This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Power calculations see Aden
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q2 2023
Cargojet Inc TSX CJT OTC CGJTF https://cargojet.com/ Fiscal Yr: Dec 31
Year 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 1/1/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
USD - CDN$ 0.9946 1.0170 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3544 1.3544 1.3544 1.54% <-IRR #YR-> 5 USD - CDN$
Change -4.97% 2.25% -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% 0.00% 0.00% 0.00% 3.13% <-IRR #YR-> 10 USD - CDN$
$941 <-12 mths -3.94%
Revenue* $156.205 $165.511 $168.771 $175.376 $192.398 $289.0 $331.0 $382.9 $454.9 $486.6 $668.5 $757.8 $979.9 $954 $1,032 $1,163 480.61% <-Total Growth 10 Revenue
Increase 8.79% 5.96% 1.97% 3.91% 9.71% 50.21% 14.53% 15.68% 18.80% 6.97% 37.38% 13.36% 29.31% -2.64% 8.18% 12.69% 19.23% <-IRR #YR-> 10 Revenue 480.61%
5 year Running Average $158.1 $164.4 $167.9 $161.9 $171.7 $198.2 $231.3 $274.1 $330.0 $388.9 $464.8 $550 $669.5 $769.4 $878.4 $977.3 20.68% <-IRR #YR-> 5 Revenue 155.92%
Revenue per Share $24.27 $20.84 $21.27 $22.12 $21.07 $28.62 $31.10 $28.61 $33.81 $36.04 $42.86 $43.74 $56.96 $55.43 $59.97 $67.58 14.83% <-IRR #YR-> 10 5 yr Running Average 298.66%
Increase -2.65% -14.12% 2.04% 3.99% -4.73% 35.82% 8.67% -8.00% 18.18% 6.60% 18.91% 2.06% 30.23% -2.68% 8.18% 12.69% 19.55% <-IRR #YR-> 5 5 yr Running Average 144.24%
5 year Running Average $24.51 $24.68 $24.42 $22.68 $21.91 $22.78 $24.83 $26.30 $28.64 $31.64 $34.49 $37.01 $42.68 $47.01 $51.79 $56.74 10.35% <-IRR #YR-> 10 Revenue per Share 167.85%
P/S (Price/Sales) Med 0.33 0.39 0.36 0.52 0.98 0.85 1.19 1.78 2.16 2.40 3.75 2.72 2.65 2.04 14.77% <-IRR #YR-> 5 Revenue per Share 99.09%
P/S (Price/Sales) Close 0.35 0.42 0.40 0.65 1.31 0.90 1.47 2.05 2.09 2.87 5.01 3.81 2.04 1.74 1.61 2.14 5.74% <-IRR #YR-> 10 5 yr Running Average 74.81%
P/S 10 Year Median  0.38 0.39 0.37 0.39 0.41 0.41 0.45 0.45 0.68 0.92 1.08 1.48 1.97 2.10 2.16 2.28 10.17% <-IRR #YR-> 5 5 yr Running Average 62.28%
*Revenue in M CDN $  P/S Med 20 yr  0.89 15 yr  0.98 10 yr  1.97 5 yr  2.65 -11.84% Diff M/C
Operating Costs to Rev SAP
-$168.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $979.9
-$382.9 $0.0 $0.0 $0.0 $0.0 $979.9
-$167.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $669.5
-$274.1 $0.0 $0.0 $0.0 $0.0 $669.5
-$21.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $56.96
-$28.61 $0.00 $0.00 $0.00 $0.00 $56.96
$5.58 <-12 mths -19.71%
Adjusted Profit CDN$ $5.872 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
AEPS* Dilued (Distributable Cash to) $0.73 $0.48 $0.48 $0.42 -$1.07 -$1.86 $0.22 $1.93 $1.50 $0.85 -$5.63 $6.06 $6.95 $4.84 $5.61 $6.69 1347.92% <-Total Growth 10 AEPS
Increase -23.96% -34.25% 0.00% -12.50% -354.76% -73.83% 111.83% 777.27% -22.28% -43.33% -762.35% 207.64% 14.69% -30.36% 15.91% 19.25% 7 3 10 Years of Data, EPS P or N 70.00%
5 year Running Average $0.76 $0.61 $0.21 -$0.31 -$0.36 -$0.07 $0.14 $0.53 -$0.23 $0.94 $1.95 $2.61 $3.57 $6.03 30.64% <-IRR #YR-> 10 AEPS 1347.92%
AEPS Yield 8.61% 5.43% 5.61% 2.91% -3.89% -7.21% 0.48% 3.29% 2.12% 0.82% -2.62% 3.64% 5.97% 5.03% 5.83% 4.63% 29.21% <-IRR #YR-> 5 AEPS 260.10%
Payout Ratio 66.08% 110.63% 119.83% 154.38% 0.00% 0.00% 282.86% 38.08% 55.23% 107.53% 0.00% 16.73% 15.71% 23.64% 20.39% 17.10% 9.92% <-IRR #YR-> 10 5 yr Running Average 157.41%
5 year Running Average 87.35% 100.31% 90.18% 76.97% 111.42% 95.07% 75.24% 96.74% 96.74% 43.52% 39.04% 32.72% 15.29% 18.71% #NUM! <-IRR #YR-> 5 5 yr Running Average 2802.78%
Price/AEPS Median 11.03 16.79 15.94 27.32 -19.33 -13.09 167.64 26.33 48.75 101.74 -28.52 19.65 21.72 23.35 0.09 0.00 24.02 <-Median-> 10 Price/AEPS Median
Price/AEPS High 14.04 19.79 18.75 34.40 -25.80 -15.64 234.32 30.39 58.21 124.89 -43.64 36.53 27.35 27.30 0.00 0.00 32.40 <-Median-> 10 Price/AEPS High
Price/AEPS Low 8.01 13.79 13.13 20.24 -12.85 -10.54 100.95 22.27 39.29 78.59 -13.41 2.78 16.09 19.40 0.00 0.00 18.16 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 11.62 18.42 17.81 34.40 -25.70 -13.88 207.91 30.39 47.19 121.56 -38.16 27.50 16.74 19.89 17.16 21.59 28.95 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 17.81 30.10 65.48 -24.12 -24.59 266.59 36.68 68.89 252.74 -29.60 19.20 13.85 19.89 25.75 33.39 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 27.41% 5 Yrs   16.73% P/CF 5 Yrs   in order 21.72 36.53 16.09 27.50 -8.44% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
$7.92 <-12 mths -21.97%
Difference Basic and Diluted 3.08% 0.00% 4.00% 0.00% 0.00% 0.00% 4.35% 1.53% 0.66% 1.16% 0.00% 2.26% 8.06% 0.01 <-Median-> 10 Difference Basic and Diluted
EPS Basic $0.65 $0.48 $0.50 $0.42 -$1.07 -$1.86 $0.23 $1.96 $1.51 $0.86 -$5.63 $9.73 $11.04 2108.00% <-Total Growth 10 EPS Basic
EPS Diluted* $0.63 $0.48 $0.48 $0.42 -$1.07 -$1.86 $0.22 $1.93 $1.50 $0.85 -$5.63 $9.51 $10.15 $4.88 $5.15 $4.94 2014.58% <-Total Growth 10 EPS Diluted
Increase -49.60% -23.81% 0.00% -12.50% -354.76% -73.83% 111.83% 777.27% -22.28% -43.33% -762.35% 268.92% 6.73% -51.92% 5.53% -4.08% 7 3 10 Years of Data, EPS P or N 70.00%
Earnings Yield 7.43% 5.43% 5.61% 2.91% -3.89% -7.21% 0.48% 3.29% 2.12% 0.82% -2.62% 5.71% 8.72% 5.07% 5.35% 3.42% 35.68% <-IRR #YR-> 10 Earnings per Share 2014.58%
5 year Running Average $0.65 $0.62 $0.56 $0.65 $0.19 -$0.31 -$0.36 -$0.07 $0.14 $0.53 -$0.23 $1.63 $3.28 $3.95 $4.81 $6.93 39.37% <-IRR #YR-> 5 Earnings per Share 425.91%
10 year Running Average $0.36 $0.17 $0.13 $0.24 $0.40 $0.36 -$0.27 $0.64 $1.60 $2.05 $2.67 $3.35 19.32% <-IRR #YR-> 10 5 yr Running Average 485.00%
* Diluted ESP per share  E/P 10 Yrs 1.47% 5Yrs 2.12% #NUM! <-IRR #YR-> 5 5 yr Running Average 4650.00%
-$0.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.15
-$1.93 $0.00 $0.00 $0.00 $0.00 $10.15
-$0.56 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.28
$0.07 $0.00 $0.00 $0.00 $0.00 $3.28
Dividend* $1.14 $1.22 $1.22 Estimates Dividend*
Increase 4.40% 7.02% 0.00% Estimates Increase
