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CHORUS AVIATION INC (CHR-DB-C.CA) Stock Price, Forecast & Analysis

Canada - TSX:CHR-DB-C - CA17040TAG72

101.5 CAD
+0.3 (+0.3%)
Last: 11/6/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, CHR-DB-C scores 4 out of 10 in our fundamental rating. CHR-DB-C was compared to 7 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of CHR-DB-C get a neutral evaluation. Nothing too spectacular is happening here. CHR-DB-C is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

CHR-DB-C had positive earnings in the past year.
CHR-DB-C had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CHR-DB-C reported negative net income in multiple years.
CHR-DB-C had a positive operating cash flow in each of the past 5 years.
CHR-DB-C.CA Yearly Net Income VS EBIT VS OCF VS FCFCHR-DB-C.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M

1.2 Ratios

The Return On Assets of CHR-DB-C (-1.91%) is worse than 71.43% of its industry peers.
CHR-DB-C has a Return On Equity (-4.82%) which is in line with its industry peers.
CHR-DB-C has a better Return On Invested Capital (6.54%) than 85.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CHR-DB-C is in line with the industry average of 5.73%.
The last Return On Invested Capital (6.54%) for CHR-DB-C is above the 3 year average (5.30%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.91%
ROE -4.82%
ROIC 6.54%
ROA(3y)-4.73%
ROA(5y)-2.72%
ROE(3y)-14.73%
ROE(5y)-8.13%
ROIC(3y)5.3%
ROIC(5y)4.78%
CHR-DB-C.CA Yearly ROA, ROE, ROICCHR-DB-C.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

1.3 Margins

CHR-DB-C has a Operating Margin (6.87%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CHR-DB-C has declined.
The Gross Margin of CHR-DB-C (65.48%) is better than 85.71% of its industry peers.
CHR-DB-C's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.87%
PM (TTM) N/A
GM 65.48%
OM growth 3Y-18.7%
OM growth 5Y-14.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.38%
GM growth 5Y-2.24%
CHR-DB-C.CA Yearly Profit, Operating, Gross MarginsCHR-DB-C.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

5

2. Health

2.1 Basic Checks

CHR-DB-C has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CHR-DB-C has been reduced compared to 1 year ago.
The number of shares outstanding for CHR-DB-C has been increased compared to 5 years ago.
Compared to 1 year ago, CHR-DB-C has an improved debt to assets ratio.
CHR-DB-C.CA Yearly Shares OutstandingCHR-DB-C.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
CHR-DB-C.CA Yearly Total Debt VS Total AssetsCHR-DB-C.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

CHR-DB-C has an Altman-Z score of 2.39. This is not the best score and indicates that CHR-DB-C is in the grey zone with still only limited risk for bankruptcy at the moment.
CHR-DB-C has a better Altman-Z score (2.39) than 85.71% of its industry peers.
CHR-DB-C has a debt to FCF ratio of 7.89. This is a slightly negative value and a sign of low solvency as CHR-DB-C would need 7.89 years to pay back of all of its debts.
CHR-DB-C's Debt to FCF ratio of 7.89 is amongst the best of the industry. CHR-DB-C outperforms 85.71% of its industry peers.
A Debt/Equity ratio of 0.54 indicates that CHR-DB-C is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.54, CHR-DB-C belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 7.89
Altman-Z 2.39
ROIC/WACC0.79
WACC8.25%
CHR-DB-C.CA Yearly LT Debt VS Equity VS FCFCHR-DB-C.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.14 indicates that CHR-DB-C should not have too much problems paying its short term obligations.
CHR-DB-C's Current ratio of 1.14 is in line compared to the rest of the industry. CHR-DB-C outperforms 42.86% of its industry peers.
CHR-DB-C has a Quick Ratio of 1.14. This is a bad value and indicates that CHR-DB-C is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.61, CHR-DB-C is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.61
CHR-DB-C.CA Yearly Current Assets VS Current LiabilitesCHR-DB-C.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

