Canadian Free Cash Flow per Share vs Book Value per Share Analysis
CM Stock | USD 47.69 0.12 0.25% |
Canadian Imperial financial indicator trend analysis is way more than just evaluating Canadian Imperial Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Imperial Bank is a good investment. Please check the relationship between Canadian Imperial Free Cash Flow Per Share and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Free Cash Flow Per Share vs Book Value Per Share
Free Cash Flow per Share vs Book Value per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Imperial Bank Free Cash Flow per Share account and Book Value per Share. At this time, the significance of the direction appears to have weak relationship.
The correlation between Canadian Imperial's Free Cash Flow per Share and Book Value per Share is 0.34. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Canadian Imperial Bank, assuming nothing else is changed. The correlation between historical values of Canadian Imperial's Free Cash Flow per Share and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Canadian Imperial Bank are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Free Cash Flow per Share i.e., Canadian Imperial's Free Cash Flow per Share and Book Value per Share go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most indicators from Canadian Imperial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Imperial Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Canadian Imperial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 23rd of April 2024, Enterprise Value Over EBITDA is likely to grow to 20.62, while Tax Provision is likely to drop about 1.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.5B | 32.2B | 37.0B | 38.9B | Depreciation And Amortization | 1.0B | 1.1B | 1.3B | 1.4B |
Canadian Imperial fundamental ratios Correlations
Click cells to compare fundamentals
Canadian Imperial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Imperial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 769.6B | 837.7B | 943.6B | 975.7B | 1.1T | 1.2T | |
Short Long Term Debt Total | 45.9B | 164.2B | 187.5B | 194.5B | 223.7B | 234.9B | |
Other Current Liab | (73.6B) | (85.1B) | 436.8B | (90.9B) | (81.8B) | (77.7B) | |
Total Current Liabilities | 73.6B | 85.1B | 91.4B | 90.9B | 81.8B | 44.0B | |
Total Stockholder Equity | 41.2B | 45.6B | 50.2B | 53.0B | 60.9B | 64.0B | |
Property Plant And Equipment Net | 3.0B | 3.3B | 3.4B | 3.3B | 3.7B | 2.3B | |
Net Debt | (16.7B) | 94.9B | 114.1B | 131.3B | 151.0B | 158.6B | |
Retained Earnings | 22.1B | 25.8B | 28.8B | 30.4B | 35.0B | 36.7B | |
Non Currrent Assets Other | (650M) | (402M) | 755.3B | (629M) | (723.4M) | (687.2M) | |
Other Assets | 483.6B | 566.8B | (19.8B) | 657.8B | 756.5B | 794.3B | |
Common Stock Shares Outstanding | 892.0M | 900.4M | 905.7M | 916.2M | 1.1B | 882.8M | |
Liabilities And Stockholders Equity | 769.6B | 837.7B | 943.6B | 975.7B | 1.1T | 1.2T | |
Non Current Liabilities Total | 45.9B | 88.0B | 893.2B | 116.9B | 134.4B | 127.7B | |
Other Stockholder Equity | 117M | 110M | 115M | 109M | 98.1M | 93.2M | |
Total Liab | 728.2B | 791.9B | 893.2B | 922.5B | 1.1T | 1.1T | |
Property Plant And Equipment Gross | 3.0B | 6.4B | 6.9B | 7.0B | 8.0B | 8.4B | |
Accumulated Other Comprehensive Income | 1.4B | 1.1B | 1.6B | 1.5B | 1.7B | 1.8B | |
Common Stock | 13.9B | 14.4B | 14.7B | 16.1B | 18.5B | 19.4B | |
Cash | 62.5B | 69.3B | 73.3B | 63.2B | 72.6B | 76.3B | |
Non Current Assets Total | 159.9B | 172.3B | 943.6B | 223.4B | 257.0B | 384.6B | |
Cash And Short Term Investments | 117.1B | 88.1B | 92.7B | 80.5B | 92.6B | 97.2B | |
Net Receivables | 9.0B | 10.4B | 19.8B | 13.9B | 16.0B | 16.8B | |
Total Current Assets | 126.1B | 98.6B | 19.8B | 94.4B | 108.6B | 114.0B | |
Accounts Payable | 8.7B | 8.8B | 11.2B | 13.2B | 15.2B | 16.0B | |
Inventory | (190.5B) | (196.5B) | (309.7B) | (202.0B) | (181.8B) | (172.7B) | |
Other Current Assets | 190.5B | 196.5B | 217.0B | 202.0B | 232.3B | 273.4B | |
Short Term Debt | 64.9B | 76.2B | 80.2B | 77.7B | 89.3B | 93.8B | |
Other Liab | 10.0B | 10.2B | 12.7B | 11.4B | 10.2B | 18.6B | |
Net Tangible Assets | 31.1B | 35.8B | 39.6B | 42.2B | 48.5B | 50.9B | |
Long Term Debt | 7.2B | 5.9B | 6.3B | 116.8B | 134.4B | 141.1B | |
Good Will | 5.3B | 5.0B | 5.3B | 5.4B | 6.2B | 6.6B | |
Short Term Investments | 54.6B | 18.9B | 19.4B | 17.3B | 19.9B | 21.5B | |
Long Term Investments | 149.7B | 162.1B | 176.5B | 212.0B | 243.8B | 256.0B | |
Short Long Term Debt | 27.1B | 76.2B | 80.2B | 77.7B | 89.3B | 93.8B | |
Intangible Assets | 2.0B | 2.0B | 2.6B | 2.7B | 3.2B | 3.3B | |
Property Plant Equipment | 3.0B | 3.3B | 3.4B | 3.3B | 3.7B | 2.1B | |
Long Term Debt Total | 4.7B | 9.1B | 8.0B | 8.5B | 7.6B | 7.9B | |
Capital Surpluse | 125M | 117M | 110M | 115M | 132.3M | 122.1M |
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
0.9 | C | Citigroup Earnings Call This Week | PairCorr |
0.78 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
0.91 | BML-PG | Bank of America | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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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 4.75 | 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.