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CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and air traffic controllers in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as airline operations digital solutions. The Defense and Security segment operates as a training and simulation provider that delivers platform-independent solutions to enable and enhance force readiness and security for defense forces, original equipment manufacturers (OEMs), government agencies, and public safety organizations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in 1993. CAE Inc. was incorporated in 1947 and is headquartered in Saint-Laurent, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
CAE Inc. provides flight simulation equipment and training services for civil aviation, defence and healthcare through a global network of training centres. Long-term growth drivers include sustained demand for pilot training amid fleet growth and retirements, recurring contract revenue and defence procurement cycles. Investors may find CAE attractive for its large installed base, recurring revenue and high technical barriers to entry.
Principal risks are sensitivity to airline industry cycles and travel disruptions, variability in defence spending, capital intensity and execution risk when expanding capacity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 513.70M | -390.40M | 296.30M | 153.60M | -87.20M |
| Minority interest | -9.70M | -7.70M | -9.20M | -8.30M | 72.30M |
| Net income | 405.30M | -304.00M | 222.70M | 141.70M | -47.20M |
| Selling general administrative | 565.40M | 536.80M | 560.90M | 489.10M | 398.90M |
| Selling and marketing expenses | - | 4.00M | - | - | - |
| Gross profit | 1300.10M | 1154.50M | 1166.30M | 955.50M | 765.00M |
| Reconciled depreciation | 414.70M | 374.80M | 342.20M | 310.50M | 319.50M |
| Ebit | 707.60M | -210.20M | 538.30M | 401.20M | 241.80M |
| Ebitda | 1122.30M | 164.60M | 880.50M | 711.70M | 561.30M |
| Depreciation and amortization | 414.70M | 374.80M | 342.20M | 310.50M | 319.50M |
| Operating income | 729.20M | -185.40M | 474.00M | 284.20M | 48.40M |
| Other operating expenses | 3978.70M | 4468.20M | 3741.00M | 3001.90M | 2720.50M |
| Interest expense | 193.90M | 180.20M | 177.70M | 113.00M | 118.70M |
| Tax provision | 98.70M | -72.80M | 64.40M | 3.60M | -39.70M |
| Interest income | 13.80M | 11.00M | 141.70M | 9.10M | 108.10M |
| Net interest income | -215.50M | -203.20M | -177.70M | -130.60M | -135.60M |
| Extraordinary items | 0.00M | 21.30M | - | - | - |
| Income tax expense | 98.70M | -72.80M | 64.40M | 3.60M | -39.70M |
| Total revenue | 4707.90M | 4282.80M | 4203.30M | 3371.30M | 2981.90M |
| Total operating expenses | 570.90M | 1339.90M | 704.00M | 586.10M | 503.60M |
| Cost of revenue | 3407.80M | 3128.30M | 3037.00M | 2415.80M | 2216.90M |
| Total other income expense net | -215.50M | -205.00M | 11.70M | -85.20M | -213.00M |
| Net income from continuing ops | 415.00M | -317.60M | 231.90M | 150.00M | -47.50M |
| Net income applicable to common shares | 405.30M | -304.00M | 222.70M | 141.70M | -47.20M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 11213.80M | 9834.10M | 10436.50M | 9578.80M | 8748.40M |
| Intangible assets | 1431.30M | 1013.40M | 1387.50M | 1332.00M | 882.60M |
| Other current assets | 101.70M | 212.20M | 76.20M | 84.30M | 784.40M |
| Total liab | 6237.80M | 5531.50M | 5847.60M | 5492.20M | 5535.60M |
| Total stockholder equity | 4891.50M | 4224.90M | 4507.70M | 4009.70M | 3140.50M |
| Deferred long term liab | - | - | 294.70M | 234.40M | 215.70M |
| Other current liab | 566.50M | 545.00M | 89.70M | 608.70M | 796.70M |
| Common stock | 2327.10M | 2252.90M | 2243.60M | 2224.70M | 1516.20M |
| Capital stock | 2327.10M | 2252.90M | 2243.60M | 2224.70M | 1516.20M |
| Retained earnings | 2112.80M | 1762.60M | 2054.80M | 1777.60M | 1543.70M |
| Other liab | - | - | 565.40M | 596.60M | 767.10M |
| Good will | 2439.70M | 1971.30M | 2663.30M | 2464.30M | 1173.20M |
| Other assets | 299.70M | - | 273.10M | 912.00M | 829.60M |
| Cash | 293.70M | 160.10M | 217.60M | 346.10M | 926.10M |
| Cash and equivalents | 293.70M | - | 217.60M | 346.10M | 926.10M |
| Total current liabilities | 2686.50M | 2358.40M | 2246.70M | 2091.20M | 2633.30M |
| Current deferred revenue | 1001.60M | 911.70M | 905.70M | 804.50M | 674.70M |
| Net debt | 3176.70M | 2914.20M | 3032.50M | 2700.10M | 1425.40M |
| Short term debt | 399.00M | 308.90M | 214.60M | 241.80M | 216.30M |
| Short long term debt | 277.90M | 253.70M | 214.60M | 142.80M | 216.30M |
| Short long term debt total | 3470.40M | 3074.30M | 3250.10M | 3046.20M | 2351.50M |
| Other stockholder equity | 69.80M | 55.40M | -4298.40M | -4002.30M | -3059.90M |
| Property plant equipment | 3777.50M | - | 2814.00M | 2502.30M | 2277.90M |
| Total current assets | 2143.60M | 2006.50M | 2235.00M | 2148.60M | 3378.60M |