Payout Ratio EPS 23.36% 23.69% 24.70% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.48 $0.53 $0.575 $0.60 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $1.09 $1.144 $1.144 $1.144 89.85% <-Total Growth 10 Dividends
Increase -0.74% 10.07% 8.32% 3.69% 0.00% 0.00% 4.34% 18.11% 12.72% 10.32% 2.41% 8.33% 7.69% 4.76% 0.00% 0.00% 12 3 17 Years of data, Count P, N 70.59%
Average Increases 5 Year Running -56.60% -53.95% -43.18% 22.72% 23.63% 12.32% 8.19% 23.24% 38.92% 53.25% 50.41% 37.96% 31.80% 25.16% 22.22% 12.82% 27.72% <-Median-> 10 5 year Increases % inc
Dividends 5 Yr Running $0.85 $0.73 $0.62 $0.54 $0.57 $0.59 $0.61 $0.64 $0.68 $0.74 $0.81 $0.89 $0.96 $1.02 $1.07 $1.11 54.99% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 5.99% 6.59% 7.52% 5.20% 2.88% 2.45% 1.69% 1.45% 1.13% 1.06% 0.58% 0.85% 0.72% 1.01% 1.29% <-Median-> 10 Yield H/L Price
Yield on High  Price 4.71% 5.59% 6.39% 4.13% 2.16% 2.05% 1.21% 1.25% 0.95% 0.86% 0.38% 0.46% 0.57% 0.87% 1.08% <-Median-> 10 Yield on High  Price
Yield on Low Price 8.25% 8.02% 9.13% 7.02% 4.34% 3.04% 2.80% 1.71% 1.41% 1.37% 1.24% 6.02% 0.98% 1.22% 2.26% <-Median-> 10 Yield on Low Price
Yield on Close Price 5.69% 6.01% 6.73% 4.13% 2.17% 2.31% 1.36% 1.25% 1.17% 0.88% 0.44% 0.61% 0.94% 1.19% 1.19% 0.79% 1.21% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 76.57% 110.63% 119.83% 154.38% 0.00% 0.00% 282.86% 38.08% 55.23% 107.53% 0.00% 10.66% 10.76% 23.44% 22.21% 23.16% $0.66 <-Median-> 18 DPR EPS
DPR EPS 5 Yr Running 131.43% 117.84% 110.25% 83.53% 301.43% 0.00% 0.00% 0.00% 469.25% 140.01% 0.00% 54.26% 29.21% 25.81% 22.15% 15.99% $0.42 <-Median-> 18 DPR EPS 5 Yr Running
Payout Ratio CFPS 23.37% 27.87% 22.43% 29.13% 0.00% 29.96% 10.68% 12.50% 12.21% 8.17% 4.99% 7.17% 6.65% 9.86% 7.78% 5.00% $0.19 <-Median-> 18 DPR CF
DPR CF 5 Yr Running 33.14% 31.93% 27.11% 23.01% 34.89% 36.63% 25.39% 20.93% 17.03% 11.67% 8.33% 7.80% 7.11% 7.07% 7.05% 6.94% $0.24 <-Median-> 14 DPR CF 5 Yr Running
Payout Ratio CFPS WC 18.03% 21.36% 23.31% 26.52% 80.26% 16.97% 7.59% 8.89% 8.69% 8.95% 5.16% 6.01% 5.91% 9.86% 7.78% 5.00% $0.19 <-Median-> 18 DPR CF WC
DPR CF WC 5 Yr Running 32.60% 28.43% 24.54% 21.61% 26.20% 25.29% 17.49% 13.80% 11.16% 9.30% 7.42% 7.02% 6.53% 6.77% 6.68% 6.55% $0.20 <-Median-> 14 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 1.29% 1.21% 5 Yr Med 5 Yr Cl 0.85% 0.88% 5 Yr Med Payout 10.76% 7.17% 6.01% 8.24% <-IRR #YR-> 5 Dividends 48.57%
* Dividends per share  10 Yr Med and Cur. -7.84% -1.92% 5 Yr Med and Cur. 39.61% 34.37% Last Div Inc ---> $0.260 $0.286 10.00% 6.62% <-IRR #YR-> 10 Dividends 89.85%
Dividends Growth 15 -0.36% <-IRR #YR-> 15 Dividends -5.29%
Dividends Growth 20 2.15% <-IRR #YR-> 17 Dividends #DIV/0!
Dividends Growth 5 -$0.74 $0.00 $0.00 $0.00 $0.00 $1.09 Dividends Growth 5
Dividends Growth 10 -$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09 Dividends Growth 20
Historical Dividends Historical High Div 24.15% Low Div 0.45% 10 Yr High 6.92% 10 Yr Low 0.39% Med Div 4.04% Close Div 3.22% Historical Dividends
High/Ave/Median Values Curr diff Exp. -95.08% 62.14% Exp. -82.82% 204.76% Exp. -70.58% Exp. -63.08% High/Ave/Median 
Future Dividend Yield Div Yield $0.02 earning in 5 Years at IRR of 8.24% Div Inc. 48.57% Future Dividend Yield
Future Dividend Yield Div Yield 2.62% earning in 10 Years at IRR of 8.24% Div Inc. 120.73% Future Dividend Yield
Future Dividend Yield Div Yield 3.90% earning in 15 Years at IRR of 8.24% Div Inc. 227.95% Future Dividend Yield
Future Dividend Paid Div Paid $1.70 earning in 5 Years at IRR of 8.24% Div Inc. 48.57% Future Dividend Paid
Future Dividend Paid Div Paid $2.53 earning in 10 Years at IRR of 8.24% Div Inc. 120.73% Future Dividend Paid
Future Dividend Paid Div Paid $3.75 earning in 15 Years at IRR of 8.24% Div Inc. 227.95% Future Dividend Paid
Dividend Covering Cost Total Div $6.74 over 5 Years at IRR of 8.24% Div Cov. 7.01% Dividend Covering Cost
Dividend Covering Cost Total Div $15.06 over 10 Years at IRR of 8.24% Div Cov. 15.65% Dividend Covering Cost
Dividend Covering Cost Total Div $27.42 over 15 Years at IRR of 8.24% Div Cov. 28.49% Dividend Covering Cost
Yield if held 5 years 5.01% 6.14% 4.90% 6.98% 10.24% 7.41% 7.72% 9.61% 7.22% 4.42% 3.84% 2.75% 2.15% 1.56% 1.32% 0.71% 7.10% <-Median-> 10 Paid Median Price
Yield if held 10 years 6.20% 7.19% 6.26% 9.70% 15.69% 11.63% 12.58% 14.27% 9.97% 5.53% 4.70% 10.66% <-Median-> 8 Paid Median Price
Yield if held 15 years 9.73% 11.72% 9.29% 13.40% 19.64% 14.21% 9.73% <-Median-> 3 Paid Median Price
Yield if held 20 years 11.89% #NUM! <-Median-> 0 Paid Median Price
Yield if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 30 years See TD Bank, NA
year 35 BMO, EMP, T, JNJ
Cost covered if held 5 years 44.13% 42.34% 26.27% 31.89% 48.64% 36.61% 37.70% 41.81% 29.44% 17.87% 16.58% 12.01% 9.42% 6.97% 6.16% 3.45% 30.66% <-Median-> 10 Paid Median Price Item
Cost covered if held 10 years 74.77% 77.45% 53.49% 71.45% 112.10% 86.75% 92.63% 104.35% 73.89% 43.65% 39.33% 82.10% <-Median-> 8 Paid Median Price EPS
Cost covered if held 15 years 116.72% 128.61% 94.21% 131.17% 203.60% 155.54% 116.72% <-Median-> 3 Paid Median Price AEPS
Cost covered if held 20 years 174.29% #NUM! <-Median-> 0 Paid Median Price CFPS
Cost covered if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price FCF 
Cost covered if held 30 years See CCL no sp
Yr  Item Tot. Growth
Revenue Growth  $382.9 $454.9 $486.6 $668.5 $757.8 $979.9 $3,730.6 155.92% <-Total Growth 5 Revenue Growth  155.92%
AEPS Growth $1.93 $1.50 $0.85 -$5.63 $9.51 $10.15 $18.31 425.91% <-Total Growth 5 AEPS Growth 425.91%
Net Income Growth $23.7 $20.2 $11.6 -$87.8 $167.4 $190.6 $325.7 704.22% <-Total Growth 5 Net Income Growth 704.22%
Cash Flow Growth $78.7 $91.3 $151.0 $292.6 $245.0 $282.5 $1,141.1 258.96% <-Total Growth 5 Cash Flow Growth 258.96%
Dividend Growth $0.74 $0.83 $0.91 $0.94 $1.01 $1.09 $5.52 48.57% <-Total Growth 5 Dividend Growth 48.57%
Stock Price Growth $58.65 $70.79 $103.33 $214.83 $166.67 $116.35 98.38% <-Total Growth 5 Stock Price Growth 98.38%
Revenue Growth  $168.8 $175.4 $192.4 $289.0 $331.0 $382.9 $454.9 $486.6 $668.5 $757.8 $979.9 $4,887.1 480.61% <-Total Growth 10 Revenue Growth  480.61%
