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. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2024 <-esimtes
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Canadian Imperial Bank of Commerce TSX CM NYSE CM https://www.cibc.com Fiscal Yr: Oct 31
Year 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 10/31/27 10/31/28 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Date 16-May-22
Split   2
$29,510 <-12 mths 1.29%
Adjusted Revenue $12,783 $13,376 $13,856 $15,035 $15,975 $17,832 $18,510 $18,741 $20,015 $21,817 $23,366 $25,606 $29,133 $30,759 $31,901 $31,863 110.26% <-Total Growth 10 Revenue Impact of items of note on revenue
Increase 1.86% 4.64% 3.59% 8.51% 6.25% 11.62% 3.80% 1.25% 6.80% 9.00% 7.10% 9.59% 13.77% 5.58% 3.71% -0.12% 7.71% <-IRR #YR-> 10 Revenue Total Revenue adjusted Newswire
5 year Running Average $11,919 $12,608 $12,963 $13,520 $14,205 $15,215 $16,242 $17,219 $18,215 $19,383 $20,490 $21,909 $23,987 $26,136 $28,153 $29,852 9.22% <-IRR #YR-> 5 Revenue Operating Results - adjusted.
Revenue per Share $16.01 $16.85 $17.44 $18.93 $18.18 $20.13 $20.78 $20.96 $22.20 $24.08 $25.10 $27.17 $31.44 $33.20 $34.43 $34.39 6.35% <-IRR #YR-> 10 5 yr Running Average
Increase 3.20% 5.23% 3.52% 8.57% -3.96% 10.74% 3.22% 0.85% 5.91% 8.48% 4.22% 8.28% 15.70% 5.58% 3.71% -0.12% 6.86% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $15.03 $15.81 $16.22 $16.95 $17.48 $18.31 $19.09 $19.80 $20.45 $21.63 $22.62 $23.90 $26.00 $28.20 $30.27 $32.12 6.07% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 2.54 2.86 2.77 2.48 2.79 2.92 2.39 2.19 2.83 2.93 2.25 2.53 3.10 3.69 0.00 0.00 8.45% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 2.77 3.05 2.88 2.65 3.12 2.82 2.70 2.37 3.38 3.44 1.95 3.21 3.70 3.78 3.64 3.65 4.83% <-IRR #YR-> 10 5 yr Running Average
*Revenue in M CDN $  P/S Med 20 yr  2.53 15 yr  2.54 10 yr  2.66 5 yr  2.83 42.06% Diff M/C 5.60% <-IRR #YR-> 5 5 yr Running Average
Interest Income $11,811 $11,477 $11,483 $12,092 $13,593 $17,505 $20,697 $17,522 $14,741 $22,179 $45,019 $52,185 $48,761 13.56% <-IRR #YR-> 10 Interest Income
Other Income $5,265 $5,917 $5,941 $6,669 $7,303 $7,769 $8,060 $7,697 $8,556 $9,192 $10,498 $11,911 $13,364 19.76% <-IRR #YR-> 5 Other Income
Total $17,076 $17,394 $17,424 $18,761 $20,896 $25,274 $28,757 $25,219 $23,297 $31,371 $55,517 $64,096 $62,125 256.55% <-Total Growth 10 Total
$29,510 <-12 mths 1.29%
Revenue* $12,783 $13,376 $13,856 $15,035 $16,280 $17,834 $18,611 $18,741 $20,015 $21,833 $23,323 $25,606 $29,133 $30,759 $31,901 $31,863 110.26% <-Total Growth 10 Revenue
Increase 1.86% 4.64% 3.59% 8.51% 8.28% 9.55% 4.36% 0.70% 6.80% 9.08% 6.82% 9.79% 13.77% 5.58% 3.71% -0.12% 7.71% <-IRR #YR-> 10 Revenue 110.26%
5 year Running Average $11,919 $12,608 $12,963 $13,520 $14,266 $15,276 $16,323 $17,300 $18,296 $19,407 $20,505 $21,904 $23,982 $26,131 $28,144 $29,852 9.22% <-IRR #YR-> 5 Revenue 55.45%
Revenue per Share $16.01 $16.85 $17.44 $18.93 $18.53 $20.14 $20.90 $20.96 $22.20 $24.10 $25.05 $27.17 $31.44 $33.20 $34.43 $34.39 6.35% <-IRR #YR-> 10 5 yr Running Average 85.01%
Increase 3.20% 5.23% 3.52% 8.57% -2.13% 8.68% 3.77% 0.31% 5.91% 8.56% 3.95% 8.48% 15.70% 5.58% 3.71% -0.12% 6.75% <-IRR #YR-> 5 5 yr Running Average 38.62%
5 year Running Average $15.03 $15.81 $16.22 $16.95 $17.55 $18.38 $19.19 $19.89 $20.54 $21.66 $22.64 $23.90 $25.99 $28.19 $30.26 $32.12 6.07% <-IRR #YR-> 10 Revenue per Share 80.30%
P/S (Price/Sales) Med 2.54 2.86 2.77 2.48 2.74 2.92 2.37 2.19 2.83 2.93 2.25 2.53 3.10 3.69 0.00 0.00 8.45% <-IRR #YR-> 5 Revenue per Share 50.01%
P/S (Price/Sales) Close 2.77 3.05 2.88 2.65 3.06 2.82 2.69 2.37 3.38 3.43 1.95 3.21 3.70 3.78 3.64 3.65 4.83% <-IRR #YR-> 10 5 yr Running Average 60.25%
*Revenue in M CDN $  P/S Med 20 yr  2.53 15 yr  2.54 10 yr  2.63 5 yr  2.83 43.47% Diff M/C 5.50% <-IRR #YR-> 5 5 yr Running Average 30.67%
-$13,856 $0 $0 $0 $0 $0 $0 $0 $0 $0 $29,133
-$18,741 $0 $0 $0 $0 $29,133
-$12,963 $0 $0 $0 $0 $0 $0 $0 $0 $0 $23,982
-$17,300 $0 $0 $0 $0 $23,982
-$17.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.44
-$20.96 $0.00 $0.00 $0.00 $0.00 $31.44
$8.78 <-12 mths 1.97%
Adjusted Profit Shareholders $3,388 $3,479 $3,702 $3,988 $4,523 $5,341 $5,308 $4,323 $6,512 $6,384 $6,156 $7,009 $8,098 118.75% <-Total Growth 10 Adjusted Profit Shareholders
Return on ROE 20.48% 19.78% 18.18% 17.75% 15.47% 16.34% 14.92% 11.50% 15.76% 14.11% 12.81% 13.03% 14.02% 14.51% <-Median-> 10 Return on ROE
5Yr Median 19.69% 19.78% 19.78% 19.78% 18.18% 17.75% 16.34% 15.47% 15.47% 14.92% 14.11% 13.03% 14.02% 15.47% <-Median-> 10 5Yr Median
Basic $4.23 $4.37 $4.66 $5.04 $5.48 $6.03 $5.97 $4.85 $7.25 $7.07 $6.72 $7.46 $8.66 85.78% <-Total Growth 10 AEPS
AEPS* Dilued $4.33 $4.47 $4.73 $5.11 $5.56 $6.11 $5.96 $4.85 $7.23 $7.05 $6.72 $7.40 $8.61 $9.52 $10.49 $11.34 82.22% <-Total Growth 10 AEPS
Increase 8.40% 3.35% 5.70% 8.15% 8.71% 9.99% -2.45% -18.62% 49.07% -2.49% -4.68% 10.12% 16.35% 10.57% 10.19% 8.10% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $3.64 $3.95 $4.26 $4.52 $4.84 $5.19 $5.49 $5.52 $5.94 $6.24 $6.36 $6.65 $7.40 $7.86 $8.55 $9.47 6.18% <-IRR #YR-> 10 AEPS 82.22%
AEPS Yield 9.75% 8.69% 9.42% 10.17% 9.78% 10.75% 10.61% 9.76% 9.63% 8.52% 13.74% 8.50% 7.41% 7.59% 8.36% 9.04% 12.16% <-IRR #YR-> 5 AEPS 77.53%
Payout Ratio 43.93% 44.07% 45.19% 46.48% 45.72% 43.54% 46.98% 60.00% 40.39% 46.67% 51.19% 48.65% 45.06% 44.96% 40.80% 37.74% 5.68% <-IRR #YR-> 10 5 yr Running Average 73.80%
5 year Running Average 50.05% 46.89% 45.03% 45.06% 45.08% 45.00% 45.58% 48.54% 47.33% 47.51% 49.04% 49.38% 46.39% 47.31% 46.13% 43.44% 6.05% <-IRR #YR-> 5 5 yr Running Average 34.17%
Price/AEPS Median 9.41 10.77 10.22 9.19 9.14 9.61 8.32 9.45 8.70 10.02 8.40 9.27 11.33 12.87 0.00 0.00 9.23 <-Median-> 10 Price/AEPS Median
Price/AEPS High 10.25 11.97 11.34 10.22 10.79 10.18 9.75 11.93 10.47 11.80 9.64 11.90 13.57 13.46 0.00 0.00 10.63 <-Median-> 10 Price/AEPS High
Price/AEPS Low 8.57 9.56 9.10 8.15 7.50 9.04 6.90 6.97 6.93 8.23 7.17 6.65 9.09 12.29 0.00 0.00 7.33 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 10.25 11.51 10.61 9.83 10.22 9.30 9.42 10.25 10.39 11.73 7.28 11.77 13.50 13.17 11.96 11.06 10.23 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 11.12 11.89 11.22 10.63 11.11 10.23 9.19 8.34 15.48 11.44 6.94 12.96 15.70 14.57 13.17 11.95 10.87 <-Median-> 10 Trailing P/AEPS Close
Median Values Historical   in order 9.43 11.32 8.19 10.25 P/AEPS 5 Yrs   in order 9.27 11.80 7.17 11.73 42.04% Diff M/C DPR 75% to 95% best
