Werner Enterprises Inc

Industrials
Trucking Freight/Courier Services
www.werner.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.43B
PE 54
Debt $690.00M
Cash $54.66M
EV $3.07B
FCF -$24.65M

Earnings

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Sales & Net Margins

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Earnings	$45.47M
EBIT	$90.73M
ROE	3%
ROA	3%
FCF	-$24.65M
Equity	$1.45B
Growth Stability	50%
PE	53.52
PEG	-3.5
PB	1.68
P/FCF	-98.71
P/S	0.79
Price/Cash	0.02
Debt/Equity	0.48
Debt/FCF	-27.99
Net Margins	1%
Op. Margins	3%
Earnings CAGR	2%
Sales Growth YoY	-9%
Sales Growth QoQ	-2%
Sales CAGR	6%
FCF CAGR	-0%
Equity CAGR	6%
Earnings Stability	0.02
Earnings Growth YoY	-72%
Earnings Growth QoQ	-29%

Earnings CAGR 5Y	-15%
Sales CAGR 5Y	9%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
Equity CAGR 3Y	5%
Market Cap	$2.43B
Revenue	$3.10B
Dividend Yield	1%
Payout Ratio	78%
Assets	$3.12B
Total Debt	$690.00M
Cash	$54.66M
Shares Outstanding	61.81M
EV	3.07B
Earnings Score	6%
Moat Score	36%
Safety Score	47%
Final Score	30%
Working Capital	189.26M
Current Ratio	1.53
Shares Growth 3y	-2%
Equity Growth QoQ	-0%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.

SEC Filings

Direct access to Werner Enterprises Inc (WERN) 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 Werner Enterprises Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 2%

Stability 2%

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Werner Enterprises Inc Discounted Cash Flow

Fully customizable DCF calculator online for Werner Enterprises Inc.

Years

Calculation mode

= -$242M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$25M	-$25M	-$25M	-$24M	-$24M	-$24M	-$24M	-$24M	-$24M	-$24M	-$24M	-$239M
DCF		-$22M	-$20M	-$18M	-$17M	-$15M	-$14M	-$12M	-$11M	-$10M	-$9.2M	-$92M
Value	-$242M

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	5%	6%	4%	10%	7%	7%	7%	9%	7%	3%	1%
ROA	-	13%	7%	8%	11%	11%	11%	13%	10%	6%	3%
ROE	-	13%	8%	17%	13%	15%	14%	20%	17%	7%	3%

Bad Net Margins (0.97%)

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	-	-	-	-	-	-	6.09	-11.24	-11.96	-5.23	-27.99
Debt over Equity	-	-	-	-	-	-	0.17	0.32	0.48	0.43	0.48
Growth Stability	-	-	-	100%	100%	100%	94%	100%	100%	50%	50%

Good Debt/FCF ratio (-27.99)

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.

Good Debt/Equity ratio (0.48)

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

Bad Graham’s Stability (50%)

The company has a bad stability in its earnings, which is a sign of a bad 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-2%	-4%	5%	16%	0%	-4%	15%	20%	-0%	9%
Earnings YoY growth	-	25%	-36%	156%	-17%	-1%	1%	53%	-7%	-53%	-15%
Equity YoY growth	-	12%	6%	19%	7%	-12%	8%	11%	9%	6%	7%
FCF YoY growth	-	-7%	169%	-85%	195%	-106%	457%	-216%	54%	113%	-2%