Chorus Aviation EBITDA vs. Net Income

CHR Stock  CAD 3.33  0.02  0.60%   
Considering Chorus Aviation's profitability and operating efficiency indicators, Chorus Aviation's profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess Chorus Aviation's ability to earn profits and add value for shareholders.
 
EBITDA  
First Reported
2010-12-31
Previous Quarter
471.9 M
Current Value
249.9 M
Quarterly Volatility
118.9 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Chorus Aviation's Price To Sales Ratio is very stable compared to the past year. As of the 28th of November 2024, Days Sales Outstanding is likely to grow to 52.74, while EV To Sales is likely to drop 0.96. At this time, Chorus Aviation's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 28th of November 2024, Income Tax Expense is likely to grow to about 56.5 M, while Operating Income is likely to drop about 142.8 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.320.2627
Fairly Up
Pretty Stable
Operating Profit Margin0.160.1561
Fairly Up
Slightly volatile
For Chorus Aviation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Chorus Aviation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Chorus Aviation utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Chorus Aviation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Chorus Aviation over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities.
Please note, there is a significant difference between Chorus Aviation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chorus Aviation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chorus Aviation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Chorus Aviation Net Income vs. EBITDA Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Chorus Aviation's current stock value. Our valuation model uses many indicators to compare Chorus Aviation value to that of its competitors to determine the firm's financial worth.
Chorus Aviation is number one stock in ebitda category among its peers. It also is number one stock in net income category among its peers making up about  0.21  of Net Income per EBITDA. The ratio of EBITDA to Net Income for Chorus Aviation is roughly  4.66 . At this time, Chorus Aviation's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Chorus Aviation by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Chorus Aviation's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Chorus Net Income vs. EBITDA

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Chorus Aviation

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
471.94 M
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Chorus Aviation

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
101.35 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Chorus Net Income Comparison

Chorus Aviation is currently under evaluation in net income category among its peers.

Chorus Aviation Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Chorus Aviation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Chorus Aviation will eventually generate negative long term returns. The profitability progress is the general direction of Chorus Aviation's change in net profit over the period of time. It can combine multiple indicators of Chorus Aviation, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income27.4 M28.7 M
Operating Income262.4 M142.8 M
Income Before Tax159.9 M89.8 M
Total Other Income Expense Net-102.4 M-97.3 M
Net Income101.4 M73.5 M
Income Tax Expense53.8 M56.5 M
Net Income From Continuing Ops106.1 M59.8 M
Net Income Applicable To Common Shares23.4 M22.2 M
Interest Income6.1 M5.8 M
Net Interest Income-98.5 M-103.4 M
Change To Netincome15.9 M31.7 M
Net Income Per Share 0.52  0.67 
Income Quality 2.96  3.10 
Net Income Per E B T 0.63  0.98 

Chorus Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Chorus Aviation. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Chorus Aviation position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Chorus Aviation's important profitability drivers and their relationship over time.

Use Chorus Aviation in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chorus Aviation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chorus Aviation will appreciate offsetting losses from the drop in the long position's value.

Chorus Aviation Pair Trading

Chorus Aviation Pair Trading Analysis

The ability to find closely correlated positions to Chorus Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorus Aviation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chorus Aviation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chorus Aviation to buy it.
The correlation of Chorus Aviation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chorus Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chorus Aviation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chorus Aviation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Chorus Aviation position

In addition to having Chorus Aviation in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Utilities Thematic Idea Now

Utilities
Utilities Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Chorus Stock

To fully project Chorus Aviation's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Chorus Aviation at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Chorus Aviation's income statement, its balance sheet, and the statement of cash flows.
Potential Chorus Aviation investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Chorus Aviation investors may work on each financial statement separately, they are all related. The changes in Chorus Aviation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chorus Aviation's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.