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CARGOJET INC (CJT.CA) Stock Fundamental Analysis

TSX:CJT - Toronto Stock Exchange - CA14179V5036 - Common Stock - Currency: CAD

112.54  -3.18 (-2.75%)

Fundamental Rating

4

CJT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 3 industry peers in the Air Freight & Logistics industry. CJT has a medium profitability rating, but doesn't score so well on its financial health evaluation. CJT is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

CJT had positive earnings in the past year.
In the past year CJT had a positive cash flow from operations.
CJT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CJT had a positive operating cash flow.
CJT.CA Yearly Net Income VS EBIT VS OCF VS FCFCJT.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 0 200M -200M

1.2 Ratios

CJT has a Return On Assets of 0.12%. This is in the better half of the industry: CJT outperforms 66.67% of its industry peers.
The Return On Equity of CJT (0.32%) is better than 66.67% of its industry peers.
CJT has a Return On Invested Capital of 3.57%. This is in the better half of the industry: CJT outperforms 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CJT is above the industry average of 3.25%.
Industry RankSector Rank
ROA 0.12%
ROE 0.32%
ROIC 3.57%
ROA(3y)7.55%
ROA(5y)3.31%
ROE(3y)17.48%
ROE(5y)1.3%
ROIC(3y)6.68%
ROIC(5y)7.25%
CJT.CA Yearly ROA, ROE, ROICCJT.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 -40

1.3 Margins

CJT's Profit Margin of 0.25% is fine compared to the rest of the industry. CJT outperforms 66.67% of its industry peers.
CJT's Profit Margin has been stable in the last couple of years.
The Operating Margin of CJT (7.83%) is better than 66.67% of its industry peers.
In the last couple of years the Operating Margin of CJT has declined.
CJT's Gross Margin of 18.15% is on the low side compared to the rest of the industry. CJT is outperformed by 66.67% of its industry peers.
In the last couple of years the Gross Margin of CJT has declined.
Industry RankSector Rank
OM 7.83%
PM (TTM) 0.25%
GM 18.15%
OM growth 3Y-30.96%
OM growth 5Y-11.27%
PM growth 3YN/A
PM growth 5Y-0.87%
GM growth 3Y-25.11%
GM growth 5Y-8.61%
CJT.CA Yearly Profit, Operating, Gross MarginsCJT.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30

3

2. Health

2.1 Basic Checks

CJT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CJT has less shares outstanding
CJT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CJT is higher compared to a year ago.
CJT.CA Yearly Shares OutstandingCJT.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
CJT.CA Yearly Total Debt VS Total AssetsCJT.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

CJT has an Altman-Z score of 1.59. This is a bad value and indicates that CJT is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.59, CJT is doing good in the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of CJT is 6.61, which is on the high side as it means it would take CJT, 6.61 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.61, CJT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.80 indicates that CJT is somewhat dependend on debt financing.
CJT has a Debt to Equity ratio of 0.80. This is in the better half of the industry: CJT outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 6.61
Altman-Z 1.59
ROIC/WACC0.43
WACC8.25%
CJT.CA Yearly LT Debt VS Equity VS FCFCJT.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 0.56 indicates that CJT may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.56, CJT is doing worse than 66.67% of the companies in the same industry.
CJT has a Quick Ratio of 0.56. This is a bad value and indicates that CJT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CJT (0.55) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.56
Quick Ratio 0.55
CJT.CA Yearly Current Assets VS Current LiabilitesCJT.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

5

3. Growth

3.1 Past

CJT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.06%.
CJT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.17% yearly.
Looking at the last year, CJT shows a small growth in Revenue. The Revenue has grown by 0.75% in the last year.
The Revenue has been growing by 14.04% on average over the past years. This is quite good.
EPS 1Y (TTM)6.06%
EPS 3YN/A
EPS 5Y5.17%
EPS Q2Q%393.33%
Revenue 1Y (TTM)0.75%
Revenue growth 3Y9.49%
Revenue growth 5Y14.04%
Sales Q2Q%14.77%

3.2 Future

CJT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.76% yearly.
Based on estimates for the next years, CJT will show a small growth in Revenue. The Revenue will grow by 7.29% on average per year.
EPS Next Y150.37%
EPS Next 2Y78.76%
EPS Next 3Y54.28%
EPS Next 5Y32.76%
Revenue Next Year8.49%
Revenue Next 2Y7.9%
Revenue Next 3Y6.79%
Revenue Next 5Y7.29%

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 accelerating.
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.
CJT.CA Yearly Revenue VS EstimatesCJT.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
CJT.CA Yearly EPS VS EstimatesCJT.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 -5 10

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 35.73, CJT can be considered very expensive at the moment.
CJT's Price/Earnings ratio is a bit cheaper when compared to the industry. CJT is cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.12, CJT is valued a bit more expensive.
A Price/Forward Earnings ratio of 18.25 indicates a rather expensive valuation of CJT.
66.67% of the companies in the same industry are cheaper than CJT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 94.77. CJT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 35.73
Fwd PE 18.25
CJT.CA Price Earnings VS Forward Price EarningsCJT.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CJT indicates a somewhat cheap valuation: CJT is cheaper than 66.67% of the companies listed in the same industry.
CJT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CJT is cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.78
EV/EBITDA 10.23
CJT.CA Per share dataCJT.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

CJT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CJT's earnings are expected to grow with 54.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)6.91
EPS Next 2Y78.76%
EPS Next 3Y54.28%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.13%, CJT has a reasonable but not impressive dividend return.
CJT's Dividend Yield is a higher than the industry average which is at 1.94.
Compared to an average S&P500 Dividend Yield of 2.29, CJT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.13%

