Chorus Aviation
Market Cap
CA$357.7m
Last Updated
2020/10/01 00:42 UTC
Data Sources
Company Financials +
Executive Summary
Chorus Aviation Inc., through its subsidiaries, engages in the airline business in Canada and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
CHR
1.2%
CA Airlines
1.1%
CA Market
1 Year Return
-70.6%
CHR
-43.7%
CA Airlines
-5.8%
CA Market
Return vs Industry: CHR underperformed the Canadian Airlines industry which returned -44.3% over the past year.
Return vs Market: CHR underperformed the Canadian Market which returned -5.6% over the past year.
Shareholder returns
| CHR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.2% | 1.1% |
| 30 Day | -15.6% | -2.8% | -2.6% |
| 90 Day | -23.8% | 5.3% | 4.0% |
| 1 Year | -69.5%-70.6% | -43.2%-43.7% | -2.5%-5.8% |
| 3 Year | -69.6%-74.2% | -40.1%-42.3% | 5.7%-4.5% |
| 5 Year | -47.0%-61.2% | -23.8%-28.0% | 32.6%12.3% |
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
1 month ago | Simply Wall St
How Should Investors Feel About Chorus Aviation's (TSE:CHR) CEO Remuneration?2 months ago | Simply Wall St
Our Take On The Returns On Capital At Chorus Aviation (TSE:CHR)2 months ago | Simply Wall St
Should You Use Chorus Aviation's (TSE:CHR) Statutory Earnings To Analyse It?Valuation
Is Chorus Aviation undervalued compared to its fair value and its price relative to the market?
17.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHR (CA$2.21) is trading below our estimate of fair value (CA$2.67)
Significantly Below Fair Value: CHR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CHR is good value based on its PE Ratio (4.9x) compared to the XN Airlines industry average (8.9x).
PE vs Market: CHR is good value based on its PE Ratio (4.9x) compared to the Canadian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CHR is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: CHR is good value based on its PB Ratio (0.6x) compared to the XN Airlines industry average (1x).
Next Steps
Future Growth
How is Chorus Aviation forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
44.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHR's forecast earnings growth (44.4% per year) is above the savings rate (1.7%).
Earnings vs Market: CHR's earnings (44.4% per year) are forecast to grow faster than the Canadian market (22.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CHR's revenue (13% per year) is forecast to grow faster than the Canadian market (5.3% per year).
High Growth Revenue: CHR's revenue (13% 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
Next Steps
Past Performance
How has Chorus Aviation performed over the past 5 years?
8.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHR has a high level of non-cash earnings.
Growing Profit Margin: CHR's current net profit margins (5.9%) are lower than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: CHR's earnings have grown by 8.9% 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 (-38.5%) over the past year, making it difficult to compare to the Airlines industry average (-48.2%).
Return on Equity
High ROE: CHR's Return on Equity (11.8%) is considered low.
Next Steps
Financial Health
How is Chorus Aviation's financial position?
Financial Position Analysis
Short Term Liabilities: CHR's short term assets (CA$357.7M) exceed its short term liabilities (CA$346.4M).
Long Term Liabilities: CHR's short term assets (CA$357.7M) do not cover its long term liabilities (CA$2.2B).
Debt to Equity History and Analysis
Debt Level: CHR's debt to equity ratio (338.3%) is considered high.
Reducing Debt: CHR's debt to equity ratio has increased from 325.2% to 338.3% over the past 5 years.
Debt Coverage: CHR's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: CHR's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Chorus Aviation current dividend yield, its reliability and sustainability?
10.41%
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?
3.7yrs
Average management tenure
CEO
Joe Randell (66 yo)
19.67yrs
Tenure
CA$3,311,045
Compensation
Mr. Joseph D. Randell, also known as Joe, has been the Chief Executive Officer and President of Chorus Aviation Inc. and Jazz Air Holding GP Inc., since January 1, 2001. Mr. Randell's vision of a diversifi ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD2.49M) is above average for companies of similar size in the Canadian market ($USD680.51K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.67yrs | CA$3.31m | 0.79% CA$ 2.8m | |
| Chief Financial Officer | 1.33yrs | CA$636.39k | 0.0059% CA$ 21.0k | |
| COO & President of Chorus Aviation Services | 1.5yrs | CA$1.68m | 0.030% CA$ 108.4k | |
| Senior VP | 4.17yrs | CA$1.48m | 0.017% CA$ 60.1k | |
| Executive VP & Chief Strategy Officer | 1.33yrs | CA$1.45m | 0.14% CA$ 494.5k | |
| President of Chorus Aviation Capital | 3.67yrs | CA$1.32m | 0.080% CA$ 287.9k | |
| Vice President of Investor Relations & Corporate Affairs | 4.92yrs | no data | 0.032% CA$ 114.9k | |
| Vice President of Corporate Human Resources | 4.92yrs | no data | 0.034% CA$ 122.7k | |
| President of Voyageur | 1.5yrs | CA$540.88k | 0.012% CA$ 42.9k | |
| Vice President of Marketing and Sales | no data | no data | 0.00079% CA$ 2.8k | |
| President of Jazz Aviation LP | 1.5yrs | no data | 0.0058% CA$ 20.7k | |
| Chief Operating Officer of Chorus Aviation Capital | 5.08yrs | no data | 0.064% CA$ 229.1k |
3.7yrs
Average Tenure
Experienced Management: CHR's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.67yrs | CA$3.31m | 0.79% CA$ 2.8m | |
| Independent Director | 14.67yrs | CA$257.36k | 0.032% CA$ 113.4k | |
| Independent Director | 5.08yrs | CA$140.36k | no data | |
| Independent Director | 12.33yrs | CA$137.36k | 0.0031% CA$ 11.1k | |
| Independent Director | 12.67yrs | CA$138.36k | 0.0031% CA$ 11.1k | |
| Director | 0.25yr | no data | no data | |
| Independent Chairman | 0.25yr | CA$147.36k | 0.022% CA$ 77.3k | |
| Independent Director | 9.75yrs | CA$150.36k | no data | |
| Independent Director | 2.33yrs | CA$138.36k | no data | |
| Independent Director | 4.58yrs | CA$145.36k | 0.0013% CA$ 4.6k |
7.4yrs
Average Tenure
65yo
Average Age
Experienced Board: CHR's board of directors are considered experienced (7.4 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
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$357.727m
- Shares outstanding: 161.87m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CHR | TSX (The Toronto Stock Exchange) | Yes | Class B Voting Shares | CA | CAD | Jan 2006 |
| CHRR.F | OTCPK (Pink Sheets LLC) | Yes | Class B Voting Shares | US | USD | Jan 2006 |
| 1H0 | DB (Deutsche Boerse AG) | Yes | Class B Voting Shares | DE | EUR | Jan 2006 |
Biography
Chorus Aviation Inc., through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/01 00:42 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.