View Financial HealthChorus Aviation 配当と自社株買い配当金 基準チェック /26Chorus Aviation配当を支払う会社であり、現在の利回りは1.33%で、収益によって十分にカバーされています。主要情報1.3%配当利回り13.2%バイバック利回り総株主利回り14.5%将来の配当利回り2.7%配当成長-16.2%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向13%最近の配当と自社株買いの更新Upcoming Dividend • Jun 08Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.5%).お知らせ • May 10Chorus Aviation Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2026Chorus Aviation Inc. announced the declaration of a cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on June 30, 2026 to Shareholders of record at the close of business on June 15, 2026.Upcoming Dividend • Mar 06Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (1.7%).お知らせ • Feb 13Chorus Aviation Inc. Announces Declaration of Quarterly Cash Dividend, Payable on March 31, 2026Chorus Aviation Inc. announced the declaration of quarterly cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on March 31, 2026 to Shareholders of record at the close of business on March 13, 2026. This declared dividend represents a 38% increase from the prior quarterly dividend.Upcoming Dividend • Dec 05Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company last paid an ordinary dividend in December 2014. The average dividend yield among industry peers is 2.7%.お知らせ • Nov 07Chorus Aviation Inc. Announces Quarterly Dividend, Payable on December 29, 2025Chorus Aviation Inc. announced the declaration of a cash dividend of CAD 0.08 per Class A Variable Voting Share and Class B Voting Share payable on December 29, 2025 to shareholders of record at the close of business on December 12, 2025.すべての更新を表示Recent updatesナラティブ更新 • Jun 23CHR: Higher Long Term P/E Assumptions Will Support Future Upside PotentialThe analyst price target for Chorus Aviation has been raised by CA$1, as reflected in recent updates from analysts who have cited revised assumptions in their models. Analyst Commentary Recent research on Chorus Aviation highlights a mix of optimism and caution, even as the company’s analyst price target has been adjusted higher.Upcoming Dividend • Jun 08Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.5%).ナラティブ更新 • Jun 07CHR: Higher Long Term P/E Assumptions Will Support Future Upside PotentialAnalysts have slightly increased their price targets on Chorus Aviation by CA$1, reflecting updated assumptions around discount rates and long term P/E expectations, while keeping fair value estimates broadly steady. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$1 upward adjustment in price targets as consistent with updated discount rate work and long term P/E assumptions, rather than a wholesale shift in the investment case.ナラティブ更新 • May 24CHR: Lower Discount Rate And Higher P/E Multiple Will Support UpsideAnalysts have raised their average price target on Chorus Aviation by CA$2.01 to CA$30.86, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts increasing their price targets see room for the stock to better reflect updated assumptions on discount rates and future P/E multiples.Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: CA$0.30 (down from CA$0.70 in 1Q 2025). Revenue: CA$325.4m (down 6.5% from 1Q 2025). Net income: CA$7.00m (down 63% from 1Q 2025). Profit margin: 2.2% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • May 10Chorus Aviation Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2026Chorus Aviation Inc. announced the declaration of a cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on June 30, 2026 to Shareholders of record at the close of business on June 15, 2026.Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. President, CEO & Director Colin Copp was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Mar 12Independent Chairman recently bought CA$112k worth of stockOn the 9th of March, Paul Rivett bought around 5k shares on-market at roughly CA$22.47 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months.Upcoming Dividend • Mar 06Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (1.7%).お知らせ • Feb 25+ 3 more updatesChorus Aviation Inc. to Report Q3, 2026 Results on Nov 09, 2026Chorus Aviation Inc. announced that they will report Q3, 2026 results on Nov 09, 2026お知らせ • Feb 24Chorus Aviation Inc., Annual General Meeting, May 08, 2026Chorus Aviation Inc., Annual General Meeting, May 08, 2026.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$24.76, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Airlines industry in North America. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$41.48 per share.Reported Earnings • Feb 15Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: CA$3.05 (up from CA$4.56 loss in FY 2024). Revenue: CA$1.32b (down 6.3% from FY 2024). Net income: CA$78.7m (up CA$203.8m from FY 2024). Profit margin: 6.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.New Risk • Feb 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 31% per year for the foreseeable future.お知らせ • Feb 13Chorus Aviation Inc. Announces Declaration of Quarterly Cash Dividend, Payable on March 31, 2026Chorus Aviation Inc. announced the declaration of quarterly cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on March 31, 2026 to Shareholders of record at the close of business on March 13, 2026. This declared dividend represents a 38% increase from the prior quarterly dividend.Upcoming Dividend • Dec 05Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company last paid an ordinary dividend in December 2014. The average dividend yield among industry peers is 2.7%.Reported Earnings • Nov 09Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CA$0.42 (down from CA$0.78 in 3Q 2024). Revenue: CA$323.6m (down 5.4% from 3Q 2024). Net income: CA$10.7m (down 50% from 3Q 2024). Profit margin: 3.3% (down from 6.2% in 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.お知らせ • Nov 08Chorus Aviation Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2025 and for Fiscal Year 2026Chorus Aviation Inc. provided earnings guidance for the full year ending December 31, 2025 and for fiscal year 2026. For the 2025, the company expects revenue to be $123,000,000. For the 2026, the company expects revenue to be $104,000,000.New Risk • Nov 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 31% per year for the foreseeable future.お知らせ • Nov 07Chorus Aviation Inc. Announces Quarterly Dividend, Payable on December 29, 2025Chorus Aviation Inc. announced the declaration of a cash dividend of CAD 0.08 per Class A Variable Voting Share and Class B Voting Share payable on December 29, 2025 to shareholders of record at the close of business on December 12, 2025.分析記事 • Sep 23Should You Investigate Chorus Aviation Inc. (TSE:CHR) At CA$22.30?While Chorus Aviation Inc. ( TSE:CHR ) might not have the largest market cap around , it saw a decent share price...お知らせ • Sep 22Chorus Aviation Inc. (TSX:CHR) announces an Equity Buyback for CAD 50 million worth of its shares.Chorus Aviation Inc. (TSX:CHR) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 50 million of its Class A Variable Voting Shares and Class B Voting Shares. The shares will be repurchased at a cash purchase price of not less than CAD 23 and not more than CAD 25 per Share. If Shares with an aggregate purchase price of more than CAD 25 million are properly tendered and not properly withdrawn, the company will purchase the Shares on a pro rata basis except that "odd lot" tenders. The purpose of the offer is use of the company's financial resources given its available cash resources and to truly reflect the value in share prices. The offer is valid till November 10, 2025.分析記事 • Aug 08Results: Chorus Aviation Inc. Exceeded Expectations And The Consensus Has Updated Its EstimatesTSX:CHR 1 Year Share Price vs Fair Value Explore Chorus Aviation's Fair Values from the Community and select yours Last...Reported Earnings • Aug 06Second quarter 2025 earnings releasedSecond quarter 2025 results: Net income: (down CA$571.0k from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings are forecast to decline by an average of 24% per year for the foreseeable future.Upcoming Dividend • Jul 24Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 2.6%.分析記事 • Jul 03Chorus Aviation Inc. (TSE:CHR) Shares Could Be 48% Below Their Intrinsic Value EstimateKey Insights The projected fair value for Chorus Aviation is CA$43.18 based on 2 Stage Free Cash Flow to Equity Current...お知らせ • Jun 26+ 1 more updateChorus Aviation Inc. Intends to Declare Future Quarterly Cash DividendsChorus Aviation Inc. intends to declare future quarterly cash dividends in the amount of $0.08 per Share concurrent with the announcement of its quarterly earnings reports, starting with the 2025 third quarter earnings release currently scheduled to occur on November 6, 2025.