Valuation Canadian National Railway Company

Equities

Market Closed - Toronto S.E. Other stock markets 21:00:00 17/04/2026 BST			5-day change	1st Jan Change
151.16 ^CAD	+1.34%		-0.72%	+11.35%

04-10	Canadian National Railway Volume Data Seen Tracking Ahead of Estimates, BofA Says	MT
04-10	RBC on Canadian Rails' Q1 Carload, Performance Metrics	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	109,745	108,728	107,541	91,888	83,554	92,326	-	-
Change	-	-0.93%	-1.09%	-14.55%	-9.07%	10.5%	-	-
Enterprise Value (EV) ¹	121,392	123,829	125,539	112,393	104,726	114,661	115,192	114,693
Change	-	2.01%	1.38%	-10.47%	-6.82%	9.49%	0.46%	-0.43%
P/E ratio	22.6x	21.6x	19.5x	20.8x	17.9x	19.2x	17.3x	16x
PBR	4.79x	5.05x	5.45x	4.35x	3.86x	4.33x	4.19x	3.77x
PEG	-	2.71x	1.3x	-1.2x	2.24x	4.97x	1.6x	1.9x
Capitalization / Revenue	7.58x	6.36x	6.39x	5.39x	4.83x	5.17x	4.95x	4.7x
EV / Revenue	8.39x	7.24x	7.46x	6.59x	6.05x	6.42x	6.17x	5.83x
EV / EBITDA	16.8x	14.4x	14.9x	13.7x	12.3x	13.1x	12.3x	11.5x
EV / EBIT	21.6x	18x	19x	17.8x	15.8x	16.9x	15.8x	14.6x
EV / FCF	29.8x	31.6x	33.2x	35.7x	30.9x	28.1x	26x	27.3x
FCF Yield	3.36%	3.16%	3.01%	2.8%	3.24%	3.56%	3.85%	3.67%
Dividend per Share ²	2.46	2.93	3.16	3.38	3.55	3.658	3.704	3.909
Rate of return	1.58%	1.82%	1.9%	2.32%	2.62%	2.42%	2.45%	2.59%
EPS ²	6.89	7.44	8.53	7.01	7.57	7.863	8.726	9.46
Distribution rate	35.7%	39.4%	37%	48.2%	46.9%	46.5%	42.4%	41.3%
Net sales ¹	14,477	17,107	16,828	17,046	17,304	17,859	18,668	19,660
EBITDA ¹	7,220	8,591	8,414	8,217	8,525	8,769	9,332	9,958
EBIT ¹	5,622	6,862	6,597	6,325	6,636	6,798	7,295	7,835
Net income ¹	4,892	5,118	5,625	4,448	4,720	4,730	5,098	5,513
Net Debt ¹	11,647	15,101	17,998	20,505	21,172	22,335	22,866	22,367
Reference price ²	155.38	160.84	166.55	145.97	135.75	151.16	151.16	151.16
Nbr of stocks (in thousands)	706,300	676,000	645,695	629,500	615,500	610,781	-	-
Announcement Date	25/01/22	24/01/23	23/01/24	30/01/25	30/01/26	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CANADIAN NATIONAL RAILWAY COMPANY	19.23x	6.42x	13.08x	2.42%	67.53B
CANADIAN PACIFIC KANSAS CITY LIMITED	22.46x	7.72x	14.78x	0.85%	73.28B
XPO, INC.	55.86x	3.42x	20.77x	-.--%	26.42B
C.H. ROBINSON WORLDWIDE, INC.	30.12x	1.34x	21.29x	1.38%	21.48B
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.	39.01x	1.58x	9.87x	1.2%	10.47B
AYVENS	8.88x	2.33x	32.01x	5.87%	10.43B
U-HAUL HOLDING COMPANY	157.1x	-	-	-	9.67B
RYDER SYSTEM, INC.	16.81x	1.2x	5.3x	1.56%	8.9B
RUMO S.A.	15.15x	3.63x	6.47x	2.25%	6.16B
SCHNEIDER NATIONAL, INC.	36.8x	0.91x	7.97x	1.36%	5.15B
Average	40.14x	3.17x	14.62x	1.88%	23.95B
Weighted average by Cap.	31.40x	5.21x	15.39x	1.58%