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Data-driven stock valuation

Cargojet Inc (CJT) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Cargojet Inc stock C$108, price C$95.12, upside +13.7%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CA · ISIN CA14179V5036

CI Cargojet Inc logo Broad data Nov 8, 2026

Cargojet Inc

CJT · TO
Speculative

The stock costs 12% less than our calculation considers fair.

Fair value C$108.12 · Undervalued
Generates free cash flow over the last twelve months
Broad data
Revenue last quarter +16% vs. a year ago.
Quality 48/100
Expensive Growth (revenue 5y +8.2 %/yr in CAD)
Thin margins · 4.5% net margin (TTM)
Moderate debt
1.5% dividend yield · Watch coverage
Mixed vs. peers (6/13)
Narrow moat 40/100 · thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$198.56 C$66.36 Fair Value C$108.12 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range C$66.36 – C$198.56 · fair‑value band C$75.69 – C$140.56 · the C$95.12 price screens below the C$108.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.

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Company profile

Cargojet Inc. provides time-sensitive overnight air cargo services and carries in Canada.

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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, North America, South America, and Europe.

The company also operates scheduled and ad hoc international routes for a range of cargo customers between the United States and Bermuda; Canada and Europe, Asia, and Mexico, the United Kingdom, and other international destinations.

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 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 aircraft.

Cargojet Inc. was founded in 2001 and is headquartered in Mississauga, Canada.

Stock analysis

Cargojet Inc (CJT) currently trades at C$95.12, while our model-based Fair Value estimate is C$108.12, implying the stock looks roughly 12% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of C$108.12 per share, and 5 of the 16 models we run sit above the C$95.12 price.

Bear case: the Dividend Discount group reads lowest at C$13.97, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.

Scenario range: C$75.69 (bear) to C$140.56 (bull), the price of C$95.12 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Cargojet Inc reported revenue of C$993M in FY2025 versus C$758M in FY2021, a compound +7.0%/yr. Reported net income was C$80.2M in FY2025, compounding −16.8%/yr from FY2021.

Key figures

Market cap C$1.4B (≈ $1.0B) Small · P/E ratio 31.9 · P/S ratio 1.37 · EPS (TTM) C$2.98 · Dividend yield 1.5% · Net margin 4.5% · Return on equity 6.3% · Return on assets (EBIT) 7.2% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).

What moves the price

The share trades about 2% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 15% fair-value upside, at 14%, CJT screens richer than that median.

Fair Value models

Bear C$75.69 Fair Value C$108.12 Bull C$140.56
Price C$95.12 · Upside +13.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$1.35 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income C$41.94 C$45.87 C$55.34 76
EPV n/a C$4.41 C$10.10 68
Gordon GGM C$8.21 C$14.54 C$19.74 68
All 16 models by family
Earnings-Based
Graham-Dodd C$36.85 C$182.91 C$252.30 64
Lynch FV C$49.35 C$70.50 C$91.65 61
PEG = 1.0 C$49.35 C$70.50 C$91.65 57
EPV n/a C$4.41 C$10.10 68
Dividend Discount
Gordon GGM C$8.21 C$14.54 C$19.74 68
DDM Multi-Stage C$8.21 C$13.40 C$15.56 67
Multiples
P/E Multiple C$85.35 C$113.80 C$142.25 63
P/S Multiple C$69.09 C$92.12 C$115.15 58
P/B Multiple C$157.83 C$210.44 C$263.05 55
EV/EBIT C$19.38 C$51.68 C$83.99 61
EV/EBITDA C$119.90 C$185.71 C$251.52 66
EV/Revenue n/a C$21.28 C$50.92 50
Asset-Based
NCAV (Graham) C$23.38 C$31.33 C$46.76 54
Economic Profit
Residual Income C$41.94 C$45.87 C$55.34 76
ROIC Compounder n/a C$4.41 C$10.10 68
Growth Earnings
Growth-Adj P/E C$75.69 C$108.12 C$140.56 67

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Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 34
Are margins and returns getting better?
Cashflow 46
Do the profits arrive as real cash?
Financial strength 23
Debt, balance sheet and risk of trouble
Investment 63
Does it invest with discipline instead of growing at any price?
Low Volatility 58
How calm the share price moves, does not count
Price momentum 62
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 86
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.2%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+1.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 0.2% / 37.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airlines · 52 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 48 · Above median
Fair Value upside +13.7% · Above median
Profitability
Return on equity (12 months) 6.3% · Below median
Return on assets 3.8% · Above median
Net margin (12 months) 4.5% · Below median
Operating margin (12 months) 11.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 15.8% · Above median
Dividend yield (12 months) 1.5% · Below median
Balance sheet
Debt / equity 1.09× · Above median

Valuation Multiplesvs Airlines median · lower = cheaper

P/E (12 months) 31.9× · Priciest 25%
P/B 1.91× · Cheaper than median
P/S (12 months) 1.37× · Priciest 25%
EV/EBITDA 8.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)52 · sector 47
FUTURE (revenue growth)79 · sector 72
PAST (return on equity)25 · sector 50
HEALTH (low debt)46 · sector 67
DIVIDEND (yield)29 · sector 51

