TSX:TFII

Stock Analysis Report

Executive Summary

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

How has TFI International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

TSX:TFII

1.8%

CA Transportation

-0.04%

CA Market


1 Year Return

-19.7%

TSX:TFII

9.5%

CA Transportation

-4.8%

CA Market

TFII underperformed the Transportation industry which returned 8.2% over the past year.

TFII underperformed the Market in Canada which returned -4.6% over the past year.


Share holder returns

TFIIIndustryMarket
7 Day2.3%1.8%-0.04%
30 Day-0.8%3.5%-2.5%
90 Day-12.0%0.5%-2.7%
1 Year-17.8%-19.7%11.2%9.5%-1.4%-4.8%
3 Year54.4%43.6%57.3%50.2%14.3%4.2%
5 Year56.8%38.3%63.3%51.3%13.0%-2.9%

Price Volatility Vs. Market

How volatile is TFI International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TFI International undervalued based on future cash flows and its price relative to the stock market?

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

TFI International's share price is below the future cash flow value, and at a moderate discount (> 20%).

TFI International's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

TFI International is good value based on earnings compared to the North America Transportation industry average.

TFI International is good value based on earnings compared to the Canada market.


Price Based on Expected Growth

TFI International is poor value based on expected growth next year.


Price Based on Value of Assets

TFI International is overvalued based on assets compared to the CA Transportation industry average.


Next Steps

Future Growth

How is TFI International expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

TFI International's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

TFI International's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

TFI International's revenue growth is positive but not above the Canada market average.

TFI International's earnings growth is positive but not above the Canada market average.

TFI International's earnings growth is positive but not above the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

TFI International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has TFI International performed over the past 5 years?

26.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TFI International has delivered over 20% year on year earnings growth in the past 5 years.

TFI International's 1-year earnings growth is negative, it can't be compared to the 5-year average.

TFI International's 1-year earnings growth is negative, it can't be compared to the North America Transportation industry average.


Return on Equity

Whilst TFI International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

TFI International used its assets more efficiently than the North America Transportation industry average last year based on Return on Assets.


Return on Capital Employed

TFI International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is TFI International's financial position?


Financial Position Analysis

TFI International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

TFI International's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

TFI International's level of debt (120.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (97.9% vs 120.6% today).

Debt is well covered by operating cash flow (35.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

What is TFI International's current dividend yield, its reliability and sustainability?

2.72%

Expected Dividend Yield


Dividend Yield and Payments Analysis

TFI International's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).

TFI International's dividend is below the markets top 25% of dividend payers in Canada (5.98%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).


Next Steps

Management

What is the CEO of TFI International's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Alain Bédard (66yo)

23.6yrs

Tenure

CA$8,168,471

Compensation

Mr. Alain Bédard, FCA, FCPA, CMA, serves as the President of 2400520 Ontario Inc. Mr. Bédard has been the President and Chief Executive Officer of TransForce Inc, since 2007 and 1996 respectively. He serve ...


CEO Compensation Analysis

Alain's remuneration is higher than average for companies of similar size in Canada.

Alain's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.3yrs

Average Tenure

The average tenure for the TFI International management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.3yrs

Average Tenure

67yo

Average Age

The tenure for the TFI International board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellCA$3,621,60013 Mar 19
Alain Bédard
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares90,000
Max PriceCA$40.24
SellCA$1,194,45022 Aug 18
Gregory Rumble
EntityIndividual
Shares25,125
Max PriceCA$47.60

Ownership Breakdown


Management Team

  • Brian Kohut

    Executive Vice President

    • Tenure: 8.3yrs
    • Compensation: CA$1.15m
  • Alain Bédard (66yo)

    Chairman

    • Tenure: 23.6yrs
    • Compensation: CA$8.17m
  • Rob O'Reilly

    Executive Vice President

    • Tenure: 8.3yrs
    • Compensation: CA$1.05m
  • Josiane-Mélanie Langlois

    VP of Legal Affairs & Corporate Secretary

    • Tenure: 0.0yrs
  • Johanne Dean

    Vice President of Marketing & Communications

    • Tenure: 0.0yrs
  • Sylvain Desaulniers

    Vice President of Human Resources

    • Tenure: 0.0yrs
  • Chantal Martel

    Vice President of Insurance & Compliance

    • Tenure: 0.0yrs
  • Bob McGonigal

    Executive Vice President

    • Tenure: 0.0yrs
    • Compensation: CA$846.08k
  • Rick Hashie

    Executive Vice President

    • Tenure: 2.3yrs
    • Compensation: CA$851.96k
  • David Saperstein

    Chief Financial Officer

    • Tenure: 0.6yrs

Board Members

  • Debra Kelly-Ennis (62yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$158.32k
  • André Bérard (78yo)

    Lead Director

    • Tenure: 0.0yrs
    • Compensation: CA$181.55k
  • Alain Bédard (66yo)

    Chairman

    • Tenure: 23.6yrs
    • Compensation: CA$8.17m
  • Arun Nayar (68yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: CA$121.62k
  • Neil Manning (73yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: CA$124.20k
  • Joey Saputo (54yo)

    Independent Director

    • Tenure: 23.6yrs
    • Compensation: CA$114.85k
  • Lucien Bouchard (80yo)

    Independent Director

    • Tenure: 11.7yrs
    • Compensation: CA$117.20k
  • Leslie Abi-Karam (60yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: CA$72.40k
  • Diane Giard (58yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: CA$28.00k
  • Richard Guay (68yo)

    Independent Director

    • Tenure: 15.6yrs
    • Compensation: CA$143.50k

Company Information

TFI International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TFI International Inc.
  • Ticker: TFII
  • Exchange: TSX
  • Founded:
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: CA$3.214b
  • Shares outstanding: 83.51m
  • Website: https://www.tfiintl.com

Number of Employees


Location

  • TFI International Inc.
  • 8801 Trans-Canada Highway
  • Suite 500
  • Montreal
  • Quebec
  • H4S 1Z6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TFIITSX (The Toronto Stock Exchange)YesNew Common SharesCACADNov 1990
9TFDB (Deutsche Boerse AG)YesNew Common SharesDEEURNov 1990
TFIF.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDNov 1990
TFII NBMV (Bolsa Mexicana de Valores)YesNew Common SharesMXMXNNov 1990

Biography

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 00:10
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.