分析記事 • May 09Results: Chorus Aviation Inc. Beat Earnings Expectations And Analysts Now Have New ForecastsIt's been a good week for Chorus Aviation Inc. ( TSE:CHR ) shareholders, because the company has just released its...Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: CA$0.71 (up from CA$0.25 loss in 1Q 2024). Revenue: CA$348.1m (down 2.9% from 1Q 2024). Net income: CA$18.9m (up CA$25.9m from 1Q 2024). Profit margin: 5.4% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to stay flat during the next 3 years compared to a 7.6% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.0% to CA$18.22. The fair value is estimated to be CA$23.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Apr 08+ 3 more updatesChorus Aviation Inc. to Report Q1, 2025 Results on May 06, 2025Chorus Aviation Inc. announced that they will report Q1, 2025 results on May 06, 2025お知らせ • Apr 07Chorus Aviation Inc. (TSX:CHR) announces an Equity Buyback for CAD 25 million worth of its shares.Chorus Aviation Inc. (TSX:CHR) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 25 million of its Class A Variable Voting Shares and Class B Voting Shares. The shares will be repurchased at a cash purchase price of not less than CAD 17.50 and not more than CAD 21 per Share. If Shares with an aggregate purchase price of more than CAD 25 million are properly tendered and not properly withdrawn, the company will purchase the Shares on a pro rata basis except that "odd lot" tenders. The purpose of the offer is use of the company's financial resources given its available cash resources and to truly reflect the value in share prices. The offer is valid till May 20, 2025.Buy Or Sell Opportunity • Apr 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to CA$18.70. The fair value is estimated to be CA$23.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making.Recent Insider Transactions • Mar 02President recently bought CA$100k worth of stockOn the 27th of February, Colin Copp bought around 5k shares on-market at roughly CA$20.12 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Colin's only on-market trade for the last 12 months.お知らせ • Feb 26Chorus Aviation Inc., Annual General Meeting, May 07, 2025Chorus Aviation Inc., Annual General Meeting, May 07, 2025.Reported Earnings • Feb 20Full year 2024 earnings released: CA$4.49 loss per share (vs CA$2.36 profit in FY 2023)Full year 2024 results: CA$4.49 loss per share (down from CA$2.36 profit in FY 2023). Revenue: CA$1.40b (down 16% from FY 2023). Net loss: CA$17.8m (down 127% from profit in FY 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.新しいナラティブ • Feb 11Sale Of RAL Segment Will Reduce Debt By $17 Billion And Improve Financial Flexibility Sale of Regional Aircraft Leasing improves financial flexibility and profitability by reducing debt levels and servicing costs. Recent Insider Transactions Derivative • Dec 10President exercised options to buy CA$853k worth of stock.On the 6th of December, Colin Copp exercised options to buy 257k shares at a strike price of around CA$3.36, costing a total of CA$864k. This transaction amounted to 220% of their direct individual holding at the time of the trade. Since March 2024, Colin has owned 116.99k shares directly. Company insiders have collectively bought CA$4.0m more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • Dec 08HPS Investment Partners, LLC completed the acquisition of Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR).HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) for approximately CAD 1.9 billion on July 30, 2024. The aggregate consideration for the Transaction is approximately CAD 1.9 billion, of which CAD 814 million is in the form of cash (net of estimated transaction expenses) and CAD 1.086 billion is in the form of aircraft debt to be assumed or prepaid by the buyers at closing and the value of the non-controlling interest. The SPA permits Chorus’ board of directors to consider an unsolicited superior proposal (including a proposal for the acquisition of Chorus) which is received after the date of the SPA and before the approval of the Transaction by shareholders. The buyers will have the right to match a superior proposal for the RAL segment. Chorus has agreed to pay the buyers a break fee of $25 million (CAD 34.598750 million) in the event that the Chorus board withdraws or otherwise changes its recommendation in favour of the Transaction after receiving a superior proposal and subsequently terminates the SPA to accept the superior proposal. Brookfield holds approximately 13.2% of Chorus’ outstanding common shares, and Air Canada holds approximately 8.1% of Chorus’ outstanding common shares. Both shareholders have signed voting support agreements with the buyers pursuant to which they have agreed to vote in favor of the approval of the Transaction and are expected to maintain representation on the Company’s board of directors following completion of the Transaction. The Transaction is subject to the approval of at least two thirds (66 2/3%) of the votes cast by Chorus’ common shareholders, regulatory approvals and other customary conditions to closing. Completion of the Transaction is not conditional on financing. The Chorus board has unanimously determined that the Transaction is in the best interest of Chorus and will unanimously recommend that shareholders vote in favour of the transaction. Brookfield and Air Canada, the Company’s largest shareholders, have both signed agreements to vote in favor of the Transaction at the Meeting. Chorus Aviation Inc. shareholders will hold special meeting on September 25, 2024 to approve the transaction. The transaction is subject to Antitrust clearances. On September 25, 2024, Chorus Aviation announced shareholder approval, expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of approval from Ireland’s Competition and Consumer Protection Commission. On October 24, 2024, all regulatory conditions for the sale of Chorus Aviation Capital Corp. have been satisfied. The Transaction is expected to close by the end of this year. The proceeds from the Transaction are expected to be used to pay down or redeem the Company’s corporate financings, including the Series 1 Preferred Shares and all of the Debentures, as well as pay all related transaction expenses and early redemption amounts (including the multiple on invested capital payable upon the redemption of the Series 1 Preferred Shares). Following the closing of the Transaction, Chorus will exercise its rights to redeem or make an offer to redeem (as applicable) the Debentures in accordance with the terms of the relevant indentures. Goldman Sachs International provided an opinion to the Chorus board and also acted as lead financial advisor to the Company. Scotiabank also acted as financial advisor to the Company. Chorus is advised by James Cameron, Jordan Simpson, Siddharth Sharma and Andrew Reilly of Milbank LLP as lead transaction counsel and Alex Gorka, Michelle Lally and Kaeleigh Kuzma of Osler, Hoskin & Harcourt LLP as Canadian corporate counsel. Slaughter and May acted as legal advisor to HPS Investment. Alexandra J. McCormack and Paul T. Schnell of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to The Goldman Sachs Group, Inc. in the transaction. Kingsdale Advisors LP acted as proxy solicitor of Chorus Aviation Inc. HPS Investment Partners, LLC completed the acquisition of Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) on December 6, 2024.お知らせ • Dec 06Chorus Aviation Inc. Announces Management ChangesChorus Aviation Inc. announced the planned retirement of Jolene Mahody, Executive Vice President and Chief Strategy Officer, effective January 2025 after a 32-year career with Chorus and its predecessor companies. Randolph deGooyer has been appointed to the role of Chief Operating Officer of Chorus, effective January 1, 2025. Randolph is currently the President of Chorus' largest subsidiary, Jazz Aviation, and brings significant operational and industry experience to his new role. Doug Clarke, currently Jazz's Vice President of Finance and Business Services, will replace Randolph as President of Jazz. With the disposition of the RAL segment, Chorus is reducing corporate overhead cost in many areas, including reducing its Board of Directors by 50%. As a result, Chorus directors Gail Hamilton, R Stephen Hannahs, Alan Jenkins and David Levenson are stepping down from the board effective January 1, 2025, and Karen Cramm will stay on until the next annual general meeting.