Analysis Canadian Imperial Bank of Commerce (CM)
6/1/2024
Analysis of Canadian Imperial Bank of Commerce (CM)
The Canadian Imperial Bank of Commerce (CM) has shown some interesting price movements and technical indicators in the recent days:1. Price Movement:
- The closing price on May 31st was $49.54, which was lower than the opening price of $50.86. This indicates a bearish sentiment in the market.
- The price has been fluctuating between $48.18 and $50.86 in the past few days, showing some volatility in the stock.
2. Technical Indicators:
- RSI Indicator: The Relative Strength Index (RSI) has been hovering around 50, indicating a neutral sentiment in the market.
- MACD Indicator: The MACD line is positive, but the MACD line is below the signal line, suggesting a potential bearish signal.
- Moving Averages: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all showing a slight downward trend, indicating a possible bearish sentiment.
Overall, based on the price movements and technical indicators, the Canadian Imperial Bank of Commerce stock seems to be facing some bearish pressure in the short term. Traders and investors may want to closely monitor the stock for further developments before making any trading decisions.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The results for the quarter ending on January 31, 2025, were released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuations metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive current ratio and a high total debt to equity ratio. The profit margin and operating margin are also healthy, indicating efficient operations. The company's fiscal year ends in September 2023, and it has shown a positive return on assets and return on equity.
Looking at stock statistics, the company has a low short ratio and a significant percentage of shares held by institutions. The stock price summary shows volatility with a beta of 1.264 and a fluctuation between the fifty-two-week low and high.
Valuation metrics reveal a high price-to-book ratio and price-to-sales ratio, as well as a relatively high PEG ratio. The company's market capitalization and enterprise value are substantial, with moderate forward and trailing P/E ratios.
Lastly, the dividends and splits information shows a consistent dividend yield and payout ratio, with details on dividend dates and historical splits.
Income statement 💸
Here are the revenue figures for the company over the past four fiscal years:- 2020: $274,515,000,000
- 2021: $365,817,000,000
- 2022: $394,328,000,000
- 2023: $383,285,000,000
From these numbers, we can observe that the company has experienced a steady increase in revenue from 2020 to 2022, with a slight decrease in 2023. This trend indicates a general growth in the company's top line over the past few years, although there was a slight dip in the most recent fiscal year.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, from $323.9 billion in 2018 to $352.8 billion in 2023.
2. Current assets have fluctuated but generally increased over the years, indicating improved liquidity.
3. Non-current assets have also shown an increasing trend, suggesting long-term investment and growth.
4. Total liabilities have been increasing, but at a slower pace compared to assets, indicating improved financial stability.
5. Shareholders' equity has been fluctuating but has shown an overall increasing trend, reflecting a positive shareholder position.
6. The company has been managing its short-term and long-term debts effectively, as the debt levels have been relatively stable compared to the asset growth.
7. The company has been investing in non-current assets such as machinery, furniture, and equipment, which indicates a focus on long-term growth and operational efficiency.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show significant variations, with large amounts being spent on common stock repurchase and debt issuance.
6. Investing activities also vary, with significant amounts being spent on the sale and purchase of investments, as well as capital expenditures.
7. Overall, the company's financial performance seems to be stable, with some fluctuations in key financial metrics.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share (EPS):1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This also indicates growth from the EPS of $1.35 in the same quarter last year.
3. Looking at the estimates for the current fiscal year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects an increase from the EPS of $5.67 for the previous fiscal year.
4. For the next fiscal year ending on September 30, 2025, the average EPS estimate is $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This suggests further growth compared to the EPS of $6.10 in the current fiscal year.
Overall, the analysts' estimates point towards a positive trend of increasing earnings per share for the company in both the short term and the long term.
Revenue estimate
The analysts' estimates for the future quarterly and annual sales of the company indicate a consistent growth trend.1. For the current quarter ending on June 30, 2024, the average sales estimate is $77,545,400,000, with a sales growth of 2% compared to the same period last year.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $85,501,800,000, showing a sales growth of 3% compared to the previous year.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $357,772,000,000, with a sales growth of 1% compared to the previous fiscal year.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $380,772,000,000, indicating a significant sales growth of 6% compared to the current fiscal year.
Overall, the estimates suggest a positive outlook for the company's sales performance, with a steady growth trajectory in both the quarterly and annual sales figures.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average annual growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated average annual growth rate for the next 5 years is 11%.
These estimates suggest a positive growth trend for the company, with a slightly lower growth rate expected in the near term compared to the historical average. However, the company is still projected to experience solid growth both in the short and long term.
Price target
Based on the analysts' forecast, the future price of the security is expected to range between $164 (low) and $250 (high), with a median estimate of $200 and an average estimate of $202.26. The current price of the security is $191.57.MACD of CM
This is not investment advice. Remember to verify the information provided here.
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