TFI INTERNATIONAL INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 181.5 CAD | -2.14% |
|
-3.60% | +0.68% |
| May. 09 | National Bank Provides Monthly Update on Canadian Freight | MT |
| Apr. 29 | UBS Cuts TFI International Target to US$163, Maintains Buy Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,743 | 4,804 | 10,440 | 8,719 | 11,522 | 11,278 | - | - |
| Enterprise Value (EV) 1 | 4,403 | 6,028 | 12,458 | 10,301 | 13,531 | 13,670 | 13,239 | 12,867 |
| P/E ratio | 12.1 x | 17 x | 16.1 x | 11.1 x | 23.4 x | 21 x | 15.6 x | - |
| Yield | 2.18% | 1.63% | 0.86% | 1.16% | 1.07% | 1.26% | 1.35% | 1.55% |
| Capitalization / Revenue | 0.71 x | 1.27 x | 1.45 x | 0.99 x | 1.53 x | 1.26 x | 1.14 x | 1.09 x |
| EV / Revenue | 1.13 x | 1.59 x | 1.73 x | 1.17 x | 1.8 x | 1.52 x | 1.34 x | 1.24 x |
| EV / EBITDA | 6.79 x | 8.62 x | 11.6 x | 7.23 x | 11.4 x | 9.89 x | 8 x | 6.99 x |
| EV / FCF | 19.4 x | 11.1 x | 17.8 x | 11.7 x | 17.4 x | 16.6 x | 13.5 x | 12.2 x |
| FCF Yield | 5.16% | 9.03% | 5.63% | 8.55% | 5.73% | 6.04% | 7.41% | 8.19% |
| Price to Book | 2.43 x | 2.56 x | 4.7 x | 3.63 x | 4.51 x | 4.05 x | 3.7 x | 2.82 x |
| Nbr of stocks (in thousands) | 81,466 | 93,381 | 93,047 | 87,180 | 84,750 | 84,555 | - | - |
| Reference price 2 | 33.67 | 51.45 | 112.2 | 100.0 | 136.0 | 133.4 | 133.4 | 133.4 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,887 | 3,781 | 7,220 | 8,812 | 7,521 | 8,967 | 9,896 | 10,365 |
| EBITDA 1 | 648.8 | 699.6 | 1,076 | 1,425 | 1,188 | 1,382 | 1,654 | 1,840 |
| EBIT 1 | 384 | 416.6 | 889.2 | 1,146 | 757.6 | 850.3 | 1,088 | 1,252 |
| Operating Margin | 9.88% | 11.02% | 12.31% | 13% | 10.07% | 9.48% | 11% | 12.08% |
| Earnings before Tax (EBT) 1 | 319.7 | 362.7 | 816.2 | 1,066 | 676.8 | 713.6 | 935.9 | 1,080 |
| Net income 1 | 232.9 | 275.7 | 664.4 | 823.2 | 504.9 | 534.7 | 696.7 | - |
| Net margin | 5.99% | 7.29% | 9.2% | 9.34% | 6.71% | 5.96% | 7.04% | - |
| EPS 2 | 2.793 | 3.030 | 6.970 | 9.020 | 5.800 | 6.361 | 8.565 | - |
| Free Cash Flow 1 | 227.3 | 544.6 | 700.9 | 880.9 | 775.9 | 825 | 980.5 | 1,054 |
| FCF margin | 5.85% | 14.4% | 9.71% | 10% | 10.32% | 9.2% | 9.91% | 10.16% |
| FCF Conversion (EBITDA) | 35.03% | 77.85% | 65.11% | 61.82% | 65.31% | 59.72% | 59.28% | 57.25% |
| FCF Conversion (Net income) | 97.58% | 197.57% | 105.5% | 107% | 153.68% | 154.3% | 140.74% | - |
| Dividend per Share 2 | 0.7355 | 0.8382 | 0.9600 | 1.160 | 1.450 | 1.685 | 1.799 | 2.072 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,141 | 2,192 | 2,422 | 2,242 | 1,957 | 1,850 | 1,791 | 1,911 | 1,969 | 1,871 | 2,287 | 2,371 | 2,410 | 2,340 | 2,353 |
