Canadian Free Cash Flow vs Enterprise Value Analysis

CM Stock

USD 47.54 0.48 1.00%

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 and its Enterprise Value 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 vs Enterprise Value

Free Cash Flow vs Enterprise Value 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 account and Enterprise Value. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Canadian Imperial's Free Cash Flow and Enterprise Value is -0.11. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Enterprise Value 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 and Enterprise Value 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 of Canadian Imperial Bank are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Free Cash Flow i.e., Canadian Imperial's Free Cash Flow and Enterprise Value go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Canadian Imperial theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Canadian Imperial Bank debt, but would also pocket its cash. Enterprise Value is more accurate representation of Canadian Imperial value than its market capitalization because it takes into account all of Canadian Imperial Bank existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

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 25th 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

Interest Expense Depreciation And Amortization

Canadian Imperial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Common Stock	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Current Assets	Accounts Payable	Inventory	Other Current Assets	Short Term Debt
Total Assets		0.92	-0.17	0.14	0.99	0.76	0.84	0.99	-0.26	0.76	0.92	0.81	-0.12	-0.48	1.0	0.9	0.97	0.92	-0.02	0.84	0.91	0.79	0.97	-0.51	-0.41	0.75
Short Long Term Debt Total	0.92		-0.2	0.12	0.9	0.78	0.97	0.91	-0.23	0.7	0.74	0.73	-0.09	-0.31	0.92	0.98	0.82	0.89	0.04	0.72	0.85	0.68	0.91	-0.55	-0.39	0.59
Other Current Liab	-0.17	-0.2		0.23	-0.12	-0.2	-0.17	-0.13	0.72	-0.58	0.01	-0.11	0.71	0.08	-0.17	-0.23	-0.06	-0.22	0.75	-0.2	0.06	-0.51	-0.18	0.09	0.62	0.02
Total Current Liabilities	0.14	0.12	0.23		0.22	0.41	0.06	0.23	-0.21	0.24	0.13	0.35	-0.19	0.52	0.14	0.23	0.13	0.26	-0.08	0.27	0.17	0.2	0.26	-0.7	-0.24	0.11
Total Stockholder Equity	0.99	0.9	-0.12	0.22		0.75	0.81	1.0	-0.29	0.78	0.95	0.84	-0.15	-0.42	0.99	0.88	0.98	0.9	-0.04	0.83	0.9	0.8	0.98	-0.54	-0.42	0.74
Property Plant And Equipment Net	0.76	0.78	-0.2	0.41	0.75		0.65	0.76	-0.28	0.63	0.61	0.81	-0.17	-0.14	0.76	0.83	0.66	0.9	-0.11	0.81	0.65	0.73	0.74	-0.73	-0.58	0.46
Net Debt	0.84	0.97	-0.17	0.06	0.81	0.65		0.82	-0.18	0.63	0.64	0.66	-0.04	-0.27	0.84	0.93	0.74	0.76	0.08	0.55	0.79	0.54	0.84	-0.44	-0.29	0.51
Retained Earnings	0.99	0.91	-0.13	0.23	1.0	0.76	0.82		-0.29	0.78	0.93	0.83	-0.15	-0.41	0.99	0.89	0.97	0.91	-0.03	0.84	0.91	0.79	0.98	-0.55	-0.43	0.76
Non Currrent Assets Other	-0.26	-0.23	0.72	-0.21	-0.29	-0.28	-0.18	-0.29		-0.82	-0.2	-0.36	0.99	-0.26	-0.26	-0.31	-0.26	-0.31	0.93	-0.25	0.07	-0.71	-0.38	0.38	0.59	0.0
Other Assets	0.76	0.7	-0.58	0.24	0.78	0.63	0.63	0.78	-0.82		0.68	0.72	-0.73	-0.09	0.76	0.74	0.74	0.74	-0.63	0.64	0.5	0.93	0.83	-0.56	-0.64	0.45
Common Stock Total Equity	0.92	0.74	0.01	0.13	0.95	0.61	0.64	0.93	-0.2	0.68		0.79	-0.08	-0.57	0.92	0.71	0.99	0.78	-0.02	0.76	0.84	0.72	0.87	-0.37	-0.32	0.76
Common Stock Shares Outstanding	0.81	0.73	-0.11	0.35	0.84	0.81	0.66	0.83	-0.36	0.72	0.79		-0.25	-0.22	0.81	0.74	0.82	0.75	-0.19	0.68	0.71	0.71	0.85	-0.55	-0.47	0.53
Non Current Liabilities Total	-0.12	-0.09	0.71	-0.19	-0.15	-0.17	-0.04	-0.15	0.99	-0.73	-0.08	-0.25		-0.33	-0.12	-0.17	-0.13	-0.18	0.96	-0.14	0.2	-0.62	-0.24	0.32	0.55	0.1
Other Stockholder Equity	-0.48	-0.31	0.08	0.52	-0.42	-0.14	-0.27	-0.41	-0.26	-0.09	-0.57	-0.22	-0.33		-0.48	-0.18	-0.52	-0.27	-0.2	-0.35	-0.49	-0.2	-0.28	-0.4	-0.04	-0.56
Total Liab	1.0	0.92	-0.17	0.14	0.99	0.76	0.84	0.99	-0.26	0.76	0.92	0.81	-0.12	-0.48		0.9	0.96	0.92	-0.01	0.84	0.91	0.79	0.96	-0.5	-0.41	0.74
Property Plant And Equipment Gross	0.9	0.98	-0.23	0.23	0.88	0.83	0.93	0.89	-0.31	0.74	0.71	0.74	-0.17	-0.18	0.9		0.79	0.93	-0.02	0.76	0.8	0.74	0.91	-0.66	-0.46	0.55
Common Stock	0.97	0.82	-0.06	0.13	0.98	0.66	0.74	0.97	-0.26	0.74	0.99	0.82	-0.13	-0.52	0.96	0.79		0.83	-0.05	0.77	0.86	0.76	0.93	-0.41	-0.34	0.76
Cash	0.92	0.89	-0.22	0.26	0.9	0.9	0.76	0.91	-0.31	0.74	0.78	0.75	-0.18	-0.27	0.92	0.93	0.83		-0.06	0.92	0.79	0.84	0.89	-0.7	-0.54	0.62
Non Current Assets Total	-0.02	0.04	0.75	-0.08	-0.04	-0.11	0.08	-0.03	0.93	-0.63	-0.02	-0.19	0.96	-0.2	-0.01	-0.02	-0.05	-0.06		-0.05	0.31	-0.54	-0.1	0.14	0.52	0.13
Cash And Short Term Investments	0.84	0.72	-0.2	0.27	0.83	0.81	0.55	0.84	-0.25	0.64	0.76	0.68	-0.14	-0.35	0.84	0.76	0.77	0.92	-0.05		0.73	0.82	0.8	-0.58	-0.45	0.64
Net Receivables	0.91	0.85	0.06	0.17	0.9	0.65	0.79	0.91	0.07	0.5	0.84	0.71	0.2	-0.49	0.91	0.8	0.86	0.79	0.31	0.73		0.5	0.87	-0.48	-0.35	0.74
Total Current Assets	0.79	0.68	-0.51	0.2	0.8	0.73	0.54	0.79	-0.71	0.93	0.72	0.71	-0.62	-0.2	0.79	0.74	0.76	0.84	-0.54	0.82	0.5		0.8	-0.56	-0.6	0.48
Accounts Payable	0.97	0.91	-0.18	0.26	0.98	0.74	0.84	0.98	-0.38	0.83	0.87	0.85	-0.24	-0.28	0.96	0.91	0.93	0.89	-0.1	0.8	0.87	0.8		-0.62	-0.47	0.65
Inventory	-0.51	-0.55	0.09	-0.7	-0.54	-0.73	-0.44	-0.55	0.38	-0.56	-0.37	-0.55	0.32	-0.4	-0.5	-0.66	-0.41	-0.7	0.14	-0.58	-0.48	-0.56	-0.62		0.68	-0.19
Other Current Assets	-0.41	-0.39	0.62	-0.24	-0.42	-0.58	-0.29	-0.43	0.59	-0.64	-0.32	-0.47	0.55	-0.04	-0.41	-0.46	-0.34	-0.54	0.52	-0.45	-0.35	-0.6	-0.47	0.68		-0.1
Short Term Debt	0.75	0.59	0.02	0.11	0.74	0.46	0.51	0.76	0.0	0.45	0.76	0.53	0.1	-0.56	0.74	0.55	0.76	0.62	0.13	0.64	0.74	0.48	0.65	-0.19	-0.1