$8.74 <-12 mths 1.98%
Difference Basic and Diluted 0.12% 0.13% 0.22% 0.19% 0.18% 0.34% 0.27% 0.12% 0.29% 0.30% 0.00% 0.14% 0.58% 0.23% <-Median-> 10 Difference Basic and Diluted
EPS Basic $4.12 $3.94 $4.45 $5.36 $5.63 $5.85 $5.61 $4.12 $6.99 $6.70 $5.16 $7.29 $8.62 93.93% <-Total Growth 10 EPS Basic
EPS Diluted* $4.12 $3.93 $4.44 $5.35 $5.62 $5.83 $5.60 $4.11 $6.97 $6.68 $5.16 $7.28 $8.57 $9.35 $10.12 $10.59 93.24% <-Total Growth 10 EPS Diluted
Increase 4.84% -4.50% 12.85% 20.63% 5.05% 3.65% -3.95% -26.54% 69.46% -4.09% -22.75% 41.09% 17.72% 9.04% 8.29% 4.64% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 9.28% 7.64% 8.85% 10.65% 9.90% 10.25% 9.96% 8.27% 9.28% 8.08% 10.55% 8.36% 7.37% 7.45% 8.07% 8.45% 6.81% <-IRR #YR-> 10 Earnings per Share 93.24%
5 year Running Average $3.19 $3.71 $4.01 $4.35 $4.69 $5.03 $5.37 $5.30 $5.62 $5.84 $5.70 $6.04 $6.93 $7.41 $8.10 $9.18 15.83% <-IRR #YR-> 5 Earnings per Share 108.52%
10 year Running Average $2.39 $2.50 $2.97 $3.13 $3.23 $4.11 $4.54 $4.66 $4.99 $5.26 $5.37 $5.70 $6.12 $6.52 $6.97 $7.44 5.62% <-IRR #YR-> 10 5 yr Running Average 72.76%
* Diluted ESP per share  E/P 10 Yrs 9.59% 5Yrs 8.36% 5.51% <-IRR #YR-> 5 5 yr Running Average 30.77%
-$4.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.57
-$4.11 $0.00 $0.00 $0.00 $0.00 $8.57
-$4.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.93
-$5.30 $0.00 $0.00 $0.00 $0.00 $6.93
Dividend* $4.21 $4.51 $4.61 Estimates Dividend*
Increase 8.40% 7.30% 2.22% Estimates Increase
Payout Ratio EPS 45.01% 44.59% 43.56% 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 $0.00 <-Median-> 10 Special Dividends
Pre-split 1986
Pre-split 1997
Pre-split 2022 $3.80 $3.94 $4.27 $4.75 $5.08 $5.32 $5.60 $5.82 $5.84
Dividend* $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $3.88 $4.28 $4.28 $4.28 81.73% <-Total Growth 10 Dividends
Increase 4.40% 3.68% 8.38% 11.24% 6.95% 4.72% 5.26% 3.93% 0.34% 12.67% 4.56% 4.65% 7.78% 10.31% 0.00% 0.00% 32 0 42 Years of data, Count P, N 76.19%
Average Increases 5 Year Running 1.79% 2.53% 4.20% 6.28% 6.93% 6.99% 7.31% 6.42% 4.24% 5.39% 5.35% 5.23% 6.00% 7.99% 5.46% 4.55% 6.14% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.79 $1.84 $1.92 $2.04 $2.18 $2.34 $2.50 $2.66 $2.77 $2.92 $3.07 $3.23 $3.43 $3.70 $3.90 $4.06 78.81% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 4.67% 4.09% 4.42% 5.06% 5.00% 4.53% 5.65% 6.35% 4.64% 4.66% 6.09% 5.25% 3.98% 3.49% 5.03% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 4.28% 3.68% 3.98% 4.55% 4.24% 4.28% 4.82% 5.03% 3.86% 3.95% 5.31% 4.09% 3.32% 3.34% 4.26% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 5.13% 4.61% 4.97% 5.70% 6.10% 4.81% 6.81% 8.61% 5.83% 5.67% 7.14% 7.31% 4.96% 3.66% 5.96% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 4.28% 3.83% 4.26% 4.73% 4.47% 4.68% 4.99% 5.86% 3.89% 3.98% 7.03% 4.13% 3.34% 3.41% 3.41% 3.41% 4.58% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 46.17% 50.13% 48.14% 44.39% 45.20% 45.67% 50.04% 70.80% 41.92% 49.25% 66.67% 49.45% 45.27% 45.80% 42.29% 40.42% 47.46% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 56.13% 49.49% 47.76% 46.89% 46.57% 46.42% 46.64% 50.13% 49.19% 49.97% 53.88% 53.52% 49.43% 49.93% 48.13% 44.27% 49.31% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 29.25% -9.44% 8.71% 18.47% 90.83% 23.88% 13.38% 4.32% -79.02% 13.12% 26.35% 30.59% 25.98% 28.66% #VALUE! #DIV/0! 21.17% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 30.88% -37.74% 92.69% 40.79% 42.33% 38.36% 17.32% 11.54% 14.03% 12.06% 12.51% 14.22% 28.02% 23.18% #VALUE! #DIV/0! 15.77% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 43.45% 45.26% 45.73% 47.41% 44.92% 41.08% 42.65% 63.06% 31.46% 48.58% 40.44% 54.08% 38.34% 42.29% #VALUE! #DIV/0! 43.79% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 44.41% 40.31% 40.80% 43.82% 45.39% 44.65% 44.09% 46.91% 42.44% 43.25% 42.98% 45.10% 41.44% 43.84% #VALUE! #DIV/0! 43.95% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 5.03% 4.58% 5 Yr Med 5 Yr Cl 4.66% 3.98% 5 Yr Med Payout 49.25% 25.98% 40.44% 5.92% <-IRR #YR-> 5 Dividends 33.33%
* Dividends per share  10 Yr Med and Cur. -32.15% -25.43% 5 Yr Med and Cur. -26.74% -14.20% Last Div Inc ---> $0.97 $1.07 10.31% 6.16% <-IRR #YR-> 10 Dividends 81.73%
Dividends Growth 15 5.49% <-IRR #YR-> 15 Dividends Growth 15 122.99%
Dividends Growth 20 5.50% <-IRR #YR-> 20 Dividends Growth 20 191.73%
Dividends Growth 25 7.44% <-IRR #YR-> 25 Dividends Growth 25 501.55%
Dividends Growth 30 8.15% <-IRR #YR-> 30 Dividends Growth 30 948.65%
Dividends Growth 35 7.30% <-IRR #YR-> 35 Dividends Growth 35 1075.76%
Dividends Growth 40 6.99% <-IRR #YR-> 40 Dividends Growth 40 1392.31%
Dividends Growth 45 6.65% <-IRR #YR-> 42 Dividends Growth 45
Dividends Growth 5 -$2.91 $0.00 $0.00 $0.00 $0.00 $3.88 Dividends Growth 5
Dividends Growth 10 -$2.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 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 $0.00 $3.88 Dividends Growth 45
Historical Dividends Historical High Div 8.09% Low Div 2.61% 10 Yr High 8.48% 10 Yr Low 3.43% Med Div 4.61% Close Div 4.26% Historical Dividends
High/Ave/Median Values Curr diff Exp. -57.81% Cheap 30.76% Exp. -59.75% -0.50% Exp. -25.97% Exp. -19.85% High/Ave/Median 
Historical Dividends 1988 Historical High Div 7.16% Low Div 2.55% 10 Yr High 8.48% 10 Yr Low 3.43% Med Div 4.51% Close Div 4.13% Historical Dividends 1988
High/Ave/Median Values Curr diff Exp. -52.34% Cheap 33.84% Exp. -59.75% -0.50% Exp. -24.33% Exp. -17.38% High/Ave/Median 
Future Div Yield Div Yd 4.55% earning in 5 Years at IRR of 5.92% Div Inc. 33.33% Future Dividend Yield
Future Div Yield Div Yd 6.07% earning in 10 Years at IRR of 5.92% Div Inc. 77.78% Future Dividend Yield
Future Div Yield Div Yd 8.09% earning in 15 Years at IRR of 5.92% Div Inc. 137.04% Future Dividend Yield
Future Dividend Paid Div Paid $5.71 earning in 5 Years at IRR of 5.92% Div Inc. 33.33% Future Dividend Paid
Future Dividend Paid Div Paid $7.61 earning in 10 Years at IRR of 5.92% Div Inc. 77.78% Future Dividend Paid
Future Dividend Paid Div Paid $10.15 earning in 15 Years at IRR of 5.92% Div Inc. 137.04% Future Dividend Paid
Dividend Covering Cost Total Div $24.09 over 5 Years at IRR of 5.92% Div Cov. 19.21% Dividend Covering Cost
Dividend Covering Cost Total Div $50.50 over 10 Years at IRR of 5.92% Div Cov. 40.27% Dividend Covering Cost
Dividend Covering Cost Total Div $85.72 over 15 Years at IRR of 5.92% Div Cov. 68.35% Dividend Covering Cost
