Cargojet Inc
Cargojet Inc. provides time-sensitive overnight air cargo services and carries in Canada. It operates domestic air cargo network services between Canadian cities; and provides aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, the United States, Mexico, South America, Europe and Asia. The company also operates scheduled and ad hoc inte… Read more
Cargojet Inc (CGJTF) - Net Assets
Latest net assets as of September 2025: $736.00 Million USD
Based on the latest financial reports, Cargojet Inc (CGJTF) has net assets worth $736.00 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.09 Billion) and total liabilities ($1.36 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $736.00 Million |
| % of Total Assets | 35.18% |
| Annual Growth Rate | 12.42% |
| 5-Year Change | 321.06% |
| 10-Year Change | 1247.38% |
| Growth Volatility | 71.37 |
Cargojet Inc - Net Assets Trend (2005–2024)
This chart illustrates how Cargojet Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cargojet Inc (2005–2024)
The table below shows the annual net assets of Cargojet Inc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $737.70 Million | -5.97% |
| 2023-12-31 | $784.50 Million | -5.65% |
| 2022-12-31 | $831.50 Million | +22.93% |
| 2021-12-31 | $676.40 Million | +286.07% |
| 2020-12-31 | $175.20 Million | -36.57% |
| 2019-12-31 | $276.20 Million | +75.14% |
| 2018-12-31 | $157.70 Million | +2.01% |
| 2017-12-31 | $154.60 Million | +132.13% |
| 2016-12-31 | $66.60 Million | +21.64% |
| 2015-12-31 | $54.75 Million | -16.31% |
| 2014-12-31 | $65.42 Million | +4.61% |
| 2013-12-31 | $62.54 Million | -2.99% |
| 2012-12-31 | $64.47 Million | +1.34% |
| 2011-12-31 | $63.62 Million | -3.48% |
| 2010-12-31 | $65.91 Million | -3.04% |
| 2009-12-31 | $67.97 Million | -4.10% |
| 2008-12-31 | $70.88 Million | -4.22% |
| 2007-12-31 | $74.00 Million | -1.45% |
| 2006-12-31 | $75.09 Million | -5.82% |
| 2005-12-31 | $79.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cargojet Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 13767430700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $134.00 Million | 18.16% |
| Common Stock | $588.50 Million | 79.77% |
| Other Comprehensive Income | $13.10 Million | 1.78% |
| Other Components | $2.10 Million | 0.28% |
| Total Equity | $737.70 Million | 100.00% |
Cargojet Inc Competitors by Market Cap
The table below lists competitors of Cargojet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunvim Group Co Ltd
SHE:002083
|
$791.11 Million |
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$791.77 Million |
|
Shenzhen Center Power Tech Co Ltd
SHE:002733
|
$792.53 Million |
|
Weichai Heavy Machinery Co Ltd
SHE:000880
|
$792.90 Million |
|
NHPCF
PINK:NHPCF
|
$790.96 Million |
|
Costamare Inc
NYSE:CMRE
|
$790.89 Million |
|
Xuzhou Handler Special Vehicle Co Ltd
SHE:300201
|
$790.76 Million |
|
Thurgauer Kantonalbank
SW:TKBP
|
$790.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cargojet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 784,500,000 to 737,700,000, a change of -46,800,000 (-6.0%).
- Net income of 108,400,000 contributed positively to equity growth.
- Dividend payments of 26,700,000 reduced retained earnings.
