This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q1 2024 <-esimtes
Canadian Imperial Bank of Commerce TSX CM NYSE CM https://www.cibc.com Fiscal Yr: Oct 31 1/31/24
Year 10/31/12 10/31/13 10/31/14 10/31/15 10/31/16 10/31/17 10/31/18 10/31/19 10/31/20 10/31/21 10/31/22 10/31/23 10/31/24 10/31/25 10/31/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Date 16-May-22
Split   2
Adjusted Revenue $21,817 $23,357 Impact of items of note on revenue
change
Interest Income $12,075 $11,811 $11,477 $11,483 $12,092 $13,593 $17,505 $20,697 $17,522 $14,741 $22,179 $45,019 -$23,323 12.51% <-IRR #YR-> 10 Interest Income
Other Income $5,055 $5,265 $5,917 $5,941 $6,669 $7,303 $7,769 $8,060 $7,697 $8,556 $9,192 $10,498 17.04% <-IRR #YR-> 5 Other Income
Total $17,130 $17,076 $17,394 $17,424 $18,761 $20,896 $25,274 $28,757 $25,219 $23,297 $31,371 $55,517 225.12% <-Total Growth 10 Total
$23,348 <-12 mths 0.11%
Revenue* $12,549 $12,783 $13,376 $13,856 $15,035 $16,280 $17,834 $18,611 $18,741 $20,015 $21,833 $23,323 $24,141 $25,137 $26,099 82.45% <-Total Growth 10 Revenue
Increase 2.45% 1.86% 4.64% 3.59% 8.51% 8.28% 9.55% 4.36% 0.70% 6.80% 9.08% 6.82% 3.51% 4.13% 3.83% 6.20% <-IRR #YR-> 10 Revenue 82.45%
5 year Running Average $10,105 $11,919 $12,608 $12,963 $13,520 $14,266 $15,276 $16,323 $17,300 $18,296 $19,407 $20,505 $21,611 $22,890 $24,107 5.51% <-IRR #YR-> 5 Revenue 30.78%
Revenue per Share $15.51 $16.01 $16.85 $17.44 $18.93 $18.53 $20.14 $20.90 $20.96 $22.20 $24.10 $25.05 $25.93 $27.00 $28.03 5.58% <-IRR #YR-> 10 5 yr Running Average 72.04%
Increase 1.45% 3.20% 5.23% 3.52% 8.57% -2.13% 8.68% 3.77% 0.31% 5.91% 8.56% 3.95% 3.51% 4.13% 3.83% 6.06% <-IRR #YR-> 5 5 yr Running Average 34.23%
5 year Running Average $12.80 $15.03 $15.81 $16.22 $16.95 $17.55 $18.38 $19.19 $19.89 $20.54 $21.66 $22.64 $23.65 $24.85 $26.02 4.58% <-IRR #YR-> 10 Revenue per Share 56.47%
P/S (Price/Sales) Med 2.37 2.54 2.86 2.77 2.48 2.74 2.92 2.37 2.19 2.83 2.93 2.25 2.19 0.00 0.00 4.46% <-IRR #YR-> 5 Revenue per Share 24.40%
P/S (Price/Sales) Close 2.53 2.77 3.05 2.88 2.65 3.06 2.82 2.69 2.37 3.38 3.43 1.95 2.37 2.27 2.19 4.19% <-IRR #YR-> 10 5 yr Running Average 50.68%
*Revenue in M CDN $  P/S Med 20 yr  2.49 15 yr  2.51 10 yr  2.76 5 yr  2.37 -14.09% Diff M/C 4.26% <-IRR #YR-> 5 5 yr Running Average 23.20%
-$12,783 $0 $0 $0 $0 $0 $0 $0 $0 $0 $23,323
-$17,834 $0 $0 $0 $0 $23,323
-$11,919 $0 $0 $0 $0 $0 $0 $0 $0 $0 $20,505
-$15,276 $0 $0 $0 $0 $20,505
-$16.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.05
-$20.14 $0.00 $0.00 $0.00 $0.00 $25.05
$6.44 <-12 mths -4.17%
Calculated Adjusted profit $3,225 $3,471 $3,562 $3,760 $4,046 $4,595 $5,433 $5,310 $4,326 $6,510 $6,385 $6,157 77.39% <-Total Growth 10 Calculated Adjusted profit
Adjusted Profit CDN$ $3,224 $3,472 $3,563 $3,761 $4,046 $4,594 $5,430 $5,419 $4,445 $6,670 $6,555 $6,461 86.09% <-Total Growth 10 Adjusted Profit CDN$
NCI $8 -$3 -$3 $14 $20 $19 $17 $25 $2 $17 $23 $38 1366.67% <-Total Growth 10 NCI
Preferred Shares etc $158 $87 $87 $45 $38 $52 $89 $111 $122 $158 $171 $267 206.90% <-Total Growth 10 Preferred Shares etc
Adjusted Profit Shareholders $3,058 $3,388 $3,479 $3,702 $3,988 $4,523 $5,324 $5,283 $4,321 $6,495 $6,361 $6,156 81.70% <-Total Growth 10 Adjusted Profit Shareholders
Return on ROE 20.17% 20.48% 19.78% 18.18% 17.75% 15.47% 16.28% 14.85% 11.50% 15.72% 14.05% 12.81% 15.59% <-Median-> 10 Return on ROE
5Yr Median 19.69% 19.69% 19.78% 19.78% 19.78% 18.18% 17.75% 16.28% 15.47% 15.47% 14.85% 14.05% 17.02% <-Median-> 10 5Yr Median
Basic $3.99 $4.33 $4.48 $4.73 $5.12 $5.57 $6.13 $6.10 $4.99 $7.43 $7.26 $7.06 62.95% <-Total Growth 10 AEPS
AEPS* Dilued $3.99 $4.33 $4.47 $4.73 $5.11 $5.56 $6.11 $5.96 $4.85 $7.23 $7.05 $6.72 $6.55 $6.83 $7.51 55.38% <-Total Growth 10 AEPS
Increase 5.42% 8.40% 3.35% 5.70% 8.15% 8.71% 9.99% -2.45% -18.62% 49.07% -2.49% -4.68% -2.53% 4.27% 9.96% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $3.46 $3.64 $3.95 $4.26 $4.52 $4.84 $5.19 $5.49 $5.52 $5.94 $6.24 $6.36 $6.48 $6.88 $6.93 4.51% <-IRR #YR-> 10 AEPS 55.38%
AEPS Yield 10.16% 9.75% 8.69% 9.42% 10.17% 9.78% 10.75% 10.61% 9.76% 9.63% 8.52% 13.74% 10.67% 11.13% 12.24% 1.92% <-IRR #YR-> 5 AEPS 9.98%
Payout Ratio 45.61% 43.93% 44.07% 45.19% 46.48% 45.72% 43.54% 46.98% 60.00% 40.39% 46.67% 51.19% 53.13% 50.95% 46.34% 5.74% <-IRR #YR-> 10 5 yr Running Average 74.78%
5 year Running Average 51.50% 50.05% 46.89% 45.03% 45.06% 45.08% 45.00% 45.58% 48.54% 47.33% 47.51% 49.04% 50.27% 48.47% 49.66% 4.14% <-IRR #YR-> 5 5 yr Running Average 22.49%
Price/AEPS Median 9.21 9.41 10.77 10.22 9.19 9.14 9.61 8.32 9.45 8.70 10.02 8.40 8.66 0.00 0.00 9.32 <-Median-> 10 Price/AEPS Median
Price/AEPS High 9.84 10.25 11.97 11.34 10.22 10.79 10.18 9.75 11.93 10.47 11.80 9.64 9.80 0.00 0.00 10.63 <-Median-> 10 Price/AEPS High
Price/AEPS Low 8.58 8.57 9.56 9.10 8.15 7.50 9.04 6.90 6.97 6.93 8.23 7.17 7.51 0.00 0.00 7.83 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 9.84 10.25 11.51 10.61 9.83 10.22 9.30 9.42 10.25 10.39 11.73 7.28 9.37 8.99 8.17 10.23 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 10.38 11.12 11.89 11.22 10.63 11.11 10.23 9.19 8.34 15.48 11.44 6.94 9.13 9.37 8.99 10.87 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 46.10% 5 Yrs   46.98% P/CF 5 Yrs   in order 8.70 10.47 6.97 10.25 7.73% Diff M/C DPR 75% to 95% best
$6.45 <-12 mths 25.00%
Difference Basic and Diluted 0.13% 0.12% 0.13% 0.22% 0.19% 0.18% 0.34% 0.27% 0.12% 0.29% 0.30% 0.00% 0.21% <-Median-> 10 Difference Basic and Diluted
EPS Basic $3.93 $4.12 $3.94 $4.45 $5.36 $5.63 $5.85 $5.61 $4.12 $6.99 $6.70 $5.16 25.24% <-Total Growth 10 EPS Basic
EPS Diluted* $3.93 $4.12 $3.93 $4.44 $5.35 $5.62 $5.83 $5.60 $4.11 $6.97 $6.68 $5.16 $6.46 $7.15 $7.51 25.39% <-Total Growth 10 EPS Diluted
Increase 7.39% 4.84% -4.50% 12.85% 20.63% 5.05% 3.65% -3.95% -26.54% 69.46% -4.09% -22.75% 25.19% 10.68% 5.03% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 9.99% 9.28% 7.64% 8.85% 10.65% 9.90% 10.25% 9.96% 8.27% 9.28% 8.08% 10.55% 10.53% 11.65% 12.24% 2.29% <-IRR #YR-> 10 Earnings per Share 25.39%
5 year Running Average $1.78 $3.19 $3.71 $4.01 $4.35 $4.69 $5.03 $5.37 $5.30 $5.62 $5.84 $5.70 $5.88 $6.48 $6.59 -2.40% <-IRR #YR-> 5 Earnings per Share -11.42%
10 year Running Average $2.23 $2.39 $2.50 $2.97 $3.13 $3.23 $4.11 $4.54 $4.66 $4.99 $5.26 $5.37 $5.62 $5.89 $6.11 5.98% <-IRR #YR-> 10 5 yr Running Average 78.69%
* Diluted ESP per share  E/P 10 Yrs 9.59% 5Yrs 9.28% 2.53% <-IRR #YR-> 5 5 yr Running Average 13.31%
-$4.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.16
-$5.83 $0.00 $0.00 $0.00 $0.00 $5.16
-$3.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.70
-$5.03 $0.00 $0.00 $0.00 $0.00 $5.70
Dividend* $3.61 $3.82 $4.00 Estimates Dividend*