Yield if held 5 years 5.11% 7.41% 6.04% 6.20% 6.91% 6.54% 5.82% 6.03% 6.22% 6.48% 5.86% 7.26% 8.46% 6.81% 6.06% 7.58% 6.35% <-Median-> 10 Paid Median Price
Yield if held 10 years 7.57% 5.91% 5.74% 5.91% 5.24% 7.15% 10.53% 8.23% 7.62% 8.95% 8.45% 7.48% 8.03% 9.12% 8.43% 7.29% 7.83% <-Median-> 10 Paid Median Price
Yield if held 15 years 9.03% 11.16% 10.54% 9.48% 11.05% 10.59% 8.41% 7.83% 7.27% 6.79% 9.25% 13.53% 10.97% 11.17% 11.65% 10.52% 9.36% <-Median-> 10 Paid Median Price
Yield if held 20 years 26.54% 24.53% 25.01% 20.52% 14.88% 12.64% 15.86% 14.37% 11.66% 14.31% 13.70% 10.81% 10.43% 10.65% 8.84% 11.50% 14.00% <-Median-> 10 Paid Median Price
Yield if held 25 years 35.55% 28.52% 30.90% 34.77% 32.70% 37.15% 34.86% 34.09% 25.23% 19.27% 16.34% 20.40% 19.16% 17.09% 18.62% 17.04% 28.96% <-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% 44.82% 45.46% 36.98% 25.07% 20.33% 45.14% <-Median-> 10 Paid Median Price
Yield if held 35 years 65.58% 81.99% 70.12% 60.28% 61.38% 64.36% 52.12% 56.15% 62.66% 55.10% 59.78% 62.87% <-Median-> 8 Paid Median Price
Yield if held 40 years 84.81% 105.42% 93.49% 88.36% 79.85% 80.07% 93.49% <-Median-> 3 Paid Median Price
Yield if held 45 years 105.52% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 24.07% 34.53% 27.09% 26.61% 29.72% 28.70% 25.99% 27.51% 29.46% 28.71% 26.16% 32.58% 37.37% 29.41% 27.58% 35.98% 28.70% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 63.95% 50.82% 47.69% 46.60% 40.70% 55.47% 81.56% 64.65% 62.69% 69.39% 66.44% 59.57% 62.98% 68.84% 67.06% 60.77% 62.84% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 93.33% 119.07% 111.14% 96.45% 112.66% 110.46% 88.38% 83.42% 81.01% 70.80% 96.75% 142.31% 113.09% 110.92% 122.40% 116.36% 96.60% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 305.80% 293.00% 296.43% 235.42% 171.39% 148.81% 189.94% 176.74% 151.66% 176.08% 171.63% 136.89% 129.48% 127.01% 111.02% 151.37% 171.51% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 440.13% 364.60% 390.59% 425.11% 402.25% 468.92% 448.74% 452.08% 354.90% 256.78% 221.78% 281.50% 261.33% 225.47% 260.81% 252.54% 378.58% <-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% 649.92% 652.78% 514.64% 370.86% 318.31% 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% 779.66% 830.75% 898.32% 840.75% 967.25% 909.10% <-Median-> 8 Paid Median Price
Cost covered if held 40 years 1286.53% 1625.92% 1425.18% 1304.05% 1253.26% 1331.52% 1425.18% <-Median-> 3 Paid Median Price
Cost covered if held 45 years 1787.49% #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $18,741 $20,015 $21,833 $23,323 $25,606 $29,133 $29,510 <-12 mths 1.29% 55.45% <-Total Growth 5 Revenue Growth  55.45%
AEPS Growth $4.85 $7.23 $7.05 $6.72 $7.40 $8.61 $8.78 <-12 mths 1.97% 77.53% <-Total Growth 5 AEPS Growth 77.53%
Net Income Growth $3,668 $6,271 $6,049 $4,728 $6,852 $8,065 $8,443 <-12 mths 4.69% 119.87% <-Total Growth 5 Net Income Growth 119.87%
Cash Flow Growth $60,295 -$3,332 $22,715 $12,154 $11,088 $13,838 -77.05% <-Total Growth 5 Cash Flow Growth -77.05%
Dividend Growth $2.91 $2.92 $3.29 $3.44 $3.60 $3.88 $4.28 <-12 mths 10.31% 33.33% <-Total Growth 5 Dividend Growth 33.33%
Stock Price Growth $49.69 $75.09 $82.72 $48.91 $87.11 $116.21 $125.41 <-12 mths 7.92% 133.87% <-Total Growth 5 Stock Price Growth 133.87%
Revenue Growth  $13,856 $15,035 $16,280 $17,834 $18,611 $18,741 $20,015 $21,833 $23,323 $25,606 $29,133 $30,759 <-this year 5.58% 110.26% <-Total Growth 10 Revenue Growth  110.26%
AEPS Growth $4.73 $5.11 $5.56 $6.11 $5.96 $4.85 $7.23 $7.05 $6.72 $7.40 $8.61 $9.52 <-this year 10.57% 82.22% <-Total Growth 10 AEPS Growth 82.22%
Net Income Growth $3,531 $4,237 $4,647 $5,178 $4,985 $3,668 $6,271 $6,049 $4,728 $6,852 $8,065 $8,503 <-this year 5.43% 128.41% <-Total Growth 10 Net Income Growth 128.41%
Cash Flow Growth $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 $11,088 $13,838 -28.97% <-Total Growth 10 Cash Flow Growth -28.97%
Dividend Growth $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $3.88 $4.21 <-this year 8.40% 81.73% <-Total Growth 10 Dividend Growth 81.73%
Stock Price Growth $50.14 $50.25 $56.78 $56.84 $56.16 $49.69 $75.09 $82.72 $48.91 $87.11 $116.21 $98.61 <-this year -15.14% 131.77% <-Total Growth 10 Stock Price Growth 131.77%
Dividends on Shares $513.00 $531.90 $576.45 $641.25 $685.80 $718.20 $756.00 $785.70 $788.40 $888.30 $928.80 $972.00 $1,047.60 $1,155.60 $1,155.60 $1,155.60 $15,898.95 No of Years 40 Total Dividends 10/31/83
Paid  $12,247.20 $13,478.40 $12,310.65 $14,790.60 $16,542.90 $13,726.80 $14,588.10 $14,677.20 $19,905.75 $14,787.90 $17,226.00 $24,551.10 $33,596.10 $33,860.70 $33,860.70 $33,860.70 $33,860.70 No of Years 40 Worth $3.71
$49,759.65
Dividends on Shares $188.10 $195.03 $211.37 $235.13 $251.46 $263.34 $277.20 $288.09 $289.08 $325.71 $340.56 $356.40 $384.12 $423.72 $423.72 $423.72 $5,515.79 No of Years 30 Total Dividends 12/31/95
Paid  $4,490.64 $4,942.08 $4,513.91 $5,423.22 $6,065.73 $5,033.16 $5,348.97 $5,381.64 $7,298.78 $5,422.23 $6,316.20 $9,002.07 $12,318.57 $12,415.59 $12,415.59 $12,415.59 $12,415.59 No of Years 30 Worth $10.16
$17,931.38
Dividends on Shares $52.25 $55.88 $58.52 $61.60 $64.02 $64.24 $72.38 $75.68 $79.20 $85.36 $94.16 $94.16 $94.16 $669.13 No of Years 10 Total Dividends 12/31/15
Paid  $1,003.09 $1,205.16 $1,347.94 $1,118.48 $1,188.66 $1,195.92 $1,621.95 $1,204.94 $1,403.60 $2,000.46 $2,737.46 $2,759.02 $2,759.02 $2,759.02 $2,759.02 No of Years 10 Worth $45.60
$3,428.15
Graham Number AEPS $44.90 $47.20 $52.19 $57.04 $64.49 $71.24 $73.18 $67.72 $86.34 $89.01 $88.34 $97.49 $109.89 $115.55 $121.30 $126.11 110.55% <-Total Growth 10 Graham Number AEPS
Increase 9.48% 5.11% 10.58% 9.29% 13.07% 10.46% 2.73% -7.46% 27.50% 3.09% -0.76% 10.36% 12.72% 5.15% 9.82% <-Median-> 10 Graham Price
Price/GP Ratio Med 0.91 1.02 0.93 0.82 0.79 0.82 0.68 0.68 0.73 0.79 0.64 0.70 0.89 1.06 0.76 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.99 1.13 1.03 0.92 0.93 0.87 0.79 0.85 0.88 0.93 0.73 0.90 1.06 1.11 0.89 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.83 0.91 0.82 0.73 0.65 0.78 0.56 0.50 0.58 0.65 0.55 0.50 0.71 1.01 0.61 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.99 1.09 0.96 0.88 0.88 0.80 0.77 0.73 0.87 0.93 0.55 0.89 1.06 1.09 0.88 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -1.24% 9.00% -3.93% -11.90% -11.96% -20.21% -23.26% -26.63% -13.04% -7.08% -44.63% -10.65% 5.75% 8.53% 3.39% -0.58% -12.50% <-Median-> 10 Graham Price
