Overview Dividends

(CNI) Canadian National Railway - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA1363751027

Rail, Intermodal, Trucking, Transloading, Logistics

CNI EPS (Earnings per Share)

EPS Growth (3Y CAGR): -4.62%
EPS Trend (3Y Correlation): -42.4%

CNI Revenue

Revenue Growth (3Y CAGR): -1.98%
Revenue Trend (3Y Correlation): -16.7%

Description: CNI Canadian National Railway

Canadian National Railway Company (NYSE:CNI) operates a North-American transportation network that spans Canada and the United States, offering rail, intermodal, trucking, and related logistics services. Its portfolio includes equipment leasing, customs brokerage, transloading, door-to-door freight, temperature-controlled cargo, and specialized services such as flatbed and overweight permits, serving sectors ranging from automotive and grain to chemicals and third-party logistics.

Key performance indicators from the most recent fiscal year show revenue of roughly $16.2 billion and an operating ratio of about 58 percent, indicating efficient cost control relative to peers. Intermodal volumes grew double-digit year-over-year, driven by sustained e-commerce demand and a shift of high-value goods from truck to rail. Meanwhile, coal and fertilizer shipments remain material contributors, exposing CN to commodity price cycles and seasonal weather patterns.

Strategic drivers for the business include continued infrastructure investment-CN has earmarked over $15 billion through 2028 for track upgrades, signal modernization, and capacity expansion in high-traffic corridors such as the Midwest grain belt. Macroeconomic factors such as U.S. agricultural export volumes, North-American oil demand, and cross-border trade policies directly affect freight volumes, while regulatory trends around emissions are prompting CN to expand its low-carbon initiatives.

For a deeper quantitative dive into CN’s valuation metrics and scenario analysis, the ValueRay platform offers a useful toolkit.

CNI Stock Overview

Market Cap in USD	58,956m
Sub-Industry	Rail Transportation
IPO / Inception	1996-11-26

CNI Stock Ratings

Growth Rating	-32.8%
Fundamental	61.9%
Dividend Rating	63.9%
Return 12m vs S&P 500	-25.2%
Analyst Rating	3.69 of 5

CNI Dividends

Dividend Yield 12m	2.63%
Yield on Cost 5y	2.65%
Annual Growth 5y	9.00%
Payout Consistency	100.0%
Payout Ratio	34.5%

CNI Growth Ratios

Growth Correlation 3m	37%
Growth Correlation 12m	-65.2%
Growth Correlation 5y	-0.6%
CAGR 5y	-3.61%
CAGR/Max DD 3y (Calmar Ratio)	-0.13
CAGR/Mean DD 3y (Pain Ratio)	-0.30
Sharpe Ratio 12m	-0.89
Alpha	-30.56
Beta	0.857
Volatility	19.83%
Current Volume	990.7k
Average Volume 20d	1370.7k
Stop Loss	92.4 (-3.1%)
Signal	-0.77

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (4.56b TTM) > 0 and > 6% of Revenue (6% = 1.03b TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -0.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -3.74% (prev -10.57%; Δ 6.82pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 6.68b > Net Income 4.56b (YES >=105%, WARN >=100%)

Net Debt (20.54b) to EBITDA (8.86b) ratio: 2.32 <= 3.0 (WARN <= 3.5)

Current Ratio 0.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (628.0m) change vs 12m ago -1.29% (target <= -2.0% for YES)

Gross Margin 41.27% (prev 42.35%; Δ -1.08pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 30.95% (prev 31.56%; Δ -0.60pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 7.58 (EBITDA TTM 8.86b / Interest Expense TTM 913.0m) >= 6 (WARN >= 3)

Altman Z'' 2.50

(A) -0.01 = (Total Current Assets 2.87b - Total Current Liabilities 3.51b) / Total Assets 56.78b

(B) 0.34 = Retained Earnings (Balance) 19.20b / Total Assets 56.78b

(D) 0.60 = Book Value of Equity 21.28b / Total Liabilities 35.24b

Total Rating: 2.50 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.91

1. Piotroski 4.50pt = -0.50

2. FCF Yield 3.13% = 1.57

3. FCF Margin 18.86% = 4.72

4. Debt/Equity 0.96 = 2.06

5. Debt/Ebitda 2.32 = -0.62

6. ROIC - WACC (= 4.99)% = 6.24

7. RoE 21.82% = 1.82

8. Rev. Trend -16.69% = -1.25

9. EPS Trend -42.38% = -2.12

What is the price of CNI shares?

