CARDINAL ENERGY LTD (CJ.CA) Fundamental Analysis & Valuation
TSX:CJ • CA14150G4007
10.17 CAD
+0.14 (+1.4%)
Last: Mar 5, 2026, 07:00 PM
This CJ.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall CJ gets a fundamental rating of 4 out of 10. We evaluated CJ against 210 industry peers in the Oil, Gas & Consumable Fuels industry. CJ scores excellent on profitability, but there are concerns on its financial health. CJ has a expensive valuation and it also scores bad on growth.
1. CJ.CA Profitability Analysis
1.1 Basic Checks
- In the past year CJ was profitable.
- CJ had a positive operating cash flow in the past year.
- CJ had positive earnings in 4 of the past 5 years.
- CJ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 5.45%, CJ belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 8.59%, CJ is in the better half of the industry, outperforming 65.71% of the companies in the same industry.
- The Return On Invested Capital of CJ (6.45%) is better than 83.33% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for CJ is significantly above the industry average of 6.66%.
- The 3 year average ROIC (12.57%) for CJ is well above the current ROIC(6.45%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.45% | ||
| ROE | 8.59% | ||
| ROIC | 6.45% |
ROA(3y)14.43%
ROA(5y)4.25%
ROE(3y)18.59%
ROE(5y)-0.42%
ROIC(3y)12.57%
ROIC(5y)N/A
1.3 Margins
- With a decent Profit Margin value of 16.96%, CJ is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- CJ's Profit Margin has declined in the last couple of years.
- CJ has a Operating Margin of 24.12%. This is amongst the best in the industry. CJ outperforms 80.48% of its industry peers.
- In the last couple of years the Operating Margin of CJ has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.12% | ||
| PM (TTM) | 16.96% | ||
| GM | N/A |
OM growth 3Y1.7%
OM growth 5Y18.33%
PM growth 3Y-34.24%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. CJ.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CJ is creating some value.
- CJ has more shares outstanding than it did 1 year ago.
- CJ has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, CJ has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.35 indicates that CJ is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of CJ (2.35) is better than 72.86% of its industry peers.
- CJ has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
- CJ has a Debt to Equity ratio of 0.24. This is in the better half of the industry: CJ outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.35 |
ROIC/WACC0.8
WACC8.05%
2.3 Liquidity
- A Current Ratio of 0.48 indicates that CJ may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.48, CJ is doing worse than 71.43% of the companies in the same industry.
- A Quick Ratio of 0.48 indicates that CJ may have some problems paying its short term obligations.
- CJ has a worse Quick ratio (0.48) than 64.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. CJ.CA Growth Analysis
3.1 Past
- The earnings per share for CJ have decreased strongly by -28.36% in the last year.
- Measured over the past years, CJ shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -28.40% on average per year.
- Looking at the last year, CJ shows a decrease in Revenue. The Revenue has decreased by -9.30% in the last year.
- The Revenue has been growing by 8.92% on average over the past years. This is quite good.
EPS 1Y (TTM)-28.36%
EPS 3Y-28.4%
EPS 5YN/A
EPS Q2Q%-43.75%
Revenue 1Y (TTM)-9.3%
Revenue growth 3Y10.24%
Revenue growth 5Y8.92%
Sales Q2Q%-13.03%
3.2 Future
- The Earnings Per Share is expected to decrease by -16.93% on average over the next years. This is quite bad
- The Revenue is expected to decrease by -0.91% on average over the next years.
EPS Next Y-38%
EPS Next 2Y-22.9%
EPS Next 3Y-10.69%
EPS Next 5Y-16.93%
Revenue Next Year-15.04%
Revenue Next 2Y-5.34%
Revenue Next 3Y-0.79%
Revenue Next 5Y-0.91%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. CJ.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.19, the valuation of CJ can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of CJ indicates a somewhat cheap valuation: CJ is cheaper than 65.71% of the companies listed in the same industry.
- CJ's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.69.
- The Price/Forward Earnings ratio is 25.54, which means the current valuation is very expensive for CJ.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of CJ is on the same level as its industry peers.
- CJ's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.19 | ||
| Fwd PE | 25.54 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CJ is valued a bit cheaper than 60.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.28 |
4.3 Compensation for Growth
- CJ has a very decent profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as CJ's earnings are expected to decrease with -10.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.9%
EPS Next 3Y-10.69%
5. CJ.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.38%, CJ is a good candidate for dividend investing.
- CJ's Dividend Yield is rather good when compared to the industry average which is at 4.11. CJ pays more dividend than 97.14% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, CJ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.38% |
5.2 History
- On average, the dividend of CJ grows each year by 36.23%, which is quite nice.
- CJ has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of CJ decreased in the last 3 years.
Dividend Growth(5Y)36.23%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 150.40% of the earnings are spent on dividend by CJ. This is not a sustainable payout ratio.
