Financials Canadian Imperial Bank of Commerce Nyse

Equities

CM

CA1360691010

Banks

Market Closed - Nyse 04:00:01 2024-07-10 pm EDT 5-day change 1st Jan Change
48.99 USD +0.97% Intraday chart for Canadian Imperial Bank of Commerce +1.09% +1.77%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,964 44,323 67,623 55,971 45,216 62,957 - -
Enterprise Value (EV) 1 49,964 44,323 67,623 55,971 45,216 62,957 62,957 62,957
P/E ratio 10 x 12.1 x 10.8 x 9.26 x 9.48 x 10.1 x 9.42 x 8.9 x
Yield 4.99% 5.86% 3.89% 5.29% 7.03% 5.42% 5.66% 5.81%
Capitalization / Revenue 2.67 x 2.37 x 3.38 x 2.56 x 1.94 x 2.53 x 2.44 x 2.38 x
EV / Revenue 2.67 x 2.37 x 3.38 x 2.56 x 1.94 x 2.53 x 2.44 x 2.38 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.41 x 1.18 x 1.64 x 1.24 x 0.95 x 1.21 x 1.14 x 1.09 x
Nbr of stocks (in thousands) 889,747 891,989 900,625 904,657 924,480 943,036 - -
Reference price 2 56.16 49.69 75.08 61.87 48.91 66.76 66.76 66.76
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,689 18,741 20,015 21,833 23,357 24,873 25,759 26,473
EBITDA - - - - - - - -
EBIT 1 8,321 8,176 8,480 9,030 10,184 11,061 11,627 11,039
Operating Margin 44.52% 43.63% 42.37% 41.36% 43.6% 44.47% 45.14% 41.7%
Earnings before Tax (EBT) 1 6,469 4,890 8,322 7,973 6,964 7,941 8,312 9,215
Net income 1 4,985 3,790 6,429 6,220 4,995 5,971 6,228 6,685
Net margin 26.67% 20.22% 32.12% 28.49% 21.39% 24.01% 24.18% 25.25%
EPS 2 5.595 4.110 6.965 6.680 5.160 6.619 7.089 7.499
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.800 2.910 2.920 3.270 3.440 3.619 3.781 3.876
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 5,498 5,376 5,571 5,388 5,927 5,702 5,884 5,844 6,221 6,164 6,221 6,240 6,437 6,276 6,483
EBITDA - - - - - - - - - - - - - - -
EBIT 1 2,508 2,262 2,388 1,905 2,660 2,475 2,600 2,449 2,862 2,690 2,702 2,667 - - 2,820
Operating Margin 45.62% 42.08% 42.86% 35.36% 44.88% 43.41% 44.19% 41.91% 46.01% 43.64% 43.44% 42.74% - - 43.5%
Earnings before Tax (EBT) 1 2,400 1,959 2,145 1,469 1,170 2,124 1,807 1,863 2,171 2,149 2,120 1,926 1,753 1,430 1,676
Net income 1 1,864 1,518 1,660 1,178 423 1,677 1,420 1,475 1,716 1,739 1,621 1,500 1,295 1,047 1,234
Net margin 33.9% 28.24% 29.8% 21.86% 7.14% 29.41% 24.13% 25.24% 27.58% 28.21% 26.05% 24.04% 20.12% 16.68% 19.03%
EPS 2 2.015 1.620 1.780 1.260 0.3900 1.760 1.470 1.530 1.770 1.790 1.734 1.701 1.806 1.729 1.858
Dividend per Share 2 0.8050 0.8050 0.8300 0.8300 0.8500 0.8500 0.8700 0.8700 0.9000 0.9000 0.9000 0.9050 0.9450 0.9450 0.9450
Announcement Date 2/25/22 5/26/22 8/25/22 12/1/22 2/24/23 5/25/23 8/31/23 11/30/23 2/29/24 5/30/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15.4% 11.7% 16.7% 14.7% 13.3% 12.9% 13.2% 13.6%
ROA (Net income/ Total Assets) 0.8% 0.52% 0.8% 0.69% 0.53% 0.65% 0.69% 0.69%
Assets 1 623,125 728,846 803,625 901,449 942,453 918,684 908,254 965,351
Book Value Per Share 2 39.90 42.00 45.80 50.00 51.60 55.00 58.40 61.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
66.76 CAD
Average target price
71.85 CAD
Spread / Average Target
+7.63%
Consensus
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