Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund

CHE-UN.TO
Chemtrade Logistics Income FundCA flagToronto Stock Exchange
- -
CAD
- -
- -
- -
- -
(- -)

Recent

price

- -

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
18.2
24.18
22.07
19.51
19.94
16.37
15.45
16.67
17.23
16.55
14.88
13.45
16.72
15.89
15.09
17.47
17.46
Revenue per Share
0.92
1.66
0.93
0.13
0.35
-0.69
0.07
1.67
-1.42
-1.08
-1.81
-2.31
1.01
2.15
1.07
1.22
1.22
Basic EPS, GAAP
1.35
1.2
1.56
1.39
0.85
1.42
1.39
0.87
1.64
0.47
2.08
1.31
2.34
3.45
2.89
2.76
2.76
Free Cash Flow per Basic Share
1.2
1.19
1.2
1.2
1.18
1.2
1.2
1.18
1.2
1.2
0.72
0.51
0.5
0.5
0.65
0.69
0.69
Dividend per Share
-6.45
9.18
7.72
6.7
12.12
8.91
7.83
11.44
8.7
6.39
3.92
1.6
2.78
4.31
4.51
4.51
4.5
Book Value per Share
0.45
-2.29
-1.67
-1.39
-5.17
-4.51
-4.35
-1.36
-1.63
-1.21
-1.53
-2.21
-0.19
1.45
2.33
0.38
0.38
Tangible Book Value per Share
31
36
42
42
60
69
69
88
93
93
93
102
108
116
118
114
114
Basic Weighted Avg Shares
558
881
919
813
1,203
1,127
1,067
1,469
1,596
1,533
1,380
1,368
1,813
1,847
1,787
1,998
1,998
Sales/Revenue/Turnover
4.8
6.54
6.92
5.56
3.02
-1.53
0.43
5.58
0.02
-0.11
-4.92
-8.51
11.87
15.32
15.72
14.94
14.9
Operating Margin (%)
43
57
78
79
163
148
148
205
215
262
254
240
217
217
189
220
220
Depreciation Expense
28
60
39
5
21
-48
5
147
-132
-100
-167
-235
109
249
127
139
139
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
35.5
14.43
25.71
10.35
10.35
Effective Tax Rate (%)
5.04
6.85
4.24
0.67
1.75
-4.22
0.44
10.03
-8.24
-6.5
-12.14
-17.19
6.02
13.5
7.1
6.98
6.98
Profit Margin (%)
-38
43
-13
-3
-14
13
11
96
-83
130
128
-207
-563
-521
-463
-48
-48
Working Capital
93
467
404
424
773
861
814
1,285
1,186
1,412
1,337
1,001
464
377
487
1,115
1,115
LT Debt
180
342
322
308
830
881
769
1,149
1,017
760
606
380
566
707
818
775
775
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.73
15.23
12.69
14.47
14.43
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
11.09
21.95
12.14
12.94
12.89
Return on Capital (%)
- -
- -
11.87
1.82
4.16
-7.08
0.82
19.02
-14.5
-14.27
-35.08
-89.42
47.07
62.2
24.53
26.56
26.56
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
426
371
90
LT Borrowings
474
508
983
LT Finance Leases
129
145
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
113
112
114
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
368
379
414
Cash, Cash Equivalents & STI
20
19
27
Accounts Receivable, Net
174
181
200
Inventories
135
141
135
Total Current Liabilities
733
713
462
Payables & Accruals
291
329
352
ST Debt
426
371
90
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.68%
9.42%
-5.28%
Free Cash Flow
44.8%
19.11%
-7.64%
Net Income, GAAP
273.41%
-3.34%
9.84%
Sales/Revenue/Turnover
6.91%
8.42%
11.79%
Total Cash Common Dividend
- -
4.85%
2.92%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
471
470
484
422
1,847
2024
418
448
474
447
1,787
2025
466
497
533
502
1,998

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.69
0.75
0.61
- -
2.15
2024
0.36
0.12
0.51
- -
1.07
2025
0.42
0.09
0.38
- -
1.22

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.13
0.13
0.12
- -
0.5
2024
0.15
0.16
0.17
- -
0.65
2025
0.17
0.17
0.17
- -
0.69
Business
Chemtrade Logistics Income Fund (TSX: CHE-UN) operates as a diversified provider of industrial chemicals and services to customers across North America and select global markets. The company functions through two primary segments, Sulphur and Water Chemicals (SWC) and Electrochemicals (EC); the SWC segment manufactures and markets sulphur-based products including industrial sulphuric acid, regen acid, ultra-pure sulphuric acid for electronics and semiconductors, inorganic coagulants for water treatment, and specialty chemicals such as phosphorus pentasulphide and sodium nitrite; the EC segment produces and supplies sodium chlorate for pulp and paper bleaching, chlor-alkali products comprising caustic soda, chlorine, and hydrochloric acid, as well as spent acid processing services and industrial services for by-products and waste streams. Its products serve diverse industries including chemicals, pulp and paper, semiconductors, metals, food and beverage, textiles, poultry, agriculture, water treatment, batteries, oil and gas, and mining. Founded in 2001 and headquartered in Toronto, Ontario, Canada, Chemtrade maintains operations in over 60 locations throughout Canada, the United States, South America, and other international regions, with approximately 1,474 employees. The company is one of North America's largest suppliers of industrial sulphuric acid, spent acid processing, inorganic coagulants, sodium chlorate, sodium nitrite, sodium hydrosulphite, and high-purity sulphuric acid for semiconductors, while also ranking as a leading regional provider of sulphur, chlor-alkali products, and zinc oxide. In recent developments, Chemtrade completed the acquisition of Polytec, Inc., a southeastern U.S.-based provider of turnkey water treatment solutions, for US$150 million on November 21, 2025, enhancing its water chemicals platform with service capabilities, cross-selling opportunities in municipal and food-processing markets, and support for its Vision 2030 growth targets. Earlier in 2025, the company announced record quarterly Adjusted EBITDA for Q3, raised full-year 2025 guidance to above $503 million, entered a new automatic securities purchase plan under its normal course issuer bid, and completed substantial issuer bids for certain convertible debentures. These strategic moves, financed through its credit facility and bolstered by a strengthened balance sheet, underscore Chemtrade's focus on organic growth, capital structure optimization, and investments in high-return projects such as ultra-pure acid production.