Company Valuation: CSX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 83,396 65,114 68,512 62,230 67,498 86,299 - -
Change - -21.92% 5.22% -9.17% 8.47% 27.85% - -
Enterprise Value (EV) 1 97,446 81,691 85,609 79,728 85,696 103,673 103,068 101,642
Change - -16.17% 4.8% -6.87% 7.49% 20.98% -0.58% -1.38%
P/E 22.4x 15.9x 18.7x 18x 23.5x 23.2x 20.4x 18.5x
PBR 6.28x 5.26x 5.75x 5.01x 5.16x 6.02x 5.9x 6.17x
PEG - 1x -3.65x -5.55x -1.7x 0.8x 1.5x 1.7x
Capitalization / Revenue 6.66x 4.38x 4.67x 4.28x 4.79x 5.68x 5.41x 5.22x
EV / Revenue 7.78x 5.5x 5.84x 5.48x 6.08x 6.82x 6.46x 6.15x
EV / EBITDA 13.9x 11.1x 11.9x 11.4x 13.5x 14.2x 13.1x 12.3x
EV / EBIT 17.4x 13.9x 15.4x 14.9x 18.3x 18.4x 16.8x 15.6x
EV / FCF 29.5x 23.4x 26.2x 29.3x 50.1x 30.9x 28.7x 26.1x
FCF Yield 3.39% 4.27% 3.82% 3.41% 2% 3.24% 3.48% 3.83%
Dividend per Share 2 0.372 0.4 0.44 0.48 0.52 0.5709 0.6193 0.6621
Rate of return 0.99% 1.29% 1.27% 1.49% 1.43% 1.23% 1.33% 1.42%
EPS 2 1.68 1.95 1.85 1.79 1.54 2.009 2.28 2.523
Distribution rate 22.1% 20.5% 23.8% 26.8% 33.8% 28.4% 27.2% 26.2%
Net sales 1 12,522 14,853 14,657 14,540 14,092 15,198 15,954 16,520
EBITDA 1 7,014 7,379 7,172 7,011 6,365 7,281 7,859 8,270
EBIT 1 5,594 5,879 5,561 5,353 4,685 5,628 6,124 6,497
Net income 1 3,781 4,166 3,715 3,470 2,889 3,708 4,096 4,389
Net Debt 1 14,050 16,577 17,097 17,498 18,198 17,373 16,769 15,342
Reference price 2 37.60 30.98 34.67 32.27 36.25 46.59 46.59 46.59
Nbr of stocks (in thousands) 2,217,983 2,101,822 1,976,132 1,928,423 1,862,018 1,852,311 - -
Announcement Date 20/1/22 25/1/23 24/1/24 23/1/25 22/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.27x7.07x13.95x2.02% 163B
23.19x6.82x14.24x1.23% 86.3B
25.23x6.44x14.46x1.73% 70.53B
13.61x0.83x5.11x4.38% 13.96B
14.52x2.69x6.52x6.39% 4.43B
25.53x3.2x14.64x2.19% 3.72B
-0.89x - - 3.68% 385M
Average 17.49x 4.51x 11.49x 3.09% 48.91B
Weighted average by Cap. 22.19x 6.53x 13.68x 1.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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