| EBITDA 1 | 318.5 | 330 | 441.9 | 348.2 | 305 | 264.2 | 300.3 | 302.5 | 320.9 | 268.4 | 347 | 371.9 | 384.7 | 359 | 411.7 |
| EBIT 1 | 215 | 219.8 | 391 | 318.4 | 216.9 | 166.4 | 192.4 | 200.6 | 198.3 | 151.6 | 211.5 | 237.1 | 253.4 | 231.8 | 288.4 |
| Operating Margin | 10.04% | 10.03% | 16.14% | 14.2% | 11.08% | 8.99% | 10.74% | 10.49% | 10.07% | 8.1% | 9.25% | 10% | 10.51% | 9.91% | 12.26% |
| Earnings before Tax (EBT) 1 | 262.9 | 199.6 | 369.4 | 296.7 | 199.9 | 149.3 | 173.7 | 178.8 | 175 | 124.2 | 172.8 | 195.5 | 220.9 | 189.6 | 228.9 |
| Net income 1 | 144.1 | 147.7 | 276.8 | 245.2 | 153.5 | 111.9 | 128.2 | 133.3 | 131.4 | 92.85 | 133 | 146.9 | 159.3 | 138.2 | 176.2 |
| Net margin | 6.73% | 6.74% | 11.43% | 10.94% | 7.84% | 6.05% | 7.16% | 6.98% | 6.67% | 4.96% | 5.81% | 6.2% | 6.61% | 5.91% | 7.49% |
| EPS 2 | 1.520 | 1.570 | 3.000 | 2.720 | 1.740 | 1.270 | 1.470 | 1.540 | 1.530 | 1.090 | 1.590 | 1.749 | 1.887 | 1.726 | 2.220 |
| Dividend per Share 2 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.4000 | 0.4000 | 0.4194 | 0.4194 | 0.4369 | 0.6411 | 0.6411 |
| Announcement Date | 2/7/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/6/23 | 4/25/23 | 7/31/23 | 10/23/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,660 | 1,224 | 2,018 | 1,582 | 2,009 | 2,393 | 1,961 | 1,590 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.559 x | 1.75 x | 1.875 x | 1.11 x | 1.691 x | 1.732 x | 1.186 x | 0.8638 x |
| Free Cash Flow 1 | 227 | 545 | 701 | 881 | 776 | 825 | 980 | 1,054 |
| ROE (net income / shareholders' equity) | 21.8% | 20.3% | 24.9% | 30.7% | 20% | 21.6% | 26.1% | 25.2% |
| ROA (Net income/ Total Assets) | - | 8.15% | 10.4% | 12.8% | 8.57% | 8.58% | 10.3% | - |
| Assets 1 | - | 3,383 | 6,399 | 6,407 | 5,895 | 6,234 | 6,785 | - |
| Book Value Per Share 2 | 13.90 | 20.10 | 23.90 | 27.60 | 30.20 | 32.90 | 36.00 | 47.40 |
| Cash Flow per Share 2 | 5.710 | 6.850 | 9.820 | 10.90 | 11.80 | 10.20 | 12.50 | 12.50 |
| Capex 1 | 260 | 143 | 267 | 351 | 362 | 313 | 288 | 260 |
| Capex / Sales | 6.69% | 3.78% | 3.7% | 3.98% | 4.81% | 3.49% | 2.91% | 2.51% |
| Announcement Date | 2/10/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
133.4
USD
Average target price
153.4
USD
Spread / Average Target
+15.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.68% | 11.28B | |
| -9.67% | 39.78B | |
| -17.49% | 17.01B | |
| -8.92% | 10.58B | |
| -5.43% | 6.55B | |
| -11.52% | 2.42B | |
| -11.85% | 2.37B | |
| +13.49% | 1.71B | |
| -13.73% | 1.47B | |
| +240.76% | 1.29B |
- Stock Market
- Equities
- TFII Stock
- Financials TFI International Inc.