AEPS Growth $0.48 $0.42 -$1.07 -$1.86 $0.22 $1.93 $1.50 $0.85 -$5.63 $9.51 $10.15 $16.50 2014.58% <-Total Growth 10 AEPS Growth 2014.58%
Net Income Growth $3.6 $3.3 -$9.5 -$18.0 $2.4 $23.7 $20.2 $11.6 -$87.8 $167.4 $190.6 $307.5 5265.72% <-Total Growth 10 Net Income Growth 5265.72%
Cash Flow Growth $20.4 $17.6 -$5.8 $20.1 $62.0 $78.7 $91.3 $151.0 $292.6 $245.0 $282.5 $1,255.4 1287.85% <-Total Growth 10 Cash Flow Growth 1287.85%
Dividend Growth $0.58 $0.60 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $1.09 $8.5 89.85% <-Total Growth 10 Dividend Growth 89.85%
Stock Price Growth $8.55 $14.45 $27.50 $25.81 $45.74 $58.65 $70.79 $103.33 $214.83 $166.67 $116.35 1260.82% <-Total Growth 10 Stock Price Growth 1260.82%
Dividends on Shares $50.65 $55.76 $60.40 $68.08 $62.62 $62.62 $65.34 $77.18 $86.99 $95.97 $98.28 $106.47 $114.66 $120.12 $120.12 $120.12 $1,400.12 No of Years 17 Total Dividends 12/31/05
Share Value $890.40 $928.20 $897.75 $1,517.25 $2,887.50 $2,710.05 $4,802.70 $6,158.25 $7,432.95 $10,849.65 $22,557.15 $17,500.35 $12,216.75 $10,106.25 $10,106.25 $15,165.15 $12,216.75 No of Years 17 Share Value $9.60
Total $13,616.87 Total 105.00
Dividends on Shares $75.86 $69.78 $69.78 $72.81 $86.00 $96.93 $106.94 $109.51 $118.64 $127.76 $133.85 $133.85 $133.85 $934.01 No of Years 10 Total Dividends 12/31/12
Share Value $1,000.35 $1,690.65 $3,217.50 $3,019.77 $5,351.58 $6,862.05 $8,282.43 $12,089.61 $25,135.11 $19,500.39 $13,612.95 $11,261.25 $11,261.25 $16,898.31 $13,612.95 No of Years 10 Share Value $8.55
Total $14,546.96 Total 117.00
Graham Number AEPS $11.62 $9.30 $9.37 $8.63 $8.23 $7.16 $5.57 $22.40 $19.89 $19.77 $14.66 $72.96 $86.94 $74.78 $80.51 $87.92 828.17% <-Total Growth 10 Graham Number AEPS
Increase -12.22% -19.93% 0.71% -7.83% -4.69% -12.97% -22.28% 302.44% -11.19% -0.59% -25.88% 397.80% 19.16% -13.99% 7.66% 9.20% -6.26% <-Median-> 10 Increase
Price/GP Ratio Med 0.69 0.87 0.82 1.33 2.51 3.40 6.63 2.27 3.68 4.37 10.96 1.63 1.74 1.51 2.96 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.88 1.02 0.96 1.67 3.36 4.06 9.26 2.62 4.39 5.37 16.76 3.03 2.19 1.77 3.71 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.50 0.71 0.67 0.98 1.67 2.74 3.99 1.92 2.96 3.38 5.15 0.23 1.29 1.26 2.33 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.73 0.95 0.91 1.67 3.34 3.60 8.22 2.62 3.56 5.23 14.66 2.28 1.34 1.29 1.20 1.64 3.45 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -27.00% -4.96% -8.72% 67.38% 234.21% 260.43% 721.86% 161.86% 255.90% 422.56% 1365.71% 128.43% 33.83% 28.71% 19.55% 64.28% 245.05% <-Median-> 10 Graham Price
Graham Number EPS $10.79 $9.30 $9.37 $8.63 $8.23 $7.16 $5.57 $22.40 $19.89 $19.77 $14.66 $91.40 $105.07 $75.09 $77.14 $75.55 1021.68% <-Total Growth 10 Graham Number EPS
Increase -28.54% -13.81% 0.71% -7.83% -4.69% -12.97% -22.28% 302.44% -11.19% -0.59% -25.88% 523.61% 14.95% -28.53% 2.73% -2.06% -6.26% <-Median-> 10 Increase
Price/GP Ratio Med 0.75 0.87 0.82 1.33 2.51 3.40 6.63 2.27 3.68 4.37 10.96 1.30 1.44 1.50 2.96 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.95 1.02 0.96 1.67 3.36 4.06 9.26 2.62 4.39 5.37 16.76 2.42 1.81 1.76 3.71 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.54 0.71 0.67 0.98 1.67 2.74 3.99 1.92 2.96 3.38 5.15 0.18 1.06 1.25 2.33 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.79 0.95 0.91 1.67 3.34 3.60 8.22 2.62 3.56 5.23 14.66 1.82 1.11 1.28 1.25 1.91 3.45 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -21.42% -4.96% -8.72% 67.38% 234.21% 260.43% 721.86% 161.86% 255.90% 422.56% 1365.71% 82.35% 10.74% 28.18% 24.78% 91.18% 245.05% <-Median-> 10 Graham Price
Based on EPS 3 Yrs EPS $11.10 $10.51 $11.99 $9.70 $8.61 $6.05 $4.44 $4.37 $5.05 $23.66 $18.99 $26.23 $41.41 $73.51 $97.22 $88.16 Based on EPS 3 Yrs EPS
Increase 22.52% -5.28% 14.05% -19.12% -11.21% -29.72% -26.64% -1.66% 15.65% 368.52% -19.73% 38.15% 57.86% 77.51% 32.25% -9.32% 311.74% <-Total Growth 10 Increase
Price/GP Ratio Med 0.73 0.77 0.64 1.18 2.40 4.02 8.31 11.64 14.48 3.66 8.46 4.54 3.65 1.54 428.15% <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.92 0.90 0.75 1.49 3.21 4.81 11.61 13.43 17.29 4.49 12.94 8.44 4.59 1.80 6.62 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.53 0.63 0.53 0.88 1.60 3.24 5.00 9.84 11.67 2.82 3.98 0.64 2.70 1.28 3.03 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 0.76 0.84 0.71 1.49 3.19 4.26 10.30 13.43 14.02 4.37 11.31 6.35 2.81 1.31 0.99 1.64 5.36 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close -23.61% -15.92% -28.70% 49.00% 219.35% 326.46% 930.25% 1243.36% 1301.96% 336.78% 1031.35% 535.36% 180.97% 30.94% -0.99% 63.83% 4.36 <-Median-> 10 Graham Price
Month, Year Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 32.00 <Count Years> 32 Month, Year
Price Close $8.48 $8.84 $8.55 $14.45 $27.50 $25.81 $45.74 $58.65 $70.79 $103.33 $214.83 $166.67 $116.35 $96.25 $96.25 $144.43 1260.82% <-Total Growth 10 Stock Price
Increase -7.12% 4.25% -3.28% 69.01% 90.31% -6.15% 77.22% 28.22% 20.70% 45.97% 107.91% -22.42% -30.19% -17.28% 0.00% 50.06% 76.32 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 13.46 18.42 17.81 34.40 -25.70 -13.88 207.91 30.39 47.19 121.56 -38.16 17.53 11.46 19.72 18.69 29.24 14.68% <-IRR #YR-> 5 Stock Price 98.38%
Trailing P/E Ratio 6.78 14.03 17.81 30.10 65.48 -24.12 -24.59 266.59 36.68 68.89 252.74 -29.60 12.23 9.48 19.72 28.04 29.83% <-IRR #YR-> 10 Stock Price 1260.82%
CAPE (10 Yr P/E) 31.03 76.32 127.08 85.87 69.83 103.95 -215.85 115.96 52.69 45.21 37.25 33.23 15.93% <-IRR #YR-> 5 Price & Dividend 106.54%
Median 10, 5 Yrs D.  per yr 3.41% 1.24% % Tot Ret 10.25% 7.81% T P/E $33.39 $36.68 P/E:  $23.96 $17.53 -4.26% Diff M/C 33.24% <-IRR #YR-> 10 Price & Dividend 1354.19%
Price 15 D.  per yr 2.22% % Tot Ret 12.93% CAPE Diff -74.16% 14.98% <-IRR #YR-> 15 Stock Price 711.37%
Price  20 D.  per yr 3.72% % Tot Ret 19.06% 15.81% <-IRR #YR-> 17 Stock Price
Price & Dividend 15 17.20% <-IRR #YR-> 15 Price & Dividend 788.56%
Price & Dividend 20 19.53% <-IRR #YR-> 17 Price & Dividend #DIV/0!
