CANADIAN NATL RAILWAY CO (CNR.CA) Fundamental Analysis & Valuation

TSX:CNR • CA1363751027

Current stock price

152.26 CAD
+0.16 (+0.11%)
Last:

This CNR.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. CNR.CA Profitability Analysis

1.1 Basic Checks

  • In the past year CNR was profitable.
  • In the past year CNR had a positive cash flow from operations.
  • In the past 5 years CNR has always been profitable.
  • In the past 5 years CNR always reported a positive cash flow from operatings.
CNR.CA Yearly Net Income VS EBIT VS OCF VS FCFCNR.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • CNR has a better Return On Assets (8.06%) than 83.33% of its industry peers.
  • Looking at the Return On Equity, with a value of 21.88%, CNR belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 9.07%, CNR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • CNR had an Average Return On Invested Capital over the past 3 years of 9.35%. This is above the industry average of 6.96%.
Industry RankSector Rank
ROA 8.06%
ROE 21.88%
ROIC 9.07%
ROA(3y)8.85%
ROA(5y)9.34%
ROE(3y)23.66%
ROE(5y)23.28%
ROIC(3y)9.35%
ROIC(5y)9.63%
CNR.CA Yearly ROA, ROE, ROICCNR.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • CNR has a Profit Margin of 27.28%. This is amongst the best in the industry. CNR outperforms 83.33% of its industry peers.
  • In the last couple of years the Profit Margin of CNR has remained more or less at the same level.
  • The Operating Margin of CNR (38.07%) is better than 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of CNR has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 76.35%, CNR belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • CNR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 38.07%
PM (TTM) 27.28%
GM 76.35%
OM growth 3Y-1.62%
OM growth 5Y-0.01%
PM growth 3Y-3.03%
PM growth 5Y1.14%
GM growth 3Y1.75%
GM growth 5Y0.07%
CNR.CA Yearly Profit, Operating, Gross MarginsCNR.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. CNR.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CNR is creating some value.
  • The number of shares outstanding for CNR has been reduced compared to 1 year ago.
  • The number of shares outstanding for CNR has been reduced compared to 5 years ago.
  • The debt/assets ratio for CNR has been reduced compared to a year ago.
CNR.CA Yearly Shares OutstandingCNR.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
CNR.CA Yearly Total Debt VS Total AssetsCNR.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 2.60 indicates that CNR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.60, CNR belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • The Debt to FCF ratio of CNR is 6.25, which is on the high side as it means it would take CNR, 6.25 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 6.25, CNR is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.95 indicates that CNR is somewhat dependend on debt financing.
  • CNR has a Debt to Equity ratio of 0.95. This is in the lower half of the industry: CNR underperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 6.25
Altman-Z 2.6
ROIC/WACC1
WACC9.11%
CNR.CA Yearly LT Debt VS Equity VS FCFCNR.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.67 indicates that CNR may have some problems paying its short term obligations.
  • CNR has a Current ratio (0.67) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.47 indicates that CNR may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.47, CNR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.47
CNR.CA Yearly Current Assets VS Current LiabilitesCNR.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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4

3. CNR.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.46% over the past year.
  • CNR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.52% yearly.
  • The Revenue has been growing slightly by 1.51% in the past year.
  • CNR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.60% yearly.
EPS 1Y (TTM)7.46%
EPS 3Y0.66%
EPS 5Y7.52%
EPS Q2Q%14.29%
Revenue 1Y (TTM)1.51%
Revenue growth 3Y0.38%
Revenue growth 5Y4.6%
Sales Q2Q%2.43%

3.2 Future

  • CNR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.48% yearly.
  • CNR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.93% yearly.
EPS Next Y3.97%
EPS Next 2Y7.28%
EPS Next 3Y8.19%
EPS Next 5Y10.48%
Revenue Next Year2.28%
Revenue Next 2Y3.59%
Revenue Next 3Y3.95%
Revenue Next 5Y4.93%

