HEARTLAND EXPRESS INC (HTLD)
US4223471040 - Common Stock
Taking everything into account, HTLD scores 4 out of 10 in our fundamental rating. HTLD was compared to 38 industry peers in the Ground Transportation industry. While HTLD seems to be doing ok healthwise, there are quite some concerns on its profitability. HTLD is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year HTLD was profitable.
In the past year HTLD had a positive cash flow from operations.
In the past 5 years HTLD has always been profitable.
HTLD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of HTLD (1.60%) is worse than 65.79% of its industry peers.
HTLD has a worse Return On Equity (2.93%) than 68.42% of its industry peers.
With a Return On Invested Capital value of 1.96%, HTLD is not doing good in the industry: 68.42% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for HTLD is below the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 2.93% | ||
| ROIC | 1.96% |
ROA(3y)8%
ROA(5y)8.22%
ROE(3y)12.1%
ROE(5y)11.75%
ROIC(3y)5.67%
ROIC(5y)5.82%
1.3 Margins
The Profit Margin of HTLD (1.96%) is worse than 65.79% of its industry peers.
In the last couple of years the Profit Margin of HTLD has grown nicely.
Looking at the Operating Margin, with a value of 2.94%, HTLD is doing worse than 65.79% of the companies in the same industry.
In the last couple of years the Operating Margin of HTLD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.94% | ||
| PM (TTM) | 1.96% | ||
| GM | N/A |
OM growth 3Y-3.61%
OM growth 5Y9.3%
PM growth 3Y4.11%
PM growth 5Y2.19%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HTLD is destroying value.
Compared to 1 year ago, HTLD has about the same amount of shares outstanding.
Compared to 5 years ago, HTLD has less shares outstanding
Compared to 1 year ago, HTLD has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.78 indicates that HTLD is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.78, HTLD perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
HTLD has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
HTLD has a better Debt to Equity ratio (0.39) than 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.78 |
ROIC/WACC0.21
WACC9.26%
2.3 Liquidity
A Current Ratio of 1.28 indicates that HTLD should not have too much problems paying its short term obligations.
HTLD has a better Current ratio (1.28) than 60.53% of its industry peers.
A Quick Ratio of 1.28 indicates that HTLD should not have too much problems paying its short term obligations.
HTLD has a better Quick ratio (1.28) than 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
HTLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -66.06%.
Measured over the past years, HTLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.32% on average per year.
The Revenue has grown by 69.08% in the past year. This is a very strong growth!
The Revenue has been growing by 9.77% on average over the past years. This is quite good.
EPS 1Y (TTM)-66.06%
EPS 3Y5.33%
EPS 5Y15.32%
EPS growth Q2Q-136.36%
Revenue 1Y (TTM)69.08%
Revenue growth 3Y17.49%
Revenue growth 5Y9.77%
Revenue growth Q2Q7.66%
3.2 Future
Based on estimates for the next years, HTLD will show a decrease in Earnings Per Share. The EPS will decrease by -0.32% on average per year.
HTLD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.53% yearly.
EPS Next Y-57.34%
EPS Next 2Y-14.23%
EPS Next 3Y-0.32%
EPS Next 5YN/A
Revenue Next Year32.62%
Revenue Next 2Y16.51%
Revenue Next 3Y12.53%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 37.19, which means the current valuation is very expensive for HTLD.
Based on the Price/Earnings ratio, HTLD is valued a bit more expensive than the industry average as 73.68% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 24.97. HTLD is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 17.98, the valuation of HTLD can be described as rather expensive.
60.53% of the companies in the same industry are more expensive than HTLD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of HTLD to the average of the S&P500 Index (20.05), we can say HTLD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.19 | ||
| Fwd PE | 17.98 |
4.2 Price Multiples
84.21% of the companies in the same industry are more expensive than HTLD, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.98 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.43
EPS Next 2Y-14.23%
EPS Next 3Y-0.32%
5. Dividend
5.1 Amount
HTLD has a yearly dividend return of 0.60%, which is pretty low.
Compared to an average industry Dividend Yield of 1.43, HTLD has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.58, HTLD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
The dividend of HTLD decreases each year by -0.15%.
HTLD has paid a dividend for at least 10 years, which is a reliable track record.
HTLD has decreased its dividend recently.
Dividend Growth(5Y)-0.15%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
25.00% of the earnings are spent on dividend by HTLD. This is a low number and sustainable payout ratio.
The Dividend Rate of HTLD has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP25%
EPS Next 2Y-14.23%
EPS Next 3Y-0.32%
HEARTLAND EXPRESS INC
NASDAQ:HTLD (12/8/2023, 7:00:02 PM)
After market: 13.97 +0.21 (+1.53%)13.76
-0.04 (-0.29%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.09B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.19 | ||
| Fwd PE | 17.98 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 2.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.94% | ||
| PM (TTM) | 1.96% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-66.06%
EPS 3Y5.33%
EPS 5Y
EPS growth Q2Q
EPS Next Y-57.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)69.08%
Revenue growth 3Y17.49%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y