TSX:CHE.UN

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Chemtrade Logistics Income Fund

Executive Summary

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Chemtrade Logistics Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHE.UN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.5%

CHE.UN

3.9%

CA Chemicals

-1.0%

CA Market


1 Year Return

-55.2%

CHE.UN

-13.4%

CA Chemicals

-4.3%

CA Market

Return vs Industry: CHE.UN underperformed the Canadian Chemicals industry which returned -15.4% over the past year.

Return vs Market: CHE.UN underperformed the Canadian Market which returned -4.2% over the past year.


Shareholder returns

CHE.UNIndustryMarket
7 Day-1.5%3.9%-1.0%
30 Day-7.0%4.5%1.3%
90 Day-11.2%23.3%1.9%
1 Year-49.6%-55.2%-9.1%-13.4%-0.9%-4.3%
3 Year-67.3%-76.0%-30.6%-38.2%6.4%-4.0%
5 Year-61.6%-75.2%-13.7%-28.8%33.3%12.8%

Price Volatility Vs. Market

How volatile is Chemtrade Logistics Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chemtrade Logistics Income Fund undervalued compared to its fair value and its price relative to the market?

49.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHE.UN (CA$4.68) is trading below our estimate of fair value (CA$9.32)

Significantly Below Fair Value: CHE.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHE.UN is unprofitable, so we can't compare its PE Ratio to the CA Chemicals industry average.

PE vs Market: CHE.UN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CHE.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CHE.UN is good value based on its PB Ratio (0.6x) compared to the CA Chemicals industry average (2.3x).


Next Steps

Future Growth

How is Chemtrade Logistics Income Fund forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

106.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHE.UN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CHE.UN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CHE.UN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CHE.UN's revenue (3.8% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: CHE.UN's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CHE.UN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Chemtrade Logistics Income Fund performed over the past 5 years?

-40.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHE.UN is currently unprofitable.

Growing Profit Margin: CHE.UN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CHE.UN is unprofitable, and losses have increased over the past 5 years at a rate of 40.4% per year.

Accelerating Growth: Unable to compare CHE.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CHE.UN is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-17.5%).


Return on Equity

High ROE: CHE.UN has a negative Return on Equity (-14.96%), as it is currently unprofitable.


Next Steps

Financial Health

How is Chemtrade Logistics Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: CHE.UN's short term assets (CA$502.6M) exceed its short term liabilities (CA$390.1M).

Long Term Liabilities: CHE.UN's short term assets (CA$502.6M) do not cover its long term liabilities (CA$1.6B).


Debt to Equity History and Analysis

Debt Level: CHE.UN's debt to equity ratio (187.3%) is considered high.

Reducing Debt: CHE.UN's debt to equity ratio has increased from 99.4% to 187.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CHE.UN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CHE.UN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.5% per year.


Next Steps

Dividend

What is Chemtrade Logistics Income Fund current dividend yield, its reliability and sustainability?

12.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHE.UN's dividend (12.82%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: CHE.UN's dividend (12.82%) is in the top 25% of dividend payers in the Canadian market (5.78%)


Stability and Growth of Payments

Stable Dividend: CHE.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: CHE.UN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CHE.UN is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Mark Davis (61 yo)

19.75yrs

Tenure

CA$3,877,015

Compensation

Mr. Mark A. Davis, LL.B., has been the President and Chief Executive Officer of Chemtrade Logistics Inc. since 2001. Mr. Davis has been the President of Chemtrade Logistics Inc. and Chemtrade Logistics Inc ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD2.95M) is above average for companies of similar size in the Canadian market ($USD838.38K).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Davis
President19.75yrsCA$3.88m0.27%
CA$ 1.2m
Rohit Bhardwaj
VP of Finance & CFO14.58yrsCA$1.04m0.11%
CA$ 470.0k
Scott Rook
Chief Operating Officer1.08yrsCA$2.21m0.015%
CA$ 64.0k
Leon Aarts
Group Vice-President of Corporate Development & Strategy2.75yrsCA$1.10m0.099%
CA$ 430.4k
Susan Paré
General Counsel & Corporate Secretary3.92yrsno data0.021%
CA$ 91.7k
Emily Powers
Group Vice President of Human Resources & Responsible Care4.25yrsno data0.0094%
CA$ 41.0k
Nicholas Elliott
Corporate Controller2.42yrsno datano data
Beat Heller
President of BCT Chemtrade Corp.no datano datano data

3.9yrs

Average Tenure

Experienced Management: CHE.UN's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Davis
President19.75yrsCA$3.88m0.27%
CA$ 1.2m
Lucio Di Clemente
Independent Trustee11.25yrsCA$123.75k0.0038%
CA$ 16.5k
Lorie Waisberg
Independent Chairman of Board of Trustees11.75yrsCA$205.63k0.016%
CA$ 70.5k
Douglas Muzyka
Ex-Officio Director2.75yrsCA$150.00k0.027%
CA$ 119.4k
Daniella Dimitrov
Independent Trustee0.42yrno datano data
Katherine Rethy
Independent Trustee5.25yrsCA$150.00k0.0022%
CA$ 9.4k
Emily Moore
Independent Trustee1.25yrsCA$37.50kno data

5.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CHE.UN's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chemtrade Logistics Income Fund's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chemtrade Logistics Income Fund
  • Ticker: CHE.UN
  • Exchange: TSX
  • Founded: 2001
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: CA$435.225m
  • Shares outstanding: 92.60m
  • Website: https://www.chemtradelogistics.com

Number of Employees


Location

  • Chemtrade Logistics Income Fund
  • 155 Gordon Baker Road
  • Suite 300
  • Toronto
  • Ontario
  • M2H 3N5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHE.UNTSX (The Toronto Stock Exchange)YesUnitsCACADJul 2001
CGIF.FOTCPK (Pink Sheets LLC)YesUnitsUSUSDJul 2001

Biography

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products and Performance chemicals (SPPC), Water Solu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:48
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.