Price  5 -$58.65 $0.00 $0.00 $0.00 $0.00 $116.35 Price  5 TD bank
Price 10 -$8.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $116.35 Price 10 POW 30
Price & Dividend 5 -$58.65 $0.83 $0.91 $0.94 $1.01 $117.44 Price & Dividend 5
Price & Dividend 10 -$8.55 $0.65 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $117.44 Price & Dividend 10 to year 35
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $116.35 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $116.35 Price  20
Price & Dividend 15 $0.48 $0.53 $0.58 $0.65 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $117.44 Price & Dividend 15 Price  35
Price & Dividend 20 $0.48 $0.53 $0.58 $0.65 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $117.44 Price & Dividend 20 Price  40
Price H/L Median $8.05 $8.06 $7.65 $11.48 $20.68 $24.35 $36.88 $50.82 $73.13 $86.48 $160.60 $119.11 $150.95 $113.00 50.06% 1873.20% <-Total Growth 10 Stock Price
Increase 38.20% 0.12% -5.09% 50.00% 80.22% 17.72% 51.49% 37.78% 43.91% 18.26% 85.70% -25.84% 26.74% -25.14% 1.19% 24.33% <-IRR #YR-> 5 Stock Price 197.06%
P/E Ratio 12.78 16.79 15.94 27.32 -19.33 -13.09 167.64 26.33 48.75 101.74 -28.52 12.52 14.87 23.16 51.25% 34.75% <-IRR #YR-> 10 Stock Price 1873.20%
Trailing P/E Ratio 6.44 12.79 15.94 23.91 49.24 -22.75 -19.83 230.98 37.89 57.65 188.94 -21.16 15.87 11.13 25.57% <-IRR #YR-> 5 Price & Dividend 197.06%
P/E on Running 5 yr Average 12.46 12.96 13.66 17.60 110.00 -78.53 -101.88 -705.76 507.85 163.79 -710.60 72.98 46.08 28.59 38.19% <-IRR #YR-> 10 Price & Dividend 1977.56%
P/E on Running 10 yr Average 57.29 144.91 283.69 208.26 183.74 241.56 -599.24 187.57 94.23 55.18 14.87 P/E Ratio Historical Median 206.47%
Median 10, 5 Yrs D.  per yr 1.25% 3.44% % Tot Ret 4.87% 9.02% T P/E 30.90 37.89 P/E:  20.60 14.87 Count 17 Years of data
-$50.82 $0.00 $0.00 $0.00 $0.00 $150.95
-$7.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $150.95
-$50.82 $0.83 $0.91 $0.94 $1.01 $152.04
-$7.65 $0.65 $0.60 $0.60 $0.62 $0.74 $0.83 $0.91 $0.94 $1.01 $152.04
High Months Jan Jun Jan Dec Dec May Nov Dec Oct Dec Nov Feb Mar Feb
Price High $10.25 $9.50 $9.00 $14.45 $27.61 $29.09 $51.55 $58.65 $87.32 $106.16 $245.68 $221.36 $190.08 $132.12 2012.00% <-Total Growth 10 Stock Price
Increase 9.04% -7.32% -5.26% 60.56% 91.07% 5.36% 77.21% 13.77% 48.88% 21.58% 131.42% -9.90% -14.13% -30.49% 26.51% <-IRR #YR-> 5 Stock Price 224.09%
P/E Ratio 16.27 19.79 18.75 34.40 -25.80 -15.64 234.32 30.39 58.21 124.89 -43.64 23.28 18.73 27.07 35.67% <-IRR #YR-> 10 Stock Price 2012.00%
Trailing P/E Ratio 8.20 15.08 18.75 30.10 65.74 -27.19 -27.72 266.59 45.24 70.77 289.04 -39.32 19.99 13.02 18.84 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 37.67 45.24 P/E:  26.83 23.28 164.09 P/E Ratio Historical High
-$58.65 $0.00 $0.00 $0.00 $0.00 $190.08
-$9.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $190.08
Low Months May Oct Jun Jan Jan Aug Feb May Jan Jan Mar Dec Sep Jul
Price Low $5.85 $6.62 $6.30 $8.50 $13.75 $19.60 $22.21 $42.98 $58.94 $66.80 $75.51 $16.85 $111.82 $93.88 1674.92% <-Total Growth 10 Stock Price
Increase 160.00% 13.16% -4.83% 34.92% 61.76% 42.55% 13.32% 93.52% 37.13% 13.34% 13.04% -77.69% 563.62% -16.04% 21.07% <-IRR #YR-> 5 Stock Price 160.17%
P/E Ratio 9.29 13.79 13.13 20.24 -12.85 -10.54 100.95 22.27 39.29 78.59 -13.41 1.77 11.02 19.24 33.33% <-IRR #YR-> 10 Stock Price 1674.92%
Trailing P/E Ratio 4.68 10.51 13.13 17.71 32.74 -18.32 -11.94 195.36 30.54 44.53 88.84 -2.99 11.76 9.25 11.60 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 24.12 30.54 P/E:  15.63 11.02 -17.45 P/E Ratio Historical Low
-$6.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $111.82
-$329 <-12 mths 0.00%
Free Cash Flow Company Std $4.88 $7.82 $12.9 $230.4 $132.8 $154.2
Change 16.11%
Free Cash Flow $6.7 -$109.9 -$99.3 $2.2 -$57.0 -$95.4 -$73.2 $146.0 -$46.4 -$328.7 $175.0 $105.0 $118.0 -5020.66% <-Total Growth 9 Free Cash Flow
Change -1744.91% 9.63% 102.22% -2690.91% -67.37% 23.27% 299.45% -131.78% -608.41% 153.24% -40.00% 12.38% 41.97% <-IRR #YR-> 5 Free Cash Flow MS -476.67%
FCF/CF from Op Ratio 0.38 18.79 -4.94 0.04 -0.72 -1.04 -0.48 0.50 -0.19 -1.16 0.88 0.42 0.30 #NUM! <-IRR #YR-> 9 Free Cash Flow MS #DIV/0!