Increase 4.94% 5.82% 4.71% Estimates Increase
Payout Ratio EPS 55.88% 53.43% 53.26% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre-split 1986
Pre-split 1997
Pre-split 2022 $3.64 $3.80 $3.94 $4.27 $4.75 $5.08 $5.32 $5.60 $5.82 $5.84
Dividend* $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.48 $3.48 $3.48 81.05% <-Total Growth 10 Dividends
Increase 3.70% 4.40% 3.68% 8.38% 11.24% 6.95% 4.72% 5.26% 3.93% 0.34% 12.67% 4.56% 1.16% 0.00% 0.00% 30 0 40 Years of data, Count P, N 75.00%
Average Increases 5 Year Running 3.29% 1.79% 2.53% 4.20% 6.28% 6.93% 6.99% 7.31% 6.42% 4.24% 5.39% 5.35% 4.53% 3.75% 3.68% 5.83% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.76 $1.79 $1.84 $1.92 $2.04 $2.18 $2.34 $2.50 $2.66 $2.77 $2.92 $3.07 $3.21 $3.32 $3.43 71.52% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 4.95% 4.67% 4.09% 4.42% 5.06% 5.00% 4.53% 5.65% 6.35% 4.64% 4.66% 6.09% 6.14% 4.83% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 4.63% 4.28% 3.68% 3.98% 4.55% 4.24% 4.28% 4.82% 5.03% 3.86% 3.95% 5.31% 5.42% 4.26% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 5.32% 5.13% 4.61% 4.97% 5.70% 6.10% 4.81% 6.81% 8.61% 5.83% 5.67% 7.14% 7.07% 5.77% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 4.63% 4.28% 3.83% 4.26% 4.73% 4.47% 4.68% 4.99% 5.86% 3.89% 3.98% 7.03% 5.67% 5.67% 5.67% 4.58% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 46.37% 46.17% 50.13% 48.14% 44.39% 45.20% 45.67% 50.04% 70.80% 41.92% 49.25% 66.67% 53.87% 48.67% 46.34% 48.70% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 98.88% 56.13% 49.49% 47.76% 46.89% 46.57% 46.42% 46.64% 50.13% 49.19% 49.97% 53.88% 54.60% 51.24% 52.09% 48.47% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 90.88% 29.25% -9.44% 8.71% 18.47% 90.83% 23.88% 13.38% 4.32% -79.02% 13.12% 26.35% 26.66% #VALUE! #DIV/0! 13.25% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 38.12% 30.88% -37.74% 92.69% 40.79% 42.33% 38.36% 17.32% 11.54% 14.03% 12.06% 12.51% 13.96% #VALUE! #DIV/0! 15.67% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 37.33% 43.45% 45.26% 45.73% 47.41% 44.92% 41.08% 42.65% 63.06% 31.46% 48.58% 40.44% 40.91% #VALUE! #DIV/0! 45.09% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 75.31% 44.41% 40.31% 40.80% 43.82% 45.39% 44.65% 44.09% 46.91% 42.44% 43.25% 42.98% 42.57% #VALUE! #DIV/0! 43.54% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Cl 4.83% 4.58% 5 Yr Med 5 Yr Cl 5.65% 4.99% 5 Yr Med Payout 50.04% 13.12% 42.65% 5.28% <-IRR #YR-> 5 Dividends 29.32%
* Dividends per share  and Cur. 17.41% 23.90% 5 Yr Med and Cur. 0.44% 13.72% Last Div Inc ---> $0.85 $0.87 2.35% 6.12% <-IRR #YR-> 10 Dividends 44.84%
Dividends Growth 15 4.65% <-IRR #YR-> 15 Dividends Growth 15 97.70%
Dividends Growth 20 7.43% <-IRR #YR-> 20 Dividends Growth 20 319.51%
Dividends Growth 25 7.23% <-IRR #YR-> 25 Dividends Growth 25 473.33%
Dividends Growth 30 8.13% <-IRR #YR-> 30 Dividends Growth 30 942.42%
Dividends Growth 35 7.38% <-IRR #YR-> 35 Dividends Growth 30
Dividends Growth 40 6.67% <-IRR #YR-> 40 Dividends Growth 40
Dividends Growth 45 6.67% <-IRR #YR-> 40 Dividends Growth 45
Dividends Growth 5 -$2.66 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 5
Dividends Growth 10 -$1.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 40
Dividends Growth 45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.44 Dividends Growth 45
Historical Dividends High Div 8.18% Low Div 2.58% 10 Yr High 8.46% 10 Yr Low 3.73% Med Div 4.61% Close Div 4.27% Historical Dividends
High/Ave/Median Values Exp. -30.68% Cheap 119.79% Exp. -32.97% 52.02% Cheap 23.00% Cheap 32.66% High/Ave/Median 
Historical Dividends 1988 High Div 7.11% Low Div 2.55% 10 Yr High 8.46% 10 Yr Low 3.73% Med Div 4.51% Close Div 4.15% Historical Dividends 1988
High/Ave/Median Values Exp. -20.25% Cheap 122.37% Exp. -32.97% 52.02% Cheap 25.73% Cheap 36.62% High/Ave/Median 
Future Div Yield Div Yd 7.33% earning in 5 Years at IRR of 5.28% Div Inc. 29.32% Future Dividend Yield
Future Div Yield Div Yd 9.48% earning in 10 Years at IRR of 5.28% Div Inc. 67.25% Future Dividend Yield
Future Div Yield Div Yd 12.26% earning in 15 Years at IRR of 5.28% Div Inc. 116.29% Future Dividend Yield
Future Dividend Paid Div Paid $4.50 earning in 5 Years at IRR of 5.28% Div Inc. 29.32% Future Dividend Paid
Future Dividend Paid Div Paid $5.82 earning in 10 Years at IRR of 5.28% Div Inc. 67.25% Future Dividend Paid
Future Dividend Paid Div Paid $7.53 earning in 15 Years at IRR of 5.28% Div Inc. 116.29% Future Dividend Paid
Dividend Covering Cost Total Div $19.34 over 5 Years at IRR of 5.28% Div Cov. 31.51% Dividend Covering Cost
Dividend Covering Cost Total Div $39.84 over 10 Years at IRR of 5.28% Div Cov. 64.92% Dividend Covering Cost
Dividend Covering Cost Total Div $66.36 over 15 Years at IRR of 5.28% Div Cov. 108.13% Dividend Covering Cost
Yield if held 5 years 3.76% 5.11% 7.41% 6.04% 6.20% 6.91% 6.54% 5.82% 6.03% 6.22% 6.48% 5.86% 7.02% 7.59% 5.53% 6.21% <-Median-> 10 Paid Median Price
Yield if held 10 years 7.92% 7.57% 5.91% 5.74% 5.91% 5.24% 7.15% 10.53% 8.23% 7.62% 8.95% 8.45% 7.23% 7.21% 7.41% 7.38% <-Median-> 10 Paid Median Price
Yield if held 15 years 10.66% 9.03% 11.16% 10.54% 9.48% 11.05% 10.59% 8.41% 7.83% 7.27% 6.79% 9.25% 13.08% 9.84% 9.08% 9.36% <-Median-> 10 Paid Median Price
Yield if held 20 years 23.43% 26.54% 24.53% 25.01% 20.52% 14.88% 12.64% 15.86% 14.37% 11.66% 14.31% 13.70% 10.45% 9.36% 8.66% 14.62% <-Median-> 10 Paid Median Price
Yield if held 25 years 33.96% 35.55% 28.52% 30.90% 34.77% 32.70% 37.15% 34.86% 34.09% 25.23% 19.27% 16.34% 19.72% 17.19% 13.89% 31.80% <-Median-> 10 Paid Median Price
Yield if held 30 years 46.84% 57.69% 51.45% 49.03% 47.39% 49.77% 40.54% 42.11% 42.75% 42.36% 48.04% 43.32% 40.77% 30.06% 47.72% <-Median-> 10 Paid Median Price
Yield if held 35 years 65.58% 81.99% 70.12% 60.28% 61.38% 64.36% 50.38% 50.36% 50.95% 64.97% <-Median-> 6 Paid Median Price
Yield if held 40 years 84.81% 101.90% 83.86% 71.85% 84.81% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 18.16% 24.07% 34.53% 27.09% 26.61% 29.72% 28.70% 25.99% 27.51% 29.46% 28.71% 26.16% 32.34% 36.23% 27.31% 28.10% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 65.16% 63.95% 50.82% 47.69% 46.60% 40.70% 55.47% 81.56% 64.65% 62.69% 69.39% 66.44% 59.32% 61.91% 66.03% 59.08% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 107.44% 93.33% 119.07% 111.14% 96.45% 112.66% 110.46% 88.38% 83.42% 81.01% 70.80% 96.75% 141.86% 111.62% 107.48% 96.60% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 261.67% 305.80% 293.00% 296.43% 235.42% 171.39% 148.81% 189.94% 176.74% 151.66% 176.08% 171.63% 136.53% 128.08% 123.73% 176.41% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 408.77% 440.13% 364.60% 390.59% 425.11% 402.25% 468.92% 448.74% 452.08% 354.90% 256.78% 221.78% 280.82% 258.77% 220.20% 396.42% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 613.50% 778.77% 686.02% 631.23% 612.50% 658.65% 545.71% 582.85% 627.60% 589.96% 683.45% 648.43% 646.69% 503.24% 629.41% <-Median-> 10 Paid Median Price
