Cargojet Inc. (T:CJT)
Business Focus: Air Freight
| Sector: Industrials | Industry: Courier, Postal, Air Freight & Land-based Logistics |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 2281 North Sheridan Way MISSISSAUGA ON L5K 2S3 |
| Tel: | 1-905-5017373 |
| Website: | www.cargojet.com |
| IR: | See website |
| Key People | ||
| Ajay Virmani President, Chief Executive Officer, Director | John Kim Chief Financial Officer | Jamie B. Porteous Executive Vice President, Chief Commercial Officer |
| Paul Rinaldo Senior Vice President - Engineering and Maintenance | Pauline Dhillon Chief Corporate Officer | |
| Business Overview |
| Cargojet Inc. is a Canada-based company, which is a provider of time sensitive domestic network air cargo services. The Company's air cargo business is comprised of the following: operating a domestic network air cargo co-load network between approximately 15 Canadian cities; providing dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States of America (USA), Mexico and Europe; and operating scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada and Germany; and between Canada and Mexico. The Company operates its business across North America transporting time sensitive air cargo each business night utilizing its fleet of all-cargo aircraft. It operates over 80 flight legs each business night using a combination of B767-300F; B767-200F and B757-200F aircraft. It also operates approximately 10 dedicated ACMI routes. |
| Financial Overview |
| For the nine months ended 30 September 2021,Cargojet Inc revenues increased 8% to C$521.9M. Net incometotaled C$65.4M vs. loss of C$67.3M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net Income reflectsEBITDAR - Total increase from C$66.3M to C$196M, Fair valueincrease (decrease) on stock decrease from C$130M (expense)to C$10.4M (income). |
| Employees: | 1,237 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3,576M as of Sep 30, 2021 |
| Annual revenue (TTM): | $709.00M as of Sep 30, 2021 |
| EBITDA (TTM): | $262.20M as of Sep 30, 2021 |
| Net annual income (TTM): | $44.90M as of Sep 30, 2021 |
| Free cash flow (TTM): | -$0.20M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | $288.80M as of Sep 30, 2021 |
| Shares outstanding: | 17,776,501 as of Sep 30, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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