Cargojet
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Cargojet Inc. provides time sensitive overnight air cargo services in Canada. The last earnings update was 28 days ago. More info.
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CJT Share Price and Events
7 Day Returns
1 Year Returns
CJT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Cargojet (CJT) | -1.6% | -3.7% | 20.8% | 18.9% | 190.4% | 299.2% |
| North America Logistics | 0.8% | -0.6% | 14.5% | -9.5% | 12.5% | 28.2% |
| CA Market | 0.3% | 2% | 13.2% | 0.7% | 16.6% | 5.6% |
1 Year Return vs Industry and Market
- CJT outperformed the Logistics industry which returned -9.5% over the past year.
- CJT outperformed the Market in Canada which returned 0.7% over the past year.
Value
Is Cargojet undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Cargojet
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Cargojet.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.7% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Logistics Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 26.5%) (56.02%)) |
1.3 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.3 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.3 * 5.96%) |
9.7% |
Discounted Cash Flow Calculation for TSX:CJT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Cargojet is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 9.7%) |
|
|---|---|---|---|
| 2019 | 27.40 | Analyst x3 | 24.98 |
| 2020 | 64.10 | Analyst x3 | 53.27 |
| 2021 | 100.39 | Est @ 56.62% | 76.05 |
| 2022 | 140.77 | Est @ 40.22% | 97.21 |
| 2023 | 181.22 | Est @ 28.74% | 114.09 |
| 2024 | 218.74 | Est @ 20.7% | 125.53 |
| 2025 | 251.71 | Est @ 15.07% | 131.68 |
| 2026 | 279.74 | Est @ 11.14% | 133.41 |
| 2027 | 303.18 | Est @ 8.38% | 131.81 |
| 2028 | 322.74 | Est @ 6.45% | 127.90 |
| Present value of next 10 years cash flows | CA$1,015.93 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$322.74 × (1 + 1.95%) ÷ (9.7% – 1.95%) |
CA$4,245.17 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$4,245.17 ÷ (1 + 9.7%)10 |
CA$1,682.40 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$1,015.93 + CA$1,682.40 |
CA$2,698.33 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$2,698.33 / 13.45 |
CA$200.67 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$200.67 |
| Current discount | Discount to share price of
CA$80.24
= -1 x (CA$80.24 - CA$200.67) / CA$200.67 |
60% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Cargojet's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Cargojet's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Cargojet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Cargojet's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$1.51 |
| TSX:CJT Share Price ** | TSX (2019-03-20) in CAD | CA$80.24 |
| North America Logistics Industry PE Ratio | Median Figure of 15 Publicly-Listed Logistics Companies | 19.95x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.78x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Cargojet.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:CJT Share Price ÷ EPS (both in CAD) = 80.24 ÷ 1.51 |
53.27x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cargojet is overvalued based on earnings compared to the North America Logistics industry average.
- Cargojet is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Cargojet's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 53.27x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
28.7%per year |
| North America Logistics Industry PEG Ratio | Median Figure of 13 Publicly-Listed Logistics Companies | 1.63x |
| Canada Market PEG Ratio | Median Figure of 253 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 53.27x ÷ 28.7% |
1.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cargojet is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Cargojet's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$11.72 |
| TSX:CJT Share Price * | TSX (2019-03-20) in CAD | CA$80.24 |
| North America Logistics Industry PB Ratio | Median Figure of 19 Publicly-Listed Logistics Companies | 2.74x |
| Canada Market PB Ratio | Median Figure of 2,349 Publicly-Listed Companies | 1.58x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:CJT Share Price ÷ Book Value per Share (both in CAD) = 80.24 ÷ 11.72 |
6.85x |
* Primary Listing of Cargojet.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cargojet is overvalued based on assets compared to the North America Logistics industry average.
Value checks
We assess Cargojet's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check) Cargojet has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Cargojet expected to perform in the next 1 to 3 years based on estimates from 8 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Cargojet's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Cargojet's earnings growth is expected to exceed the Canada market average.
