Company Valuation: Chemtrade Logistics Income Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 770.4 1,035 996.2 1,316 1,701 1,604 - -
Change - 34.4% -3.79% 32.07% 29.26% -5.69% - -
Enterprise Value (EV) 1 1,948 1,990 1,827 2,180 2,881 2,801 2,727 1,604
Change - 2.14% -8.21% 19.34% 32.16% -2.78% -2.62% -41.19%
P/E -3.2x 9.06x 5.61x 10.5x 12.1x 10.6x 9.16x -
PBR - - - 2.06x 2.17x 1.89x 1.7x -
PEG - -0x 0.1x -0.3x 0.7x 1x 0.6x -
Capitalization / Revenue 0.56x 0.57x 0.54x 0.74x 0.85x 0.71x 0.69x 0.67x
EV / Revenue 1.42x 1.1x 0.99x 1.22x 1.44x 1.23x 1.17x 0.67x
EV / EBITDA 6.95x 4.62x 3.63x 4.63x 5.68x 5.55x 5.12x 2.92x
EV / EBIT 47.8x 9.3x 6.41x 7.72x 11.1x 10.3x 9.31x 5.09x
EV / FCF 14.7x 7.84x 7.77x 13.5x 16.1x 23x 16.4x -
FCF Yield 6.82% 12.8% 12.9% 7.43% 6.2% 4.36% 6.1% -
Dividend per Share 2 0.6 0.6 0.6 0.66 0.69 0.72 0.739 0.72
Rate of return 8.11% 6.69% 7.04% 6.03% 4.68% 5.03% 5.17% 5.03%
EPS 2 -2.31 0.99 1.52 1.04 1.22 1.349 1.561 -
Distribution rate -26% 60.6% 39.5% 63.5% 56.6% 53.4% 47.4% -
Net sales 1 1,369 1,813 1,847 1,787 1,998 2,271 2,330 2,384
EBITDA 1 280.4 430.9 502.6 470.8 507.4 504.9 533.2 549
EBIT 1 40.76 213.9 285.1 282.2 260 270.8 293.1 315.3
Net income 1 -235.2 109.1 249.3 126.9 139.4 156 173 -
Net Debt 1 1,178 954.5 830.5 864.2 1,180 1,197 1,124 -
Reference price 2 7.40 8.97 8.52 10.94 14.75 14.30 14.30 14.30
Nbr of stocks (in thousands) 104,109 115,431 116,921 120,261 115,298 112,161 - -
Announcement Date 22/02/22 22/02/23 20/02/24 28/02/25 25/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.6x1.23x5.55x5.04% 1.15B
26.93x4.18x13.43x2.15% 123B
16.61x6.17x31.45x2.76% 58.36B
57.15x1.33x9.33x6.18% 38.8B
11.96x1.22x6.66x2.83% 34.28B
9.91x3.21x7.54x4.38% 25.97B
78.7x14.29x51.99x0.06% 21.04B
8.58x0.86x5.28x4.4% 20.27B
16x0.77x5.75x1.93% 18.82B
9.87x1.01x7.73x4.32% 17.67B
Average 24.63x 3.43x 14.47x 3.4% 35.89B
Weighted average by Cap. 26.39x 3.90x 15.94x 3.02%

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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  4. Valuation Chemtrade Logistics Income Fund
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