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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
Tel: 1-905-5017373
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