Company Valuation: Chemtrade Logistics Income Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 770.4 1,035 996.2 1,316 1,701 1,828 -
Change - 34.4% -3.79% 32.07% 29.26% 7.49% -
Enterprise Value (EV) 1 1,948 1,990 1,827 2,180 2,881 3,051 2,972
Change - 2.14% -8.21% 19.34% 32.16% 5.9% -2.61%
P/E Ratio -3.2x 9.06x 5.61x 10.5x 12.1x 11.7x 10.2x
PBR - - - 2.06x - 2.37x 2.05x
PEG - -0x 0.1x -0.3x 0.7x 0.8x 0.7x
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 1.41x 1.32x
EV / EBITDA 6.95x 4.62x 3.63x 4.63x 5.68x 5.99x 5.56x
EV / EBIT 47.8x 9.3x 6.41x 7.72x 11.1x 10.8x 10x
EV / FCF 14.7x 7.84x 7.77x 13.5x 16.1x 21.7x 16.6x
FCF Yield 6.82% 12.8% 12.9% 7.43% 6.2% 4.61% 6.01%
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% 4.38% 4.51%
EPS 2 -2.31 0.99 1.52 1.04 1.22 1.403 1.609
Distribution rate -26% 60.6% 39.5% 63.5% 56.6% 51.2% 45.9%
Net sales 1 1,369 1,813 1,847 1,787 1,998 2,170 2,254
EBITDA 1 280.4 430.9 502.6 470.8 507.4 509 534.1
EBIT 1 40.76 213.9 285.1 282.2 260 282.9 296.1
Net income 1 -235.2 109.1 249.3 126.9 139.4 143 167
Net Debt 1 1,178 954.5 830.5 864.2 1,180 1,223 1,144
Reference price 2 7.40 8.97 8.52 10.94 14.75 16.40 16.40
Nbr of stocks (in thousands) 1,04,109 1,15,431 1,16,921 1,20,261 1,15,298 1,11,465 -
Announcement Date 22/02/22 22/02/23 20/02/24 28/02/25 25/02/26 - -
1CAD in Million2CAD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.69x1.41x5.99x4.38% 130.93Cr
27.08x4.18x13.49x2.08% 12TCr
39.68x1.41x8.62x5.63% 4.46TCr
12.11x1.2x6.69x2.53% 3.32TCr
12.23x3.05x17.93x4.11% 2.67TCr
10.75x3.1x7.69x4.16% 2.48TCr
6.43x0.86x5.32x4.28% 2.08TCr
21.23x3.11x12.54x0.56% 2.06TCr
32.74x2.59x14.73x0.39% 1.92TCr
16.37x - - - 1.84TCr
Average 19.03x 2.32x 10.33x 3.12% 3.33TCr
Weighted average by Cap. 22.89x 2.89x 11.44x 2.92%

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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