Financials Canadian Pacific Kansas City Limited Nyse

Equities

CP

CA13646K1084

Ground Freight & Logistics

Real-time Estimate Cboe BZX Other stock markets 12:16:06 2024-06-07 pm EDT			5-day change	1st Jan Change
78.28 ^USD	-0.22%		-1.42%	-1.05%

May. 30	Duos Technologies Signs Three-Year Deal With Canadian Pacific Kansas City	MT
May. 30	Duos Technologies, Inc. Enters into Three-Year Agreement with Canadian Pacific Kansas City	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	45,404	59,303	84,573	93,896	97,700	100,058	-	-
Enterprise Value (EV) ¹	54,028	68,927	104,631	113,096	119,730	120,007	119,348	120,072
P/E ratio	18.9 x	24.6 x	21.8 x	26.8 x	24.9 x	26.1 x	21.6 x	19.2 x
Yield	0.95%	0.81%	0.84%	0.75%	0.72%	0.71%	0.76%	0.9%
Capitalization / Revenue	5.83 x	7.69 x	10.6 x	10.7 x	7.78 x	6.78 x	6.28 x	5.83 x
EV / Revenue	6.93 x	8.94 x	13.1 x	12.8 x	9.54 x	8.13 x	7.49 x	6.99 x
EV / EBITDA	14.1 x	16.9 x	26 x	26.6 x	18.6 x	16.1 x	14.2 x	12.8 x
EV / FCF	40.2 x	60.9 x	48.5 x	43.8 x	71.7 x	41.8 x	31.1 x	25.8 x
FCF Yield	2.49%	1.64%	2.06%	2.29%	1.39%	2.39%	3.21%	3.87%
Price to Book	6.52 x	8.17 x	1.83 x	2.41 x	2.36 x	2.17 x	2.07 x	1.98 x
Nbr of stocks (in thousands)	685,806	671,558	929,573	930,124	931,895	932,769	-	-
Reference price ²	66.21	88.31	90.98	101.0	104.8	107.3	107.3	107.3
Announcement Date	1/29/20	1/27/21	1/27/22	1/31/23	1/30/24	-	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,792	7,710	7,995	8,814	12,555	14,753	15,931	17,174
EBITDA ¹	3,830	4,090	4,017	4,256	6,425	7,472	8,433	9,347
EBIT ¹	3,124	3,311	3,206	3,403	4,882	5,765	6,639	7,477
Operating Margin	40.09%	42.94%	40.1%	38.61%	38.88%	39.07%	41.67%	43.54%
Earnings before Tax (EBT) ¹	3,146	3,202	3,620	4,145	-3,053	5,205	6,220	6,941
Net income ¹	2,440	2,444	2,852	3,517	3,927	3,855	4,647	5,164
Net margin	31.31%	31.7%	35.67%	39.9%	31.28%	26.13%	29.17%	30.07%
EPS ²	3.504	3.594	4.180	3.770	4.210	4.115	4.958	5.601
Free Cash Flow ¹	1,343	1,131	2,156	2,585	1,669	2,869	3,831	4,646
FCF margin	17.24%	14.67%	26.97%	29.33%	13.29%	19.45%	24.05%	27.05%
FCF Conversion (EBITDA)	35.07%	27.65%	53.67%	60.74%	25.98%	38.4%	45.43%	49.7%
FCF Conversion (Net income)	55.04%	46.28%	75.6%	73.5%	42.5%	74.43%	82.45%	89.96%
Dividend per Share ²	0.6280	0.7120	0.7600	0.7600	0.7600	0.7608	0.8152	0.9647
Announcement Date	1/29/20	1/27/21	1/27/22	1/31/23	1/30/24	-	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	2,040	1,838	2,202	2,312	2,462	2,266	3,174	3,339	3,776	3,520	3,537	3,646	4,001	3,815	3,795
EBITDA ¹	1,038	745	1,098	1,168	1,225	1,054	1,475	1,624	2,018	1,726	1,728	1,866	2,112	1,938	1,978
EBIT ¹	832	535	887	955	1,006	829	1,065	1,278	1,561	1,259	1,327	1,463	1,700	1,488	1,540
Operating Margin	40.78%	29.11%	40.28%	41.31%	40.86%	36.58%	33.57%	38.27%	41.34%	35.77%	37.51%	40.14%	42.5%	39.01%	40.57%
Earnings before Tax (EBT) ¹	683	675	1,010	1,087	1,373	963	-6,347	1,038	1,293	1,033	1,217	1,348	1,568	1,356	1,404
Net income ¹	532	590	765	891	1,271	800	1,324	780	1,023	775	912.3	1,011	1,176	1,033	1,077
Net margin	26.08%	32.1%	34.74%	38.54%	51.62%	35.3%	41.71%	23.36%	27.09%	22.02%	25.79%	27.73%	29.39%	27.08%	28.38%
EPS ²	0.7400	0.6300	0.8200	0.9600	1.360	0.8600	1.420	0.8400	1.100	0.8300	0.9684	1.074	1.259	1.131	1.176
Dividend per Share ²	0.1900	0.1900	0.1900	0.1900	0.1900	0.1900	0.1900	0.1900	0.1900	0.1900	0.1905	0.1905	0.1905	0.2025	0.2025
Announcement Date	1/27/22	4/27/22	7/28/22	10/26/22	1/31/23	4/26/23	7/27/23	10/25/23	1/30/24	4/24/24	-	-	-	-	-

¹CAD in Million²CAD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	8,624	9,624	20,058	19,200	22,030	19,948	19,290	20,014
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.252 x	2.353 x	4.993 x	4.511 x	3.429 x	2.67 x	2.287 x	2.141 x
Free Cash Flow ¹	1,343	1,131	2,156	2,585	1,669	2,869	3,831	4,646
ROE (net income / shareholders' equity)	33.4%	33.4%	12.5%	9.68%	9.77%	9.02%	10.1%	11.4%
ROA (Net income/ Total Assets)	10.5%	10.6%	6.21%	4.96%	4.67%	4.93%	5.72%	6.3%
Assets ¹	23,239	23,005	45,908	70,836	84,005	78,220	81,255	81,968
Book Value Per Share ²	10.10	10.80	49.80	41.80	44.50	49.30	51.80	54.30
Cash Flow per Share ²	4.290	4.120	5.400	4.440	4.430	6.140	7.280	8.170
Capex ¹	1,647	1,671	1,532	1,557	2,468	2,682	2,749	2,772
Capex / Sales	21.14%	21.67%	19.16%	17.67%	19.66%	18.18%	17.25%	16.14%
Announcement Date	1/29/20	1/27/21	1/27/22	1/31/23	1/30/24	-	-	-

¹CAD in Million²CAD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Canadian Pacific Kansas City Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

107.3 CAD

Average target price

123.2 CAD

Spread / Average Target

+14.88%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Ground Freight & Logistics

	1st Jan change	Capi.
CANADIAN NATIONAL RAILWAY COMPANY	+3.86%	80.52B
KANSAS CITY SOUTHERN	-.--%	26.71B
XPO, INC.	+22.54%	12.56B
U-HAUL HOLDING COMPANY	-12.27%	12.11B
C.H. ROBINSON WORLDWIDE, INC.	+1.99%	10.28B
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.	-16.35%	7.78B
RUMO S.A.	-12.03%	7.21B
RYDER SYSTEM, INC.	+4.14%	5.27B
AURIZON HOLDINGS LIMITED	-0.79%	4.57B

Other Ground Freight & Logistics