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Market Cap

US$1.5b

Last Updated

2021/05/10 09:46 UTC

Data Sources

Company Financials +

Executive Summary

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Heartland Express's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HTLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HTLD's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

HTLD

-0.4%

US Transportation

0.2%

US Market


1 Year Return

-5.7%

HTLD

55.7%

US Transportation

49.9%

US Market

Return vs Industry: HTLD underperformed the US Transportation industry which returned 55.7% over the past year.

Return vs Market: HTLD underperformed the US Market which returned 49.9% over the past year.


Shareholder returns

HTLDIndustryMarket
7 Day0.7%-0.4%0.2%
30 Day-3.0%-0.5%1.5%
90 Day-1.4%7.9%3.3%
1 Year-5.4%-5.7%57.8%55.7%52.4%49.9%
3 Year7.5%6.2%74.8%65.9%63.7%53.4%
5 Year12.5%10.2%205.2%180.6%130.6%104.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Heartland Express undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HTLD ($19.18) is trading below our estimate of fair value ($98.93)

Significantly Below Fair Value: HTLD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HTLD is good value based on its PE Ratio (21.8x) compared to the US Transportation industry average (29.4x).

PE vs Market: HTLD is poor value based on its PE Ratio (21.8x) compared to the US market (20.3x).


Price to Earnings Growth Ratio

PEG Ratio: HTLD is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: HTLD is good value based on its PB Ratio (2.1x) compared to the US Transportation industry average (2.7x).


Future Growth

How is Heartland Express forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTLD's forecast earnings growth (9.3% per year) is above the savings rate (2%).

Earnings vs Market: HTLD's earnings (9.3% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: HTLD's earnings are forecast to grow, but not significantly.

Revenue vs Market: HTLD's revenue (3.8% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: HTLD's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTLD's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

How has Heartland Express performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTLD has a large one-off gain of $19.3M impacting its March 31 2021 financial results.

Growing Profit Margin: HTLD's current net profit margins (11.3%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: HTLD's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: HTLD's earnings growth over the past year (3.5%) is below its 5-year average (3.9% per year).

Earnings vs Industry: HTLD earnings growth over the past year (3.5%) underperformed the Transportation industry 15.8%.


Return on Equity

High ROE: HTLD's Return on Equity (9.9%) is considered low.


Financial Health

How is Heartland Express's financial position?


Financial Position Analysis

Short Term Liabilities: HTLD's short term assets ($226.7M) exceed its short term liabilities ($84.1M).

Long Term Liabilities: HTLD's short term assets ($226.7M) exceed its long term liabilities ($142.9M).


Debt to Equity History and Analysis

Debt Level: HTLD is debt free.

Reducing Debt: HTLD had no debt 5 years ago.

Debt Coverage: HTLD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HTLD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HTLD's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.23%).

High Dividend: HTLD's dividend (0.42%) is low compared to the top 25% of dividend payers in the US market (3.4%).


Stability and Growth of Payments

Stable Dividend: HTLD is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: HTLD is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: HTLD is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HTLD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Mike Gerdin (50 yo)

9.67yrs

Tenure

US$820,753

Compensation

Mr. Michael J. Gerdin, also known as Mike, has been the Chief Executive Officer and President of Heartland Express, Inc. since September 2011 and since May 2006 respectively. Mr. Gerdin served as the Presi...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD820.75K) is below average for companies of similar size in the US market ($USD3.75M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HTLD's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: HTLD's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HTLD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Heartland Express, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Heartland Express, Inc.
  • Ticker: HTLD
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$1.533b
  • Shares outstanding: 79.91m
  • Website: https://www.heartlandexpress.com

Number of Employees


Location

  • Heartland Express, Inc.
  • 901 Heartland Way
  • North Liberty
  • Iowa
  • 52317
  • United States

Listings


Biography

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 09:46
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.