Cost covered if held 35 years 901.45% 1145.10% 1006.14% 916.75% 884.51% 946.02% 777.92% 823.23% 878.99% 931.39% <-Median-> 6 Paid Median Price
Cost covered if held 40 years 1286.53% 1622.40% 1412.65% 1276.80% 1286.53% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $17,834 $18,611 $18,741 $20,015 $21,833 $23,323 $23,348 <-12 mths 0.11% 30.78% <-Total Growth 5 Revenue Growth  30.78%
AEPS Growth $6.11 $5.96 $4.85 $7.23 $7.05 $6.72 $6.44 <-12 mths -4.17% 9.98% <-Total Growth 5 AEPS Growth 9.98%
Net Income Growth $5,178 $4,985 $3,668 $6,271 $6,049 $4,728 $5,020 <-12 mths 6.18% -9.52% <-Total Growth 5 Net Income Growth -9.52%
Cash Flow Growth $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 23.18% <-Total Growth 5 Cash Flow Growth 23.18%
Dividend Growth $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.48 <-12 mths 1.16% 29.32% <-Total Growth 5 Dividend Growth 29.32%
Stock Price Growth $56.84 $56.16 $49.69 $75.09 $82.72 $48.91 $160.01 <-12 mths 227.15% -16.21% <-Total Growth 5 Stock Price Growth -16.21%
Revenue Growth  $12,783 $13,376 $13,856 $15,035 $16,280 $17,834 $18,611 $18,741 $20,015 $21,833 $23,323 $24,141 <-this year 3.51% 82.45% <-Total Growth 10 Revenue Growth  82.45%
AEPS Growth $4.33 $4.47 $4.73 $5.11 $5.56 $6.11 $5.96 $4.85 $7.23 $7.05 $6.72 $6.55 <-this year -2.53% 55.38% <-Total Growth 10 AEPS Growth 55.38%
Net Income Growth $3,131 $3,131 $3,531 $4,237 $4,647 $5,178 $4,985 $3,668 $6,271 $6,049 $4,728 $5,957 <-this year 25.99% 51.01% <-Total Growth 10 Net Income Growth 51.01%
Cash Flow Growth $5,186 -$16,571 $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 134.36% <-Total Growth 10 Cash Flow Growth 134.36%
Dividend Growth $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.61 <-this year 4.94% 81.05% <-Total Growth 10 Dividend Growth 81.05%
Stock Price Growth $44.35 $51.45 $50.14 $50.25 $56.78 $56.84 $56.16 $49.69 $75.09 $82.72 $48.91 $160.01 <-this year 227.15% 10.28% <-Total Growth 10 Stock Price Growth 10.28%
Dividends on Shares $473.20 $494.00 $512.20 $555.10 $617.50 $660.40 $691.60 $728.00 $756.60 $759.20 $855.40 $894.40 $904.80 $904.80 $904.80 $13,500.50 No of Years 40 Total Dividends 10/31/83
Paid  $10,396.10 $11,793.60 $12,979.20 $11,854.70 $14,242.80 $15,930.20 $13,218.40 $14,047.80 $14,133.60 $19,168.50 $14,240.20 $16,588.00 $15,956.20 $15,956.20 $15,956.20 $15,956.20 No of Years 40 Worth $3.86
$29,456.70
Dividends on Shares $220.22 $229.90 $238.37 $258.34 $287.38 $307.34 $321.86 $338.80 $352.11 $353.32 $398.09 $416.24 $421.08 $421.08 $421.08 $5,921.14 No of Years 30 Total Dividends 12/31/93
Paid  $4,838.19 $5,488.56 $6,040.32 $5,517.00 $6,628.38 $7,413.67 $6,151.64 $6,537.63 $6,577.56 $8,920.73 $6,627.17 $7,719.80 $7,425.77 $7,425.77 $7,425.77 $7,425.77 No of Years 30 Worth $8.28
$13,346.91
Dividends on Shares $45.31 $49.11 $54.63 $58.42 $61.18 $64.40 $66.93 $67.16 $75.67 $79.12 $80.04 $80.04 $80.04 $621.92 No of Years 10 Total Dividends 12/31/13
Paid  $1,043.28 $1,148.16 $1,048.69 $1,259.94 $1,409.21 $1,169.32 $1,242.69 $1,250.28 $1,695.68 $1,259.71 $1,467.40 $1,411.51 $1,411.51 $1,411.51 $1,411.51 No of Years 10 Worth $45.36
$2,033.43
Graham Number AEPS $41.02 $44.90 $47.20 $52.19 $57.04 $64.49 $71.24 $73.18 $67.72 $86.34 $89.01 $88.34 $87.22 $89.06 $93.39 96.73% <-Total Growth 10 Graham Number AEPS
Increase 4.17% 9.48% 5.11% 10.58% 9.29% 13.07% 10.46% 2.73% -7.46% 27.50% 3.09% -0.76% -1.27% 7.20% <-Median-> 10 Graham Price
Price/GP Ratio Med 0.90 0.91 1.02 0.93 0.82 0.79 0.82 0.68 0.68 0.73 0.79 0.64 0.65 0.79 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.96 0.99 1.13 1.03 0.92 0.93 0.87 0.79 0.85 0.88 0.93 0.73 0.74 0.90 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.83 0.83 0.91 0.82 0.73 0.65 0.78 0.56 0.50 0.58 0.65 0.55 0.56 0.65 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.96 0.99 1.09 0.96 0.88 0.88 0.80 0.77 0.73 0.87 0.93 0.55 0.70 0.88 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -4.23% -1.24% 9.00% -3.93% -11.90% -11.96% -20.21% -23.26% -26.63% -13.04% -7.08% -44.63% -29.63% -31.09% -34.29% -12.50% <-Median-> 10 Graham Price
Graham Number EPS $40.68 $43.80 $44.26 $50.57 $58.36 $64.87 $69.56 $70.90 $62.34 $84.75 $86.65 $77.41 $86.61 $91.12 $93.39 76.73% <-Total Growth 10 Graham Number EPS
Increase 5.14% 7.67% 1.04% 14.26% 15.42% 11.15% 7.23% 1.94% -12.08% 35.94% 2.24% -10.66% 11.89% 5.21% 2.49% 4.73% <-Median-> 10 Graham Price
Price/GP Ratio Med 0.90 0.93 1.09 0.95 0.80 0.78 0.84 0.70 0.74 0.74 0.82 0.73 0.65 0.79 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.97 1.01 1.21 1.06 0.89 0.92 0.89 0.82 0.93 0.89 0.96 0.84 0.74 0.91 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.84 0.85 0.97 0.85 0.71 0.64 0.79 0.58 0.54 0.59 0.67 0.62 0.57 0.66 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.97 1.01 1.16 0.99 0.86 0.88 0.82 0.79 0.80 0.89 0.95 0.63 0.71 0.67 0.66 0.87 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -3.44% 1.25% 16.24% -0.84% -13.90% -12.47% -18.28% -20.80% -20.29% -11.40% -4.54% -36.82% -29.15% -32.65% -34.29% -13.18% <-Median-> 10 Graham Price
Month, Year Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 40.17 <Count Years> Month, Year
Pre-split 1997
Pre-split 2022 $79.97 $90.72 $99.84 $91.19 $109.56 $122.54 $101.68 $108.06 $108.72 $147.45 $160.01 $160.01 $160.01 $160.01 $160.01
Price Close $39.99 $45.36 $49.92 $45.60 $54.78 $61.27 $50.84 $54.03 $54.36 $73.73 $54.77 $63.80 $61.37 $61.37 $61.37 40.65% <-Total Growth 10 Stock Price
Increase 8.38% 13.44% 10.05% -8.66% 20.14% 11.85% -17.02% 6.27% 0.61% 35.62% -25.71% 16.49% -3.81% 0.00% 0.00% 13.57 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 10.19 11.02 12.70 10.28 10.24 10.90 8.73 9.66 13.23 10.59 8.20 12.36 9.50 8.58 8.17 4.65% <-IRR #YR-> 5 Stock Price 25.49%
Trailing P/E Ratio 10.94 11.56 12.13 11.60 12.35 11.45 9.05 9.28 9.72 17.94 7.86 9.55 11.89 9.50 8.58 3.47% <-IRR #YR-> 10 Stock Price 40.65%
CAPE (10 Yr P/E) 17.90 19.01 19.94 15.35 17.48 18.94 12.37 11.90 11.68 14.78 10.41 11.89 10.92 10.42 10.05 10.14% <-IRR #YR-> 5 Price & Dividend 60.94%
Median 10, 5 Yrs D.  per yr 5.01% 5.50% % Tot Ret 59.08% 54.20% T P/E 10.58 9.55 P/E:  10.43 10.59 8.48% <-IRR #YR-> 10 Price & Dividend 104.45%
Price  15 D.  per yr 6.02% % Tot Ret 48.90% CAPE Diff -30.02% 6.29% <-IRR #YR-> 15 Stock Price 149.76%
Price  20 D.  per yr 4.54% % Tot Ret 56.41% 3.51% <-IRR #YR-> 20 Stock Price 99.38%
Price  25 D.  per yr 4.76% % Tot Ret 48.95% 4.96% <-IRR #YR-> 25 Stock Price 235.79%
