HEARTLAND EXPRESS INC (HTLD) Stock Fundamental Analysis
NASDAQ:HTLD - Nasdaq - US4223471040 - Common Stock - Currency: USD
Taking everything into account, HTLD scores 4 out of 10 in our fundamental rating. HTLD was compared to 41 industry peers in the Ground Transportation industry. HTLD scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. HTLD is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HTLD had negative earnings in the past year.
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's Return On Assets of -2.23% is on the low side compared to the rest of the industry. HTLD is outperformed by 65.85% of its industry peers.
The Return On Equity of HTLD (-3.61%) is worse than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.23% | ||
| ROE | -3.61% | ||
| 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.
HTLD has a better debt/assets ratio than last year.
2.2 Solvency
HTLD has an Altman-Z score of 2.52. 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.
With a decent Altman-Z score value of 2.52, HTLD is doing good in the industry, outperforming 60.98% of the companies in the same industry.
The Debt to FCF ratio of HTLD is 5.77, which is a neutral value as it means it would take HTLD, 5.77 years of fcf income to pay off all of its debts.
HTLD has a better Debt to FCF ratio (5.77) than 70.73% 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.
Looking at the Debt to Equity ratio, with a value of 0.23, HTLD is in the better half of the industry, outperforming 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 5.77 | ||
| Altman-Z | 2.52 |
ROIC/WACCN/A
WACC8.94%
2.3 Liquidity
A Current Ratio of 1.08 indicates that HTLD should not have too much problems paying its short term obligations.
HTLD's Current ratio of 1.08 is in line compared to the rest of the industry. HTLD outperforms 58.54% of its industry peers.
HTLD has a Quick Ratio of 1.08. This is a normal value and indicates that HTLD is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.08, HTLD perfoms like the industry average, outperforming 58.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
HTLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -268.18%.
The Revenue for HTLD has decreased by -13.25% in the past year. This is quite bad
The Revenue has been growing by 11.91% on average over the past years. This is quite good.
EPS 1Y (TTM)-268.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
Revenue 1Y (TTM)-13.25%
Revenue growth 3Y19.93%
Revenue growth 5Y11.91%
Sales Q2Q%-11.9%
3.2 Future
The Earnings Per Share is expected to grow by 67.69% on average over the next years. This is a very strong growth
HTLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y107.81%
EPS Next 2Y84.66%
EPS Next 3Y67.69%
EPS Next 5YN/A
Revenue Next Year-3.61%
Revenue Next 2Y1.61%
Revenue Next 3Y4.57%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 269.93, the valuation of HTLD can be described as expensive.
68.29% of the companies in the same industry are cheaper than HTLD, based on the Price/Forward Earnings ratio.
HTLD is valuated expensively when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 269.93 |
4.2 Price Multiples
HTLD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HTLD is cheaper than 90.24% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HTLD is valued cheaper than 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.61 | ||
| EV/EBITDA | 5.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HTLD does not grow enough to justify the current Price/Earnings ratio.
HTLD's earnings are expected to grow with 67.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y84.66%
EPS Next 3Y67.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.09%, HTLD has a reasonable but not impressive dividend return.
The stock price of HTLD dropped by -31.82% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
HTLD's Dividend Yield is a higher than the industry average which is at 1.71.
With a Dividend Yield of 1.09, HTLD pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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 Years0
Div Non Decr Years2
5.3 Sustainability
HTLD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-15.88%
EPS Next 2Y84.66%
EPS Next 3Y67.69%
7.8
+0.43 (+5.83%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners52.31%
Inst Owner Change-0.99%
Ins Owners15.97%
Ins Owner Change4.34%
Market Cap613.08M
Analysts46
Price Target11.22 (43.85%)
Short Float %1.66%
Short Ratio1.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.06
Dividend Growth(5Y)-5.74%
DP-15.88%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-364.81%
Min EPS beat(2)-782.57%
Max EPS beat(2)52.94%
EPS beat(4)2
Avg EPS beat(4)-187.79%
Min EPS beat(4)-782.57%
Max EPS beat(4)52.94%
EPS beat(8)4
Avg EPS beat(8)-108.28%
EPS beat(12)6
Avg EPS beat(12)-74.52%
EPS beat(16)7
Avg EPS beat(16)-56.45%
Revenue beat(2)0
Avg Revenue beat(2)-5.78%
Min Revenue beat(2)-6.47%
Max Revenue beat(2)-5.09%
Revenue beat(4)1
Avg Revenue beat(4)-3.41%
Min Revenue beat(4)-6.47%
Max Revenue beat(4)0.01%
Revenue beat(8)1
Avg Revenue beat(8)-4.08%
Revenue beat(12)4
Avg Revenue beat(12)-0.85%
Revenue beat(16)4
Avg Revenue beat(16)-2.33%
PT rev (1m)-6.78%
PT rev (3m)-6.78%
EPS NQ rev (1m)-44.66%
EPS NQ rev (3m)-22.08%
EPS NY rev (1m)-66.67%
EPS NY rev (3m)-69.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.23%
Revenue NY rev (1m)-0.86%
Revenue NY rev (3m)-5.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 269.93 | ||
| P/S | 0.59 | ||
| P/FCF | 17.61 | ||
| P/OCF | 4.25 | ||
| P/B | 0.75 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 5.21 |
EPS(TTM)-0.37
EYN/A
EPS(NY)0.03
Fwd EY0.37%
FCF(TTM)0.44
FCFY5.68%
OCF(TTM)1.84
OCFY23.54%
SpS13.33
BVpS10.47
TBVpS5.17
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.23% | ||
| ROE | -3.61% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 3.32% |
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-Score4
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 5.77 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 60.34% | ||
| Cap/Sales | 10.46% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 93.87% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 2.52 |
F-Score4
WACC8.94%
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)-268.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
EPS Next Y107.81%
EPS Next 2Y84.66%
EPS Next 3Y67.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.25%
Revenue growth 3Y19.93%
Revenue growth 5Y11.91%
Sales Q2Q%-11.9%
Revenue Next Year-3.61%
Revenue Next 2Y1.61%
Revenue Next 3Y4.57%
Revenue Next 5YN/A
EBIT growth 1Y-2249.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1019.37%
EBIT Next 3Y152.94%
EBIT Next 5YN/A
FCF growth 1Y180.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.66%
OCF growth 3Y5.37%
OCF growth 5Y-0.28%