- Cargojet's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:CJT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 28.7% |
| TSX:CJT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 5.9% |
| North America Logistics Industry Earnings Growth Rate | Market Cap Weighted Average | 11.2% |
| North America Logistics Industry Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 562 | 1 | ||
| 2021-12-31 | 535 | 1 | ||
| 2020-12-31 | 527 | 123 | 36 | 8 |
| 2019-12-31 | 494 | 109 | 23 | 8 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 455 | 91 | 20 |
| 2018-09-30 | 441 | 94 | 25 |
| 2018-06-30 | 416 | 107 | 26 |
| 2018-03-31 | 395 | 78 | 26 |
| 2017-12-31 | 383 | 79 | 24 |
| 2017-09-30 | 359 | 78 | 12 |
| 2017-06-30 | 350 | 61 | 1 |
| 2017-03-31 | 341 | 71 | 1 |
| 2016-12-31 | 331 | 62 | 2 |
| 2016-09-30 | 321 | 52 | 2 |
| 2016-06-30 | 316 | 56 | 5 |
| 2016-03-31 | 312 | 34 | -5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from Cargojet Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 2.05 | 2.05 | 2.05 | 1.00 |
| 2021-12-31 | 1.47 | 1.47 | 1.47 | 1.00 |
| 2020-12-31 | 2.43 | 2.52 | 2.30 | 3.00 |
| 2019-12-31 | 1.71 | 1.78 | 1.66 | 3.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.51 |
| 2018-09-30 | 1.87 |
| 2018-06-30 | 1.94 |
| 2018-03-31 | 2.00 |
| 2017-12-31 | 1.96 |
| 2017-09-30 | 1.01 |
| 2017-06-30 | 0.11 |
| 2017-03-31 | 0.06 |
| 2016-12-31 | 0.23 |
| 2016-09-30 | 0.19 |
| 2016-06-30 | 0.45 |
| 2016-03-31 | -0.53 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Cargojet's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Cargojet has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Cargojet performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Cargojet has delivered over 20% year on year earnings growth in the past 5 years.
- Cargojet's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Cargojet's 1-year earnings growth is negative, it can't be compared to the North America Logistics industry average.
Earnings and Revenue History
All data from Cargojet Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 454.90 | 20.20 | 52.00 | |
| 2018-09-30 | 440.50 | 25.00 | 51.00 | |
| 2018-06-30 | 415.80 | 25.90 | 51.50 | |
| 2018-03-31 | 395.00 | 25.60 | 48.60 | |
| 2017-12-31 | 382.90 | 23.70 | 48.10 | |
| 2017-09-30 | 358.80 | 11.60 | 51.10 | |
| 2017-06-30 | 350.10 | 1.20 | 43.80 | |
| 2017-03-31 | 341.20 | 0.60 | 42.90 | |
| 2016-12-31 | 331.00 | 2.40 | 41.20 | |
| 2016-09-30 | 321.30 | 2.00 | 33.60 | |
| 2016-06-30 | 315.90 | 4.60 | 35.20 | |
| 2016-03-31 | 311.80 | -5.30 | 35.30 | |
| 2015-12-31 | 289.00 | -18.00 | 34.60 | |
| 2015-09-30 | 261.72 | -21.58 | 33.45 | |
| 2015-06-30 | 233.65 | -21.66 | 33.24 | |
| 2015-03-31 | 202.78 | -16.25 | 28.91 | |
| 2014-12-31 | 192.40 | -9.52 | 26.31 | |
| 2014-09-30 | 183.80 | -2.15 | 22.13 | |
| 2014-06-30 | 179.99 | 0.35 | 20.02 | |
| 2014-03-31 | 178.37 | 2.16 | 19.36 | |
| 2013-12-31 | 175.38 | 3.33 | 18.80 | |
| 2013-09-30 | 173.23 | 2.47 | 18.95 | |
| 2013-06-30 | 171.59 | 3.19 | 18.99 | |
| 2013-03-31 | 169.35 | 3.11 | 18.87 | |
| 2012-12-31 | 168.77 | 3.55 | 18.95 | |
| 2012-09-30 | 165.31 | 1.82 | 18.23 | |
| 2012-06-30 | 163.84 | 2.35 | 18.42 | |
| 2012-03-31 | 164.54 | 2.71 | 19.54 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Cargojet has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Cargojet used its assets more efficiently than the North America Logistics industry average last year based on Return on Assets.
