CNI Stock Analysis: Canadian National Railway | NYSE
Railroads | NYSE, USA | Market Cap: 72.880m USD | 12M Return: 21.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 195M
EPS Trend: 2.9%
Qual. Beats: 0
Rev. Trend: 44.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Canadian National Railway Company (NYSE: CNI) is a Class I freight railroad headquartered in Montreal, Canada, operating across Canada and the United States. Founded in 1919 and publicly listed since 1996, the company provides a broad range of transportation services, including rail, intermodal, trucking, customs brokerage, transloading, warehousing, and supply chain logistics. It serves a diversified customer base spanning automotive, coal, fertilizers, grain, forest products, metals and minerals, petroleum and chemicals, consumer goods, and third-party logistics applications.
The rail transportation industry is characterized by extensive fixed-infrastructure networks, high capital intensity, and significant barriers to entry, with a small number of Class I operators dominating North American freight rail. Intermodal services, which CNI offers alongside its core rail operations, combine rail haul with truck segments at either end, allowing shippers to leverage rails cost and efficiency advantages over long distances while maintaining flexible first- and last-mile delivery. CNIs vertically integrated service mix-including logistics parks, port partnerships, and equipment services-reflects a broader industry trend toward end-to-end supply chain solutions beyond pure rail haulage.
- Intermodal volumes grow on North American trade recovery
- Coal segment decline pressures revenue mix and operating ratio
- Share buybacks accelerate as free cash flow expands
| Net Income: 4.71b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.33 > 1.0 |
| NWC/Revenue: -8.77% < 20% (prev -9.50%; Δ 0.73% < -1%) |
| CFO/TA 0.12 > 3% & CFO 7.15b > Net Income 4.71b |
| Net Debt (22.3b) to EBITDA (9.04b): 2.47 < 3 |
| Current Ratio: 0.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (611.9m) vs 12m ago -2.61% < -2% |
| Gross Margin: 44.21% > 18% (prev 40.90%; Δ 3.30% > 0.5%) |
| Asset Turnover: 29.56% > 50% (prev 29.96%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: 8.36 > 6 (EBIT TTM 7.11b / Interest Expense TTM 850.4m) |
| A: -0.03 (Total Current Assets 3.06b - Total Current Liabilities 4.57b) / Total Assets 59.6b |
| B: 0.31 (Retained Earnings 18.7b / Total Assets 59.6b) |
| C: 0.12 (EBIT TTM 7.11b / Avg Total Assets 58.5b) |
| D: 0.56 (Book Value of Equity 21.5b / Total Liabilities 38.1b) |
| Altman-Z'' = 2.27 = BBB |
| DSRI: 0.99 (Receivables 1.26b/1.26b, Revenue 17.3b/17.2b) |
| GMI: 0.93 (GM 40.90% / 44.21%) |
| AQI: 1.09 (AQ_t 0.11 / AQ_t-1 0.10) |
| SGI: 1.01 (Revenue 17.3b / 17.2b) |
| TATA: -0.04 (NI 4.71b - CFO 7.15b) / TA 59.6b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of July 06, 2026, the stock is trading at USD 121.56 with a total of 1,225,600 shares traded. Over the past week, the price has changed by +1.00%, over one month by +1.54%, over three months by +16.32% and over the past year by +21.16%.
Current recommended Stop Loss: 118.30 (which is 2.7% or 1.4 ATR below the current price).
Canadian National Railway has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold CNI.
- StrongBuy: 9
- Buy: 7
- Hold: 14
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 118.9 | -2.2% |
P/E Trailing = 22.5413
P/E Forward = 21.5983
P/S = 4.2322
P/B = 4.8536
P/EG = 2.6614
Revenue TTM = 17.3b USD
EBIT TTM = 7.11b USD
EBITDA TTM = 9.04b USD
Long Term Debt = 20.4b USD (from longTermDebt, last quarter)
Short Term Debt = 1.76b USD (from shortTermDebt, last quarter)
Debt = 22.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 317.0m
Net Debt = 22.3b USD (calculated: Debt 22.9b - CCE 587.5m)
Enterprise Value = 95.2b USD (72.9b + Debt 22.9b - CCE 587.5m)
Interest Coverage Ratio = 8.36 (Ebit TTM 7.11b / Interest Expense TTM 850.4m)
EV/FCF = 26.64x (Enterprise Value 95.2b / FCF TTM 3.57b)
FCF Yield = 3.75% (FCF TTM 3.57b / Enterprise Value 95.2b)
FCF Margin = 20.66% (FCF TTM 3.57b / Revenue TTM 17.3b)
Net Margin = 27.22% (Net Income TTM 4.71b / Revenue TTM 17.3b)
Gross Margin = 44.21% ((Revenue TTM 17.3b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 42.82% (prev 46.30%)
Tobins Q-Ratio = 1.60 (Enterprise Value 95.2b / Total Assets 59.6b)
Interest Expense / Debt = 3.71% (Interest Expense 850.4m / Debt 22.9b)
Taxrate = 24.82% (1.55b / 6.26b)
NOPAT = 5.35b (EBIT 7.11b * (1 - 24.82%))
Current Ratio = 0.67 (Total Current Assets 3.06b / Total Current Liabilities 4.57b)
Debt / Equity = 1.06 (Debt 22.9b / totalStockholderEquity, last quarter 21.5b)
Debt / EBITDA = 2.47 (Net Debt 22.3b / EBITDA 9.04b)
Debt / FCF = 6.24 (Net Debt 22.3b / FCF TTM 3.57b)
Total Stockholder Equity = 21.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.04% (Net Income 4.71b / Total Assets 59.6b)
RoE = 21.93% (Net Income TTM 4.71b / Total Stockholder Equity 21.5b)
RoCE = 16.97% (EBIT 7.11b / Capital Employed (Equity 21.5b + L.T.Debt 20.4b))
RoIC = 9.51% (NOPAT 5.35b / Invested Capital 56.2b)
WACC = 6.66% (E(72.9b)/V(95.8b) * Re(7.87%) + D(22.9b)/V(95.8b) * Rd(3.71%) * (1-Tc(0.25)))
Discount Rate = 7.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -2.49%
[DCF] Terminal Value 76.64% ; FCFF base≈3.45b ; Y1≈3.74b ; Y5≈4.63b
[DCF] Fair Price = 80.12 (EV 70.9b - Net Debt 22.3b = Equity 48.6b / Shares 606.6m; r=8.35% [WACC [floored]]; 5y FCF grow 9.81% → 2.50% )
EPS Correlation: 2.92 | EPS CAGR: 0.09% | SUE: -0.13 | # QB: 0
Revenue Correlation: 44.91 | Revenue CAGR: 0.59% | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.92 | Chg30d=+0.21% | Revisions=+0% | Analysts=24
EPS next Quarter (2026-09-30): EPS=2.00 | Chg30d=+0.53% | Revisions=+40% | Analysts=22
EPS current Year (2026-12-31): EPS=7.88 | Chg30d=+0.45% | Revisions=+0% | GrowthEPS=+3.3% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=8.79 | Chg30d=+0.68% | Revisions=+17% | GrowthEPS=+11.6% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +25% (up=6, down=3)