Cargojet Inc.

TSX:CJT Stock Report

Market Cap: CA$2.1b

Cargojet Valuation

Is CJT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CJT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CJT (CA$137.05) is trading above our estimate of fair value (CA$87.96)

Significantly Below Fair Value: CJT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CJT?

Other financial metrics that can be useful for relative valuation.

CJT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA13.4x
PEG Ratio14.5x

Price to Sales Ratio vs Peers

How does CJT's PS Ratio compare to its peers?

The above table shows the PS ratio for CJT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
TTNM Titanium Transportation Group
0.2x4.6%CA$96.5m
MTL Mullen Group
0.7x4.5%CA$1.4b
WTE Westshore Terminals Investment
3.8x-0.9%CA$1.5b
EIF Exchange Income
1x7.1%CA$2.7b
CJT Cargojet
2.3x6.8%CA$2.1b

Price-To-Sales vs Peers: CJT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the peer average (1.4x).

Price to Earnings Ratio vs Industry

How does CJT's PE Ratio compare vs other companies in the North American Logistics Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.0%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.0%
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Price-To-Sales vs Industry: CJT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the North American Logistics industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is CJT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CJT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: CJT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CJT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$137.05
CA$161.82
+18.1%
11.0%CA$189.00CA$120.00n/a11
Nov ’25CA$138.07
CA$163.36
+18.3%
11.2%CA$189.00CA$120.00n/a11
Oct ’25CA$135.24
CA$162.27
+20.0%
11.3%CA$189.00CA$120.00n/a11
Sep ’25CA$133.77
CA$162.27
+21.3%
11.3%CA$189.00CA$120.00n/a11
Aug ’25CA$125.96
CA$159.91
+27.0%
11.6%CA$189.00CA$120.00n/a11
Jul ’25CA$140.00
CA$156.91
+12.1%
10.7%CA$182.00CA$120.00n/a11
Jun ’25CA$111.04
CA$149.55
+34.7%
12.9%CA$182.00CA$115.00n/a11
May ’25CA$117.08
CA$149.58
+27.8%
12.3%CA$182.00CA$115.00n/a12
Apr ’25CA$112.29
CA$147.58
+31.4%
12.7%CA$184.00CA$115.00n/a12
Mar ’25CA$112.25
CA$147.42
+31.3%
12.7%CA$184.00CA$115.00n/a12
Feb ’25CA$120.11
CA$146.25
+21.8%
12.8%CA$184.00CA$110.00n/a12
Jan ’25CA$119.17
CA$135.50
+13.7%
20.3%CA$187.00CA$100.00n/a12
Dec ’24CA$101.73
CA$134.75
+32.5%
20.1%CA$187.00CA$100.00n/a12
Nov ’24CA$80.25
CA$141.33
+76.1%
17.5%CA$187.00CA$110.00CA$138.0712
Oct ’24CA$90.04
CA$142.75
+58.5%
17.1%CA$187.00CA$110.00CA$135.2412
Sep ’24CA$99.05
CA$144.33
+45.7%
18.3%CA$197.00CA$110.00CA$133.7712
Aug ’24CA$95.57
CA$148.17
+55.0%
19.5%CA$202.00CA$110.00CA$125.9612
Jul ’24CA$96.22
CA$150.83
+56.8%
19.3%CA$202.00CA$110.00CA$140.0012
Jun ’24CA$101.99
CA$151.25
+48.3%
18.9%CA$202.00CA$115.00CA$111.0412
May ’24CA$105.83
CA$156.50
+47.9%
17.9%CA$202.00CA$118.00CA$117.0812
Apr ’24CA$110.09
CA$169.18
+53.7%
19.0%CA$231.00CA$120.00CA$112.2911
Mar ’24CA$120.47
CA$185.91
+54.3%
14.8%CA$247.00CA$140.00CA$112.2511
Feb ’24CA$126.90
CA$187.27
+47.6%
15.4%CA$247.00CA$140.00CA$120.1111
Jan ’24CA$116.35
CA$198.36
+70.5%
16.0%CA$272.00CA$150.00CA$119.1711
Dec ’23CA$137.21
CA$199.36
+45.3%
15.0%CA$272.00CA$158.00CA$101.7311
Nov ’23CA$132.86
CA$199.36
+50.1%
15.0%CA$272.00CA$158.00CA$80.2511

Analyst Forecast: Target price is less than 20% higher than the current share price.

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