CM:CA:TSX-Canadian Imperial Bank of Commerce (CAD)

COMMON STOCK | Banks-Diversified | TSX

Last Closing Price

CAD 121.22

Change

+0.02 (+0.02)%

Market Cap

CAD 54.28B

Volume

2.25M

Average Target Price

CAD 125.69 (+3.69%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-03-04 )

Largest Industry Peers for Banks-Diversified

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
RY-PZ:CA Royal Bank of Canada

+0.10 (+0.45%)

CAD193.98B 2.78 N/A
RY:CA Royal Bank of Canada

+0.12 (+0.11%)

CAD156.39B 13.59 N/A
RY-PC:CA Royal Bank of Canada

N/A

CAD149.96B 2.64 N/A
RY-PE:CA Royal Bank of Canada

N/A

CAD149.54B 2.61 N/A
RY-PQ:CA Royal Bank of Canada

-0.04 (-0.16%)

CAD146.50B 3.13 N/A
TD:CA The Toronto-Dominion Bank

-0.57 (-0.72%)

CAD143.32B 11.97 N/A
BNS:CA The Bank of Nova Scotia

-0.71 (-0.92%)

CAD93.33B 14.46 N/A
BMO:CA Bank of Montreal

-0.77 (-0.72%)

CAD69.42B 13.06 N/A
NA-PS:CA National Bank of Canada

-0.10 (-0.44%)

CAD27.58B 3.66 N/A
NA:CA National Bank of Canada

+0.88 (+1.07%)

CAD27.56B 13.24 N/A

ETFs Containing CM:CA

Symbol Name Weight Mer Price(Change) Market Cap
CEW WisdomTree Emerging Curre.. 0.00 % 0.55 %

-0.12 (-0.65%)

CAD0.02B
ZDV:CA BMO Canadian Dividend ETF 0.00 % 0.35 %

-0.10 (-0.55%)

CAD0.53B
HCB:CA Hamilton Canadian Bank Va.. 0.00 % 0.65 %

N/A

CAD0.01B
DRMC:CA Desjardins RI Canada - Lo.. 0.00 % 0.25 %

-0.32 (-1.37%)

CAD0.02B
RQL:CA RBC Target 2024 Corporate.. 0.00 % 0.20 %

N/A

CAD0.07B
XDIV:CA iShares Core MSCI Canadia.. 0.00 % 0.10 %

-0.08 (-0.38%)

CAD0.30B
RBNK:CA RBC Canadian Bank Yield I.. 0.00 % 0.29 %

-0.10 (-0.43%)

CAD0.10B
MCLC:CA Manulife Multifactor Cana.. 0.00 % 0.45 %

-0.02 (-0.07%)

CAD0.22B
BNC:CA Purpose Canadian Financia.. 0.00 % 0.68 %

N/A

CAD2.65M
ZWC:CA BMO CA High Dividend Cove.. 0.00 % 0.65 %

-0.06 (-0.33%)

CAD0.77B
HFY:CA Hamilton Global Financial.. 0.00 % 1.15 %

N/A

CAD0.06B
DXC:CA Dynamic Active Canadian D.. 0.00 % 0.75 %

-0.27 (-0.99%)

CAD0.05B
ZWB:CA BMO Covered Call Canadian.. 0.00 % 0.65 %

-0.09 (-0.47%)

CAD1.83B
ZST:CA BMO Ultra Short-Term Bond.. 0.00 % 0.15 %

-0.02 (-0.04%)

CAD1.05B
ZPR:CA BMO Laddered Preferred Sh.. 0.00 % 0.45 %

-0.01 (-0.09%)

CAD1.99B
ZEB:CA BMO Equal Weight Banks In.. 0.00 % 0.55 %

-0.04 (-0.12%)

CAD1.46B
ZCN:CA BMO S&P/TSX Capped Compos.. 0.00 % 0.05 %

-0.24 (-0.97%)

CAD4.46B
CEW:CA iShares Equal Weight Banc.. 0.00 % 0.55 %

-0.13 (-0.91%)

CAD0.16B
XTR:CA iShares Diversified Month.. 0.00 % 0.55 %

-0.06 (-0.54%)

CAD0.58B
XMV:CA iShares MSCI Min Vol Cana.. 0.00 % 0.30 %

-0.21 (-0.67%)

CAD0.12B
XFN:CA iShares S&P/TSX Capped Fi.. 0.00 % 0.55 %

-0.22 (-0.53%)

CAD1.13B
XDV:CA iShares Canadian Select D.. 0.00 % 0.50 %

-0.18 (-0.69%)

CAD1.34B
XCV:CA iShares Canadian Value In.. 0.00 % 0.50 %

-0.20 (-0.73%)

CAD0.04B
VDY:CA Vanguard FTSE Canadian Hi.. 0.00 % 0.20 %

-0.07 (-0.19%)

CAD0.74B
RQJ:CA RBC Target 2022 Corporate.. 0.00 % 0.20 %

-0.01 (-0.05%)

CAD0.08B
RCD:CA RBC Quant Canadian Divide.. 0.00 % 0.39 %

-0.08 (-0.38%)

CAD0.09B
PXC:CA Invesco FTSE RAFI Canadia.. 0.00 % 0.45 %

-0.21 (-0.73%)

CAD0.24B
PDF:CA Purpose Core Dividend Fun.. 0.00 % 0.67 %

-0.17 (-0.62%)

CAD0.15B
PDC:CA Invesco Canadian Dividend.. 0.00 % 0.50 %

-0.14 (-0.51%)

CAD0.66B
HEF:CA Horizons Enhanced Income .. 0.00 % 0.65 %

N/A

CAD0.01B
FIE:CA iShares Canadian Financia.. 0.00 % 0.65 %

-0.04 (-0.55%)

CAD0.76B
CIC:CA CI First Asset CanBanc In.. 0.00 % 0.65 %

-0.02 (-0.18%)

CAD0.15B
HFY-U:CA Hamilton Global Financial.. 0.00 % 1.20 %

N/A

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Banks-Diversified)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 11.50% 80% B- 76% C
Dividend Return N/A N/A N/A N/A N/A
Total Return 11.50% 70% C- 75% C
Trailing 12 Months  
Capital Gain 19.46% 60% D- 65% D
Dividend Return 5.76% 100% A+ 90% A-
Total Return 25.22% 60% D- 70% C-
Trailing 5 Years  
Capital Gain 30.68% 33% F 58% F
Dividend Return 28.88% 83% B 85% B
Total Return 59.56% 33% F 67% D+
Average Annual (5 Year Horizon)  
Capital Gain -0.78% 20% F 37% F
Dividend Return 4.89% 100% A+ 91% A-
Total Return 4.11% 60% D- 60% D-
Risk Return Profile  
Volatility (Standard Deviation) 11.14% 60% D- 55% F
Risk Adjusted Return 36.92% 40% F 55% F
Market Capitalization 54.28B 33% F 97% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Banks-Diversified)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 13.25 30% F 61% D-
Price/Book Ratio 1.37 83% B 60% D-
Price / Cash Flow Ratio -2.49 67% D+ 79% C+
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity 10.36% 30% F 75% C
Return on Invested Capital -2.22% 20% F 32% F
Return on Assets 0.58% 10% F 44% F
Debt to Equity Ratio 17.52% 40% F 76% C
Technical Ratios  
Short Ratio 13.89 20% F 4% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.99 40% F 56% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector