Financials Canadian Western Bank

Equities

CWB

CA13677F1018

Banks

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
26.73 CAD +0.11% Intraday chart for Canadian Western Bank +0.56% -13.41%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,909 2,134 3,450 2,204 2,648 2,581 - -
Enterprise Value (EV) 1 2,909 2,134 3,450 2,204 2,648 2,581 2,581 2,581
P/E ratio 11 x 8.57 x 10.6 x 6.99 x 8.13 x 7.5 x 6.98 x -
Yield 3.24% 4.69% 2.93% 5.15% 4.73% 5.15% 5.4% -
Capitalization / Revenue 3.38 x 2.38 x 3.4 x 2.05 x 2.38 x 2.17 x 2.05 x 2.04 x
EV / Revenue 3.38 x 2.38 x 3.4 x 2.05 x 2.38 x 2.17 x 2.05 x 2.04 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.14 x 0.77 x 1.2 x 0.71 x 0.77 x 0.69 x 0.63 x -
Nbr of stocks (in thousands) 87,217 87,100 87,133 92,988 96,378 96,543 - -
Reference price 2 33.35 24.50 39.59 23.70 27.48 26.73 26.73 26.73
Announcement Date 12/5/19 12/4/20 12/3/21 12/2/22 12/8/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 861.6 897.4 1,016 1,076 1,113 1,191 1,258 1,265
EBITDA - - - - - - - -
EBIT 1 461.1 469.3 517.1 521.9 527.5 585 632.1 -
Operating Margin 53.52% 52.3% 50.9% 48.49% 47.42% 49.13% 50.26% -
Earnings before Tax (EBT) 1 390.5 368.6 480.3 448.5 474.6 501 546.8 -
Net income 1 266.9 249 327.5 310.3 324.3 346.3 378.8 -
Net margin 30.98% 27.74% 32.23% 28.83% 29.15% 29.08% 30.12% -
EPS 2 3.040 2.860 3.730 3.390 3.380 3.563 3.830 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.080 1.150 1.160 1.220 1.300 1.376 1.444 -
Announcement Date 12/5/19 12/4/20 12/3/21 12/2/22 12/8/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 260.6 266 258.8 271.7 279.8 272.9 264.4 283.5 291.8 290 291.3 302.3 308.2 306.7 304.2
EBITDA - - - - - - - - - - - - - - -
EBIT 1 122.7 137.1 119.9 132.3 132.5 129 118.2 137.2 143 147.3 141.2 152.8 158.3 158 158
Operating Margin 47.1% 51.55% 46.34% 48.71% 47.36% 47.28% 44.72% 48.4% 49.03% 50.79% 48.47% 50.54% 51.34% 51.52% 51.94%
Earnings before Tax (EBT) 1 130.1 125.5 106.1 116.1 100.9 134.2 105.7 120.5 114.3 126.4 122.2 128.3 130.9 133 129.4
Net income 1 90 87.64 74.16 80.81 67.69 94.36 70.04 83.07 76.84 87.92 81.96 87.65 88.48 91.52 87.74
Net margin 34.53% 32.95% 28.66% 29.74% 24.19% 34.58% 26.49% 29.3% 26.34% 30.32% 28.13% 29% 28.7% 29.84% 28.85%
EPS 2 1.010 0.9700 0.8200 0.8800 0.7200 0.9900 0.7300 0.8600 0.8000 0.9100 0.8367 0.9000 0.9167 0.8900 0.8600
Dividend per Share 2 0.2900 0.3000 0.3000 0.3100 0.3100 0.3200 0.3200 0.3100 0.3300 0.3400 0.3425 0.3475 0.3500 0.3600 0.3650
Announcement Date 12/3/21 2/25/22 5/27/22 8/26/22 12/2/22 3/2/23 5/26/23 9/1/23 12/8/23 3/1/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.3% 9.5% 11.8% 10.8% 10.4% 9.78% 9.84% -
ROA (Net income/ Total Assets) 0.88% 0.76% 0.92% 0.79% 0.77% 0.81% 0.83% -
Assets 1 30,334 32,757 35,595 39,279 42,119 42,622 45,915 -
Book Value Per Share 2 29.30 31.80 33.10 33.50 35.80 38.90 42.10 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/5/19 12/4/20 12/3/21 12/2/22 12/8/23 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
26.73 CAD
Average target price
34.2 CAD
Spread / Average Target
+27.95%
Consensus
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