CNR Stock Overview
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business.
Canadian National Railway Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$154.80|
|52 Week High||CA$171.48|
|52 Week Low||CA$137.26|
|1 Month Change||0.68%|
|3 Month Change||5.33%|
|1 Year Change||4.29%|
|3 Year Change||37.30%|
|5 Year Change||53.33%|
|Change since IPO||3,506.99%|
Recent News & Updates
Does Canadian National Railway (TSE:CNR) Deserve A Spot On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
|CNR||CA Transportation||CA Market|
Return vs Industry: CNR underperformed the Canadian Transportation industry which returned 9.6% over the past year.
Return vs Market: CNR exceeded the Canadian Market which returned -2.5% over the past year.
|CNR Average Weekly Movement||2.7%|
|Transportation Industry Average Movement||5.4%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||18.3%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: CNR is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CNR's weekly volatility (3%) has been stable over the past year.
About the Company
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company’s portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States.
Canadian National Railway Fundamentals Summary
|CNR fundamental statistics|
Is CNR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNR income statement (TTM)|
|Cost of Revenue||CA$6.76b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 25, 2022
|Earnings per share (EPS)||7.50|
|Net Profit Margin||33.27%|
How did CNR perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is CNR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CNR?
Other financial metrics that can be useful for relative valuation.
|What is CNR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CNR's PE Ratio compare to its peers?
|CNR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CP Canadian Pacific Railway
NSC Norfolk Southern
UNP Union Pacific
CNR Canadian National Railway
Price-To-Earnings vs Peers: CNR is good value based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (22.2x).
Price to Earnings Ratio vs Industry
How does CNR's PE Ratio compare vs other companies in the North American Transportation Industry?
Price-To-Earnings vs Industry: CNR is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the North American Transportation industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is CNR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||20.7x|
|Fair PE Ratio||28.2x|
Price-To-Earnings vs Fair Ratio: CNR is good value based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).
Share Price vs Fair Value
What is the Fair Price of CNR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CNR (CA$154.8) is trading below our estimate of fair value (CA$177.07)
Significantly Below Fair Value: CNR is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Canadian National Railway forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNR's forecast earnings growth (5.5% per year) is above the savings rate (1.6%).
Earnings vs Market: CNR's earnings (5.5% per year) are forecast to grow slower than the Canadian market (7% per year).
High Growth Earnings: CNR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CNR's revenue (4.8% per year) is forecast to grow slower than the Canadian market (5.7% per year).
High Growth Revenue: CNR's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNR's Return on Equity is forecast to be high in 3 years time (25.4%)
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How has Canadian National Railway performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNR has high quality earnings.
Growing Profit Margin: CNR's current net profit margins (33.3%) are higher than last year (28.3%).
Past Earnings Growth Analysis
Earnings Trend: CNR's earnings have declined by 2% per year over the past 5 years.
Accelerating Growth: CNR's earnings growth over the past year (27.5%) exceeds its 5-year average (-2% per year).
Earnings vs Industry: CNR earnings growth over the past year (27.5%) underperformed the Transportation industry 27.5%.
Return on Equity
High ROE: CNR's Return on Equity (23.6%) is considered high.
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How is Canadian National Railway's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CNR's short term assets (CA$3.4B) do not cover its short term liabilities (CA$4.8B).
Long Term Liabilities: CNR's short term assets (CA$3.4B) do not cover its long term liabilities (CA$22.8B).
Debt to Equity History and Analysis
Debt Level: CNR's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: CNR's debt to equity ratio has reduced from 70.1% to 66.1% over the past 5 years.
Debt Coverage: CNR's debt is well covered by operating cash flow (47.5%).
Interest Coverage: CNR's interest payments on its debt are well covered by EBIT (12.1x coverage).
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What is Canadian National Railway current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Canadian National Railway Dividend Yield vs Market|
|Company (Canadian National Railway)||1.9%|
|Market Bottom 25% (CA)||1.9%|
|Market Top 25% (CA)||5.9%|
|Industry Average (Transportation)||1.4%|
|Analyst forecast in 3 Years (Canadian National Railway)||2.0%|
Notable Dividend: CNR's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: CNR's dividend (1.89%) is low compared to the top 25% of dividend payers in the Canadian market (5.89%).
Stability and Growth of Payments
Stable Dividend: CNR's dividends per share have been stable in the past 10 years.
Growing Dividend: CNR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.9%), CNR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.2%), CNR's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tracy Robinson (58 yo)
Ms. Tracy A. Robinson has been an Executive Advisor at TC Energy Corporation since January 2022. She had been Executive Vice President and President of Canadian Natural Gas Pipelines at TransCanada PipeLin...
