Valuation Canadian National Railway Company

Equities

Delayed Toronto S.E. Other stock markets 02:30:09 2025-06-16 pm EDT			5-day change	1st Jan Change
142.44 ^CAD	+0.96%		-0.48%	-2.40%

11:38am	CN To Invest $60 Million In Minnesota To Build Capacity & Power Sustainable Growth	RE
11:35am	CN Rail To Invest US$60 Million In Minnesota, US$85 Million In Michigan	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	99,385	109,745	108,728	107,541	91,888	88,676	-	-
Change	-	10.42%	-0.93%	-1.09%	-14.55%	-3.5%	-	-
Enterprise Value (EV) ¹	111,722	121,392	123,829	125,539	112,393	109,651	110,905	111,140
Change	-	8.65%	2.01%	1.38%	-10.47%	-2.44%	1.14%	0.21%
P/E ratio	28x	22.6x	21.6x	19.5x	20.8x	18.2x	16.5x	15.2x
PBR	5.06x	4.79x	5.05x	5.45x	4.35x	4.01x	3.9x	3.71x
PEG	-	0.6x	2.71x	1.3x	-1.2x	1.7x	1.6x	1.83x
Capitalization / Revenue	7.19x	7.58x	6.36x	6.39x	5.39x	5.02x	4.77x	4.53x
EV / Revenue	8.08x	8.39x	7.24x	7.46x	6.59x	6.21x	5.96x	5.68x
EV / EBITDA	16.3x	16.8x	14.4x	14.9x	13.7x	12.4x	11.7x	11x
EV / EBIT	21.2x	21.6x	18x	19x	17.8x	16.1x	15x	13.9x
EV / FCF	33.8x	29.8x	31.6x	33.2x	35.7x	30.6x	28.3x	26.8x
FCF Yield	2.96%	3.36%	3.16%	3.01%	2.8%	3.27%	3.53%	3.73%
Dividend per Share ²	2.3	2.46	2.93	3.16	3.38	3.564	3.756	3.996
Rate of return	1.64%	1.58%	1.82%	1.9%	2.32%	2.53%	2.66%	2.83%
EPS ²	5	6.89	7.44	8.53	7.01	7.752	8.557	9.267
Distribution rate	46%	35.7%	39.4%	37%	48.2%	46%	43.9%	43.1%
Net sales ¹	13,819	14,477	17,107	16,828	17,046	17,666	18,609	19,570
EBITDA ¹	6,852	7,220	8,591	8,414	8,217	8,843	9,493	10,148
EBIT ¹	5,263	5,622	6,862	6,597	6,325	6,827	7,409	7,979
Net income ¹	3,562	4,892	5,118	5,625	4,448	4,846	5,205	5,556
Net Debt ¹	12,337	11,647	15,101	17,998	20,505	20,974	22,228	22,464
Reference price ²	139.94	155.38	160.84	166.55	145.97	141.09	141.09	141.09
Nbr of stocks (in thousands)	710,200	706,300	676,000	645,695	629,500	628,510	-	-
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/30/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CANADIAN NATIONAL RAILWAY COMPANY	18.18x	6.21x	12.37x	2.53%	65.3B
CANADIAN PACIFIC KANSAS CITY LIMITED	23.92x	7.96x	15.33x	0.77%	74.84B
XPO, INC.	36.42x	2.13x	13.61x	-.--%	14.19B
C.H. ROBINSON WORLDWIDE, INC.	19.94x	0.73x	13.69x	2.69%	11.11B
U-HAUL HOLDING COMPANY	23.92x	2.08x	7.48x	-	10.95B
AYVENS	7.59x	2.03x	35.2x	6.17%	8.29B
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.	35.08x	1.19x	7.68x	1.62%	6.92B
RUMO S.A.	16.54x	3.59x	6.34x	1.92%	6.39B
RYDER SYSTEM, INC.	12.41x	1.06x	4.63x	2.12%	6.09B
Average	21.56x	3.00x	12.92x	2.23%	22.68B
Weighted average by Cap.	21.88x	5.47x	13.70x	1.76%