Graham Number EPS $43.80 $44.26 $50.57 $58.36 $64.87 $69.56 $70.90 $62.34 $84.75 $86.65 $77.41 $96.70 $109.63 $114.48 $119.14 $121.87 116.81% <-Total Growth 10 Graham Number EPS
Increase 7.67% 1.04% 14.26% 15.42% 11.15% 7.23% 1.94% -12.08% 35.94% 2.24% -10.66% 24.91% 13.38% 4.42% 4.06% 2.30% 9.19% <-Median-> 10 Graham Price
Price/GP Ratio Med 0.93 1.09 0.95 0.80 0.78 0.84 0.70 0.74 0.74 0.82 0.73 0.71 0.89 1.07 0.76 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 1.01 1.21 1.06 0.89 0.92 0.89 0.82 0.93 0.89 0.96 0.84 0.91 1.07 1.12 0.90 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.85 0.97 0.85 0.71 0.64 0.79 0.58 0.54 0.59 0.67 0.62 0.51 0.71 1.02 0.63 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 1.01 1.16 0.99 0.86 0.88 0.82 0.79 0.80 0.89 0.95 0.63 0.90 1.06 1.10 1.05 1.03 0.87 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close 1.25% 16.24% -0.84% -13.90% -12.47% -18.28% -20.80% -20.29% -11.40% -4.54% -36.82% -9.91% 6.00% 9.54% 5.27% 2.88% -13.18% <-Median-> 10 Graham Price
Month, Year 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 Dec-27 Dec-28 42.17 <Count Years> Month, Year
Pre-split 1997
Pre-split 2022 $90.72 $99.84 $91.19 $109.56 $122.54 $101.68 $108.06 $108.72 $147.45 $160.01
Price Close $45.36 $49.92 $45.60 $54.78 $61.27 $50.84 $54.03 $54.36 $73.73 $54.77 $63.80 $90.93 $124.43 $125.41 $125.41 $125.41 172.90% <-Total Growth 10 Stock Price
Increase 13.44% 10.05% -8.66% 20.14% 11.85% -17.02% 6.27% 0.61% 35.62% -25.71% 16.49% 42.52% 36.84% 0.79% 0.00% 0.00% 13.57 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 11.02 12.70 10.28 10.24 10.90 8.73 9.66 13.23 10.59 8.20 12.36 12.49 14.52 13.42 12.39 11.84 18.01% <-IRR #YR-> 5 Stock Price 128.90%
Trailing P/E Ratio 11.56 12.13 11.60 12.35 11.45 9.05 9.28 9.72 17.94 7.86 9.55 17.62 17.09 14.63 13.42 12.39 10.56% <-IRR #YR-> 10 Stock Price 172.90%
CAPE (10 Yr P/E) 19.01 19.94 15.35 17.48 18.94 12.37 11.90 11.68 14.78 10.41 11.89 15.95 20.35 19.25 18.01 16.85 22.60% <-IRR #YR-> 5 Price & Dividend 165.77%
Median 10, 5 Yrs D.  per yr 4.30% 4.58% % Tot Ret 28.95% 20.29% T P/E 10.58 17.09 P/E:  10.74 12.36 14.86% <-IRR #YR-> 10 Price & Dividend 244.29%
Price  15 D.  per yr 3.91% % Tot Ret 32.82% CAPE Diff -1.14% 8.01% <-IRR #YR-> 15 Stock Price 217.71%
Price  20 D.  per yr 3.48% % Tot Ret 36.37% 6.08% <-IRR #YR-> 20 Stock Price 225.69%
Price  25 D.  per yr 3.74% % Tot Ret 35.04% 6.94% <-IRR #YR-> 25 Stock Price 435.18%
Price  30 D.  per yr 4.79% % Tot Ret 35.46% 8.71% <-IRR #YR-> 30 Stock Price
Price  35 D.  per yr 4.68% % Tot Ret 34.92% 8.73% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 4.32% % Tot Ret 34.53% 8.19% <-IRR #YR-> 40 Stock Price
Price  41 D.  per yr 4.98% % Tot Ret 36.60% 8.62% <-IRR #YR-> 42 Stock Price
Price & Dividend 15 11.92% <-IRR #YR-> 15 Price & Dividend 258.24%
Price & Dividend 20 9.56% <-IRR #YR-> 20 Price & Dividend 267.24%
Price & Dividend 25 10.68% <-IRR #YR-> 25 Price & Dividend 503.46%
Price & Dividend 30 13.50% <-IRR #YR-> 30 Price & Dividend 828.40%
Price & Dividend 35 13.41% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 12.51% <-IRR #YR-> 40 Price & Dividend
Price & Dividend 41 13.60% <-IRR #YR-> 42 Price & Dividend
Price  5 -$54.36 $0.00 $0.00 $0.00 $0.00 $124.43 Price  5
Price 10 -$45.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $124.43 Price 10
Price & Dividend 5 -$54.36 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 5
Price & Dividend 10 -$45.60 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 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 $0.00 $124.43 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 $0.00 $124.43 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 $0.00 $124.43 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 $0.00 $124.43 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 $0.00 $124.43 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 $0.00 $124.43 Price  40
Price  41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $124.43 Price  41
Price & Dividend 15 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 15
Price & Dividend 20 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 20
Price & Dividend 25 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 25
Price & Dividend 30 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 30
Price & Dividend 35 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 35
Price & Dividend 40 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 40
Price & Dividend 41 $1.90 $1.97 $2.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $128.31 Price & Dividend 41
Month, Year 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 Oct-27 Oct-28 42.00 <Count Years> Month, Year
Pre-split 2022 $88.70 $102.89 $100.28 $100.50 $113.56 $113.68 $112.31 $99.38 $150.17
Price Close $44.35 $51.45 $50.14 $50.25 $56.78 $56.84 $56.16 $49.69 $75.09 $82.72 $48.91 $87.11 $116.21 $125.41 $125.41 $125.38 131.77% <-Total Growth 10 Stock Price
Increase 12.91% 16.00% -2.54% 0.22% 13.00% 0.11% -1.21% -11.51% 51.11% 10.16% -40.87% 78.10% 33.41% 7.92% 0.00% -0.02% 8.77% <-IRR #YR-> 10 Stock Price 131.77%
P/E Ratio 10.78 13.09 11.31 9.39 10.10 9.76 10.04 12.09 10.78 12.38 9.48 11.97 13.56 13.42 12.39 11.84 18.52% <-IRR #YR-> 5 Stock Price 133.87%
Trailing P/E Ratio 11.30 12.50 12.76 11.33 10.61 10.11 9.64 8.88 18.27 11.88 7.32 16.88 15.96 14.63 13.42 12.39 12.94% <-IRR #YR-> 10 Price & Dividend 151.29%
Median 10, 5 Yrs D.  per yr 4.17% 4.98% % Tot Ret 32.21% 21.20% T P/E 10.97 15.96 P/E:  10.44 11.97 23.50% <-IRR #YR-> 5 Price & Dividend 144.70%
Historical Median
-$50.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $116.21
-$49.69 $0.00 $0.00 $0.00 $0.00 $116.21
-$50.14 $2.38 $2.54 $2.66 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $120.09
-$49.69 $2.92 $3.29 $3.44 $3.60 $120.09
Price H/L Median $40.70 $48.13 $48.29 $46.95 $50.79 $58.71 $49.60 $45.84 $62.88 $70.63 $56.47 $68.63 $97.56 $122.56 102.02% <-Total Growth 10 Stock Price
Increase 10.76% 18.24% 0.34% -2.78% 8.18% 15.59% -15.52% -7.57% 37.17% 12.32% -20.04% 21.53% 42.15% 25.63% 7.29% <-IRR #YR-> 10 Stock Price 102.02%
P/E Ratio 9.89 12.25 10.89 8.78 9.04 10.08 8.86 11.15 9.03 10.57 10.94 9.43 11.38 13.12 16.30% <-IRR #YR-> 5 Stock Price 112.80%
Trailing P/E Ratio 10.37 11.70 12.29 10.59 9.49 10.45 8.51 8.19 15.30 10.14 8.45 13.30 13.40 14.30 12.61% <-IRR #YR-> 10 Price & Dividend 122.28%
P/E on Running 5 yr Average 12.75 12.96 12.04 10.79 10.83 11.67 9.24 8.65 11.18 12.10 9.90 11.36 14.08 16.55 21.89% <-IRR #YR-> 5 Price & Dividend 124.54%
