Cargojet Inc T.CJT.DB.E

Primary Symbol: T.CJT Alternate Symbol(s): CGJTF | T.CJT.DB.F

Industrials

Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated aircraft to customers on an ACMI basis, operating between points in Canada, the United States, Mexico, South America, Asia and Europe. It also operates scheduled and ad hoc international routes for multiple cargo customers between United States and Bermuda, between Canada, United Kingdom and Germany; between Canada and Asia; and between Canada and Mexico. Its charter services include Go Now, dangerous goods, heavy & oversized cargo, humanitarian and relief, remote destinations, automotive, and oil and gas. The Company operates its network with its own cargo fleet of approximately 41 aircraft.

TSX:CJT - Post by User

Cargojet Inc > CIBC

<< Previous

Bullboard Posts

Next >>

Comment by DanielDarden123on Nov 05, 2022 1:05pm

109 Views

Post# 35075769

RE:CIBC

We derive our $203 price target by applying an adjusted EV/EBITDA multiple of 12x to our 2023 estimate. This multiple is in line with where the company has traded historically. We use pro forma adjusted net debt of $582MM.
My Take: At $130 presently it is trading at ~8x their ‘23 estimate. How long before most realize the value here? Recessions do end!

<< Previous

Bullboard Posts

Next >>

These cold weather stocks are looking to heat up for winter