Cargojet Inc (CJT) - Net Assets
Based on the latest financial reports, Cargojet Inc (CJT) has net assets worth CA$735.50 Million CAD (≈ $532.05 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 (CA$2.09 Billion ≈ $1.51 Billion USD) and total liabilities (CA$1.35 Billion ≈ $979.39 Million USD). 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. Check Cargojet Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$735.50 Million |
| % of Total Assets | 35.2% |
| 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. Also explore CJT total asset value for the complete picture of this company's asset base.
Annual Net Assets for Cargojet Inc (2005–2024)
The table below shows the annual net assets of Cargojet Inc from 2005 to 2024. For live valuation and market cap data, see CJT market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$737.70 Million ≈ $533.64 Million |
-5.97% |
| 2023-12-31 | CA$784.50 Million ≈ $567.50 Million |
-5.65% |
| 2022-12-31 | CA$831.50 Million ≈ $601.49 Million |
+22.93% |
| 2021-12-31 | CA$676.40 Million ≈ $489.30 Million |
+286.07% |
| 2020-12-31 | CA$175.20 Million ≈ $126.74 Million |
-36.57% |
| 2019-12-31 | CA$276.20 Million ≈ $199.80 Million |
+75.14% |
| 2018-12-31 | CA$157.70 Million ≈ $114.08 Million |
+2.01% |
| 2017-12-31 | CA$154.60 Million ≈ $111.84 Million |
+132.13% |
| 2016-12-31 | CA$66.60 Million ≈ $48.18 Million |
+21.64% |
| 2015-12-31 | CA$54.75 Million ≈ $39.61 Million |
-16.31% |
| 2014-12-31 | CA$65.42 Million ≈ $47.33 Million |
+4.61% |
| 2013-12-31 | CA$62.54 Million ≈ $45.24 Million |
-2.99% |
| 2012-12-31 | CA$64.47 Million ≈ $46.64 Million |
+1.34% |
| 2011-12-31 | CA$63.62 Million ≈ $46.02 Million |
-3.48% |
| 2010-12-31 | CA$65.91 Million ≈ $47.68 Million |
-3.04% |
| 2009-12-31 | CA$67.97 Million ≈ $49.17 Million |
-4.10% |
| 2008-12-31 | CA$70.88 Million ≈ $51.27 Million |
-4.22% |
| 2007-12-31 | CA$74.00 Million ≈ $53.53 Million |
-1.45% |
| 2006-12-31 | CA$75.09 Million ≈ $54.32 Million |
-5.82% |
| 2005-12-31 | CA$79.73 Million ≈ $57.67 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 | CA$134.00 Million | 18.16% |
| Common Stock | CA$588.50 Million | 79.77% |
| Other Comprehensive Income | CA$13.10 Million | 1.78% |
| Other Components | CA$2.10 Million | 0.28% |
| Total Equity | CA$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 |
|---|---|
|
JOST Werke AG
XETRA:JST
|
$847.36 Million |
|
Chongqing Gangjiu Co Ltd
SHG:600279
|
$847.54 Million |
|
Wangli Security & Surveillance Product Co. Ltd
SHG:605268
|
$847.70 Million |
|
Hua Yuan Property Co Ltd
SHG:600743
|
$847.97 Million |
|
Formosa Advanced Technologies Co Ltd
TW:8131
|
$847.09 Million |
|
Actblue Co Ltd
SHE:300816
|
$846.97 Million |
|
Grupo Posadas S.A.B. de C.V
MX:POSADASA
|
$846.73 Million |
|
Jiangsu Hanvo Safety Product Co. Ltd.
