NasdaqGS:HTLD

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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

-2.1%

HTLD

1.4%

US Transportation

2.8%

US Market


1 Year Return

-12.6%

HTLD

27.7%

US Transportation

20.9%

US Market

Return vs Industry: HTLD underperformed the US Transportation industry which returned 27.6% over the past year.

Return vs Market: HTLD underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

HTLDIndustryMarket
7 Day-2.1%1.4%2.8%
30 Day2.3%21.3%11.1%
90 Day-10.4%14.1%6.5%
1 Year-12.3%-12.6%29.5%27.7%23.6%20.9%
3 Year-17.2%-18.2%65.3%57.0%47.3%37.6%
5 Year6.8%4.8%179.2%155.6%94.3%72.9%

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 ($18.71) is trading below our estimate of fair value ($186.74)

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 (23.2x) compared to the US Transportation industry average (25.6x).

PE vs Market: HTLD is poor value based on its PE Ratio (23.2x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: HTLD is poor value based on its PEG Ratio (2x)


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 (2.5x).


Next Steps

Future Growth

How is Heartland Express forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTLD's forecast earnings growth (11.8% per year) is above the savings rate (2.2%).

Earnings vs Market: HTLD's earnings (11.8% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: HTLD's revenue (3.7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: HTLD's revenue (3.7% 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%).


Next Steps

Past Performance

How has Heartland Express performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTLD has a large one-off gain of $15.6M impacting its September 30 2020 financial results.

Growing Profit Margin: HTLD's current net profit margins (10%) are lower than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: HTLD's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: HTLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HTLD had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Transportation industry average (-10.3%).


Return on Equity

High ROE: HTLD's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Heartland Express's financial position?


Financial Position Analysis

Short Term Liabilities: HTLD's short term assets ($173.6M) exceed its short term liabilities ($84.2M).

Long Term Liabilities: HTLD's short term assets ($173.6M) exceed its long term liabilities ($153.8M).


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


Next Steps

Dividend

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

0.43%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HTLD's dividend (0.43%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HTLD's dividend (0.43%) is low compared to the top 25% of dividend payers in the US market (4.08%).


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?

5.3yrs

Average management tenure


CEO

Mike Gerdin (50 yo)

9.17yrs

Tenure

US$757,591

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 ($USD757.59K) is below average for companies of similar size in the US market ($USD4.17M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Gerdin
Chairman of the Board9.17yrsUS$757.59k5.07%
$ 76.6m
Christopher Strain
VP of Finance3yrsUS$274.16k0.018%
$ 266.2k
Todd Trimble
Vice President of Midwestern Operations4yrsUS$182.89k0.015%
$ 233.0k
Kent Rigdon
Vice President of Sales6.5yrsUS$270.58k0.0018%
$ 27.7k
Paul Rowland
Vice President of Administrationno datano datano data
Jo Borden
Vice President of Human Resources & Risk Managementno datano datano data
Joshua Helmich
VP & Controllerno datano datano data

5.3yrs

Average Tenure

49.5yo

Average Age

Experienced Management: HTLD's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Gerdin
Chairman of the Board9.17yrsUS$757.59k5.07%
$ 76.6m
Benjamin Allen
Independent Director25.83yrsUS$57.00k0.0020%
$ 29.8k
David Millis
Director0.083yrno data0.021%
$ 313.4k
Larry Gordon
Director7yrsUS$45.00k0.38%
$ 5.7m
James Pratt
Independent Director14.42yrsUS$62.25k0.016%
$ 243.2k
Tahira Hira
Independent Director9.08yrsUS$56.25k0.045%
$ 682.9k
Brenda Neville
Independent Director3.83yrsUS$46.75k0.00062%
$ 9.4k
Michael Sullivan
Independent Director2.5yrsUS$49.25k0.015%
$ 226.5k

8.0yrs

Average Tenure

69.5yo

Average Age

Experienced Board: HTLD's board of directors are considered experienced (8 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$1.512b
  • Shares outstanding: 80.80m
  • Website: https://www.heartlandexpress.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTLDNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1986
HLXDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1986

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:35
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.