Universal Logistics Holdings, Inc.

Industrials
Trucking Freight/Courier Services
www.universallogistics.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $1.19B
PE 9
Debt $643.20M
Cash $11.83M
EV $1.83B
FCF -$157.60M

Earnings

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Sales & Net Margins

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Earnings	$131.14M
EBIT	$198.92M
ROE	21%
ROA	13%
FCF	-$157.60M
Equity	$630.98M
Growth Stability	96%
PE	9.11
PEG	0.23
PB	1.89
P/FCF	-7.58
P/S	0.67
Price/Cash	0.01
Debt/Equity	1.02
Debt/FCF	-4.08
Net Margins	8%
Op. Margins	11%
Earnings CAGR	26%
Sales Growth YoY	1%
Sales Growth QoQ	-8%
Sales CAGR	7%
FCF CAGR	2%
Equity CAGR	18%
Earnings Stability	0.64
Earnings Growth YoY	15%
Earnings Growth QoQ	-14%
Earnings CAGR 5Y	40%

Sales CAGR 5Y	6%
FCF CAGR 5Y	7%
Equity CAGR 5Y	30%
Earnings CAGR 3Y	-4%
Sales CAGR 3Y	-4%
FCF CAGR 3Y	-4%
Equity CAGR 3Y	29%
Market Cap	$1.19B
Revenue	$1.77B
Dividend Yield	1%
Payout Ratio	8%
Assets	$1.55B
Total Debt	$643.20M
Cash	$11.83M
Shares Outstanding	26.31M
EV	1.83B
Earnings Score	89%
Moat Score	92%
Safety Score	65%
Final Score	82%
Working Capital	108.38M
Current Ratio	1.36
Shares Growth 3y	-0%
Equity Growth QoQ	4%
Equity Growth YoY	24%

Assets & ROA

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Stockholders Equity & ROE

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Universal Logistics Holdings Inc is an asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. It offers services such as truckload, brokerage, intermodal, dedicated, and value-added services. The company reports into four segments namely trucking, intermodal, company-managed brokerage, and contract logistics. The majority of the revenue is earned from the contract logistics segment.

SEC Filings

Direct access to Universal Logistics Holdings, Inc. (ULH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02

Sector Comparison

How does Universal Logistics Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Universal Logistics Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 26%

Stability 64%

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Universal Logistics Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Universal Logistics Holdings, Inc..

Years

Calculation mode

= -$1.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$158M	-$161M	-$165M	-$169M	-$173M	-$177M	-$181M	-$186M	-$190M	-$195M	-$199M	-$2B
DCF		-$147M	-$137M	-$127M	-$118M	-$110M	-$102M	-$95M	-$89M	-$83M	-$77M	-$769M
Value	-$1.9B

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	2%	2%	4%	2%	3%	4%	8%	6%	8%
ROA	-	8%	4%	10%	7%	8%	9%	20%	12%	13%
ROE	-	16%	17%	25%	18%	20%	24%	38%	17%	21%

Net Margins (7.95%)

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.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-10.3	14.1	15.98	10.75	60.45	11.02	4.65	-15.08	-4.08
Debt over Equity	2.26	2	1.71	2.16	2.53	2.18	1.62	1	0.86	1.02
Growth Stability	-	-	-	100%	100%	100%	100%	100%	96%	96%

Good Debt/FCF ratio (-4.08)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.02)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (96%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	13%	20%	3%	-8%	26%	15%	-18%	6%
Earnings YoY growth	-	-39%	16%	85%	-28%	28%	53%	129%	-45%	40%
Equity YoY growth	-	13%	14%	24%	-2%	17%	26%	48%	19%	30%
FCF YoY growth	-	-155%	-171%	38%	71%	-82%	415%	117%	-131%	7%