Now trading at a price of $110.08, Canadian Imperial Bank of Commerce has moved -4.6% so far today.
Canadian Imperial Bank of Commerce returned gains of 70.1% last year, with its stock price reaching a high of $117.05 and a low of $67.28. Over the same period, the stock outperformed the S&P 500 index by 42.9%. More recently, the company's 50-day average price was $105.66. 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. Based in Toronto, Canada, the Large-Cap Finance company has 50,469 full time employees. Canadian Imperial Bank of Commerce has returned a 3.4% dividend yield over the last 12 months, but this may not be sustainable seen that the company has a choppy cash flow record.
A Positive EPS Growth Rate but Positive Cash Flows:
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $5,064 | $5,388 | $5,847 | $6,617 | $7,576 | $8,398 |
| Interest Income (M) | $757 | $5,007 | $9,260 | $9,598 | $7,962 | $7,494 |
| Net Margins | 28% | 22% | 25% | 28% | 28% | 37% |
| Net Income (M) | $1,440 | $1,185 | $1,485 | $1,882 | $2,180 | $3,100 |
| Depreciation & Amort. (M) | $287 | $278 | $1,143 | $1,170 | $1,178 | $301 |
| Earnings Per Share | $3.07 | $1.26 | $1.53 | $1.9 | $2.2 | $3.21 |
| EPS Growth | n/a | -58.96% | 21.43% | 24.18% | 15.79% | 45.91% |
| Free Cash Flow (M) | $8,304 | $8,865 | $12,154 | $11,088 | $13,838 | -$2,150 |
Canadian Imperial Bank of Commerce Trades at a Premium:
Canadian Imperial Bank of Commerce has a trailing twelve month P/E ratio of 15.2, compared to an average of 15.92 for the Finance sector. Based on its EPS guidance of $7.99, the company has a forward P/E ratio of 13.2. According to the 14.6% compound average growth rate of Canadian Imperial Bank of Commerce's historical and projected earnings per share, the company's PEG ratio is 1.04. Taking the weighted average of the company's EPS CAGR and the broader market's 5-year projected EPS growth rate, we obtain a normalized growth rate of 11.5%. On this basis, the company's PEG ratio is 1.32. This implies that the shares are fairly valued. In contrast, Canadian Imperial Bank of Commerce is likely overvalued compared to the book value of its equity, since its P/B ratio of 2.2 is higher than the sector average of 1.78.
Canadian Imperial Bank of Commerce Has an Average Rating of Buy:
The 3 analysts following Canadian Imperial Bank of Commerce have set target prices ranging from $84.155685 to $121.36893 per share, for an average of $106.66 with a buy rating.
The largest shareholder is Royal Bank of Canada, whose 7% stake in the company is worth $7,291,909,209.