Free Cash Flow Yield 0.06 -0.44 -0.38 0.00 -0.07 -0.10 -0.05 0.04 -0.02 -0.16 0.11 0.06 0.05 -6.25% <-Median-> 10 Free Cash Flow Yield
Dividends paid $4.03 $3.50 $4.48 $5.18 $5.23 $5.7 $6.4 $8.9 $11.1 $12.4 $14.6 $17.1 $18.9 $19.69 $19.69 $19.69 321.47% <-Total Growth 10 Dividends paid
Percentage paid 77.59% -4.76% -5.74% 290.91% -15.61% -11.64% -16.94% 10.00% -36.85% -5.75% 11.25% 18.75% 16.68% -$0.06 <-Median-> 10 Percentage paid
5 Year Coverage -12.21% -10.39% -13.79% -68.99% -50.87% -18.63% -64.95% 176.77% 415.12% 5 Year Coverage
Dividend Coverage Ratio -8.59 -5.90 10.00 -2.71 -17.39 8.89 5.33 5.99 -5.90 <-Median-> 5 Dividend Coverage Ratio
5 Year of Coverage -9.63 -7.25 -1.45 -1.97 -5.37 -1.54 0.57 0.24 5 Year of Coverage
$165 <-12 mths -0.12%
Free Cash Flow Company Adjusted -$4.76 -$5.13 $8.2 $3.4 -$5.5 $13.10 $49.90 $63.9 $43.0 $48.4 $196.8 $160.3 $165.3 1924.74% <-Total Growth 10 Free Cash Flow
Change -7.84% 259.20% -58.35% -261.76% 338.18% 280.92% 28.06% -32.71% 12.56% 306.61% -18.55% 3.12% 20.94% <-IRR #YR-> 5 Free Cash Flow MS 158.69%
FCF/CF from Op Ratio -0.34 0.40 0.19 0.94 0.65 0.80 0.81 0.47 0.32 0.67 0.65 0.59 35.09% <-IRR #YR-> 10 Free Cash Flow MS 1924.74%
Free Cash Flow Yield -0.07 0.12 0.03 -0.02 0.05 0.10 0.08 0.05 0.03 0.06 0.06 0.08 5.29% <-Median-> 10 Free Cash Flow Yield
Dividends paid $3.5 $4.5 $5.2 $5.2 $5.7 $6.4 $8.9 $11.1 $12.4 $14.6 $17.1 $18.9 321.47% <-Total Growth 10 Dividends paid
Percentage paid -68.27% 54.93% 152.44% -95.05% 43.51% 12.83% 13.93% 25.81% 25.62% 7.42% 10.67% 11.43% $0.13 <-Median-> 10 Percentage paid
5 Year Coverage 171.68% 39.09% 25.17% 22.71% 20.38% 13.28% 12.51% 12.07% 5 Year Coverage
Dividend Coverage Ratio -1.46 1.82 0.66 -1.05 2.30 7.80 7.18 3.87 3.90 13.48 9.37 8.75 5.54 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 0.58 2.56 3.97 4.40 4.91 7.53 7.99 8.28 5 Year of Coverage
Market Cap in $M $54.6 $70.2 $67.9 $114.6 $251.1 $260.6 $486.8 $784.9 $952.3 $1,395.0 $3,350.7 $2,887.4 $2,001.5 $1,656.4 $1,656.4 $2,485.6 2849.79% <-Total Growth 10 Market Cap 2849.79%
Diluted # of Shares in Millions 7.993 7.993 7.993 7.993 8.879 9.7 10.8 12.3 13.5 13.6 15.6 17.6 20.3 20.40 20.40 20.40 153.96% <-Total Growth 10 Diluted # of Shares in Million
Change 0.00% 0.00% 0.00% 0.00% 11.08% 9.25% 11.34% 13.89% 9.71% 0.79% 14.71% 12.82% 15.34% 0.49% 0.00% 0.00% 9.77% <-IRR #YR-> 10 Change
Difference Diluted/Basic -21.3% 0.0% 0.0% 0.0% 0.0% 0.0% -2.8% -1.6% -0.6% -0.7% 0.0% -2.3% -14.8% -15.7% -15.7% -15.7% 10.54% <-IRR #YR-> 5 Difference Diluted/Basic
Change in Diluted Shares per Year
-8.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3
-12.3 0.0 0.0 0.0 0.0 20.3
Basic # of Shares in Millions 6.293 8.0 8.0 7.993 8.879 9.7 10.5 12.1 13.4 13.5 15.6 17.2 17.3 17.20 17.20 17.20 116.43% <-Total Growth 10 Basic
Change -1.17% 27.03% 0.00% 0.00% 11.08% 9.25% 8.25% 15.24% 10.83% 0.67% 15.56% 10.26% 0.58% -0.58% 0.00% 0.00% 9.75% <-Median-> 10 Change
Difference Basic/Outstanding 2.30% -0.65% -0.72% -0.80% 2.84% 4.11% 1.37% 10.60% 0.32% 0.00% -0.02% 0.72% -0.57% 0.06% 0.06% 0.06% 0.52% <-Median-> 10 Difference Basic/Outstanding
$266 <-12 mths -5.84%
# of Share in Millions 6.437 7.942 7.936 7.930 9.131 10.099 10.643 13.383 13.453 13.500 15.597 17.324 17.202 17.209 17.209 17.209 8.04% <-IRR #YR-> 10 Shares 116.77%
Change 11.75% 23.37% -0.07% -0.08% 15.15% 10.59% 5.39% 25.74% 0.53% 0.35% 15.53% 11.07% -0.70% 0.04% 0.00% 0.00% 5.15% <-IRR #YR-> 5 Shares 28.54%
Cash Flow from Operations $M $13.289 $15.130 $20.355 $17.648 -$5.847 $20.1 $62.0 $78.7 $91.3 $151.0 $292.6 $245.0 $282.5 $199.6 $253.0 $394.1 1287.85% <-Total Growth 10 Cash Flow
Increase -24.97% 13.85% 34.53% -13.30% -133.13% 443.78% 208.46% 26.94% 16.01% 65.39% 93.77% -16.27% 15.31% -29.33% 26.72% 55.78% Stock Options Issue of shares Deb Conv.
