CHORUS AVIATION INC (CHR.CA) Fundamental Analysis & Valuation
TSX:CHR • CA17040T8885
23.04 CAD
-0.74 (-3.11%)
Last: Mar 6, 2026, 07:00 PM
This CHR.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall CHR gets a fundamental rating of 6 out of 10. We evaluated CHR against 6 industry peers in the Passenger Airlines industry. CHR has an excellent profitability rating, but there are some minor concerns on its financial health. CHR is cheap, but on the other hand it scores bad on growth. These ratings could make CHR a good candidate for value investing.
1. CHR.CA Profitability Analysis
1.1 Basic Checks
- In the past year CHR was profitable.
- In the past year CHR had a positive cash flow from operations.
- In multiple years CHR reported negative net income over the last 5 years.
- In the past 5 years CHR always reported a positive cash flow from operatings.
1.2 Ratios
- CHR's Return On Assets of 6.01% is amongst the best of the industry. CHR outperforms 83.33% of its industry peers.
- With an excellent Return On Equity value of 15.50%, CHR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 7.56%, CHR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for CHR is in line with the industry average of 5.48%.
- The 3 year average ROIC (6.55%) for CHR is below the current ROIC(7.56%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 15.5% | ||
| ROIC | 7.56% |
ROA(3y)-2.94%
ROA(5y)-1.76%
ROE(3y)-10.29%
ROE(5y)-6.33%
ROIC(3y)6.55%
ROIC(5y)5.67%
1.3 Margins
- With an excellent Profit Margin value of 5.98%, CHR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of CHR has grown nicely.
- CHR has a better Operating Margin (7.57%) than 83.33% of its industry peers.
- In the last couple of years the Operating Margin of CHR has declined.
- CHR has a better Gross Margin (67.08%) than 100.00% of its industry peers.
- In the last couple of years the Gross Margin of CHR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.57% | ||
| PM (TTM) | 5.98% | ||
| GM | 67.08% |
OM growth 3Y-16.68%
OM growth 5Y-17.04%
PM growth 3Y54.29%
PM growth 5Y6.46%
GM growth 3Y-2.08%
GM growth 5Y-3.91%
2. CHR.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CHR is destroying value.
- The number of shares outstanding for CHR has been reduced compared to 1 year ago.
- CHR has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for CHR has been reduced compared to a year ago.
2.2 Solvency
- CHR has an Altman-Z score of 0.94. This is a bad value and indicates that CHR is not financially healthy and even has some risk of bankruptcy.
- CHR has a Altman-Z score (0.94) which is comparable to the rest of the industry.
- CHR has a debt to FCF ratio of 13.43. This is a negative value and a sign of low solvency as CHR would need 13.43 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 13.43, CHR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- A Debt/Equity ratio of 0.61 indicates that CHR is somewhat dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.61, CHR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 13.43 | ||
| Altman-Z | 0.94 |
ROIC/WACC0.89
WACC8.45%
2.3 Liquidity
- CHR has a Current Ratio of 1.30. This is a normal value and indicates that CHR is financially healthy and should not expect problems in meeting its short term obligations.
- CHR has a Current ratio of 1.30. This is in the better half of the industry: CHR outperforms 66.67% of its industry peers.
- A Quick Ratio of 0.69 indicates that CHR may have some problems paying its short term obligations.
- CHR has a better Quick ratio (0.69) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 0.69 |
3. CHR.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 58.94% over the past year.
- CHR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.51% yearly.
- Looking at the last year, CHR shows a decrease in Revenue. The Revenue has decreased by -6.30% in the last year.
- Measured over the past years, CHR shows a small growth in Revenue. The Revenue has been growing by 6.77% on average per year.
EPS 1Y (TTM)58.94%
EPS 3Y-9.92%
EPS 5Y-3.51%
EPS Q2Q%-5%
Revenue 1Y (TTM)-6.3%
Revenue growth 3Y-6.21%
Revenue growth 5Y6.77%
Sales Q2Q%-9.33%
3.2 Future
- Based on estimates for the next years, CHR will show a decrease in Earnings Per Share. The EPS will decrease by -8.54% on average per year.
- The Revenue is expected to decrease by -0.24% on average over the next years.
EPS Next Y-18.54%
EPS Next 2Y-4.34%
EPS Next 3Y-7.18%
EPS Next 5Y-8.54%
Revenue Next Year-4.3%
Revenue Next 2Y-1.72%
Revenue Next 3Y-0.35%
Revenue Next 5Y-0.24%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. CHR.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 9.60, the valuation of CHR can be described as reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of CHR indicates a rather cheap valuation: CHR is cheaper than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, CHR is valued rather cheaply.
- CHR is valuated reasonably with a Price/Forward Earnings ratio of 11.78.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of CHR indicates a rather cheap valuation: CHR is cheaper than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.60, CHR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 11.78 |
4.2 Price Multiples
- 83.33% of the companies in the same industry are more expensive than CHR, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, CHR is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.37 | ||
| EV/EBITDA | 4.28 |
4.3 Compensation for Growth
- The excellent profitability rating of CHR may justify a higher PE ratio.
- CHR's earnings are expected to decrease with -7.18% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.34%
EPS Next 3Y-7.18%
5. CHR.CA Dividend Analysis
5.1 Amount
- CHR has a Yearly Dividend Yield of 1.51%.
- CHR's Dividend Yield is a higher than the industry average which is at 0.96.
- CHR's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
5.2 History
- On average, the dividend of CHR grows each year by 6.02%, which is quite nice.
- CHR has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.02%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 4.99% of the earnings are spent on dividend by CHR. This is a low number and sustainable payout ratio.
