74.90b |
| Earnings (TTM) | CA$6.27b |
| Revenue (TTM) | CA$19.86b |
11.9x
P/E Ratio1.7x
P/B RatioIs CM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CM income statement (TTM) | |
|---|---|
| Revenue | CA$19.86b |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$19.86b |
| Expenses | CA$13.59b |
| Earnings | CA$6.27b |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 13.91 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.58% |
| Debt/Equity Ratio | 387.7% |
How did CM perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield42%
Payout RatioValuation
Is Canadian Imperial Bank of Commerce undervalued compared to its fair value and its price relative to the market?
32.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CM (CA$166.08) is trading below our estimate of fair value (CA$246.56)
Significantly Below Fair Value: CM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CM is good value based on its PE Ratio (11.9x) compared to the Canadian Banks industry average (12.8x).
PE vs Market: CM is good value based on its PE Ratio (11.9x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: CM is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: CM's PB Ratio (1.7x) is in line with the CA Banks industry average.
Future Growth
How is Canadian Imperial Bank of Commerce forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
3.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CM's forecast earnings growth (3.4% per year) is above the savings rate (1.6%).
Earnings vs Market: CM's earnings (3.4% per year) are forecast to grow slower than the Canadian market (11% per year).
High Growth Earnings: CM's earnings are forecast to grow, but not significantly.
Revenue vs Market: CM's revenue (4.9% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: CM's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CM's Return on Equity is forecast to be low in 3 years time (13.2%).
Past Performance
How has Canadian Imperial Bank of Commerce performed over the past 5 years?
2.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CM has high quality earnings.
Growing Profit Margin: CM's current net profit margins (31.6%) are higher than last year (22.6%).
Past Earnings Growth Analysis
Earnings Trend: CM's earnings have grown by 2.2% per year over the past 5 years.
Accelerating Growth: CM's earnings growth over the past year (71%) exceeds its 5-year average (2.2% per year).
Earnings vs Industry: CM earnings growth over the past year (71%) exceeded the Banks industry 41.4%.
Return on Equity
High ROE: CM's Return on Equity (14.1%) is considered low.
Financial Health
How is Canadian Imperial Bank of Commerce's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CM's Assets to Equity ratio (18.3x) is moderate.
Allowance for Bad Loans: CM has a sufficient allowance for bad loans (155%).
Low Risk Liabilities: 73% of CM's liabilities are made up of primarily low risk sources of funding.
Loan Level: CM has an appropriate level of Loans to Assets ratio (54%).
Low Risk Deposits: CM's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: CM has an appropriate level of bad loans (0.4%).
Dividend
What is Canadian Imperial Bank of Commerce current dividend yield, its reliability and sustainability?
3.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CM's dividend (3.88%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: CM's dividend (3.88%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: CM's dividends per share have been stable in the past 10 years.
Growing Dividend: CM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.8%), CM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CM's dividends in 3 years are forecast to be well covered by earnings (43.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Victor Dodig (55 yo)
7.33yrs
Tenure
CA$9,678,250
Compensation
Mr. Victor G. Dodig has been the Chief Executive Officer and President at Canadian Imperial Bank of Commerce since September 15, 2014. Mr. Dodig is employed at CIBC Asset Management Inc. He has extensive b...
CEO Compensation Analysis
Compensation vs Market: Victor's total compensation ($USD7.73M) is above average for companies of similar size in the Canadian market ($USD5.90M).
Compensation vs Earnings: Victor's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CM's management team is considered experienced (4 years average tenure).
Board Members
Experienced Board: CM's board of directors are considered experienced (8.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Canadian Imperial Bank of Commerce's employee growth, exchange listings and data sources
Key Information
- Name: Canadian Imperial Bank of Commerce
- Ticker: CM
- Exchange: TSX
- Founded: 1867
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: CA$74.895b
- Shares outstanding: 450.96m
- Website: https://www.cibc.com
Number of Employees
Location
- Canadian Imperial Bank of Commerce
- 81 Bay Street
- CIBC Square
- Toronto
- Ontario
- M5J 0E7
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/18 01:07 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/10/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.