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Airlines stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
InterGlobe Aviation Limited INDIGO ₹5,476 ₹11,831 +116% vs CJT
Ryanair Holdings RYA €25.69 €36.70 +43% vs CJT
United Airlines Holdings UAL $112.74 $148.87 +32% vs CJT
Deutsche Lufthansa AG LHA €8.44 €10.00 +18% vs CJT
Delta Air Lines, Inc DAL $87.20 $100.66 +15% vs CJT
Singapore Airlines Limited C6L 6.95 SGD 7.88 SGD +13% vs CJT
LATAM Airlines Group LTM $47.67 $37.62 −21% vs CJT
Cathay Pacific Airways Limited 0293 HK$15.06 HK$11.32 −25% vs CJT
China Southern Airlines Company 600029 ¥5.19 ¥3.44 −34% vs CJT
Southwest Airlines Co LUV $44.45 $22.81 −49% vs CJT

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Cite: Fair Value Calculator (2026). "Cargojet Inc Fair Value". https://www.fairvalue-calculator.com/stock/CJT

Frequently asked questions

Is Cargojet Inc (CJT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of C$108.12 versus a price of C$95.12, about +14% upside (undervalued).
What is the fair value of CJT?
Our model-based fair value for Cargojet Inc is C$108.12 (as of Nov 8, 2026), built from audited fundamentals. The current price: C$95.12.
What is the quality score of CJT?
Cargojet Inc has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cargojet Inc (CJT)?
Our model-based price target is the fair value of C$108.12 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario C$75.69, optimistic scenario C$140.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Cargojet Inc stock forecast for 2026?
Our models put fair value at C$108.12, about +14% upside versus a price of C$95.12 (undervalued). Cautious scenario C$75.69, optimistic scenario C$140.56. The calculation is refreshed regularly with new filings.
What is the revenue of Cargojet Inc (CJT)?
Cargojet Inc reported trailing-twelve-month revenue of about C$1.0B (latest available figure, as of Nov 8, 2026).
Does Cargojet Inc pay a dividend?
Cargojet Inc currently shows a dividend yield of 1.47% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Cargojet Inc (CJT) and when is the ex-dividend date?
Cargojet Inc pays a dividend of C$1.40 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Sep 18, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 56.0% of earnings (on adjusted earnings, reported 47.0%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Cargojet Inc (CJT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cargojet Inc it is C$108.12 per share (as of Nov 8, 2026), against a price of C$95.12. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Cargojet Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, CJT trades below its calculated fair value: price C$95.12, fair value C$108.12, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CJT?
No. The price is what the market pays today (C$95.12); the fair value is what the company's own numbers justify (C$108.12). For Cargojet Inc the two are C$13.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cargojet Inc worth?
The market values Cargojet Inc at about C$1.4B (market capitalisation, as of Nov 8, 2026). Per share that is C$95.12; our models calculate a fair value of C$108.12 per share.
What do the bullish and bearish scenarios say about CJT?
Our models span a range for Cargojet Inc: cautious scenario C$75.69, base C$108.12, optimistic C$140.56 per share (as of Nov 8, 2026, price C$95.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CJT?
Cargojet Inc trades at a price-to-earnings ratio of 31.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$108.12 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 21.4 (reported for FY2025: 17.9). Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 30.4. Other multiples: P/B 1.9, P/S 1.4, EV/EBITDA 8.7.
How solid is the balance sheet of Cargojet Inc (CJT)?
Balance-sheet figures for Cargojet Inc (as of Nov 8, 2026): return on equity 6.3%, debt of 1.09 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is CJT from its 52-week high?
Cargojet Inc trades at C$95.12, about 2% below its 52-week high of C$97.05 and 43% above the low of C$66.36 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$108.12 is for.
Which stocks are comparable to Cargojet Inc?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, InterGlobe Aviation Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cargojet Inc stock attractive at the current price?
The data as of Nov 8, 2026: price C$95.12, calculated fair value C$108.12 (+14%), Quality Score 48/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CJT calculated?
We run Cargojet Inc through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$108.12 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Cargojet Inc currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cargojet Inc (CJT)?
The closing price on Nov 6, 2026 was C$95.12. Our model-based fair value is C$108.12, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cargojet Inc right now?
A fairly wide model range (C$75.69 to C$140.56) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.

Key figures of Cargojet Inc

How large is the market capitalisation of Cargojet Inc (CJT)?
The market capitalisation of Cargojet Inc is C$1.4B (≈ $1.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cargojet Inc (CJT)?
The price-to-sales ratio of Cargojet Inc is 1.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cargojet Inc (CJT)?
Earnings per share at Cargojet Inc are C$2.98 (price ÷ EPS = P/E 31.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cargojet Inc (CJT)?
The dividend yield of Cargojet Inc is 1.5% (payout 56.0%, on adjusted earnings, reported 47.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cargojet Inc (CJT)?
The net margin of Cargojet Inc is 4.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cargojet Inc (CJT)?
The return on equity (ROE) of Cargojet Inc is 6.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cargojet Inc (CJT)?
On an EBIT basis the return on assets of Cargojet Inc is 7.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cargojet Inc (CJT)?
The operating margin of Cargojet Inc is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cargojet Inc (CJT)?
Revenue at Cargojet Inc is growing +15.8% versus a year earlier (3y avg +0.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cargojet Inc (CJT)?
Earnings per share at Cargojet Inc are growing −90.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cargojet Inc (CJT) generate?
The free cash flow of Cargojet Inc is −C$102M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cargojet Inc (CJT) carry?
The net debt of Cargojet Inc is C$1.1B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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