Chorus Aviation (CHR) AI Stock Analysis

• Market Cap: C$587.25M
• Dividend Yield: 0.35%
• Average Volume (3M): 63.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.98
• Revenue Growth: -16.92%
• EPS Growth: 77.04%
• Country: CA
• Employees: 4,345
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.66
• Shares Outstanding: 25,477,236
• 10 Day Avg. Volume: 61,827
• 30 Day Avg. Volume: 63,922
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$27.56
• Price Target Upside: 18.95% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 56 Neutral
• Price Target: C$23.00 ▼(-0.73% Downside)

Chorus Aviation's overall stock score reflects a mixed financial performance with positive operational efficiency and debt management, but challenges in revenue growth and cash flow. The technical analysis indicates overbought conditions, and the valuation is concerning due to a negative P/E ratio. However, the earnings call was positive, highlighting strong financial metrics and strategic initiatives.

Positive Factors

Strategic Acquisition

The acquisition of Elisen & Associates Inc. enhances Chorus's aerospace engineering capabilities, potentially boosting its MRO services and expanding its market reach.

Improved Financial Performance

The significant increase in adjusted earnings per share and EBITDA suggests improved operational efficiency and profitability, strengthening Chorus's financial position.

Voyageur's Revenue Growth

Voyageur's anticipated record revenue reflects successful growth in high-margin contracts, enhancing Chorus's revenue diversification and stability.

Negative Factors

Revenue Decline

A decline in revenue indicates challenges in maintaining growth, which could impact long-term financial health if not addressed through strategic initiatives.

Cash Flow Challenges

The significant decrease in free cash flow suggests potential liquidity issues, which could limit Chorus's ability to invest in growth opportunities or manage debt.

Geopolitical Pressures

Geopolitical pressures affecting overseas operations could lead to reduced revenue from contracted flying services, impacting Chorus's international business stability.

Chorus Aviation Business Overview & Revenue Model

Company Description

Chorus Aviation Inc. is a Canadian company that provides regional aviation services, operating primarily through its subsidiaries. The company focuses on two main sectors: regional airline operations and aircraft leasing. Chorus operates under the brand name Jazz Aviation, which is a key regional airline partner for Air Canada. Additionally, Chorus Aviation provides aircraft leasing solutions through its subsidiary, Chorus Aviation Capital, which specializes in acquiring and leasing regional aircraft to other airlines worldwide.

How the Company Makes Money

Chorus Aviation generates revenue through multiple key streams. The primary source of income comes from its regional airline operations, where it earns revenue through capacity purchase agreements (CPA) with Air Canada, which provides a stable and predictable cash flow. Under these agreements, Chorus provides airline services using its fleet of regional aircraft, and Air Canada compensates it based on the number of flights operated and the number of available seat miles. Furthermore, Chorus Aviation Capital, the leasing division, generates income by leasing aircraft to other airlines, which includes long-term lease agreements and maintenance services. The company also benefits from maintenance and repair services provided to its aircraft and those of its leasing clients. Strategic partnerships with major airlines and a diverse fleet of regional aircraft enhance its revenue stability and growth potential.

Chorus Aviation Financial Statement Overview

Summary

Chorus Aviation shows resilience in cash flow management and leverage optimization despite challenges in profitability. The company faces pressure on revenue and margins, but maintains a strong cash position and reduced leverage.

Income Statement

Chorus Aviation's revenue contracted slightly in the TTM period compared to the previous year. The gross profit margin reduced to 16.02% in TTM from 19.28% the previous year, indicating increased pressure on costs or pricing. The net loss widened in TTM, leading to a negative net profit margin of -10.64%, compared to the previous year's -11.28%. While EBIT margin showed resilience at 6.77% for TTM, EBITDA margin improved to 12.84%. The visible trend is a struggle to maintain profitability amidst fluctuating revenue.