5 year Running Average $16.5 $15.2 $15.7 $16.8 $12.1 $13.5 $22.9 $34.5 $49.3 $80.6 $135.1 $171.7 $212.5 $234.1 $254.5 $274.8 1255.93% <-Total Growth 10 CF 5 Yr Running
CFPS $2.06 $1.91 $2.56 $2.23 -$0.64 $1.99 $5.83 $5.88 $6.79 $11.19 $18.76 $14.14 $16.42 $11.60 $14.70 $22.90 540.25% <-Total Growth 10 Cash Flow per Share
Increase -32.86% -7.72% 34.63% -13.23% -128.77% 410.85% 192.67% 0.95% 15.40% 64.81% 67.72% -24.62% 16.12% -29.36% 26.72% 55.78% 30.09% <-IRR #YR-> 10 Cash Flow 1287.85%
5 year Running Average $2.56 $2.30 $2.28 $2.37 $1.62 $1.61 $2.39 $3.06 $3.97 $6.33 $9.69 $11.35 $13.46 $14.42 $15.12 $15.95 29.12% <-IRR #YR-> 5 Cash Flow 258.96%
P/CF on Med Price 3.90 4.23 2.98 5.16 -32.30 12.23 6.33 8.64 10.78 7.73 8.56 8.42 9.19 9.74 0.03 0.00 20.40% <-IRR #YR-> 10 Cash Flow per Share 540.25%
P/CF on Closing Price 4.11 4.64 3.33 6.49 -42.95 12.97 7.85 9.97 10.43 9.24 11.45 11.79 7.08 8.30 6.55 6.31 22.80% <-IRR #YR-> 5 Cash Flow per Share 179.26%
-2.28% Diff M/C 19.44% <-IRR #YR-> 10 CFPS 5 yr Running 491.05%
$283.30 <-12 mths -10.83%
Excl.Working Capital CF $3.933 $4.610 -$0.772 $1.737 $12.632 $15.4 $25.3 $31.9 $37.0 -$13.2 -$9.5 $47.5 $35.2 $0.0 $0.0 $0.0 34.51% <-IRR #YR-> 5 CFPS 5 yr Running 340.37%
Cash Flow from Operations $M WC $17.2 $19.7 $19.6 $19.4 $6.8 $35.5 $87.3 $110.6 $128.3 $137.8 $283.1 $292.5 $317.7 $199.6 $253.0 $394.1 1522.30% <-Total Growth 10 Cash Flow less WC
Increase 18.23% 14.62% -0.80% -1.01% -65.00% 423.19% 145.92% 26.69% 16.00% 7.40% 105.44% 3.32% 8.62% -37.16% 26.72% 55.78% 32.13% <-IRR #YR-> 10 Cash Flow less WC 1522.30%
5 year Running Average $16.8 $17.3 $17.5 $18.1 $16.5 $20.2 $33.7 $51.9 $73.7 $99.9 $149.4 $190.5 $231.9 $246.1 $269.2 $291.4 23.50% <-IRR #YR-> 5 Cash Flow less WC 187.25%
CFPS Excl. WC $2.68 $2.49 $2.47 $2.44 $0.74 $3.52 $8.20 $8.26 $9.54 $10.21 $18.15 $16.88 $18.47 $11.60 $14.70 $22.90 29.52% <-IRR #YR-> 10 CF less WC 5 Yr Run 1228.42%
Increase 5.80% -7.09% -0.72% -0.94% -69.60% 373.08% 133.33% 0.76% 15.40% 7.03% 77.82% -6.98% 9.39% -37.19% 26.72% 55.78% 34.89% <-IRR #YR-> 5 CF less WC 5 Yr Run 346.66%
5 year Running Average $2.60 $2.58 $2.52 $2.52 $2.16 $2.33 $3.47 $4.63 $6.05 $7.95 $10.87 $12.61 $14.65 $15.06 $15.96 $16.91 22.30% <-IRR #YR-> 10 CFPS - Less WC 648.41%
P/CF on Median Price 3.01 3.24 3.10 4.69 27.83 6.93 4.50 6.15 7.67 8.47 8.85 7.05 8.17 9.74 17.45% <-IRR #YR-> 5 CFPS - Less WC 123.47%
P/CF on Closing Price 3.17 3.56 3.46 5.91 37.01 7.34 5.58 7.10 7.42 10.12 11.84 9.87 6.30 8.30 6.55 6.31 19.27% <-IRR #YR-> 10 CFPS 5 yr Running 482.37%
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 8.49 5 yr  8.56 P/CF Med 10 yr 7.36 5 yr  8.17 12.72% Diff M/C 25.89% <-IRR #YR-> 5 CFPS 5 yr Running 216.14%
-$2.56 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.42 Cash Flow per Share
-$5.88 $0.00 $0.00 $0.00 $0.00 $16.42 Cash Flow per Share
-$2.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.46 CFPS 5 yr Running
-$3.06 $0.00 $0.00 $0.00 $0.00 $13.46 CFPS 5 yr Running
-$19.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $317.7 Cash Flow less WC
-$110.6 $0.0 $0.0 $0.0 $0.0 $317.7 Cash Flow less WC
-$17.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $231.9 CF less WC 5 Yr Run
-$51.9 $0.0 $0.0 $0.0 $0.0 $231.9 CF less WC 5 Yr Run
-$2.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.47 CFPS - Less WC
-$8.26 $0.00 $0.00 $0.00 $0.00 $18.47 CFPS - Less WC
For banks, use Net Income, not CF
OPM Ratio 8.51% 9.14% 12.06% 10.06% -3.04% 6.96% 18.73% 20.55% 20.07% 31.03% 43.77% 32.33% 28.83% 20.93% 139.03% <-Total Growth 10 OPM
Increase -31.03% 7.45% 31.94% -16.56% -130.20% 328.87% 169.32% 9.73% -2.35% 54.61% 41.05% -26.14% -10.83% -27.42% Should increase  or be stable.
Diff from Median -58% -55% -41% -50% -115% -66% -8% 1% -1% 53% 115% 59% 42% 3% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 20.31% 5 Yrs 31.03% should be  zero, it is a   check on calculations
$314 <-12 mths -4.50%
Adjusted EBITDA $15.2 $16.9 $17.2 $4.0 $36.0 $93.1 $109.5 $128.0 $156.0 $291.4 $293.1 $329.0 $316.5 $353.9 1849.86% <-Total Growth 10 Earnings before Interest, Taxes
Change 10.94% 1.94% -76.74% 800.00% 158.61% 17.62% 16.89% 21.88% 86.79% 0.58% 12.25% -3.80% 11.82% 17.26% <-Median-> 10 Depreciation and Amortization
Long Term Debt $35.601 $28.247 $34.479 $27.873 $92.948 $204.9 $181.3 $239.3 $578.0 $553.0 $377.8 $307.2 $618.0 $561.9 1692.39% <-Total Growth 10 Debt Type
Change -22.93% -20.66% 22.06% -19.16% 233.47% 120.45% -11.52% 31.99% 141.54% -4.33% -31.68% -18.69% 101.17% -9.08% 13.83% <-Median-> 10 Change Lg Term R
Debt/Market Cap Ratio 0.65 0.40 0.51 0.24 0.37 0.79 0.37 0.30 0.61 0.40 0.11 0.11 0.31 0.34 0.34 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 7.93 8.62 7.94 5.76 8.47 9.80 5.68 6.01 11.62 9.55 6.88 15.17 13.20 7.80 9.01 <-Median-> 10 Assets/Current Liab Ratio Liquidity
Current Liabilities/Asset Ratio 0.13 0.12 0.13 0.17 0.12 0.10 0.18 0.17 0.09 0.10 0.15 0.07 0.08 0.13 0.11 <-Median-> 10 Current Liab/Asset Ratio Liq. + CF
Debt to Cash Flow (Years) 2.68 1.87 1.69 1.58 0.00 10.19 2.92 3.04 6.33 3.66 1.29 1.25 2.19 2.81 2.56 <-Median-> 10 Debt to Cash Flow (Years) Debt Ratio
Leverage
Intangibles $1.000 $1.000 $1.000 $1.000 $1.000 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 100.00% <-Total Growth 10 Intangibles D/E Ratio
Goodwill $46.170 $46.170 $46.170 $46.170 $46.170 $46.4 $46.4 $46.4 $46.4 $48.3 $48.3 $48.3 $48.3 $48.3 4.61% <-Total Growth 10 Goodwill
Total $47.2 $47.2 $47.2 $47.2 $47.2 $48.4 $48.4 $48.4 $48.4 $50.3 $50.3 $50.3 $50.3 $50.3 6.64% <-Total Growth 10 Total
Change 0.00% 0.00% 0.00% 0.00% 0.00% 2.61% 0.00% 0.00% 0.00% 3.93% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.86 0.67 0.70 0.41 0.19 0.19 0.10 0.06 0.05 0.04 0.02 0.02 0.03 0.03 0.06 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $17.627 $14.904 $15.628 $19.020 $27.013 $40.6 $38.4 $54.4 $72.6 $71.0 $96.2 $200.1 $116.1 $189.4 642.91% <-Total Growth 10 Current Assets
Current Liabilities $15.233 $13.296 $14.283 $20.172 $33.704 $46.0 $81.4 $104.5 $73.4 $115.0 $177.8 $98.2 $150.5 $259.1 953.68% <-Total Growth 10 Current Liabilities
Liquidity Ratio 1.16 1.12 1.09 0.94 0.80 0.88 0.47 0.52 0.99 0.62 0.54 2.04 0.77 0.73 0.79 <-Median-> 10 Ratio
Liq. with CF aft div 1.83 1.94 2.20 1.56 0.63 1.32 1.15 1.18 2.08 1.82 2.10 4.35 2.52 1.43 2.10 <-Median-> 5 Liq. with CF aft div
Liq. with CF aft div (WC) 1.91 1.98 1.86 1.51 0.87 1.47 1.43 1.46 2.38 1.64 1.97 4.26 2.56 1.40 Liq. with CF aft div (WC)
Liq. CF re  Inv+Div  1.36 0.58 0.47 0.32 0.19 0.24 -0.53 0.44 0.46 0.18 0.30 1.11 0.48 1.32 0.46 <-Median-> 5 Liq. CF re  Inv+Div 
Curr Long Term Debt $1.616 $0.758 $0.886 $0.020 $0.505 $4.0 $35.7 $1.6 $0.0 $0.0 $0.0 $0.0 $13.8 $85.6 $0.0 <-Median-> 5 Curr Long Term Debt
Liquidity Less CLTD 1.29 1.19 1.17 0.94 0.81 0.97 0.84 0.53 0.99 0.62 0.54 2.04 0.85 1.09 0.85 <-Median-> 5 Liquidity Less CLTD
Liq. with CF aft div 1.85 1.79 2.00 1.45 0.55 1.26 1.92 1.18 1.94 1.74 2.02 3.84 2.56 2.01 2.02 <-Median-> 5 Liq. with CF aft div
Assets $120.817 $114.641 $113.442 $116.151 $285.334 $450.8 $462.5 $627.7 $852.9 $1,098.0 $1,223.9 $1,489.8 $1,986.3 $2,019.7 1650.94% <-Total Growth 10 Assets
Liabilities $54.909 $51.025 $48.972 $53.608 $219.911 $396.0 $395.9 $473.1 $695.2 $822.0 $1,048.7 $813.4 $1,154.8 $1,136.0 2258.10% <-Total Growth 10 Liabilities
Debt Ratio 2.20 2.25 2.32 2.17 1.30 1.14 1.17 1.33 1.23 1.34 1.17 1.83 1.72 1.78 1.31 <-Median-> 10 Ratio
Estimates BVPS $51.40 $54.50 $59.40 Estimates Estimates BVPS
Estimate Book Value $884.6 $937.9 $1,022.2 Estimates Estimate Book Value
P/B Ratio (Close) 1.87 1.77 2.43 Estimates P/B Ratio (Close)
Difference from 10 year median -56.60% Diff M/C Estimates Difference from 10 yr med.