分析記事 • Nov 14We Think You Can Look Beyond Chorus Aviation's (TSE:CHR) Lackluster EarningsSoft earnings didn't appear to concern Chorus Aviation Inc.'s ( TSE:CHR ) shareholders over the last week. Our analysis...Major Estimate Revision • Nov 13Consensus EPS estimates upgraded to CA$0.80 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$1.46b to CA$1.43b. 2024 losses expected to reduce from -CA$0.92 to -CA$0.80 per share. Airlines industry in Canada expected to see average net income growth of 32% next year. Consensus price target up from CA$3.34 to CA$3.58. Share price rose 5.7% to CA$3.36 over the past week.New Risk • Nov 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).Price Target Changed • Nov 08Price target increased by 10% to CA$3.58Up from CA$3.25, the current price target is an average from 9 analysts. New target price is 13% above last closing price of CA$3.16. Stock is up 41% over the past year. The company is forecast to post a net loss per share of CA$0.92 compared to earnings per share of CA$0.34 last year.Reported Earnings • Nov 08Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$0.10 (up from CA$0.04 in 3Q 2023). Revenue: CA$342.0m (down 24% from 3Q 2023). Net income: CA$21.2m (up 171% from 3Q 2023). Profit margin: 6.2% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 6.9%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Oct 04Independent Chairman recently bought CA$352k worth of stockOn the 30th of September, Paul Rivett bought around 125k shares on-market at roughly CA$2.81 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$377k. This was Paul's only on-market trade for the last 12 months.Recent Insider Transactions • Aug 28Independent Director recently bought CA$377k worth of stockOn the 23rd of August, David Levenson bought around 145k shares on-market at roughly CA$2.61 per share. This transaction increased David's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Major Estimate Revision • Aug 21Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$1.50b to CA$1.46b. Now expected to report a loss of CA$0.41 per share instead of CA$0.237 per share profit previously forecast. Airlines industry in Canada expected to see average net income growth of 32% next year. Consensus price target broadly unchanged at CA$3.25. Share price rose 2.8% to CA$2.59 over the past week.分析記事 • Aug 17Revenue Beat: Chorus Aviation Inc. Exceeded Revenue Forecasts By 5.3% And Analysts Are Updating Their EstimatesIt's been a good week for Chorus Aviation Inc. ( TSE:CHR ) shareholders, because the company has just released its...Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.003 (down from CA$0.053 in 2Q 2023). Revenue: CA$351.2m (down 12% from 2Q 2023). Net income: CA$571.0k (down 94% from 2Q 2023). Profit margin: 0.2% (down from 2.6% in 2Q 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Major Estimate Revision • Aug 06Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.284 to CA$0.226 per share. Revenue forecast steady at CA$1.64b. Net income forecast to shrink 22% next year vs 20% growth forecast for Airlines industry in Canada . Consensus price target up from CA$3.02 to CA$3.31. Share price fell 8.4% to CA$2.51 over the past week.New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 94% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings are forecast to decline by an average of 94% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Price Target Changed • Aug 01Price target increased by 8.1% to CA$3.26Up from CA$3.02, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CA$2.85. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of CA$0.26 for next year compared to CA$0.34 last year.お知らせ • Jul 30HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) for approximately CAD 1.9 billion.HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) ("Chorus" or the "Company") for approximately CAD 1.9 billion on July 30, 2024. The aggregate consideration for the Transaction is approximately CAD 1.9 billion, of which CAD 814 million is in the form of cash (net of estimated transaction expenses) and CAD 1.086 billion is in the form of aircraft debt to be assumed or prepaid by the buyers at closing and the value of the non-controlling interest. The SPA permits Chorus’ board of directors to consider an unsolicited superior proposal (including a proposal for the acquisition of Chorus) which is received after the date of the SPA and before the approval of the Transaction by shareholders. The buyers will have the right to match a superior proposal for the RAL segment. Chorus has agreed to pay the buyers a break fee of $25 million (CAD 34.598750 million) in the event that the Chorus board withdraws or otherwise changes its recommendation in favour of the Transaction after receiving a superior proposal and subsequently terminates the SPA to accept the superior proposal. Brookfield holds approximately 13.2% of Chorus’ outstanding common shares, and Air Canada holds approximately 8.1% of Chorus’ outstanding common shares. Both shareholders have signed voting support agreements with the buyers pursuant to which they have agreed to vote in favour of the approval of the Transaction and are expected to maintain representation on the Company’s board of directors following completion of the Transaction. The Transaction is subject to the approval of at least two thirds (66 2/3%) of the votes cast by Chorus’ common shareholders, regulatory approvals and other customary conditions to closing. Completion of the Transaction is not conditional on financing. The Chorus board has unanimously determined that the Transaction is in the best interest of Chorus and will unanimously recommend that shareholders vote in favour of the Transaction. Brookfield and Air Canada, the Company’s largest shareholders, have both signed agreements to vote in favour of the Transaction at the Meeting. The Transaction is expected to close by the end of this year. The proceeds from the Transaction are expected to be used to pay down or redeem the Company’s corporate financings, including the Series 1 Preferred Shares and all of the Debentures, as well as pay all related transaction expenses and early redemption amounts (including the multiple on invested capital payable upon the redemption of the Series 1 Preferred Shares). Following the closing of the Transaction, Chorus will exercise its rights to redeem or make an offer to redeem (as applicable) the Debentures in accordance with the terms of the relevant indentures. Goldman Sachs International provided an opinion to the Chorus board and also acted as lead financial advisor to the Company. Scotiabank also acted as financial advisor to the Company. Chorus is advised by Milbank LLP as lead transaction counsel and Osler, Hoskin & Harcourt LLP as Canadian corporate counsel.分析記事 • Jul 24A Piece Of The Puzzle Missing From Chorus Aviation Inc.'s (TSE:CHR) 28% Share Price ClimbChorus Aviation Inc. ( TSE:CHR ) shares have continued their recent momentum with a 28% gain in the last month alone...Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$2.81, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Airlines industry in North America. Total loss to shareholders of 37% over the past three years.分析記事 • May 13Chorus Aviation's (TSE:CHR) Earnings May Just Be The Starting PointChorus Aviation Inc.'s ( TSE:CHR ) strong earnings report was rewarded with a positive stock price move. Our analysis...Major Estimate Revision • May 13Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$1.60b to CA$1.65b. EPS estimate fell from CA$0.345 to CA$0.285 per share. Net income forecast to grow 21% next year vs 24% growth forecast for Airlines industry in Canada. Consensus price target down from CA$3.08 to CA$3.02. Share price was steady at CA$2.22 over the past week.Reported Earnings • May 07First quarter 2024 earnings: Revenues exceed analyst expectationsFirst quarter 2024 results: Revenue: CA$426.2m (up 2.6% from 1Q 2023). Net loss: CA$29.0k (down 100% from profit in 1Q 2023). Profit margin: 0% (down from 5.5% in 1Q 2023). Revenue exceeded analyst estimates by 6.9%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Apr 06+ 1 more updateChorus Aviation Inc., Annual General Meeting, Jun 26, 2024Chorus Aviation Inc., Annual General Meeting, Jun 26, 2024.お知らせ • Apr 05+ 2 more updatesChorus Aviation Inc. to Report Q3, 2024 Results on Nov 06, 2024Chorus Aviation Inc. announced that they will report Q3, 2024 results on Nov 06, 2024Major Estimate Revision • Feb 29Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.389 to CA$0.345 per share. Revenue forecast steady at CA$1.59b. Net income forecast to shrink 15% next year vs 21% growth forecast for Airlines industry in Canada . Consensus price target down from CA$3.67 to CA$3.21. Share price fell 9.9% to CA$2.18 over the past week.Price Target Changed • Feb 27Price target decreased by 10% to CA$3.29Down from CA$3.67, the current price target is an average from 9 analysts. New target price is 58% above last closing price of CA$2.09. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.21 for next year compared to CA$0.34 last year.分析記事 • Feb 25Analyst Estimates: Here's What Brokers Think Of Chorus Aviation Inc. (TSE:CHR) After Its Yearly ReportLast week, you might have seen that Chorus Aviation Inc. ( TSE:CHR ) released its full-year result to the market. The...New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: CA$0.34 (vs CA$0.13 in FY 2022)Full year 2023 results: EPS: CA$0.34 (up from CA$0.13 in FY 2022). Revenue: CA$1.68b (up 5.3% from FY 2022). Net income: CA$65.9m (up 154% from FY 2022). Profit margin: 3.9% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CA$1.63b to CA$1.67b. EPS estimate fell from CA$0.491 to CA$0.415 per share. Net income forecast to grow 17% next year vs 23% growth forecast for Airlines industry in Canada. Consensus price target down from CA$3.98 to CA$3.73. Share price rose 4.0% to CA$2.32 over the past week.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.04 (vs CA$0.064 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.04 (down from CA$0.064 in 3Q 2022). Revenue: CA$447.6m (up 6.2% from 3Q 2022). Net income: CA$7.80m (down 40% from 3Q 2022). Profit margin: 1.7% (down from 3.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.7%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Nov 10Chorus Aviation Inc. Provides Unaudited Consolidated Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided unaudited consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects revenue to be between CAD 1,500,000,000 to CAD 1,700,000,000.Price Target Changed • Aug 08Price target decreased by 7.5% to CA$4.04Down from CA$4.37, the current price target is an average from 9 analysts. New target price is 45% above last closing price of CA$2.79. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of CA$0.49 for next year compared to CA$0.13 last year.New Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (9.7% increase in shares outstanding).Reported Earnings • Aug 04Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CA$0.05 (up from CA$0.24 loss in 2Q 2022). Revenue: CA$396.8m (up 1.1% from 2Q 2022). Net income: CA$19.0m (up CA$65.3m from 2Q 2022). Profit margin: 4.8% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 58%. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Recent Insider Transactions • May 15Independent Director recently bought CA$99k worth of stockOn the 11th of May, David Levenson bought around 33k shares on-market at roughly CA$3.01 per share. This transaction increased David's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$265k more in shares than they have sold in the last 12 months.Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: CA$0.11 (down from CA$0.13 in 1Q 2022). Revenue: CA$415.3m (up 21% from 1Q 2022). Net income: CA$22.7m (down 1.1% from 1Q 2022). Profit margin: 5.5% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.お知らせ • May 09Chorus Aviation Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided earnings guidance for the year ending December 31, 2023. Revenue is expected to be between CAD 1,500,000,000 to CAD 1,700,000,000.Recent Insider Transactions • Apr 05Independent Director recently bought CA$96k worth of stockOn the 31st of March, David Levenson bought around 30k shares on-market at roughly CA$3.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$194k more in shares than they have sold in the last 12 months.Recent Insider Transactions Derivative • Feb 27President exercised options to buy CA$139k worth of stock.On the 21st of February, Joseph Randell exercised options to buy 44k shares at a strike price of around CA$3.28, costing a total of CA$146k. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since March 2022, Joseph has owned 1.29m shares directly. Company insiders have collectively bought CA$819k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Feb 17Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CA$0.13 (up from CA$0.12 loss in FY 2021). Revenue: CA$1.60b (up 56% from FY 2021). Net income: CA$26.0m (up CA$46.5m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). Total aircraft: 340 (up by 131 from FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Airlines industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Feb 17Chorus Aviation Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects revenue to be in the range of CAD 1,500,000,000 to CAD 1,700,000,000.分析記事 • Jan 10Does Chorus Aviation (TSE:CHR) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director David Levenson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: CA$0.06 (up from CA$0.079 loss in 3Q 2021). Revenue: CA$421.3m (up 54% from 3Q 2021). Net income: CA$13.1m (up CA$27.1m from 3Q 2021). Profit margin: 3.1% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Airlines industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • Nov 10Chorus Aviation Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022Chorus Aviation Inc. provided consolidated earnings guidance for the year ending December 31, 2022. For the period, the company expects revenue to be in the range of $1,500,000 and $1,730,000.分析記事 • Sep 29Does Chorus Aviation (TSE:CHR) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Sep 15+ 1 more updateChorus Aviation Inc. Announces President SuccessionThe Board of Directors of Chorus Aviation Inc. announced that Joseph (Joe) Randell plans to retire as President in the first quarter of 2023, following the Company's reporting of its 2022 year-end results. His retirement will follow a 37-year leadership career in regional aviation. Upon Mr. Randell's retirement, Colin Copp, currently the Chief Operating Officer, Chorus and President, Chorus Aviation Services, will be appointed President of Chorus. Mr. Copp has been the Chief Operating Officer of Chorus and President of Chorus Aviation Services, including Jazz Aviation and Voyageur Aviation, since March 2019. Previously, he was the President of Jazz Aviation. He has been with the Company and its predecessors for over 30 years, with leadership experience in key roles across operations, administration, and labour relations. Colin holds a Masters' Degree in Business Administration, is a Certified Negotiator and Chartered Mediator and holds a designation from the Institute of Corporate Directors (ICD.D). He is currently a Board member of the Air Transport Association of Canada and the Aerospace Industries Association of Canada. Mr. Randell's regional aviation career spans four decades. He was the founding President of Air Nova, having started the Atlantic Canada-based airline in 1986 with two aircraft serving five destinations. He will retire having built a global company with approximately 5,000 employees, which includes the largest regional airline in Canada, a market leading aircraft asset management company and the world's largest aircraft lessor solely focused on the regional segment. Mr. Randell has provided stable leadership and successfully executed a long-term vision for Chorus through the most challenging periods for the aviation industry. In 2020, he was inducted into the Canadian Aviation Hall of Fame in recognition of his significant contribution in advancing Canadian aviation.決済の安定と成長配当データの取得安定した配当: CHRの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: CHRの配当金支払額は過去10年間減少しています。配当利回り対市場Chorus Aviation 配当利回り対市場CHR 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (CHR)1.3%市場下位25% (CA)1.7%市場トップ25% (CA)5.5%業界平均 (Airlines)1.4%アナリスト予想 (CHR) (最長3年)2.7%注目すべき配当: CHRの配当金 ( 1.33% ) はCanadian市場の配当金支払者の下位 25% ( 1.67% ) と比べると目立ったものではありません。高配当: CHRの配当金 ( 1.33% ) はCanadian市場の配当金支払者の上位 25% ( 5.47% ) と比較すると低いです。株主への利益配当収益カバレッジ: CHR の配当性向 (13.1%) は低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: CHRは 現金配当性向 ( 7.2% ) が低いため、配当金の支払いはキャッシュフローによって完全にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YCA 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/15 00:56終値2026/07/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Chorus Aviation Inc. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関David OcampoATB Cormark Historical (Cormark Securities)George TrapkovBeacon Securities LimitedFadi ChamounBMO Capital Markets Equity Research11 その他のアナリストを表示
Upcoming Dividend • Jun 08Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.5%).