P/E on Running 10 yr Average 17.05 19.23 16.26 14.98 15.70 14.28 10.93 9.85 12.61 13.42 10.52 12.04 15.95 18.81 9.74 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 5.32% 5.58% % Tot Ret 42.22% 25.51% T P/E 10.29 13.30 P/E:  9.75 10.57 Count 42 Years of data
-$48.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $97.56
-$45.84 $0.00 $0.00 $0.00 $0.00 $97.56
-$48.29 $2.80 $2.91 $2.92 $3.29 $3.44 $3.60 $3.88 $4.28 $4.28 $101.44
-$45.84 $2.92 $3.29 $3.44 $3.60 $101.44
High Months Mar 17 Sep 18 Nov 18 Nov 19 Aug 21 Feb 22 Nov 22 Oct 24 Oct 25 Dec 25 High Months
Pre-split 1997
Pre-split 2022 $88.70 $107.01 $107.16 $104.46 $119.83 $124.34 $116.19 $115.76 $151.36
Price High $44.35 $53.51 $53.58 $52.23 $59.92 $62.17 $58.10 $57.88 $75.68 $83.22 $64.79 $88.04 $116.82 $128.11 118.03% <-Total Growth 10 Stock Price
Increase 12.91% 20.64% 0.14% -2.52% 14.71% 3.76% -6.55% -0.37% 30.75% 9.96% -22.15% 35.89% 32.69% 9.66% 8.11% <-IRR #YR-> 10 Stock Price 118.03%
P/E Ratio 10.78 13.61 12.08 9.76 10.66 10.67 10.38 14.08 10.87 12.46 12.56 12.09 13.63 13.71 15.08% <-IRR #YR-> 5 Stock Price 101.83%
Trailing P/E Ratio 11.30 13.00 13.63 11.78 11.20 11.06 9.97 10.34 18.41 11.95 9.70 17.06 16.05 14.95 11.21 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 11.49 16.05 P/E:  11.48 12.46 13.71 P/E Ratio Historical High
-$53.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $116.82
-$57.88 $0.00 $0.00 $0.00 $0.00 $116.82
Low Months Feb 17 Apr 18 Aug 19 Mar 20 Nov 20 Oct 22 Oct 23 Nov 23 Apr 25 Nov 25 Low Months
Price Low $37.05 $42.75 $43.00 $41.67 $41.67 $55.25 $41.10 $33.81 $50.08 $58.03 $48.15 $49.22 $78.29 $117.01 82.07% <-Total Growth 10 Stock Price
Increase 8.29% 15.37% 0.60% -3.10% 0.00% 32.61% -25.61% -17.75% 48.14% 15.87% -17.03% 2.22% 59.06% 49.46% 6.18% <-IRR #YR-> 10 Stock Price 82.07%
P/E Ratio 9.00 10.88 9.70 7.79 7.41 9.48 7.35 8.23 7.19 8.69 9.33 6.76 9.14 12.52 18.29% <-IRR #YR-> 5 Stock Price 131.59%
Trailing P/E Ratio 9.44 10.39 10.94 9.39 7.79 9.83 7.06 6.04 12.18 8.33 7.21 9.54 10.75 13.65 8.23 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 8.86 9.54 P/E:  8.01 8.69 5.94 P/E Ratio Historical Low
-$43.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $78.29
Free Cash Flow MS OLD $18,227 $10,041 $2,457 $9,812 $18,363 $59,990 -$4,170 $21,610 $11,140 Free Cash Flow MS OLD
Change -44.91% -75.53% 299.35% 87.15% 226.69% -106.95% 618.23% -48.45% Change
Free Cash Flow MS $5,000 -$17,000 $4,090 $4,790 $5,650 $6,390 $6,830 $6,300 $760 $6,050 $8,830 $7,140 -100.00% <-Total Growth 9 Free Cash Flow
Change 400.00% -440.00% 124.06% 17.11% 17.95% 13.10% 6.89% -7.76% -87.94% 696.05% 45.95% -19.14% #NUM! <-IRR #YR-> 5 Free Cash Flow MS -100.00%
FCF/CF from Op Ratio 0.96 1.03 0.21 0.47 2.30 0.65 0.37 0.10 -0.23 0.27 0.73 0.64 #NUM! <-IRR #YR-> 10 Free Cash Flow MS -100.00%
Dividends paid $1,622 $1,654 $1,753 $1,917 $1,425 $2,109 $2,406 $2,571 $2,649 $2,972 $2,261 $2,947 $3,993 127.78% <-Total Growth 10 Dividends paid
Percentage paid 32.44% -9.73% 42.86% 40.02% 25.22% 33.00% 35.23% 40.81% 348.55% 49.12% 25.61% 41.27% #DIV/0! #DIV/0! <-Median-> 9 Percentage paid
5 Year Coverage -56.78% -428.43% -403.02% 330.87% 225.97% 34.63% 34.81% 43.04% 48.26% 44.70% 46.08% 65.07% 5 Year Coverage
Dividend Coverage Ratio 3.08 -10.28 2.33 2.50 3.96 3.03 2.84 2.45 0.29 2.04 3.91 2.42 0.00 2.47 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 0.44 2.89 2.87 2.32 2.07 2.24 2.17 1.54 5 Year of Coverage
Free Cash Flow WSJ $7,670 -$24,908 -$30,316 $4,946 $16,226 $17,967 $27,376 $15,257 $11,623 51.54% <-Total Growth 8 Free Cash Flow
Change -424.75% -21.71% 116.31% 228.06% 10.73% 52.37% -44.27% -23.82% 18.63% <-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 1.38 0.84 5.33% <-IRR #YR-> 8 Free Cash Flow MS #DIV/0!
Dividends paid $1,425 $2,109 $2,406 $2,571 $2,649 $2,972 $2,261 $2,947 $3,993 180.21% <-Total Growth 8 Dividends paid
Percentage paid 18.58% -8.47% -7.94% 51.98% 16.33% 16.54% 8.26% 19.32% 34.35% $0.17 <-Median-> 9 Percentage paid
5 Year Coverage 18.58% -20.50% -12.49% -19.98% -42.30% -79.00% 35.52% 16.39% 16.76% 5 Year Coverage
Dividend Coverage Ratio 5.38 -11.81 -12.60 1.92 6.13 6.05 12.11 5.18 2.91 5.18 <-Median-> 9 Dividend Coverage Ratio
5 Year of Coverage -4.88 -8.01 -5.01 -2.36 -1.27 2.82 6.10 5.97 5 Year of Coverage
Market Cap $35,413 $40,850 $39,840 $39,906 $49,888 $50,341 $50,016 $44,431 $67,701 $74,943 $45,540 $82,083 $107,682 $116,207 $116,207 $116,179 170.28% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 802.522 796.840 795.664 791.838 827.126 889.254 890.914 892.042 900.366 905.684 916.233 941.712 940.675 940.675 18.23% <-Total Growth 10 Diluted
Change -0.71% -0.71% -0.15% -0.48% 4.46% 7.51% 0.19% 0.13% 0.93% 0.59% 1.16% 2.78% -0.11% 0.00% 1.69% <-IRR #YR-> 10 Diluted
Difference Diluted/Basic -0.09% -0.20% -0.16% -0.13% -0.22% -0.35% -0.25% -0.13% -0.27% -0.26% -0.07% -0.25% -0.56% -0.56% 1.07% <-IRR #YR-> 5 Diluted
Average # of Shares in Million 801.760 795.240 794.426 790.778 825.272 886.164 888.648 890.870 897.906 903.312 915.631 939.352 935.374 935.374 17.74% <-Total Growth 10 Average
Change -0.69% -0.81% -0.10% -0.46% 4.36% 7.38% 0.28% 0.25% 0.79% 0.60% 1.36% 2.59% -0.42% 0.00% 0.70% <-Median-> 10 Change -313.72%
Difference Basic/Outstanding -0.41% -0.15% 0.02% 0.43% 6.47% -0.06% 0.23% 0.37% 0.42% 0.30% 1.69% 0.31% -0.94% -0.94% 0.34% <-Median-> 10 Difference Basic/Outstanding -269.36%
Pre-split 2022 399.250 397.021 397.291 397.070 439.313 442.826 445.342 447.085 450.828
# of Share in Millions 798.499 794.043 794.582 794.141 878.627 885.653 890.683 894.171 901.656 906.040 931.099 942.295 926.614 926.614 926.614 926.614 1.55% <-IRR #YR-> 10 Shares Common 
Increase -1.29% -0.56% 0.07% -0.06% 10.64% 0.80% 0.57% 0.39% 0.84% 0.49% 2.77% 1.20% -1.66% 0.00% 0.00% 0.00% 0.72% <-IRR #YR-> 5 Shares Shares
CF fr Op $Millon $5,186 -$16,571 $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 $11,088 $13,838 $13,838 <-12 mths -28.97% <-Total Growth 10 Cash Flow
Increase 220.12% -419.53% 217.57% -47.59% -75.94% 301.59% 88.86% 223.56% -105.53% 781.72% -46.49% -8.77% 24.80% 0.00% <-12 mths SO Share Iss Buy Back
5 year Running Average $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 $20,584.0 $11,292.6 $14,726.6 <-12 mths 583.08% <-Total Growth 10 CF 5 Yr Running
CFPS $6.49 -$20.87 $24.52 $12.86 $2.80 $11.14 $20.92 $67.43 -$3.70 $25.07 $13.05 $11.77 $14.93 $14.93 <-12 mths -39.09% <-Total Growth 10 Cash Flow per Share
