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 36 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
HTLD had positive earnings in the past year.
In the past year HTLD had a positive cash flow from operations.
Each year in the past 5 years HTLD has been profitable.
HTLD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HTLD has a worse Return On Assets (0.98%) than 69.44% of its industry peers.
HTLD's Return On Equity of 1.71% is on the low side compared to the rest of the industry. HTLD is outperformed by 66.67% of its industry peers.
The Return On Invested Capital of HTLD (0.07%) is worse than 72.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HTLD is below the industry average of 7.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 1.71% | ||
| ROIC | 0.07% |
ROA(3y)5.84%
ROA(5y)6.62%
ROE(3y)9.41%
ROE(5y)9.73%
ROIC(3y)3.48%
ROIC(5y)4.53%
1.3 Margins
Looking at the Profit Margin, with a value of 1.23%, HTLD is doing worse than 69.44% of the companies in the same industry.
HTLD's Profit Margin has declined in the last couple of years.
HTLD has a Operating Margin of 0.11%. This is in the lower half of the industry: HTLD underperforms 72.22% of its industry peers.
HTLD's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.11% | ||
| PM (TTM) | 1.23% | ||
| GM | N/A |
OM growth 3Y-79.33%
OM growth 5Y-60.08%
PM growth 3Y-51.86%
PM growth 5Y-36.55%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HTLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for HTLD remains at a similar level compared to 1 year ago.
The number of shares outstanding for HTLD has been reduced compared to 5 years ago.
HTLD has a better debt/assets ratio than last year.
2.2 Solvency
HTLD has an Altman-Z score of 2.58. 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 Altman-Z score value of 2.58, HTLD perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
A Debt/Equity ratio of 0.34 indicates that HTLD is not too dependend on debt financing.
The Debt to Equity ratio of HTLD (0.34) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.58 |
ROIC/WACC0.01
WACC8.53%
2.3 Liquidity
HTLD has a Current Ratio of 1.37. This is a normal value and indicates that HTLD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.37, HTLD is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
HTLD has a Quick Ratio of 1.37. This is a normal value and indicates that HTLD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.37, HTLD is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
HTLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -78.85%.
The earnings per share for HTLD have been decreasing by -24.21% on average. This is quite bad
Looking at the last year, HTLD shows a very strong growth in Revenue. The Revenue has grown by 24.74%.
HTLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.60% yearly.
EPS 1Y (TTM)-78.85%
EPS 3Y-36.76%
EPS 5Y-24.21%
EPS growth Q2Q-71.43%
Revenue 1Y (TTM)24.74%
Revenue growth 3Y23.23%
Revenue growth 5Y14.6%
Revenue growth Q2Q-22.42%
3.2 Future
The Earnings Per Share is expected to grow by 56.71% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.44% on average over the next years.
EPS Next Y-95.55%
EPS Next 2Y70.77%
EPS Next 3Y56.71%
EPS Next 5YN/A
Revenue Next Year-8.07%
Revenue Next 2Y-1.04%
Revenue Next 3Y1.44%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 46.73, the valuation of HTLD can be described as expensive.
Based on the Price/Earnings ratio, HTLD is valued a bit more expensive than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.95, HTLD is valued quite expensively.
The Price/Forward Earnings ratio is 1049.84, which means the current valuation is very expensive for HTLD.
77.78% of the companies in the same industry are cheaper than HTLD, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.40, HTLD is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.73 | ||
| Fwd PE | 1049.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HTLD is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.41 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HTLD's earnings are expected to grow with 56.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y70.77%
EPS Next 3Y56.71%
5. Dividend
5.1 Amount
HTLD has a yearly dividend return of 0.76%, which is pretty low.
In the last 3 months the price of HTLD has falen by -22.24%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.79, HTLD has a dividend in line with its industry peers.
With a Dividend Yield of 0.76, HTLD pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
5.2 History
The dividend of HTLD has a limited annual growth rate of 0.03%.
HTLD has been paying a dividend for at least 10 years, so it has a reliable track record.
HTLD has decreased its dividend recently.
Dividend Growth(5Y)0.03%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
42.73% of the earnings are spent on dividend by HTLD. This is a bit on the high side, but may be sustainable.
HTLD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP42.73%
EPS Next 2Y70.77%
EPS Next 3Y56.71%
HEARTLAND EXPRESS INC
NASDAQ:HTLD (4/22/2024, 7:07:01 PM)
After market: 10.28 0 (0%)10.28
-0.21 (-2%)
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 Cap812.43M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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)
Avg Revenue beat(12)
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 | 46.73 | ||
| Fwd PE | 1049.84 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 1.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.11% | ||
| PM (TTM) | 1.23% | ||
| 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 Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 | ||
| 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)-78.85%
EPS 3Y-36.76%
EPS 5Y
EPS growth Q2Q
EPS Next Y-95.55%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)24.74%
Revenue growth 3Y23.23%
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