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New Commerce Split Fund is an equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in the equity shares of Canadian Imperial Bank of Commerce. It was formerly known as Commerce Split Fund. New Commerce Split Fund was launched on November 27, 2006 and is domiciled in Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Commerce Split Corp (YCM.TO) is limited; it appears to be a Canadian split-share corporation holding an equity portfolio and issuing split shares to separate income and capital exposure. Long-term drivers may include dividend income and total return from underlying equities plus active management, which could support distributions and some capital appreciation.
Material risks include equity market volatility, interest-rate sensitivity, structural conflicts between share classes, manager execution and limited liquidity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Income before tax | -1.03M | -0.88M | 3.10M | -0.20M | 1.22M |
| Net income | -1.03M | -0.88M | 3.10M | -0.20M | 1.22M |
| Selling general administrative | 0.15M | 0.16M | 0.05M | 0.05M | 0.04M |
| Gross profit | -0.95M | -0.79M | 3.16M | -0.10M | 1.26M |
| Ebit | -1.20M | -1.11M | 2.87M | -0.40M | 1.05M |
| Ebitda | -1.03M | -0.88M | 3.10M | -0.20M | 1.22M |
| Depreciation and amortization | 0.17M | 0.23M | 0.24M | 0.21M | 0.17M |
| Operating income | -1.03M | -0.88M | 3.10M | -0.20M | 1.22M |
| Other operating expenses | 0.17M | 0.19M | 0.17M | 0.17M | 0.16M |
| Interest expense | - | - | 0.00M | 0.00M | 0.00M |
| Interest income | 0.02M | 0.00M | - | - | - |
| Net interest income | 0.02M | 0.00M | - | - | - |
| Income tax expense | -0.17M | -0.23M | -0.24M | -0.21M | -0.17M |
| Total revenue | -0.86M | -0.70M | 3.26M | -0.02M | 1.38M |
| Total operating expenses | 0.17M | 0.19M | 0.17M | -0.17M | -0.16M |
| Cost of revenue | 0.08M | 0.09M | 0.10M | 0.08M | 0.12M |
| Total other income expense net | -0.58M | -0.61M | -0.61M | -0.52M | -1.09M |
| Net income from continuing ops | -1.03M | -0.88M | 3.10M | -0.20M | 1.22M |
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Total assets | 9.73M | 11.41M | 12.96M | 10.67M | 18.80M |
| Other current assets | -9.73M | - | - | - | - |
| Total liab | 0.05M | 9.18M | 9.10M | 9.09M | 16.39M |
| Total stockholder equity | 0.63M | 2.23M | 3.86M | 1.58M | 2.41M |
| Other current liab | -0.05M | - | - | - | - |
| Cash | 0.74M | 0.75M | 0.20M | 0.42M | 10.50M |
| Total current liabilities | 0.05M | - | - | - | - |
| Current deferred revenue | -8.91M | - | - | - | - |
| Net debt | 8.22M | - | - | - | - |
| Short term debt | 8.97M | - | - | - | - |
| Short long term debt total | 8.97M | - | - | - | - |
| Total current assets | 0.74M | - | - | - | - |
| Long term investments | 8.98M | 10.65M | 12.77M | 10.25M | 6.46M |
| Short term investments | 8.98M | - | 12.77M | 10.25M | 6.46M |
| Net receivables | 0.00M | - | 0.00M | 0.00M | 0.00M |
| Inventory | 9.73M | - | - | - | - |
| Accounts payable | 0.05M | 0.05M | 0.10M | 0.05M | 0.04M |
| Non currrent assets other | -8.98M | - | - | - | - |
| Non current assets total | 8.98M | - | - | - | - |
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Total cash from financing activities | -0.58M | -0.78M | -0.78M | -7.93M | -1.09M |
| Net income | -1.61M | -0.88M | 3.10M | -0.20M | 0.12M |
| Change in cash | -0.01M | 0.56M | -0.22M | -10.08M | 10.15M |
| Begin period cash flow | 0.75M | 0.20M | 0.42M | 10.50M | 0.35M |
| End period cash flow | 0.74M | 0.75M | 0.20M | 0.42M | 10.50M |
| Total cash from operating activities | 0.57M | 1.34M | 0.56M | -2.15M | 11.25M |
| Dividends paid | 0.58M | 0.78M | 0.78M | 0.56M | 1.09M |
| Change to account receivables | -0.00M | 0.00M | -0.00M | 0.00M | 0.00M |
| Sale purchase of stock | - | - | 0.00M | -7.36M | 0.00M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.00M | -0.01M | 0.00M | -0.01M | 0.01M |
| Other non cash items | 2.17M | 2.84M | -0.61M | -6.99M | 11.12M |
| Free cash flow | 0.57M | 1.34M | 0.56M | -2.15M | 11.25M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| YCM Commerce Split Corp |
- -% |
10.70 | 7.40 | - | 4.69 | 4.81 | 4.69 |
| BLK BlackRock CDR (CAD Hedged) |
0.85 2.89% |
30.29 | 25.23 | 18.90 | 6.38 | 2.79 | 6.35 |
| BN Brookfield Corporation |
1.29 2.27% |
58.14 | 94.76 | 11.96 | 1.84 | 2.36 | 4.58 |
| BAM Brookfield Asset Management Ltd |
1.57 2.20% |
72.89 | 31.22 | 25.51 | 22.40 | 9.70 | 17.61 |
| PHYS Sprott Physical Gold Trust |
1.02 2.45% |
42.61 | 3.81 | - | 3.47 | 1.06 | 4.09 |
New Commerce Split Fund is an equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in the equity shares of Canadian Imperial Bank of Commerce. It was formerly known as Commerce Split Fund. New Commerce Split Fund was launched on November 27, 2006 and is domiciled in Canada.
200 Front Street West, Toronto, ON, Canada, M5V 3K2
416-304-4440
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