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Canadian National Railway Co CNI

Morningstar Rating
$129.69 −0.06 (0.05%)
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Company Report

Price vs Fair Value

CNI is trading within a range we consider fairly valued.
Price
$129.69
Fair Value
$967.00
Uncertainty
Medium
1-Star Price
$923.59
5-Star Price
$14.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Over the past year, CN has reinvigorated its precision railroading roots, narrowing the margin gap with peers.

Bears

Grain carload-volume growth will likely take a breather in 2024 on a less robust late-2023 harvest and a less favorable export backdrop (to China).

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News

Trading Information

Previous Close Price
$129.75
Day Range
$129.39130.19
52-Week Range
$103.96132.12
Bid/Ask
$128.50 / $131.03
Market Cap
$83.23 Bil
Volume/Avg
788,315 / 945,712

Key Statistics

Price/Earnings (Normalized)
24.03
Price/Sales
6.86
Dividend Yield (Trailing)
1.82%
Dividend Yield (Forward)
1.93%
Total Yield
5.90%

Company Profile

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2023, CN generated CAD 16.8 billion in revenue by hauling intermodal containers (23% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (19%), forest products (12%), metals and minerals (12%), automotive shipments (6%), and coal (6%). Other items constitute the remaining revenue.
Sector
Industrials
Industry
Railroads
Stock Style Box
Large Core
Total Number of Employees
24,987

Competitors

Valuation

Metric
CNI
CP
CSX
Price/Earnings (Normalized)
24.0330.0920.77
Price/Book Value
5.502.596.13
Price/Sales
6.868.575.21
Price/Cash Flow
16.4524.2014.07
Price/Earnings
CNI
CP
CSX

Financial Strength

Metric
CNI
CP
CSX
Quick Ratio
0.350.410.88
Current Ratio
0.610.531.05
Interest Coverage
9.99−2.966.95
Quick Ratio
CNI
CP
CSX

Profitability

Metric
CNI
CP
CSX
Return on Assets (Normalized)
12.60%11.88%8.83%
Return on Equity (Normalized)
31.55%22.85%30.10%
Return on Invested Capital (Normalized)
18.67%15.61%13.72%
Return on Assets
CNI
CP
CSX
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Railroads Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
UNP
Union Pacific CorpRfpc$154.7 Bil
CP
Canadian Pacific Kansas City LtdYgggv$79.1 Bil
CSX
CSX CorpBcfr$74.3 Bil
NSC
Norfolk Southern CorpXgskt$57.2 Bil
WAB
Westinghouse Air Brake Technologies Corp$25.0 Bil
CJPRF
Central Japan Railway Co$24.6 Bil
CJPRY
Central Japan Railway Co ADR$24.6 Bil
CRCCY
CRRC Corp Ltd ADR$23.8 Bil
EJPRF
East Japan Railway Co$22.2 Bil

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