Cargojet
Market Cap
CA$3.4b
Last Updated
2020/10/29 00:00 UTC
Data Sources
Company Financials +
Executive Summary
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.3%
CJT
-1.2%
CA Logistics
-1.6%
CA Market
1 Year Return
124.6%
CJT
46.9%
CA Logistics
-6.3%
CA Market
Return vs Industry: CJT exceeded the Canadian Logistics industry which returned 44.3% over the past year.
Return vs Market: CJT exceeded the Canadian Market which returned -5.5% over the past year.
Shareholder returns
| CJT | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.2% | -1.6% |
| 30 Day | 14.4% | 2.9% | -0.8% |
| 90 Day | 33.2% | 20.8% | -0.7% |
| 1 Year | 126.4%124.6% | 50.5%46.9% | -2.9%-6.3% |
| 3 Year | 326.9%313.7% | 47.4%37.9% | 3.4%-6.6% |
| 5 Year | 875.8%811.7% | 91.6%70.5% | 31.6%11.4% |
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 week ago | Simply Wall St
A Look At The Intrinsic Value Of Cargojet Inc. (TSE:CJT)4 weeks ago | Simply Wall St
Why Cargojet's (TSE:CJT) CEO Pay Matters1 month ago | Simply Wall St
Is Cargojet (TSE:CJT) Using Too Much Debt?Valuation
Is Cargojet undervalued compared to its fair value and its price relative to the market?
17.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CJT (CA$225.15) is trading below our estimate of fair value (CA$267.89)
Significantly Below Fair Value: CJT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CJT is unprofitable, so we can't compare its PE Ratio to the XN Logistics industry average.
PE vs Market: CJT is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CJT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CJT is overvalued based on its PB Ratio (15.8x) 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?
50.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CJT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CJT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CJT's is expected to become profitable in the next 3 years.
Revenue vs Market: CJT's revenue (4.6% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: CJT's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CJT's Return on Equity is forecast to be high in 3 years time (22.5%)
Next Steps
Past Performance
How has Cargojet performed over the past 5 years?
29.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CJT is currently unprofitable.
Growing Profit Margin: CJT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CJT is unprofitable, but has reduced losses over the past 5 years at a rate of 29.5% per year.
Accelerating Growth: Unable to compare CJT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CJT is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (-22.4%).
Return on Equity
High ROE: CJT has a negative Return on Equity (-17.81%), as it is currently unprofitable.
Next Steps
Financial Health
How is Cargojet's financial position?
Financial Position Analysis
Short Term Liabilities: CJT's short term assets (CA$104.4M) do not cover its short term liabilities (CA$152.8M).
Long Term Liabilities: CJT's short term assets (CA$104.4M) do not cover its long term liabilities (CA$771.3M).
Debt to Equity History and Analysis
Debt Level: CJT's debt to equity ratio (182.6%) is considered high.
Reducing Debt: CJT's debt to equity ratio has reduced from 313.9% to 182.6% over the past 5 years.
Debt Coverage: CJT's debt is well covered by operating cash flow (50.8%).
Interest Coverage: CJT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Cargojet current dividend yield, its reliability and sustainability?
0.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CJT's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: CJT's dividend (0.42%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
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
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Ajay Virmani (63 yo)
no data
Tenure
CA$9,732,930
Compensation
Mr. Ajay K. Virmani has served as the President and Chief Executive Officer of Cargojet Airways, Ltd. since its inception, and has been responsible for the general business direction of the Company. Mr. Vi ...
CEO Compensation Analysis
Compensation vs Market: Ajay's total compensation ($USD7.40M) is above average for companies of similar size in the Canadian market ($USD3.02M).
Compensation vs Earnings: Ajay's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | CA$9.73m | 5.71% CA$ 196.9m | |
| VP of Governance | 10.5yrs | CA$611.75k | 0.25% CA$ 8.5m | |
| Executive Vice President of Marketing | no data | CA$691.25k | 0.049% CA$ 1.7m | |
| Executive VP & Chief Commercial Officer | 5.75yrs | CA$1.43m | 0.097% CA$ 3.4m | |
| Senior Vice President of Engineering & Maintenance | 5.75yrs | CA$560.50k | 0.055% CA$ 1.9m | |
| Vice President of Legal & Corporate Governance | no data | no data | no data | |
| Senior Vice President of Flight Operations | 14.75yrs | CA$744.06k | 0.012% CA$ 397.0k |
8.1yrs
Average Tenure
Experienced Management: CJT's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | CA$9.73m | 5.71% CA$ 196.9m | |
| Independent Chairman of the Board | 2.58yrs | CA$460.44k | 0.19% CA$ 6.6m | |
| Independent Director | 11.58yrs | CA$300.04k | 0.16% CA$ 5.5m | |
| Independent Director | 2.5yrs | CA$300.04k | 0.076% CA$ 2.6m | |
| Lead Independent Director | no data | CA$342.04k | 0.038% CA$ 1.3m |
7.1yrs
Average Tenure
63yo
Average Age
Experienced Board: CJT's board of directors are considered experienced (7.1 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 been diluted in the past year, with total shares outstanding growing by 15.3%.
Top Shareholders
Company Information
Cargojet Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cargojet Inc.
- Ticker: CJT
- Exchange: TSX
- Founded:
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: CA$3.446b
- Shares outstanding: 15.60m
- 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 15 cities in North ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:00 |
| End of Day Share Price | 2020/10/28 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.