CHR:CA:TSX-Chorus Aviation Inc (CAD)

COMMON STOCK | Airlines | TSX

Last Closing Price

CAD 4.51

Change

-0.07 (-1.53)%

Market Cap

CAD 0.74B

Volume

0.38M

Average Target Price

CAD 5.05 (+11.86%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Chorus Aviation Inc., through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services. The Regional Aircraft Leasing segment provides aircraft leasing to third-party air operators. As of February 18, 2021, this segment's portfolio of leased aircraft consisted of 62 aircraft of which 49 aircraft were on lease to airline customers, such as 18 Dash 8-400s, 16 ATR72-600s, four CRJ1000s, four E190s, two E195s, and five A220-300s. The company was formerly known as Jazz Air Income Fund and changed its name to Chorus Aviation Inc. in January 2011. Chorus Aviation Inc. was incorporated in 2010 and is based in Dartmouth, Canada.

Company Website : http://www.chorusaviation.com

Address : 3 Spectacle Lake Drive, Dartmouth, NS, Canada, B3B 1W8

Employees : 2,875

Fiscal Year End : December

Currency: CAD

Country : Canada

Technical Indicators

Beta : 2.38

52 Week High : 5.34

Short Ratio : 5.10

52 Week Low : 2.12

Shorted Shares : 5,784,579

200 Day Moving Average : 3.68

Shorted Shares Previous Month : 2,492,125

50 Day Moving Average : 4.59

Shares Held By Insiders : 8.27%

Short Percentage : 4.00%

Shares Held by Institutions : 4.35%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-04-09 )

Largest Industry Peers for Airlines

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
AC:CA Air Canada

-0.14 (-0.52%)

 CAD9.03B 89.39 11.91
EIF:CA Exchange Income Corporation

+0.04 (+0.10%)

 CAD1.38B 50.00 9.34

ETFs Containing CHR:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Airlines)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 21.89% 100% A+ 81% B-
Dividend Return N/A N/A N/A N/A N/A
Total Return 21.89% 100% A+ 80% B-
Trailing 12 Months  
Capital Gain 39.63% 67% D+ 54% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 39.63% 67% D+ 51% F
Trailing 5 Years  
Capital Gain -30.51% 33% F 16% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -30.51% 33% F 14% F
Average Annual (5 Year Horizon)  
Capital Gain -7.68% 33% F 13% F
Dividend Return 5.54% 50% F 93% A
Total Return -2.14% 33% F 19% F
Risk Return Profile  
Volatility (Standard Deviation) 38.15% 67% D+ 22% F
Risk Adjusted Return -5.62% 33% F 23% F
Market Capitalization 0.74B 33% F 63% D
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Airlines)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 18.32 100% A+ 37% F
Price/Book Ratio 1.16 100% A+ 69% D+
Price / Cash Flow Ratio 4.73 67% D+ 63% D
EV/EBITDA 7.63 100% A+ 70% C-
Management Effectiveness  
Return on Equity 6.66% 100% A+ 59% F
Return on Invested Capital 4.15% 67% D+ 56% F
Return on Assets 3.64% 100% A+ 75% C
Debt to Equity Ratio 306.51% 67% D+ 7% F
Technical Ratios  
Short Ratio 5.10 33% F 15% F
Short Percent N/A N/A N/A N/A N/A
Beta 2.38 100% A+ 8% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.