- Cargojet has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Cargojet's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Cargojet has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Cargojet's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Cargojet's finances.
The net worth of a company is the difference between its assets and liabilities.
- Cargojet's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Cargojet's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Cargojet Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 157.70 | 604.40 | |
| 2018-09-30 | 151.50 | 530.20 | |
| 2018-06-30 | 156.20 | 450.00 | |
| 2018-03-31 | 155.20 | 412.90 | |
| 2017-12-31 | 154.60 | 400.50 | 5.70 |
| 2017-09-30 | 145.50 | 349.70 | 0.10 |
| 2017-06-30 | 124.80 | 333.20 | 0.80 |
| 2017-03-31 | 67.90 | 372.50 | 0.50 |
| 2016-12-31 | 66.60 | 347.30 | 2.20 |
| 2016-09-30 | 68.20 | 371.10 | 24.20 |
| 2016-06-30 | 66.00 | 359.20 | 0.30 |
| 2016-03-31 | 60.70 | 379.10 | 3.80 |
| 2015-12-31 | 54.80 | 362.30 | 6.00 |
| 2015-09-30 | 56.75 | 347.59 | 0.65 |
| 2015-06-30 | 53.67 | 324.40 | |
| 2015-03-31 | 58.95 | 287.48 | 0.26 |
| 2014-12-31 | 65.42 | 187.83 | |
| 2014-09-30 | 71.38 | 142.11 | 24.29 |
| 2014-06-30 | 74.20 | 111.28 | 10.20 |
| 2014-03-31 | 68.70 | 28.85 | 0.05 |
| 2013-12-31 | 62.54 | 27.89 | 0.44 |
| 2013-09-30 | 61.26 | 32.10 | 0.47 |
| 2013-06-30 | 62.14 | 34.25 | |
| 2013-03-31 | 62.12 | 30.93 | 0.29 |
| 2012-12-31 | 64.47 | 29.13 | 0.15 |
| 2012-09-30 | 64.07 | 28.17 | 0.08 |
| 2012-06-30 | 64.20 | 31.07 | |
| 2012-03-31 | 64.50 | 50.71 | 19.95 |
- Cargojet's level of debt (383.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (44.6% vs 383.3% today).
- Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Cargojet's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Cargojet has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Cargojet's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Cargojet
shares you are expected to receive
CA$2
in your first year as a dividend.
Dividend Amount
- Cargojet's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
- Cargojet's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| North America Logistics Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 2.5% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 330 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.89 | 2.00 |
| 2019-12-31 | 0.87 | 2.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-28 | 0.088 | 0.106 |
| 2018-11-13 | 0.848 | 1.114 |
| 2018-08-13 | 0.848 | 1.066 |
| 2018-05-07 | 0.848 | 1.296 |
| 2018-03-14 | 0.848 | 1.275 |
| 2017-11-13 | 0.770 | 1.310 |
| 2017-08-08 | 0.770 | 1.510 |
| 2017-05-15 | 0.770 | 1.635 |
| 2017-03-09 | 0.770 | 1.690 |
| 2016-11-07 | 0.700 | 1.460 |
| 2016-08-22 | 0.700 | 1.657 |
| 2016-05-12 | 0.596 | 1.798 |
| 2016-03-07 | 0.596 | 2.171 |
| 2015-11-09 | 0.596 | 2.427 |
| 2015-08-13 | 0.596 | 2.682 |
| 2015-05-11 | 0.596 | 2.241 |
| 2015-03-09 | 0.596 | 2.218 |
| 2014-11-10 | 0.596 | 2.274 |
| 2014-08-11 | 0.596 | 2.626 |
| 2014-05-14 | 0.596 | 2.735 |
| 2014-03-06 | 0.596 | 2.865 |
| 2013-11-12 | 0.596 | 4.221 |
| 2013-08-12 | 0.596 | 5.159 |
| 2013-05-06 | 0.596 | 5.517 |
| 2013-03-08 | 0.596 | 6.130 |
| 2012-11-12 | 0.596 | 6.854 |
| 2012-08-13 | 0.568 | 7.554 |
| 2012-05-07 | 0.568 | 8.094 |
| 2012-02-27 | 0.568 | 6.815 |
| 2011-11-09 | 0.540 | 6.629 |
| 2011-08-10 | 0.540 | 7.332 |
| 2011-05-09 | 1.620 | 17.900 |
| 2011-03-02 | 0.504 | 5.814 |
| 2010-12-09 | 0.504 | 5.806 |
| 2010-11-12 | 0.504 | 6.115 |
| 2010-10-15 | 0.504 | 6.262 |
| 2010-09-17 | 0.504 | 6.636 |
| 2010-08-19 | 0.504 | 6.883 |
| 2010-07-15 | 0.504 | 7.110 |
| 2010-06-14 | 0.504 | 7.875 |
| 2010-05-17 | 0.504 | 8.187 |
| 2010-04-19 | 0.504 | 6.717 |
| 2010-03-17 | 0.504 | 6.233 |
| 2010-02-16 | 0.504 | 5.677 |
| 2010-01-19 | 0.504 | 5.187 |
| 2009-12-18 | 0.504 | 5.331 |
| 2009-11-12 | 0.504 | 5.855 |
| 2009-10-20 | 0.324 | 5.170 |
| 2009-09-21 | 0.324 | 4.903 |
| 2009-08-17 | 0.324 | 5.788 |
| 2009-07-20 | 0.324 | 8.253 |
| 2009-06-19 | 0.324 | 8.495 |
| 2009-05-19 | 0.324 | 8.331 |
| 2009-03-23 | 0.324 | 10.899 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cargojet is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
- Cargojet is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Cargojet's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Cargojet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Cargojet has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CA$9,413,586 |
| AGE | 57 |
CEO Bio
Mr. Ajay K. Virmani, MBA, has been the Managing Director of Lords Chloro Alkali Limited since July 12, 2012. Mr. Virmani served as the Chief Executive Officer of Lords Chloro Alkali Limited since October 9, 2008. Mr. Virmani served as an Assistant Vice President of TCS e-Serve Limited. He serves as the Chief Executive Officer and President of Cargojet GP Inc., General Partner of Cargojet Income Fund. He is the Founder, Chief Executive Officer and President of Cargojet Inc. He serves as the Chief Executive Officer and President of Flagship International Marketing Limited and Cargojet Airways Ltd. He served as the Chief Executive Officer and President of Commercial Transport International (Canada) Ltd. He served as the Chairman of Cargojet GP Inc., until March 08, 2018. He served as an Assistant Vice President of MAX New York Life Insurance. He has been a Director of Cargojet Inc. and Cargojet GP Inc., General Partner of Cargojet Income Fund since 2005. He has been a Director of Cargojet Inc. since 2005. He has been a Director of Academy Of Canadian Cinema And Television since August 2015. He has been an Executive Director of Lords Chloro Alkali Limited since May 14, 2010. He served as a Director of Export Development Canada. Mr. Virmani holds B.Sc. and PGDBM. He is a Chartered Accountant. He has vast experience in Finance, taxation, manufacturing sectors including chemicals. He has been instrumental in shaping financial and business strategies for Lords Chloro Alkali Limited.
CEO Compensation
- Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Ajay's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Cargojet management team in years:
- The tenure for the Cargojet management team is about average.
Management Team
Ajay Virmani
Founder
CA$9M
57
John Kim
VP of Governance
CA$874K
8.9 yrs
Pauline Dhillon
Executive VP of Marketing
CA$983K
George Sugar
Senior Vice President of Flight Operations
CA$744K
13.2 yrs
Jamie Porteous
Executive VP & Chief Commercial Officer
CA$2M
4.2 yrs
Paul Rinaldo
Senior Vice President of Engineering & Maintenance
CA$744K
4.2 yrs
Carl Turner
VP of Legal & Governance and Corporate Secretary
4.6 yrs
Board of Directors Tenure
Average tenure and age of the Cargojet board of directors in years:
- The tenure for the Cargojet board of directors is about average.
