Added to YB: 2024-10-14
Pitch date: 2024-10-11
CNI [neutral]
Canadian National Railway Company
-12.01%
current return
Author Info
Company Info
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States.
Market Cap
CAD 81.0B
Pitch Price
CAD 111.77
Price Target
160.00 (+63%)
Dividend
2.70%
EV/EBITDA
11.10
P/E
17.87
EV/Sales
5.95
Sector
Ground Transportation
Category
value
9.1# Canadian National Railway
CNI (fairly valued): Rail duopoly w/ CPKC, 3.3% rev CAGR since 2011. Strong FCF, buybacks at good prices. 4.5-4.7% terminal growth implied at $157-158 CAD. Catalysts: rate cuts, operational efficiency. Risks: mining/petrochem decline (30-35% revenue). Fair value $160 CAD, 8% expected return.
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