3

3. Growth

3.1 Past

CHR-DB-C shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 78.57%, which is quite impressive.
The earnings per share for CHR-DB-C have been decreasing by -19.03% on average. This is quite bad
The Revenue for CHR-DB-C has decreased by -13.36% in the past year. This is quite bad
Measured over the past years, CHR-DB-C shows a small growth in Revenue. The Revenue has been growing by 0.56% on average per year.
EPS 1Y (TTM)78.57%
EPS 3Y-16.46%
EPS 5Y-19.03%
EPS Q2Q%842.86%
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y11.15%
Revenue growth 5Y0.56%
Sales Q2Q%-7.58%

3.2 Future

CHR-DB-C is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.05% yearly.
CHR-DB-C is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.27% yearly.
EPS Next Y55.58%
EPS Next 2Y13.32%
EPS Next 3Y6.05%
EPS Next 5YN/A
Revenue Next Year-4.85%
Revenue Next 2Y-3.78%
Revenue Next 3Y-4.27%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CHR-DB-C.CA Yearly Revenue VS EstimatesCHR-DB-C.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
CHR-DB-C.CA Yearly EPS VS EstimatesCHR-DB-C.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 45.11, which means the current valuation is very expensive for CHR-DB-C.
The rest of the industry has a similar Price/Earnings ratio as CHR-DB-C.
When comparing the Price/Earnings ratio of CHR-DB-C to the average of the S&P500 Index (26.28), we can say CHR-DB-C is valued expensively.
CHR-DB-C is valuated quite expensively with a Price/Forward Earnings ratio of 52.34.
The rest of the industry has a similar Price/Forward Earnings ratio as CHR-DB-C.
The average S&P500 Price/Forward Earnings ratio is at 33.61. CHR-DB-C is valued rather expensively when compared to this.
Industry RankSector Rank
PE 45.11
Fwd PE 52.34
CHR-DB-C.CA Price Earnings VS Forward Price EarningsCHR-DB-C.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CHR-DB-C indicates a slightly more expensive valuation: CHR-DB-C is more expensive than 71.43% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CHR-DB-C.
Industry RankSector Rank
P/FCF 53.11
EV/EBITDA 13.7
CHR-DB-C.CA Per share dataCHR-DB-C.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.81
PEG (5Y)N/A
EPS Next 2Y13.32%
EPS Next 3Y6.05%

2

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.40%, CHR-DB-C has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.45, CHR-DB-C pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.40, CHR-DB-C pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.4%

5.2 History

The dividend of CHR-DB-C is nicely growing with an annual growth rate of 21.58%!
CHR-DB-C does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)21.58%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

CHR-DB-C has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CHR-DB-C's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-34.57%
EPS Next 2Y13.32%
EPS Next 3Y6.05%
CHR-DB-C.CA Yearly Income VS Free CF VS DividendCHR-DB-C.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M

CHORUS AVIATION INC

TSX:CHR-DB-C (11/6/2025, 7:00:00 PM)

