Cargojet
Market Cap
CA$1.8b
Last Updated
2020/01/23 00:33 UTC
Data Sources
Company Financials +
Executive Summary
Cargojet Inc. provides time sensitive overnight air cargo services in Canada.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with questionable track record.
Share Price & News
How has Cargojet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CJT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.03%
CJT
-1.6%
CA Logistics
0.8%
CA Market
1 Year Return
50.0%
CJT
9.9%
CA Logistics
10.6%
CA Market
Return vs Industry: CJT exceeded the Canadian Logistics industry which returned 13.5% over the past year.
Return vs Market: CJT exceeded the Canadian Market which returned 10.4% over the past year.
Shareholder returns
| CJT | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.03% | -1.6% | 0.8% |
| 30 Day | 6.7% | 1.0% | 2.1% |
| 90 Day | 19.8% | 2.7% | 6.6% |
| 1 Year | 51.5%50.0% | 12.6%9.9% | 14.1%10.6% |
| 3 Year | 137.0%128.3% | 12.2%4.9% | 17.0%6.4% |
| 5 Year | 364.1%328.1% | 29.3%16.0% | 38.5%18.2% |
Price Volatility Vs. Market
How volatile is Cargojet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Cargojet Inc.'s (TSE:CJT) CEO Paid Enough Relative To Peers?1 week ago | Simply Wall St
The Cargojet (TSE:CJT) Share Price Has Gained 299%, So Why Not Pay It Some Attention?3 weeks ago | Simply Wall St
What You Must Know About Cargojet Inc.'s (TSE:CJT) Beta ValueValuation
Is Cargojet undervalued compared to its fair value and its price relative to the market?
68.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CJT (CA$109.78) is trading above our estimate of fair value (CA$87.28)
Significantly Below Fair Value: CJT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CJT is poor value based on its PE Ratio (66x) compared to the Logistics industry average (20.8x).
PE vs Market: CJT is poor value based on its PE Ratio (66x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: CJT is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: CJT is overvalued based on its PB Ratio (8.8x) compared to the XN Logistics industry average (3x).
Next Steps
Future Growth
How is Cargojet forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
23.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CJT's forecast earnings growth (21.4% per year) is above the savings rate (1.4%).
Earnings vs Market: CJT's earnings (21.4% per year) are forecast to grow faster than the Canadian market (10.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CJT's revenue (8.3% per year) is forecast to grow faster than the Canadian market (5% per year).
High Growth Revenue: CJT's revenue (8.3% 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 CJT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cargojet performed over the past 5 years?
64.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CJT has high quality earnings.
Growing Profit Margin: CJT's current net profit margins (4.7%) are lower than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: CJT has become profitable over the past 5 years, growing earnings by 64.4% per year.
Accelerating Growth: CJT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CJT had negative earnings growth (-10.4%) over the past year, making it difficult to compare to the Logistics industry average (-9.5%).
Return on Equity
High ROE: CJT's Return on Equity (13.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cargojet's financial position?
Financial Position Analysis
Short Term Liabilities: CJT's short term assets (CA$53.5M) do not cover its short term liabilities (CA$91.3M).
Long Term Liabilities: CJT's short term assets (CA$53.5M) do not cover its long term liabilities (CA$790.5M).
Debt to Equity History and Analysis
Debt Level: CJT's debt to equity ratio (301.7%) is considered high.
Reducing Debt: CJT's debt to equity ratio has increased from 110.7% to 301.7% over the past 5 years.
Debt Coverage: CJT's debt is well covered by operating cash flow (26.9%).
Interest Coverage: CJT's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Inventory Level: CJT has a high level of physical assets or inventory.
Debt Coverage by Assets: CJT's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Cargojet's current dividend yield, its reliability and sustainability?
0.83%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CJT's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: CJT's dividend (0.85%) is low compared to the top 25% of dividend payers in the Canadian market (5.48%).
Stability and Growth of Payments
Stable Dividend: CJT is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: CJT is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CJT is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CJT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Cargojet's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average management tenure
CEO
Ajay Virmani (62yo)
0yrs
Tenure
CA$9,413,586
Compensation
Mr. Ajay K. Virmani has served as the President and Chief Executive Officer of Cargojet Airways, Ltd. since its inception, and has been responsible for the general business direction of the Company. Mr. Vi ...
CEO Compensation Analysis
Compensation vs Market: Ajay's total compensation ($USD7.21M) is above average for companies of similar size in the Canadian market ($USD1.63M).
Compensation vs Earnings: Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
5.4yrs
Average Tenure
Experienced Management: CJT's management team is seasoned and experienced (5.4 years average tenure).
Board Age and Tenure
6.3yrs
Average Tenure
62yo
Average Age
Experienced Board: CJT's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: CJT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 2,000 |
| Max Price | CA$104.93 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 3,000 |
| Max Price | CA$100.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 12,000 |
| Max Price | CA$99.14 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 5,700 |
| Max Price | CA$97.54 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 2,900 |
| Max Price | CA$100.10 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 10,000 |
| Max Price | CA$103.27 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 5,000 |
| Max Price | CA$94.41 |
| Entity | Individual |
| Role | Head of Marketing Executive VP of Marketing |
| Shares | 10,000 |
| Max Price | CA$103.23 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 3,380 |
| Max Price | CA$100.79 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 674,000 |
| Max Price | CA$101.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 3,500 |
| Max Price | CA$81.87 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 220 |
| Max Price | CA$78.13 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ajay Virmani (62yo)
Founder
- Compensation: CA$9.41m
Jamie Porteous
Executive VP & Chief Commercial Officer
- Tenure: 5yrs
- Compensation: CA$1.84m
George Sugar
Senior Vice President of Flight Operations
- Tenure: 14yrs
- Compensation: CA$744.06k
Paul Rinaldo
Senior Vice President of Engineering & Maintenance
- Tenure: 5yrs
- Compensation: CA$744.06k
John Kim
VP of Governance
- Tenure: 9.8yrs
- Compensation: CA$873.85k
Carl Turner
VP of Legal & Governance and Corporate Secretary
- Tenure: 5.4yrs
Pauline Dhillon
Executive VP of Marketing
- Compensation: CA$983.33k
Board Members
Jim Crane (65yo)
Independent Chairman of the Board
- Tenure: 1.8yrs
- Compensation: CA$404.19k
Ajay Virmani (62yo)
Founder
- Compensation: CA$9.41m
Paul Godfrey (80yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: CA$249.99k
Arlene Dickinson (62yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: CA$340.20k
John Webster (61yo)
Lead Director
- Compensation: CA$291.99k
Company Information
Cargojet Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cargojet Inc.
- Ticker: CJT
- Exchange: TSX
- Founded: 2005
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: CA$1.797b
- Shares outstanding: 16.01m
- Website: https://www.cargojet.com
Number of Employees
Location
- Cargojet Inc.
- 2281 North Sheridan Way
- Mississauga
- Ontario
- L5K 2S3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CJT | TSX (The Toronto Stock Exchange) | Yes | Common Voting Shares | CA | CAD | Jun 2005 |
| CGJT.F | OTCPK (Pink Sheets LLC) | Yes | Common Voting Shares | US | USD | Jun 2005 |
| CJ8 | DB (Deutsche Boerse AG) | Yes | Common Voting Shares | DE | EUR | Jun 2005 |
| CJ8A | MUN (Boerse Muenchen) | Yes | Common Voting Shares | DE | EUR | Jun 2005 |
| CJT.A | TSX (The Toronto Stock Exchange) | Variable Voting Shares | CA | CAD | Jan 2011 |
Biography
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe. The company also operates scheduled international routes for various cargo customers between the United States and Bermuda; between Canada and Germany; and between Canada, Colombia, and Peru. In addition, it offers specialty charter services for livestock shipments, military equipment movements, emergency relief supplies, and virtually large shipments across North America, Mexico, South America, the Caribbean, and Europe. Further, the company is involved in the ground handling and ground service equipment business. As of December 31, 2018, it operated a fleet of 23 all-cargo aircrafts. Cargojet Inc. was founded in 2005 and is headquartered in Mississauga, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 00:33 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.