Price  30 D.  per yr 5.83% % Tot Ret 45.30% 7.04% <-IRR #YR-> 30 Stock Price
Price  35 D.  per yr 5.42% % Tot Ret 44.03% 6.89% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 5.91% % Tot Ret 44.87% 7.26% <-IRR #YR-> 40 Stock Price
Price & Dividend 15 12.31% <-IRR #YR-> 15 Price & Dividend 196.25%
Price & Dividend 20 8.05% <-IRR #YR-> 20 Price & Dividend 136.49%
Price & Dividend 25 9.72% <-IRR #YR-> 25 Price & Dividend 298.31%
Price & Dividend 30 12.88% <-IRR #YR-> 30 Price & Dividend 793.48%
Price & Dividend 35 12.32% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 13.18% <-IRR #YR-> 40 Price & Dividend
Price  5 -$50.84 $0.00 $0.00 $0.00 $0.00 $63.80 Price  5
Price 10 -$45.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price 10
Price & Dividend 5 -$50.84 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 5
Price & Dividend 10 -$45.36 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $63.80 Price  40
Price & Dividend 15 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 15
Price & Dividend 20 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 20
Price & Dividend 25 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 25
Price & Dividend 30 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 30
Price & Dividend 35 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 35
Price & Dividend 40 $1.82 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $67.24 Price & Dividend 40
Month, Year Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Oct-26 40.00 <Count Years> Month, Year
Pre-split 2022 $78.56 $88.70 $102.89 $100.28 $100.50 $113.56 $113.68 $112.31 $99.38 $150.17
Price Close $39.28 $44.35 $51.45 $50.14 $50.25 $56.78 $56.84 $56.16 $49.69 $75.09 $82.72 $48.91 $61.37 $61.37 $61.37 10.28% <-Total Growth 10 Stock Price
Increase 4.61% 12.91% 16.00% -2.54% 0.22% 13.00% 0.11% -1.21% -11.51% 51.11% 10.16% -40.87% 25.48% 0.00% 0.00% 0.98% <-IRR #YR-> 10 Stock Price 10.28%
P/E Ratio 10.01 10.78 13.09 11.31 9.39 10.10 9.76 10.04 12.09 10.78 12.38 9.48 9.50 8.58 8.17 -2.96% <-IRR #YR-> 5 Stock Price -13.95%
Trailing P/E Ratio 10.75 11.30 12.50 12.76 11.33 10.61 10.11 9.64 8.88 18.27 11.88 7.32 11.89 9.50 8.58 6.67% <-IRR #YR-> 10 Price & Dividend 32.22%
Median 10, 5 Yrs D.  per yr 5.69% 5.71% % Tot Ret 85.25% 207.74% T P/E 10.97 9.64 P/E:  10.44 10.78 2.75% <-IRR #YR-> 5 Price & Dividend -4.60%
Historical Median
-$44.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.91
-$56.84 $0.00 $0.00 $0.00 $0.00 $48.91
-$44.35 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $52.35
-$56.84 $2.80 $2.91 $2.92 $3.29 $52.35
Price H/L Median $36.75 $40.70 $48.13 $48.29 $46.95 $50.79 $58.71 $49.60 $45.84 $62.88 $70.63 $56.47 $56.70 38.75% <-Total Growth 10 Stock Price
Increase -4.13% 10.76% 18.24% 0.34% -2.78% 8.18% 15.59% -15.52% -7.57% 37.17% 12.32% -20.04% 0.40% 3.33% <-IRR #YR-> 10 Stock Price 38.75%
P/E Ratio 9.36 9.89 12.25 10.89 8.78 9.04 10.08 8.86 11.15 9.03 10.57 10.94 8.78 -0.77% <-IRR #YR-> 5 Stock Price -3.82%
Trailing P/E Ratio 10.05 10.37 11.70 12.29 10.59 9.49 10.45 8.51 8.19 15.30 10.14 8.45 10.99 9.84% <-IRR #YR-> 10 Price & Dividend 62.66%
P/E on Running 5 yr Average 20.66 12.75 12.96 12.04 10.79 10.83 11.67 9.24 8.65 11.18 12.10 9.90 9.65 4.51% <-IRR #YR-> 5 Price & Dividend 5.24%
P/E on Running 10 yr Average 16.45 17.05 19.23 16.26 14.98 15.70 14.28 10.93 9.85 12.61 13.42 10.52 10.09 9.74 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 6.51% 5.29% % Tot Ret 66.15% 117.18% T P/E 10.29 8.51 P/E:  10.33 10.57 Count 40 Years of data
-$40.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $56.47
-$58.71 $0.00 $0.00 $0.00 $0.00 $56.47
-$40.70 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.48 $3.48 $59.91
-$58.71 $2.80 $2.91 $2.92 $3.29 $59.91
High Months Mar 17 Sep 18 Nov 18 Nov 19 Aug 21 Feb 22 Nov 22 Dec 23 High Months
Pre-split 1997
Pre-split 2022 $78.56 $88.70 $107.01 $107.16 $104.46 $119.83 $124.34 $116.19 $115.76 $151.36 $151.36 $151.36
Price High $39.28 $44.35 $53.51 $53.58 $52.23 $59.92 $62.17 $58.10 $57.88 $75.68 $83.22 $64.79 $64.17 46.09% <-Total Growth 10 Stock Price
Increase -8.11% 12.91% 20.64% 0.14% -2.52% 14.71% 3.76% -6.55% -0.37% 30.75% 9.96% -22.15% -0.96% 3.86% <-IRR #YR-> 10 Stock Price 46.09%
P/E Ratio 10.01 10.78 13.61 12.08 9.76 10.66 10.67 10.38 14.08 10.87 12.46 12.56 9.93 0.83% <-IRR #YR-> 5 Stock Price 4.21%
Trailing P/E Ratio 10.75 11.30 13.00 13.63 11.78 11.20 11.06 9.97 10.34 18.41 11.95 9.70 12.44 11.06 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 11.49 10.34 P/E:  11.47 12.46 13.85 P/E Ratio Historical High
-$44.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $64.79
-$62.17 $0.00 $0.00 $0.00 $0.00 $64.79
Low Months Feb 17 Apr 18 Aug 19 Mar 20 Nov 20 Oct 22 Oct 23 Nov 23 Low Months
Price Low $34.22 $37.05 $42.75 $43.00 $41.67 $41.67 $55.25 $41.10 $33.81 $50.08 $58.03 $48.15 $49.22 29.96% <-Total Growth 10 Stock Price
Increase 0.87% 8.29% 15.37% 0.60% -3.10% 0.00% 32.61% -25.61% -17.75% 48.14% 15.87% -17.03% 2.22% 2.66% <-IRR #YR-> 10 Stock Price 29.96%
P/E Ratio 8.72 9.00 10.88 9.70 7.79 7.41 9.48 7.35 8.23 7.19 8.69 9.33 7.62 -2.71% <-IRR #YR-> 5 Stock Price -12.85%
Trailing P/E Ratio 9.36 9.44 10.39 10.94 9.39 7.79 9.83 7.06 6.04 12.18 8.33 7.21 9.54 8.23 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 8.86 7.21 P/E:  8.46 8.23 5.90 P/E Ratio Historical Low
-$37.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.15
Free Cash Flow MS $1,000 $5,000 -$17,000 $18,227 $10,041 $2,457 $9,812 $18,363 $59,990 -$4,170 $21,610 $11,140 122.80% <-Total Growth 10 Free Cash Flow
Change -80.00% 400.00% -440.00% 207.22% -44.91% -75.53% 299.35% 87.15% 226.69% -106.95% 618.23% -48.45% 2.57% <-IRR #YR-> 5 Free Cash Flow MS 13.53%
FCF/CF from Op Ratio 0.62 0.96 1.03 0.94 0.98 1.00 0.99 0.99 0.99 1.25 0.95 0.92 8.34% <-IRR #YR-> 10 Free Cash Flow MS 122.80%
Dividends paid $1,598 $1,622 $1,654 $1,753 $1,917 $1,425 $2,109 $2,406 $2,571 $2,649 $2,972 $2,261 39.40% <-Total Growth 10 Dividends paid
Percentage paid 159.80% 32.44% -9.73% 9.62% 19.09% 58.00% 21.49% 13.10% 4.29% -63.53% 13.75% 20.30% $0.13 <-Median-> 10 Percentage paid
5 Year Coverage -56.78% 66.93% 49.48% 44.70% 37.63% 16.32% 10.36% 12.91% 12.03% 12.03% 5 Year Coverage
Dividend Coverage Ratio 0.63 3.08 -10.28 10.40 5.24 1.72 4.65 7.63 23.33 -1.57 7.27 4.93 5.08 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 2.66 6.13 9.65 7.75 8.31 8.32 5 Year of Coverage
$28,374 <-12 mths 3.65%
Free Cash Flow WSJ $7,670 -$24,908 -$30,316 $4,946 $16,226 $17,967 $27,376 256.92% <-Total Growth 6 Free Cash Flow
Change -424.75% -21.71% 116.31% 228.06% 10.73% 52.37% #NUM! <-IRR #YR-> 5 Free Cash Flow MS
FCF/CF from Op Ratio 3.12 -2.52 -1.63 0.08 -4.87 0.79 2.25 23.62% <-IRR #YR-> 6 Free Cash Flow MS #DIV/0!
