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 1,824 - -
Change - 34.4% -3.79% 32.07% 29.26% 7.23% - -
Enterprise Value (EV) 1 1,948 1,990 1,827 2,180 2,881 3,070 2,967 1,824
Change - 2.14% -8.21% 19.34% 32.16% 6.55% -3.36% -38.53%
P/E -3.2x 9.06x 5.61x 10.5x 12.1x 11.8x 10.2x 10.1x
PBR - - - 2.06x 2.17x 2.37x 2.04x -
PEG - -0x 0.1x -0.3x 0.7x 0.8x 0.7x 10.41x
Capitalization / Revenue 0.56x 0.57x 0.54x 0.74x 0.85x 0.84x 0.81x -
EV / Revenue 1.42x 1.1x 0.99x 1.22x 1.44x 1.42x 1.32x -
EV / EBITDA 6.95x 4.62x 3.63x 4.63x 5.68x 6.07x 5.57x 3.46x
EV / EBIT 47.8x 9.3x 6.41x 7.72x 11.1x 11x 10x -
EV / FCF 14.7x 7.84x 7.77x 13.5x 16.1x 24.8x 16.8x -
FCF Yield 6.82% 12.8% 12.9% 7.43% 6.2% 4.03% 5.97% -
Dividend per Share 2 0.6 0.6 0.6 0.66 0.69 0.7175 0.739 -
Rate of return 8.11% 6.69% 7.04% 6.03% 4.68% 4.39% 4.52% -
EPS 2 -2.31 0.99 1.52 1.04 1.22 1.391 1.604 1.62
Distribution rate -26% 60.6% 39.5% 63.5% 56.6% 51.6% 46.1% -
Net sales 1 1,369 1,813 1,847 1,787 1,998 2,167 2,250 -
EBITDA 1 280.4 430.9 502.6 470.8 507.4 505.9 532.7 527
EBIT 1 40.76 213.9 285.1 282.2 260 280.2 296.7 -
Net income 1 -235.2 109.1 249.3 126.9 139.4 148.5 169.3 -
Net Debt 1 1,178 954.5 830.5 864.2 1,180 1,246 1,143 -
Reference price 2 7.40 8.97 8.52 10.94 14.75 16.36 16.36 16.36
Nbr of stocks (in thousands) 104,109 115,431 116,921 120,261 115,298 111,465 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.76x1.42x6.07x4.39% 1.3B
27.06x4.26x13.7x2.12% 125B
34.05x1.2x7.42x6.79% 39.98B
14.54x4.35x30.03x2.71% 39.17B
12.64x1.22x6.94x2.42% 34.53B
10.53x3.1x7.68x4.2% 25.08B
6.64x0.89x5.75x4.44% 20.05B
16.61x - - - 18.72B
17.41x0.76x6.12x1.25% 17.52B
68.34x12.15x45.02x0.08% 17.43B
Average 21.96x 3.26x 14.30x 3.16% 33.88B
Weighted average by Cap. 23.52x 3.48x 14.48x 2.97%

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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