Canadian Imperial Bank of Commerce (TSX:CM)

Watchlist Manager

Watchlist

Price: 91.48 CAD 0.41%

Market Cap: 85.7B CAD

Have any thoughts about
Canadian Imperial Bank of Commerce?

Write Note

Section:

Relative Value

The Relative Value of one CM stock under the Base Case scenario is 85.3 CAD. Compared to the current market price of 91.48 CAD, Canadian Imperial Bank of Commerce is Overvalued by 7%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

CM Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.5

P/S

vs History	0
vs Industry	39

Median 5Y

2.5

Industry

2.5

Forward

3.3

More Details

13.4

P/E

vs History	0
vs Industry	43

Median 5Y

10.2

Industry

10.7

Forward

12.4

More Details

1.5

P/B

vs History	0
vs Industry	29

Median 5Y

1.1

Industry

More Details

0.1

Price/Deposits

vs History	0
vs Industry	58

Median 5Y

0.1

Industry

0.1

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

P/B

Forward Multiples

			Market Cap	P/S	P/E	P/B
CA		Canadian Imperial Bank of Commerce TSX:CM	86.4B CAD	3.5	13.4	1.5
US		JPMorgan Chase & Co NYSE:JPM	699.7B USD	4	13.4	2
ZA	S	Standard Bank Group Ltd JSE:SBK	407.1B Zac	0	0	0
ZA	A	Absa Bank Ltd JSE:ABSP	395.2B Zac	0	0	0
ZA	C	Capitec Bank Holdings Ltd JSE:CPI	391.9B Zac	0	0	0
US		Bank of America Corp NYSE:BAC	361.4B USD	3.7	16.5	1.2
CN		Industrial and Commercial Bank of China Ltd SSE:601398	2.2T CNY	2.6	6.2	0.6
US		Wells Fargo & Co NYSE:WFC	254.1B USD	3.1	15	1.4
CN		Agricultural Bank of China Ltd SSE:601288	1.6T CNY	2.3	6.5	0.5
CN		Bank of China Ltd SSE:601988	1.4T CNY	2.2	6.8	0.5
CN		China Construction Bank Corp SSE:601939	1.3T CNY	1.7	4	0.4

				Revenue Growth
CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/S: 2.9 3.5	21%
US		JPMorgan Chase & Co NYSE:JPM	4	12%
ZA	S	Standard Bank Group Ltd JSE:SBK	Not Available	-20%
ZA	A	Absa Bank Ltd JSE:ABSP	Not Available	N/A
ZA	C	Capitec Bank Holdings Ltd JSE:CPI	Not Available	34%
US		Bank of America Corp NYSE:BAC	3.7	15%
CN		Industrial and Commercial Bank of China Ltd SSE:601398	2.6	-1%
US		Wells Fargo & Co NYSE:WFC	3.1	5%
CN		Agricultural Bank of China Ltd SSE:601288	2.3	7%
CN		Bank of China Ltd SSE:601988	2.2	5%
CN		China Construction Bank Corp SSE:601939	1.7	2%

				Earnings Growth
CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/E: 10.2 13.4	65%
US		JPMorgan Chase & Co NYSE:JPM	13.4	7%
ZA	S	Standard Bank Group Ltd JSE:SBK	Not Available	24%
ZA	A	Absa Bank Ltd JSE:ABSP	Not Available	N/A
ZA	C	Capitec Bank Holdings Ltd JSE:CPI	Not Available	75%
US		Bank of America Corp NYSE:BAC	16.5	31%
CN		Industrial and Commercial Bank of China Ltd SSE:601398	6.2	7%
US		Wells Fargo & Co NYSE:WFC	15	20%
CN		Agricultural Bank of China Ltd SSE:601288	6.5	13%
CN		Bank of China Ltd SSE:601988	6.8	8%
CN		China Construction Bank Corp SSE:601939	4	-29%


CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/B: 1 1.5
US		JPMorgan Chase & Co NYSE:JPM	2
ZA	S	Standard Bank Group Ltd JSE:SBK	Not Available
ZA	A	Absa Bank Ltd JSE:ABSP	Not Available
ZA	C	Capitec Bank Holdings Ltd JSE:CPI	Not Available
US		Bank of America Corp NYSE:BAC	1.2
CN		Industrial and Commercial Bank of China Ltd SSE:601398	0.6
US		Wells Fargo & Co NYSE:WFC	1.4
CN		Agricultural Bank of China Ltd SSE:601288	0.5
CN		Bank of China Ltd SSE:601988	0.5
CN		China Construction Bank Corp SSE:601939	0.4

US		Fubotv Inc NYSE:FUBO	Media
US		Bank of America Corp NYSE:BAC	Banking
US		Palantir Technologies Inc NYSE:PLTR	Technology
US	C	C3.ai Inc NYSE:AI	Technology
US		Uber Technologies Inc NYSE:UBER	Road & Rail
CN		NIO Inc NYSE:NIO	Automobiles
US		Fluor Corp NYSE:FLR	Construction
US		Jacobs Engineering Group Inc NYSE:J	Professional Services
US		TopBuild Corp NYSE:BLD	Consumer products
US		Abbott Laboratories NYSE:ABT	Health Care
US		Chevron Corp NYSE:CVX	Energy
US		Occidental Petroleum Corp NYSE:OXY	Energy
US		Matrix Service Co NASDAQ:MTRX	Construction
US		Automatic Data Processing Inc NASDAQ:ADP	Technology
US		Qualcomm Inc NASDAQ:QCOM	Semiconductors
US		Ambarella Inc NASDAQ:AMBA	Semiconductors

Canadian Imperial Bank of Commerce
TSX:CM

Relative Value

Valuation Multiples

Multiples Across Competitors

CM Competitors Multiples
Canadian Imperial Bank of Commerce Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	52.39 91.48
Price Target

Canadian Imperial Bank of Commerce TSX:CM

Relative Value

Valuation Multiples

Multiples Across Competitors

CM Competitors Multiples Canadian Imperial Bank of Commerce Competitors

See Also

Company

Help

Tools

Stocks

Canadian Imperial Bank of Commerce
TSX:CM

CM Competitors Multiples
Canadian Imperial Bank of Commerce Competitors