Chemtrade Logistics Income Fund (CHE-UN) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Chemtrade Logistics Income Fund stock C$16.47, price C$14.92, upside +10.4%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range C$4.42 – C$18.34 · fair‑value band C$8.59 – C$22.45 · the C$14.92 price screens below the C$16.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 14, 2026.
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Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and Brazil. It operates through the Sulphur and Water Chemicals (SWC), and Electrochemicals (EC) segments.
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The company offers sulphuric acid products, including merchant, regen, and ultrapure acid; emulsified, molten, and prilled sulphur; ammonium sulphate, carbon disulphide, hydrogen sulphide, liquid sulphur dioxide, sodium bisulphite, sodium hydrosulphite, and zinc oxide; coagulants comprising aluminum chloride and chlorohydrate, aluminum and ferric sulphate, polyaluminum chloride and chlorosulphate, polyaluminum silicate sulphate, and sodium aluminate; poultry litter amendment; and water treatment products, such as liquid ammonium sulphate, calcium hydroxide slurry, and copper sulphate.
It also provides specialty chemicals, comprising phosphorus pentasulphide and sodium nitrite; chlor-alkali products, such as caustic soda, chlorine, and hydrochloric acid; and sodium chlorate.
In addition, the company offers spent acid processing services; and industrial services, such as processing by-products and waste streams.
Its products are used in chemical, pulp and paper, semiconductors, metal, food and beverage, textile, poultry, agriculture, water treatment, battery, oil and gas, and mining industries. Chemtrade Logistics Income Fund was incorporated in 2001 and is headquartered in Toronto, Canada.
Stock analysis
Chemtrade Logistics Income Fund (CHE-UN) currently trades at C$14.92, while our model-based Fair Value estimate is C$16.47, implying the stock looks roughly 9.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of C$21.13 per share, and 17 of the 26 models we run sit above the C$14.92 price.
Bear case: the Dividend Discount group reads lowest at C$8.45, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$8.59 (bear) to C$22.45 (bull), the price of C$14.92 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 50/100 (below-average quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Chemtrade Logistics Income Fund reported revenue of C$2.0B in FY2025 versus C$1.4B in FY2021, a compound +9.9%/yr. Reported net income was C$139M in FY2025.
Key figures
Market cap C$2.1B (≈ $1.5B) Small · P/E ratio 11.7 · P/S ratio 0.69 · EPS (TTM) C$1.27 · Dividend yield 4.6% · Net margin 7.0% · Return on equity 19.4% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −30% fair-value upside, at 10%, CHE-UN screens cheaper than that median.
Fair Value models
BearC$8.59Fair Value C$16.47BullC$22.45
Price C$14.92 · Upside +10.4%
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$0.4656 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
FCF DCFC$11.43C$20.40C$32.3678
Growth DCFC$11.52C$19.26C$28.9277
Residual IncomeC$6.99C$8.80C$12.3475
All 26 models by family
DCF Models
FCF DCFC$11.43C$20.40C$32.3678
Owner EarningsC$7.49C$14.70C$24.3074
5Y Revenue ExitC$10.11C$20.38C$33.3970
5Y EBITDA ExitC$18.02C$35.25C$55.3973
5Y P/E ExitC$7.89C$16.22C$24.8569
10Y Revenue ExitC$9.95C$18.89C$30.7365
10Y EBITDA ExitC$15.01C$28.27C$46.0166
10Y P/E ExitC$9.14C$16.26C$24.8063
Earnings-Based
Graham-DoddC$8.45C$27.02C$36.0464
Lynch FVC$5.98C$8.54C$11.1061
PEG = 1.0C$5.98C$8.54C$11.1057
EPVC$10.70C$13.28C$15.4274
Dividend Discount
Gordon GGMC$5.39C$9.62C$13.1468
DDM Multi-StageC$5.39C$8.45C$10.2967
Multiples
P/E MultipleC$15.85C$21.13C$26.4163
P/S MultipleC$15.85C$21.13C$26.4158
P/B MultipleC$0.8800C$1.17C$1.4755
EV/EBITC$16.78C$26.25C$35.7265
EV/EBITDAC$23.38C$35.05C$46.7266
EV/RevenueC$7.08C$15.09C$23.1151
Asset-Based
NCAV (Graham)C$0.2000C$0.2600C$0.390054
Growth DCF
Growth DCFC$11.52C$19.26C$28.9277
Rev-Margin DCFC$10.11C$20.49C$32.5370
Economic Profit
Residual IncomeC$6.99C$8.80C$12.3475
ROIC CompounderC$11.42C$15.60C$20.3472
Growth Earnings
Growth-Adj P/EC$13.57C$19.38C$25.2067
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.8%
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.