Dividends paid $1,425 $2,109 $2,406 $2,571 $2,649 $2,972 $2,261 58.67% <-Total Growth 6 Dividends paid
Percentage paid 18.58% -8.47% -7.94% 51.98% 16.33% 16.54% 8.26% $0.16 <-Median-> 7 Percentage paid
5 Year Coverage 18.58% -20.50% -12.49% -19.98% -42.30% -79.00% 35.52% 5 Year Coverage
Dividend Coverage Ratio 5.38 -11.81 -12.60 1.92 6.13 6.05 12.11 5.38 <-Median-> 7 Dividend Coverage Ratio
5 Year of Coverage -4.88 -8.01 -5.01 -2.36 -1.27 2.82 5 Year of Coverage
Market Cap $31,776 $35,413 $40,850 $39,840 $39,906 $49,888 $50,341 $50,016 $44,431 $67,701 $74,943 $45,540 $57,142 $57,142 $57,142 28.60% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 808.290 802.522 796.840 795.664 791.838 827.126 889.254 890.914 892.042 900.366 905.684 916.233 916.233 14.17% <-Total Growth 10 Diluted
Change 1.77% -0.71% -0.71% -0.15% -0.48% 4.46% 7.51% 0.19% 0.13% 0.93% 0.59% 1.16% 0.00% 1.33% <-IRR #YR-> 10 Diluted
Difference Diluted/Basic -0.11% -0.09% -0.20% -0.16% -0.13% -0.22% -0.35% -0.25% -0.13% -0.27% -0.26% -0.07% -0.07% 0.60% <-IRR #YR-> 5 Diluted
Average # of Shares in Million 807.370 801.760 795.240 794.426 790.778 825.272 886.164 888.648 890.870 897.906 903.312 915.631 915.631 14.20% <-Total Growth 10 Average
Change 1.88% -0.69% -0.81% -0.10% -0.46% 4.36% 7.38% 0.28% 0.25% 0.79% 0.60% 1.36% 0.00% 0.44% <-Median-> 10 Change 296.27%
Difference Basic/Outstanding 0.20% -0.41% -0.15% 0.02% 0.43% 6.47% -0.06% 0.23% 0.37% 0.42% 0.30% 1.69% 1.69% 0.34% <-Median-> 10 Difference Basic/Outstanding -81.52%
$12,154 <-12 mths 0.00%
# of Share in Millions 808.970 798.499 794.043 794.582 794.141 878.627 885.653 890.683 894.171 901.656 906.040 931.099 931.099 931.099 931.099 1.55% <-IRR #YR-> 10 Shares Common 
Increase 0.99% -1.29% -0.56% 0.07% -0.06% 10.64% 0.80% 0.57% 0.39% 0.84% 0.49% 2.77% 0.00% 0.00% 0.00% 1.01% <-IRR #YR-> 5 Shares Shares
CF fr Op $Millon $1,620 $5,186 -$16,571 $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 $12,154 <-12 mths 134.36% <-Total Growth 10 Cash Flow
Increase 211.57% 220.12% -419.53% 217.57% -47.59% -75.94% 301.59% 88.86% 223.56% -105.53% 781.72% -46.49% 0.00% <-12 mths SO Share Iss Buy Back
5 year Running Average $3,512.2 $4,462.6 -$3,838.6 $1,653.2 $3,985.8 $4,153.2 $5,089.4 $12,130.6 $20,293.0 $17,584.4 $21,636.0 $22,093.4 $20,797.2 <-12 mths 395.08% <-Total Growth 10 CF 5 Yr Running
CFPS $2.00 $6.49 -$20.87 $24.52 $12.86 $2.80 $11.14 $20.92 $67.43 -$3.70 $25.07 $13.05 $13.05 <-12 mths 100.99% <-Total Growth 10 Cash Flow per Share
Increase 210.48% 224.32% -421.33% 217.49% -47.56% -78.25% 298.40% 87.80% 222.30% -105.48% 778.42% -47.93% 0.00% <-12 mths 8.89% <-IRR #YR-> 10 Cash Flow 134.36%
5 year Running Average $4.61 $5.80 -$4.87 $2.07 $5.00 $5.16 $6.09 $14.45 $23.03 $19.72 $24.17 $24.56 $22.98 <-12 mths 4.26% <-IRR #YR-> 5 Cash Flow 23.18%
P/CF on Med Price 18.35 6.27 -2.31 1.97 3.65 18.16 5.27 2.37 0.68 -17.02 2.82 4.33 4.34 <-12 mths 7.23% <-IRR #YR-> 10 Cash Flow per Share 100.99%
P/CF on Closing Price 19.62 6.83 -2.47 2.04 3.91 20.30 5.10 2.68 0.74 -20.32 3.30 3.75 4.70 <-12 mths 3.22% <-IRR #YR-> 5 Cash Flow per Share 17.17%
81.26% Diff M/C 15.52% <-IRR #YR-> 10 CFPS 5 yr Running 323.40%
Excl.Working Capital CF $2,324 -$1,694 $20,027 -$15,773 -$6,233 $2,511 -$4,132 -$12,788 -$56,169 $11,700 -$16,579 -$4,233 -$4,233 <-12 mths 32.17% <-IRR #YR-> 5 CFPS 5 yr Running 303.28%
CF fr Op $M WC $3,944 $3,492 $3,456 $3,710 $3,978 $4,968 $5,735 $5,847 $4,126 $8,368 $6,136 $7,921 $7,921 <-12 mths 126.83% <-Total Growth 10 Cash Flow less WC
Increase -5.53% -11.46% -1% 7.35% 7.22% 24.89% 15.44% 1.95% -29.43% 102.81% -26.67% 29.09% 0.00% <-12 mths 8.54% <-IRR #YR-> 10 Cash Flow less WC 126.83%
5 year Running Average $1,887.4 $3,212.4 $3,637.2 $3,755.4 $3,716.0 $3,920.8 $4,369.4 $4,847.6 $4,930.8 $5,808.8 $6,042.4 $6,479.6 $6,894.4 <-12 mths 6.67% <-IRR #YR-> 5 Cash Flow less WC 38.12%
CFPS Excl. WC $4.88 $4.37 $4.35 $4.67 $5.01 $5.65 $6.48 $6.56 $4.61 $9.28 $6.77 $8.51 $8.51 <-12 mths 7.27% <-IRR #YR-> 10 CF less WC 5 Yr Run 101.71%
Increase -6.46% -10.30% 0% 7.28% 7.28% 12.88% 14.52% 1.38% -29.71% 101.13% -27.03% 25.62% 0.00% <-12 mths 8.20% <-IRR #YR-> 5 CF less WC 5 Yr Run 48.29%
5 year Running Average $2.34 $4.03 $4.56 $4.70 $4.66 $4.81 $5.23 $5.67 $5.66 $6.52 $6.74 $7.15 $7.54 <-12 mths 6.88% <-IRR #YR-> 10 CFPS - Less WC 94.53%
P/CF on Median Price 7.54 9.31 11.06 10.34 9.37 8.98 9.07 7.56 9.93 6.78 10.43 6.64 6.66 <-12 mths 5.61% <-IRR #YR-> 5 CFPS - Less WC 31.38%
P/CF on Closing Price 8.06 10.14 11.82 10.74 10.03 10.04 8.78 8.55 10.77 8.09 12.21 5.75 7.21 <-12 mths 5.89% <-IRR #YR-> 10 CFPS 5 yr Running 77.23%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 2.59 5 yr  2.37 P/CF Med 10 yr 9.22 5 yr  7.56 -21.75% Diff M/C 6.44% <-IRR #YR-> 5 CFPS 5 yr Running 36.62%
-$6.49 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.05 Cash Flow per Share
-$11.14 $0.00 $0.00 $0.00 $0.00 $13.05 Cash Flow per Share
-$5.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.56 CFPS 5 yr Running
-$6.09 $0.00 $0.00 $0.00 $0.00 $24.56 CFPS 5 yr Running
-$3,492.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7,921.0 Cash Flow less WC
-$5,735.0 $0.0 $0.0 $0.0 $0.0 $7,921.0 Cash Flow less WC
-$3,212.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $6,479.6 CF less WC 5 Yr Run
-$4,369.4 $0.0 $0.0 $0.0 $0.0 $6,479.6 CF less WC 5 Yr Run
-$4.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.51 CFPS - Less WC
-$6.48 $0.00 $0.00 $0.00 $0.00 $8.51 CFPS - Less WC
OPM Ratio 25.28% 24.49% 23.41% 25.48% 28.18% 28.54% 29.03% 26.79% 19.57% 31.33% 27.71% 20.27% 0.00% -17.24% <-Total Growth 10 OPM Banks use
Increase 6.72% -3.13% -4.43% 8.87% 10.58% 1.29% 1.72% -7.75% -26.93% 60.08% -11.57% -26.83% -100.00% Should increase  or be stable. Net Inc.
