Cargojet Revenue vs. Price To Book
| CJT Stock | CAD 122.47 0.93 0.77% |
Total Revenue | First Reported 2006-03-31 | Previous Quarter 230.8 M | Current Value 245.6 M | Quarterly Volatility 72.1 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.18 | 0.1551 |
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For Cargojet profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cargojet to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cargojet utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cargojet's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cargojet over time as well as its relative position and ranking within its peers.
Cargojet |
Cargojet Price To Book vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cargojet's current stock value. Our valuation model uses many indicators to compare Cargojet value to that of its competitors to determine the firm's financial worth. Cargojet is the top company in revenue category among its peers. It is rated third in price to book category among its peers . The ratio of Revenue to Price To Book for Cargojet is about 319,975,204 . At this time, Cargojet's Total Revenue is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Cargojet by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cargojet'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.Cargojet Revenue vs. Competition
Cargojet is the top company in revenue category among its peers. Market size based on revenue of Industrials industry is currently estimated at about 18.93 Billion. Cargojet holds roughly 877.5 Million in revenue claiming about 5% of equities under Industrials industry.
Cargojet Price To Book vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Cargojet |
| = | 877.5 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Cargojet |
| = | 2.74 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Cargojet Price To Book Comparison
Cargojet is currently under evaluation in price to book category among its peers.
Cargojet Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cargojet, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cargojet will eventually generate negative long term returns. The profitability progress is the general direction of Cargojet's change in net profit over the period of time. It can combine multiple indicators of Cargojet, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 15.1 M | 15.8 M | |
| Operating Income | 64.7 M | 48.4 M | |
| Income Before Tax | 51.8 M | 30.3 M | |
| Net Income | 37.3 M | 21.6 M | |
| Income Tax Expense | 14.4 M | 8.4 M | |
| Total Other Income Expense Net | -12.9 M | -13.5 M | |
| Net Income From Continuing Ops | 37.3 M | 34.1 M | |
| Net Income Applicable To Common Shares | 219.2 M | 230.1 M | |
| Net Interest Income | -56.8 M | -54 M | |
| Interest Income | 3.7 M | 3.9 M | |
| Change To Netincome | -53.5 M | -50.8 M | |
| Net Income Per Share | 2.17 | 2.28 | |
| Income Quality | 5.17 | 5.43 | |
| Net Income Per E B T | 0.72 | 0.57 |
Cargojet Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cargojet. 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 Cargojet 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 Cargojet's important profitability drivers and their relationship over time.
Use Cargojet 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 Cargojet 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 Cargojet will appreciate offsetting losses from the drop in the long position's value.Cargojet Pair Trading
Cargojet Pair Trading Analysis
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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.Use Investing Themes to Complement your Cargojet position
In addition to having Cargojet 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?
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Other Information on Investing in Cargojet Stock
To fully project Cargojet's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cargojet 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 Cargojet's income statement, its balance sheet, and the statement of cash flows.