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 87,855 - -
Change - -21.92% 5.22% -9.17% 8.47% 30.16% - -
Enterprise Value (EV) 1 97,446 81,691 85,609 79,728 85,696 105,111 104,488 103,198
Change - -16.17% 4.8% -6.87% 7.49% 22.66% -0.59% -1.24%
P/E 22.4x 15.9x 18.7x 18x 23.5x 23.7x 20.8x 18.9x
PBR 6.28x 5.26x 5.75x 5.01x 5.16x 6.13x 6.01x 6.31x
PEG - 1x -3.65x -5.55x -1.7x 0.8x 1.5x 1.9x
Capitalization / Revenue 6.66x 4.38x 4.67x 4.28x 4.79x 5.77x 5.49x 5.32x
EV / Revenue 7.78x 5.5x 5.84x 5.48x 6.08x 6.91x 6.53x 6.25x
EV / EBITDA 13.9x 11.1x 11.9x 11.4x 13.5x 14.4x 13.3x 12.5x
EV / EBIT 17.4x 13.9x 15.4x 14.9x 18.3x 18.7x 17x 15.9x
EV / FCF 29.5x 23.4x 26.2x 29.3x 50.1x 31.3x 29.1x 26.8x
FCF Yield 3.39% 4.27% 3.82% 3.41% 2% 3.19% 3.44% 3.73%
Dividend per Share 2 0.372 0.4 0.44 0.48 0.52 0.5731 0.6193 0.6624
Rate of return 0.99% 1.29% 1.27% 1.49% 1.43% 1.21% 1.31% 1.4%
EPS 2 1.68 1.95 1.85 1.79 1.54 2.004 2.277 2.506
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 15,222 15,990 16,513
EBITDA 1 7,014 7,379 7,172 7,011 6,365 7,280 7,866 8,262
EBIT 1 5,594 5,879 5,561 5,353 4,685 5,624 6,131 6,493
Net income 1 3,781 4,166 3,715 3,470 2,889 3,702 4,085 4,350
Net Debt 1 14,050 16,577 17,097 17,498 18,198 17,256 16,633 15,342
Reference price 2 37.60 30.98 34.67 32.27 36.25 47.43 47.43 47.43
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.53x7.1x14.07x2% 165B
23.67x6.91x14.44x1.21% 87.86B
25.35x8.03x15.76x0.82% 75.59B
20.92x6.76x13.93x2.16% 72.29B
25.56x6.46x14.57x1.71% 71.03B
30.83x6.17x18.46x0.64% 37.19B
31.43x1.66x12.92x0.79% 21.58B
37.66x2.67x15.85x-.--% 21.41B
22.98x0.96x16.41x1.79% 16.43B
Average 26.66x 5.19x 15.15x 1.23% 63.11B
Weighted average by Cap. 24.43x 6.46x 14.77x 1.49%

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