SHE:300952
|
$846.04 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 | CA$108.40 Million | +14.69% |
| Dividends Paid | CA$26.70 Million | -3.62% |
| Share Repurchases | CA$127.70 Million | -17.31% |
| Other Changes | CA$-800.00K | -0.11% |
| Total Change | CA$- | -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: 1.70x
- 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 11.83x to 1.70x 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 | CA$6.56 | CA$77.62 | x |
| 2006-12-31 | CA$6.17 | CA$77.62 | x |
| 2007-12-31 | CA$8.11 | CA$77.62 | x |
| 2008-12-31 | CA$7.63 | CA$77.62 | x |
| 2009-12-31 | CA$4.40 | CA$77.62 | x |
| 2010-12-31 | CA$6.62 | CA$77.62 | x |
| 2011-12-31 | CA$7.96 | CA$77.62 | x |
| 2012-12-31 | CA$8.07 | CA$77.62 | x |
| 2013-12-31 | CA$7.82 | CA$77.62 | x |
| 2014-12-31 | CA$7.37 | CA$77.62 | x |
| 2015-12-31 | CA$5.65 | CA$77.62 | x |
| 2016-12-31 | CA$6.17 | CA$77.62 | x |
| 2017-12-31 | CA$12.57 | CA$77.62 | x |
| 2018-12-31 | CA$11.68 | CA$77.62 | x |
| 2019-12-31 | CA$20.31 | CA$77.62 | x |
| 2020-12-31 | CA$11.24 | CA$77.62 | x |
| 2021-12-31 | CA$38.43 | CA$77.62 | x |
| 2022-12-31 | CA$40.96 | CA$77.62 | x |
| 2023-12-31 | CA$45.61 | CA$77.62 | x |
| 2024-12-31 | CA$45.54 | CA$77.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cargojet Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.83%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.61x
- Recent ROE (14.69%) is above the historical average (3.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.79% | 0.67% | 0.55x | 2.14x | CA$-5.40 Million |
| 2006 | 7.31% | 3.01% | 1.15x | 2.12x | CA$-1.48 Million |
| 2007 | 9.77% | 3.51% | 1.34x | 2.08x | CA$-124.68K |
| 2008 | -0.56% | -0.14% | 1.50x | 2.68x | CA$-5.40 Million |
| 2009 | 17.48% | 4.91% | 1.23x | 2.89x | CA$3.50 Million |
| 2010 | 7.64% | 2.59% | 1.29x | 2.28x | CA$-1.25 Million |
| 2011 | 5.97% | 2.29% | 1.44x | 1.80x | CA$-2.57 Million |
| 2012 | 5.51% | 2.10% | 1.49x | 1.76x | CA$-2.89 Million |
| 2013 | 5.33% | 1.90% | 1.51x | 1.86x | CA$-2.92 Million |
| 2014 | -14.56% | -4.95% | 0.67x | 4.36x | CA$-16.07 Million |
| 2015 | -32.95% | -6.24% | 0.64x | 8.23x | CA$-23.52 Million |
| 2016 | 3.60% | 0.73% | 0.72x | 6.94x | CA$-4.26 Million |
| 2017 | 15.33% | 6.19% | 0.61x | 4.06x | CA$8.24 Million |
| 2018 | 12.81% | 4.44% | 0.53x | 5.41x | CA$4.43 Million |
| 2019 | 4.20% | 2.38% | 0.44x | 3.98x | CA$-16.02 Million |
| 2020 | -50.11% | -13.13% | 0.55x | 6.99x | CA$-105.32 Million |
| 2021 | 24.75% | 22.09% | 0.51x | 2.20x | CA$99.76 Million |
| 2022 | 22.92% | 19.45% | 0.49x | 2.39x | CA$107.45 Million |
| 2023 | 4.75% | 4.25% | 0.43x | 2.60x | CA$-41.15 Million |
| 2024 | 14.69% | 10.83% | 0.52x | 2.61x | CA$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: $61,505,000
- Average return on equity (ROE) among peers: 48.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cargojet Inc (CJT) | CA$735.50 Million | 0.79% | 1.84x | $847.17 Million |
| Andlauer Healthcare Gr (AND) | $61.51 Million | 48.41% | 2.46x | $729.37 Million |
About 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