Click cells to compare fundamentals

Canadian Imperial Account Relationship Matchups

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

Canadian Imperial Investors Sentiment

The influence of Canadian Imperial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canadian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Canadian Imperial's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Imperial Bank. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Canadian Imperial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Imperial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canadian Imperial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Imperial.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Imperial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Imperial's short interest history, or implied volatility extrapolated from Canadian Imperial options trading.

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	Pair Corr
0.91	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr
0.77	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Canadian Imperial Bank is a strong investment it is important to analyze Canadian Imperial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canadian Imperial's future performance. For an informed investment choice regarding Canadian Stock, refer to the following important reports:

How To Invest In Canadian

Details

Is Canadian Stock a good investment?

Details

What is Canadian Imperial's Net Worth?

Details

Largest Diversified Banks Companies

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Largest Banks - Diversified Companies

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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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

4.76

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Canadian Free Cash Flow vs Enterprise Value Analysis

Free Cash Flow vs Enterprise Value

Free Cash Flow vs Enterprise Value Correlation Analysis

Correlation Coefficient

Free Cash Flow

Enterprise Value

Canadian Imperial fundamental ratios Correlations

Canadian Imperial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Imperial fundamental ratios Accounts

Canadian Imperial Investors Sentiment

Pair Trading with Canadian Imperial

Moving together with Canadian Stock

Complementary Tools for Canadian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Retained Earnings

Other Assets	- 0.82	Non Currrent Assets Other
Non Current Liabilities Total	- 0.73	Other Assets
Inventory	- 0.73	Property Plant And Equipment Net
Total Current Assets	- 0.71	Non Currrent Assets Other
Inventory	- 0.7	Cash
Inventory	- 0.7	Total Current Liabilities