Cargojet Inc. provides time-sensitive overnight air cargo services and carries in Canada. It operates domestic air cargo network services between Canadian cities; and provides aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, the United States, Mexico, South America, Europe and Asia. The company also operates scheduled and ad hoc international routes for a range of cargo customers between the United States and Bermuda; Canada, the United Kingdom, and Germany; Canada and Asia; and Canada and Mexico. In addition, it offers domestic air cargo services for various international airlines between points in Canada that connect airlines’ gateways to Canada; aircraft to customers on an ad hoc and scheduled basis; cargo and passenger charters in weekends; operates ad hoc charter business for cargo targets, including livestock shipments, military equipment, emergency relief supplies, and virtually any large shipments in North America, the Caribbean, and Europe. Further, the company is involved in the aircraft operation and maintenance, flight planning and dispatch, crew planning and training, ground handling, and commercial airline cargo management businesses. It operates a fleet of 41 aircrafts. Cargojet Inc. was founded in 2001 and is headquartered in Mississauga, Canada.
E-commerce Catalyst | Cargojet's Q2 2024 performance shows resilience in flight hours, driven by positive e-commerce trends, marking a shift from previous quarters' challenges |
Industry Flux | Explore the dichotomy between e-commerce growth and traditional freight sluggishness, presenting both opportunities and challenges for Cargojet's business model |
Capacity Conundrum | Delve into the potential oversupply of cargo space as passenger flights recover, creating pricing pressures that Cargojet must navigate to maintain profitability |
Valuation Debate | Analysts set a $120 price target against Cargojet's $133 market price, reflecting ongoing discussions about growth potential amid industry uncertainties |
Metrics to compare | CJT | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipCJTPeersSector | |
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P/E Ratio | 12.9x | 16.5x | 11.9x | |
PEG Ratio | 0.05 | −0.40 | 0.03 | |
Price/Book | 2.0x | 2.0x | 1.4x | |
Price / LTM Sales | 1.6x | 0.5x | 1.2x | |
Upside (Analyst Target) | 60.1% | 10.8% | 19.2% | |
Fair Value Upside | Unlock | 13.1% | 8.6% | Unlock |