Cargojet Inc
TSX:CJT

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Cargojet Inc
TSX:CJT
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Price: 79.4 CAD 1.03% Market Closed
Market Cap: CA$1.2B

P/B

1.6
Current
24%
Cheaper
vs 3-y average of 2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.6
=
Market Cap
CA$1.2B
/
Total Equity
CA$742.4m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.6
=
Market Cap
CA$1.2B
/
Total Equity
CA$742.4m

Valuation Scenarios

Cargojet Inc is trading below its 3-year average

If P/B returns to its 3-Year Average (2), the stock would be worth CA$104.25 (31% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+71%
Average Upside
45%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.6 CA$79.4
0%
3-Year Average 2 CA$104.25
+31%
5-Year Average 2.5 CA$126.57
+59%
Industry Average 1.9 CA$95.44
+20%
Country Average 2.7 CA$135.47
+71%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CA
Cargojet Inc
TSX:CJT
1.2B CAD 1.6 14.4
US
FedEx Corp
NYSE:FDX
93.3B USD 3.1 20.8
US
United Parcel Service Inc
NYSE:UPS
88.2B USD 5.4 15.8
DE
Deutsche Post AG
XETRA:DPW
53.3B EUR 2.3 9.9
DK
DSV A/S
CSE:DSV
392.8B DKK 3.3 48.5
CN
S.F. Holding Co Ltd
SZSE:002352
185.1B CNY 1.9 16.7
US
CH Robinson Worldwide Inc
NASDAQ:CHRW
22.3B USD 12.1 37.9
CN
ZTO Express (Cayman) Inc
HKEX:2057
159.9B HKD 2.1 15.3
US
Expeditors International of Washington Inc
NYSE:EXPD
19.7B USD 8.4 24.4
CN
JD Logistics Inc
HKEX:2618
101.2B HKD 1.6 13.3
KR
Hyundai Glovis Co Ltd
KRX:086280
17.6T KRW 1.7 10.1

Market Distribution

Lower than 71% of companies in Canada
Percentile
29th
Based on 3 061 companies
29th percentile
1.6
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

Cargojet Inc
Glance View

Cargojet Inc., a titan soaring through the skies of the Canadian air freight industry, epitomizes the seamless marriage between modern logistics and aviation. Established in 2002, the company has crafted a niche as the preeminent provider of time-sensitive overnight air cargo services. Headquartered in Mississauga, Ontario, Cargojet’s strategic position allows it to optimize its extensive network—spanning over a dozen Canadian cities—catering to the needs of businesses with impeccable precision. Cargojet is the lifeblood of e-commerce and supply chain solutions within Canada, operating more than 1,300 flights per month on its fleet of Boeing 767 and 757 aircraft, transforming the country into a well-connected network of commerce. The company's revenue model thrives on contracts and partnerships with major logistics firms, couriers, and other corporate clients, offering guarantees of timely and efficient delivery. Cargojet has effectively aligned its strategy with the burgeoning e-commerce industry, benefiting from its collaborations with major retailers and parcel delivery giants. This symbiotic relationship ensures almost boundless freight capacity during peak seasons, creating a robust cash flow and a dependable revenue stream. Through diversification and secure contractual agreements, Cargojet has not only established itself as a stalwart in overnight delivery but also positioned itself as a critical partner in the logistical frameworks that keep economies relentlessly ticking.

CJT Intrinsic Value
99.85 CAD
Undervaluation 20%
Intrinsic Value
Price CA$79.4
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