Canadian Imperial Bank Of Commerce


Market Cap$43.58B

Compare Canadian Imperial Bank Of Commerce

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Canadian Imperial Bank Of CommerceCanadian Imperial Bank Of Commerce12.87.3%9%1.12.7
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q4 2023

November 30, 2023 - AI Summary

CIBC reported solid financial results for fiscal 2023, with record revenue of $23.4 billion, up 7% from the previous year.
Adjusted net earnings were $6.5 billion, down 2%, primarily due to higher provisions for credit losses as credit continues to normalize.
The bank achieved positive operating leverage of 1.2% in fiscal 2023 and plans to continue managing expenses to around or below mid-single digits in fiscal 2024.
CIBC is focused on four key strategic priorities: growing its mass affluent wealth franchise, enhancing its digital banking offering, leveraging connectivity for commercial and capital markets clients, and building operational excellence and efficiency.
The bank expects slowing consumer spending and continued global economic growth in response to monetary policy tightening but remains confident that its client-focused strategy and experienced leadership team will deliver profitable growth in fiscal 2024 and beyond.
CIBC announced a $0.03 dividend increase to its common shareholders and has multiple levers available to continue accreting capital.

Current Fair Value

173.8% upside

Undervalued by 173.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$43.58 Billion
Enterprise Value$146.94 Billion
Dividend Yield$3.4136 (7.3%)
Earnings per Share$3.73
Outstanding Shares931,811,338
Avg 30 Day Volume1,767,488


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio12.76
Price to Sales1.08
Price to Book Ratio1.13
Enterprise Value to Revenue3.66
Enterprise Value to EBIT29.21
Enterprise Value to Net Income43
Total Debt to Enterprise0.7
Debt to Equity2.7

Revenue Sources

No data

ESG Score

No data

About Canadian Imperial Bank Of Commerce

CEO: Victor Dodig