Loading...

Canadian Western Bank

OTCPK:CBWB.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBWB.F
OTCPK
CA$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
CBWB.F Share Price and Events
7 Day Returns
-0.8%
OTCPK:CBWB.F
-1%
US Banks
0.6%
US Market
1 Year Returns
-17.7%
OTCPK:CBWB.F
-6.5%
US Banks
4.1%
US Market
CBWB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canadian Western Bank (CBWB.F) -0.8% 4.6% 1.6% -17.7% 15.6% -41.1%
US Banks -1% 2.4% -1.5% -6.5% 44.7% 46%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • CBWB.F underperformed the Banks industry which returned -6.5% over the past year.
  • CBWB.F underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
CBWB.F
Industry
5yr Volatility vs Market

Value

 Is Canadian Western Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canadian Western Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canadian Western Bank.

OTCPK:CBWB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= CA$30.89 * 11.2%
CA$3.47
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. CA$30.89
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CBWB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 26.5%) (74.22%))
0.945
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.945 * 5.96%)
8.36%

Discounted Cash Flow Calculation for OTCPK:CBWB.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Canadian Western Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:CBWB.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 8.36%) * CA$30.89)
CA$0.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.88 / (8.36% - 2.73%)
CA$15.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$30.89 + CA$15.70
CA$46.59
OTCPK:CBWB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CBWB.F represents 0.76333x of TSX:CWB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.76333x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 46.59 x 0.76333
$35.57
Value per share (USD) From above. $35.57
Current discount Discount to share price of $22.48
= -1 x ($22.48 - $35.57) / $35.57
36.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Canadian Western Bank is available for.
Intrinsic value
37%
Share price is $22.48 vs Future cash flow value of $35.57
Current Discount Checks
For Canadian Western Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canadian Western Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canadian Western Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Canadian Western Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canadian Western Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CBWB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$2.89
TSX:CWB Share Price ** TSX (2019-07-17) in CAD CA$29.45
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.75x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canadian Western Bank.

OTCPK:CBWB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CWB Share Price ÷ EPS (both in CAD)

= 29.45 ÷ 2.89

10.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canadian Western Bank is good value based on earnings compared to the US Banks industry average.
  • Canadian Western Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Canadian Western Bank's expected growth come at a high price?
Raw Data
OTCPK:CBWB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
7.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:CBWB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.19x ÷ 7.1%

1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canadian Western Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Canadian Western Bank's assets?
Raw Data
OTCPK:CBWB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$28.20
TSX:CWB Share Price * TSX (2019-07-17) in CAD CA$29.45
United States of America Banks Industry PB Ratio Median Figure of 593 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
OTCPK:CBWB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CWB Share Price ÷ Book Value per Share (both in CAD)

= 29.45 ÷ 28.20

1.04x

* Primary Listing of Canadian Western Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canadian Western Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Canadian Western Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Canadian Western Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Canadian Western Bank expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canadian Western Bank expected to grow at an attractive rate?
  • Canadian Western Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Canadian Western Bank's earnings growth is positive but not above the United States of America market average.
  • Canadian Western Bank's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CBWB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CBWB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 7.1%
OTCPK:CBWB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 7.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:CBWB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CBWB.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 984 2
2020-10-31 935 287 11
2019-10-31 867 269 11
OTCPK:CBWB.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 779 -2,953 255
2019-01-31 772 -2,555 254
2018-10-31 755 -2,593 249
2018-07-31 743 -2,039 246
2018-04-30 723 -1,655 240
2018-01-31 698 -1,732 227
2017-10-31 676 -747 214
2017-07-31 647 -268 201
2017-04-30 626 -207 191
2017-01-31 590 -868 175
2016-10-31 579 -2,059 178
2016-07-31 573 -2,099 183

