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 1,791 -
Change - 34.4% -3.79% 32.07% 29.26% 5.33% -
Enterprise Value (EV) 1 1,948 1,990 1,827 2,180 2,881 3,014 2,935
Change - 2.14% -8.21% 19.34% 32.16% 4.62% -2.64%
P/E Ratio -3.2x 9.06x 5.61x 10.5x 12.1x 11.5x 9.99x
PBR - - - 2.06x - 2.32x 2.01x
PEG - -0x 0.1x -0.3x 0.7x 0.8x 0.7x
Capitalization / Revenue 0.56x 0.57x 0.54x 0.74x 0.85x 0.83x 0.79x
EV / Revenue 1.42x 1.1x 0.99x 1.22x 1.44x 1.39x 1.3x
EV / EBITDA 6.95x 4.62x 3.63x 4.63x 5.68x 5.92x 5.49x
EV / EBIT 47.8x 9.3x 6.41x 7.72x 11.1x 10.7x 9.91x
EV / FCF 14.7x 7.84x 7.77x 13.5x 16.1x 21.4x 16.4x
FCF Yield 6.82% 12.8% 12.9% 7.43% 6.2% 4.67% 6.09%
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% 4.46% 4.6%
EPS 2 -2.31 0.99 1.52 1.04 1.22 1.403 1.609
Distribution rate -26% 60.6% 39.5% 63.5% 56.6% 51.2% 45.9%
Net sales 1 1,369 1,813 1,847 1,787 1,998 2,170 2,254
EBITDA 1 280.4 430.9 502.6 470.8 507.4 509 534.1
EBIT 1 40.76 213.9 285.1 282.2 260 282.9 296.1
Net income 1 -235.2 109.1 249.3 126.9 139.4 143 167
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 16.07 16.07
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.46x1.39x5.92x4.46% 1.29B
26.98x4.16x13.45x2.09% 123B
39.29x1.4x8.53x5.69% 44.12B
11.47x1.15x6.42x2.67% 31.37B
10.45x3.02x7.5x4.28% 24.11B
10.89x2.75x16.16x4.62% 23.75B
6.49x0.86x5.35x4.24% 21.03B
20.17x3.11x11.91x0.59% 19.36B
29.62x2.39x13.57x0.43% 17.34B
15.36x - - - 17.27B
Average 18.22x 2.25x 9.87x 3.23% 32.26B
Weighted average by Cap. 22.45x 2.85x 11.08x 3.01%

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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