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CSX

Nasdaq:CSX
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSX
Nasdaq
$63B
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The last earnings update was 33 days ago. More info.


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CSX Share Price and Events
7 Day Returns
2.1%
NasdaqGS:CSX
-1%
US Transportation
-0.7%
US Market
1 Year Returns
22.5%
NasdaqGS:CSX
13.9%
US Transportation
3%
US Market
CSX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSX (CSX) 2.1% -0.7% 8.1% 22.5% 206.5% 166.4%
US Transportation -1% 1.4% 2.9% 13.9% 96.9% 78.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • CSX outperformed the Transportation industry which returned 13.9% over the past year.
  • CSX outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CSX
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CSX to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CSX.

NasdaqGS:CSX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CSX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Transportation Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.029 (1 + (1- 21%) (25.73%))
1.16
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.16 * 5.96%)
9.64%

Discounted Cash Flow Calculation for NasdaqGS:CSX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CSX is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CSX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.64%)
2019 3,408.67 Analyst x12 3,108.88
2020 3,600.50 Analyst x12 2,995.04
2021 3,725.67 Analyst x3 2,826.59
2022 3,494.00 Analyst x1 2,417.70
2023 3,632.00 Analyst x1 2,292.16
2024 3,652.09 Est @ 0.55% 2,102.13
2025 3,696.14 Est @ 1.21% 1,940.38
2026 3,757.62 Est @ 1.66% 1,799.16
2027 3,832.14 Est @ 1.98% 1,673.48
2028 3,916.73 Est @ 2.21% 1,559.99
Present value of next 10 years cash flows $22,715.52
NasdaqGS:CSX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,916.73 × (1 + 2.73%) ÷ (9.64% – 2.73%)
$58,205.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $58,205.75 ÷ (1 + 9.64%)10
$23,182.71
NasdaqGS:CSX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $22,715.52 + $23,182.71
$45,898.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $45,898.23 / 809.16
$56.72
NasdaqGS:CSX Discount to Share Price
Calculation Result
Value per share (USD) From above. $56.72
Current discount Discount to share price of $78.40
= -1 x ($78.40 - $56.72) / $56.72
-38.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CSX is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CSX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CSX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.11
NasdaqGS:CSX Share Price ** NasdaqGS (2019-05-17) in USD $78.4
United States of America Transportation Industry PE Ratio Median Figure of 24 Publicly-Listed Transportation Companies 17.38x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CSX.

NasdaqGS:CSX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CSX Share Price ÷ EPS (both in USD)

= 78.4 ÷ 4.11

19.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSX is overvalued based on earnings compared to the US Transportation industry average.
  • CSX is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does CSX's expected growth come at a high price?
Raw Data
NasdaqGS:CSX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
4.5%per year
United States of America Transportation Industry PEG Ratio Median Figure of 22 Publicly-Listed Transportation Companies 1.77x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CSX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.09x ÷ 4.5%

4.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSX is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CSX's assets?
Raw Data
NasdaqGS:CSX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.36
NasdaqGS:CSX Share Price * NasdaqGS (2019-05-17) in USD $78.4
United States of America Transportation Industry PB Ratio Median Figure of 28 Publicly-Listed Transportation Companies 1.69x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CSX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CSX Share Price ÷ Book Value per Share (both in USD)

= 78.4 ÷ 15.36

5.1x

* Primary Listing of CSX.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSX is overvalued based on assets compared to the US Transportation industry average.
X
Value checks
We assess CSX's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. CSX has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CSX expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSX expected to grow at an attractive rate?
  • CSX's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CSX's earnings growth is positive but not above the United States of America market average.
  • CSX's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CSX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CSX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 4.5%
NasdaqGS:CSX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.4%
United States of America Transportation Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Transportation Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CSX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CSX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,578 5,688 2
2022-12-31 13,911 5,443 3,920 3
2021-12-31 13,423 5,333 3,870 9
2020-12-31 13,036 5,228 3,692 23
2019-12-31 12,602 4,976 3,508 23
NasdaqGS:CSX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 12,387 4,848 3,447
2018-12-31 12,250 4,641 3,308
2018-09-30 11,970 4,017 6,606
2018-06-30 11,584 3,915 6,170
2018-03-31 11,415 3,395 5,803
2017-12-31 11,408 3,472 5,470
2017-09-30 11,582 3,414 1,788
2017-06-30 11,549 3,015 1,785
2017-03-31 11,320 3,330 1,719
2016-12-30 11,069 3,041 1,713
2016-09-23 10,813 3,346 1,721
2016-06-24 11,042 3,380 1,772

