Company Valuation: Canadian Pacific Kansas City Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 84,573 93,896 97,700 97,143 91,029 100,085 - -
Change - 11.02% 4.05% -0.57% -6.29% 9.95% - -
Enterprise Value (EV) 1 104,631 113,096 119,730 119,027 114,033 123,240 122,820 120,524
Change - 8.09% 5.87% -0.59% -4.2% 8.07% -0.34% -1.87%
P/E ratio 21.8x 26.8x 24.9x 26.2x 22.4x 22.4x 19.4x 17.4x
PBR 1.83x 2.41x 2.36x 2.03x 1.98x 2.07x 1.96x 1.77x
PEG - -2.73x 2.1x -4.8x 1.7x 2.2x 1.3x 1.5x
Capitalization / Revenue 10.6x 10.7x 7.78x 6.68x 6.04x 6.26x 5.9x 5.49x
EV / Revenue 13.1x 12.8x 9.54x 8.18x 7.56x 7.71x 7.24x 6.61x
EV / EBITDA 26x 26.6x 18.6x 15.8x 14.6x 14.8x 13.5x 12.2x
EV / EBIT 32.6x 33.2x 24.5x 21.1x 20.3x 19.3x 17.4x 15.3x
EV / FCF 48.5x 43.8x 71.7x 48.7x 51.7x 33.5x 29.8x 27x
FCF Yield 2.06% 2.29% 1.39% 2.05% 1.94% 2.99% 3.35% 3.7%
Dividend per Share 2 0.76 0.76 0.76 0.76 0.874 0.9538 1.047 1.102
Rate of return 0.84% 0.75% 0.72% 0.73% 0.86% 0.86% 0.94% 0.99%
EPS 2 4.18 3.77 4.21 3.98 4.51 4.972 5.739 6.395
Distribution rate 18.2% 20.2% 18.1% 19.1% 19.4% 19.2% 18.2% 17.2%
Net sales 1 7,995 8,814 12,555 14,546 15,078 15,981 16,954 18,225
EBITDA 1 4,017 4,256 6,425 7,543 7,811 8,343 9,077 9,915
EBIT 1 3,206 3,403 4,882 5,643 5,609 6,383 7,070 7,871
Net income 1 2,852 3,517 3,927 3,718 4,141 4,341 4,811 5,122
Net Debt 1 20,058 19,200 22,030 21,884 23,004 23,155 22,734 20,439
Reference price 2 90.98 100.95 104.84 104.08 101.05 111.54 111.54 111.54
Nbr of stocks (in thousands) 929,573 930,124 931,895 933,345 900,831 897,304 - -
Announcement Date 27/01/22 31/01/23 30/01/24 29/01/25 28/01/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.46x7.72x14.78x0.85% 73.28B
19.23x6.42x13.08x2.42% 67.53B
55.86x3.42x20.77x-.--% 26.42B
30.12x1.34x21.29x1.38% 21.48B
39.01x1.58x9.87x1.2% 10.47B
8.88x2.33x32.01x5.87% 10.43B
157.1x - - - 9.67B
16.81x1.2x5.3x1.56% 8.9B
15.15x3.63x6.47x2.25% 6.16B
36.8x0.91x7.97x1.36% 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%

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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