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CHR

Chorus Aviation TSX:CHR Stock Report

Last Price

CA$3.83

Market Cap

CA$777.7m

7D

-0.3%

1Y

-18.0%

Updated

24 May, 2022

Data

Company Financials +
CHR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health1/6
Dividends0/6

CHR Stock Overview

Chorus Aviation Inc., through its subsidiaries, provides various aviation support services in the United States and Canada.

Chorus Aviation Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Chorus Aviation
Historical stock prices
Current Share PriceCA$3.83
52 Week HighCA$5.22
52 Week LowCA$3.18
Beta2.25
1 Month Change-6.36%
3 Month Change-12.76%
1 Year Change-17.99%
3 Year Change-49.61%
5 Year Change-48.24%
Change since IPO-62.82%

Recent News & Updates

Shareholder Returns

CHRCA AirlinesCA Market
7D-0.3%-2.9%-0.7%
1Y-18.0%-32.1%5.2%

Return vs Industry: CHR exceeded the Canadian Airlines industry which returned -28.4% over the past year.

Return vs Market: CHR underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is CHR's price volatile compared to industry and market?
CHR volatility
CHR Average Weekly Movement5.4%
Airlines Industry Average Movement12.2%
Market Average Movement9.8%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: CHR is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CHR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20104,583Joe Randellhttps://www.chorusaviation.com

Chorus Aviation Inc., through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.

Chorus Aviation Fundamentals Summary

How do Chorus Aviation's earnings and revenue compare to its market cap?
CHR fundamental statistics
Market CapCA$777.68m
Earnings (TTM)CA$40.50m
Revenue (TTM)CA$1.16b

19.2x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHR income statement (TTM)
RevenueCA$1.16b
Cost of RevenueCA$697.14m
Gross ProfitCA$466.03m
Other ExpensesCA$425.53m
EarningsCA$40.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)0.20
Gross Margin40.07%
Net Profit Margin3.48%
Debt/Equity Ratio258.3%

How did CHR perform over the long term?

See historical performance and comparison

Valuation

Is Chorus Aviation undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CHR (CA$3.83) is trading below our estimate of fair value (CA$25.37)

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


Price To Earnings Ratio

PE vs Industry: CHR is poor value based on its Price-To-Earnings Ratio (19.2x) compared to the North American Airlines industry average (19x).

PE vs Market: CHR is poor value based on its Price-To-Earnings Ratio (19.2x) compared to the Canadian market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: CHR is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: CHR is good value based on its Price-To-Book Ratio (1.1x) compared to the XN Airlines industry average (2.1x).


Future Growth

How is Chorus Aviation forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHR's forecast earnings growth (32.7% per year) is above the savings rate (1.6%).

Earnings vs Market: CHR's earnings (32.7% per year) are forecast to grow faster than the Canadian market (7.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CHR's revenue (11.3% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: CHR's revenue (11.3% 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 CHR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Chorus Aviation performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-32.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHR has a large one-off loss of CA$19.2M impacting its March 31 2022 financial results.

Growing Profit Margin: CHR's current net profit margins (3.5%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: CHR's earnings have declined by 32.6% per year over the past 5 years.

Accelerating Growth: CHR's earnings growth over the past year (95.6%) exceeds its 5-year average (-32.6% per year).

Earnings vs Industry: CHR earnings growth over the past year (95.6%) exceeded the Airlines industry 26.9%.


Return on Equity

High ROE: CHR's Return on Equity (5.7%) is considered low.


Financial Health

How is Chorus Aviation's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CHR's short term assets (CA$361.4M) do not cover its short term liabilities (CA$491.9M).

Long Term Liabilities: CHR's short term assets (CA$361.4M) do not cover its long term liabilities (CA$1.9B).


Debt to Equity History and Analysis

Debt Level: CHR's net debt to equity ratio (242.7%) is considered high.

Reducing Debt: CHR's debt to equity ratio has reduced from 644.7% to 258.3% over the past 5 years.

Debt Coverage: CHR's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: CHR's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is Chorus Aviation current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.70%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CHR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CHR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CHR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: CHR is not paying a notable dividend for the Canadian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CHR has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Joe Randell (67 yo)

21.33yrs

Tenure

CA$2,375,094

Compensation

Mr. Joseph D. Randell, also known as Joe, has been the Chief Executive Officer and President of Chorus Aviation Inc. and Jazz Air Holding GP Inc., since January 1, 2001. Mr. Randell's vision of a diversifi...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD1.85M) is about average for companies of similar size in the Canadian market ($USD1.54M).

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


Leadership Team

Experienced Management: CHR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: CHR's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CHR 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 14.3%.


Top Shareholders

Company Information

Chorus Aviation Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Chorus Aviation Inc.
  • Ticker: CHR
  • Exchange: TSX
  • Founded: 2010
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: CA$777.685m
  • Shares outstanding: 203.05m
  • Website: https://www.chorusaviation.com

Number of Employees


Location

  • Chorus Aviation Inc.
  • 3 Spectacle Lake Drive
  • Suite 380
  • Dartmouth
  • Nova Scotia
  • B3B 1W8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.