Cargojet Z Score
| CJT Stock | CAD 87.66 0.61 0.69% |
Cargojet | Z Score |
Cargojet Z Score Analysis
Cargojet's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
More About Z Score | 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 |
Z Score | = | Sum Of | | 5 Factors |
Current Cargojet Z Score | 2.41 |
Most of Cargojet's fundamental indicators, such as Z Score, 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.
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Cargojet Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Cargojet is extremely important. It helps to project a fair market value of Cargojet Stock properly, considering its historical fundamentals such as Z Score. Since Cargojet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cargojet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cargojet's interrelated accounts and indicators.
| 0.99 | 0.93 | 0.77 | 0.92 | 0.77 | ||
| 0.99 | 0.93 | 0.75 | 0.94 | 0.76 | ||
| 0.93 | 0.93 | 0.94 | 0.76 | 0.52 | ||
| 0.77 | 0.75 | 0.94 | 0.5 | 0.23 | ||
| 0.92 | 0.94 | 0.76 | 0.5 | 0.9 | ||
| 0.77 | 0.76 | 0.52 | 0.23 | 0.9 |
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
In accordance with the company's disclosures, Cargojet has a Z Score of 2.41. This is 40.79% lower than that of the Air Freight & Logistics sector and significantly higher than that of the Industrials industry. The z score for all Canada stocks is 72.36% higher than that of the company.
Cargojet Z Score 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 Z Score 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 rated below average in z score 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 | 1.51 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 | 2.41 | |||
| 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.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.
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.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 Valuation analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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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