お知らせ • May 10Chorus Aviation Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2026Chorus Aviation Inc. announced the declaration of a cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on June 30, 2026 to Shareholders of record at the close of business on June 15, 2026.
Upcoming Dividend • Mar 06Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (1.7%).
お知らせ • Feb 13Chorus Aviation Inc. Announces Declaration of Quarterly Cash Dividend, Payable on March 31, 2026Chorus Aviation Inc. announced the declaration of quarterly cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on March 31, 2026 to Shareholders of record at the close of business on March 13, 2026. This declared dividend represents a 38% increase from the prior quarterly dividend.
Upcoming Dividend • Dec 05Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company last paid an ordinary dividend in December 2014. The average dividend yield among industry peers is 2.7%.
お知らせ • Nov 07Chorus Aviation Inc. Announces Quarterly Dividend, Payable on December 29, 2025Chorus Aviation Inc. announced the declaration of a cash dividend of CAD 0.08 per Class A Variable Voting Share and Class B Voting Share payable on December 29, 2025 to shareholders of record at the close of business on December 12, 2025.
ナラティブ更新 • Jun 23CHR: Higher Long Term P/E Assumptions Will Support Future Upside PotentialThe analyst price target for Chorus Aviation has been raised by CA$1, as reflected in recent updates from analysts who have cited revised assumptions in their models. Analyst Commentary Recent research on Chorus Aviation highlights a mix of optimism and caution, even as the company’s analyst price target has been adjusted higher.
Upcoming Dividend • Jun 08Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.5%).
ナラティブ更新 • Jun 07CHR: Higher Long Term P/E Assumptions Will Support Future Upside PotentialAnalysts have slightly increased their price targets on Chorus Aviation by CA$1, reflecting updated assumptions around discount rates and long term P/E expectations, while keeping fair value estimates broadly steady. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$1 upward adjustment in price targets as consistent with updated discount rate work and long term P/E assumptions, rather than a wholesale shift in the investment case.
ナラティブ更新 • May 24CHR: Lower Discount Rate And Higher P/E Multiple Will Support UpsideAnalysts have raised their average price target on Chorus Aviation by CA$2.01 to CA$30.86, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts increasing their price targets see room for the stock to better reflect updated assumptions on discount rates and future P/E multiples.
Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: CA$0.30 (down from CA$0.70 in 1Q 2025). Revenue: CA$325.4m (down 6.5% from 1Q 2025). Net income: CA$7.00m (down 63% from 1Q 2025). Profit margin: 2.2% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • May 10Chorus Aviation Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2026Chorus Aviation Inc. announced the declaration of a cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on June 30, 2026 to Shareholders of record at the close of business on June 15, 2026.
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. President, CEO & Director Colin Copp was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Mar 12Independent Chairman recently bought CA$112k worth of stockOn the 9th of March, Paul Rivett bought around 5k shares on-market at roughly CA$22.47 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months.
Upcoming Dividend • Mar 06Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 13 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (1.7%).
お知らせ • Feb 25+ 3 more updatesChorus Aviation Inc. to Report Q3, 2026 Results on Nov 09, 2026Chorus Aviation Inc. announced that they will report Q3, 2026 results on Nov 09, 2026
お知らせ • Feb 24Chorus Aviation Inc., Annual General Meeting, May 08, 2026Chorus Aviation Inc., Annual General Meeting, May 08, 2026.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$24.76, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Airlines industry in North America. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$41.48 per share.
Reported Earnings • Feb 15Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: CA$3.05 (up from CA$4.56 loss in FY 2024). Revenue: CA$1.32b (down 6.3% from FY 2024). Net income: CA$78.7m (up CA$203.8m from FY 2024). Profit margin: 6.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
New Risk • Feb 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 31% per year for the foreseeable future.
お知らせ • Feb 13Chorus Aviation Inc. Announces Declaration of Quarterly Cash Dividend, Payable on March 31, 2026Chorus Aviation Inc. announced the declaration of quarterly cash dividend of $0.11 per Class A Variable Voting Share and Class B Voting Share payable on March 31, 2026 to Shareholders of record at the close of business on March 13, 2026. This declared dividend represents a 38% increase from the prior quarterly dividend.
Upcoming Dividend • Dec 05Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 12 December 2025. Payment date: 29 December 2025. The company last paid an ordinary dividend in December 2014. The average dividend yield among industry peers is 2.7%.
Reported Earnings • Nov 09Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CA$0.42 (down from CA$0.78 in 3Q 2024). Revenue: CA$323.6m (down 5.4% from 3Q 2024). Net income: CA$10.7m (down 50% from 3Q 2024). Profit margin: 3.3% (down from 6.2% in 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 08Chorus Aviation Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2025 and for Fiscal Year 2026Chorus Aviation Inc. provided earnings guidance for the full year ending December 31, 2025 and for fiscal year 2026. For the 2025, the company expects revenue to be $123,000,000. For the 2026, the company expects revenue to be $104,000,000.
New Risk • Nov 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 31% per year for the foreseeable future.
お知らせ • Nov 07Chorus Aviation Inc. Announces Quarterly Dividend, Payable on December 29, 2025Chorus Aviation Inc. announced the declaration of a cash dividend of CAD 0.08 per Class A Variable Voting Share and Class B Voting Share payable on December 29, 2025 to shareholders of record at the close of business on December 12, 2025.
分析記事 • Sep 23Should You Investigate Chorus Aviation Inc. (TSE:CHR) At CA$22.30?While Chorus Aviation Inc. ( TSE:CHR ) might not have the largest market cap around , it saw a decent share price...
お知らせ • Sep 22Chorus Aviation Inc. (TSX:CHR) announces an Equity Buyback for CAD 50 million worth of its shares.Chorus Aviation Inc. (TSX:CHR) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 50 million of its Class A Variable Voting Shares and Class B Voting Shares. The shares will be repurchased at a cash purchase price of not less than CAD 23 and not more than CAD 25 per Share. If Shares with an aggregate purchase price of more than CAD 25 million are properly tendered and not properly withdrawn, the company will purchase the Shares on a pro rata basis except that "odd lot" tenders. The purpose of the offer is use of the company's financial resources given its available cash resources and to truly reflect the value in share prices. The offer is valid till November 10, 2025.
分析記事 • Aug 08Results: Chorus Aviation Inc. Exceeded Expectations And The Consensus Has Updated Its EstimatesTSX:CHR 1 Year Share Price vs Fair Value Explore Chorus Aviation's Fair Values from the Community and select yours Last...
Reported Earnings • Aug 06Second quarter 2025 earnings releasedSecond quarter 2025 results: Net income: (down CA$571.0k from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings are forecast to decline by an average of 24% per year for the foreseeable future.
Upcoming Dividend • Jul 24Upcoming dividend of CA$0.08 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 2.6%.
