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Canadian Imperial Bank of Commerce (NYSE: CM) – Is this large market cap stock undervalued?

Canadian Imperial Bank of Commerce (NYSE: CM), is firmly in the large market cap category with market cap of 30528.36. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Canadian Imperial Bank of Commerce is 76.98 (with a change from open of 0.17%), this in conjunction with a target price of 78.08. Volume today has so far reached 150196, with an average volume of about 585.46. The GAP for this stock, is 0.67%.

The P/E ratio is 9.74, bringing the forward P/E to a value of 7.62. The current EPS for Canadian Imperial Bank of Commerce, is 7.84, with a EPS growth for this year coming to a value of 12.90%. Performance has been interesting with performance year to date coming to 18.68%.

Looking further into the growth statistics for Canadian Imperial Bank of Commerce, EPS is looking like it will grow -0.72% in the next year. Looking even further it is projected to be 4.53%. Quarter over quarter is 49.20% for EPS growth and for sales growth quarter over quarter it is 6.30%. Looking at past EPS growth statistics we see that for the past five years it has been 6.10%. Sales growth for the past five years has in fact been 4.80%.

Looking at the ownership, we see that the insider ownership is at 5.67% and institutional ownership is 70.80%. Shares outstanding is 399.9, while shares float is at a value of 394.77. Float short for Canadian Imperial Bank of Commerce is 5.59% and the short ratio is 37.71.

In terms of debt, long term debt/equity is 0.16, while the total debt/equity comes to 0.16. The ability to meet these debts, means that the current ratio is , and the quick ratio is . The most recent gross margin is and their operating margin is 61.50%. The profit margin is 34.50%.

Canadian Imperial Bank of Commerce has seen returns on assets of 0.90%, and on investment, 26.90%. Return on equity is 19.60%. Price/Earnings to growth ratio is 2.15. Price/Sales ratio is at a value of 3.4, with Price/book ratio coming to 1.84 and Price/cash is 0.32, and finally Price/Free cash Flow is 4.24.

The simple moving averages are -0.25% and 6.47% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -5.70% and the 52 week low is 40.05%.

Canadian Imperial Bank of Commerce has a dividend yield of 4.90%, with a current price of 76.98. The ability to pay this means the payout ratio is 45.10%. This is in an industry, Money Center Banks, with equally high dividends from other companies in this sector, which it is Financial. Canadian Imperial Bank of Commerce is based in Canada.

Performance in the Money Center Banks industry means that Canadian Imperial Bank of Commerce has seen performance for the past week of -3.06%, with performance for the month coming to -1.85%. Looking at the data for the quarter it is at a value of -2.24%, and for the half year the performance is 10.39%. Volatility for this week is 1.03% and for the month this is 1.08%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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