Canadian Pacific Kansas City Ltd. (CP) intrinsic value & 10-year financials
Canadian Pacific Kansas City Ltd. (CP) has a Graham intrinsic value of CAD 95.33 per share. Over the last 10 fiscal years revenue grew 10.3% a year to CAD 15.0B, with an average return on invested capital of 10.8%.
- Graham intrinsic value
- CAD 95.33
- Revenue (FY2025)
- CAD 15.0B
- Revenue growth (10-yr CAGR)
- 10.3%
- ROIC (10-yr avg)
- 10.8%
- Free cash flow (FY2025)
- CAD 2.2B
CP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CAD 15.0B | CAD 4.1B | CAD 4.51 | CAD 2.2B | 37.5% | 6.1% |
| FY2024 | CAD 14.4B | CAD 3.7B | CAD 3.98 | CAD 2.4B | 35.9% | 6.0% |
| FY2023 | CAD 12.4B | CAD 3.9B | CAD 4.21 | CAD 1.7B | 35.3% | 3.6% |
| FY2022 | CAD 8.7B | CAD 3.5B | CAD 3.77 | CAD 2.6B | 38.1% | 5.0% |
| FY2021 | CAD 7.9B | CAD 2.9B | CAD 4.18 | CAD 2.2B | 40.5% | 7.1% |
| FY2020 | CAD 7.6B | CAD 2.4B | CAD 3.59 | CAD 1.1B | 43.3% | 15.5% |
| FY2019 | CAD 7.7B | CAD 2.4B | CAD 3.50 | CAD 1.3B | 40.4% | 15.7% |
| FY2018 | CAD 7.3B | CAD 2.0B | CAD 2.72 | CAD 1.2B | 39.0% | 14.5% |
| FY2017 | CAD 6.5B | CAD 2.4B | CAD 3.29 | CAD 842.0M | 43.0% | 19.6% |
| FY2016 | CAD 6.2B | CAD 1.6B | CAD 2.13 | CAD 907.0M | 41.8% | 14.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in CAD.
Executive summary
CANADIAN PACIFIC KANSAS CITY LTD/CN is a consistent compounder, expanding top-line revenue at 10.3% annually over the past decade.
CANADIAN PACIFIC KANSAS CITY LTD/CN returns on capital have been average, hovering around 10.8% ROIC over the decade.
Over the decade, CANADIAN PACIFIC KANSAS CITY LTD/CN shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CANADIAN PACIFIC KANSAS CITY LTD/CN is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $95.33 per share.