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CSX's earnings are expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
  • CSX's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CSX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from CSX Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 5.70 5.70 5.70 1.00
2021-12-31 5.41 5.60 5.15 7.00
2020-12-31 4.84 5.05 4.65 19.00
2019-12-31 4.40 4.50 4.30 18.00
NasdaqGS:CSX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.11
2018-12-31 3.86
2018-09-30 7.56
2018-06-30 6.96
2018-03-31 6.44
2017-12-31 6.00
2017-09-30 1.94
2017-06-30 1.92
2017-03-31 1.83
2016-12-30 1.81
2016-09-23 1.80
2016-06-24 1.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CSX is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CSX's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CSX has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CSX performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CSX's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CSX has delivered over 20% year on year earnings growth in the past 5 years.
  • CSX's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CSX's 1-year earnings growth is negative, it can't be compared to the US Transportation industry average.
Earnings and Revenue History
CSX's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CSX Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 12,387.00 3,447.00
2018-12-31 12,250.00 3,308.00
2018-09-30 11,970.00 6,606.00
2018-06-30 11,584.00 6,170.00
2018-03-31 11,415.00 5,803.00
2017-12-31 11,408.00 5,470.00
2017-09-30 11,582.00 1,788.00
2017-06-30 11,549.00 1,785.00
2017-03-31 11,320.00 1,719.00
2016-12-30 11,069.00 1,713.00
2016-09-23 10,813.00 1,721.00
2016-06-24 11,042.00 1,772.00
2016-03-25 11,402.00 1,881.00
2015-12-25 11,811.00 1,967.00
2015-09-25 12,222.00 1,992.00
2015-06-26 12,504.00 1,994.00
2015-03-27 12,684.00 1,970.00
2014-12-26 12,669.00 1,926.00
2014-09-26 12,509.00 1,861.00
2014-06-27 12,273.00 1,808.00
2014-03-28 12,075.00 1,800.00
2013-12-27 12,026.00 1,864.00
2013-09-27 11,885.00 1,886.00
2013-06-28 11,794.00 1,886.00
2013-03-29 11,760.00 1,877.00
2012-12-28 11,763.00 1,863.00
2012-09-28 11,823.00 1,873.00
2012-06-29 11,892.00 1,882.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst CSX 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.
  • CSX used its assets more efficiently than the US Transportation industry average last year based on Return on Assets.
  • CSX has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CSX's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CSX has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CSX's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CSX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSX's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CSX's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CSX Company Filings, last reported 1 month ago.

NasdaqGS:CSX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12,445.00 16,321.00 2,010.00
2018-12-31 12,580.00 14,757.00 1,111.00
2018-09-30 13,735.00 13,772.00 1,278.00
2018-06-30 14,023.00 13,788.00 1,403.00
2018-03-31 14,391.00 13,787.00 1,990.00
2017-12-31 14,721.00 11,809.00 419.00
2017-09-30 10,902.00 11,807.00 704.00
2017-06-30 11,601.00 11,825.00 1,097.00
2017-03-31 11,669.00 11,294.00 1,217.00
2016-12-30 11,694.00 11,293.00 1,020.00
2016-09-23 11,670.00 10,519.00 755.00
2016-06-24 11,625.00 10,537.00 828.00
2016-03-25 11,606.00 10,536.00 1,106.00
2015-12-25 11,668.00 10,535.00 1,438.00
2015-09-25 11,660.00 10,106.00 966.00
2015-06-26 11,577.00 10,125.00 1,118.00
2015-03-27 11,338.00 9,741.00 818.00
2014-12-26 11,176.00 9,742.00 961.00
2014-09-26 11,142.00 9,617.00 1,054.00
2014-06-27 10,904.00 9,309.00 789.00
2014-03-28 10,645.00 9,346.00 723.00
2013-12-27 10,504.00 9,555.00 1,079.00
2013-09-27 9,868.00 9,051.00 719.00
2013-06-28 9,662.00 9,375.00 1,017.00
2013-03-29 9,348.00 9,418.00 1,072.00
2012-12-28 9,136.00 9,832.00 1,371.00
2012-09-28 9,031.00 9,063.00 728.00
2012-06-29 8,895.00 9,089.00 683.00
  • CSX's level of debt (131.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.7% vs 131.1% today).
  • Debt is well covered by operating cash flow (29.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess CSX's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CSX has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.22%
Current annual income from CSX dividends. Estimated to be 1.37% next year.
If you bought $2,000 of CSX shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CSX's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • CSX's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase CSX before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CSX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
United States of America Transportation Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CSX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.12 1.00
2022-12-31 1.17 2.00
2021-12-31 1.15 7.00
2020-12-31 1.11 13.00
2019-12-31 0.98 14.00
NasdaqGS:CSX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.960 1.224
2019-02-06 0.960 1.294
2018-10-03 0.880 1.303
2018-08-03 0.880 1.193
2018-05-18 0.880 1.331
2018-02-12 0.880 1.535
2017-10-05 0.800 1.479
2017-07-07 0.800 1.559
2017-04-20 0.800 1.522
2017-04-19 0.720 1.493
2016-10-05 0.720 1.836
2016-07-13 0.720 2.509
2016-05-13 0.720 2.751
2016-02-11 0.720 2.807
2015-10-08 0.720 2.803
2015-07-08 0.720 2.486
2015-04-14 0.720 2.074
2015-02-11 0.640 1.868
2014-10-08 0.640 1.825
2014-07-09 0.640 2.067
2014-04-15 0.640 2.172
2014-02-12 0.600 2.123
2013-10-02 0.600 2.220
2013-07-10 0.600 2.364
2013-04-16 0.600 2.446
2013-02-13 0.560 2.380
2012-10-03 0.560 2.715
2012-07-11 0.560 2.502
2012-05-09 0.560 2.595
2012-02-08 0.480 2.218
2011-10-04 0.480 2.220
2011-07-13 0.480 2.221
2011-05-04 0.480 1.882
2011-04-20 0.347 1.356
2011-04-19 0.347 1.386
2011-02-11 0.347 1.372
2011-01-24 0.347 1.473
2010-09-29 0.347 1.670
2010-07-14 0.320 1.829
2010-05-05 0.320 1.843
2010-02-10 0.320 1.880
2009-09-09 0.293 1.891
2009-07-16 0.293 2.081