As of October 21, 2025, the stock is trading at USD 95.36 with a total of 990,664 shares traded.
Over the past week, the price has changed by -0.80%, over one month by +3.64%, over three months by -3.57% and over the past year by -12.94%.

Is Canadian National Railway a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Canadian National Railway is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 61.91 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNI is around 87.31 USD . This means that CNI is currently overvalued and has a potential downside of -8.44%.

Is CNI a buy, sell or hold?

Canadian National Railway has received a consensus analysts rating of 3.69. Therefor, it is recommend to hold CNI.

Strong Buy: 9
Buy: 7
Hold: 14
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the CNI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	107.4	12.6%
Analysts Target Price	107.4	12.6%
ValueRay Target Price	96.5	1.2%

Last update: 2025-10-13 02:05

CNI Fundamental Data Overview

Market Cap CAD = 82.72b (58.96b USD * 1.4031 USD.CAD)
P/E Trailing = 18.1985
P/E Forward = 15.8983
P/S = 3.4391
P/B = 3.8128
P/EG = 2.0481
Beta = 0.857
Revenue TTM = 17.14b CAD
EBIT TTM = 6.92b CAD
EBITDA TTM = 8.86b CAD
Long Term Debt = 19.30b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.12b CAD (from shortTermDebt, last quarter)
Debt = 20.75b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 20.54b CAD (from netDebt column, last quarter)
Enterprise Value = 103.26b CAD (82.72b + Debt 20.75b - CCE 216.0m)
Interest Coverage Ratio = 7.58 (Ebit TTM 6.92b / Interest Expense TTM 913.0m)
FCF Yield = 3.13% (FCF TTM 3.23b / Enterprise Value 103.26b)
FCF Margin = 18.86% (FCF TTM 3.23b / Revenue TTM 17.14b)
Net Margin = 26.62% (Net Income TTM 4.56b / Revenue TTM 17.14b)
Gross Margin = 41.27% ((Revenue TTM 17.14b - Cost of Revenue TTM 10.07b) / Revenue TTM)
Gross Margin QoQ = 42.77% (prev 40.36%)
Tobins Q-Ratio = 1.82 (Enterprise Value 103.26b / Total Assets 56.78b)
Interest Expense / Debt = 1.06% (Interest Expense 219.0m / Debt 20.75b)
Taxrate = 24.92% (389.0m / 1.56b)
NOPAT = 5.19b (EBIT 6.92b * (1 - 24.92%))
Current Ratio = 0.82 (Total Current Assets 2.87b / Total Current Liabilities 3.51b)
Debt / Equity = 0.96 (Debt 20.75b / totalStockholderEquity, last quarter 21.54b)
Debt / EBITDA = 2.32 (Net Debt 20.54b / EBITDA 8.86b)
Debt / FCF = 6.35 (Net Debt 20.54b / FCF TTM 3.23b)
Total Stockholder Equity = 20.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.04% (Net Income 4.56b / Total Assets 56.78b)
RoE = 21.82% (Net Income TTM 4.56b / Total Stockholder Equity 20.92b)
RoCE = 17.20% (EBIT 6.92b / Capital Employed (Equity 20.92b + L.T.Debt 19.30b))
RoIC = 12.48% (NOPAT 5.19b / Invested Capital 41.62b)
WACC = 7.49% (E(82.72b)/V(103.47b) * Re(9.17%) + D(20.75b)/V(103.47b) * Rd(1.06%) * (1-Tc(0.25)))
Discount Rate = 9.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.52%
[DCF Debug] Terminal Value 73.48% ; FCFE base≈3.37b ; Y1≈3.22b ; Y5≈3.11b
Fair Price DCF = 73.00 (DCF Value 45.57b / Shares Outstanding 624.2m; 5y FCF grow -5.99% → 3.0% )
EPS Correlation: -42.38 | EPS CAGR: -4.62% | SUE: 0.0 | # QB: 0
Revenue Correlation: -16.69 | Revenue CAGR: -1.98% | SUE: -0.05 | # QB: 0

Additional Sources for CNI Stock

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