+3.3%
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.
+7.7%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 24 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.
+13.5%
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What shareholders gained per year (last 3 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 3 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.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.7%
Dividend (yield on the price)4.6%
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.−10% → 15%
⚠ Revenue per share shrinking 5.2%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +7.8% a year for the price and +2.5% for the forecasts.
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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.Chemicals · 340 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+10.4% · Above median
Profitability
Return on equity (12 months)19.4% · Top 25%
Return on assets5.5% · Above median
Net margin (12 months)7.0% · Above median
Operating margin (12 months)11.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)4.6% · Top 25%
Balance sheet
Debt / equity1.27× · Highest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chemtrade Logistics Income Fund Fair Value". https://www.fairvalue-calculator.com/stock/CHE-UN
Frequently asked questions
Is Chemtrade Logistics Income Fund (CHE-UN) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of C$16.47 versus a price of C$14.92, about +10% upside (undervalued).
What is the fair value of CHE-UN?
Our model-based fair value for Chemtrade Logistics Income Fund is C$16.47 (as of Oct 14, 2026), built from audited fundamentals. The current price: C$14.92.
What is the quality score of CHE-UN?
Chemtrade Logistics Income Fund has a Quality Score of 50/100. 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 Chemtrade Logistics Income Fund (CHE-UN)?
Our model-based price target is the fair value of C$16.47 (as of Oct 14, 2026) from 26 valuation models. Cautious scenario C$8.59, optimistic scenario C$22.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Chemtrade Logistics Income Fund stock forecast for 2026?
Our models put fair value at C$16.47, about +10% upside versus a price of C$14.92 (undervalued). Cautious scenario C$8.59, optimistic scenario C$22.45. The calculation is refreshed regularly with new filings.
What is the revenue of Chemtrade Logistics Income Fund (CHE-UN)?
Chemtrade Logistics Income Fund reported trailing-twelve-month revenue of about C$2.1B (latest available figure, as of Oct 14, 2026).
Does Chemtrade Logistics Income Fund pay a dividend?
Chemtrade Logistics Income Fund currently shows a dividend yield of 4.62% relative to its recent price (as of Oct 14, 2026).
What growth is priced into Chemtrade Logistics Income Fund (CHE-UN)?
For today's price to be fair in a discounted-cash-flow model, Chemtrade Logistics Income Fund would have to grow free cash flow by +10.1 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of CHE-UN use?
Our models discount Chemtrade Logistics Income Fund at 11.2 %: a base by market capitalisation (small), damped by beta 1.06, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chemtrade Logistics Income Fund that is +10.1 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Chemtrade Logistics Income Fund (CHE-UN) delivered so far?
Over the past 5 years revenue at Chemtrade Logistics Income Fund grew +7.7 % a year. The price currently implies +10.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chemtrade Logistics Income Fund (CHE-UN) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Chemtrade Logistics Income Fund (+10.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chemtrade Logistics Income Fund (CHE-UN)?
The free-cash-flow yield on the price is 8.64 %: that much free cash flow Chemtrade Logistics Income Fund produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chemtrade Logistics Income Fund (CHE-UN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chemtrade Logistics Income Fund it is C$16.47 per share (as of Oct 14, 2026), against a price of C$14.92. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chemtrade Logistics Income Fund stock overvalued or undervalued in 2026?
