Arcbest Corp

Industrials
Trucking Freight/Courier Services
www.arcb.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.61B
PE 13
Debt $242.71M
Cash $150.46M
EV $2.70B
FCF $97.38M

Earnings

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Sales & Net Margins

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Earnings	$193.72M
EBIT	$274.08M
ROE	15%
ROA	11%
FCF	$97.38M
Equity	$1.31B
Growth Stability	83%
PE	13.47
PEG	0.3
PB	2
P/FCF	26.79
P/S	0.61
Price/Cash	0.06
Debt/Equity	0.19
Debt/FCF	2.49
Net Margins	5%
Op. Margins	6%
Earnings CAGR	33%
Sales Growth YoY	-6%
Sales Growth QoQ	-1%
Sales CAGR	8%
FCF CAGR	23%
Equity CAGR	10%
Earnings Stability	0.68
Earnings Growth YoY	187%
Earnings Growth QoQ	114%
Earnings CAGR 5Y	44%

Sales CAGR 5Y	13%
FCF CAGR 5Y	23%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	-35%
Equity CAGR 3Y	11%
Market Cap	$2.61B
Revenue	$4.27B
Dividend Yield	0%
Payout Ratio	6%
Assets	$2.41B
Total Debt	$242.71M
Cash	$150.46M
Shares Outstanding	23.6M
EV	2.7B
Earnings Score	91%
Moat Score	88%
Safety Score	92%
Final Score	90%
Working Capital	26.34M
Current Ratio	1.04
Shares Growth 3y	-2%
Equity Growth QoQ	6%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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ArcBest Corp is engaged in logistics operations. The company operates in three business segments namely Asset-Based, ArcBest and FleetNet. Asset-Based segment operates a less-than-truckload (LTL) network across North America to provide freight transportation services. It consists of ABF Freight System, Inc and certain other subsidiaries. ArcBest segment revenues consist primarily of asset-light logistics services using third-party vendors to provide transportation services. FleetNet segment revenues consist of service fee revenue, roadside repair revenue, and routine maintenance services revenue. The ArcBest and FleetNet reportable segments, combined, represent its Asset-Light operations.

SEC Filings

Direct access to Arcbest Corp (ARCB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Arcbest Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Arcbest Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 33%

Stability 68%

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Arcbest Corp Discounted Cash Flow

Fully customizable DCF calculator online for Arcbest Corp .

Years

Calculation mode

= $5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$97M	$120M	$148M	$183M	$225M	$278M	$342M	$422M	$520M	$641M	$791M	$7.9B
DCF		$109M	$122M	$137M	$154M	$172M	$193M	$216M	$243M	$272M	$305M	$3B
Value	$5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	2%	2%	1%	2%	2%	1%	2%	5%	6%	4%	5%
ROA	-	6%	2%	4%	7%	4%	6%	13%	16%	8%	11%
ROE	-	8%	3%	9%	9%	5%	9%	23%	26%	16%	15%

Bad Net Margins (4.56%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-26.04	-7.75	168.46	2.94	39.34	3.48	1.34	1.38	2.87	2.49
Debt over Equity	0.27	0.44	0.51	0.51	0.48	0.5	0.42	0.3	0.29	0.24	0.19
Growth Stability	-	-	-	100%	100%	83%	100%	100%	100%	100%	83%

Neutral Debt/FCF ratio (2.49)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.19)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (83%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	2%	1%	5%	9%	-3%	-2%	35%	34%	-17%	13%
Earnings YoY growth	-	1%	-58%	221%	13%	-40%	78%	200%	40%	-34%	44%
Equity YoY growth	-	5%	2%	9%	10%	6%	9%	12%	24%	8%	13%
FCF YoY growth	-	-119%	302%	-105%	6K%	-92%	943%	103%	17%	-57%	23%