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 93,560 - -
Change - -21.92% 5.22% -9.17% 8.47% 38.61% - -
Enterprise Value (EV) 1 97,446 81,691 85,609 79,728 85,696 110,935 110,333 108,909
Change - -16.17% 4.8% -6.87% 7.49% 29.45% -0.54% -1.29%
P/E 22.4x 15.9x 18.7x 18x 23.5x 25.2x 22.2x 20.2x
PBR 6.28x 5.26x 5.75x 5.01x 5.16x 6.53x 6.39x 6.69x
PEG - 1x -3.65x -5.55x -1.7x 0.8x 1.7x 2.03x
Capitalization / Revenue 6.66x 4.38x 4.67x 4.28x 4.79x 6.16x 5.87x 5.66x
EV / Revenue 7.78x 5.5x 5.84x 5.48x 6.08x 7.3x 6.92x 6.59x
EV / EBITDA 13.9x 11.1x 11.9x 11.4x 13.5x 15.2x 14x 13.2x
EV / EBIT 17.4x 13.9x 15.4x 14.9x 18.3x 19.7x 18x 16.8x
EV / FCF 29.5x 23.4x 26.2x 29.3x 50.1x 33x 30.7x 28x
FCF Yield 3.39% 4.27% 3.82% 3.41% 2% 3.03% 3.25% 3.57%
Dividend per Share 2 0.372 0.4 0.44 0.48 0.52 0.5709 0.6192 0.6622
Rate of return 0.99% 1.29% 1.27% 1.49% 1.43% 1.13% 1.23% 1.31%
EPS 2 1.68 1.95 1.85 1.79 1.54 2.006 2.272 2.499
Distribution rate 22.1% 20.5% 23.8% 26.8% 33.8% 28.5% 27.3% 26.5%
Net sales 1 12,522 14,853 14,657 14,540 14,092 15,188 15,942 16,518
EBITDA 1 7,014 7,379 7,172 7,011 6,365 7,281 7,857 8,269
EBIT 1 5,594 5,879 5,561 5,353 4,685 5,628 6,123 6,496
Net income 1 3,781 4,166 3,715 3,470 2,889 3,708 4,086 4,350
Net Debt 1 14,050 16,577 17,097 17,498 18,198 17,374 16,773 15,348
Reference price 2 37.60 30.98 34.67 32.27 36.25 50.51 50.51 50.51
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 20/01/22 25/01/23 24/01/24 23/01/25 22/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.82x7.82x15.4x1.8% 183B
25.56x7.4x15.43x1.11% 94.99B
28.02x7.03x15.79x1.55% 78.32B
13.75x0.85x5.19x4.33% 14.05B
14.8x2.71x6.56x6.27% 4.54B
29.82x3.84x17.52x2% 4.11B
-0.98x - - 3.36% 422M
Average 19.26x 4.94x 12.65x 2.92% 54.15B
Weighted average by Cap. 24.68x 7.19x 15.03x 1.73%

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