Diff from Median -7.2% -10.1% -14.1% -6.5% 3.4% 4.8% 6.6% -1.7% -28.2% 15.0% 1.7% -25.6% -100.0% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio/td> OPM 10 Yrs 27.25% 5 Yrs 26.79% should be  zero, it is a   check on calculations
Covering Assets $315,668 $348,583 $368,903 $404,893 $443,435 $469,340 $539,689 $537,385 $692,488 $750,259 $826,051 $891,238 $891,238 155.67% <-Total Growth 10 Covering Assets Type
Change -4.88% 10.43% 5.83% 9.76% 9.52% 5.84% 14.99% -0.43% 28.86% 8.34% 10.10% 7.89% 0.00% 8.93% <-Median-> 10 Change Lg Term R A
Debt/Covering Assets Ratio 0.95 0.90 0.88 0.91 0.89 0.94 0.85 0.90 0.82 0.83 0.84 0.81 0.81 0.87 <-Median-> 10 Ratio Lg Term R
Deposits/Total Debt Ratio 0.80 0.83 0.82 0.83 0.83 0.82 0.82 0.79 0.78 0.78 0.78 0.78 0.78 0.81 <-Median-> 10 Deposits/Total Debt Ratio Intang/GW
Long Term Debt $300,344 $313,528 $325,393 $366,657 $395,647 $439,706 $461,015 $485,712 $570,740 $621,158 $697,572 $723,376 $723,376 Deposits Debt Liquidity
Change 17.59% 4.39% 3.78% 12.68% 7.91% 11.14% 4.85% 5.36% 17.51% 8.83% 12.30% 3.70% 0.00% 8.37% <-Median-> 10 Change Liq. + CF
Debt/Market Cap Ratio 9.45 8.85 7.97 9.20 9.91 8.81 9.16 9.71 12.85 9.18 9.31 15.88 12.66 9.26 <-Median-> 10 Debt/Market Cap Ratio Debt Ratio
Assets/Current Liabilities Ratio 158.94 176.90 77.65 80.23 82.84 82.91 81.68 105.39 96.21 109.29 85.80 88.72 88.72 84.35 <-Median-> 10 Assets/Current Liab Ratio Leverage
Current Liabilities/Asset Ratio 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 <-Median-> 10 Current Liab/Asset Ratio D/E Ratio
Debt to Cash Flow (Years) 185.40 60.46 0.00 18.82 38.75 178.96 46.72 26.06 9.47 0.00 30.71 59.52 59.52 28.39 <-Median-> 10 Debt to Cash Flow (Years)
Intangibles $656 $756 $967 $1,197 $1,410 $1,797 $1,945 $1,969 $1,961 $2,029 $2,592 $2,742 $2,742 262.70% <-Total Growth 10 Intangibles
Goodwill $1,701 $1,733 $1,450 $1,526 $1,539 $5,367 $5,564 $5,449 $5,253 $4,954 $5,348 $5,425 $5,425 213.04% <-Total Growth 10 Goodwill
Total $2,357 $2,489 $2,417 $2,723 $2,949 $7,164 $7,509 $7,418 $7,214 $6,983 $7,940 $8,167 $8,167 228.12% <-Total Growth 10 Total
Change -7.50% 5.60% -2.89% 12.66% 8.30% 142.93% 4.82% -1.21% -2.75% -3.20% 13.70% 2.86% 0.00% 3.84% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.07 0.07 0.06 0.07 0.07 0.14 0.15 0.15 0.16 0.10 0.11 0.18 0.14 0.12 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $4,727 $6,379 $13,547 $18,637 $14,165 $14,152 $17,691 $17,359 $62,518 $56,997 $63,861 $55,718 $55,718 773.46% <-Total Growth 10 Current Assets
Current Liabilities $2,475 $2,252 $5,343 $5,775 $6,052 $6,818 $7,310 $6,183 $7,999 $7,665 $10,998 $10,998 $10,998 388.37% <-Total Growth 10 Current Liabilities
Liquidity Ratio 1.91 2.83 2.54 3.23 2.34 2.08 2.42 2.81 7.82 7.44 5.81 5.07 5.07 3.02 <-Median-> 10 Ratio
Liq. with CF aft div 1.97 4.46 1.96 6.31 3.72 2.11 3.45 5.42 15.03 5.53 7.60 5.88 5.88 5.88 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.97 1.91 1.96 1.64 1.67 1.64 1.65 1.39 4.39 4.13 2.36 2.04 5.88 2.36 <-Median-> 5 Ratio
Assets $393,385 $398,389 $414,903 $463,309 $501,357 $565,264 $597,099 $651,604 $769,551 $837,683 $943,597 $975,719 $975,719 144.92% <-Total Growth 10 Assets
Liabilities $376,347 $379,960 $396,120 $441,756 $477,684 $534,027 $561,983 $613,024 $728,216 $791,853 $893,215 $922,506 $922,506 142.79% <-Total Growth 10 Liabilities
Debt Ratio 1.05 1.05 1.05 1.05 1.05 1.06 1.06 1.06 1.06 1.06 1.06 1.06 1.06 1.06 <-Median-> 10 Ratio
Estimates BVPS $54.90 $58.30 $60.40
Estimate Book Value $51,117.3 $54,283.1 $56,238.4
P/B Ratio (Close) 1.12 1.05 1.02
Difference from 10 year median -23.96% Diff M/C
Book Value $17,038 $18,429 $18,783 $21,553 $23,673 $31,237 $35,116 $38,580 $41,335 $45,830 $50,382 $53,213 $53,213 188.75% <-Total Growth 10 Book Value
Preferred Share $1,706 $1,706 $1,031 $1,000 $1,000 $1,797 $2,250 $2,825 $3,575 $4,325 $4,923 $4,923 $4,923 188.57% <-Total Growth 10 Preferred Share
NCI $172 $177 $164 $193 $201 $202 $173 $186 $181 $182 $201 $232 $201 31.07% <-Total Growth 10 NCI
Book Value $15,160 $16,546 $17,588 $20,360 $22,472 $29,238 $32,693 $35,569 $37,579 $41,323 $45,258 $48,058 $48,058 $48,058 $48,058 190.45% <-Total Growth 10 Book Value
Book Value per share $18.74 $20.72 $22.15 $25.62 $28.30 $33.28 $36.91 $39.93 $42.03 $45.83 $49.95 $51.61 $51.61 $51.61 $51.61 149.09% <-Total Growth 10 Book Value per Share
Increase 2.93% 10.57% 6.89% 15.68% 10.43% 17.60% 10.93% 8.18% 5.24% 9.05% 8.99% 3.33% 0.00% 0.00% 0.00% -26.37% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.96 1.96 2.17 1.88 1.66 1.53 1.59 1.24 1.09 1.37 1.41 1.09 1.10 0.00 0.00 1.61 P/B Ratio Historical Median
P/B Ratio (Close) 2.10 2.14 2.32 1.96 1.78 1.71 1.54 1.41 1.18 1.64 1.66 0.95 1.19 1.19 1.19 9.56% <-IRR #YR-> 10 Book Value per Share 149.09%
Change 1.63% 2.11% 8.52% -15.75% -9.25% -3.91% -9.76% -8.68% -15.92% 38.57% 1.07% -42.77% 25.48% 0.00% 0.00% 6.93% <-IRR #YR-> 5 Book Value per Share 39.82%
Leverage (A/BK) 25.95 24.08 23.59 22.76 22.31 19.33 18.26 18.32 20.48 20.27 20.85 20.30 20.30 20.30 <-Median-> 5 A/BV
Debt/Equity Ratio 24.83 22.96 22.52 21.70 21.26 18.26 17.19 17.23 19.38 19.16 19.74 19.20 19.20 19.20 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.47 5 yr Med 1.24 -19.12% Diff M/C 24.92 Historical Leverage (A/BK)
-$20.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $51.61
-$36.91 $0.00 $0.00 $0.00 $0.00 $51.61
Comprehensive Income $3,358 $3,445 $3,360 $4,523 $4,047 $4,380 $5,601 $5,243 $4,439 $6,107 $6,813 $4,902 42.29% <-Total Growth 10 Comprehensive Income