| Long term investments | 559.10M | 588.80M | 530.70M | 454.00M | 422.20M |
| Net tangible assets | - | - | 751.60M | 447.80M | 1300.40M |
| Net receivables | 1153.20M | 1060.60M | 1357.80M | 1198.40M | 1020.30M |
| Long term debt | 2400.40M | 2268.70M | 3035.50M | 2508.40M | 2135.20M |
| Inventory | 595.00M | 573.60M | 583.40M | 519.80M | 647.80M |
| Accounts payable | 701.00M | 561.70M | 1036.70M | 436.20M | 945.60M |
| Accumulated other comprehensive income | 381.80M | 154.00M | 167.20M | -31.20M | 58.10M |
| Common stock total equity | - | - | - | - | 1516.20M |
| Non currrent assets other | 667.50M | 959.40M | 680.90M | 560.20M | 509.00M |
| Non current assets total | 9070.20M | 7827.60M | 8201.50M | 7430.20M | 5369.80M |
| Capital lease obligations | 792.10M | 551.90M | 455.90M | 395.00M | 347.20M |
| Long term debt total | 3071.40M | - | 3035.50M | 2804.40M | 2135.20M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -732.30M | -215.40M | -400.70M | 3.40M | -343.40M |
| Change to liabilities | - | - | 51.80M | -26.80M | -219.00M |
| Total cashflows from investing activities | -732.30M | -215.40M | -400.70M | -2237.10M | -343.40M |
| Net borrowings | -94.70M | -403.10M | -168.70M | 552.10M | -841.40M |
| Total cash from financing activities | -49.80M | -395.30M | -152.60M | 1255.60M | -21.30M |
| Change to operating activities | - | - | -25.00M | -31.40M | 30.00M |
| Net income | 415.00M | -296.30M | 231.90M | 150.00M | -47.50M |
| Change in cash | 133.60M | -57.50M | -128.50M | -580.00M | -20.40M |
| Begin period cash flow | 160.10M | 217.60M | 346.10M | 926.10M | 946.50M |
| End period cash flow | 293.70M | 160.10M | 217.60M | 346.10M | 926.10M |
| Total cash from operating activities | 896.50M | 566.90M | 408.40M | 418.20M | 366.60M |
| Issuance of capital stock | 67.10M | 7.80M | 16.30M | 696.10M | 820.80M |
| Depreciation | 414.70M | 374.80M | 342.20M | 310.50M | 319.50M |
| Other cashflows from investing activities | 38.80M | 158.30M | 24.60M | -2.40M | 8.10M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -11.00M | -76.30M | -65.60M | 107.30M | 43.40M |
| Change to account receivables | 153.50M | 142.30M | 4.10M | 34.20M | 32.60M |
| Sale purchase of stock | -21.30M | 7.80M | 16.30M | 696.10M | 820.80M |
| Other cashflows from financing activities | -0.90M | 7.80M | 75.50M | 781.10M | -555.20M |
| Change to netincome | - | - | -42.00M | -56.50M | 143.80M |
| Capital expenditures | 444.10M | 477.70M | 425.30M | 362.80M | 163.60M |
| Change in working capital | 197.10M | 128.10M | -114.50M | 22.50M | -49.50M |
| Stock based compensation | 25.20M | 14.80M | -10.30M | 6.40M | 9.60M |
| Other non cash items | -190.30M | 526.80M | -45.90M | -11.30M | 204.70M |
| Free cash flow | 452.40M | 89.20M | -16.90M | 55.40M | 203.00M |
Sector: Industrials Industry: Aerospace & Defense
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CAE CAE Inc. Common Shares |
0.72 2.63% |
28.11 | 30.78 | 28.90 | 1.69 | 2.26 | 2.95 | 12.40 |
| SPCX Space Exploration Technologies Corp. Class A Common Stock |
3.18 2.28% |
142.93 | - | 200.00 | 82.08 | 15.35 | 82.13 | 500.95 |
| GE GE Aerospace |
-4.82 1.41% |
337.93 | 37.45 | 35.09 | 6.29 | 18.68 | 6.70 | 27.10 |
| EADSF Airbus Group SE |
-1.11 0.47% |
232.89 | 25.70 | 22.32 | 2.30 | 5.91 | 1.97 | 13.60 |
| BA The Boeing Company |
-0.62 0.36% |
173.92 | 88.37 | 153.85 | 1.93 | 31.61 | 2.21 | 26.81 |
CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and air traffic controllers in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as airline operations digital solutions. The Defense and Security segment operates as a training and simulation provider that delivers platform-independent solutions to enable and enhance force readiness and security for defense forces, original equipment manufacturers (OEMs), government agencies, and public safety organizations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in 1993. CAE Inc. was incorporated in 1947 and is headquartered in Saint-Laurent, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Marc Parent CM | Pres, CEO & Director | 1961 |
| Ms. Sonya Branco C.A., CPA, CA | Exec. VP of Fin. & CFO | NA |
| Mr. Nick Leontidis | Group Pres of Civil Aviation | NA |
| Mr. Daniel Gelston | Pres, GM & Group Pres of Defense & Security | NA |
| Ms. Abha Dogra | Chief Digital & Technology Officer | NA |
| Mr. Andrew Arnovitz | Sr. VP of Investor Relations & Enterprise Risk Management | NA |
| Mr. Mark Hounsell | Gen. Counsel, Chief Compliance Officer & Corp. Sec. | NA |
| Mr. Dan Sharkey | Sr. VP of Global HR | NA |
| Ms. Helene V. Gagnon | Chief Sustainability Officer & Sr. VP of Stakeholder Engagement | NA |
| Mr. Pascal Grenier | Sr. VP of Civil Flight Services & Global Manufacturing Operations | NA |
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