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value with growth optionality - Trades at 8.4x EV/EBITDA (below historical 10-12x range) despite 14% revenue growth and improving margins.
Rising rates increase financing costs on aircraft acquisitions and refinancing of existing debt (Debt/Equity 1.30x).
Watch on earnings: WTI crude oil spot price and Brent crude - fuel represents 25-30% of operating costs with 2-3 month surcharge recovery lag, Canadian retail sales and e-commerce penetration rates - drives parcel volumes and charter demand, USD/CAD exchange rate - international charter revenue USD-denominated, costs primarily CAD-based.
One Sentence Summary:
Cargojet: the story is balanced — e-commerce parcel volumes and peak season charter demand - q4 typically generates 35-40% of annual ebitda.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.