Cargojet Fundamentals
| CJT Stock | CAD 87.66 0.61 0.69% |
Cargojet fundamentals help investors to digest information that contributes to Cargojet's financial success or failures. It also enables traders to predict the movement of Cargojet Stock. The fundamental analysis module provides a way to measure Cargojet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cargojet stock.
Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 4th of October 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M. Cargojet | Select Account or Indicator |
Cargojet Current Valuation Analysis
Cargojet's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
More About Current Valuation | All Equity Analysis
| 2020 | 2021 | 2022 | 2023 (projected) | Weighted Average Shares | 15.6 M | 17.2 M | 15.48 M | 12.86 M | Revenues | 668.5 M | 757.8 M | 682.02 M | 735.86 M |
Enterprise Value | = | Market Cap + Debt | - | Cash |
Current Cargojet Current Valuation | 2.27 B |
Most of Cargojet's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cargojet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Cargojet has a Current Valuation of 2.27 B. This is 68.86% lower than that of the Air Freight & Logistics sector and significantly higher than that of the Industrials industry. The current valuation for all Canada stocks is 86.36% higher than that of the company.
Cargojet Fundamental Drivers 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 number one stock in retained earnings category among related companies. It is number one stock in ebitda category among related companies totaling about 1.94 of EBITDA per Retained Earnings. Cargojet Earnings Before Interest Taxes and Depreciation Amortization EBITDA are very stable at the moment as compared to the past year. Cargojet reported last year Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 313.29 Million. 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 Cash and Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cargojet's direct or indirect competition against its Cash and Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cargojet could also be used in its relative valuation, which is a method of valuing Cargojet by comparing valuation metrics of similar companies.Cargojet is currently under evaluation in cash and equivalents category among related companies.
Cargojet Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cargojet from analyzing Cargojet's financial statements. These drivers represent accounts that assess Cargojet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cargojet's important valuation drivers and their relationship over time.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Net Income Per Employee | 19.82 K | 10.3 K | (70.78 K) | 111.9 K | 100.71 K | 108.66 K | |
| Revenue Per Employee | 446.42 K | 432.15 K | 538.94 K | 506.55 K | 455.9 K | 429.74 K | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 122.7 M | 158.4 M | 95.3 M | 348.1 M | 313.29 M | 338.02 M |
Cargojet Fundamentals
| Return On Equity | 0.18 | |||
| Return On Asset | 0.0431 | |||
| Profit Margin | 0.16 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 2.27 B | |||
| Shares Outstanding | 17.21 M | |||
| Shares Owned by Insiders | 2.65 % | |||
| Shares Owned by Institutions | 50.29 % | |||
| Number of Shares Shorted | 375.33 K | |||
| Price to Earning | 226.44 X | |||
| Price to Book | 2.63 X | |||
| Price to Sales | 2.26 X | |||
| Revenue | 979.9 M | |||
| Gross Profit | 247.5 M | |||
| EBITDA | 324.2 M | |||
| Net Income | 190.6 M | |||
| Cash and Equivalents | 1.4 M | |||
| Cash per Share | 0.09 X | |||
| Total Debt | 707 M | |||
| Debt to Equity | 2.72 % | |||
| Current Ratio | 0.66 X | |||
| Book Value Per Share | 51.35 X | |||
| Cash Flow from Operations | 282.5 M | |||
| Short Ratio | 8.17 X | |||
| Earnings Per Share | 7.92 X | |||
| Target Price | 142.75 | |||
| Number of Employees | 1.82 K | |||
| Beta | 0.89 | |||
| Market Capitalization | 1.52 B | |||
| Total Asset | 1.99 B | |||
| Retained Earnings | 166.8 M | |||
| Working Capital | (34.4 M) | |||
| Current Asset | 40.52 M | |||
| Current Liabilities | 46.05 M | |||
| Z Score | 2.42 | |||
| Annual Yield | 0.0127 % | |||
| Five Year Return | 1.28 % | |||
| Net Asset | 1.99 B | |||
| Last Dividend Paid | 1.14 |
About Cargojet Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cargojet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cargojet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cargojet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for 2023 | ||
| Revenues | 682 M | 735.9 M | |
| Revenue to Assets | 0.58 | 0.81 | |
| Revenue Per Employee | 455.9 K | 429.7 K |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Cargojet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cargojet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cargojet will appreciate offsetting losses from the drop in the long position's value.Moving against Cargojet Stock
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cargojet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cargojet to buy it.
The correlation of Cargojet is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cargojet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cargojet Piotroski F Score and Cargojet Altman Z Score analysis. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Cargojet Stock analysis
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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