Book Value $65.908 $63.616 $64.470 $62.543 $65.424 $54.8 $66.6 $154.6 $157.7 $276.0 $175.2 $676.4 $831.5 $883.7
NCI $13.028 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Book Value $52.880 $63.616 $64.470 $62.543 $65.424 $54.8 $66.6 $154.6 $157.7 $276.0 $175.2 $676.4 $831.5 $883.7 $883.7 $883.7 1189.74% <-Total Growth 10 Book Value
Book Value per share $8.21 $8.01 $8.12 $7.89 $7.16 $5.43 $6.26 $11.55 $11.72 $20.44 $11.23 $39.04 $48.34 $51.35 $51.35 $51.35 494.99% <-Total Growth 10 Book Value per Share
Increase 1.33% -2.49% 1.42% -2.92% -9.16% -24.26% 15.31% 84.62% 1.47% 74.41% -45.06% 247.58% 23.80% 6.23% 0.00% 0.00% -13.65% P/B Ratio Current/Historical Median
P/B Ratio (Median) 0.98 1.01 0.94 1.45 2.89 4.49 5.89 4.40 6.24 4.23 14.30 3.05 3.12 2.20 0.01 0.00 2.17 P/B Ratio Historical Median
P/B Ratio (Close) 1.03 1.10 1.05 1.83 3.84 4.76 7.31 5.08 6.04 5.05 19.13 4.27 2.41 1.87 1.87 2.81 19.52% <-IRR #YR-> 10 Book Value per Share 494.99%
Change -8.34% 6.91% -4.63% 74.08% 109.50% 23.92% 53.68% -30.55% 18.95% -16.31% 278.40% -77.68% -43.61% -22.13% 0.00% 50.06% 33.14% <-IRR #YR-> 5 Book Value per Share 318.42%
Median 10 year P/B Ratio 1.08 1.05 1.03 1.05 1.08 1.08 1.28 1.29 2.17 3.56 4.31 4.31 4.31 4.31 4.31 3.68 4.31 <-Median-> 5 Median 10 year P/B Ratio
Leverage (A/BK) 2.28 1.80 1.76 1.86 4.36 8.23 6.94 4.06 5.41 3.98 6.99 2.20 2.39 2.29 3.98 <-Median-> 5 A/BV
Debt/Equity Ratio 1.04 0.80 0.76 0.86 3.36 7.23 5.94 3.06 4.41 2.98 5.99 1.20 1.39 1.29 2.98 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/B Ratios 10 yr Med 4.31 5 yr Med 4.23 -56.55% Diff M/C 2.53 Historical Leverage (A/BK)
-$8.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.34
-$11.55 $0.00 $0.00 $0.00 $0.00 $48.34
$148 <-12 mths -22.51%
Comprehensive Income -$0.14 $3.796 $3.552 $3.332 -$9.525 -$18.0 $2.4 $23.7 $20.2 $11.6 -$87.8 $167.4 $190.6 5265.72% <-Total Growth 10 Comprehensive Income
Increase 60.00% 2730.93% -6.42% -6.21% -385.89% -88.98% 113.33% 887.50% -14.77% -42.57% -856.90% 290.66% 13.86% -14.77% <-Median-> 5 Comprehensive Income
5 Yr Running Average $1.3 $2.0 $0.2 -$3.4 -$3.6 $0.4 $3.8 $8.0 -$6.0 $27.0 $60.4 48.92% <-IRR #YR-> 10 Comprehensive Income 5265.72%
ROE 0.0% 6.0% 5.5% 5.3% 0.0% 0.0% 3.6% 15.3% 12.8% 4.2% 0.0% 24.7% 22.9% 51.73% <-IRR #YR-> 5 Comprehensive Income 704.22%
5Yr Median 0.0% 5.3% 5.3% 5.3% 3.6% 3.6% 3.6% 4.2% 4.2% 12.8% 12.8% 46.67% <-IRR #YR-> 10 5 Yr Running Average 4506.98%
% Difference from Net Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 175.38% <-IRR #YR-> 5 5 Yr Running Average 15736.68%
Median Values Diff 5, 10 yr 0.0% 0.0% 12.8% <-Median-> 5 Return on Equity
-$3.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $190.6
-$23.7 $0.0 $0.0 $0.0 $0.0 $190.6
-$1.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $60.4
-$0.4 $0.0 $0.0 $0.0 $0.0 $60.4
Current Liability Coverage Ratio 1.13 1.48 1.37 0.96 0.20 0.77 1.07 1.06 1.75 1.20 1.59 2.98 2.11 0.77   CFO / Current Liabilities
5 year Median 1.08 1.13 1.13 1.13 1.13 0.96 0.96 0.96 1.06 1.07 1.20 1.59 1.75 1.59 1.14 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 14.25% 17.22% 17.26% 16.69% 2.38% 7.87% 18.88% 17.62% 15.04% 12.55% 23.13% 19.63% 15.99% 9.88% CFO / Total Assets
5 year Median 14.25% 14.25% 14.25% 16.69% 16.69% 16.69% 16.69% 16.69% 15.04% 15.04% 17.62% 17.62% 15.99% 15.99% 16.3% <-Median-> 10 Return on Assets 
Return on Assets ROA 3.34% 3.31% 3.13% 2.87% -3.34% -3.99% 0.52% 3.78% 2.37% 1.06% -7.17% 11.24% 9.60% 4.27% Net  Income/Assets Return on Assets
5Yr Median 3.45% 3.34% 3.31% 3.31% 3.13% 2.87% 0.52% 0.52% 0.52% 1.06% 1.06% 2.37% 2.37% 4.27% 1.7% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 7.64% 5.97% 5.51% 5.33% 0.00% 0.00% 3.60% 15.33% 12.81% 4.20% 0.00% 24.75% 22.92% 9.77% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 7.64% 7.64% 5.97% 5.97% 5.51% 5.33% 3.60% 3.60% 3.60% 4.20% 4.20% 12.81% 12.81% 9.77% 4.8% <-Median-> 10 Return on Equity
$148 <-12 mths -22.51%
Net Income $4.040 $3.796 $3.552 $3.332 -$9.525 -$18.0 $2.4 $23.7 $20.2 $11.6 -$87.8 $167.4 $190.6 $86.3 $92.4 $98.5 5265.72% <-Total Growth 10 Net Income
Increase -50.53% -6.04% -6.42% -6.21% -385.89% -88.98% 113.33% 887.50% -14.77% -42.57% -856.90% 290.66% 13.86% -54.72% 7.07% 6.60% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $4.3 $4.2 $3.9 $4.6 $1.0 -$3.4 -$3.6 $0.4 $3.8 $8.0 -$6.0 $27 $60 $73.6 $89.8 $127.0 48.92% <-IRR #YR-> 10 Net Income 5265.72%
Operating Cash Flow $13.289 $15.130 $20.355 $17.648 -$5.847 $20.1 $62.0 $78.7 $91.3 $151.0 $292.6 $245.0 $282.5 51.73% <-IRR #YR-> 5 Net Income 704.22%
Investment Cash Flow $13.289 -$9.509 -$10.335 -$9.592 -$102.502 -$119.4 -$59.6 -$130.0 -$172.0 -$217.2 -$127.7 -$280.4 -$615.1 31.68% <-IRR #YR-> 10 5 Yr Running Average 1467.58%
Total Accruals -$22.539 -$1.825 -$6.468 -$4.725 $98.825 $81.3 $0.0 $75.0 $100.9 $77.8 -$252.7 $202.8 $523.2 175.38% <-IRR #YR-> 5 5 Yr Running Average 15736.68%
Total Assets $120.817 $114.641 $113.442 $116.151 $285.334 $450.8 $462.5 $627.7 $852.9 $1,098.0 $1,223.9 $1,489.8 $1,986.3 Balance Sheet Assets
Accruals Ratio -18.66% -1.59% -5.70% -4.07% 34.63% 18.03% 0.00% 11.95% 11.83% 7.09% -20.65% 13.61% 26.34% 11.83% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.24 0.19 0.19 0.17 0.00 0.00 0.03 0.23 0.16 0.08 0.00 0.56 0.55 0.12 <-Median-> 10 EPS/CF Ratio