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canadian Western Bank's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Canadian Western Bank's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:CBWB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Canadian Western Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CBWB.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31 3.35 3.35 3.35 1.00
2020-10-31 3.34 3.51 3.23 8.00
2019-10-31 3.07 3.21 2.99 8.00
OTCPK:CBWB.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 2.89
2019-01-31 2.86
2018-10-31 2.81
2018-07-31 2.77
2018-04-30 2.71
2018-01-31 2.56
2017-10-31 2.43
2017-07-31 2.28
2017-04-30 2.19
2017-01-31 2.05
2016-10-31 2.13
2016-07-31 2.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Canadian Western Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Canadian Western Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canadian Western Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Canadian Western Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canadian Western Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canadian Western Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Canadian Western Bank's 1-year earnings growth exceeds its 5-year average (6.6% vs 4.7%)
  • Canadian Western Bank's earnings growth has not exceeded the US Banks industry average in the past year (6.6% vs 40.8%).
Earnings and Revenue History
Canadian Western Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canadian Western Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CBWB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 778.69 255.33 324.08
2019-01-31 771.70 253.83 316.30
2018-10-31 755.10 249.26 309.92
2018-07-31 742.68 245.59 306.85
2018-04-30 723.43 239.53 298.87
2018-01-31 698.07 226.66 293.55
2017-10-31 675.65 214.28 289.26
2017-07-31 647.08 201.28 280.48
2017-04-30 625.67 190.55 272.62
2017-01-31 590.45 175.17 271.65
2016-10-31 578.78 177.76 265.01
2016-07-31 572.67 182.90 254.55
2016-04-30 566.77 188.48 259.45
2016-01-31 584.73 207.79 250.23
2015-10-31 580.41 208.06 247.31
2015-07-31 579.90 211.95 248.90
2015-04-30 575.91 213.47 239.05
2015-01-31 568.18 208.63 234.46
2014-10-31 558.54 205.29 228.13
2014-07-31 551.57 199.64 225.98
2014-04-30 544.83 194.43 224.90
2014-01-31 537.18 190.75 223.87
2013-10-31 529.76 187.16 222.65
2013-07-31 513.44 179.00 216.81
2013-04-30 508.67 179.52 211.07
2013-01-31 502.46 176.20 206.63
2012-10-31 493.72 172.20 200.77
2012-07-31 483.38 165.07 195.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Canadian Western Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canadian Western Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Canadian Western Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Canadian Western Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Canadian Western Bank has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Canadian Western Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Canadian Western Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canadian Western Bank Company Filings, last reported 2 months ago.

OTCPK:CBWB.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 2,852.19 1,906.52 625.37
2019-01-31 2,780.95 2,113.06 274.79
2018-10-31 2,588.50 2,172.56 155.72
2018-07-31 2,567.83 2,258.90 145.63
2018-04-30 2,524.35 2,232.46 254.12
2018-01-31 2,485.29 2,138.19 407.27
2017-10-31 2,463.84 1,570.08 534.19
2017-07-31 2,414.18 1,621.37 203.28
2017-04-30 2,409.17 1,279.24 811.18
2017-01-31 2,363.07 1,355.77 459.16
2016-10-31 2,342.81 1,275.37 1,093.74
2016-07-31 2,307.68 1,286.06 801.49
2016-04-30 2,117.77 1,316.96 367.34
2016-01-31 1,940.35 1,342.44 456.30
2015-10-31 1,911.90 1,192.13 466.67
2015-07-31 1,896.95 1,194.71 738.96
2015-04-30 1,750.75 1,330.89 187.09
2015-01-31 1,733.52 1,155.98 117.72
2014-10-31 1,694.59 1,037.38 613.40
2014-07-31 1,653.47 939.38 473.16
2014-04-30 1,493.93 998.01 403.55
2014-01-31 1,650.17 812.86 390.25
2013-10-31 1,599.57 820.69 352.50
2013-07-31 1,668.90 852.96 98.99
2013-04-30 1,646.21 897.20 162.91
2013-01-31 1,611.67 985.75 210.30
2012-10-31 1,570.23 704.37 238.93
2012-07-31 1,533.33 604.17 277.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Canadian Western Bank has an acceptable proportion of non-loan assets held.
  • Canadian Western Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Canadian Western Bank are broadly funded by customer deposits.
  • Canadian Western Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Canadian Western Bank has a low allowance for bad loans.
  • Canadian Western Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Canadian Western Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canadian Western Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Canadian Western Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.67%
Current annual income from Canadian Western Bank dividends. Estimated to be 3.84% next year.
If you bought $2,000 of Canadian Western Bank shares you are expected to receive $73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Canadian Western Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Canadian Western Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:CBWB.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:CBWB.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-10-31 1.24 2.00
2020-10-31 1.16 10.00
2019-10-31 1.08 10.00
OTCPK:CBWB.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-29 1.080 3.710
2019-03-07 1.080 3.723
2018-12-06 1.040 3.667
2018-08-30 1.040 3.251
2018-06-07 1.000 2.743
2018-03-08 1.000 2.939
2017-12-07 0.960 2.507
2017-08-31 0.960 2.851
2017-06-01 0.920 3.358
2017-03-02 0.920 3.312
2016-12-01 0.920 3.031
2016-09-01 0.920 3.540
2016-06-02 0.920 3.610
2016-03-03 0.920 3.644
2015-12-10 0.920 4.219
2015-12-03 0.920 3.876
2015-06-04 0.880 3.493
2015-03-05 0.840 2.939
2014-12-03 0.840 2.855
2014-08-27 0.800 2.089
2014-06-05 0.800 1.972
2014-03-06 0.760 2.052
2013-12-10 0.760 2.042
2013-12-04 0.760 2.071
2013-08-28 0.720 2.236
2013-06-06 0.720 2.509
2012-12-04 0.680 2.344
2012-08-29 0.640 2.205
2012-06-07 0.640 2.430
2012-03-07 0.600 2.137
2011-12-05 0.600 2.243
2011-09-02 0.560 2.068
2011-06-03 0.560 1.856
2011-06-02 0.560 1.818
2011-03-02 0.520 1.708
2010-12-07 0.520 1.766
2010-09-01 0.440 1.740
2010-06-03 0.440 1.803
2010-03-04 0.440 1.855
2009-12-03 0.440 2.072
2009-09-03 0.440 2.082
2009-06-04 0.440 2.569
2009-03-05 0.440 3.667
2008-12-04 0.440 3.830
2008-09-04 0.440 2.482

