HEARTLAND EXPRESS INC (HTLD) Stock Fundamental Analysis
NASDAQ:HTLD - Nasdaq - US4223471040 - Common Stock - Currency: USD
HTLD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 39 industry peers in the Ground Transportation industry. The financial health of HTLD is average, but there are quite some concerns on its profitability. HTLD does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year HTLD has reported negative net income.
HTLD had a positive operating cash flow in the past year.
HTLD had positive earnings in 4 of the past 5 years.
HTLD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HTLD has a worse Return On Assets (-2.12%) than 66.67% of its industry peers.
With a Return On Equity value of -3.53%, HTLD is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.12% | ||
| ROE | -3.53% | ||
| ROIC | N/A |
ROA(3y)2.25%
ROA(5y)4.55%
ROE(3y)4.57%
ROE(5y)6.88%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for HTLD so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HTLD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HTLD has less shares outstanding
HTLD has less shares outstanding than it did 5 years ago.
The debt/assets ratio for HTLD has been reduced compared to a year ago.
2.2 Solvency
HTLD has an Altman-Z score of 2.46. This is not the best score and indicates that HTLD is in the grey zone with still only limited risk for bankruptcy at the moment.
HTLD has a Altman-Z score (2.46) which is comparable to the rest of the industry.
The Debt to FCF ratio of HTLD is 18.45, which is on the high side as it means it would take HTLD, 18.45 years of fcf income to pay off all of its debts.
HTLD's Debt to FCF ratio of 18.45 is fine compared to the rest of the industry. HTLD outperforms 61.54% of its industry peers.
HTLD has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
HTLD's Debt to Equity ratio of 0.23 is fine compared to the rest of the industry. HTLD outperforms 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 18.45 | ||
| Altman-Z | 2.46 |
ROIC/WACCN/A
WACC9.47%
2.3 Liquidity
A Current Ratio of 0.90 indicates that HTLD may have some problems paying its short term obligations.
HTLD has a Current ratio (0.90) which is comparable to the rest of the industry.
A Quick Ratio of 0.90 indicates that HTLD may have some problems paying its short term obligations.
The Quick ratio of HTLD (0.90) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The earnings per share for HTLD have decreased strongly by -157.14% in the last year.
HTLD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.10%.
HTLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.91% yearly.
EPS 1Y (TTM)-157.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.26%
Revenue 1Y (TTM)-13.1%
Revenue growth 3Y19.93%
Revenue growth 5Y11.91%
Sales Q2Q%-18.83%
3.2 Future
HTLD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 64.36% yearly.
HTLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.40% yearly.
EPS Next Y9.95%
EPS Next 2Y62.58%
EPS Next 3Y64.36%
EPS Next 5YN/A
Revenue Next Year-12.63%
Revenue Next 2Y-3.3%
Revenue Next 3Y1.4%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
HTLD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 36.39, the valuation of HTLD can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HTLD indicates a slightly more expensive valuation: HTLD is more expensive than 66.67% of the companies listed in the same industry.
HTLD is valuated expensively when we compare the Price/Forward Earnings ratio to 22.25, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 36.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HTLD is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
HTLD's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.88 | ||
| EV/EBITDA | 5.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
HTLD's earnings are expected to grow with 64.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y62.58%
EPS Next 3Y64.36%
5. Dividend
5.1 Amount
HTLD has a yearly dividend return of 0.93%, which is pretty low.
Compared to an average industry Dividend Yield of 1.58, HTLD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.93, HTLD pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
5.2 History
The dividend of HTLD decreases each year by -5.74%.
HTLD has been paying a dividend for at least 10 years, so it has a reliable track record.
HTLD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.74%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
HTLD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-22.08%
EPS Next 2Y62.58%
EPS Next 3Y64.36%
8.66
+0.03 (+0.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners52.31%
Inst Owner Change-5.77%
Ins Owners15.97%
Ins Owner Change35.24%
Market Cap680.24M
Analysts46
Price Target10.58 (22.17%)
Short Float %3.56%
Short Ratio2.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
Yearly Dividend0.06
Dividend Growth(5Y)-5.74%
DP-22.08%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-16.6%
Min EPS beat(2)-86.15%
Max EPS beat(2)52.94%
EPS beat(4)2
Avg EPS beat(4)-194.93%
Min EPS beat(4)-782.57%
Max EPS beat(4)52.94%
EPS beat(8)3
Avg EPS beat(8)-119.67%
EPS beat(12)5
Avg EPS beat(12)-82.35%
EPS beat(16)7
Avg EPS beat(16)-61.29%
Revenue beat(2)0
Avg Revenue beat(2)-8.67%
Min Revenue beat(2)-10.87%
Max Revenue beat(2)-6.47%
Revenue beat(4)0
Avg Revenue beat(4)-6.13%
Min Revenue beat(4)-10.87%
Max Revenue beat(4)-2.09%
Revenue beat(8)1
Avg Revenue beat(8)-5.29%
Revenue beat(12)4
Avg Revenue beat(12)-1.52%
Revenue beat(16)4
Avg Revenue beat(16)-2.6%
PT rev (1m)-1.19%
PT rev (3m)-12.08%
EPS NQ rev (1m)-62.26%
EPS NQ rev (3m)-606.38%
EPS NY rev (1m)-1253.09%
EPS NY rev (3m)-484.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.72%
Revenue NY rev (1m)2.22%
Revenue NY rev (3m)-10.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 36.39 | ||
| P/S | 0.68 | ||
| P/FCF | 62.88 | ||
| P/OCF | 4.89 | ||
| P/B | 0.84 | ||
| P/tB | 1.73 | ||
| EV/EBITDA | 5.84 |
EPS(TTM)-0.36
EYN/A
EPS(NY)0.24
Fwd EY2.75%
FCF(TTM)0.14
FCFY1.59%
OCF(TTM)1.77
OCFY20.47%
SpS12.69
BVpS10.28
TBVpS5
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.12% | ||
| ROE | -3.53% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 1.09% |
ROA(3y)2.25%
ROA(5y)4.55%
ROE(3y)4.57%
ROE(5y)6.88%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 18.45 | ||
| Debt/EBITDA | 1.29 | ||
| Cap/Depr | 72.69% | ||
| Cap/Sales | 12.88% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 95.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 2.46 |
F-Score3
WACC9.47%
ROIC/WACCN/A
Cap/Depr(3y)95.3%
Cap/Depr(5y)119.64%
Cap/Sales(3y)14.77%
Cap/Sales(5y)19.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-157.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.26%
EPS Next Y9.95%
EPS Next 2Y62.58%
EPS Next 3Y64.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.1%
Revenue growth 3Y19.93%
Revenue growth 5Y11.91%
Sales Q2Q%-18.83%
Revenue Next Year-12.63%
Revenue Next 2Y-3.3%
Revenue Next 3Y1.4%
Revenue Next 5YN/A
EBIT growth 1Y-3.54%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year837.25%
EBIT Next 3Y147.94%
EBIT Next 5YN/A
FCF growth 1Y-74.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-37.71%
OCF growth 3Y5.37%
OCF growth 5Y-0.28%