CM Valuation

Canadian Imperial Bank of Commerce

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78.440

+1.19(1.540%)1D

Overview
Forecast
Valuation
Earnings

CM Relative Valuation

CM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CM is overvalued; if below, it's undervalued.

Historical Valuation

Canadian Imperial Bank of Commerce (CM) is now in the Overvalued zone, suggesting that its current forward PE ratio of 12.05 is considered Overvalued compared with the five-year average of 9.69. The fair price of Canadian Imperial Bank of Commerce (CM) is between 62.68 to 75.80 according to relative valuation methord. Compared to the current price of 77.25 USD , Canadian Imperial Bank of Commerce is Overvalued By 1.92%.

Relative Value

Fair Zone

62.68-75.80

Current Price：77.25

1.92%

Overvalued

12.05

Trailing

Forward

0.00

EV/EBITDA

Canadian Imperial Bank of Commerce. (CM) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

NaN

EV/EBIT

Canadian Imperial Bank of Commerce. (CM) has a current EV/EBIT of NaN. The 5-year average EV/EBIT is NaN. The thresholds are as follows: Strongly Undervalued below NaN, Undervalued between NaN and NaN, Fairly Valued between NaN and NaN, Overvalued between NaN and NaN, and Strongly Overvalued above NaN. The current Forward EV/EBIT of NaN falls within the range.

3.39

Canadian Imperial Bank of Commerce. (CM) has a current PS of 3.39. The 5-year average PS is 2.66. The thresholds are as follows: Strongly Undervalued below 1.89, Undervalued between 1.89 and 2.27, Fairly Valued between 3.05 and 2.27, Overvalued between 3.05 and 3.44, and Strongly Overvalued above 3.44. The current Forward PS of 3.39 falls within the Overvalued range.

0.00

P/OCF

Canadian Imperial Bank of Commerce. (CM) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Canadian Imperial Bank of Commerce. (CM) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Canadian Imperial Bank of Commerce (CM) has a current Price-to-Book (P/B) ratio of 1.62. Compared to its 3-year average P/B ratio of 1.24 , the current P/B ratio is approximately 31.03% higher. Relative to its 5-year average P/B ratio of 1.33, the current P/B ratio is about 22.33% higher. Canadian Imperial Bank of Commerce (CM) has a Forward Free Cash Flow (FCF) yield of approximately -28.39%. Compared to its 3-year average FCF yield of -33.11%, the current FCF yield is approximately -14.27% lower. Relative to its 5-year average FCF yield of -47.28% , the current FCF yield is about -39.96% lower.

1.62

P/B

Median3y

1.24

Median5y

1.33

-28.39

FCF Yield

Median3y

-33.11

Median5y

-47.28

Competitors Valuation Multiple

The average P/S ratio for CM's competitors is 3.28, providing a benchmark for relative valuation. Canadian Imperial Bank of Commerce Corp (CM) exhibits a P/S ratio of 3.39, which is 3.52% above the industry average. Given its robust revenue growth of 10.27%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

CM.N

Canadian Imperial Bank of Commerce

Truist Financial Corp

Performance Decomposition

Market capitalization of CM increased by 27.30% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 11.59 to 12.88.

The secondary factor is the Revenue Growth, contributed 10.27%to the performance.

Overall, the performance of CM in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.27%

6.47B → 7.14B

Revenue Growth

5.88%

27.73 → 29.36

Margin Expansion

11.15%

11.59 → 12.88

P/E Change

27.30%