Canadian Imperial Bank of Commerce (TSX:CM)

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Price: 89.89 CAD 0.09%

Market Cap: 84.3B CAD

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Section:

Relative Value

The Relative Value of one CM stock under the Base Case scenario is 85.22 CAD. Compared to the current market price of 89.89 CAD, Canadian Imperial Bank of Commerce is Overvalued by 5%.

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

3.4

P/S

vs History	0
vs Industry	39

Median 5Y

2.5

Industry

2.5

Forward

3.2

More Details

13.1

P/E

vs History	0
vs Industry	43

Median 5Y

10.2

Industry

10.7

Forward

12.1

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	84.9B CAD	3.4	13.1	1.5
US		JPMorgan Chase & Co NYSE:JPM	674.4B USD	3.9	13	2
ZA	S	Standard Bank Group Ltd JSE:SBK	398B Zac	0	0	0
ZA	A	Absa Bank Ltd JSE:ABSP	390B Zac	0	0	0
ZA	C	Capitec Bank Holdings Ltd JSE:CPI	382B Zac	0	0	0
US		Bank of America Corp NYSE:BAC	352.6B USD	3.6	16.1	1.2
CN		Industrial and Commercial Bank of China Ltd SSE:601398	2.2T CNY	2.5	6.3	0.6
US		Wells Fargo & Co NYSE:WFC	242.9B USD	2.9	14.3	1.3
GR	A	Attica Bank SA ATHEX:TATT	226.1B EUR	1 655.3	7 353.9	500.1
CN		Agricultural Bank of China Ltd SSE:601288	1.6T CNY	2.3	6.4	0.5
CN		Bank of China Ltd SSE:601988	1.4T CNY	2.2	6.6	0.5

				Revenue Growth
CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/S: 209.5 3.4	21%
US		JPMorgan Chase & Co NYSE:JPM	3.9	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	3.6	15%
CN		Industrial and Commercial Bank of China Ltd SSE:601398	2.5	-1%
US		Wells Fargo & Co NYSE:WFC	2.9	5%
GR	A	Attica Bank SA ATHEX:TATT	1 655.3	N/A
CN		Agricultural Bank of China Ltd SSE:601288	2.3	7%
CN		Bank of China Ltd SSE:601988	2.2	5%

				Earnings Growth
CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/E: 928.7 13.1	65%
US		JPMorgan Chase & Co NYSE:JPM	13	8%
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	16.1	31%
CN		Industrial and Commercial Bank of China Ltd SSE:601398	6.3	7%
US		Wells Fargo & Co NYSE:WFC	14.3	22%
GR	A	Attica Bank SA ATHEX:TATT	7 353.9	N/A
CN		Agricultural Bank of China Ltd SSE:601288	6.4	13%
CN		Bank of China Ltd SSE:601988	6.6	8%


CA		Canadian Imperial Bank of Commerce TSX:CM	Average P/B: 63.5 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	1.3
GR	A	Attica Bank SA ATHEX:TATT	500.1
CN		Agricultural Bank of China Ltd SSE:601288	0.5
CN		Bank of China Ltd SSE:601988	0.5

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Canadian Imperial Bank of Commerce
TSX:CM

Relative Value

Valuation Multiples

Multiples Across Competitors

CM Competitors Multiples
Canadian Imperial Bank of Commerce Competitors

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52 Week Range	52.15 89.89
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

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Canadian Imperial Bank of Commerce
TSX:CM

CM Competitors Multiples
Canadian Imperial Bank of Commerce Competitors