Balance Sheet

The balance sheet reflects a decrease in total assets and liabilities over time. The debt-to-equity ratio stands at 0.81 in TTM, an improvement from 1.01 the previous year, suggesting a reduction in leverage. However, the equity ratio decreased to 36.43% from 31.85%, indicating relative stability in equity financing. Overall, the financial stability appears moderate with a cautious approach to debt management.

Cash Flow

The company's operating cash flow to net income ratio is strong at -1.01, reflecting robust cash generation capabilities despite net losses. The free cash flow was positive at $108.5 million, although it decreased compared to the previous year's $212.1 million. The free cash flow growth rate is negative due to this decline. Cash flow management seems effective despite the challenges in profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.37B	1.40B	1.40B	1.60B	1.02B	948.72M
Gross Profit	264.48M	270.89M	337.13M	423.40M	205.63M	230.12M
EBITDA	196.87M	165.54M	271.36M	381.35M	270.46M	363.12M
Net Income	63.52M	-158.50M	101.35M	48.89M	-20.48M	41.49M
Balance Sheet
Total Assets	1.35B	1.61B	3.85B	4.06B	3.18B	3.34B
Cash, Cash Equivalents and Short-Term Investments	56.09M	222.22M	88.83M	100.03M	123.57M	165.72M
Total Debt	384.28M	516.38M	1.76B	2.03B	1.91B	2.19B
Total Liabilities	816.19M	1.10B	2.57B	2.79B	2.49B	2.70B
Stockholders Equity	537.23M	511.95M	1.19B	1.18B	690.47M	641.34M
Cash Flow
Free Cash Flow	48.69M	212.13M	256.51M	217.23M	110.26M	-249.50M
Operating Cash Flow	84.56M	265.02M	299.68M	279.51M	184.97M	156.64M
Investing Cash Flow	719.51M	818.67M	37.56M	-231.37M	-45.74M	-407.59M
Financing Cash Flow	-949.54M	-1.06B	-325.55M	-71.46M	-180.93M	334.56M

Chorus Aviation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CHR, the sentiment is Positive. The current price of 23.17 is above the 20-day moving average (MA) of 22.97, above the 50-day MA of 21.69, and above the 200-day MA of 20.68, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 71.55 is Negative, neither overbought nor oversold. The STOCH value of 54.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CHR.

Chorus Aviation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EIF	―	C$4.04B	28.87	9.71%	3.54%	6.87%	8.42%
DXT	―	C$656.02M	19.09	14.80%	3.41%	-5.62%	88.69%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AC	―	$5.46B	4.46	101.32%	―	0.33%	-15.99%
BBD.B	―	$19.65B	31.07	―	―	6.69%	64.89%
CHR	―	C$587.25M	―	2.81%	0.35%	-16.92%	77.04%
BLDP	―	$1.50B	―	-38.04%	―	-28.34%	-61.59%

Chorus Aviation Corporate Events

Jazz Aviation Secures Tentative Union Agreements

Jazz Aviation LP has reached tentative agreements with the Aircraft Mechanics Fraternal Association, representing its heavy and line maintenance employees. These agreements, pending ratification, are crucial for maintaining operational stability and reflect Jazz’s ongoing commitment to its workforce, potentially impacting its service reliability and stakeholder value positively.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Jazz Aviation Wins Canada’s Safest Public Transportation Employer Award

Jazz Aviation LP has been awarded the DriverCheck Award for Canada’s Safest Public Transportation Employer, highlighting its strong safety culture and commitment to employee engagement and psychological safety. This recognition underscores Jazz’s leadership in safety management and inclusivity, marking its ninth consecutive year of receiving accolades for outstanding occupational safety and health practices.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation to Announce Q3 2025 Financial Results

Chorus Aviation Inc. announced that it will present its third quarter 2025 financial results on November 7, 2025. The presentation will be led by the company’s President and CEO, Colin Copp, and CFO, Gary Osborne, who will also address analysts’ questions. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic positioning within the aviation industry.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation Completes Debenture Redemption, Enhancing Financial Flexibility

