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CHE.

Chemtrade Logistics Income FundTSX:CHE.UN Stock Report

Market Cap

CA$845.6m

7D

-0.6%

1Y

53.3%

Updated

26 Nov, 2021

Data

Company Financials +
CHE.UN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends3/6

CHE.UN Stock Overview

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

Chemtrade Logistics Income Fund Competitors

MERCK Kommanditgesellschaft auf Aktien

XTRA:MRK

€94.5b

Saudi Basic Industries

SASE:2010

ر.س358.2b

Glencore

LSE:GLEN

UK£46.2b

Formosa Plastics

TWSE:1301

NT$658.9b

Price History & Performance

Summary of all time highs, changes and price drops for Chemtrade Logistics Income Fund
Historical stock prices
Current Share PriceCA$7.88
52 Week HighCA$8.70
52 Week LowCA$4.83
Beta1.58
1 Month Change-1.99%
3 Month Change14.87%
1 Year Change53.31%
3 Year Change-32.36%
5 Year Change-55.75%
Change since IPO-23.12%

Recent News & Updates

Oct 23
Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Announced A Dividend Of CA$0.05

Chemtrade Logistics Income Fund (TSE:CHE.UN) Has Announced A Dividend Of CA$0.05

The board of Chemtrade Logistics Income Fund ( TSE:CHE.UN ) has announced that it will pay a dividend on the 25th of...

Aug 26
Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.05

Chemtrade Logistics Income Fund (TSE:CHE.UN) Is Due To Pay A Dividend Of CA$0.05

The board of Chemtrade Logistics Income Fund ( TSE:CHE.UN ) has announced that it will pay a dividend on the 27th of...

Shareholder Returns

CHE.UNCA ChemicalsCA Market
7D-0.6%0.6%-1.8%
1Y53.3%33.8%22.1%

Return vs Industry: CHE.UN exceeded the Canadian Chemicals industry which returned 33.8% over the past year.

Return vs Market: CHE.UN exceeded the Canadian Market which returned 22.1% over the past year.

Price Volatility

Is CHE.UN's price volatile compared to industry and market?
CHE.UN volatility
CHE.UN Average Weekly Movement3.6%
Chemicals Industry Average Movement10.1%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.5%

Stable Share Price: CHE.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CHE.UN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20011,474Scott Rookhttps://www.chemtradelogistics.com

Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces, and markets merchant, regenerated, and ultra-pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

Chemtrade Logistics Income Fund Fundamentals Summary

How do Chemtrade Logistics Income Fund's earnings and revenue compare to its market cap?
CHE.UN fundamental statistics
Market CapCA$845.62m
Earnings (TTM)-CA$80.47m
Revenue (TTM)CA$1.33b

0.6x

P/S Ratio

-10.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHE.UN income statement (TTM)
RevenueCA$1.33b
Cost of RevenueCA$1.23b
Gross ProfitCA$104.98m
ExpensesCA$185.45m
Earnings-CA$80.47m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.77
Gross Margin7.87%
Net Profit Margin-6.03%
Debt/Equity Ratio229.2%

How did CHE.UN perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

-74%

Payout Ratio

Does CHE.UN pay a reliable dividends?

See CHE.UN dividend history and benchmarks
When do you need to buy CHE.UN by to receive an upcoming dividend?
Chemtrade Logistics Income Fund dividend dates
Ex Dividend DateNov 29 2021
Dividend Pay DateDec 23 2021
Days until Ex dividend2 days
Days until Dividend pay date26 days

Does CHE.UN pay a reliable dividends?

See CHE.UN dividend history and benchmarks

Valuation

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

13.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHE.UN (CA$7.88) is trading below our estimate of fair value (CA$9.09)

Significantly Below Fair Value: CHE.UN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CHE.UN is unprofitable, so we can't compare its PE Ratio to the Canadian 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 (1.5x) compared to the CA Chemicals industry average (2.7x).


Future Growth

How is Chemtrade Logistics Income Fund forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

55.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHE.UN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: CHE.UN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CHE.UN's is expected to become profitable in the next 3 years.

Revenue vs Market: CHE.UN's revenue (4.2% per year) is forecast to grow slower than the Canadian market (5.6% per year).

High Growth Revenue: CHE.UN's revenue (4.2% 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


Past Performance

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

-38.1%

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 38.1% 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 (98.9%).


Return on Equity

High ROE: CHE.UN has a negative Return on Equity (-14.62%), as it is currently unprofitable.


Financial Health

How is Chemtrade Logistics Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: CHE.UN's short term assets (CA$442.9M) exceed its short term liabilities (CA$297.8M).

Long Term Liabilities: CHE.UN's short term assets (CA$442.9M) do not cover its long term liabilities (CA$1.6B).


Debt to Equity History and Analysis

Debt Level: CHE.UN's net debt to equity ratio (226.1%) is considered high.

Reducing Debt: CHE.UN's debt to equity ratio has increased from 109.6% to 229.2% 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 9.9% per year.


Dividend

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

7.61%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateNov 29 2021Dividend Pay DateDec 23 202124 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CHE.UN's dividend (7.61%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: CHE.UN's dividend (7.61%) is in the top 25% of dividend payers in the Canadian market (4.6%)


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: CHE.UN is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Scott Rook (55 yo)

0.67

Tenure

CA$2,320,880

Compensation

Mr. Scott William Rook has been Chief Operating Officer of Chemtrade Logistics Income Fund since September 16, 2019. He serves as President, Chief Executive Officer and Trustee at Chemtrade Logistics Incom...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD1.81M) is above average for companies of similar size in the Canadian market ($USD1.08M).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CHE.UN's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: CHE.UN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

Chemtrade Logistics Income Fund's 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$845.619m
  • Shares outstanding: 104.01m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:33
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.