分析記事 • Jul 03Chorus Aviation Inc. (TSE:CHR) Shares Could Be 48% Below Their Intrinsic Value EstimateKey Insights The projected fair value for Chorus Aviation is CA$43.18 based on 2 Stage Free Cash Flow to Equity Current...
お知らせ • Jun 26+ 1 more updateChorus Aviation Inc. Intends to Declare Future Quarterly Cash DividendsChorus Aviation Inc. intends to declare future quarterly cash dividends in the amount of $0.08 per Share concurrent with the announcement of its quarterly earnings reports, starting with the 2025 third quarter earnings release currently scheduled to occur on November 6, 2025.
分析記事 • May 09Results: Chorus Aviation Inc. Beat Earnings Expectations And Analysts Now Have New ForecastsIt's been a good week for Chorus Aviation Inc. ( TSE:CHR ) shareholders, because the company has just released its...
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: CA$0.71 (up from CA$0.25 loss in 1Q 2024). Revenue: CA$348.1m (down 2.9% from 1Q 2024). Net income: CA$18.9m (up CA$25.9m from 1Q 2024). Profit margin: 5.4% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to stay flat during the next 3 years compared to a 7.6% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.0% to CA$18.22. The fair value is estimated to be CA$23.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Apr 08+ 3 more updatesChorus Aviation Inc. to Report Q1, 2025 Results on May 06, 2025Chorus Aviation Inc. announced that they will report Q1, 2025 results on May 06, 2025
お知らせ • Apr 07Chorus Aviation Inc. (TSX:CHR) announces an Equity Buyback for CAD 25 million worth of its shares.Chorus Aviation Inc. (TSX:CHR) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 25 million of its Class A Variable Voting Shares and Class B Voting Shares. The shares will be repurchased at a cash purchase price of not less than CAD 17.50 and not more than CAD 21 per Share. If Shares with an aggregate purchase price of more than CAD 25 million are properly tendered and not properly withdrawn, the company will purchase the Shares on a pro rata basis except that "odd lot" tenders. The purpose of the offer is use of the company's financial resources given its available cash resources and to truly reflect the value in share prices. The offer is valid till May 20, 2025.
Buy Or Sell Opportunity • Apr 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to CA$18.70. The fair value is estimated to be CA$23.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making.
Recent Insider Transactions • Mar 02President recently bought CA$100k worth of stockOn the 27th of February, Colin Copp bought around 5k shares on-market at roughly CA$20.12 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Colin's only on-market trade for the last 12 months.
お知らせ • Feb 26Chorus Aviation Inc., Annual General Meeting, May 07, 2025Chorus Aviation Inc., Annual General Meeting, May 07, 2025.
Reported Earnings • Feb 20Full year 2024 earnings released: CA$4.49 loss per share (vs CA$2.36 profit in FY 2023)Full year 2024 results: CA$4.49 loss per share (down from CA$2.36 profit in FY 2023). Revenue: CA$1.40b (down 16% from FY 2023). Net loss: CA$17.8m (down 127% from profit in FY 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Airlines industry in North America. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
新しいナラティブ • Feb 11Sale Of RAL Segment Will Reduce Debt By $17 Billion And Improve Financial Flexibility Sale of Regional Aircraft Leasing improves financial flexibility and profitability by reducing debt levels and servicing costs.
Recent Insider Transactions Derivative • Dec 10President exercised options to buy CA$853k worth of stock.On the 6th of December, Colin Copp exercised options to buy 257k shares at a strike price of around CA$3.36, costing a total of CA$864k. This transaction amounted to 220% of their direct individual holding at the time of the trade. Since March 2024, Colin has owned 116.99k shares directly. Company insiders have collectively bought CA$4.0m more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • Dec 08HPS Investment Partners, LLC completed the acquisition of Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR).HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) for approximately CAD 1.9 billion on July 30, 2024. The aggregate consideration for the Transaction is approximately CAD 1.9 billion, of which CAD 814 million is in the form of cash (net of estimated transaction expenses) and CAD 1.086 billion is in the form of aircraft debt to be assumed or prepaid by the buyers at closing and the value of the non-controlling interest. The SPA permits Chorus’ board of directors to consider an unsolicited superior proposal (including a proposal for the acquisition of Chorus) which is received after the date of the SPA and before the approval of the Transaction by shareholders. The buyers will have the right to match a superior proposal for the RAL segment. Chorus has agreed to pay the buyers a break fee of $25 million (CAD 34.598750 million) in the event that the Chorus board withdraws or otherwise changes its recommendation in favour of the Transaction after receiving a superior proposal and subsequently terminates the SPA to accept the superior proposal. Brookfield holds approximately 13.2% of Chorus’ outstanding common shares, and Air Canada holds approximately 8.1% of Chorus’ outstanding common shares. Both shareholders have signed voting support agreements with the buyers pursuant to which they have agreed to vote in favor of the approval of the Transaction and are expected to maintain representation on the Company’s board of directors following completion of the Transaction. The Transaction is subject to the approval of at least two thirds (66 2/3%) of the votes cast by Chorus’ common shareholders, regulatory approvals and other customary conditions to closing. Completion of the Transaction is not conditional on financing. The Chorus board has unanimously determined that the Transaction is in the best interest of Chorus and will unanimously recommend that shareholders vote in favour of the transaction. Brookfield and Air Canada, the Company’s largest shareholders, have both signed agreements to vote in favor of the Transaction at the Meeting. Chorus Aviation Inc. shareholders will hold special meeting on September 25, 2024 to approve the transaction. The transaction is subject to Antitrust clearances. On September 25, 2024, Chorus Aviation announced shareholder approval, expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of approval from Ireland’s Competition and Consumer Protection Commission. On October 24, 2024, all regulatory conditions for the sale of Chorus Aviation Capital Corp. have been satisfied. The Transaction is expected to close by the end of this year. The proceeds from the Transaction are expected to be used to pay down or redeem the Company’s corporate financings, including the Series 1 Preferred Shares and all of the Debentures, as well as pay all related transaction expenses and early redemption amounts (including the multiple on invested capital payable upon the redemption of the Series 1 Preferred Shares). Following the closing of the Transaction, Chorus will exercise its rights to redeem or make an offer to redeem (as applicable) the Debentures in accordance with the terms of the relevant indentures. Goldman Sachs International provided an opinion to the Chorus board and also acted as lead financial advisor to the Company. Scotiabank also acted as financial advisor to the Company. Chorus is advised by James Cameron, Jordan Simpson, Siddharth Sharma and Andrew Reilly of Milbank LLP as lead transaction counsel and Alex Gorka, Michelle Lally and Kaeleigh Kuzma of Osler, Hoskin & Harcourt LLP as Canadian corporate counsel. Slaughter and May acted as legal advisor to HPS Investment. Alexandra J. McCormack and Paul T. Schnell of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to The Goldman Sachs Group, Inc. in the transaction. Kingsdale Advisors LP acted as proxy solicitor of Chorus Aviation Inc. HPS Investment Partners, LLC completed the acquisition of Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) on December 6, 2024.
