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Market Cap

CA$792.3m

Last Updated

2021/05/15 22:47 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

High growth potential and fair value.

Share Price & News

How has Chorus Aviation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHR is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CHR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

CHR

0.5%

CA Airlines

-0.7%

CA Market


1 Year Return

86.6%

CHR

162.9%

CA Airlines

39.3%

CA Market

Return vs Industry: CHR underperformed the Canadian Airlines industry which returned 158.6% over the past year.

Return vs Market: CHR exceeded the Canadian Market which returned 39.2% over the past year.


Shareholder returns

CHRIndustryMarket
7 Day0.4%0.5%-0.7%
30 Day2.1%-2.0%1.0%
90 Day26.7%19.5%6.1%
1 Year86.6%86.6%163.3%162.9%43.8%39.3%
3 Year-34.3%-42.5%4.2%1.8%28.6%16.4%
5 Year-8.5%-29.5%32.8%27.6%58.6%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Chorus Aviation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

17.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CHR (CA$4.46) is trading above our estimate of fair value (CA$1.91)

Significantly Below Fair Value: CHR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CHR is good value based on its PE Ratio (17.4x) compared to the Global Airlines industry average (23.3x).

PE vs Market: CHR is poor value based on its PE Ratio (17.4x) compared to the Canadian market (15x).


Price to Earnings Growth Ratio

PEG Ratio: CHR is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: CHR is good value based on its PB Ratio (1.1x) compared to the XN Airlines industry average (3x).


Future Growth

How is Chorus Aviation forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

81.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHR's forecast earnings growth (81.3% per year) is above the savings rate (1.5%).

Earnings vs Market: CHR's earnings (81.3% per year) are forecast to grow faster than the Canadian market (13.4% per year).

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

Revenue vs Market: CHR's revenue (20.1% per year) is forecast to grow faster than the Canadian market (6.3% per year).

High Growth Revenue: CHR's revenue (20.1% per year) is forecast to grow faster 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?

-12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHR has a large one-off loss of CA$70.2M impacting its March 31 2021 financial results.

Growing Profit Margin: CHR's current net profit margins (2.6%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: CHR's earnings have declined by 12.3% per year over the past 5 years.

Accelerating Growth: CHR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CHR had negative earnings growth (-74.9%) over the past year, making it difficult to compare to the Airlines industry average (-26.2%).


Return on Equity

High ROE: CHR's Return on Equity (3.5%) is considered low.


Financial Health

How is Chorus Aviation's financial position?


Financial Position Analysis

Short Term Liabilities: CHR's short term assets (CA$335.9M) do not cover its short term liabilities (CA$401.0M).

Long Term Liabilities: CHR's short term assets (CA$335.9M) do not cover its long term liabilities (CA$2.2B).


Debt to Equity History and Analysis

Debt Level: CHR's debt to equity ratio (354.8%) is considered high.

Reducing Debt: CHR's debt to equity ratio has reduced from 451.1% to 354.8% over the past 5 years.

Debt Coverage: CHR's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: CHR's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

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

3.14%

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CHR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Joe Randell (66 yo)

20.33yrs

Tenure

CA$3,311,045

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 ($USD2.74M) is above average for companies of similar size in the Canadian market ($USD1.22M).

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 (4.3 years average tenure).


Board Members

Experienced Board: CHR's board of directors are considered experienced (8.1 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 9.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Chorus Aviation Inc.
  • Ticker: CHR
  • Exchange: TSX
  • Founded: 2010
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: CA$792.322m
  • Shares outstanding: 177.65m
  • Website: https://www.chorusaviation.com

Number of Employees


Location

  • Chorus Aviation Inc.
  • 3 Spectacle Lake Drive
  • Suite 100
  • Dartmouth
  • Nova Scotia
  • B3B 1W8
  • Canada

Listings


Biography

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 Regiona...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 22:47
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
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.