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Heartland Express Inc

HTLD

Trucking (No Local)

Mkt Cap

$1.044B

PE

-

Debt

$343.9M

Cash

$33.85M

EV

$1.354B

FCF

-$39M

Market Cap

$1.044B

P/E Ratio

-

Debt

$343.9M

Cash

$33.85M

EV

$1.354B

FCF

-$39M
Charts data: {"Earnings":[{"time":"2014-12-30","value":84834000},{"time":"2015-12-30","value":73056000},{"time":"2016-12-30","value":56386000},{"time":"2017-12-30","value":75173000},{"time":"2018-12-30","value":72677000},{"time":"2019-12-30","value":72967000},{"time":"2020-12-30","value":70806000},{"time":"2021-12-30","value":79277000},{"time":"2022-12-30","value":133584000}],"Sales":[{"time":"2014-12-30","value":871355000},{"time":"2015-12-30","value":736345000},{"time":"2016-12-30","value":612937000},{"time":"2017-12-30","value":607336000},{"time":"2018-12-30","value":610803000},{"time":"2019-12-30","value":596815000},{"time":"2020-12-30","value":645262000},{"time":"2021-12-30","value":607284000},{"time":"2022-12-30","value":967996000}],"Net Margins":[{"time":"2014-12-30","value":0.09735871143219468},{"time":"2015-12-30","value":0.0992143628326396},{"time":"2016-12-30","value":0.09199314122006014},{"time":"2017-12-30","value":0.12377497793643058},{"time":"2018-12-30","value":0.11898599057306529},{"time":"2019-12-30","value":0.1222606670408753},{"time":"2020-12-30","value":0.10973217080813685},{"time":"2021-12-30","value":0.13054353482061112},{"time":"2022-12-30","value":0.13800057025029028}],"Assets":[{"time":"2014-12-30","value":759994000},{"time":"2015-12-30","value":736030000},{"time":"2016-12-30","value":738228000},{"time":"2017-12-30","value":789127000},{"time":"2018-12-30","value":806213000},{"time":"2019-12-30","value":898931000},{"time":"2020-12-30","value":951176000},{"time":"2021-12-30","value":928542000},{"time":"2022-12-30","value":1669488000}],"Stockholders Equity":[{"time":"2014-12-30","value":476587000},{"time":"2015-12-30","value":469928000},{"time":"2016-12-30","value":505826000},{"time":"2017-12-30","value":574645000},{"time":"2018-12-30","value":615972000},{"time":"2019-12-30","value":684659000},{"time":"2020-12-30","value":724334000},{"time":"2021-12-30","value":727102000},{"time":"2022-12-30","value":855477000}],"ROE":[{"time":"2014-12-30","value":0.17800317675471636},{"time":"2015-12-30","value":0.15546211334502308},{"time":"2016-12-30","value":0.11147311526097907},{"time":"2017-12-30","value":0.13081641709229178},{"time":"2018-12-30","value":0.11798750592559402},{"time":"2019-12-30","value":0.10657422161981366},{"time":"2020-12-30","value":0.0977532464305141},{"time":"2021-12-30","value":0.1090314701376148},{"time":"2022-12-30","value":0.1561514804021616}],"ROA":[{"time":"2014-12-30","value":0.1737684771195562},{"time":"2015-12-30","value":0.15867559746205998},{"time":"2016-12-30","value":0.11656155009021603},{"time":"2017-12-30","value":0.08195512255948663},{"time":"2018-12-30","value":0.11401081351950415},{"time":"2019-12-30","value":0.10927423795597214},{"time":"2020-12-30","value":0.09909943059959461},{"time":"2021-12-30","value":0.11420808105610732},{"time":"2022-12-30","value":0.11282381185129813}]}

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium, and long haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names. It primarily serves retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. Heartland Express, Inc. was founded in 1978 and is headquartered in North Liberty, Iowa.

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In the chart Earnings are multiplied by this value.

Earnings Growth 5%
Earnings Stability -0.86%


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.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Net Margin9.7%9.9%9.2%12%12%12%11%13%14%-
ROA17%16%12%8.2%11%11%9.9%11%11%3.7%
ROE18%16%11%13%12%11%9.8%11%16%-

What is the average Net Margin?

The average Net Margin over the past 5 years is +12.39%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +0.27%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +10.52%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +0.41%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +11.97%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +0.26%.


Safety & Stabiliy

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.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Debt FCF-0.760.00--0.00--0.0012.10-8.82
Debt Equity0.050.00--0.00--0.000.480.40
MIN
Graham Stability--71%100%100%100%96%100%100%71%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -8.82.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 2.33.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.71.


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.

Years12-201512-201712-201912-2021Trend
Revenue4%9.8%17%59%7.2%
Net Income9%12%22%69%7.7%
Stockholders Equity8.9%8.3%7.7%18%0.92%
FCF-----

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +9.77%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +7.18%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +12.19%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +7.68%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +8.28%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +0.92%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.