お知らせ • Dec 06Chorus Aviation Inc. Announces Management ChangesChorus Aviation Inc. announced the planned retirement of Jolene Mahody, Executive Vice President and Chief Strategy Officer, effective January 2025 after a 32-year career with Chorus and its predecessor companies. Randolph deGooyer has been appointed to the role of Chief Operating Officer of Chorus, effective January 1, 2025. Randolph is currently the President of Chorus' largest subsidiary, Jazz Aviation, and brings significant operational and industry experience to his new role. Doug Clarke, currently Jazz's Vice President of Finance and Business Services, will replace Randolph as President of Jazz. With the disposition of the RAL segment, Chorus is reducing corporate overhead cost in many areas, including reducing its Board of Directors by 50%. As a result, Chorus directors Gail Hamilton, R Stephen Hannahs, Alan Jenkins and David Levenson are stepping down from the board effective January 1, 2025, and Karen Cramm will stay on until the next annual general meeting.
分析記事 • Nov 14We Think You Can Look Beyond Chorus Aviation's (TSE:CHR) Lackluster EarningsSoft earnings didn't appear to concern Chorus Aviation Inc.'s ( TSE:CHR ) shareholders over the last week. Our analysis...
Major Estimate Revision • Nov 13Consensus EPS estimates upgraded to CA$0.80 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$1.46b to CA$1.43b. 2024 losses expected to reduce from -CA$0.92 to -CA$0.80 per share. Airlines industry in Canada expected to see average net income growth of 32% next year. Consensus price target up from CA$3.34 to CA$3.58. Share price rose 5.7% to CA$3.36 over the past week.
New Risk • Nov 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).
Price Target Changed • Nov 08Price target increased by 10% to CA$3.58Up from CA$3.25, the current price target is an average from 9 analysts. New target price is 13% above last closing price of CA$3.16. Stock is up 41% over the past year. The company is forecast to post a net loss per share of CA$0.92 compared to earnings per share of CA$0.34 last year.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$0.10 (up from CA$0.04 in 3Q 2023). Revenue: CA$342.0m (down 24% from 3Q 2023). Net income: CA$21.2m (up 171% from 3Q 2023). Profit margin: 6.2% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 6.9%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Oct 04Independent Chairman recently bought CA$352k worth of stockOn the 30th of September, Paul Rivett bought around 125k shares on-market at roughly CA$2.81 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$377k. This was Paul's only on-market trade for the last 12 months.
Recent Insider Transactions • Aug 28Independent Director recently bought CA$377k worth of stockOn the 23rd of August, David Levenson bought around 145k shares on-market at roughly CA$2.61 per share. This transaction increased David's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Major Estimate Revision • Aug 21Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$1.50b to CA$1.46b. Now expected to report a loss of CA$0.41 per share instead of CA$0.237 per share profit previously forecast. Airlines industry in Canada expected to see average net income growth of 32% next year. Consensus price target broadly unchanged at CA$3.25. Share price rose 2.8% to CA$2.59 over the past week.
分析記事 • Aug 17Revenue Beat: Chorus Aviation Inc. Exceeded Revenue Forecasts By 5.3% And Analysts Are Updating Their EstimatesIt's been a good week for Chorus Aviation Inc. ( TSE:CHR ) shareholders, because the company has just released its...
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.003 (down from CA$0.053 in 2Q 2023). Revenue: CA$351.2m (down 12% from 2Q 2023). Net income: CA$571.0k (down 94% from 2Q 2023). Profit margin: 0.2% (down from 2.6% in 2Q 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates. Revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Aug 06Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.284 to CA$0.226 per share. Revenue forecast steady at CA$1.64b. Net income forecast to shrink 22% next year vs 20% growth forecast for Airlines industry in Canada . Consensus price target up from CA$3.02 to CA$3.31. Share price fell 8.4% to CA$2.51 over the past week.
New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 94% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings are forecast to decline by an average of 94% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Price Target Changed • Aug 01Price target increased by 8.1% to CA$3.26Up from CA$3.02, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CA$2.85. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of CA$0.26 for next year compared to CA$0.34 last year.
お知らせ • Jul 30HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) for approximately CAD 1.9 billion.HPS Investment Partners, LLC entered into an agreement to acquire Chorus Aviation Capital Corp. from Chorus Aviation Inc. (TSX:CHR) ("Chorus" or the "Company") for approximately CAD 1.9 billion on July 30, 2024. The aggregate consideration for the Transaction is approximately CAD 1.9 billion, of which CAD 814 million is in the form of cash (net of estimated transaction expenses) and CAD 1.086 billion is in the form of aircraft debt to be assumed or prepaid by the buyers at closing and the value of the non-controlling interest. The SPA permits Chorus’ board of directors to consider an unsolicited superior proposal (including a proposal for the acquisition of Chorus) which is received after the date of the SPA and before the approval of the Transaction by shareholders. The buyers will have the right to match a superior proposal for the RAL segment. Chorus has agreed to pay the buyers a break fee of $25 million (CAD 34.598750 million) in the event that the Chorus board withdraws or otherwise changes its recommendation in favour of the Transaction after receiving a superior proposal and subsequently terminates the SPA to accept the superior proposal. Brookfield holds approximately 13.2% of Chorus’ outstanding common shares, and Air Canada holds approximately 8.1% of Chorus’ outstanding common shares. Both shareholders have signed voting support agreements with the buyers pursuant to which they have agreed to vote in favour of the approval of the Transaction and are expected to maintain representation on the Company’s board of directors following completion of the Transaction. The Transaction is subject to the approval of at least two thirds (66 2/3%) of the votes cast by Chorus’ common shareholders, regulatory approvals and other customary conditions to closing. Completion of the Transaction is not conditional on financing. The Chorus board has unanimously determined that the Transaction is in the best interest of Chorus and will unanimously recommend that shareholders vote in favour of the Transaction. Brookfield and Air Canada, the Company’s largest shareholders, have both signed agreements to vote in favour of the Transaction at the Meeting. The Transaction is expected to close by the end of this year. The proceeds from the Transaction are expected to be used to pay down or redeem the Company’s corporate financings, including the Series 1 Preferred Shares and all of the Debentures, as well as pay all related transaction expenses and early redemption amounts (including the multiple on invested capital payable upon the redemption of the Series 1 Preferred Shares). Following the closing of the Transaction, Chorus will exercise its rights to redeem or make an offer to redeem (as applicable) the Debentures in accordance with the terms of the relevant indentures. Goldman Sachs International provided an opinion to the Chorus board and also acted as lead financial advisor to the Company. Scotiabank also acted as financial advisor to the Company. Chorus is advised by Milbank LLP as lead transaction counsel and Osler, Hoskin & Harcourt LLP as Canadian corporate counsel.
分析記事 • Jul 24A Piece Of The Puzzle Missing From Chorus Aviation Inc.'s (TSE:CHR) 28% Share Price ClimbChorus Aviation Inc. ( TSE:CHR ) shares have continued their recent momentum with a 28% gain in the last month alone...
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$2.81, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Airlines industry in North America. Total loss to shareholders of 37% over the past three years.
分析記事 • May 13Chorus Aviation's (TSE:CHR) Earnings May Just Be The Starting PointChorus Aviation Inc.'s ( TSE:CHR ) strong earnings report was rewarded with a positive stock price move. Our analysis...
Major Estimate Revision • May 13Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$1.60b to CA$1.65b. EPS estimate fell from CA$0.345 to CA$0.285 per share. Net income forecast to grow 21% next year vs 24% growth forecast for Airlines industry in Canada. Consensus price target down from CA$3.08 to CA$3.02. Share price was steady at CA$2.22 over the past week.
