Air Canada T.AC

How low it is (adjusted) ?

[Tempo1]

On an individual share basis we are at 30% above the lower 7 years low closing (12,90$). For an investor, this metric is used for calculate its return. 

But in a financial basis, adjustments have to be made for dilution;  there was 263 M shares in 2019 and we are now at 358 M, an 36% increase. So, in 2019, AC was most if the year around 45$ for a market cap of 11,8 B$. At 16,66$ today, the market cap is 5,96 B$  slightly above 50% of the 2019 market cap. 

The 2019 EBITDA was 3,6B$ and the estimated EBITDA for 2024 full year is 3,7- 4,2 B$.  

The 2019 debt leverage was 0,8x and the Q1 2024 one is 0,9x.

Half price for comparables pictures.

It's a rule of thumb method, but sometimes simple rule talks more than elaborated ones.

[DrInvestor]

The point here is that we should be trading between $25-30 right now. 

[thinkyourmoney]

From this article and the "Overly Paralyzed" article, the concepts send my mind spinning with How Stupid a $17 valuation is for AC shares.   CIBC outlines that Air Canada has lots of room to grow into its North American network.  In case you have not noticed our immigrants come here and there is no choice  from their families they left behind.  Our new people

[Nordico]

Good post (much like Temp's). I've doubled my AC position - which I started in Feb - over the past week, and my last lot of 2700 shares I purchased on Tuesday immediately after looking at the month's Short data (almost half of daily volume in June has been short-sales, leading up to this week). The shorts have turned this into a huge reverse-bubble, and I've been happy to load up

[Tempo1]

Sometimes, the stock market offer no risk (or so little) propositions like this. The only unknown remains the exact moment when it will rise.