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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 4.66
NYSE:CM's Cash-to-Debt is ranked higher than
59% of the 1610 Companies
in the Global Banks - Global industry.

( Industry Median: 2.14 vs. NYSE:CM: 4.66 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:CM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12  Med: 2.44 Max: 8.42
Current: 4.66
0.12
8.42
Equity-to-Asset 0.05
NYSE:CM's Equity-to-Asset is ranked lower than
92% of the 1614 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. NYSE:CM: 0.05 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:CM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.04 Max: 0.05
Current: 0.05
0.04
0.05
Interest Coverage 1.42
NYSE:CM's Interest Coverage is ranked lower than
56% of the 1610 Companies
in the Global Banks - Global industry.

( Industry Median: 1.66 vs. NYSE:CM: 1.42 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:CM' s Interest Coverage Range Over the Past 10 Years
Min: 0.34  Med: 0.91 Max: 1.42
Current: 1.42
0.34
1.42
Piotroski F-Score: 4
Beneish M-Score: -2.32
WACC vs ROIC
15.16%
36.36%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 35.61
NYSE:CM's Operating Margin % is ranked higher than
55% of the 1627 Companies
in the Global Banks - Global industry.

( Industry Median: 31.10 vs. NYSE:CM: 35.61 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:CM' s Operating Margin % Range Over the Past 10 Years
Min: -114.7  Med: 30.95 Max: 35.61
Current: 35.61
-114.7
35.61
Net Margin % 30.02
NYSE:CM's Net Margin % is ranked higher than
67% of the 1625 Companies
in the Global Banks - Global industry.

( Industry Median: 22.46 vs. NYSE:CM: 30.02 )
Ranked among companies with meaningful Net Margin % only.
NYSE:CM' s Net Margin % Range Over the Past 10 Years
Min: -55.47  Med: 24.95 Max: 30.02
Current: 30.02
-55.47
30.02
ROE % 20.47
NYSE:CM's ROE % is ranked higher than
90% of the 1623 Companies
in the Global Banks - Global industry.

( Industry Median: 8.50 vs. NYSE:CM: 20.47 )
Ranked among companies with meaningful ROE % only.
NYSE:CM' s ROE % Range Over the Past 10 Years
Min: -15.08  Med: 18.21 Max: 24.21
Current: 20.47
-15.08
24.21
ROA % 0.95
NYSE:CM's ROA % is ranked lower than
51% of the 1632 Companies
in the Global Banks - Global industry.

( Industry Median: 0.90 vs. NYSE:CM: 0.95 )
Ranked among companies with meaningful ROA % only.
NYSE:CM' s ROA % Range Over the Past 10 Years
Min: -0.59  Med: 0.8 Max: 1.02
Current: 0.95
-0.59
1.02
3-Year Revenue Growth Rate 6.20
NYSE:CM's 3-Year Revenue Growth Rate is ranked higher than
60% of the 1366 Companies
in the Global Banks - Global industry.

( Industry Median: 4.20 vs. NYSE:CM: 6.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:CM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -35.1  Med: 4.1 Max: 45.2
Current: 6.2
-35.1
45.2
3-Year EBITDA Growth Rate 8.60
NYSE:CM's 3-Year EBITDA Growth Rate is ranked higher than
60% of the 1264 Companies
in the Global Banks - Global industry.

( Industry Median: 5.20 vs. NYSE:CM: 8.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:CM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -20.6  Med: 6.6 Max: 26.7
Current: 8.6
-20.6
26.7
3-Year EPS without NRI Growth Rate 9.70
NYSE:CM's 3-Year EPS without NRI Growth Rate is ranked higher than
57% of the 1244 Companies
in the Global Banks - Global industry.

