Financials Canadian Imperial Bank of Commerce

Equities

CM

CA1360691010

Banks

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
65.37 CAD +0.94% Intraday chart for Canadian Imperial Bank of Commerce -0.09% +2.46%

Valuation

Fiscal Period: Ottobre 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,964 44,323 67,623 55,971 45,216 60,737 - -
Enterprise Value (EV) 1 49,964 44,323 67,623 55,971 45,216 60,737 60,737 60,737
P/E ratio 10 x 12.1 x 10.8 x 9.26 x 9.48 x 10.1 x 9.33 x 9.2 x
Yield 4.99% 5.86% 3.89% 5.29% 7.03% 5.59% 5.8% 5.65%
Capitalization / Revenue 2.67 x 2.37 x 3.38 x 2.56 x 1.94 x 2.47 x 2.39 x 2.34 x
EV / Revenue 2.67 x 2.37 x 3.38 x 2.56 x 1.94 x 2.47 x 2.39 x 2.34 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 1.18 x 1.11 x 1.06 x
Nbr of stocks (in thousands) 889,747 891,989 900,625 904,657 924,480 937,872 - -
Reference price 2 56.16 49.69 75.08 61.87 48.91 64.76 64.76 64.76
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 24,600 25,425 25,974
EBITDA - - - - - - - -
EBIT 1 8,321 8,176 8,480 9,030 10,184 11,029 11,545 10,033
Operating Margin 44.52% 43.63% 42.37% 41.36% 43.6% 44.83% 45.41% 38.63%
Earnings before Tax (EBT) 1 6,469 4,890 8,322 7,973 6,964 7,723 8,268 8,908
Net income 1 4,985 3,790 6,429 6,220 4,995 5,743 6,121 6,433
Net margin 26.67% 20.22% 32.12% 28.49% 21.39% 23.35% 24.07% 24.77%
EPS 2 5.595 4.110 6.965 6.680 5.160 6.403 6.942 7.039
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 3.618 3.759 3.660
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: Ottobre 2021 Q4 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
Net sales 1 5,064 5,498 5,376 5,571 5,388 5,927 5,702 5,884 5,844 6,221 5,995 6,111 6,174 6,307 6,152
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,929 2,508 2,262 2,388 1,905 2,660 2,475 2,600 2,449 2,862 2,660 2,719 2,688 2,939 2,738
Operating Margin 38.09% 45.62% 42.08% 42.86% 35.36% 44.88% 43.41% 44.19% 41.91% 46.01% 44.38% 44.49% 43.55% 46.6% 44.51%
Earnings before Tax (EBT) 1 1,851 2,400 1,959 2,145 1,469 1,170 2,124 1,807 1,863 2,171 1,939 1,717 1,534 1,384 1,476
Net income 1 1,436 1,864 1,518 1,660 1,178 423 1,677 1,420 1,475 1,716 1,450 1,419 1,337 975 1,074
Net margin 28.36% 33.9% 28.24% 29.8% 21.86% 7.14% 29.41% 24.13% 25.24% 27.58% 24.19% 23.23% 21.65% 15.46% 17.46%
EPS 2 1.535 2.015 1.620 1.780 1.260 0.3900 1.760 1.470 1.530 1.770 1.632 1.700 1.670 1.770 1.780
Dividend per Share 2 0.7300 0.8050 0.8050 0.8300 0.8300 0.8500 0.8500 0.8700 0.8700 0.9000 0.9000 0.9100 0.9100 0.9700 0.9700
Announcement Date 12/2/21 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 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: Ottobre 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% 12.3% 13% 12.9%
ROA (Net income/ Total Assets) 0.8% 0.52% 0.8% 0.69% 0.53% 0.65% 0.68% 0.67%
Assets 1 623,125 728,846 803,625 901,449 942,453 888,162 901,988 960,120
Book Value Per Share 2 39.90 42.00 45.80 50.00 51.60 54.90 58.30 61.10
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
64.76 CAD
Average target price
67.99 CAD
Spread / Average Target
+4.98%
Consensus
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