As of Oct 14, 2026, CHE-UN trades below its calculated fair value: price C$14.92, fair value C$16.47, a gap of about +10% (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 CHE-UN?
No. The price is what the market pays today (C$14.92); the fair value is what the company's own numbers justify (C$16.47). For Chemtrade Logistics Income Fund the two are C$1.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chemtrade Logistics Income Fund worth?
The market values Chemtrade Logistics Income Fund at about C$2.1B (market capitalisation, as of Oct 14, 2026). Per share that is C$14.92; our models calculate a fair value of C$16.47 per share.
What do the bullish and bearish scenarios say about CHE-UN?
Our models span a range for Chemtrade Logistics Income Fund: cautious scenario C$8.59, base C$16.47, optimistic C$22.45 per share (as of Oct 14, 2026, price C$14.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHE-UN?
Chemtrade Logistics Income Fund trades at a price-to-earnings ratio of 11.7 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$16.47 is built from several models across several years. Other multiples: P/B 1.9, P/S 0.7, EV/EBITDA 5.7.
How solid is the balance sheet of Chemtrade Logistics Income Fund (CHE-UN)?
Balance-sheet figures for Chemtrade Logistics Income Fund (as of Oct 14, 2026): return on equity 19.4%, debt of 1.27 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is CHE-UN from its 52-week high?
Chemtrade Logistics Income Fund trades at C$14.92, about 19% below its 52-week high of C$18.34 and 16% above the low of C$12.90 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of C$16.47 is for.
Which stocks are comparable to Chemtrade Logistics Income Fund?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, Rongsheng Petrochemical Co, 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 Chemtrade Logistics Income Fund stock attractive at the current price?
The data as of Oct 14, 2026: price C$14.92, calculated fair value C$16.47 (+10%), Quality Score 50/100, from 26 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 CHE-UN calculated?
We run Chemtrade Logistics Income Fund through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$16.47, 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 13.9 % above its aggregate fair value. Chemtrade Logistics Income Fund currently trades 9 % 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 Chemtrade Logistics Income Fund (CHE-UN)?
The closing price on Oct 19, 2026 was C$14.92. Our model-based fair value is C$16.47, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chemtrade Logistics Income Fund right now?
The model range is unusually wide (C$8.59 to C$22.45). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Chemtrade Logistics Income Fund
How large is the market capitalisation of Chemtrade Logistics Income Fund (CHE-UN)?
The market capitalisation of Chemtrade Logistics Income Fund is C$2.1B (≈ $1.5B). 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 Chemtrade Logistics Income Fund (CHE-UN)?
The price-to-sales ratio of Chemtrade Logistics Income Fund is 0.69 (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 Chemtrade Logistics Income Fund (CHE-UN)?
Earnings per share at Chemtrade Logistics Income Fund are C$1.27 (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chemtrade Logistics Income Fund (CHE-UN)?
The dividend yield of Chemtrade Logistics Income Fund is 4.6% (payout 54.3%). 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 Chemtrade Logistics Income Fund (CHE-UN)?
The net margin of Chemtrade Logistics Income Fund is 7.0% (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 Chemtrade Logistics Income Fund (CHE-UN)?
The return on equity (ROE) of Chemtrade Logistics Income Fund is 19.4% (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 Chemtrade Logistics Income Fund (CHE-UN)?
On an EBIT basis the return on assets of Chemtrade Logistics Income Fund is 8.2% (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 Chemtrade Logistics Income Fund (CHE-UN)?
The operating margin of Chemtrade Logistics Income Fund is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chemtrade Logistics Income Fund (CHE-UN)?
Revenue at Chemtrade Logistics Income Fund is growing +16.5% versus a year earlier (3y avg +3.3%). 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 Chemtrade Logistics Income Fund (CHE-UN)?
Earnings per share at Chemtrade Logistics Income Fund are growing +262% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chemtrade Logistics Income Fund (CHE-UN) carry?
The net debt of Chemtrade Logistics Income Fund is C$1.3B (fiscal year 2025, ≈ 7.3 yrs of FCF). 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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Broad data
Oct 14, 2026