-$3.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $190.6
-$23.7 $0.0 $0.0 $0.0 $0.0 $190.6
-$3.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $60.4
-$0.4 $0.0 $0.0 $0.0 $0.0 $60.4
Change in Close -7.12% 4.25% -3.28% 69.01% 90.31% -6.15% 77.22% 28.22% 20.70% 45.97% 107.91% -22.42% -30.19% -17.28% 0.00% 50.06% Count 18 Years of data
up/down up  up up  down down  down  down down up down down Count 14 77.78%
Meet Prediction? yes yes yes yes % right Count 4 28.57%
Financial Cash Flow -$15.259 -$6.353 -$9.760 -$7.765 $107.908 $102.1 -$5.6 $56.0 $68.7 $74.8 -$162.8 $126.4 $244.0 C F Statement  Financial Cash Flow
Total Accruals -$7.3 $4.5 $3.3 $3.0 -$9.1 -$20.8 $5.6 $19.0 $32.2 $3.0 -$89.9 $76.4 $279.2 Accruals
Accruals Ratio -6.03% 3.95% 2.90% 2.62% -3.18% -4.61% 1.21% 3.03% 3.78% 0.27% -7.35% 5.13% 14.06% 3.78% <-Median-> 5 Ratio
Cash -$0.008 -$0.110 $0.150 $441.506 $0.000 $6.0 $2.2 $5.7 -$0.9 $2.0 $3.7 $94.7 $6.1 $6.5 Cash
Cash per Share $0.00 -$0.01 $0.02 $55.68 $0.00 $0.59 $0.21 $0.43 -$0.07 $0.15 $0.24 $5.47 $0.35 $0.38 $0.24 <-Median-> 5 Cash per Share
Percentage of Stock Price -0.02% -0.16% 0.22% 385.31% 0.00% 2.30% 0.45% 0.73% -0.09% 0.14% 0.11% 3.28% 0.30% 0.39% 0.14% <-Median-> 5 % of Stock Price
Notes:
August 2023.  I started a spreadsheet on this stock.
2011.  changed from Cargojet Income Fund to Cargojet Inc.
The Company is authorized to issue an unlimited number of no par value common voting shares, variable
voting shares and preferred shares. The common voting shares are held only by shareholders who are
“Canadian” as such term is defined in the Canada Transportation Act. The variable voting shares are held
only by shareholders who are not Canadian.
Sector:
Industrial Services
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
Cargojet (TSX:CJT). The airline is not only resilient in the face of this unprecedented socio-economic crisis, but it is also in a spot 
to thrive, as demand for its overnight shipping services is likely to remain stable amid this pandemic.  
https://www.fool.ca/2020/05/30/forget-air-canada-tsxac-this-airline-stock-is-at-all-time-highs/
Cargojet Inc (CJT) operates a domestic overnight air cargo co-load network between fourteen Canadian cities. The company also provides 
dedicated aircraft to customers on an Aircraft, Crew, Maintenance, and Insurance (ACMI) basis, operating between points in Canada and 
the USA. As well, the company operates scheduled international routes for multiple cargo customers between the USA and Bermuda.  Small cap with dividends in 1% range.
I read about this stock on Motley Fool in an article by Joey Frenette.  
See <a href="https://www.fool.ca/2020/05/30/forget-air-canada-tsxac-this-airline-stock-is-at-all-time-highs/" target="_top"> article</a>.
Why I bought this stock.
Note:
Income Trust law changed in October 2006.  It was to take effect for current income trust on January 1, 2011.
Dividends
Dividends are paid quarterly in Cycle 1 of January, April, July and October  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example, the dividends declared on November 15, 2021, for the Record Date of December 20, 2022 and Paid January 5, 2022
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance, 
and Insurance basis, operating between points in Canada, USA, Mexico, and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA 
and Bermuda, between Canada, UK and Germany, and between Canada and Mexico.
Shares; '%, Value $M From Years Div. Gth Tot Ret Cap Gain Div. check Shares %, Val $M Shares %, Val $M Update this each year?? Change
Date 2017 5 8.24% 15.93% 14.68% 1.24% 15.93% 2022 Aug 2023
Virmani, Dr. Ajay 2012 10 6.62% 33.24% 29.83% 3.41% 33.24% 0.412 2.39% 0.419 2.43% 1.78%
CEO - Shares - Amount 2007 15 -0.36% 17.20% 14.98% 2.22% 17.20% $47.878 $40.311
Options - percentage 2005 17 2.15% 19.53% 15.81% 3.72% 19.53% 0.054 0.31% 0.061 0.36% 13.93%
Options - amount $6.261 $5.901
Calver, Scott David 0.004 0.02% 0.004 0.02% 0.00%
CFO - Shares - Amount $0.427 $0.353
Options - percentage 0.000 0.00% 0.003 0.02% #DIV/0!
Options - amount $0.000 $0.298
Porteous, Jamie Bennett 0.015 0.08% 0.014 0.08% -5.00%
Officer - Shares - Amount $1.698 $1.334
Options - percentage 0.011 0.06% 0.015 0.09% 36.16%
Options - amount $1.266 $1.426
Godfrey, Paul Victor 0.025 0.15% 0.025 0.15% 0.00%
Director - Shares - Amount $2.907 $2.405
Options - percentage 0.009 0.05% 0.005 0.03% -47.24%
Options - amount $1.021 $0.445
Webster, John Philip 0.006 0.03% 0.006 0.03% 0.00%
Lead Director - Shares - Amt $0.697 $0.576
Options - percentage 0.009 0.05% 0.005 0.03% -47.24%
Options - amount $1.021 $0.445
Increase in O/S Shares 0.014 0.09% 0.002 0.01%
Due to Stock Options $2.282 $0.205
Book Value $1.300 $0.200
Insider Buying -$0.500 $0.000
Insider Selling $0.413 $0.112
Net Insider Selling -$0.086 $0.112
Net Selling % of Market Cap 0.00% 0.01%
Directors 5
Women 2 40%
Minorities 1 20%
Institutions/Holdings 20 25.35%
Total Shares Held 4.362 25.35%
Increase/Decrease 3 Mths 0.834 23.63%
Starting No. of Shares 3.528
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