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 stable.
CNR.CA Yearly Revenue VS EstimatesCNR.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
CNR.CA Yearly EPS VS EstimatesCNR.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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4

4. CNR.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • CNR is valuated rather expensively with a Price/Earnings ratio of 19.96.
  • 66.67% of the companies in the same industry are more expensive than CNR, based on the Price/Earnings ratio.
  • CNR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 19.19 indicates a rather expensive valuation of CNR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CNR indicates a somewhat cheap valuation: CNR is cheaper than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. CNR is around the same levels.
Industry RankSector Rank
PE 19.96
Fwd PE 19.19
CNR.CA Price Earnings VS Forward Price EarningsCNR.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • CNR's Enterprise Value to EBITDA ratio is in line with the industry average.
  • CNR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 27.45
EV/EBITDA 13.34
CNR.CA Per share dataCNR.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CNR does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of CNR may justify a higher PE ratio.
PEG (NY)5.02
PEG (5Y)2.65
EPS Next 2Y7.28%
EPS Next 3Y8.19%

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7

5. CNR.CA Dividend Analysis

5.1 Amount

  • CNR has a Yearly Dividend Yield of 2.60%.
  • CNR's Dividend Yield is rather good when compared to the industry average which is at 1.71. CNR pays more dividend than 83.33% of the companies in the same industry.
  • CNR's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.6%

5.2 History

  • On average, the dividend of CNR grows each year by 9.13%, which is quite nice.
  • CNR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CNR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.13%
Div Incr Years29
Div Non Decr Years29
CNR.CA Yearly Dividends per shareCNR.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • CNR pays out 46.78% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of CNR is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP46.78%
EPS Next 2Y7.28%
EPS Next 3Y8.19%
CNR.CA Yearly Income VS Free CF VS DividendCNR.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CNR.CA Dividend Payout.CNR.CA Dividend Payout, showing the Payout Ratio.CNR.CA Dividend Payout.PayoutRetained Earnings

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CNR.CA Fundamentals: All Metrics, Ratios and Statistics

CANADIAN NATL RAILWAY CO

TSX:CNR (4/10/2026, 7:00:00 PM)