Increase 224.32% -421.33% 217.49% -47.56% -78.25% 298.40% 87.80% 222.30% -105.48% 778.42% -47.93% -9.85% 26.91% 0.00% <-12 mths -3.36% <-IRR #YR-> 10 Cash Flow -28.97%
5 year Running Average $5.80 -$4.87 $2.07 $5.00 $5.16 $6.09 $14.45 $23.03 $19.72 $24.17 $24.56 $22.73 $12.23 $15.95 <-12 mths -25.50% <-IRR #YR-> 5 Cash Flow -77.05%
P/CF on Med Price 6.27 -2.31 1.97 3.65 18.16 5.27 2.37 0.68 -17.02 2.82 4.33 5.83 6.53 8.21 <-12 mths -4.84% <-IRR #YR-> 10 Cash Flow per Share -39.09%
P/CF on Closing Price 6.83 -2.47 2.04 3.91 20.30 5.10 2.68 0.74 -20.32 3.30 3.75 7.40 7.78 8.40 <-12 mths -26.03% <-IRR #YR-> 5 Cash Flow per Share -77.85%
110.54% Diff M/C 19.45% <-IRR #YR-> 10 CFPS 5 yr Running 491.46%
Excl.Working Capital CF -$1,694 $20,027 -$15,773 -$6,233 $2,511 -$4,132 -$12,788 -$56,169 $11,700 -$16,579 -$4,233 -$4,815 -$4,461 -$4,461 <-12 mths -11.90% <-IRR #YR-> 5 CFPS 5 yr Running -46.91%
CF fr Op $M WC $3,492 $3,456 $3,710 $3,978 $4,968 $5,735 $5,847 $4,126 $8,368 $6,136 $7,921 $6,273 $9,377 $9,377 <-12 mths 152.75% <-Total Growth 10 Cash Flow less WC
Increase -11.46% -1% 7.35% 7.22% 24.89% 15.44% 1.95% -29.43% 102.81% -26.67% 29.09% -20.81% 49.48% 0.00% <-12 mths 9.72% <-IRR #YR-> 10 Cash Flow less WC 152.75%
5 year Running Average $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 $6,564.8 $7,615.0 $7,816.8 <-12 mths 17.84% <-IRR #YR-> 5 Cash Flow less WC 127.27%
CFPS Excl. WC $4.37 $4.35 $4.67 $5.01 $5.65 $6.48 $6.56 $4.61 $9.28 $6.77 $8.51 $6.66 $10.12 $10.12 <-12 mths 7.33% <-IRR #YR-> 10 CF less WC 5 Yr Run 102.77%
Increase -10.30% 0% 7.28% 7.28% 12.88% 14.52% 1.38% -29.71% 101.13% -27.03% 25.62% -21.75% 52.01% 0.00% <-12 mths 9.08% <-IRR #YR-> 5 CF less WC 5 Yr Run 54.44%
5 year Running Average $4.03 $4.56 $4.70 $4.66 $4.81 $5.23 $5.67 $5.66 $6.52 $6.74 $7.15 $7.17 $8.27 $8.44 <-12 mths 8.04% <-IRR #YR-> 10 CFPS - Less WC 116.74%
P/CF on Median Price 9.31 11.06 10.34 9.37 8.98 9.07 7.56 9.93 6.78 10.43 6.64 10.31 9.64 12.11 <-12 mths 17.01% <-IRR #YR-> 5 CFPS - Less WC 119.31%
P/CF on Closing Price 10.14 11.82 10.74 10.03 10.04 8.78 8.55 10.77 8.09 12.21 5.75 13.09 11.48 12.39 <-12 mths 5.82% <-IRR #YR-> 10 CFPS 5 yr Running 76.04%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 3.99 5 yr  4.33 P/CF Med 10 yr 9.22 5 yr  9.64 34.42% Diff M/C 7.86% <-IRR #YR-> 5 CFPS 5 yr Running 45.97%
-$24.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.93 Cash Flow per Share
-$67.43 $0.00 $0.00 $0.00 $0.00 $14.93 Cash Flow per Share
-$2.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.23 CFPS 5 yr Running
-$23.03 $0.00 $0.00 $0.00 $0.00 $12.23 CFPS 5 yr Running
-$3,710.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $9,377.0 Cash Flow less WC
-$4,126.0 $0.0 $0.0 $0.0 $0.0 $9,377.0 Cash Flow less WC
-$3,755.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7,615.0 CF less WC 5 Yr Run
-$4,930.8 $0.0 $0.0 $0.0 $0.0 $7,615.0 CF less WC 5 Yr Run
-$4.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.12 CFPS - Less WC
-$4.61 $0.00 $0.00 $0.00 $0.00 $10.12 CFPS - Less WC
OPM Ratio 24.49% 23.41% 25.48% 28.18% 28.54% 29.03% 26.79% 19.57% 31.33% 27.71% 20.27% 26.76% 27.68% 26.46% 8.63% <-Total Growth 10 OPM Banks use
Increase -3.13% -4.43% 8.87% 10.58% 1.29% 1.72% -7.75% -26.93% 60.08% -11.57% -26.83% 32.00% 3.45% -4.42% Should increase  or be stable. Net Inc.
Diff from Median -11.6% -15.5% -8.0% 1.8% 3.1% 4.8% -3.3% -29.3% 13.1% 0.0% -26.8% -3.4% 0.0% -4.5% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 27.69% 5 Yrs 27.68% should be  zero, it is a   check on calculations
$13,571 <-12 mths 1.84%
EBIT $8,176 $8,480 $9,030 $10,184 $11,326 $13,326 $13,943 $14,700 $14,126 <-Total Growth 5 EBIT
Change 3.72% 6.49% 12.78% 11.21% 17.66% 4.63% 5.43% -3.90% 11.21% <-Median-> 5 Change
Margin 43.63% 42.37% 41.39% 43.58% 44.23% 45.74% 45.33% 46.08% 44.33% 43.61% <-Median-> 6 Margin
Covering Assets $348,583 $368,903 $404,893 $443,435 $469,340 $539,689 $537,385 $692,488 $750,259 $826,051 $891,238 $961,444 $1,025,134 $1,025,134 153.19% <-Total Growth 10 Covering Assets Type
Change 10.43% 5.83% 9.76% 9.52% 5.84% 14.99% -0.43% 28.86% 8.34% 10.10% 7.89% 7.88% 6.62% 0.00% 8.12% <-Median-> 10 Change Lg Term R A
Debt/Covering Assets Ratio 0.90 0.88 0.91 0.89 0.94 0.85 0.90 0.82 0.83 0.84 0.81 0.80 0.79 0.79 0.84 <-Median-> 10 Ratio Lg Term R
Deposits/Total Debt Ratio 0.83 0.82 0.83 0.83 0.82 0.82 0.79 0.78 0.78 0.78 0.78 0.78 0.77 0.77 0.78 <-Median-> 10 Deposits/Total Debt Ratio Intang/GW
Long Term Debt $313,528 $325,393 $366,657 $395,647 $439,706 $461,015 $485,712 $570,740 $621,158 $697,572 $723,376 $764,857 $808,124 $808,124 Deposits Debt Liquidity
Change 4.39% 3.78% 12.68% 7.91% 11.14% 4.85% 5.36% 17.51% 8.83% 12.30% 3.70% 5.73% 5.66% 0.00% 6.82% <-Median-> 10 Change Liq. + CF
Debt/Market Cap Ratio 8.85 7.97 9.20 9.91 8.81 9.16 9.71 12.85 9.18 9.31 15.88 9.32 7.50 6.95 9.31 <-Median-> 10 Debt/Market Cap Ratio Debt Ratio
Assets/Current Liabilities Ratio 176.90 77.65 80.23 82.84 82.91 81.68 105.39 96.21 109.29 85.80 71.17 73.39 70.83 70.83 82.87 <-Median-> 10 Assets/Current Liab Ratio Leverage Bk
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 0.01 <-Median-> 10 Current Liab/Asset Ratio Leverage
Debt to Cash Flow (Years) 60.46 0.00 18.82 38.75 178.96 46.72 26.06 9.47 0.00 30.71 59.52 68.98 58.40 58.40 42.74 <-Median-> 10 Debt to Cash Flow (Years) D/E Ratio
Intangibles $756 $967 $1,197 $1,410 $1,797 $1,945 $1,969 $1,961 $2,029 $2,592 $2,742 $2,860 $2,894 $2,894 141.77% <-Total Growth 10 Intangibles
Goodwill $1,733 $1,450 $1,526 $1,539 $5,367 $5,564 $5,449 $5,253 $4,954 $5,348 $5,425 $5,443 $5,475 $5,475 258.78% <-Total Growth 10 Goodwill
Total $2,489 $2,417 $2,723 $2,949 $7,164 $7,509 $7,418 $7,214 $6,983 $7,940 $8,167 $8,303 $8,369 $8,369 207.34% <-Total Growth 10 Total
Change 5.60% -2.89% 12.66% 8.30% 142.93% 4.82% -1.21% -2.75% -3.20% 13.70% 2.86% 1.67% 0.79% 0.00% 2.26% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.07 0.06 0.07 0.07 0.14 0.15 0.15 0.16 0.10 0.11 0.18 0.10 0.08 0.07 0.12 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $6,379 $13,547 $18,637 $14,165 $14,152 $17,691 $17,359 $62,518 $56,997 $63,861 $55,718 $48,055 $44,003 $44,003 136.11% <-Total Growth 10 Current Assets
Current Liabilities $2,252 $5,343 $5,775 $6,052 $6,818 $7,310 $6,183 $7,999 $7,665 $10,998 $13,710 $14,198 $15,769 $15,769 173.06% <-Total Growth 10 Current Liabilities
Liquidity Ratio 2.83 2.54 3.23 2.34 2.08 2.42 2.81 7.82 7.44 5.81 4.06 3.38 2.79 2.79 3.10 <-Median-> 10 Ratio