( Industry Median: 7.50 vs. NYSE:CM: 9.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:CM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -29.1  Med: 10.2 Max: 133.9
Current: 9.7
-29.1
133.9
GuruFocus has detected 3 Warning Signs with Canadian Imperial Bank of Commerce $NYSE:CM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:CM's 10-Y Financials

Financials (Next Earnings Date: 2017-05-26)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

CM Guru Trades in Q1 2016

David Dreman 13,424 sh (New)
Jim Simons 227,000 sh (+47.79%)
John Buckingham 45,811 sh (-1.66%)
Jeremy Grantham 493,100 sh (-6.84%)
» More
Q2 2016

CM Guru Trades in Q2 2016

Jim Simons 253,700 sh (+11.76%)
John Buckingham 45,257 sh (-1.21%)
David Dreman 12,816 sh (-4.53%)
Jeremy Grantham 427,700 sh (-13.26%)
» More
Q3 2016

CM Guru Trades in Q3 2016

Jim Simons 593,021 sh (+133.75%)
David Dreman 12,816 sh (unchged)
John Buckingham 44,198 sh (-2.34%)
Jeremy Grantham 342,900 sh (-19.83%)
» More
Q4 2016

CM Guru Trades in Q4 2016

Joel Greenblatt 2,918 sh (New)
Jim Simons 809,121 sh (+36.44%)
David Dreman 13,354 sh (+4.20%)
John Buckingham 44,189 sh (-0.02%)
Jeremy Grantham 264,355 sh (-22.91%)
» More
» Details

Insider Trades

Latest Guru Trades with CM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of Canadian Imperial Bank of Commerce

SymbolPriceYieldDescription
CM.PR.P.Canada21.963.20Non-Cum Red Pfd Shs -A- Series -41-
CM.PR.O.Canada22.473.25Non-Cum Pfd Shs -A- Series -39-
CM.PR.Q.Canada23.842.82Non-Cum Red Pfd Shs -A- Series -43-

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 7021
Compare:NYSE:RBS, OTCPK:SCBFF, OTCPK:CSGKF, NYSE:RY/PT, OTCPK:SVNLY, NYSE:BBVA, OTCPK:FANDY, NYSE:BMO, OTCPK:BKFCF, OTCPK:BCLYF, OTCPK:MLYBY, NYSE:SMFG, OTCPK:NTIOF, NYSE:ING, NYSE:UBS, OTCPK:JBAXY, NAS:EWBC, OTCPK:NABZY, OTCPK:NBGGY, NYSE:NTB » details
Traded in other countries:CM.Canada, CAI.Germany,
Canadian Imperial Bank of Commerce is a Canadian-based financial institution. The Company serves its clients through three business including retail and business banking, wealth management and wholesale banking.

Canadian Imperial Bank of Commerce is a diversified financial institution incorporated in Canada on June 1, 1961. The Company was formed through the amalgamation of The Canadian Bank of Commerce and Imperial Bank of Canada in 1961. The Canadian Bank of Commerce was originally incorporated as Bank of Canada by special act of the legislature of the Province of Canada in 1858. The name was changed to The Canadian Bank of Commerce and it opened for business under that name in 1867. Imperial Bank of Canada was incorporated in 1875 by special act of the Parliament of Canada and commenced operations in that year. The Company is a Canadian-based, financial institution. It serves its clients through three businesses: Retail and Business Banking, Wealth Management and Capital Markets. Retail and Business Banking provides financial advice, as well as banking, investment and authorized insurance products to its clients through the channel that meets their needs. Through its branches, mobile advisors, and telephone, online and mobile banking channels. Wealth Management provides relationship-based advisory services and suite of investment solutions to meet the needs of institutional, retail and high net worth clients. Capital Markets provides integrated markets products and services, investment banking advisory and execution, corporate banking and top-ranked research to corporate, government and institutional clients around the world. Its asset management, retail brokerage and private wealth management businesses combine to create an integrated offer delivered through more than 1,500 advisors across Canada and the U.S. Wholesale Banking provides integrated credit and capital markets products, investment banking advisory services and top-ranked research to corporate, government and institutional clients around the world. The Company's three businesses are supported by five functional groups: Technology and Operations; Finance; Administration; Risk Management and Treasury, as well as other support groups.

