Cargojet Financials
| CJT Stock | CAD 90.04 1.06 1.16% |
Quarterly Earnings Growth (0.80) | EPS Estimate Next Quarter 1.02 | Diluted Eps 7.92 | EPS Estimate Current Year 4 | EPS Estimate Next Year 4.62 |
With this module, you can analyze Cargojet financials for your investing period. You should be able to track the changes in Cargojet individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Cargojet | Select Account or Indicator |
Understanding current and past Cargojet Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cargojet's financial statements are interrelated, with each one affecting the others. For example, an increase in Cargojet's assets may result in an increase in income on the income statement.
Evaluating Cargojet's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Cargojet's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Cargojet's relative financial performance
Chance Of Distress
Less than 30
100 | 0 |
Cargojet has less than 30 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Cargojet stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Cargojet's odds of distress score SHOULD NOT be confused with the real chance of Cargojet filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Cargojet is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Cargojet's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More InfoThe data published in Cargojet's official financial statements usually reflect Cargojet's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Cargojet. For example, before you start analyzing numbers published by Cargojet accountants, it's critical to develop an understanding of what Cargojet's liquidity, profitability, and earnings quality are in the context of the Air Freight & Logistics space in which it operates.
Please note, the presentation of Cargojet's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cargojet's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Cargojet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cargojet. Please utilize our Beneish M Score to check the likelihood of Cargojet's management manipulating its earnings.
Cargojet Company Summary
Cargojet competes with Andlauer HealthcareGr, K Bro, Mullen, and CAE. Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Cargojet Inc. is headquartered in Mississauga, Canada.Cargojet Inc. operates as a subsidiary of Flagship International Marketing Limited. CARGOJET INC operates under Integrated Freight Logistics classification in Canada and is traded on Toronto Stock Exchange. It employs 1182 people.| Foreign Associate | USA |
Specialization | Industrials, Integrated Freight & Logistics |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA14179V5036 |
| Region | North America |
| Business Address | 2281 North Sheridan |
| Sector | Air Freight & Logistics |
| Industry | Industrials |
| Benchmark | NYSE Composite |
| Website | www.cargojet.com |
| Phone | 905 501 7373 |
| Currency | CAD - Canadian Dollar |
You should never invest in Cargojet without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Cargojet Stock, because this is throwing your money away. Analyzing the key information contained in Cargojet's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Cargojet Key Financial Ratios
Generally speaking, Cargojet's financial ratios allow both analysts and investors to convert raw data from Cargojet's financial statements into concise, actionable information that can be used to evaluate the performance of Cargojet over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Cargojet reports annually and quarterly.| Return On Asset | 0.0431 | |||
| Profit Margin | 0.16 % | |||
| Operating Margin | 0.14 % |
Cargojet Key Balance Sheet Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Inventories | 1.6 M | 2.3 M | 1.5 M | 2.2 M | 1.98 M | 2.14 M | |
| Receivables | 65.2 M | 51.3 M | 41.3 M | 75.2 M | 67.68 M | 73.02 M | |
| Accounts Payable | 35.8 M | 45.6 M | 66.9 M | 71.2 M | 64.08 M | 69.14 M | |
| Total Assets | 852.9 M | 1.1 B | 1.22 B | 1.49 B | 1.34 B | 1.45 B | |
| Current Assets | 72.6 M | 70.5 M | 96.2 M | 200.1 M | 180.09 M | 194.31 M | |
| Shareholders Equity Attributable to Parent | 157.7 M | 276.2 M | 175.2 M | 676.4 M | 608.76 M | 656.82 M | |
| Total Liabilities | 695.2 M | 822.1 M | 1.05 B | 813.4 M | 732.06 M | 789.85 M | |
| Current Liabilities | 73.4 M | 114.5 M | 180.6 M | 98.2 M | 88.38 M | 74.42 M |
Cargojet Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Cargojet's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Direct Expenses | 342.6 M | 367.4 M | 418 M | 526.9 M | 474.21 M | 511.65 M | |
| Net Income | 20.2 M | 11.6 M | (87.8 M) | 167.4 M | 150.66 M | 162.55 M | |
| Operating Income | 56.3 M | 63.1 M | (6.1 M) | 236.2 M | 212.58 M | 229.36 M | |
| Revenues | 454.9 M | 486.6 M | 668.5 M | 757.8 M | 682.02 M | 735.86 M | |
| Weighted Average Shares | 13.4 M | 13.5 M | 15.6 M | 17.2 M | 15.48 M | 12.86 M | |
| Weighted Average Shares Diluted | 13.5 M | 13.6 M | 15.6 M | 17.6 M | 15.84 M | 13.16 M |
Cargojet Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Cargojet. It measures of how well Cargojet is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Cargojet brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Cargojet had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Cargojet has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Net Cash Flow from Financing | 68.7 M | 74.8 M | (162.8 M) | 126.4 M | 113.76 M | 122.74 M | |
| Net Cash Flow from Investing | (172 M) | (217.2 M) | (127.7 M) | (280.4 M) | (322.46 M) | (330.95 M) | |
| Net Cash Flow from Operations | 91.3 M | 151 M | 292.6 M | 245 M | 220.5 M | 237.91 M |
Cargojet Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cargojet's current stock value. Our valuation model uses many indicators to compare Cargojet value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cargojet competition to find correlations between indicators driving Cargojet's intrinsic value. More Info.Cargojet is rated below average in retained earnings category among related companies. It is rated below average in beta category among related companies . The ratio of Retained Earnings to Beta for Cargojet is about 188,261,851 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cargojet by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cargojet's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cargojet's earnings, one of the primary drivers of an investment's value.Cargojet Systematic Risk
Cargojet's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cargojet volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifty-five with a total number of output elements of six. The Beta measures systematic risk based on how returns on Cargojet correlated with the market. If Beta is less than 0 Cargojet generally moves in the opposite direction as compared to the market. If Cargojet Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cargojet is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cargojet is generally in the same direction as the market. If Beta > 1 Cargojet moves generally in the same direction as, but more than the movement of the benchmark..
Cargojet Inventories Over Time
About Cargojet Financials
What exactly are Cargojet Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Cargojet's income statement, its balance sheet, and the statement of cash flows. Potential Cargojet investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Cargojet investors may use each financial statement separately, they are all related. The changes in Cargojet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cargojet's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Cargojet Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Cargojet is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Cargojet has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Cargojet's financials are consistent with your investment objective using the following steps:- Review Cargojet's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Cargojet's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Cargojet's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Cargojet's stock is overvalued or undervalued.
Cargojet October 2, 2023 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Cargojet help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cargojet. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cargojet based on widely used predictive technical indicators. In general, we focus on analyzing Cargojet Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cargojet's daily price indicators and compare them against related drivers.
| Information Ratio | (0.030564) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.09 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running Cargojet's price analysis, check to measure Cargojet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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