152.26

+0.16 (+0.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners74.37%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap93.09B
Revenue(TTM)17.30B
Net Income(TTM)4.72B
Analysts72.14
Price Target160.57 (5.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
Yearly Dividend3.56
Dividend Growth(5Y)9.13%
DP46.78%
Div Incr Years29
Div Non Decr Years29
Ex-Date03-10
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.03%
Min EPS beat(2)2.21%
Max EPS beat(2)3.84%
EPS beat(4)3
Avg EPS beat(4)1.97%
Min EPS beat(4)-0.91%
Max EPS beat(4)3.84%
EPS beat(8)3
Avg EPS beat(8)-1.07%
EPS beat(12)5
Avg EPS beat(12)-0.84%
EPS beat(16)7
Avg EPS beat(16)-0.07%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)-0.65%
Revenue beat(4)0
Avg Revenue beat(4)-1.21%
Min Revenue beat(4)-2.53%
Max Revenue beat(4)-0.5%
Revenue beat(8)0
Avg Revenue beat(8)-1.59%
Revenue beat(12)2
Avg Revenue beat(12)-1.52%
Revenue beat(16)5
Avg Revenue beat(16)-0.54%
PT rev (1m)1.11%
PT rev (3m)0.08%
EPS NQ rev (1m)0.34%
EPS NQ rev (3m)-4.54%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.59%
Revenue NQ rev (1m)0.51%
Revenue NQ rev (3m)-3.29%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)-1.41%
Valuation
Industry RankSector Rank
PE 19.96
Fwd PE 19.19
P/S 5.38
P/FCF 27.45
P/OCF 13.21
P/B 4.32
P/tB 4.36
EV/EBITDA 13.34
EPS(TTM)7.63
EY5.01%
EPS(NY)7.93
Fwd EY5.21%
FCF(TTM)5.55
FCFY3.64%
OCF(TTM)11.53
OCFY7.57%
SpS28.3
BVpS35.28
TBVpS34.92
PEG (NY)5.02
PEG (5Y)2.65
Graham Number77.82
Profitability
Industry RankSector Rank
ROA 8.06%
ROE 21.88%
ROCE 12.01%
ROIC 9.07%
ROICexc 9.12%
ROICexgc 9.16%
OM 38.07%
PM (TTM) 27.28%
GM 76.35%
FCFM 19.6%
ROA(3y)8.85%
ROA(5y)9.34%
ROE(3y)23.66%
ROE(5y)23.28%
ROIC(3y)9.35%
ROIC(5y)9.63%
ROICexc(3y)9.43%
ROICexc(5y)9.73%
ROICexgc(3y)9.46%
ROICexgc(5y)9.77%
ROCE(3y)12.59%
ROCE(5y)12.93%
ROICexgc growth 3Y-5.89%
ROICexgc growth 5Y-1.26%
ROICexc growth 3Y-5.88%
ROICexc growth 5Y-1.24%
OM growth 3Y-1.62%
OM growth 5Y-0.01%
PM growth 3Y-3.03%
PM growth 5Y1.14%
GM growth 3Y1.75%
GM growth 5Y0.07%
F-Score7
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 6.25
Debt/EBITDA 2.4
Cap/Depr 188.75%
Cap/Sales 21.14%
Interest Coverage 6.73
Cash Conversion 82.69%
Profit Quality 71.84%
Current Ratio 0.67
Quick Ratio 0.47
Altman-Z 2.6
F-Score7
WACC9.11%
ROIC/WACC1
Cap/Depr(3y)183.91%
Cap/Depr(5y)178.34%
Cap/Sales(3y)20.3%
Cap/Sales(5y)19.39%
Profit Quality(3y)69.94%
Profit Quality(5y)73.95%
High Growth Momentum
Growth
EPS 1Y (TTM)7.46%
EPS 3Y0.66%
EPS 5Y7.52%
EPS Q2Q%14.29%
EPS Next Y3.97%
EPS Next 2Y7.28%
EPS Next 3Y8.19%
EPS Next 5Y10.48%
Revenue 1Y (TTM)1.51%
Revenue growth 3Y0.38%
Revenue growth 5Y4.6%
Sales Q2Q%2.43%
Revenue Next Year2.28%
Revenue Next 2Y3.59%
Revenue Next 3Y3.95%
Revenue Next 5Y4.93%
EBIT growth 1Y4.14%
EBIT growth 3Y-1.25%
EBIT growth 5Y4.59%
EBIT Next Year35.09%
EBIT Next 3Y14.62%
EBIT Next 5Y12.45%
FCF growth 1Y7.65%
FCF growth 3Y-4.69%
FCF growth 5Y0.53%
OCF growth 1Y5.22%
OCF growth 3Y1.87%
OCF growth 5Y2.72%

CANADIAN NATL RAILWAY CO / CNR.CA Fundamental Analysis FAQ

What is the fundamental rating for CNR stock?

ChartMill assigns a fundamental rating of 5 / 10 to CNR.CA.


What is the valuation status of CANADIAN NATL RAILWAY CO (CNR.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to CANADIAN NATL RAILWAY CO (CNR.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for CANADIAN NATL RAILWAY CO?

CANADIAN NATL RAILWAY CO (CNR.CA) has a profitability rating of 8 / 10.


What is the valuation of CANADIAN NATL RAILWAY CO based on its PE and PB ratios?

The Price/Earnings (PE) ratio for CANADIAN NATL RAILWAY CO (CNR.CA) is 19.96 and the Price/Book (PB) ratio is 4.32.


What is the earnings growth outlook for CANADIAN NATL RAILWAY CO?

The Earnings per Share (EPS) of CANADIAN NATL RAILWAY CO (CNR.CA) is expected to grow by 3.97% in the next year.