Buy CM stock ? Quick analysis on CIBC bank with 5.24% div yield #bank #dividend #bankstock

Intro hello and welcome back to another video on this channel today we are taking a look at cibc bank also known as canadian imperial bank of commerce to see whether we are buying or waiting for price to fall Statistics cibc bank is trading in canadian as well as in u.s dollars the market cap of this bank is almost 58 billion dollars its trailing 12-month pe is close to nine cibc is paying three dollars and 32 in dividend and yielding at 5.21 percent its current payout ratio is less than 45 percent it is trading at its price to book value of 1.21 these are the key statistics of cibc bank now let's see is financial statements Financials personally i like to see at least 10 years of financial data let's start with income statement under income statement we can see that revenue of this company is growing every single year revenue has grown exponentially exponentially in recent years as compared to past years the interest income is also growing every single year the net income is also growing the number of shares outstanding is increasing slightly as compared to past 10 years now let's move to balance sheet here we can see the current assets and total assets is increasing every single year its current liabilities and total liabilities is also increasing if you take all its asset and subtract all its liabilities you will get a book value close to 45 billion dollars let's move to five let's move to cash flow statement on the screen we can see cash from operating activity is quite volatile of recent years basically banking industry and insurance industry tend to have quite volatile free cash flow we can also see the amount of dividend paid is also increasing year over year which means company is increasing its dividend every single year Freeform tool let's move on to freeform tool to see how company has performed over the past few years in freeform tool i like to see at least seven years of financial data here on my screen you guys can see revenue is growing at compounded annual growth rate of 6.86 percent the income has also grown over the past seven years at 11.98 percent compounded annually we can also see there is huge jump in shares outstanding this is due to because stock has split into few weeks ago if we take that stock split factor out the number of year outstanding has increased by almost 2.15 percent dividend first share has increased at compounded annual growth rate of point two eight percent the average pe of cibc bank over the last seven year is ten point three two and its average price to book value is one point five one Conclusion by looking at its financial statements we can conclude that cibc bank has good balance sheet and this bank is hard to ignore especially when it is increasing its dividend at 6.28 percent compounded annually and its payout ratio is under 45 percent the only thing i did not like here is it is increasing its number of years outstanding as compared to other canadian banks also this is one of the most reputable bank in canada and personally i don't think this business is going under anytime soon i will be buying shares of this company when it is trading under its 52-week low range if you enjoyed this video please leave a like and subscribe for future content and let me know your views on this company down in the comment section see you in the next video you