![LSTR Logo](data:image/svg+xml,<svg xmlns='http://www.w3.org/2000/svg' width='18' height='18'><defs><linearGradient id="a" x1="3.349" x2="21.904" y1="3.122" y2="24.434" gradientUnits="userSpaceOnUse"><stop stop-color="%231A1E21"/><stop offset="1" stop-color="%2306060A"/></linearGradient></defs><path fill="url(%23a)" d="M0 0h18v18H0z"/><text x='50%' y='52%' dominant-baseline='middle' text-anchor='middle' font-size='5' font-family='sans-serif' fill='gray'>LSTR</text></svg>)
Landstar System Inc
LSTR
Trucking (No Local)
Mkt Cap
$6.19BPE
20.65Debt
$0Cash
$439.7MEV
$5.75BFCF
$469.8MP/E Ratio
20.65Debt
$0Cash
$439.7MEV
$5.75BFCF
$469.8MLandstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and domestic and international air and ocean services. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment provides risk and claims management services; and reinsures risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was incorporated in 1991 and is headquartered in Jacksonville, Florida.
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DCF
Discounted Cash Flow Valuation of Landstar System Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $469.8M | $534M | $601.9M | $672.6M | $745.1M | $818.2M | $890.7M | $961M | $1.028B | $1.089B | $1.143B | $11.43B |
| DCF | $464.3M | $455.1M | $442.2M | $426M | $406.8M | $385.1M | $361.3M | $335.9M | $309.5M | $282.6M | $2.826B | |
| Value | $6.695B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 14%
Earnings Stability 77%
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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 4.4% | 4.4% | 4.3% | 4.9% | 5.5% | 5.6% | 4.6% | 5.8% | 5.8% | 5.2% |
| ROA | 21% | 24% | 20% | 18% | 24% | 21% | 15% | 25% | 30% | 21% |
| ROE | 28% | 32% | 25% | 27% | 37% | 32% | 28% | 44% | 49% | 29% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +5.37%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.13%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +22.1%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.54%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +36.04%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +3.58%.
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.
| Years | 12-2014 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 1.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.11 | 0.00 |
| Debt Equity | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.08 | 0.00 |
| MIN | ||||||||||
| Graham Stability | - | - | 95% | 100% | 100% | 100% | 87% | 100% | 100% | 87% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 0.00.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.04.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.87.
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 | 12-2015 | 12-2017 | 12-2019 | 12-2021 | Trend |
|---|---|---|---|---|---|
| Revenue | 12% | 15% | 22% | 14% | 2.1% |
| Net Income | 17% | 19% | 24% | 13% | 4.9% |
| Stockholders Equity | 9.6% | 6.3% | 7.1% | 2.9% | 0.21% |
| FCF | 16% | 37% | 27% | 140% | 6.9% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +15.32%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.06%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +19.48%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +4.85%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +6.29%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +0.21%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +37.06%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +6.88%.