Added to YB: 2024-06-06
Pitch date: 2024-06-06
CHR.TO [bullish]
Chorus Aviation Inc.
+32.39%
current return
Author Info
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Company Info
Chorus Aviation Inc., through its subsidiaries, provides aviation services. It offers contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.
Market Cap
CAD 529.5M
Pitch Price
CAD 16.33
Price Target
7.32 (-66%)
Dividend
N/A
EV/EBITDA
3.92
P/E
-4.10
EV/Sales
0.58
Sector
Passenger Airlines
Category
value
New Position: Chorus Aviation
CHR.TO: Chorus Aviation transforming to asset-light model post-Falko acquisition. $1B+ future lease revs, trading below book, increasing margins & FCF. Catalysts: dividend reinstatement, buybacks, Falko Fund III close. Upside as leverage falls & aircraft debt paid off. Risks: counterparty, mgmt incentives.
Read full article (7 min)