Chorus Aviation Inc. has completed the redemption of its remaining 6.00% convertible senior unsecured debentures due June 30, 2026. The redemption was finalized on September 30, 2025, with holders receiving $1,015 for each $1,000 principal amount, including accrued interest. This move led to the delisting of the debentures from the Toronto Stock Exchange, marking a significant step in Chorus’s financial strategy by reducing its debt obligations and potentially improving its financial flexibility.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation Launches $50 Million Share Buyback Program

Chorus Aviation has initiated a substantial issuer bid to repurchase up to $50 million of its Class A and Class B shares at a price between $23.00 and $25.00 per share. This move, which is set to expire on November 10, 2025, aims to optimize the company’s capital structure and potentially enhance shareholder value. The offer reflects Chorus’ strategic focus on managing its financial resources effectively and may impact its market positioning by demonstrating confidence in its financial stability.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation Launches $50 Million Share Buyback

Chorus Aviation has announced a substantial issuer bid to purchase up to $50 million of its Class A and Class B shares through a modified Dutch auction. This move is aimed at consolidating its shareholdings and potentially enhancing shareholder value, with the purchase price set between $23.00 and $25.00 per share. The offer, which is not contingent on a minimum number of shares being tendered, reflects the company’s strategic financial management and could impact its stock liquidity and market perception.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$20.50 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation to Sell Aircraft and Completes Elisen Acquisition

Chorus Aviation Inc. has announced an agreement to sell three Dash 8-400 aircraft, expecting to realize net proceeds of approximately US $20 million. Additionally, the company has completed the acquisition of Elisen & Associates Inc., enhancing its capabilities in aerospace engineering and certification services. These strategic moves are expected to impact Chorus’s operations by streamlining its fleet and expanding its service offerings, potentially strengthening its position in the aviation industry.

The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$20.50 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation’s Earnings Call Highlights Growth and Strategy

Chorus Aviation’s recent earnings call conveyed a robust quarter marked by substantial growth in earnings, cash flow, and strategic acquisitions. Despite facing challenges such as geopolitical pressures and foreign exchange rate impacts, the company showcased resilience and strategic foresight. The acquisition of Elisen and the success of Voyageur and Jazz underscore Chorus’s operational excellence and future growth potential.

Chorus Aviation to Redeem Remaining Convertible Debentures

Chorus Aviation Inc. has announced its intention to redeem all remaining 6.00% convertible senior unsecured debentures due June 30, 2026, on September 30, 2025. This move involves paying holders approximately $1,015 for each $1,000 principal amount, including accrued interest, and marks a strategic financial decision by Chorus to utilize cash on hand for this redemption. The redemption could potentially impact the company’s financial structure and market positioning, as it aims to streamline its financial obligations.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Chorus Aviation Reports Strong Q2 2025 Results and Strategic Growth Initiatives

Chorus Aviation Inc. reported a significant turnaround in its financial performance for the second quarter of 2025, with a net income of $32.4 million compared to a net loss of $180.6 million in the same period last year. The improvement is attributed to the sale of the RAL business, growth at Voyageur, and reduced corporate costs. The company also announced strategic moves such as acquiring Elisen & Associates Inc. to support future growth, delivering specialized aircraft for firefighting, and initiating a quarterly dividend to enhance shareholder value. Additionally, Chorus completed share buybacks and plans to redeem outstanding debentures to strengthen its balance sheet.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Jazz Aviation Receives 5-Star DEI Employer Award

Jazz Aviation LP has been awarded the 5-Star Diversity, Equity and Inclusion Employer recognition for 2025 by Canadian HR Reporter. This accolade underscores Jazz’s commitment to fostering an inclusive workplace culture, enhancing its industry positioning and reinforcing its reputation as a leader in diversity and inclusion initiatives. The award is based on a comprehensive evaluation of Jazz’s DEI practices and employee feedback, highlighting the company’s dedication to creating a supportive environment where employees can thrive.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.