Cargojet
Market Cap
CA$3.0b
Last Updated
2021/05/08 01:54 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
Adequate balance sheet and slightly overvalued.
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 is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CJT's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
CJT
5.9%
CA Logistics
1.9%
CA Market
1 Year Return
26.6%
CJT
101.1%
CA Logistics
36.9%
CA Market
Return vs Industry: CJT underperformed the Canadian Logistics industry which returned 102.8% over the past year.
Return vs Market: CJT underperformed the Canadian Market which returned 37.1% over the past year.
Shareholder returns
| CJT | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | 5.9% | 1.9% |
| 30 Day | 1.6% | 17.8% | 2.2% |
| 90 Day | -17.8% | 23.0% | 8.3% |
| 1 Year | 27.2%26.6% | 105.0%101.1% | 41.4%36.9% |
| 3 Year | 176.5%169.0% | 67.4%57.3% | 30.1%17.7% |
| 5 Year | 495.2%461.2% | 139.1%114.0% | 60.1%36.2% |
Long-Term 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
Does Cargojet (TSE:CJT) Have A Healthy Balance Sheet?2 weeks ago | Simply Wall St
Did You Participate In Any Of Cargojet's (TSE:CJT) Incredible 563% Return?2 months ago | Simply Wall St
Is Cargojet (TSE:CJT) A Future Multi-bagger?Valuation
Is Cargojet undervalued compared to its fair value and its price relative to the market?
46.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CJT (CA$176.5) is trading below our estimate of fair value (CA$332.65)
Significantly Below Fair Value: CJT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CJT is poor value based on its PE Ratio (824x) compared to the XN Logistics industry average (30x).
PE vs Market: CJT is poor value based on its PE Ratio (824x) compared to the Canadian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: CJT is poor value based on its PEG Ratio (99.4x)
Price to Book Ratio
PB vs Industry: CJT is overvalued based on its PB Ratio (5x) compared to the XN Logistics industry average (3.5x).
Future Growth
How is Cargojet forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
8.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CJT's forecast earnings growth (8.3% per year) is above the savings rate (1.5%).
Earnings vs Market: CJT's earnings (8.3% per year) are forecast to grow slower than the Canadian market (18.6% per year).
High Growth Earnings: CJT's earnings are forecast to grow, but not significantly.
Revenue vs Market: CJT's revenue (10% per year) is forecast to grow faster than the Canadian market (7.3% per year).
High Growth Revenue: CJT's revenue (10% 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 low in 3 years time (14.9%).
Past Performance
How has Cargojet performed over the past 5 years?
-39.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CJT has high quality earnings.
Growing Profit Margin: CJT's current net profit margins (0.5%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: CJT has become profitable over the past 5 years, growing earnings by -39.2% 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 (-65.3%) over the past year, making it difficult to compare to the Logistics industry average (-15.8%).
Return on Equity
High ROE: CJT's Return on Equity (0.6%) is considered low.
Financial Health
How is Cargojet's financial position?
Financial Position Analysis
Short Term Liabilities: CJT's short term assets (CA$286.4M) exceed its short term liabilities (CA$139.4M).
Long Term Liabilities: CJT's short term assets (CA$286.4M) do not cover its long term liabilities (CA$691.3M).
Debt to Equity History and Analysis
Debt Level: CJT's debt to equity ratio (51.6%) is considered high.
Reducing Debt: CJT's debt to equity ratio has reduced from 383.7% to 51.6% over the past 5 years.
Debt Coverage: CJT's debt is well covered by operating cash flow (106.1%).
Interest Coverage: CJT's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
Dividend
What is Cargojet current dividend yield, its reliability and sustainability?
0.59%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CJT's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.5%).
High Dividend: CJT's dividend (0.59%) is low compared to the top 25% of dividend payers in the Canadian market (4.66%).
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?
8.7yrs
Average management tenure
CEO
Ajay Virmani (64 yo)
no data
Tenure
CA$11,888,822
Compensation
Dr. Ajay K. Virmani is the Founder, President and Chief Executive Officer of Cargojet Inc., and has been its Director since 2005 also served as its Chairman of the Board until March 8, 2018. He has served ...
CEO Compensation Analysis
Compensation vs Market: Ajay's total compensation ($USD9.75M) is above average for companies of similar size in the Canadian market ($USD3.09M).
Compensation vs Earnings: Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: CJT's management team is seasoned and experienced (8.7 years average tenure).
Board Members
Experienced Board: CJT's board of directors are considered experienced (3.1 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 11.2%.
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: 2005
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: CA$3.014b
- Shares outstanding: 17.32m
- Website: https://www.cargojet.com
Number of Employees
Location
- Cargojet Inc.
- 2281 North Sheridan Way
- Mississauga
- Ontario
- L5K 2S3
- Canada
Listings
Biography
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North A...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/08 01:54 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.