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of CSX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess CSX's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CSX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSX has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Foote
COMPENSATION $13,770,601
AGE 64
TENURE AS CEO 1.4 years
CEO Bio

Mr. James M. Foote, also known as Jim, has been President, CEO and Director of CSX Corporation since December 22, 2017. Mr. Foote served as Chief Operating Officer of CSX Corporation from November 2017 to December 22, 2017 and also as its Acting Chief Executive Officer from December 14, 2017 to December 22, 2017. Mr. Foote has over 40 years of railroad industry experience. He served as President and Chief Executive Officer of Bright Rail Energy. He served as Executive Vice President of Sales and Marketing of Canadian National Railway Company since October 2000. Mr. Foote was responsible for the strategic leadership and direction of CN's sales and marketing groups. Mr. Foote joined CN in August 1995 as Vice-President, Investor Relations, to assist its privatization. He served as CN's Vice-President of Merchandise and later Senior Vice-President, Sales and Marketing. He served as Vice-President, Corporate Development, Investor Relations and Tax with the Chicago and North Western Railroad, where he held successively senior management positions in finance, law, labor relations, corporate communications and operations. He was Member of the Managers Board of Halterm Income Fund. Mr. Foote served as Chairman and Director of Halterm Limited. He serves as Director of Bright Rail Energy, Inc. He is a graduate of the University of Wisconsin - Superior, the John Marshall Law School in Chicago and has a master degree in law from the Chicago Kent College of Law.

CEO Compensation
  • Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CSX management team in years:

1.5
Average Tenure
54
Average Age
  • The average tenure for the CSX management team is less than 2 years, this suggests a new team.
Management Team

Jim Foote

TITLE
President
COMPENSATION
$14M
AGE
64
TENURE
1.4 yrs

Frank Lonegro

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
49
TENURE
3.7 yrs

Nathan Goldman

TITLE
Executive VP
COMPENSATION
$4M
AGE
60
TENURE
1.5 yrs

Mark Wallace

TITLE
Executive Vice President of Sales & Marketing
COMPENSATION
$6M
AGE
48
TENURE
0.8 yrs

Ed Harris

TITLE
Executive Vice President of Operations - CSX Transportation
COMPENSATION
$7M
AGE
68
TENURE
1.3 yrs

Sarah Brandt

TITLE
Senior VP & Chief Information Officer
COMPENSATION
$3M
AGE
54
TENURE
2.8 yrs

Diana Sorfleet

TITLE
Executive VP
AGE
53
TENURE
0.8 yrs

Bill Slater

TITLE
Head of IR

Jermaine Swafford

TITLE
Senior VP of Operations - West
TENURE
2.3 yrs

Greg Mellish

TITLE
Chief Engineer of Maintenance of Way - North
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the CSX board of directors in years:

6
Average Tenure
64
Average Age
  • The tenure for the CSX board of directors is about average.
Board of Directors

John Zillmer

TITLE
Chairman
COMPENSATION
$267K
AGE
63
TENURE
0.3 yrs

Jim Foote

TITLE
President
COMPENSATION
$14M
AGE
64
TENURE
1.4 yrs

Paul Hilal

TITLE
Vice Chairman
COMPENSATION
$247K
AGE
51
TENURE
2.2 yrs

Steve Halverson

TITLE
Independent Director
COMPENSATION
$302K
AGE
64
TENURE
12.7 yrs

Pam Carter

TITLE
Independent Director
COMPENSATION
$257K
AGE
68
TENURE
8.9 yrs

David Moffett

TITLE
Independent Director
COMPENSATION
$317K
AGE
66
TENURE
4 yrs

Donna Alvarado

TITLE
Independent Director
COMPENSATION
$252K
AGE
69
TENURE
12.7 yrs

John McPherson

TITLE
Independent Director
COMPENSATION
$247K
AGE
71
TENURE
10.8 yrs

Steve Whisler

TITLE
Independent Director
COMPENSATION
$302K
AGE
63
TENURE
8 yrs

Linda Riefler

TITLE
Independent Director
COMPENSATION
$252K
AGE
57
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Jan 19 Sell MR Argent Advisor LLC Company 25. Jan 19 25. Jan 19 -2,780,000 $64.42 $-179,087,600
25. Jan 19 Sell MR Argent Advisor LLC Company 23. Jan 19 24. Jan 19 -1,930,318 $65.83 $-125,489,324
X
Management checks
We assess CSX's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CSX has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Financially Strong Is CSX Corporation (NASDAQ:CSX)?

the key to their continued success lies in its financial health. … Today we will look at CSX’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

Investors Who Bought CSX (NASDAQ:CSX) Shares Three Years Ago Are Now Up 190%

To wit, the CSX Corporation (NASDAQ:CSX) share price has flown 190% in the last three years. … During three years of share price growth, CSX achieved compound earnings per share growth of 29% per year. … This EPS growth is lower than the 43% average annual increase in the share price.

Simply Wall St -

Is There Now An Opportunity In CSX Corporation (NASDAQ:CSX)?

saw a significant share price rise of over 20% in the past couple of months on the NASDAQGS. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price … However, what if the stock is still a bargain?

Simply Wall St -

What Should You Know About CSX Corporation's (NASDAQ:CSX) Long Term Outlook?

CSX Corporation's (NASDAQ:CSX) latest earnings update in December 2018a … signalled … company

Simply Wall St -

CSX Corporation (NASDAQ:CSX) Earns A Nice Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Type Of Shareholder Owns CSX Corporation's (NASDAQ:CSX)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

Have Insiders Been Buying CSX Corporation (NASDAQ:CSX) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So before you buy or sell CSX Corporation (NASDAQ:CSX), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'.

Simply Wall St -

Don't Sell CSX Corporation (NASDAQ:CSX) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … CSX has a price to earnings ratio of 18.42, based on the last twelve months. … How Do I Calculate CSX's Price To Earnings Ratio

Simply Wall St -

Does CSX Corporation's (NASDAQ:CSX) Debt Level Pose A Problem?

its financial health remains the key to continued success. … I will provide an overview of CSX’s financial liquidity and leverage to give you an idea of CSX’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

Can CSX Corporation (NASDAQ:CSX) Maintain Its Strong Returns?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.48 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants. The company also exports coal to deep-water port facilities. In addition, it offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers in the eastern United States; drayage services, including the pickup and delivery of intermodal shipments; and trucking dispatch services. Further, the company serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products from rail to trucks, which includes plastics and ethanol. Additionally, it acquires, develops, sells, leases, and manages real estate properties. The company operates approximately 20,500 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,900 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was founded in 1978 and is based in Jacksonville, Florida.

Details
Name: CSX Corporation
CSX
Exchange: NasdaqGS
Founded: 1978
$63,438,431,414
809,163,666
Website: http://www.csx.com
Address: CSX Corporation
500 Water Street,
15th Floor,
Jacksonville,
Florida, 32202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CSX Common Stock Nasdaq Global Select US USD 03. Nov 1980
DB CXR Common Stock Deutsche Boerse AG DE EUR 03. Nov 1980
BST CXR Common Stock Boerse-Stuttgart DE EUR 03. Nov 1980
LSE 0HRJ Common Stock London Stock Exchange GB USD 03. Nov 1980
WBAG CSX Common Stock Wiener Boerse AG AT EUR 03. Nov 1980
BMV CSX * Common Stock Bolsa Mexicana de Valores MX MXN 03. Nov 1980
BOVESPA CSXC34 BDR EACH REP 0.5 COM USD1 Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
22,475
CSX employees.
Industry
Railroads
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:29
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.