DP4.99%
EPS Next 2Y-4.34%
EPS Next 3Y-7.18%
CHR.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CHR (3/6/2026, 7:00:00 PM)
23.04
-0.74 (-3.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-12 2026-02-12/amc
Earnings (Next)05-04 2026-05-04
Inst Owners4.93%
Inst Owner ChangeN/A
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap539.60M
Revenue(TTM)1.32B
Net Income(TTM)78.74M
Analysts80
Price Target31.18 (35.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
Yearly Dividend0.16
Dividend Growth(5Y)6.02%
DP4.99%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13 2026-03-13 (0.11)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.44%
Min EPS beat(2)-12.73%
Max EPS beat(2)3.86%
EPS beat(4)3
Avg EPS beat(4)1.51%
Min EPS beat(4)-12.73%
Max EPS beat(4)11.03%
EPS beat(8)6
Avg EPS beat(8)21.63%
EPS beat(12)6
Avg EPS beat(12)4.92%
EPS beat(16)7
Avg EPS beat(16)0.38%
Revenue beat(2)0
Avg Revenue beat(2)-5.74%
Min Revenue beat(2)-7.4%
Max Revenue beat(2)-4.09%
Revenue beat(4)0
Avg Revenue beat(4)-5.93%
Min Revenue beat(4)-8.31%
Max Revenue beat(4)-3.95%
Revenue beat(8)1
Avg Revenue beat(8)-4.99%
Revenue beat(12)4
Avg Revenue beat(12)-2.69%
Revenue beat(16)6
Avg Revenue beat(16)-1.25%
PT rev (1m)3.38%
PT rev (3m)3.05%
EPS NQ rev (1m)1.96%
EPS NQ rev (3m)1.96%
EPS NY rev (1m)-2.24%
EPS NY rev (3m)-0.14%
Revenue NQ rev (1m)-3.8%
Revenue NQ rev (3m)-3.8%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 11.78 | ||
| P/S | 0.41 | ||
| P/FCF | 19.37 | ||
| P/OCF | 8.6 | ||
| P/B | 1.06 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 4.28 |
EPS(TTM)2.4
EY10.42%
EPS(NY)1.96
Fwd EY8.49%
FCF(TTM)1.19
FCFY5.16%
OCF(TTM)2.68
OCFY11.63%
SpS56.21
BVpS21.68
TBVpS21.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number34.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 15.5% | ||
| ROCE | 9.47% | ||
| ROIC | 7.56% | ||
| ROICexc | 7.77% | ||
| ROICexgc | 7.87% | ||
| OM | 7.57% | ||
| PM (TTM) | 5.98% | ||
| GM | 67.08% | ||
| FCFM | 2.12% |
ROA(3y)-2.94%
ROA(5y)-1.76%
ROE(3y)-10.29%
ROE(5y)-6.33%
ROIC(3y)6.55%
ROIC(5y)5.67%
ROICexc(3y)7.32%
ROICexc(5y)6.2%
ROICexgc(3y)7.4%
ROICexgc(5y)6.25%
ROCE(3y)8.21%
ROCE(5y)7.1%
ROICexgc growth 3Y14.68%
ROICexgc growth 5Y8.46%
ROICexc growth 3Y14.56%
ROICexc growth 5Y8.27%
OM growth 3Y-16.68%
OM growth 5Y-17.04%
PM growth 3Y54.29%
PM growth 5Y6.46%
GM growth 3Y-2.08%
GM growth 5Y-3.91%
F-Score7
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 13.43 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 32.52% | ||
| Cap/Sales | 2.65% | ||
| Interest Coverage | 5.51 | ||
| Cash Conversion | 30.33% | ||
| Profit Quality | 35.38% | ||
| Current Ratio | 1.3 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 0.94 |
F-Score7
WACC8.45%
ROIC/WACC0.89
Cap/Depr(3y)32.03%
Cap/Depr(5y)32.8%
Cap/Sales(3y)3.17%
Cap/Sales(5y)4.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)58.94%
EPS 3Y-9.92%
EPS 5Y-3.51%
EPS Q2Q%-5%
EPS Next Y-18.54%
EPS Next 2Y-4.34%
EPS Next 3Y-7.18%
EPS Next 5Y-8.54%
Revenue 1Y (TTM)-6.3%
Revenue growth 3Y-6.21%
Revenue growth 5Y6.77%
Sales Q2Q%-9.33%
Revenue Next Year-4.3%
Revenue Next 2Y-1.72%
Revenue Next 3Y-0.35%
Revenue Next 5Y-0.24%
EBIT growth 1Y4.51%
EBIT growth 3Y-21.86%
EBIT growth 5Y-11.43%
EBIT Next Year72.5%
EBIT Next 3Y17.02%
EBIT Next 5Y10.81%
FCF growth 1Y-86.87%
FCF growth 3Y-49.57%
FCF growth 5YN/A
OCF growth 1Y-76.32%
OCF growth 3Y-39.22%
OCF growth 5Y-16.72%
CHORUS AVIATION INC / CHR.CA FAQ
What is the fundamental rating for CHR stock?
ChartMill assigns a fundamental rating of 6 / 10 to CHR.CA.
Can you provide the valuation status for CHORUS AVIATION INC?
ChartMill assigns a valuation rating of 7 / 10 to CHORUS AVIATION INC (CHR.CA). This can be considered as Undervalued.
Can you provide the profitability details for CHORUS AVIATION INC?
CHORUS AVIATION INC (CHR.CA) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for CHR stock?
The Price/Earnings (PE) ratio for CHORUS AVIATION INC (CHR.CA) is 9.6 and the Price/Book (PB) ratio is 1.06.
How financially healthy is CHORUS AVIATION INC?
The financial health rating of CHORUS AVIATION INC (CHR.CA) is 5 / 10.