What is the price-to-earnings ratio of Cargojet?
The price-earnings ratio of Cargojet is currently 19.39.
Cargojet P/E 2024
Cargojet P/E
19.39
Ticker
CJT.TO
ISIN
CA14179V5036
WKN
A2PKMF
As of Aug 8, 2024, Cargojet's P/E ratio was 19.39, a -58.77% change from the 47.03 P/E ratio recorded in the previous year.
The Cargojet P/E history
Cargojet Aktienanalyse
What does Cargojet do?
Cargojet Inc is a leading air cargo company in Canada based in Mississauga, Ontario. The company was founded in 2002 and has been listed on the Toronto Stock Exchange since 2012. Cargojet offers high-quality air freight services within Canada and internationally. The history of Cargojet dates back to 2002 when the company was founded by Ajay Virmani. Virmani had previously worked in the air cargo industry and recognized the potential for a specialized air cargo company in Canada. The company started with a single aircraft and a limited network of flight connections. However, over the years, the company has grown significantly and is now one of the largest air cargo providers in Canada. Cargojet's business model is based on providing air freight services to various industries, such as logistics companies, e-commerce firms, automotive manufacturers, pharmaceutical and food industries, as well as government agencies. The company has an extensive fleet of cargo aircraft and offers both domestic and international air freight services. Cargojet is divided into various segments to meet the needs of its customers. These segments include national air cargo, international air cargo, ground handling services, and ACMI (Aircraft, Crew, Maintenance, and Insurance) charter services. With its strong presence and comprehensive coverage within Canada, Cargojet is well positioned to operate as an integrated air cargo provider. In addition to standardized air freight services, Cargojet also offers specialized services to meet the needs of its customers. The company has extensive experience in air freight logistics and provides customized solutions for customers with specific requirements. In addition to its core business areas, Cargojet is also involved in air mail delivery and works closely with the Canadian Post to ensure fast and reliable delivery of airmail. The company is also responsible for the delivery of medical supplies within Canada and played a crucial role in the distribution of COVID-19 vaccines within the country. Overall, Cargojet offers a comprehensive range of air freight services and is an important partner for companies in need of fast and reliable delivery of goods. The company has experienced strong growth in recent years and continues to work on improving its services and expanding its presence in the international market. Cargojet ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Cargojet's P/E Ratio
The Price to Earnings (P/E) Ratio of Cargojet is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Cargojet's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Cargojet is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Cargojet’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Cargojet stock
How has the price-earnings ratio of Cargojet changed compared to last year?
The price-to-earnings ratio of Cargojet has increased by -58.77% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Cargojet high compared to other companies?
Yes, the price-to-earnings ratio of Cargojet is high compared to other companies.
How does an increase in the price-earnings ratio of Cargojet affect the company?
An increase in the price-earnings ratio of Cargojet would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Cargojet affect the company?
A decrease in the price-earnings ratio of Cargojet would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Cargojet?
Some factors that influence the price-earnings ratio of Cargojet are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Cargojet pay?
Over the past 12 months, Cargojet paid a dividend of 1.17 CAD . This corresponds to a dividend yield of about 1.01 %. For the coming 12 months, Cargojet is expected to pay a dividend of 1.37 CAD.
What is the dividend yield of Cargojet?
The current dividend yield of Cargojet is 1.01 %.
When does Cargojet pay dividends?
Cargojet pays a quarterly dividend. This is distributed in the months of October, January, April, July.
How secure is the dividend of Cargojet?
Cargojet paid dividends every year for the past 23 years.
What is the dividend of Cargojet?
For the upcoming 12 months, dividends amounting to 1.37 CAD are expected. This corresponds to a dividend yield of 1.19 %.
In which sector is Cargojet located?
Cargojet is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Cargojet kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Cargojet from 7/5/2024 amounting to 0.315 CAD, you needed to have the stock in your portfolio before the ex-date on 6/20/2024.
When did Cargojet pay the last dividend?
The last dividend was paid out on 7/5/2024.
What was the dividend of Cargojet in the year 2023?
In the year 2023, Cargojet distributed 1.118 CAD as dividends.
In which currency does Cargojet pay out the dividend?
The dividends of Cargojet are distributed in CAD.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Cargojet
Our stock analysis for Cargojet Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cargojet Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