Liq. with CF aft div 4.46 1.96 6.31 3.72 2.11 3.45 5.42 15.03 5.53 7.60 4.72 3.93 3.44 3.42 4.72 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.91 1.96 1.64 1.67 1.64 1.65 1.39 4.39 4.13 2.36 1.88 1.60 2.52 3.42 2.36 <-Median-> 5 Ratio
Assets $398,389 $414,903 $463,309 $501,357 $565,264 $597,099 $651,604 $769,551 $837,683 $943,597 $975,719 $1,041,985 $1,116,938 $1,116,938 141.08% <-Total Growth 10 Assets
Liabilities $379,960 $396,120 $441,756 $477,684 $534,027 $561,983 $613,024 $728,216 $791,853 $893,215 $922,506 $982,978 $1,052,525 $1,052,525 138.26% <-Total Growth 10 Liabilities
Debt Ratio 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 1.06 1.06 <-Median-> 10 Ratio
Estimates BVPS $66.27 $71.03 $73.98
Estimate Book Value $61,406.7 $65,817.4 $68,550.9
P/B Ratio (Close) 1.89 1.77 1.69
Difference from 10 year median 35.86% Diff M/C
Book Value $18,429 $18,783 $21,553 $23,673 $31,237 $35,116 $38,580 $41,335 $45,830 $50,382 $53,213 $59,007 $64,413 $64,413 198.86% <-Total Growth 10 Book Value
Preferred Share $1,706 $1,031 $1,000 $1,000 $1,797 $2,250 $2,825 $3,575 $4,325 $4,923 $4,923 $4,946 $6,369 $6,369 536.90% <-Total Growth 10 Preferred Share
NCI $177 $164 $193 $201 $202 $173 $186 $181 $182 $201 $232 $272 $284 $201 47.15% <-Total Growth 10 NCI
Book Value $16,546 $17,588 $20,360 $22,472 $29,238 $32,693 $35,569 $37,579 $41,323 $45,258 $48,058 $53,789 $57,760 $57,760 $57,760 $57,760 183.69% <-Total Growth 10 Book Value
Book Value per share $20.72 $22.15 $25.62 $28.30 $33.28 $36.91 $39.93 $42.03 $45.83 $49.95 $51.61 $57.08 $62.33 $62.33 $62.33 $62.33 143.27% <-Total Growth 10 Book Value per Share
Increase 10.57% 6.89% 15.68% 10.43% 17.60% 10.93% 8.18% 5.24% 9.05% 8.99% 3.33% 10.60% 9.20% 0.00% 0.00% 0.00% 25.77% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.96 2.17 1.88 1.66 1.53 1.59 1.24 1.09 1.37 1.41 1.09 1.20 1.57 1.97 0.00 0.00 1.60 P/B Ratio Historical Median
P/B Ratio (Close) 2.14 2.32 1.96 1.78 1.71 1.54 1.41 1.18 1.64 1.66 0.95 1.53 1.86 2.01 2.01 2.01 9.30% <-IRR #YR-> 10 Book Value per Share 143.27%
Change 2.11% 8.52% -15.75% -9.25% -3.91% -9.76% -8.68% -15.92% 38.57% 1.07% -42.77% 61.04% 22.17% 7.92% 0.00% -0.02% 8.20% <-IRR #YR-> 5 Book Value per Share 48.32%
Leverage Ratio Bank 4.7% 4.7% 4.4% 4.2% 4.3% 4.3% 4.3%
Leverage (A/BK) 24.08 23.59 22.76 22.31 19.33 18.26 18.32 20.48 20.27 20.85 20.30 19.37 19.34 19.34 20.27 <-Median-> 5 A/BV
Debt/Equity Ratio 22.96 22.52 21.70 21.26 18.26 17.19 17.23 19.38 19.16 19.74 19.20 18.27 18.22 18.22 19.16 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.39 5 yr Med 1.37 44.43% Diff M/C 24.31 Historical Leverage (A/BK)
-$25.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $62.33
-$42.03 $0.00 $0.00 $0.00 $0.00 $62.33
Comprehensive Income $3,445 $3,360 $4,523 $4,047 $4,380 $5,601 $5,243 $4,439 $6,107 $6,813 $4,902 $8,824 $9,526 110.61% <-Total Growth 10 Comprehensive Income
Preferred Share $99 $87 $45 $38 $52 $89 $111 $122 $158 $171 $267 $263 $364 708.89% <-Total Growth 10 Comprehensive Income
NCI -$3 -$3 $14 $20 $19 $17 $25 $2 $17 $23 $38 $39 $25 78.57% <-Total Growth 10 Comprehensive Income
Shareholders $3,349 $3,276 $4,464 $3,989 $4,309 $5,495 $5,107 $4,315 $5,932 $6,619 $4,597 $8,522 $9,137 104.68% <-Total Growth 10 Comprehensive Income
Increase 4.92% -2.18% 36.26% -10.64% 8.02% 27.52% -7.06% -15.51% 37.47% 11.58% -30.55% 85.38% 7.22% 11.58% <-Median-> 5 Comprehensive Income
5 Yr Running Average $2,559 $2,970 $3,409 $3,654 $3,877 $4,307 $4,673 $4,643 $5,032 $5,494 $5,314 $5,997 $6,961 7.43% <-IRR #YR-> 10 Comprehensive Income 104.68%
ROE 20.2% 18.6% 21.9% 17.8% 14.7% 16.8% 14.4% 11.5% 14.4% 14.6% 9.6% 15.8% 15.8% 16.19% <-IRR #YR-> 5 Comprehensive Income 111.75%
5Yr Median 19.0% 19.0% 20.2% 20.2% 18.6% 17.8% 16.8% 14.7% 14.4% 14.4% 14.4% 14.4% 14.6% 7.40% <-IRR #YR-> 10 5 Yr Running Average 104.18%
% Difference from NI 6.96% 4.63% 26.42% -5.85% -7.27% 6.12% 2.45% 17.64% -5.41% 9.42% -2.77% 24.37% 13.29% 8.44% <-IRR #YR-> 5 5 Yr Running Average 49.93%
Median Values Diff 5, 10 yr 4.3% 9.4% 14.6% <-Median-> 5 Return on Equity
-$4,464 $0 $0 $0 $0 $0 $0 $0 $0 $0 $9,137
-$4,315 $0 $0 $0 $0 $9,137
-$3,409 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,961
-$4,643.0 $0.0 $0.0 $0.0 $0.0 $6,961.4
Current Liability Coverage Ratio 1.55 0.65 0.64 0.66 0.73 0.78 0.95 0.52 1.09 0.56 0.58 0.44 0.59 0.59   CFO / Current Liabilities
5 year Median 1.47 1.47 1.47 0.66 0.66 0.66 0.73 0.73 0.78 0.78 0.58 0.56 0.58 0.58 0.58 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 0.88% 0.83% 0.80% 0.79% 0.88% 0.96% 0.90% 0.54% 1.00% 0.65% 0.81% 0.60% 0.84% 0.84% CFO / Total Assets
5 year Median 0.9% 0.9% 0.9% 0.83% 0.83% 0.83% 0.88% 0.88% 0.90% 0.90% 0.81% 0.65% 0.81% 0.81% 0.8% <-Median-> 5 Return on Assets 
Return on Assets ROA 0.79% 0.75% 0.76% 0.85% 0.82% 0.87% 0.77% 0.48% 0.75% 0.64% 0.48% 0.66% 0.72% 0.00% Net  Income/Assets Return on Assets
5Yr Median 0.79% 0.79% 0.79% 0.79% 0.79% 0.82% 0.82% 0.82% 0.77% 0.75% 0.64% 0.64% 0.66% 0.64% 0.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 18.92% 17.80% 17.34% 18.85% 15.89% 15.84% 14.02% 9.76% 15.18% 13.37% 9.84% 12.74% 13.96% 0.00% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 18.92% 18.92% 18.92% 18.85% 17.80% 17.34% 15.89% 15.84% 15.18% 14.02% 13.37% 12.74% 13.37% 12.74% 13.4% <-Median-> 5 Return on Equity
$8,443 <-12 mths 0.17%
Net Income $3,215 $3,215 $3,590 $4,295 $4,718 $5,284 $5,121 $3,792 $6,446 $6,243 $5,033 $7,154 $8,454
NCI -$3 -$3 $14 $20 $19 $17 $25 $2 $17 $23 $38 $39 $25
Net of NCI $3,218 $3,218 $3,576 $4,275 $4,699 $5,267 $5,096 $3,790 $6,429 $6,220 $4,995 $7,115 $8,429 $8,503 $9,022 $9,574
Preferred Share $87 $87 $45 $38 $52 $89 $111 $122 $158 $171 $267 $263 $364 $364 $364 $364
Shareholders $3,131 $3,131 $3,531 $4,237 $4,647 $5,178 $4,985 $3,668 $6,271 $6,049 $4,728 $6,852 $8,065 $8,139 $8,658 $9,210 128.41% <-Total Growth 10 Net Income
Increase -1.32% 0.00% 12.78% 19.99% 9.68% 11.43% -3.73% -26.42% 70.97% -3.54% -21.84% 44.92% 17.70% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $2,533 $2,924 $3,174 $3,441 $3,735 $4,145 $4,516 $4,543 $4,950 $5,230 $5,140 $5,514 $6,393 8.61% <-IRR #YR-> 10 Net Income 128.41%
Operating Cash Flow $5,186 -$16,571 $19,483 $10,211 $2,457 $9,867 $18,635 $60,295 -$3,332 $22,715 $12,154 $11,088 $13,838 17.07% <-IRR #YR-> 5 Net Income 119.87%
Investment Cash Flow -$3,006 $18,788 -$16,501 -$7,383 -$1,965 -$7,987 -$17,889 -$19,408 -$3,506 -$24,391 -$20,763 -$20,751 -$5,775 7.25% <-IRR #YR-> 10 5 Yr Running Average 101.44%