- Share repurchases of 127,700,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $108.40 Million | +14.69% |
| Dividends Paid | $26.70 Million | -3.62% |
| Share Repurchases | $127.70 Million | -17.31% |
| Other Changes | $-800.00K | -0.11% |
| Total Change | $- | -5.97% |
Book Value vs Market Value Analysis
This analysis compares Cargojet Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.19x to 1.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $6.56 | $53.77 | x |
| 2006-12-31 | $6.17 | $53.77 | x |
| 2007-12-31 | $8.11 | $53.77 | x |
| 2008-12-31 | $7.63 | $53.77 | x |
| 2009-12-31 | $4.40 | $53.77 | x |
| 2010-12-31 | $6.62 | $53.77 | x |
| 2011-12-31 | $7.96 | $53.77 | x |
| 2012-12-31 | $8.07 | $53.77 | x |
| 2013-12-31 | $7.82 | $53.77 | x |
| 2014-12-31 | $7.37 | $53.77 | x |
| 2015-12-31 | $5.64 | $53.77 | x |
| 2016-12-31 | $6.17 | $53.77 | x |
| 2017-12-31 | $12.57 | $53.77 | x |
| 2018-12-31 | $11.68 | $53.77 | x |
| 2019-12-31 | $20.31 | $53.77 | x |
| 2020-12-31 | $11.24 | $53.77 | x |
| 2021-12-31 | $38.43 | $53.77 | x |
| 2022-12-31 | $40.96 | $53.77 | x |
| 2023-12-31 | $45.61 | $53.77 | x |
| 2024-12-31 | $40.53 | $53.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cargojet Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.83%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.61x
- Recent ROE (14.69%) is above the historical average (3.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.79% | 0.67% | 0.55x | 2.14x | $-5.40 Million |
| 2006 | 7.31% | 3.01% | 1.15x | 2.12x | $-1.48 Million |
| 2007 | 9.77% | 3.51% | 1.34x | 2.08x | $-124.68K |
| 2008 | -0.56% | -0.14% | 1.50x | 2.68x | $-5.40 Million |
| 2009 | 17.48% | 4.91% | 1.23x | 2.89x | $3.50 Million |
| 2010 | 7.64% | 2.59% | 1.29x | 2.28x | $-1.25 Million |
| 2011 | 5.97% | 2.29% | 1.44x | 1.80x | $-2.57 Million |
| 2012 | 5.51% | 2.10% | 1.49x | 1.76x | $-2.89 Million |
| 2013 | 5.33% | 1.90% | 1.51x | 1.86x | $-2.92 Million |
| 2014 | -14.56% | -4.95% | 0.67x | 4.36x | $-16.07 Million |
| 2015 | -32.95% | -6.24% | 0.64x | 8.23x | $-23.52 Million |
| 2016 | 3.60% | 0.73% | 0.72x | 6.94x | $-4.26 Million |
| 2017 | 15.33% | 6.19% | 0.61x | 4.06x | $8.24 Million |
| 2018 | 12.81% | 4.44% | 0.53x | 5.41x | $4.43 Million |
| 2019 | 4.20% | 2.38% | 0.44x | 3.98x | $-16.02 Million |
| 2020 | -50.11% | -13.13% | 0.55x | 6.99x | $-105.32 Million |
| 2021 | 24.75% | 22.09% | 0.51x | 2.20x | $99.76 Million |
| 2022 | 22.92% | 19.45% | 0.49x | 2.39x | $107.45 Million |
| 2023 | 4.75% | 4.25% | 0.43x | 2.60x | $-41.15 Million |
| 2024 | 14.69% | 10.83% | 0.52x | 2.61x | $34.63 Million |
Industry Comparison
This section compares Cargojet Inc's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $402,212,403
- Average return on equity (ROE) among peers: 14.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cargojet Inc (CGJTF) | $736.00 Million | 0.79% | 1.84x | $791.09 Million |
| Andlauer Healthcare Group Inc (ANDHF) | $352.12 Million | 25.55% | 0.83x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $38.42 Million | 0.28% | 1.15x | $7.03 Million |
| Addentax Group Corp (ATXG) | $86.00K | 65.43% | 97.87x | $2.89 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.09 Million | -61.17% | 5.78x | $4.28 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $641.80 Million | 48.03% | 11.59x | $1.70 Billion |
| CH Robinson Worldwide Inc (CHRW) | $1.88 Billion | 26.94% | 1.74x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $14.82 Million |