TSX · Asset Management · CAD

New Commerce Split Fund (YCM.TO) Stock Analysis

New Commerce Split Fund (YCM.TO) is a Asset Management stock listed on TSX and quoted in Canadian Dollar.

YCM.TO

CA$10.95

+CA$0.25 (+2.34%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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YCM.TO Key Statistics

As of Sep 4, 2026

Trading

Open: CA$10.95
Previous Close: CA$10.70
52-Week Range: 4.74–11.60
Volume: 200

Valuation

Market Cap: CA$10.80M
P/E Ratio: 8.36
EPS (ttm): 1.31

Financials (FY)

Revenue (FY): −CA$863.75K
Net Income (FY): −CA$1.03M
Profit margin: 0.00%
Shares Outstanding: 986.18K
1-Year Return: +112.25%

Dividend and dates

Dividend: CA$0.90+8.41%
Ex-Dividend Date: August 31, 2026
Avg Volume: 38

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

YCM.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−68.10%+201.86%+50.43%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+50.43%
2025	+81.71%
2024	+201.86%
2023	+6.29%
2022	−68.10%
2021	+198.66%
2020	+17.65%
2019	+2.83%
2018	−60.91%
2017	+51.72%
2016 (partial year)	+36.79%

As of September 4, 2026.

YCM.TO Revenue and Earnings by Fiscal Year

FY ends November

RevenueNet income

202120222023

Fiscal year	Revenue	Net income	Net margin
2023	−CA$863.75K	−CA$1.03M	119.2%
2022	−CA$699.56K	−CA$884.58K	126.4%
2021	CA$3.28M	CA$3.10M	94.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2023	−CA$863.75K	—	—	−CA$1.03M	119.2%
2022	−CA$699.56K	—	—	−CA$884.58K	126.4%
2021	CA$3.28M	—	—	CA$3.10M	94.7%

Annual figures as reported, in the company's reporting currency. As of November 30, 2023.

YCM.TO Dividend History

’21’22’24’25’26*

CA$0.41+350.0% vs 2024

Dividends per share, 2025 · 9 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.54	8	—
2025	CA$0.41	9	+350.0%
2024	CA$0.09	2	—
2022	CA$0.14	3	−40.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.54	8	—
2025	CA$0.41	9	+350.0%
2024	CA$0.09	2	—
2022	CA$0.14	3	−40.0%
2021	CA$0.23	5	—

Most recent payment: CA$0.07 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

YCM.TO Valuation vs Asset Management Median

Median of 561 stocks

Metric	YCM.TO	Asset Management median	vs median
P/E	8.36	10.34	19% below
Profit margin	0.00%	24.09%	24.1 pts below

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

New Commerce Split Fund (YCM.TO) carries a market capitalisation of CA$10.80M. The company sits in the Financial Services sector, in the Asset Management industry.

Over the past 52 weeks the price has ranged from CA$4.74 to CA$11.60. The most recent close on file for YCM.TO is CA$10.95, dated September 4, 2026. That is +CA$0.25 (+2.34%) against the previous close. The latest close sits 131.19% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2023, shows revenue of −CA$863.75K. The same year closed with a net loss of CA$1.03M. The reported profit margin is 0%. That is 24.1 percentage points below the Asset Management median of 24.09%. Trailing earnings per share are 1.31.

Across the 3 fiscal years on file, revenue moves from CA$3.28M in 2021 to −CA$863.75K in 2023. Of those 3 years, 1 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 8.36. That is 19.15% below the Asset Management median of 10.34. 561 Asset Management companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is +112.25%. Across 10 years the annualized return works out at +22.96%. Annualized volatility over the trailing 10 years is 86.57%.

Growth & Income

YCM.TO pays a dividend yielding 8.41%. That is 0.3 percentage points above the Asset Management median yield of 8.11%. At the indicated rate that is CA$0.90 a share a year. The ex-dividend date on file is August 31, 2026. Dividends are recorded for 5 calendar years; 2026 shows 8 payments totalling CA$0.54 a share. The year before, 2025, totalled CA$0.41 a share.

So far in 2026 the price is +50.43%. Across the complete calendar years on file, 2024 returned +201.86% and 2022 returned −68.10%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

New Commerce Split Fund (YCM.TO) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
New Commerce Split Fund	YCM.TO	CA$10.80M	8.4
BlackRock, Inc.	BLK	CA$182.35B	26.9
Blackstone Inc.	BX	CA$162.74B	30.5
KKR & Co. Inc.	KKR	CA$99.50B	34.4

The Asset Management industry average P/E ratio is 10.3x. New Commerce Split Fund trades at a P/E of 8.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About New Commerce Split Fund

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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