Total Accruals $951 $914 $549 $1,409 $4,155 $3,298 $4,239 -$37,219 $13,109 $7,725 $13,337 $16,515 $2 7.07% <-IRR #YR-> 5 5 Yr Running Average 40.72%
Total Assets $398,389 $414,903 $463,309 $501,357 $565,264 $597,099 $651,604 $769,551 $837,683 $943,597 $975,719 $1,041,985 $1,116,938 Balance Sheet Assets
Accruals Ratio 0.24% 0.22% 0.12% 0.28% 0.74% 0.55% 0.65% -4.84% 1.56% 0.82% 1.37% 1.58% 0.00% 1.37% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.94 0.90 0.95 1.07 0.99 0.90 0.85 0.89 0.75 0.99 0.61 1.09 0.85 0.90 <-Median-> 10 EPS/CF Ratio
-$3,531 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,065
-$3,668 $0 $0 $0 $0 $8,065
-$3,174 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,393
-$4,543 $0 $0 $0 $0 $6,393
Change in Close 12.91% 16.00% -2.54% 0.22% 13.00% 0.11% -1.21% -11.51% 51.11% 10.16% -40.87% 78.10% 33.41% 7.92% 0.00% -0.02% Count 38 Years of data
up/down Count 8 21.05%
Meet Prediction? % right Count 3 37.50%
Financial Cash Flow -$2,630 -$1,833 -$2,903 -$2,436 -$501 -$993 -$1,290 -$1,221 -$1,945 -$1,610 -$2,159 -$2,610 -$4,312 C F Statement  Financial Cash Flow
Total Accruals $3,581 $2,747 $3,452 $3,845 $4,656 $4,291 $5,529 -$35,998 $15,054 $9,335 $15,496 $19,125 $4,314 Accruals
Accruals Ratio 0.90% 0.66% 0.75% 0.77% 0.82% 0.72% 0.85% -4.68% 1.80% 0.99% 1.59% 1.84% 0.39% 1.59% <-Median-> 5 Ratio
Cash $2,211 $2,694 $3,053 $3,500 $3,440 $4,380 $4,380 $45,351 $34,573 $31,535 $20,816 $8,565 $12,379 $12,379 Cash
Cash per Share $2.77 $3.39 $3.84 $4.41 $3.92 $4.95 $4.92 $50.72 $38.34 $34.81 $22.36 $9.09 $13.36 $13.36 $22.36 <-Median-> 5 Cash per Share
Percentage of Stock Price 6.10% 6.80% 8.43% 8.05% 6.39% 9.73% 9.10% 93.30% 52.01% 63.55% 35.04% 10.00% 10.74% 10.65% 35.04% <-Median-> 5 % of Stock Price
Notes:
January 11, 2026.  Last estimates were for 2025, 2026, 2027 of $27232M, $28654M, $27227M Revenue, $7.79, $8.45, $8.15 AEPS, 
$7.58, $8.20, $8.52 EPS, $3.86, $4.08, $4.35 Dividends, $59.96, $63.60, $57.65 BVPS, $6,671M, $7486M, $8140M Net Income.
January 12, 2025.  Last estimates were for $24141M, $25137M, $26099M Renvue, $6.55, $6.83, $7.51 AEPS, 
$6.55, $6.83, $7.51 EPS, $3.61, $3.82, $4.00 Dividends, $54.90, $58.30, $60.40 fpr BVPS, $5957M, $6374M, $7200M for Net Income.
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.  It operates four business segments: Canadian retail and business banking, Canadian 
commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It services Canada and US.
Adjused '22
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2018 Jan 19 2019 Jan 17 2020 Jan 16 2021 Jan 15 2022 Jan 15 2023 Jan 14 2024 Jan 12 2025 Jan 11 2026
Culham, Harry 0.027 0.00% 0.026 0.00% 0.029 0.00% 0.031 0.00% 6.52%
CEO - Shares - Amount $1.699 $2.396 $3.571 $3.834
Options - percentage 1.520 0.16% 1.845 0.20% 1.574 0.17% 1.563 0.17% -0.75%
Options - amount $96.984 $167.747 $195.912 $195.976
Dodig, Victor George 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%
CEO - Shares - Amount $0.899 $0.965 $0.981 $5.018 $5.864 $13.360 $17.683
Options - percentage 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% 2.474 0.27%
Options - amount $24.959 $32.603 $36.037 $51.670 $87.261 $125.414 $219.902 $307.870
Sedran, Robert 0.004 0.00% 0.004 0.00% 6.56%
CFO - Shares - Amount $0.482 $0.517
Options - percentage 0.184 0.02% 0.238 0.03% 28.98%
Options - amount $22.940 $29.822
Panossian, Hratch Dikran 0.001 0.00% 0.004 0.00% 0.095 0.01% 0.015 0.00% 0.015 0.00% 0.008 0.00% 0.006 0.00% Was CFO 2024 -23.16%
CFO - Shares - Amount $0.047 $0.267 $5.216 $0.942 $1.385 $1.052 $0.815
Options - percentage 0.054 0.01% 0.078 0.01% 2.887 0.32% 0.347 0.04% 0.434 0.05% 0.547 0.06% 0.601 0.06% 9.96%
Options - amount $2.946 $5.778 $158.099 $22.170 $39.433 $68.028 $75.394
Beber, Shawn 0.001 0.00% 0.001 0.00% 0.002 0.00% 0.002 0.00% Ceased insider Nov 2025
Officer - Shares - Amount $0.059 $0.086 $0.154 $0.230
Options - percentage 0.270 0.03% 0.361 0.04% 0.433 0.05% 0.618 0.07%
Options - amount $14.790 $23.025 $39.385 $76.911
Exshaw, Christian 0.006 0.00% 0.035 0.00% 435.93%
Officer - Shares - Amount $0.801 $4.327
Options - percentage 0.000 0.00% 0.980 0.11% #DIV/0!
Options - amount $0.000 $122.879
Brindamour, Charles, J. G. 0.012 0.00% 0.025 0.00% 0.052 0.01% 0.028 0.00% 0.029 0.00% Ceased insider Apr 2025
Director - Shares - Amount $0.856 $1.352 $3.331 $2.506 $3.666
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000
Caldwell, Nanci Ellen 0.021 0.00% 0.024 0.00% 13.62%
Director - Shares - Amount $2.663 $3.049
Options - percentage 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000
Aljoundi, Ammar 0.008 0.00% 0.012 0.00% 0.012 0.00% 0.012 0.00% 0.00%
Director - Shares - Amount $0.510 $1.091 $1.493 $1.505
Options - percentage 0.000 0.00% 0.002 0.00% 0.006 0.00% 0.011 0.00% 63.75%
Options - amount $0.000 $0.181 $0.807 $1.332
Stevenson, Katharine, Berghuis 0.026 0.00% 0.055 0.01% 0.112 0.01% 0.069 0.01% 0.071 0.01% 0.073 0.01% Chair 2022 2.68%
Chairman - Shares - Amt $1.950 $3.001 $7.169 $6.280 $8.870 $9.180
Options - percentage 0.000 0.00% 0.000 0.00% 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 $0.000 $0.000
Manley, John Paul 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 0.00% 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 0.11% 1.000 0.11% 0.512 0.06% 0.824 0.09% 3.410 0.38% 1.560 0.17% 0.549 0.06% 2.594 0.28% 2.825 0.30%
Due to SO $60.715 $50.823 $27.640 $44.766 $185.375 $85.421 $34.995 $235.850 $351.459
Book Value $91.000 $95.000 $52.000 $87.000 $176.000 $85.000 $27.000 $148.000 $168.000
Insider Buying -$0.167 -$0.494 -$1.632 -$5.265 -$0.050 $0.000 -$5.679 $0.000 $0.000 zero in 2023
Insider Selling $6.697 $4.639 $6.648 $1.726 $28.907 $0.000 $1.744 $41.701 $53.705
Net Insider Selling $6.530 $4.145 $5.016 -$3.539 $28.857 $0.000 -$3.935 $41.701 $53.705
Net Selling % of Market Cap 0.01% 0.01% 0.01% -0.01% 0.04% 0.00% 0.00% 0.04% 0.05%
Directors 16 15 15 15 15 14 14 14
Women 35% 5 31% 7 47% 6 40% 7 47% 7 47% 6 43% 6 43% 7 50%
Minorities 0% 0 0% 1 7% 1 7% 1 7% 1 7% 2 14% 2 14% 1 7%
Institutions/Holdings 44.39% 407 44.39% 20 39.22% 20 10.33% 20 41.15% 20 47.56% 20 39.57% 20 47.64% 20 43.70%
Total Shares Held 22.02% 201.724 22.65% 174.702 19.54% 46.189 5.17% 371.061 40.95% 431.007 46.29% 368.519 39.11% 449.048 48.46% 404.908 43.70%
Increase/Decrease 3 Mths -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% 24.742 5.83% -40.907 -9.18%
Starting No. of Shares 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 424.306 Top 20 MS 445.815 Top 20 MS
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