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 | Sanjeev Maini Interim Chief Financial Officer | Paul Rinaldo Senior Vice President - Engineering and Maintenance |
| Pauline Dhillon Chief Corporate Officer | Jamie B. Porteous Chief Strategy 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 three months ended 31 March 2022, Cargojet Inc revenues increased 46% to C$233.6M. Net loss totaled C$56.4M vs. income of C$89.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects EBITDAR - Total decrease from C$127.9M to -C$6M, Fair value increase (decrease) on stock increase from C$81.9M (income) to C$86.8M (expense). |
| Employees: | 1,496 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,729M as of Mar 31, 2022 |
| Annual revenue (TTM): | $831.10M as of Mar 31, 2022 |
| EBITDA (TTM): | $305.40M as of Mar 31, 2022 |
| Net annual income (TTM): | $21.60M as of Mar 31, 2022 |
| Free cash flow (TTM): | -$84.60M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | $340.10M as of Mar 31, 2022 |
| Shares outstanding: | 17,776,501 as of Mar 31, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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