Cargojet Inc.

TSX:CJT Stock Report

Market Cap: CA$1.9b

Cargojet Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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.

Discounted Cash Flow
Simply Wall St
CA$106.92
Fair Value
4.7% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: CJT (CA$111.92) is trading above our estimate of fair value (CA$106.92)

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?

Key metric: As CJT is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CJT. This is calculated by dividing CJT's market cap by their current revenue.
What is CJT's PS Ratio?
PS Ratio1.9x
SalesCA$929.50m
Market CapCA$1.89b

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
0.2x5.0%CA$98.8m
WTE Westshore Terminals Investment
3.7x0.3%CA$1.4b
MTL Mullen Group
0.6x5.1%CA$1.3b
EIF Exchange Income
1x9.2%CA$2.8b
CJT Cargojet
1.9x6.8%CA$1.9b

Price-To-Sales vs Peers: CJT is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CJT 1.9xIndustry Avg. 0.7xNo. of Companies5PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CJT is expensive based on its Price-To-Sales Ratio (1.9x) 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 Ratio1.9x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: CJT is expensive based on its Price-To-Sales Ratio (1.9x) 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$111.92
CA$161.09
+43.9%
11.3%CA$189.00CA$120.00n/a11
Jan ’26CA$107.87
CA$162.09
+50.3%
11.2%CA$189.00CA$120.00n/a11
Dec ’25CA$120.90
CA$161.64
+33.7%
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$110.00CA$119.0812
Jan ’25CA$119.17
CA$135.50
+13.7%
20.3%CA$187.00CA$100.00CA$107.8712
Dec ’24CA$101.73
CA$134.75
+32.5%
20.1%CA$187.00CA$100.00CA$120.9012
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
Analyst Price Target
Consensus Narrative from 11 Analysts
CA$161.09
Fair Value
30.5% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 09:19
End of Day Share Price 2025/02/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cargojet Inc. is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nick CorcoranAcumen Capital Finance Partners Limited
Christopher MurrayATB Capital Markets
Ahmad ShaathBeacon Securities Limited