# Cargojet Inc. (CJT.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Air Freight & Logistics. Price C$79.24, market value C$1.2 billion.

## Valuation
- **P/E (trailing): 25.6×** (5-yr avg 22.6×, 3-yr avg 28.2×). Cargojet Inc. trades at 25.6× trailing earnings, close to its own five-year average of 22.6×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 17.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.6×**. Enterprise value is 7.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.3%** (5-yr avg -4.6%). Free cash flow equals 7.3% of the market value, above its five-year average of -4.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Gross margin: 18.8%**. Cargojet Inc. keeps 18.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 9.9%**. 9.9% of revenue is left after running the business.
- **Net margin: 8.1%**. 8.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.8%**. 10.8% on shareholders' equity is solid.
- **Return on invested capital: 4.1%**. Return on all capital, debt included, is 4.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.2%**. Each dollar of assets produces 2.2% of profit.

## Growth
- **Revenue growth (1 yr): -0.8%** (3-yr 0.4%/yr, 5-yr 8.2%/yr). Revenue fell 0.8% over the last year, against 8.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -21.7%** (3-yr -17.7%/yr). Earnings per share fell 21.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.55**. Debt is 1.55 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.7×**. It would take 3.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.1×**. Operating profit covers interest 2.1×, thin but manageable.
- **Current ratio: 1.23** (quick 1.20). Current assets cover the next year's liabilities 1.23 times.
- **Altman Z-score: 1.66**. A Z-score of 1.66 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.94%** (C$1.47 per share, trailing). Cargojet Inc. yields 1.94%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 20%**. 20% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 8.4%/yr** (1-yr 5.3%). The dividend has grown 8.4% a year over five years.
- **Shareholder yield: 4.1%**. Dividends plus net buybacks return 4.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): -19.1%** (YTD -4.7%, 3-mo -2.4%). The shares are down 19.1% over twelve months including dividends.
- **From 52-week high: -22.9%** (20.8% above the low). Trading 23% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.85** (volatility 34%). Beta of 0.85 against the S&P/TSX Composite: the shares move roughly with the market.

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

Not investment advice.