Company Valuation: Chemtrade Logistics Income Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 770.4 1,035 996.2 1,316 1,701 1,863 -
Change - 34.4% -3.79% 32.07% 29.26% 9.52% -
Enterprise Value (EV) 1 1,948 1,990 1,827 2,180 2,881 3,086 3,006
Change - 2.14% -8.21% 19.34% 32.16% 7.1% -2.58%
P/E -3.2x 9.06x 5.61x 10.5x 12.1x 11.8x 10.3x
PBR - - - 2.06x 2.17x 2.42x 2.09x
PEG - -0x 0.1x -0.3x 0.7x 0.7x 0.7x
Capitalization / Revenue 0.56x 0.57x 0.54x 0.74x 0.85x 0.86x 0.83x
EV / Revenue 1.42x 1.1x 0.99x 1.22x 1.44x 1.42x 1.33x
EV / EBITDA 6.95x 4.62x 3.63x 4.63x 5.68x 6.07x 5.63x
EV / EBIT 47.8x 9.3x 6.41x 7.72x 11.1x 11x 10.2x
EV / FCF 14.7x 7.84x 7.77x 13.5x 16.1x 21.9x 16.8x
FCF Yield 6.82% 12.8% 12.9% 7.43% 6.2% 4.56% 5.94%
Dividend per Share 2 0.6 0.6 0.6 0.66 0.69 0.7175 0.739
Rate of return 8.11% 6.69% 7.04% 6.03% 4.68% 4.29% 4.42%
EPS 2 -2.31 0.99 1.52 1.04 1.22 1.412 1.617
Distribution rate -26% 60.6% 39.5% 63.5% 56.6% 50.8% 45.7%
Net sales 1 1,369 1,813 1,847 1,787 1,998 2,170 2,254
EBITDA 1 280.4 430.9 502.6 470.8 507.4 508.5 534.1
EBIT 1 40.76 213.9 285.1 282.2 260 281.5 296.1
Net income 1 -235.2 109.1 249.3 126.9 139.4 148.8 168.8
Net Debt 1 1,178 954.5 830.5 864.2 1,180 1,223 1,144
Reference price 2 7.40 8.97 8.52 10.94 14.75 16.71 16.71
Nbr of stocks (in thousands) 104,109 115,431 116,921 120,261 115,298 111,465 -
Announcement Date 2/22/22 2/22/23 2/20/24 2/28/25 2/25/26 - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.83x1.42x6.07x4.29% 1.32B
27.95x4.31x13.9x2.04% 126B
19.11x5.18x35.38x1.94% 44.85B
51.54x1.33x8.38x6.14% 41.19B
11.66x1.15x6.52x2.62% 31.72B
9.41x2.76x6.85x4.73% 21.8B
20.03x - - 1.98% 17.29B
6.06x0.79x5.1x4.9% 18.19B
31.05x2.5x14.13x0.41% 18.14B
9.8x0.88x7.76x3.58% 16.39B
Average 19.84x 2.26x 11.56x 3.26% 33.74B
Weighted average by Cap. 24.56x 3.14x 14.15x 2.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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