5.2 History

The dividend of CJT is nicely growing with an annual growth rate of 6.98%!
CJT has paid a dividend for at least 10 years, which is a reliable track record.
CJT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.98%
Div Incr Years4
Div Non Decr Years15
CJT.CA Yearly Dividends per shareCJT.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

CJT pays out 886.96% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CJT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP886.96%
EPS Next 2Y78.76%
EPS Next 3Y54.28%
CJT.CA Yearly Income VS Free CF VS DividendCJT.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M -300M
CJT.CA Dividend Payout.CJT.CA Dividend Payout, showing the Payout Ratio.CJT.CA Dividend Payout.PayoutRetained Earnings

CARGOJET INC

TSX:CJT (2/7/2025, 7:00:00 PM)

112.54

-3.18 (-2.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)02-17 2025-02-17/amc
Inst Owners50.71%
Inst Owner ChangeN/A
Ins Owners0.83%
Ins Owner ChangeN/A
Market Cap1.78B
Analysts77.33
Price Target163.39 (45.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.13%
Yearly Dividend1.16
Dividend Growth(5Y)6.98%
DP886.96%
Div Incr Years4
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-42.33%
Min EPS beat(2)-105.11%
Max EPS beat(2)20.45%
EPS beat(4)2
Avg EPS beat(4)-6.11%
Min EPS beat(4)-117.11%
Max EPS beat(4)177.35%
EPS beat(8)2
Avg EPS beat(8)-20.15%
EPS beat(12)5
Avg EPS beat(12)31.85%
EPS beat(16)6
Avg EPS beat(16)-2.76%
Revenue beat(2)0
Avg Revenue beat(2)-2.28%
Min Revenue beat(2)-2.62%
Max Revenue beat(2)-1.95%
Revenue beat(4)0
Avg Revenue beat(4)-4.35%
Min Revenue beat(4)-11.51%
Max Revenue beat(4)-1.31%
Revenue beat(8)1
Avg Revenue beat(8)-4.01%
Revenue beat(12)4
Avg Revenue beat(12)-0.75%
Revenue beat(16)8
Avg Revenue beat(16)0.63%
PT rev (1m)-0.62%
PT rev (3m)-1.18%
EPS NQ rev (1m)3.78%
EPS NQ rev (3m)31.63%
EPS NY rev (1m)1.18%
EPS NY rev (3m)7.63%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)4.53%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 35.73
Fwd PE 18.25
P/S 1.92
P/FCF 16.78
P/OCF 6.96
P/B 2.51
P/tB 2.7
EV/EBITDA 10.23
EPS(TTM)3.15
EY2.8%
EPS(NY)6.17
Fwd EY5.48%
FCF(TTM)6.71
FCFY5.96%
OCF(TTM)16.17
OCFY14.37%
SpS58.61
BVpS44.91
TBVpS41.74
PEG (NY)0.24
PEG (5Y)6.91
Profitability
Industry RankSector Rank
ROA 0.12%
ROE 0.32%
ROCE 4.5%
ROIC 3.57%
ROICexc 3.59%
ROICexgc 3.7%
OM 7.83%
PM (TTM) 0.25%
GM 18.15%
FCFM 11.45%
ROA(3y)7.55%
ROA(5y)3.31%
ROE(3y)17.48%
ROE(5y)1.3%
ROIC(3y)6.68%
ROIC(5y)7.25%
ROICexc(3y)6.94%
ROICexc(5y)7.41%
ROICexgc(3y)7.18%
ROICexgc(5y)7.73%
ROCE(3y)8.41%
ROCE(5y)9.13%
ROICexcg growth 3Y-37.71%
ROICexcg growth 5Y-15.17%
ROICexc growth 3Y-37.26%
ROICexc growth 5Y-14.56%
OM growth 3Y-30.96%
OM growth 5Y-11.27%
PM growth 3YN/A
PM growth 5Y-0.87%
GM growth 3Y-25.11%
GM growth 5Y-8.61%
F-Score6
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 6.61
Debt/EBITDA 2.3
Cap/Depr 86.02%
Cap/Sales 16.15%
Interest Coverage 1.47
Cash Conversion 103.72%
Profit Quality 4626.09%
Current Ratio 0.56
Quick Ratio 0.55
Altman-Z 1.59
F-Score6
WACC8.25%
ROIC/WACC0.43
Cap/Depr(3y)257.16%
Cap/Depr(5y)227.58%
Cap/Sales(3y)43.13%
Cap/Sales(5y)39.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.06%
EPS 3YN/A
EPS 5Y5.17%
EPS Q2Q%393.33%
EPS Next Y150.37%
EPS Next 2Y78.76%
EPS Next 3Y54.28%
EPS Next 5Y32.76%
Revenue 1Y (TTM)0.75%
Revenue growth 3Y9.49%
Revenue growth 5Y14.04%
Sales Q2Q%14.77%
Revenue Next Year8.49%
Revenue Next 2Y7.9%
Revenue Next 3Y6.79%
Revenue Next 5Y7.29%
EBIT growth 1Y-28.49%
EBIT growth 3Y-24.41%
EBIT growth 5Y1.18%
EBIT Next Year180.88%
EBIT Next 3Y46.95%
EBIT Next 5Y27.61%
FCF growth 1Y144.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.85%
OCF growth 3Y-12.98%
OCF growth 5Y16.13%