Board of Directors
Jim Crane
Chairman of the Board
CA$404K
64
1 yrs
Ajay Virmani
Founder
CA$9M
57
14.2 yrs
John Webster
Lead Director
CA$292K
60
Paul Godfrey
Independent Director
CA$250K
79
10 yrs
Arlene Dickinson
Director
CA$340K
61
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Nov 18 | Buy | Arlene Dickinson | Individual | 29. Nov 18 | 29. Nov 18 | 10,000 | CA$68.09 | CA$680,900 | ||
| 29. Jun 18 | Sell | Jamie Porteous | Individual | 26. Jun 18 | 27. Jun 18 | -9,000 | CA$66.79 | CA$-586,317 | ||
| 07. Jun 18 | Sell | George Sugar | Individual | 04. Jun 18 | 04. Jun 18 | -358 | CA$65.79 | CA$-23,552 | ||
| 02. Apr 18 | Sell | Jamie Porteous | Individual | 26. Mar 18 | 28. Mar 18 | -25,286 | CA$68.26 | CA$-1,720,604 | ||
| 29. Mar 18 | Sell | George Sugar | Individual | 29. Mar 18 | 29. Mar 18 | -1,087 | CA$67.59 | CA$-73,470 | ||
Management checks
We assess Cargojet's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Cargojet has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
The Cargojet (TSE:CJT) Share Price Is Up 287% And Shareholders Are Boasting About It
(TSE:CJT) share price has soared 287% in the last half decade. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.
Simply Wall St - – Full articleHow Good Is Cargojet Inc. (TSE:CJT) At Creating Shareholder Value?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIs Cargojet Inc's (TSE:CJT) High P/E Ratio A Problem For Investors?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCargojet Inc (TSE:CJT): What Does Its Beta Value Mean For Your Portfolio?
If you're interested in Cargojet Inc (TSE:CJT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleWhy Cargojet Inc (TSE:CJT) Could Be Worth Watching
Cargojet Inc (TSE:CJT), which is in the logistics business, and is based in Canada,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Cargojet’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleA Look At The Intrinsic Value Of Cargojet Inc (TSE:CJT)
by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleAre Insiders Pessimistic About Cargojet Inc (TSE:CJT) Stock?
Cargojet's insiders have divested from. … A well-known argument is that insiders divesting from their own companies’ shares sends a pessimistic signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market
Simply Wall St - – Full articleShould You Expect Cargojet Inc (TSE:CJT) To Continue Delivering An ROE Of 16.50%?
With an ROE of 16.50%, Cargojet Inc (TSE:CJT) outpaced its own industry which delivered a less exciting 12.47% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Check out our latest analysis for Cargojet
Simply Wall St - – Full articleDoes Cargojet Inc's (TSE:CJT) PE Ratio Warrant A Sell?
This analysis is intended to introduce important early concepts to people who are starting to invest. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will break down what the P/E ratio is, how to interpret it and what to watch out for
Simply Wall St - – Full articleShould You Buy Cargojet Inc (TSE:CJT) For Its Dividend?
Cargojet Inc (TSE:CJT) has returned to shareholders over the past 10 years, an average dividend yield of 8.00% annually. … Does Cargojet tick all the boxes of a great dividend stock? … Check out our latest analysis for Cargojet
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | Cargojet Inc. |
| CJT | |
| Exchange: | TSX |
| Founded: | 2005 |
| CA$1,078,933,169 | |
| 13,446,284 | |
| Website: | http://www.cargojet.com |
| Address: |
Cargojet Inc. 2281 North Sheridan Way, Mississauga, Ontario, L5K 2S3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | CJT | Common Voting Shares | The Toronto Stock Exchange | CA | CAD | 09. Jun 2005 | |
| OTCPK | CGJT.F | Common Voting Shares | Pink Sheets LLC | US | USD | 09. Jun 2005 | |
| DB | CJ8 | Common Voting Shares | Deutsche Boerse AG | DE | EUR | 09. Jun 2005 | |
| TSX | CJT.A | Variable Voting Shares | The Toronto Stock Exchange | CA | CAD | 06. Jan 2011 | |
| OTCPK | CGGJ.F | Variable Voting Shares | Pink Sheets LLC | US | USD | 06. Jan 2011 |
Number of employees
Current staff
Industry
| Air Freight and Logistics | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:29 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/02/28 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