Experienced Management: CNR's management team is considered experienced (2.5 years average tenure).
Experienced Board: CNR's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CNR insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
|02 Sep 22||SellCA$97,204,205||Melinda Gates||Individual||622,724||CA$161.33|
|26 Aug 22||SellCA$53,008,788||Melinda Gates||Individual||325,193||CA$163.44|
|24 Aug 22||SellCA$111,048,769||Melinda Gates||Individual||683,009||CA$164.93|
|23 Aug 22||BuyCA$242,120||Margaret McKenzie||Individual||1,500||CA$161.41|
|04 Aug 22||SellCA$203,749||Sean Finn||Individual||1,255||CA$162.35|
|07 Jun 22||BuyCA$400,219||Susan Jones||Individual||2,748||CA$145.64|
|31 May 22||BuyCA$144,307||David Freeman||Individual||1,000||CA$144.31|
|25 May 22||SellCA$681,620,956||Cascade Investment, L.L.C.||Company||3,793,366||CA$191.74|
|25 May 22||SellCA$129,907,306||Bill & Melinda Gates Foundation Asset Trust||Company||722,962||CA$191.74|
|17 May 22||SellCA$404,537,658||Cascade Investment, L.L.C.||Company||2,791,825||CA$147.85|
|17 May 22||SellCA$77,099,247||Bill & Melinda Gates Foundation Asset Trust||Company||532,083||CA$147.85|
|12 May 22||SellCA$538,757,735||Cascade Investment, L.L.C.||Company||2,855,981||CA$193.97|
|12 May 22||SellCA$102,512,565||Bill & Melinda Gates Foundation Asset Trust||Company||543,423||CA$193.97|
|12 May 22||SellCA$414,689,763||Cascade Investment, L.L.C.||Company||2,855,981||CA$146.66|
|12 May 22||SellCA$78,905,268||Bill & Melinda Gates Foundation Asset Trust||Company||543,423||CA$146.66|
|06 May 22||SellCA$222,650,029||Cascade Investment, L.L.C.||Company||1,473,842||CA$153.83|
|06 May 22||SellCA$42,330,248||Bill & Melinda Gates Foundation Asset Trust||Company||280,207||CA$153.83|
|04 May 22||SellCA$319,412,007||Cascade Investment, L.L.C.||Company||2,085,280||CA$155.15|
|04 May 22||SellCA$60,726,545||Bill & Melinda Gates Foundation Asset Trust||Company||396,453||CA$155.15|
|29 Apr 22||BuyCA$506,880||Tracy Robinson||Individual||3,300||CA$153.60|
|29 Apr 22||SellCA$55,877,707||Cascade Investment, L.L.C.||Company||365,768||CA$154.57|
|29 Apr 22||SellCA$10,623,497||Bill & Melinda Gates Foundation Asset Trust||Company||69,540||CA$154.57|
|28 Apr 22||SellCA$198,741,075||Cascade Investment, L.L.C.||Company||1,277,461||CA$155.86|
|28 Apr 22||SellCA$37,784,671||Bill & Melinda Gates Foundation Asset Trust||Company||242,871||CA$155.86|
|25 Mar 22||BuyCA$264,356||Robert Pace||Individual||1,561||CA$169.35|
|24 Mar 22||BuyCA$96,951||James O'Connor||Individual||579||CA$167.45|
|11 Mar 22||SellCA$265,917||Sean Finn||Individual||1,624||CA$163.74|
|04 Mar 22||SellCA$613,180||Sean Finn||Individual||4,000||CA$153.29|
|25 Feb 22||SellCA$318,131||James Cairns||Individual||2,013||CA$158.04|
|08 Feb 22||BuyCA$49,263||Robert Phillips||Individual||315||CA$156.39|
|27 Jan 22||BuyCA$151,378||Margaret McKenzie||Individual||1,000||CA$151.38|
|16 Dec 21||SellCA$596,527,994||Melinda Gates||Individual||3,651,847||CA$168.85|
|16 Nov 21||SellCA$1,076,731||Keith Reardon||Individual||6,607||CA$162.97|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Canadian National Railway Company's employee growth, exchange listings and data sources
- Name: Canadian National Railway Company
- Ticker: CNR
- Exchange: TSX
- Founded: 1919
- Industry: Railroads
- Sector: Transportation
- Implied Market Cap: CA$105.790b
- Shares outstanding: 683.40m
- Website: https://www.cn.ca
Number of Employees
- Canadian National Railway Company
- 935 de La Gauchetiere Street West
- H3B 2M9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CNI||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Nov 1996|
|CNR||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 1996|
|CY2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1996|
|CNI N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Nov 1996|
|CNIC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REP 1 COM||BR||BRL||May 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
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.