Valuation Canadian National Railway Company

Equities

Market Closed - Toronto S.E. Other stock markets 21:00:00 05/12/2025 GMT			5-day change	1st Jan Change
135.78 ^CAD	-1.28%		+1.46%	-6.98%

12-02	Personal Assets Trust net asset value rises amid gold and equity gains	AN
11-28	CN Rail Upgraded to Outperformer, Price Target Lifted to $151 at CIBC	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	99,385	109,745	108,728	107,541	91,888	83,573	-	-
Change	-	10.42%	-0.93%	-1.09%	-14.55%	-9.05%	-	-
Enterprise Value (EV) ¹	111,722	121,392	123,829	125,539	112,393	104,697	105,142	105,616
Change	-	8.65%	2.01%	1.38%	-10.47%	-6.85%	0.43%	0.45%
P/E ratio	28x	22.6x	21.6x	19.5x	20.8x	18.1x	16.6x	15x
PBR	5.06x	4.79x	5.05x	5.45x	4.35x	3.98x	3.86x	3.72x
PEG	-	0.6x	2.71x	1.3x	-1.2x	2.55x	1.93x	1.3x
Capitalization / Revenue	7.19x	7.58x	6.36x	6.39x	5.39x	4.84x	4.66x	4.43x
EV / Revenue	8.08x	8.39x	7.24x	7.46x	6.59x	6.07x	5.86x	5.59x
EV / EBITDA	16.3x	16.8x	14.4x	14.9x	13.7x	12.3x	11.7x	11x
EV / EBIT	21.2x	21.6x	18x	19x	17.8x	15.9x	15x	14x
EV / FCF	33.8x	29.8x	31.6x	33.2x	35.7x	30.8x	24.5x	22.5x
FCF Yield	2.96%	3.36%	3.16%	3.01%	2.8%	3.25%	4.08%	4.45%
Dividend per Share ²	2.3	2.46	2.93	3.16	3.38	3.544	3.748	3.822
Rate of return	1.64%	1.58%	1.82%	1.9%	2.32%	2.61%	2.76%	2.81%
EPS ²	5	6.89	7.44	8.53	7.01	7.508	8.156	9.063
Distribution rate	46%	35.7%	39.4%	37%	48.2%	47.2%	46%	42.2%
Net sales ¹	13,819	14,477	17,107	16,828	17,046	17,262	17,927	18,884
EBITDA ¹	6,852	7,220	8,591	8,414	8,217	8,545	9,015	9,624
EBIT ¹	5,263	5,622	6,862	6,597	6,325	6,566	6,990	7,559
Net income ¹	3,562	4,892	5,118	5,625	4,448	4,689	4,939	5,338
Net Debt ¹	12,337	11,647	15,101	17,998	20,505	21,125	21,570	22,043
Reference price ²	139.94	155.38	160.84	166.55	145.97	135.78	135.78	135.78
Nbr of stocks (in thousands)	710,200	706,300	676,000	645,695	629,500	615,500	-	-
Announcement Date	26/01/21	25/01/22	24/01/23	23/01/24	30/01/25	-	-	-

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	18.08x	6.07x	12.25x	2.61%	60.28B
CANADIAN PACIFIC KANSAS CITY LIMITED	21.9x	7.56x	14.66x	0.86%	66.25B
C.H. ROBINSON WORLDWIDE, INC.	32.25x	1.2x	21.33x	1.59%	18.57B
XPO, INC.	46.77x	2.45x	15.71x	-.--%	16.78B
AYVENS	9.73x	2.14x	34.75x	6.44%	10.73B
U-HAUL HOLDING COMPANY	39.25x	-	-	-	9.63B
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.	65.24x	1.41x	9.39x	1.39%	8.33B
RYDER SYSTEM, INC.	15.13x	1.16x	5.15x	1.8%	7.53B
RUMO S.A.	30.29x	3.5x	6.23x	5.01%	5.53B
Average	30.96x	3.19x	14.94x	2.46%	22.62B
Weighted average by Cap.	25.69x	5.12x	14.92x	1.89%