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Cargojet Inc (CJT) Fair Value & Analysis

Industrials · CA · Market cap C$1.3B

CI Cargojet Inc CJT · TO
PriceC$86.81
Fair ValueC$91.37
Upside+5.3%
Quality48/100
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Expensive Growth
Thin margins · 3.6% net margin
Moderate debt · negative free cash flow
1.63% dividend yield
Trails peers (5/13)
Narrow moat 34/100
Evidence: High Range C$68.53 – C$114.22 Share as image

Fair value as of: Jul 13, 2026

From 16 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from C$107.24 to C$91.37 (−14.8%) since Jun 24, 2026. Share price +0.7% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from C$68.53 (bear) to C$114.22 (bull), base C$91.37. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

C$199.52 C$66.68 Fair Value C$91.37 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range C$66.68 – C$199.52 · fair‑value band C$68.53 – C$114.22 · the C$86.81 price screens below the C$91.37 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Cargojet Inc (CJT) currently trades at C$86.81, while our model-based Fair Value estimate is C$91.37, implying the stock looks roughly 5.3% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Cargojet Inc generated revenue of C$998M at a net margin of 3.6%. Revenue grew 1.9% year over year. It earns a return on equity of 4.8%. Net debt stands at C$1.1B. Fundamentals as of Jul 13, 2026

Our scenario range runs from C$68.53 (bear case) to C$114.22 (bull case); at C$86.81, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 5%, CJT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income C$41.88 C$46.11 C$63.74 76
ROIC Compounder C$5.99 C$11.96 72
Gordon GGM C$8.33 C$15.01 C$20.67 70
All 16 models by family
Earnings-Based
Graham-Dodd C$36.55 C$181.42 C$250.25 54
Lynch FV C$48.95 C$69.93 C$90.91 50
PEG = 1.0 C$48.95 C$69.93 C$90.91 46
EPV C$5.99 C$11.96 59
Dividend Discount
Gordon GGM C$8.33 C$15.01 C$20.67 70
DDM Multi-Stage C$8.33 C$13.71 C$16.04 61
Multiples
P/E Multiple C$84.65 C$112.87 C$141.09 63
P/S Multiple C$68.53 C$91.37 C$114.22 58
P/B Multiple C$68.53 C$91.37 C$114.22 55
EV/EBIT C$42.35 C$74.39 C$106.43 53
EV/EBITDA C$142.05 C$207.33 C$272.61 54
EV/Revenue C$14.83 C$44.23 C$73.64 43
Asset-Based
NCAV (Graham) C$24.88 C$33.34 C$49.75 50
Economic Profit
Residual Income C$41.88 C$46.11 C$63.74 76
ROIC Compounder C$5.99 C$11.96 72
Growth Earnings
Growth-Adj P/E C$75.07 C$107.24 C$139.42 68

Widest divergence: Growth Earnings (C$107.24) versus Economic Profit (C$5.99). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) C$998M
Revenue growth (YoY) +1.9%
Net margin 3.6%
Return on equity 4.8%
Free cash flow −C$102M FY2025
P/E ratio 33.3
More key figures
Operating margin 6.8%
EPS (TTM) C$2.45
Dividend yield 1.7%
EPS growth (YoY) -90.6%
Net debt C$1.1B FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 46 · Market factors (momentum, volatility) 42

Profitability 33
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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, North America, South America, and Europe.

Full company description

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, 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
C$993M
Latest YoY
−0.8%
Avg. growth/yr (3Y)
+0.4%
Avg. growth/yr (5Y)
+8.2%
Avg. growth/yr (20Y)
+14.2%
Revenue +7.0%/yr
FY21 C$758M
FY22 C$980M
FY23 C$878M
FY24 C$1.0B
FY25 C$993M
Net income −16.8%/yr
FY21 C$167M
FY22 C$191M
FY23 C$37.3M
FY24 C$108M
FY25 C$80.2M

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

Peer Group

Integrated Freight & Logistics · 219 stocks

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.

Quality Score 48 · Below median
Fair Value upside +5% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 2% · Above median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 1.09× · Higher than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 35.9× · Pricier than 75% of peers
P/B 1.26× · Pricier than median
P/S (TTM) 0.94× · Pricier than median
EV/EBITDA 7.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 45
FUTURE 10 · sector 8
PAST 19 · sector 26
HEALTH 46 · sector 94
DIVIDEND 33 · sector 55

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Cargojet Inc (CJT) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of C$91.37 versus a price of C$86.81, about +5% (fairly valued).
What is the fair value of CJT?
Our model-based fair value for Cargojet Inc is C$91.37 (as of Jul 13, 2026), built from audited fundamentals. The current price is C$86.81.
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 revenue of Cargojet Inc (CJT)?
Cargojet Inc reported trailing-twelve-month revenue of about C$998M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of CJT?
The net profit margin of Cargojet Inc is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Cargojet Inc pay a dividend?
Cargojet Inc currently shows a dividend yield of about 1.74% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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