Financials Canadian Pacific Kansas City Limited

Equities

CP

CA13646K1084

Ground Freight & Logistics

Market Closed - Toronto S.E. 04:00:00 2024-07-19 pm EDT 5-day change 1st Jan Change
114.8 CAD +0.45% Intraday chart for Canadian Pacific Kansas City Limited +1.01% +9.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 45,404 59,303 84,573 93,896 97,700 107,096 - -
Enterprise Value (EV) 1 54,028 68,927 104,631 113,096 119,730 127,063 126,390 127,141
P/E ratio 18.9 x 24.6 x 21.8 x 26.8 x 24.9 x 27.9 x 23 x 20.8 x
Yield 0.95% 0.81% 0.84% 0.75% 0.72% 0.66% 0.72% 0.84%
Capitalization / Revenue 5.83 x 7.69 x 10.6 x 10.7 x 7.78 x 7.25 x 6.7 x 6.22 x
EV / Revenue 6.93 x 8.94 x 13.1 x 12.8 x 9.54 x 8.6 x 7.9 x 7.38 x
EV / EBITDA 14.1 x 16.9 x 26 x 26.6 x 18.6 x 17 x 14.9 x 13.5 x
EV / FCF 40.2 x 60.9 x 48.5 x 43.8 x 71.7 x 43.1 x 33 x 27.3 x
FCF Yield 2.49% 1.64% 2.06% 2.29% 1.39% 2.32% 3.03% 3.67%
Price to Book 6.52 x 8.17 x 1.83 x 2.41 x 2.36 x 2.33 x 2.21 x 2.11 x
Nbr of stocks (in thousands) 685,806 671,558 929,573 930,124 931,895 933,057 - -
Reference price 2 66.21 88.31 90.98 101.0 104.8 114.8 114.8 114.8
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 14,774 15,992 17,218
EBITDA 1 3,830 4,090 4,017 4,256 6,425 7,493 8,494 9,386
EBIT 1 3,124 3,311 3,206 3,403 4,882 5,742 6,666 7,483
Operating Margin 40.09% 42.94% 40.1% 38.61% 38.88% 38.86% 41.68% 43.46%
Earnings before Tax (EBT) 1 3,146 3,202 3,620 4,145 -3,053 5,251 6,296 7,014
Net income 1 2,440 2,444 2,852 3,517 3,927 3,880 4,657 5,074
Net margin 31.31% 31.7% 35.67% 39.9% 31.28% 26.26% 29.12% 29.47%
EPS 2 3.504 3.594 4.180 3.770 4.210 4.112 4.985 5.508
Free Cash Flow 1 1,343 1,131 2,156 2,585 1,669 2,947 3,826 4,666
FCF margin 17.24% 14.67% 26.97% 29.33% 13.29% 19.95% 23.93% 27.1%
FCF Conversion (EBITDA) 35.07% 27.65% 53.67% 60.74% 25.98% 39.33% 45.05% 49.71%
FCF Conversion (Net income) 55.04% 46.28% 75.6% 73.5% 42.5% 75.95% 82.17% 91.95%
Dividend per Share 2 0.6280 0.7120 0.7600 0.7600 0.7600 0.7621 0.8305 0.9621
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 3,580 3,657 4,000 3,817 3,885
EBITDA 1 1,038 745 1,098 1,168 1,225 1,054 1,475 1,624 2,018 1,726 1,766 1,873 2,105 1,927 2,045
EBIT 1 832 535 887 955 1,006 829 1,065 1,278 1,561 1,259 1,354 1,460 1,686 1,483 1,591
Operating Margin 40.78% 29.11% 40.28% 41.31% 40.86% 36.58% 33.57% 38.27% 41.34% 35.77% 37.82% 39.92% 42.14% 38.87% 40.95%
Earnings before Tax (EBT) 1 683 675 1,010 1,087 1,373 963 -6,347 1,038 1,293 1,033 1,229 1,361 1,570 1,354 1,486
Net income 1 532 590 765 891 1,271 800 1,324 780 1,023 775 920.8 1,019 1,176 1,017 1,116
Net margin 26.08% 32.1% 34.74% 38.54% 51.62% 35.3% 41.71% 23.36% 27.09% 22.02% 25.72% 27.88% 29.4% 26.65% 28.72%
EPS 2 0.7400 0.6300 0.8200 0.9600 1.360 0.8600 1.420 0.8400 1.100 0.8300 0.9797 1.073 1.251 1.105 1.205
Dividend per Share 2 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1909 0.1909 0.1909 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 19,966 19,294 20,045
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.252 x 2.353 x 4.993 x 4.511 x 3.429 x 2.665 x 2.271 x 2.136 x
Free Cash Flow 1 1,343 1,131 2,156 2,585 1,669 2,947 3,826 4,666
ROE (net income / shareholders' equity) 33.4% 33.4% 12.5% 9.68% 9.77% 9.16% 10.2% 11.4%
ROA (Net income/ Total Assets) 10.5% 10.6% 6.21% 4.96% 4.67% 5% 5.78% 6.3%
Assets 1 23,239 23,005 45,908 70,836 84,005 77,613 80,527 80,538
Book Value Per Share 2 10.10 10.80 49.80 41.80 44.50 49.30 52.00 54.40
Cash Flow per Share 2 4.290 4.120 5.400 4.440 4.430 5.830 7.260 8.090
Capex 1 1,647 1,671 1,532 1,557 2,468 2,686 2,719 2,771
Capex / Sales 21.14% 21.67% 19.16% 17.67% 19.66% 18.18% 17% 16.1%
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

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
32
Last Close Price
114.8 CAD
Average target price
124.2 CAD
Spread / Average Target
+8.24%
Consensus
  1. Stock Market
  2. Equities
  3. CP Stock
  4. Financials Canadian Pacific Kansas City Limited