Ratios

vs
industry
vs
history
PE Ratio 10.06
CM's PE Ratio is ranked higher than
68% of the 1585 Companies
in the Global Banks - Global industry.

( Industry Median: 14.23 vs. CM: 10.06 )
Ranked among companies with meaningful PE Ratio only.
CM' s PE Ratio Range Over the Past 10 Years
Min: 7.73  Med: 11.22 Max: 46.36
Current: 10.06
7.73
46.36
Forward PE Ratio 11.59
CM's Forward PE Ratio is ranked higher than
76% of the 390 Companies
in the Global Banks - Global industry.

( Industry Median: 16.21 vs. CM: 11.59 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 10.06
CM's PE Ratio without NRI is ranked higher than
69% of the 1517 Companies
in the Global Banks - Global industry.

( Industry Median: 14.53 vs. CM: 10.06 )
Ranked among companies with meaningful PE Ratio without NRI only.
CM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.74  Med: 11.22 Max: 46.36
Current: 10.06
7.74
46.36
PB Ratio 2.01
CM's PB Ratio is ranked lower than
84% of the 1683 Companies
in the Global Banks - Global industry.

( Industry Median: 1.19 vs. CM: 2.01 )
Ranked among companies with meaningful PB Ratio only.
CM' s PB Ratio Range Over the Past 10 Years
Min: 1.3  Med: 2.18 Max: 3.32
Current: 2.01
1.3
3.32
PS Ratio 3.00
CM's PS Ratio is ranked higher than
56% of the 1674 Companies
in the Global Banks - Global industry.

( Industry Median: 3.44 vs. CM: 3.00 )
Ranked among companies with meaningful PS Ratio only.
CM' s PS Ratio Range Over the Past 10 Years
Min: 2.04  Med: 2.66 Max: 6.01
Current: 3
2.04
6.01
Price-to-Free-Cash-Flow 14.71
CM's Price-to-Free-Cash-Flow is ranked higher than
74% of the 868 Companies
in the Global Banks - Global industry.

( Industry Median: 14.80 vs. CM: 14.71 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.39  Med: 6.01 Max: 119.74
Current: 14.71
0.39
119.74
EV-to-EBIT 6.77
CM's EV-to-EBIT is ranked higher than
71% of the 1281 Companies
in the Global Banks - Global industry.

( Industry Median: 12.38 vs. CM: 6.77 )
Ranked among companies with meaningful EV-to-EBIT only.
CM' s EV-to-EBIT Range Over the Past 10 Years
Min: -16.4  Med: 8.7 Max: 140.9
Current: 6.77
-16.4
140.9
EV-to-EBITDA 6.24
CM's EV-to-EBITDA is ranked higher than
72% of the 1295 Companies
in the Global Banks - Global industry.

( Industry Median: 11.35 vs. CM: 6.24 )
Ranked among companies with meaningful EV-to-EBITDA only.
CM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -22.3  Med: 7.6 Max: 47
Current: 6.24
-22.3
47
PEG Ratio 2.15
CM's PEG Ratio is ranked lower than
67% of the 793 Companies
in the Global Banks - Global industry.

( Industry Median: 1.44 vs. CM: 2.15 )
Ranked among companies with meaningful PEG Ratio only.
CM' s PEG Ratio Range Over the Past 10 Years
Min: 0.37  Med: 2.43 Max: 9.04
Current: 2.15
0.37
9.04
Shiller PE Ratio 17.98
CM's Shiller PE Ratio is ranked higher than
64% of the 489 Companies
in the Global Banks - Global industry.

( Industry Median: 21.50 vs. CM: 17.98 )
Ranked among companies with meaningful Shiller PE Ratio only.
CM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.97  Med: 17.24 Max: 24.85
Current: 17.98
9.97
24.85

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.10
CM's Dividend Yield % is ranked higher than
75% of the 2302 Companies
in the Global Banks - Global industry.