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Canadian Western Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Canadian Western Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canadian Western Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canadian Western Bank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Canadian Western Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Fowler
COMPENSATION CA$2,780,058
AGE 59
TENURE AS CEO 6.3 years
CEO Bio

Christopher H. Fowler is President, Chief Executive Officer and Director of Canadian Western Bank (“CWB” or “CWB Group"). He has served at CWB in roles with increasing responsibility since 1991, including, commercial account management (1991-1995), credit risk (1995-2008), and joined the executive team in 2008 as Executive Vice President, Banking, and then President and Chief Operating Officer. Education: Master of Arts Degree in Economics from the University of British Columbia Community involvement: Member of the Canadian Bankers Association’s Executive Council, director with the Art Gallery of Alberta’s board of directors, and campaign cabinet member with the United Way of Alberta Capital Region.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Canadian Western Bank management team in years:

4.8
Average Tenure
  • The tenure for the Canadian Western Bank management team is about average.
Management Team

Chris Fowler

TITLE
President
COMPENSATION
CA$3M
AGE
59
TENURE
6.3 yrs

Carolyn Graham

TITLE
Executive VP & CFO
COMPENSATION
CA$1M
TENURE
4.8 yrs

Kelly Blackett

TITLE
Executive VP of Human Resources & Corporate Communications
COMPENSATION
CA$847K
TENURE
4.8 yrs

Bogie Ozdemir

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
CA$846K
TENURE
4.6 yrs

Stephen H. Murphy

TITLE
Executive Vice President of Banking
COMPENSATION
CA$1M
TENURE
3.3 yrs

Vlad Ahmad

TITLE
Senior Vice President of Operations & Business Transformation
TENURE
2.5 yrs

Allen Stephen

TITLE
VP & Chief Accountant
TENURE
11.5 yrs

Darrell Jones

TITLE
Executive VP & Chief Information Officer
TENURE
10.9 yrs

Matt Evans

TITLE
Senior VP of Strategy & Investor Relations
TENURE
4.5 yrs

Bindu Cudjoe

TITLE
Senior VP
Board of Directors Tenure

Average tenure and age of the Canadian Western Bank board of directors in years:

8.1
Average Tenure
63.5
Average Age
  • The tenure for the Canadian Western Bank board of directors is about average.
Board of Directors

