# Chorus Aviation Inc. (CHR.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Airlines. Price C$27.98, market value C$632 million.

## Valuation
- **P/E (trailing): 14.1×** (5-yr avg 13.1×, 3-yr avg 7.4×). Chorus Aviation Inc. trades at 14.1× trailing earnings, close to its own five-year average of 13.1×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 11.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.09**. A PEG of 0.09 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.2×**. Enterprise value is 5.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 19.3%** (5-yr avg 29.1%). Free cash flow equals 19.3% of the market value, below its five-year average of 29.1%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 7.1%**. The inverse of the P/E: 7.1% of the price is earned each year.

## Profitability
- **Gross margin: 16.2%**. Chorus Aviation Inc. keeps 16.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.7%**. 6.7% of revenue is left after running the business.
- **Net margin: 6.0%**. 6.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.5%**. 15.5% on shareholders' equity is solid.
- **Return on invested capital: 7.1%**. Return on all capital, debt included, is 7.1%.
- **Return on assets: 3.7%**. Each dollar of assets produces 3.7% of profit.

## Growth
- **Revenue growth (1 yr): -6.3%** (3-yr -6.2%/yr, 5-yr 6.8%/yr). Revenue fell 6.3% over the last year, against 6.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 129.8%** (3-yr 48.8%/yr, 5-yr 11.1%/yr). Earnings per share rose 129.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -49.6%/yr**. Free cash flow has compounded at -49.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.74**. Debt is 0.74 times equity, moderate leverage.
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.9×**. Operating profit covers interest 5.9× over, a safe margin.
- **Current ratio: 1.30** (quick 0.69). Current assets cover the next year's liabilities 1.30 times.
- **Altman Z-score: 2.34**. A Z-score of 2.34 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.57%** (C$0.41 per share, trailing). Chorus Aviation Inc. yields 1.57%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 5%** (7% of free cash flow). 5% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): -28.2%/yr**. The dividend has not grown over five years.
- **Shareholder yield: 14.0%**. Dividends plus net buybacks return 14.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 40.1%** (YTD 31.7%, 3-mo 17.7%). The shares are up 40.1% over twelve months including dividends.
- **From 52-week high: -8.9%** (43.0% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.42** (volatility 28%). Beta of 0.42 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CHR.TO · Page: https://foliofundamentals.com/stocks/chr.to

Not investment advice.