( Industry Median: 2.67 vs. CM: 4.10 )
Ranked among companies with meaningful Dividend Yield % only.
CM' s Dividend Yield % Range Over the Past 10 Years
Min: 3.01  Med: 4.56 Max: 9.28
Current: 4.1
3.01
9.28
Dividend Payout Ratio 0.44
CM's Dividend Payout Ratio is ranked higher than
51% of the 1292 Companies
in the Global Banks - Global industry.

( Industry Median: 0.33 vs. CM: 0.44 )
Ranked among companies with meaningful Dividend Payout Ratio only.
CM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.34  Med: 0.49 Max: 1.31
Current: 0.44
0.34
1.31
3-Year Dividend Growth Rate 7.70
CM's 3-Year Dividend Growth Rate is ranked higher than
50% of the 766 Companies
in the Global Banks - Global industry.

( Industry Median: 7.70 vs. CM: 7.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
CM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.2  Med: 7.1 Max: 28.3
Current: 7.7
0.2
28.3
Forward Dividend Yield % 4.16
CM's Forward Dividend Yield % is ranked higher than
73% of the 2243 Companies
in the Global Banks - Global industry.

( Industry Median: 2.84 vs. CM: 4.16 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.49
CM's 5-Year Yield-on-Cost % is ranked higher than
75% of the 2646 Companies
in the Global Banks - Global industry.

( Industry Median: 3.34 vs. CM: 5.49 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
CM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.03  Med: 6.1 Max: 12.42
Current: 5.49
4.03
12.42
3-Year Average Share Buyback Ratio 0.20
CM's 3-Year Average Share Buyback Ratio is ranked higher than
79% of the 1063 Companies
in the Global Banks - Global industry.

( Industry Median: -2.10 vs. CM: 0.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -5.4  Med: 0.6 Max: 4.4
Current: 0.2
-5.4
4.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.29
CM's Price-to-Tangible-Book is ranked lower than
84% of the 1680 Companies
in the Global Banks - Global industry.

( Industry Median: 1.23 vs. CM: 2.29 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.41  Med: 2.43 Max: 3.99
Current: 2.29
1.41
3.99
Earnings Yield (Greenblatt) % 14.80
CM's Earnings Yield (Greenblatt) % is ranked higher than
78% of the 1696 Companies
in the Global Banks - Global industry.

( Industry Median: 5.70 vs. CM: 14.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.7  Med: 11.2 Max: 21.3
Current: 14.8
0.7
21.3
Forward Rate of Return (Yacktman) % 12.75
CM's Forward Rate of Return (Yacktman) % is ranked higher than
61% of the 893 Companies
in the Global Banks - Global industry.

( Industry Median: 11.05 vs. CM: 12.75 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -6.5  Med: 12.2 Max: 38.8
Current: 12.75
-6.5
38.8

More Statistics

Revenue (TTM) (Mil) $11,972
EPS (TTM) $ 9.00
Beta1.18
Short Percentage of Float3.10%
52-Week Range $61.55 - 92.22
Shares Outstanding (Mil)399.56

Analyst Estimate

Oct17 Oct18 Oct19
Revenue (Mil $) 12,335 13,057
EPS ($) 7.89 8.24 9.05
EPS without NRI ($) 7.89 8.24 9.05
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for CM

Headlines

Articles On GuruFocus.com
5 Undervalued Canadian Stocks for Intelligent Investors Feb 23 2017 
The Bank of Montreal: Canada’s Oldest Dividend Payer Dec 08 2016 
A Record Year From the Smallest of the Big 5 Dec 06 2016 
Canada's Best Dividend Growth Stocks for 2017 (and Beyond) Sep 27 2016 
Canadian “Bank-in” for Delicious Yield and Great Value Sep 01 2016 
3 Elite Canadian Banks for Dividends: Toronto-Dominion (Part 3 of 3) Jun 16 2016 
3 Elite Canadian Banks for Dividends: Royal Bank of Canada (Part 1 of 3) Jun 09 2016 
Dividend Yield Investing in Canadian Financials Mar 22 2016 
Weekly Three-Year Low Highlights: CM, MRO, CTL, COH Jul 07 2015 
Bank Dilemma Jun 07 2015 

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