Company Valuation: CSX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 83,396 65,114 68,512 62,230 67,498 87,411 - -
Change - -21.92% 5.22% -9.17% 8.47% 29.5% - -
Enterprise Value (EV) 1 97,446 81,691 85,609 79,728 85,696 104,784 104,180 102,753
Change - -16.17% 4.8% -6.87% 7.49% 22.27% -0.58% -1.37%
P/E 22.4x 15.9x 18.7x 18x 23.5x 23.5x 20.7x 18.8x
PBR 6.28x 5.26x 5.75x 5.01x 5.16x 6.1x 5.97x 6.25x
PEG - 1x -3.65x -5.55x -1.7x 0.8x 1.5x 1.8x
Capitalization / Revenue 6.66x 4.38x 4.67x 4.28x 4.79x 5.75x 5.48x 5.29x
EV / Revenue 7.78x 5.5x 5.84x 5.48x 6.08x 6.9x 6.53x 6.22x
EV / EBITDA 13.9x 11.1x 11.9x 11.4x 13.5x 14.4x 13.3x 12.4x
EV / EBIT 17.4x 13.9x 15.4x 14.9x 18.3x 18.6x 17x 15.8x
EV / FCF 29.5x 23.4x 26.2x 29.3x 50.1x 31.2x 29x 26.7x
FCF Yield 3.39% 4.27% 3.82% 3.41% 2% 3.21% 3.45% 3.75%
Dividend per Share 2 0.372 0.4 0.44 0.48 0.52 0.5742 0.6193 0.6621
Rate of return 0.99% 1.29% 1.27% 1.49% 1.43% 1.22% 1.31% 1.4%
EPS 2 1.68 1.95 1.85 1.79 1.54 2.008 2.278 2.511
Distribution rate 22.1% 20.5% 23.8% 26.8% 33.8% 28.6% 27.2% 26.4%
Net sales 1 12,522 14,853 14,657 14,540 14,092 15,197 15,953 16,524
EBITDA 1 7,014 7,379 7,172 7,011 6,365 7,281 7,859 8,270
EBIT 1 5,594 5,879 5,561 5,353 4,685 5,629 6,127 6,500
Net income 1 3,781 4,166 3,715 3,470 2,889 3,704 4,088 4,358
Net Debt 1 14,050 16,577 17,097 17,498 18,198 17,373 16,769 15,342
Reference price 2 37.60 30.98 34.67 32.27 36.25 47.19 47.19 47.19
Nbr of stocks (in thousands) 2,217,983 2,101,822 1,976,132 1,928,423 1,862,018 1,852,311 - -
Announcement Date 1/20/22 1/25/23 1/24/24 1/23/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.38x7.1x14x2.01% 164B
23.49x6.89x14.39x1.21% 87.41B
25.31x6.46x14.5x1.72% 70.75B
13.55x0.83x5.08x4.39% 13.88B
14.48x2.69x6.51x6.4% 4.37B
25.4x3.18x14.56x2.2% 3.69B
-0.85x - - 3.88% 365M
Average 17.54x 4.52x 11.51x 3.12% 49.17B
Weighted average by Cap. 22.34x 6.56x 13.76x 1.9%

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