AC CN

Air Canada

Industrial/Transportation


Presented:09/22/2017
Price:CA$27.51
Cap:$6.09B
Current Price:CA$17.23
Cap:$4.94B

Presented

Date09/22/2017
PriceCA$27.51
Market Cap$6.09B
Ent Value$5.96B
P/E Ratio8.86x
Book ValueCA$4.41
Div Yield0%
Shares O/S277.00M
Ave Daily Vol1,616,343
Short IntN/A

Current

PriceCA$17.23
Market Cap$4.94B
Air Canada provides airline transportation services. The Firm engages in full-service airline, scheduled passenger and cargo services, serving more than 200 airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. Air Canada was founded on January 1, 2001 and is headquartered in Saint-Laurent, Canada.

Publicly traded companies mentioned herein: Air Canada (AC CN), WestJet Airlines Ltd (WJA CN)

Highlights

The presenter is long shares of Air Canada (AC CN), seeing upside from a rapid decline in capex over the next 3 years, while the company improves revenues and yields. He notes that AC CN could be set to see multiples re-rate as it emerges from its high capex situation, since the Canadian airline industry enjoys more favorable conditions than the US counterpart. By his model, AC CN shares could double to the low-50 CAD range, with further upside into the 60 – 70 CAD range if multiples expand further.

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Idea Discussion

Commentor 1 - 2 weeks ago

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