Canadian Imperial Bank Stock Working Capital
| CM Stock | USD 47.42 0.60 1.25% |
Canadian Imperial Bank fundamentals help investors to digest information that contributes to Canadian Imperial's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Imperial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Imperial stock.
| Last Reported | Projected for Next Year | ||
| Change In Working Capital | 2.7 B | 1.9 B | |
| Working Capital | 0.00 | 0.00 |
Canadian | Working Capital |
Canadian Imperial Bank Company Working Capital Analysis
Canadian Imperial's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Canadian Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Canadian Imperial is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Working Capital. Since Canadian Imperial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Imperial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Imperial's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
In accordance with the company's disclosures, Canadian Imperial Bank has a Working Capital of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The working capital for all United States stocks is 100.0% higher than that of the company.
Canadian Imperial Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canadian Imperial from analyzing Canadian Imperial's financial statements. These drivers represent accounts that assess Canadian Imperial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canadian Imperial's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 44.3B | 67.8B | 55.9B | 44.7B | 40.3B | 25.6B | |
| Enterprise Value | 27.6B | 162.7B | 170.0B | 176.1B | 158.5B | 166.4B |
Canadian Imperial ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Imperial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Imperial's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Canadian Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0067 | |||
| Profit Margin | 0.29 % | |||
| Operating Margin | 0.39 % | |||
| Current Valuation | 36.9 B | |||
| Shares Outstanding | 937.27 M | |||
| Shares Owned By Insiders | 0.02 % | |||
| Shares Owned By Institutions | 49.07 % | |||
| Number Of Shares Shorted | 15.9 M | |||
| Price To Earning | 6.34 X | |||
| Price To Book | 1.25 X | |||
| Price To Sales | 2.12 X | |||
| Revenue | 23.29 B | |||
| Gross Profit | 21.31 B | |||
| EBITDA | 8.07 B | |||
| Net Income | 5.03 B | |||
| Cash And Equivalents | 212.28 B | |||
| Cash Per Share | 234.66 X | |||
| Total Debt | 194.5 B | |||
| Debt To Equity | 20.35 % | |||
| Book Value Per Share | 54.91 X | |||
| Cash Flow From Operations | 12.15 B | |||
| Short Ratio | 13.49 X | |||
| Earnings Per Share | 4.76 X | |||
| Price To Earnings To Growth | 3.19 X | |||
| Target Price | 45.44 | |||
| Number Of Employees | 48.05 K | |||
| Beta | 1.1 | |||
| Market Capitalization | 45.01 B | |||
| Total Asset | 975.72 B | |||
| Retained Earnings | 30.4 B | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 4.91 % | |||
| Net Asset | 975.72 B | |||
| Last Dividend Paid | 3.49 |
About Canadian Imperial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Imperial Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Imperial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Imperial Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Canadian Imperial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Imperial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Imperial will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.88 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.91 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.77 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Canadian Imperial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Imperial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Imperial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Imperial Bank to buy it.
The correlation of Canadian Imperial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Imperial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Imperial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Imperial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Canadian Imperial Piotroski F Score and Canadian Imperial Altman Z Score analysis. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Canadian Stock analysis
When running Canadian Imperial's price analysis, check to measure Canadian Imperial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Imperial is operating at the current time. Most of Canadian Imperial's value examination focuses on studying past and present price action to predict the probability of Canadian Imperial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Imperial's price. Additionally, you may evaluate how the addition of Canadian Imperial to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Imperial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Imperial. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Imperial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.559 | Dividend Share 3.49 | Earnings Share 4.76 | Revenue Per Share 23.121 | Return On Assets 0.0067 |
The market value of Canadian Imperial Bank is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Imperial's value that differs from its market value or its book value, called intrinsic value, which is Canadian Imperial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Imperial's market value can be influenced by many factors that don't directly affect Canadian Imperial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Imperial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Imperial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Imperial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.