- The Dividend Rate of CJ has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP150.4%
EPS Next 2Y-22.9%
EPS Next 3Y-10.69%
CJ.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CJ (3/5/2026, 7:00:00 PM)
10.17
+0.14 (+1.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)03-16 2026-03-16/amc
Inst Owners7.71%
Inst Owner ChangeN/A
Ins Owners20.77%
Ins Owner ChangeN/A
Market Cap1.76B
Revenue(TTM)451.27M
Net Income(TTM)76.53M
Analysts75.71
Price Target9.69 (-4.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.38% |
Yearly Dividend0.73
Dividend Growth(5Y)36.23%
DP150.4%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-27 2026-02-27 (0.06)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)47.5%
Min EPS beat(2)45.63%
Max EPS beat(2)49.37%
EPS beat(4)2
Avg EPS beat(4)16.6%
Min EPS beat(4)-22.72%
Max EPS beat(4)49.37%
EPS beat(8)2
Avg EPS beat(8)-3.99%
EPS beat(12)3
Avg EPS beat(12)2.57%
EPS beat(16)6
Avg EPS beat(16)6.53%
Revenue beat(2)0
Avg Revenue beat(2)-13.15%
Min Revenue beat(2)-14.37%
Max Revenue beat(2)-11.93%
Revenue beat(4)0
Avg Revenue beat(4)-12.43%
Min Revenue beat(4)-20.5%
Max Revenue beat(4)-2.92%
Revenue beat(8)0
Avg Revenue beat(8)-13.17%
Revenue beat(12)0
Avg Revenue beat(12)-13.96%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)12.32%
PT rev (3m)15.74%
EPS NQ rev (1m)6.25%
EPS NQ rev (3m)41.67%
EPS NY rev (1m)0%
EPS NY rev (3m)9.01%
Revenue NQ rev (1m)5.12%
Revenue NQ rev (3m)5.62%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)2.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.19 | ||
| Fwd PE | 25.54 | ||
| P/S | 3.91 | ||
| P/FCF | N/A | ||
| P/OCF | 8.15 | ||
| P/B | 1.98 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | 9.28 |
EPS(TTM)0.48
EY4.72%
EPS(NY)0.4
Fwd EY3.92%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)1.25
OCFY12.27%
SpS2.6
BVpS5.14
TBVpS5.14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number7.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.45% | ||
| ROE | 8.59% | ||
| ROCE | 8.46% | ||
| ROIC | 6.45% | ||
| ROICexc | 6.45% | ||
| ROICexgc | 6.45% | ||
| OM | 24.12% | ||
| PM (TTM) | 16.96% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)14.43%
ROA(5y)4.25%
ROE(3y)18.59%
ROE(5y)-0.42%
ROIC(3y)12.57%
ROIC(5y)N/A
ROICexc(3y)12.57%
ROICexc(5y)N/A
ROICexgc(3y)12.57%
ROICexgc(5y)N/A
ROCE(3y)16.48%
ROCE(5y)N/A
ROICexgc growth 3Y6.09%
ROICexgc growth 5Y25.47%
ROICexc growth 3Y6.09%
ROICexc growth 5Y25.47%
OM growth 3Y1.7%
OM growth 5Y18.33%
PM growth 3Y-34.24%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 228.37% | ||
| Cap/Sales | 52.87% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.44% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 2.35 |
F-Score4
WACC8.05%
ROIC/WACC0.8
Cap/Depr(3y)141.49%
Cap/Depr(5y)107.54%
Cap/Sales(3y)28.5%
Cap/Sales(5y)23.08%
Profit Quality(3y)73.68%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-28.36%
EPS 3Y-28.4%
EPS 5YN/A
EPS Q2Q%-43.75%
EPS Next Y-38%
EPS Next 2Y-22.9%
EPS Next 3Y-10.69%
EPS Next 5Y-16.93%
Revenue 1Y (TTM)-9.3%
Revenue growth 3Y10.24%
Revenue growth 5Y8.92%
Sales Q2Q%-13.03%
Revenue Next Year-15.04%
Revenue Next 2Y-5.34%
Revenue Next 3Y-0.79%
Revenue Next 5Y-0.91%
EBIT growth 1Y-26.37%
EBIT growth 3Y12.11%
EBIT growth 5Y28.89%
EBIT Next Year94.97%
EBIT Next 3Y29.5%
EBIT Next 5Y12.74%
FCF growth 1Y-121.04%
FCF growth 3Y-5.84%
FCF growth 5Y2.27%
OCF growth 1Y-5.76%
OCF growth 3Y25.54%
OCF growth 5Y15.58%
CARDINAL ENERGY LTD / CJ.CA FAQ
What is the ChartMill fundamental rating of CARDINAL ENERGY LTD (CJ.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CJ.CA.
What is the valuation status for CJ stock?
ChartMill assigns a valuation rating of 3 / 10 to CARDINAL ENERGY LTD (CJ.CA). This can be considered as Overvalued.
Can you provide the profitability details for CARDINAL ENERGY LTD?
CARDINAL ENERGY LTD (CJ.CA) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for CJ stock?
The Earnings per Share (EPS) of CARDINAL ENERGY LTD (CJ.CA) is expected to decline by -38% in the next year.
How sustainable is the dividend of CARDINAL ENERGY LTD (CJ.CA) stock?
The dividend rating of CARDINAL ENERGY LTD (CJ.CA) is 6 / 10 and the dividend payout ratio is 150.4%.