Preferred Share $158 $99 $87 $45 $38 $52 $89 $111 $122 $158 $171 $267 169.70% <-Total Growth 10 Comprehensive Income
NCI $8 -$3 -$3 $14 $20 $19 $17 $25 $2 $17 $23 $38 1366.67% <-Total Growth 10 Comprehensive Income
Shareholders $3,192 $3,349 $3,276 $4,464 $3,989 $4,309 $5,495 $5,107 $4,315 $5,932 $6,619 $4,597 37.26% <-Total Growth 10 Comprehensive Income
Increase 15.40% 4.92% -2.18% 36.26% -10.64% 8.02% 27.52% -7.06% -15.51% 37.47% 11.58% -30.55% -7.06% <-Median-> 5 Comprehensive Income
5 Yr Running Average $1,604 $2,559 $2,970 $3,409 $3,654 $3,877 $4,307 $4,673 $4,643 $5,032 $5,494 $5,314 3.22% <-IRR #YR-> 10 Comprehensive Income 37.26%
ROE 21.1% 20.2% 18.6% 21.9% 17.8% 14.7% 16.8% 14.4% 11.5% 14.4% 14.6% 9.6% -3.51% <-IRR #YR-> 5 Comprehensive Income -16.34%
5Yr Median 17.9% 19.0% 19.0% 20.2% 20.2% 18.6% 17.8% 16.8% 14.7% 14.4% 14.4% 14.4% 7.58% <-IRR #YR-> 10 5 Yr Running Average 107.63%
% Difference from NI 0.60% 6.96% 4.63% 26.42% -5.85% -7.27% 6.12% 2.45% 17.64% -5.41% 9.42% -2.77% 4.29% <-IRR #YR-> 5 5 Yr Running Average 23.39%
Median Values Diff 5, 10 yr 3.5% 2.4% 14.4% <-Median-> 5 Return on Equity
-$3,349 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,597
-$5,495 $0 $0 $0 $0 $4,597
-$2,559 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,314
-$4,306.6 $0.0 $0.0 $0.0 $0.0 $5,314.0
Current Liability Coverage Ratio 1.59 1.55 0.65 0.64 0.66 0.73 0.78 0.95 0.52 1.09 0.56 0.72 0.72   CFO / Current Liabilities
5 year Median 0.98 1.47 1.47 1.47 0.66 0.66 0.66 0.73 0.73 0.78 0.78 0.72 0.72 0.72 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 1.00% 0.88% 0.83% 0.80% 0.79% 0.88% 0.96% 0.90% 0.54% 1.00% 0.65% 0.81% 0.81% CFO / Total Assets
5 year Median 0.9% 0.9% 0.9% 0.9% 0.83% 0.83% 0.83% 0.88% 0.88% 0.90% 0.90% 0.81% 0.81% 0.8% <-Median-> 5 Return on Assets 
Return on Assets ROA 0.81% 0.79% 0.75% 0.76% 0.85% 0.82% 0.87% 0.77% 0.48% 0.75% 0.64% 0.48% 0.00% Net  Income/Assets Return on Assets
5Yr Median 0.65% 0.79% 0.79% 0.79% 0.79% 0.79% 0.82% 0.82% 0.82% 0.77% 0.75% 0.64% 0.48% 0.6% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 20.93% 18.92% 17.80% 17.34% 18.85% 15.89% 15.84% 14.02% 9.76% 15.18% 13.37% 9.84% 0.00% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 18.07% 18.92% 18.92% 18.92% 18.85% 17.80% 17.34% 15.89% 15.84% 15.18% 14.02% 13.37% 9.84% 13.4% <-Median-> 5 Return on Equity
$5,020 <-12 mths 0.50%
Net Income $3,339 $3,215 $3,215 $3,590 $4,295 $4,718 $5,284 $5,121 $3,792 $6,446 $6,243 $5,033
NCI $8 -$3 -$3 $14 $20 $19 $17 $25 $2 $17 $23 $38
Net of NCI $3,331 $3,218 $3,218 $3,576 $4,275 $4,699 $5,267 $5,096 $3,790 $6,429 $6,220 $4,995 $5,957 $6,374 $7,200
Preferred Share $158 $87 $87 $45 $38 $52 $89 $111 $122 $158 $171 $267
Shareholders $3,173 $3,131 $3,131 $3,531 $4,237 $4,647 $5,178 $4,985 $3,668 $6,271 $6,049 $4,728 51.01% <-Total Growth 10 Net Income
Increase 9.34% -1.32% 0.00% 12.78% 19.99% 9.68% 11.43% -3.73% -26.42% 70.97% -3.54% -21.84% 19.26% 7.00% 12.96% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1,494 $2,533 $2,924 $3,174 $3,441 $3,735 $4,145 $4,516 $4,543 $4,950 $5,230 $5,140 $4,143.2 $3,409.6 $2,155.4 4.21% <-IRR #YR-> 10 Net Income 51.01%
Operating Cash Flow $1,620 $5,186 -$16,571 $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 -1.80% <-IRR #YR-> 5 Net Income -8.69%
Investment Cash Flow $2,197 -$3,006 $18,788 -$16,501 -$7,383 -$1,965 -$7,987 -$17,889 -$19,408 -$3,506 -$24,391 -$20,763 7.33% <-IRR #YR-> 10 5 Yr Running Average 102.96%
Total Accruals -$644 $951 $914 $549 $1,409 $4,155 $3,298 $4,239 -$37,219 $13,109 $7,725 $13,337 4.40% <-IRR #YR-> 5 5 Yr Running Average 24.02%
Total Assets $393,385 $398,389 $414,903 $463,309 $501,357 $565,264 $597,099 $651,604 $769,551 $837,683 $943,597 $975,719 Balance Sheet Assets
Accruals Ratio -0.16% 0.24% 0.22% 0.12% 0.28% 0.74% 0.55% 0.65% -4.84% 1.56% 0.82% 1.37% 0.82% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.81 0.94 0.90 0.95 1.07 0.99 0.90 0.85 0.89 0.75 0.99 0.61 0.90 <-Median-> 10 EPS/CF Ratio
-$3,131 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,728
-$5,178 $0 $0 $0 $0 $4,728
-$2,533 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,140
-$4,145 $0 $0 $0 $0 $5,140
Change in Close 4.61% 12.91% 16.00% -2.54% 0.22% 13.00% 0.11% -1.21% -11.51% 51.11% 10.16% -40.87% 25.48% 0.00% 0.00% Count 36 Years of data
up/down Count 8 22.22%
Meet Prediction? % right Count 3 37.50%
Financial Cash Flow -$2,690 -$2,630 -$1,833 -$2,903 -$2,436 -$501 -$993 -$1,290 -$1,221 -$1,945 -$1,610 -$2,159 C F Statement  Financial Cash Flow
Total Accruals $2,046 $3,581 $2,747 $3,452 $3,845 $4,656 $4,291 $5,529 -$35,998 $15,054 $9,335 $15,496 Accruals
Accruals Ratio 0.52% 0.90% 0.66% 0.75% 0.77% 0.82% 0.72% 0.85% -4.68% 1.80% 0.99% 1.59% 0.99% <-Median-> 5 Ratio
Cash $2,613 $2,211 $2,694 $3,053 $3,500 $3,440 $4,380 $4,380 $45,351 $34,573 $31,535 $20,816 $20,816 Cash
Cash per Share $3.23 $2.77 $3.39 $3.84 $4.41 $3.92 $4.95 $4.92 $50.72 $38.34 $34.81 $22.36 $22.36 $34.81 <-Median-> 5 Cash per Share
Percentage of Stock Price 8.08% 6.10% 6.80% 8.43% 8.05% 6.39% 9.73% 9.10% 93.30% 52.01% 63.55% 35.04% 36.43% 52.01% <-Median-> 5 % of Stock Price
Notes:
January 14, 2024.  Last estimates were for 2023, 2024 and 2024 of $23235M, $24252M and $25851M for Revenue, $6.83, $6.98 and $7.30 for AEPS, 
$6.44, $6.90 and $6.84 for EPS, $3.53, $3.73 amd $4.85 for Dividends, $54.00 and $56.50 for 2024/5 for BBPS, and $5918M, $5957M and $6198M for Net Income.