Bob Phillips

TITLE
Chairman of the Board
COMPENSATION
CA$280K
AGE
68

Chris Fowler

TITLE
President
COMPENSATION
CA$3M
AGE
59
TENURE
6.3 yrs

Alan Rowe

TITLE
Director
COMPENSATION
CA$155K
AGE
63
TENURE
23 yrs

Ian Reid

TITLE
Director
COMPENSATION
CA$174K
AGE
64
TENURE
8.3 yrs

Sarah Morgan-Silvester

TITLE
Director
COMPENSATION
CA$159K
AGE
59
TENURE
5.3 yrs

Raymond Protti

TITLE
Director
COMPENSATION
CA$141K
AGE
73
TENURE
10.3 yrs

Sandy Riley

TITLE
Director
COMPENSATION
CA$142K
AGE
68
TENURE
8.3 yrs

Linda Margaret Hohol

TITLE
Director
COMPENSATION
CA$156K
AGE
66
TENURE
8.1 yrs

Andrew Bibby

TITLE
Director
COMPENSATION
CA$149K
AGE
61
TENURE
6.6 yrs

Peggy Mulligan

TITLE
Director
COMPENSATION
CA$149K
AGE
61
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Canadian Western Bank individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Jun 19 Buy Robin Rudd Individual 21. Jun 19 21. Jun 19 525 $22.09 $11,597
12. Jun 19 Buy E. Mitchell Individual 11. Jun 19 11. Jun 19 3,350 $22.38 $74,957
31. May 19 Buy Stephen David Individual 31. May 19 31. May 19 600 $20.72 $12,429
28. Mar 19 Sell Niall Boles Individual 29. Jan 19 29. Jan 19 -2,000 $22.27 $-44,530
14. Mar 19 Sell Niall Boles Individual 14. Mar 19 14. Mar 19 -1,369 $22.23 $-30,316
14. Mar 19 Sell Darrell Jones Individual 12. Mar 19 12. Mar 19 -1,500 $22.07 $-33,110
18. Jan 19 Buy Darrell Jones Individual 18. Jan 19 18. Jan 19 3,250 $21.88 $71,113
08. Jan 19 Buy M. Eastwood Individual 24. Dec 18 27. Dec 18 1,000 $18.40 $18,392
25. Dec 18 Buy Christopher Fowler Individual 24. Dec 18 24. Dec 18 2,000 $18.10 $36,203
21. Dec 18 Buy Niall Boles Individual 20. Dec 18 20. Dec 18 500 $18.53 $9,265
18. Dec 18 Buy Stephen David Individual 18. Dec 18 18. Dec 18 220 $19.04 $4,190
18. Dec 18 Buy Alan Rowe Individual 17. Dec 18 17. Dec 18 1,000 $19.31 $19,308
17. Dec 18 Buy Niall Boles Individual 13. Dec 18 13. Dec 18 500 $19.68 $9,842
14. Dec 18 Buy Robin Rudd Individual 13. Dec 18 13. Dec 18 412 $19.35 $7,944
11. Dec 18 Buy Niall Boles Individual 11. Dec 18 11. Dec 18 1,000 $19.48 $19,413
10. Dec 18 Buy Margaret Mulligan Individual 10. Dec 18 10. Dec 18 3,600 $19.82 $71,352
31. Oct 18 Buy Lester Shore Individual 31. Oct 18 31. Oct 18 1,000 $23.37 $23,374
31. Oct 18 Sell Darrell Jones Individual 31. Oct 18 31. Oct 18 -900 $23.40 $-21,062
25. Oct 18 Buy Matthew Evans Individual 24. Oct 18 24. Oct 18 475 $23.84 $11,323
11. Oct 18 Buy Stephen David Individual 11. Oct 18 11. Oct 18 1,000 $25.23 $25,229
08. Oct 18 Buy Robin Rudd Individual 01. Oct 18 01. Oct 18 600 $26.53 $15,917
X
Management checks
We assess Canadian Western Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canadian Western Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts. It also provides leading products, such as commercial lending and real estate, energy lending, and equipment financing products; mortgages; secured and unsecured lines of credit; registered retirement savings plan (RRSP), consolidation, car, and recreation vehicle loans; personal lines of credit; and credit cards. In addition, the company offers cash management services; life and disability insurance products that cover various loans, including residential mortgages, home improvement loans, collateral mortgages, lease loans, commercial mortgages, car loans, debt consolidation, education loans, investment loans, business loans, home equity lines of credit, business leases, personal lines of credit, and business lines of credit; and ATM, telephone, mobile, and online banking services, as well as deposit register and cheque order services. Further, it provides investment products comprising guaranteed investment certificates, RRSPs, registered retirement income funds, tax-free savings accounts, registered education savings plans, and mutual funds, as well as personal and business planning services. The company was founded in 1984 and is headquartered in Edmonton, Canada.

Details
Name: Canadian Western Bank
CBWB.F
Exchange: OTCPK
Founded: 1984
CA$1,969,802,635
87,229,148
Website: http://www.cwb.com
Address: Canadian Western Bank
10303 Jasper Avenue NW,
Suite 3000,
Edmonton,
Alberta, T5J 3X6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CWB Common Shares The Toronto Stock Exchange CA CAD 15. May 1984
OTCPK CBWB.F Common Shares Pink Sheets LLC US USD 15. May 1984
DB C7W Common Shares Deutsche Boerse AG DE EUR 15. May 1984
TSX CWB.PRD NON CUM SER 9 The Toronto Stock Exchange CA CAD 29. Jan 2019
TSX CWB.PRC 1ST PFD SER 7 The Toronto Stock Exchange CA CAD 01. Apr 2016
TSX CWB.PRB PFD 5YR 1ST SER5 The Toronto Stock Exchange CA CAD 10. Feb 2014
Number of employees
Current staff
Staff numbers
2,263
Canadian Western Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 00:51
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/29
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.