101.5

+0.3 (+0.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)02-11 2026-02-11/amc
Inst Owners3.2%
Inst Owner ChangeN/A
Ins Owners1.35%
Ins Owner ChangeN/A
Market Cap2.59B
Revenue(TTM)1.37B
Net Income(TTM)-25.87M
Analysts78
Price Target125.22 (23.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.4%
Yearly Dividend0.98
Dividend Growth(5Y)21.58%
DP-34.57%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.45%
Min EPS beat(2)3.87%
Max EPS beat(2)11.03%
EPS beat(4)4
Avg EPS beat(4)62.09%
Min EPS beat(4)3.87%
Max EPS beat(4)207.96%
EPS beat(8)5
Avg EPS beat(8)11.1%
EPS beat(12)6
Avg EPS beat(12)4.98%
EPS beat(16)8
Avg EPS beat(16)3.11%
Revenue beat(2)0
Avg Revenue beat(2)-6.13%
Min Revenue beat(2)-8.31%
Max Revenue beat(2)-3.95%
Revenue beat(4)0
Avg Revenue beat(4)-6%
Min Revenue beat(4)-8.31%
Max Revenue beat(4)-3.78%
Revenue beat(8)2
Avg Revenue beat(8)-4.58%
Revenue beat(12)4
Avg Revenue beat(12)-2.85%
Revenue beat(16)7
Avg Revenue beat(16)0.11%
PT rev (1m)-11.57%
PT rev (3m)-9.27%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-5.97%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-4.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.85%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.42%
Valuation
Industry RankSector Rank
PE 45.11
Fwd PE 52.34
P/S 1.89
P/FCF 53.11
P/OCF 30.58
P/B 4.81
P/tB 4.89
EV/EBITDA 13.7
EPS(TTM)2.25
EY2.22%
EPS(NY)1.94
Fwd EY1.91%
FCF(TTM)1.91
FCFY1.88%
OCF(TTM)3.32
OCFY3.27%
SpS53.68
BVpS21.08
TBVpS20.74
PEG (NY)0.81
PEG (5Y)N/A
Graham Number32.67
Profitability
Industry RankSector Rank
ROA -1.91%
ROE -4.82%
ROCE 8.82%
ROIC 6.54%
ROICexc 6.9%
ROICexgc 6.96%
OM 6.87%
PM (TTM) N/A
GM 65.48%
FCFM 3.56%
ROA(3y)-4.73%
ROA(5y)-2.72%
ROE(3y)-14.73%
ROE(5y)-8.13%
ROIC(3y)5.3%
ROIC(5y)4.78%
ROICexc(3y)5.99%
ROICexc(5y)5.28%
ROICexgc(3y)6.05%
ROICexgc(5y)5.32%
ROCE(3y)7.14%
ROCE(5y)6.44%
ROICexgc growth 3Y33.52%
ROICexgc growth 5Y7.31%
ROICexc growth 3Y33.18%
ROICexc growth 5Y7.15%
OM growth 3Y-18.7%
OM growth 5Y-14.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.38%
GM growth 5Y-2.24%
F-Score5
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 7.89
Debt/EBITDA 1.36
Cap/Depr 30.21%
Cap/Sales 2.62%
Interest Coverage 2.06
Cash Conversion 39.75%
Profit Quality N/A
Current Ratio 1.14
Quick Ratio 0.61
Altman-Z 2.39
F-Score5
WACC8.25%
ROIC/WACC0.79
Cap/Depr(3y)31.44%
Cap/Depr(5y)62.49%
Cap/Sales(3y)3.58%
Cap/Sales(5y)12.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)78.57%
EPS 3Y-16.46%
EPS 5Y-19.03%
EPS Q2Q%842.86%
EPS Next Y55.58%
EPS Next 2Y13.32%
EPS Next 3Y6.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.36%
Revenue growth 3Y11.15%
Revenue growth 5Y0.56%
Sales Q2Q%-7.58%
Revenue Next Year-4.85%
Revenue Next 2Y-3.78%
Revenue Next 3Y-4.27%
Revenue Next 5YN/A
EBIT growth 1Y-53.02%
EBIT growth 3Y-9.64%
EBIT growth 5Y-14.31%
EBIT Next Year86.18%
EBIT Next 3Y12.53%
EBIT Next 5YN/A
FCF growth 1Y-79.47%
FCF growth 3Y24.37%
FCF growth 5YN/A
OCF growth 1Y-70.44%
OCF growth 3Y12.73%
OCF growth 5Y0.25%

CHORUS AVIATION INC / CHR-DB-C.CA FAQ

Can you describe the business of CHORUS AVIATION INC?

Chorus Aviation, Inc. is a holding company, which engages in the provision of aviation services. The company is headquartered in Dartmouth, Nova Scotia and currently employs 4,308 full-time employees. The company went IPO on 2006-01-26. Its subsidiaries: Jazz Aviation LP, the regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy LP, a training academy preparing pilots for direct entry into airlines. Together, the Company’s subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training.


What is the current price of CHR-DB-C stock?

The current stock price of CHR-DB-C.CA is 101.5 CAD. The price increased by 0.3% in the last trading session.


What is the ChartMill technical and fundamental rating of CHR-DB-C stock?

CHR-DB-C.CA has a ChartMill Technical rating of 6 out of 10 and a ChartMill Fundamental rating of 4 out of 10.