January 14, 2023.  Last estimates were for 2022, 2023 and 2024 of $21450M, $22782M and $23244M for Revenue, 
$6.85, $7.15 and $7.10 for EPS, $3.18, $3.37 ad $3.32 for Dividends and $6102M, $6351M and $6451M for Net Income.
January 15, 2022.  Last estimates were for 2021, 2022 and 2023 of $19020M, $19641M and $20955M for Revenue, 
$10.40, $11.30 and $11.80 for EPS, $5.70, $5.80 and $5.89 for Dividends, and $4591M, $4987M and $5361M for Net Income.
January 16, 2021  Last estimates were for 2021, 2022 and 2023 of $19247M, $19746M and $20018M for Revenue, 
$11.80, $12.10 and $13.52 for EPS, $13.00 for CFPS for 2020m $5180M, $5228M and $6021M for Net Income.
January 16, 2020.  Last estimates were for 2019, 2020 and 2021 of $18751M, $19562M and $19922M for Revenue, $12.65, $13.15 and $13.25 for EPS, 
$13.70 and $13.00 for CFPS for 2019 and 2020 and $5479M, $5751M for Net Income for 2019 and 2020.
January 19, 2019.  Last estimates were for 2018, 2019 and 2020 of $17641M, $18539M, and $19436M for Revenue, $11.00, $11.70 and $12.50 for EPS,
 $13.10, $13.70 and $13.00 for CFPS and $4947M, $5255M and $56199M for Net Income.
January 14, 2018.  Last estimates were for 2017, 2018 and 2019 of $15935M, $16833M and $17737M for Revenue, $10.30 amd $10.60 for EPS for 2017 and 2018,
 $11.70, $12.20 and $11.70 for CFPS and $4235M and $4514M for Net Income for 2017 and 2018.
19978 with also Canada Trust's pension and custody business in 1997
In 1996 CIBC Mellon Global Securities Services: formed by CIBC and Mellon Bank Corp. (now Bank of New York Mellon) of Pittsburgh PA.
In 1988, CIBC acquired a majority interest in Wood Gundy which brought a well-respected name and reputation in underwriting. Shortly thereafter, the corporation merged 
Wood Gundy and CIBC Securities under the name CIBC Wood Gundy which became CIBC Oppenheimer in 1997 and later, CIBC World Markets.
Wood, Gundy & Company, the precursor of CIBC's investment banking arm, opened its doors on February 1, 1905
The Canadian Bank of Commerce and the Imperial Bank of Canada merged in June 1, 1961.  At the time, they were two of Canada's largest banks.
The Imperial Bank of Canada (The Imperial) opened in Toronto on March 18, 1875.
CIBC's history begins with the founding of The Canadian Bank of Commerce on May 15, 1867
CIBC has been a dividend payer since 1868.
Sector:
Bank, Financial Services
What should this stock accomplish?
Would I buy this company and Why.
The only reason I would not buy this bank is because I already hold 3 Canadian Banks.
Why am I following this stock. 
This was the only major Canadian Bank I was not following.  I thought I should so I started to track this stock in 2017.
Dividends
Dividends are paid quarterly in Cycle 1 of  January, April, July and October,.  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example, the dividends declared on May 28, 2015 was for shareholders of record of June 29, 2015 and paid on July 28, 2015.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. 
It serves approximately 11 million personal banking and business customers, primarily in Canada.
Adjused '22
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date Jan 14 2018 Jan 19 2019 Jan 17 2020 Jan 16 2021 Jan 15 2022 Jan 15 2023 Jan 14 2024
Dodig, Victor George 0.018 0.00% 0.018 0.00% 0.018 0.00% 0.068 0.01% 0.107 0.01% 0.209 0.02% 0.194 0.02% -7.14%
CEO - Shares - Amount $0.899 $0.965 $0.981 $5.018 $5.864 $13.360 $11.935
Options - percentage 0.491 0.06% 0.603 0.07% 0.663 0.07% 0.701 0.08% 1.593 0.18% 1.966 0.21% 2.418 0.26% 23.03%
Options - amount $24.959 $32.603 $36.037 $51.670 $87.261 $125.414 $148.415
Panossian, Hratch Dikran 0.001 0.00% 0.004 0.00% 0.008 0.00% 0.015 0.00% 0.015 0.00% 3.08%
CFO - Shares - Amount $0.047 $0.267 $0.433 $0.942 $0.934
Options - percentage 0.054 0.01% 0.078 0.01% 0.240 0.03% 0.347 0.04% 0.434 0.05% 24.80%
Options - amount $2.946 $5.778 $13.131 $22.170 $26.614
Glass, Kevin A. 0.004 0.00% 0.004 0.00% Ceased insider Oct 2019
CFO - Shares - Amount $0.200 $0.219
Options - percentage 0.204 0.02% 0.190 0.02%
Options - amount $10.357 $10.271
Beber, Shawn 0.001 0.00% 0.001 0.00% 0.002 0.00% 25.61%
Officer - Shares - Amount $0.059 $0.086 $0.104
Options - percentage 0.270 0.03% 0.361 0.04% 0.433 0.05% 20.02%
Options - amount $14.790 $23.025 $26.582
Culham, Harry Kenneth 0.027 0.00% 0.026 0.00% -1.07%
Sub Exe- Shares - Amount $1.699 $1.617
Options - percentage 1.520 0.16% 1.845 0.20% 21.36%
Options - amount $96.984 $113.215
Brindamour, Charles, J. G. 0.012 0.00% 0.025 0.00% 0.052 0.01% 0.028 0.00% -47.21%
Director - Shares - Amount $0.856 $1.352 $3.331 $1.691
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000
Aljoundi, Ammar 0.008 0.00% 0.012 0.00% 50.00%
Director - Shares - Amount $0.510 $0.736
Options - percentage 0.000 0.00% 0.002 0.00% #DIV/0!
Options - amount $0.000 $0.122
Stevenson, Katharine, Berghuis 0.026 0.00% 0.055 0.01% 0.112 0.01% 0.069 0.01% Chair 2022 -38.54%
Chairman - Shares - Amt $1.950 $3.001 $7.169 $4.238
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000
Manley, John Paul 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.001 0.00% Ceased insider Apr 2021
Chairman - Shares - Amt $0.000 $0.000 $0.000 $0.067
Options - percentage 0.035 0.00% 0.040 0.00% 0.046 0.01% 0.053 0.01%
Options - amount $1.760 $2.143 $2.528 $2.877
Increase in O/S Shares 0.991 0.11% 1.000 0.11% 0.512 0.06% 0.824 0.09% 3.410 0.38% 1.560 0.17% 0.549 0.06%
Due to SO $60.715 $50.823 $27.640 $44.766 $185.375 $85.421 $34.995
Book Value $91.000 $95.000 $52.000 $87.000 $176.000 $85.000 $27.000
Insider Buying -$0.167 -$0.494 -$1.632 -$5.265 -$0.050 $0.000 -$5.679 zero in 2023
Insider Selling $6.697 $4.639 $6.648 $1.726 $28.907 $0.000 $1.744
Net Insider Selling $6.530 $4.145 $5.016 -$3.539 $28.857 $0.000 -$3.935
Net Selling % of Market Cap 0.01% 0.01% 0.01% -0.01% 0.04% 0.00% -0.01%
Directors 17 16 15 15 15 15 14
Women 6 35% 5 31% 7 47% 6 40% 7 47% 7 47% 6 43%
Minorities 0 0% 0 0% 1 7% 1 7% 1 7% 1 7% 2 14%
Institutions/Holdings 405 44.39% 407 44.39% 20 39.22% 20 10.33% 20 41.15% 20 47.56% 20 39.57%
Total Shares Held 195.038 22.02% 201.724 22.65% 174.702 19.54% 46.189 5.17% 371.061 40.95% 431.007 46.29% 368.519 39.58%
Increase/Decrease 3 Mths -7.550 -3.73% 0.315 0.16% -17.253 -8.99% -0.570 -1.22% 16.681 4.71% 5.722 1.35% -7.589 -2.02%
Starting No. of Shares 202.589 NASDAQ 201.409 NASDAQ 191.955 Top 20 MS 46.760 Top 20 MS 354.380 Top 20 MS 425.286 Top 20 MS 376.107 Top 20 MS
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