ZTO Express (Cayman) (NYSE:ZTO) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Has the U.S. Logistics Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||US$323.4b||US$245.1b||US$15.2b||18.1x|
|Tue, 26 Oct 2021||US$321.7b||US$242.6b||US$14.0b||20.5x|
|Thu, 23 Sep 2021||US$301.2b||US$239.7b||US$14.2b||21x|
|Sat, 21 Aug 2021||US$312.8b||US$234.9b||US$14.5b||18.3x|
|Sat, 05 Jun 2021||US$342.1b||US$225.4b||US$12.8b||23.8x|
|Tue, 09 Mar 2021||US$133.7b||US$127.0b||US$5.2b||36.2x|
|Mon, 30 Nov 2020||US$284.7b||US$200.4b||US$8.6b||30.7x|
|Thu, 03 Sep 2020||US$262.3b||US$192.6b||US$7.9b||26x|
|Sun, 07 Jun 2020||US$177.5b||US$187.2b||US$7.5b||20.2x|
|Sat, 29 Feb 2020||US$162.2b||US$187.5b||US$6.1b||20.3x|
|Tue, 03 Dec 2019||US$193.7b||US$186.7b||US$7.6b||20.3x|
|Fri, 06 Sep 2019||US$190.6b||US$186.7b||US$7.7b||20.7x|
|Mon, 10 Jun 2019||US$165.1b||US$186.1b||US$7.6b||17.8x|
|Sun, 03 Mar 2019||US$192.6b||US$184.1b||US$10.9b||20.5x|
|Wed, 05 Dec 2018||US$207.8b||US$181.9b||US$12.9b||18.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 22.2x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Logistics industry have grown 5.7% per year over the last three years, and revenues for these companies have grown 10% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the U.S. Logistics industry?
|Air Freight and Logistics||-2.03%|
Industry PE: Investors are most optimistic about the Air Freight and Logistics industry even though it's trading below its 3-year average PE ratio of 22.2x. However analysts are expecting annual earnings growth of 0.2%, which is lower than the prior year's growth of 75% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Air Freight and Logistics industry, expecting annual earnings growth of 0.2% over the next 5 years.
ZTO Express (Cayman)
United Parcel Service
C.H. Robinson Worldwide
Echo Global Logistics
Expeditors International of Washington
Atlas Air Worldwide Holdings
Q3 earnings were stout and fundamentals remain supportive for strong business in the near term. AAWW shares are trading at decade lows in terms of value multiples implying the market believes the fundamentals are set to flounder. Remain bullish on the company, but keeping a watchful eye on management's strategy for capital allocation.
Air Transport Services Group