We then discount this figure to today's value at a cost of equity of 7.7%. Compared to the current share price of CA$8.0, the company appears around fair value at the time of writing.

This results in an intrinsic value of CA$12.27, which, compared to the current share price of CA$9.4, we see that Chorus Aviation is about right, perhaps slightly undervalued at a 23.41% discount ...