Reported Earnings • May 07First quarter 2024 earnings: Revenues exceed analyst expectationsFirst quarter 2024 results: Revenue: CA$426.2m (up 2.6% from 1Q 2023). Net loss: CA$29.0k (down 100% from profit in 1Q 2023). Profit margin: 0% (down from 5.5% in 1Q 2023). Revenue exceeded analyst estimates by 6.9%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Apr 06+ 1 more updateChorus Aviation Inc., Annual General Meeting, Jun 26, 2024Chorus Aviation Inc., Annual General Meeting, Jun 26, 2024.
お知らせ • Apr 05+ 2 more updatesChorus Aviation Inc. to Report Q3, 2024 Results on Nov 06, 2024Chorus Aviation Inc. announced that they will report Q3, 2024 results on Nov 06, 2024
Major Estimate Revision • Feb 29Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.389 to CA$0.345 per share. Revenue forecast steady at CA$1.59b. Net income forecast to shrink 15% next year vs 21% growth forecast for Airlines industry in Canada . Consensus price target down from CA$3.67 to CA$3.21. Share price fell 9.9% to CA$2.18 over the past week.
Price Target Changed • Feb 27Price target decreased by 10% to CA$3.29Down from CA$3.67, the current price target is an average from 9 analysts. New target price is 58% above last closing price of CA$2.09. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.21 for next year compared to CA$0.34 last year.
分析記事 • Feb 25Analyst Estimates: Here's What Brokers Think Of Chorus Aviation Inc. (TSE:CHR) After Its Yearly ReportLast week, you might have seen that Chorus Aviation Inc. ( TSE:CHR ) released its full-year result to the market. The...
New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: CA$0.34 (vs CA$0.13 in FY 2022)Full year 2023 results: EPS: CA$0.34 (up from CA$0.13 in FY 2022). Revenue: CA$1.68b (up 5.3% from FY 2022). Net income: CA$65.9m (up 154% from FY 2022). Profit margin: 3.9% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 16%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CA$1.63b to CA$1.67b. EPS estimate fell from CA$0.491 to CA$0.415 per share. Net income forecast to grow 17% next year vs 23% growth forecast for Airlines industry in Canada. Consensus price target down from CA$3.98 to CA$3.73. Share price rose 4.0% to CA$2.32 over the past week.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.04 (vs CA$0.064 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.04 (down from CA$0.064 in 3Q 2022). Revenue: CA$447.6m (up 6.2% from 3Q 2022). Net income: CA$7.80m (down 40% from 3Q 2022). Profit margin: 1.7% (down from 3.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.7%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Nov 10Chorus Aviation Inc. Provides Unaudited Consolidated Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided unaudited consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects revenue to be between CAD 1,500,000,000 to CAD 1,700,000,000.
Price Target Changed • Aug 08Price target decreased by 7.5% to CA$4.04Down from CA$4.37, the current price target is an average from 9 analysts. New target price is 45% above last closing price of CA$2.79. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of CA$0.49 for next year compared to CA$0.13 last year.
New Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (9.7% increase in shares outstanding).
Reported Earnings • Aug 04Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CA$0.05 (up from CA$0.24 loss in 2Q 2022). Revenue: CA$396.8m (up 1.1% from 2Q 2022). Net income: CA$19.0m (up CA$65.3m from 2Q 2022). Profit margin: 4.8% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 58%. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Recent Insider Transactions • May 15Independent Director recently bought CA$99k worth of stockOn the 11th of May, David Levenson bought around 33k shares on-market at roughly CA$3.01 per share. This transaction increased David's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$265k more in shares than they have sold in the last 12 months.
Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: CA$0.11 (down from CA$0.13 in 1Q 2022). Revenue: CA$415.3m (up 21% from 1Q 2022). Net income: CA$22.7m (down 1.1% from 1Q 2022). Profit margin: 5.5% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 8.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
お知らせ • May 09Chorus Aviation Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided earnings guidance for the year ending December 31, 2023. Revenue is expected to be between CAD 1,500,000,000 to CAD 1,700,000,000.
Recent Insider Transactions • Apr 05Independent Director recently bought CA$96k worth of stockOn the 31st of March, David Levenson bought around 30k shares on-market at roughly CA$3.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$194k more in shares than they have sold in the last 12 months.
Recent Insider Transactions Derivative • Feb 27President exercised options to buy CA$139k worth of stock.On the 21st of February, Joseph Randell exercised options to buy 44k shares at a strike price of around CA$3.28, costing a total of CA$146k. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since March 2022, Joseph has owned 1.29m shares directly. Company insiders have collectively bought CA$819k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Feb 17Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CA$0.13 (up from CA$0.12 loss in FY 2021). Revenue: CA$1.60b (up 56% from FY 2021). Net income: CA$26.0m (up CA$46.5m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). Total aircraft: 340 (up by 131 from FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Airlines industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 17Chorus Aviation Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Chorus Aviation Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects revenue to be in the range of CAD 1,500,000,000 to CAD 1,700,000,000.
分析記事 • Jan 10Does Chorus Aviation (TSE:CHR) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director David Levenson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: CA$0.06 (up from CA$0.079 loss in 3Q 2021). Revenue: CA$421.3m (up 54% from 3Q 2021). Net income: CA$13.1m (up CA$27.1m from 3Q 2021). Profit margin: 3.1% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Airlines industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 10Chorus Aviation Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022Chorus Aviation Inc. provided consolidated earnings guidance for the year ending December 31, 2022. For the period, the company expects revenue to be in the range of $1,500,000 and $1,730,000.
分析記事 • Sep 29Does Chorus Aviation (TSE:CHR) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Sep 15+ 1 more updateChorus Aviation Inc. Announces President SuccessionThe Board of Directors of Chorus Aviation Inc. announced that Joseph (Joe) Randell plans to retire as President in the first quarter of 2023, following the Company's reporting of its 2022 year-end results. His retirement will follow a 37-year leadership career in regional aviation. Upon Mr. Randell's retirement, Colin Copp, currently the Chief Operating Officer, Chorus and President, Chorus Aviation Services, will be appointed President of Chorus. Mr. Copp has been the Chief Operating Officer of Chorus and President of Chorus Aviation Services, including Jazz Aviation and Voyageur Aviation, since March 2019. Previously, he was the President of Jazz Aviation. He has been with the Company and its predecessors for over 30 years, with leadership experience in key roles across operations, administration, and labour relations. Colin holds a Masters' Degree in Business Administration, is a Certified Negotiator and Chartered Mediator and holds a designation from the Institute of Corporate Directors (ICD.D). He is currently a Board member of the Air Transport Association of Canada and the Aerospace Industries Association of Canada. Mr. Randell's regional aviation career spans four decades. He was the founding President of Air Nova, having started the Atlantic Canada-based airline in 1986 with two aircraft serving five destinations. He will retire having built a global company with approximately 5,000 employees, which includes the largest regional airline in Canada, a market leading aircraft asset management company and the world's largest aircraft lessor solely focused on the regional segment. Mr. Randell has provided stable leadership and successfully executed a long-term vision for Chorus through the most challenging periods for the aviation industry. In 2020, he was inducted into the Canadian Aviation Hall of Fame in recognition of his significant contribution in advancing Canadian aviation.
