# American Express CDR (CAD Hedged) (AXP.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Financial Services / Consumer Lending. Price C$27.37, market value C$282.4 billion.

## Valuation
- **P/E (trailing): 18.5×** (5-yr avg 31.7×, 3-yr avg 31.7×). American Express CDR (CAD Hedged) trades at 18.5× trailing earnings, well below its own five-year average of 31.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.3%** (5-yr avg 4.7%). Free cash flow equals 5.3% of the market value, in line with its five-year average of 4.7%. Above 5% is generally attractive.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Net margin: 15.0%**. 15.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 32.4%**. 32.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 3.8%**. Each dollar of assets produces 3.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 9.5%** (3-yr 11.0%/yr). Revenue grew 9.5% over the last year.
- **EPS growth (1 yr): 9.8%** (3-yr 16.0%/yr). Earnings per share rose 9.8%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -5.9%/yr**. Free cash flow has compounded at -5.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: C$47.7 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. American Express CDR (CAD Hedged) does not currently pay a dividend, but it returned 2.6% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -17.2%** (9.8% above the low). Trading 17% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.82** (volatility 27%). Beta of 0.82 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AXP.TO · Page: https://foliofundamentals.com/stocks/axp.to

Not investment advice.