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USA Truck

Nasdaq:USAK
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
USAK
Nasdaq
$92M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

USA Truck, Inc. operates as a truckload carrier in the United States, Mexico, and Canada. The last earnings update was 44 days ago. More info.


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  • USA Truck has significant price volatility in the past 3 months.
USAK Share Price and Events
7 Day Returns
0.9%
NasdaqGS:USAK
-1.4%
US Transportation
0.5%
US Market
1 Year Returns
-51.6%
NasdaqGS:USAK
6.6%
US Transportation
0.8%
US Market
USAK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
USA Truck (USAK) 0.9% -20.7% -30.2% -51.6% -44.1% -42.2%
US Transportation -1.4% -1.6% 2.1% 6.6% 83% 66.2%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • USAK underperformed the Transportation industry which returned 6.6% over the past year.
  • USAK underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
USAK
Industry
5yr Volatility vs Market

Value

 Is USA Truck 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 USA Truck 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 USA Truck.

NasdaqGS:USAK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
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:USAK
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 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 21%) (198.75%))
2.031
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

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

The calculations below outline how an intrinsic value for USA Truck 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:USAK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 7.90 Analyst x2 6.89
2020 13.30 Analyst x2 10.12
2021 16.08 Est @ 20.88% 10.67
2022 18.56 Est @ 15.43% 10.74
2023 20.72 Est @ 11.62% 10.46
2024 22.57 Est @ 8.96% 9.94
2025 24.17 Est @ 7.09% 9.28
2026 25.57 Est @ 5.78% 8.56
2027 26.81 Est @ 4.87% 7.83
2028 27.94 Est @ 4.22% 7.12
Present value of next 10 years cash flows $91.61
NasdaqGS:USAK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $27.94 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$240.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $240.83 ÷ (1 + 14.65%)10
$61.37
NasdaqGS:USAK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $91.61 + $61.37
$152.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $152.98 / 8.29
$18.46
NasdaqGS:USAK Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.46
Current discount Discount to share price of $11.05
= -1 x ($11.05 - $18.46) / $18.46
40.1%

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

Current Discount
Amount off the current price USA Truck is available for.
Intrinsic value
40%
Share price is $11.05 vs Future cash flow value of $18.46
Current Discount Checks
For USA Truck to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • USA Truck's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • USA Truck's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 USA Truck's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are USA Truck's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:USAK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.53
NasdaqGS:USAK Share Price ** NasdaqGS (2019-06-14) in USD $11.05
United States of America Transportation Industry PE Ratio Median Figure of 25 Publicly-Listed Transportation Companies 17.21x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

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

** Primary Listing of USA Truck.

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

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

= 11.05 ÷ 1.53

7.22x

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

  • USA Truck is good value based on earnings compared to the US Transportation industry average.
  • USA Truck is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does USA Truck's expected growth come at a high price?
Raw Data
NasdaqGS:USAK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
25.8%per year
United States of America Transportation Industry PEG Ratio Median Figure of 23 Publicly-Listed Transportation Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.22x ÷ 25.8%

0.28x

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

  • USA Truck is good value based on expected growth next year.
Price based on value of assets
What value do investors place on USA Truck's assets?
Raw Data
NasdaqGS:USAK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.05
NasdaqGS:USAK Share Price * NasdaqGS (2019-06-14) in USD $11.05
United States of America Transportation Industry PB Ratio Median Figure of 28 Publicly-Listed Transportation Companies 1.63x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:USAK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.05 ÷ 10.05

1.1x

* Primary Listing of USA Truck.

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

  • USA Truck is good value based on assets compared to the US Transportation industry average.
X
Value checks
We assess USA Truck'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. USA Truck has a total score of 6/6, 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 USA Truck expected to perform in the next 1 to 3 years based on estimates from 3 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
25.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is USA Truck expected to grow at an attractive rate?
  • USA Truck's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • USA Truck's earnings growth is expected to exceed the United States of America market average.
  • USA Truck's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:USAK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:USAK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 25.8%
NasdaqGS:USAK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.5%
United States of America Transportation Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Transportation Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
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:USAK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:USAK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 624 54 21 3
2019-12-31 584 51 17 3
NasdaqGS:USAK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 543 34 13
2018-12-31 534 41 12
2018-09-30 516 44 22
2018-06-30 498 44 19
2018-03-31 470 43 13
2017-12-31 447 35 7
2017-09-30 426 17 -11
2017-06-30 418 16 -12
2017-03-31 420 24 -11
2016-12-31 429 22 -8
2016-09-30 444 27 0
2016-06-30 462 36 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • USA Truck's earnings are expected to grow significantly at over 20% yearly.
  • USA Truck's revenue is expected to grow by 7.5% 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:USAK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from USA Truck Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:USAK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.51 2.80 2.00 3.00
2019-12-31 1.98 2.10 1.74 3.00
NasdaqGS:USAK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.53
2018-12-31 1.49
2018-09-30 2.67
2018-06-30 2.33
2018-03-31 1.67
2017-12-31 0.93
2017-09-30 -1.39
2017-06-30 -1.53
2017-03-31 -1.31
2016-12-31 -0.90
2016-09-30 0.01
2016-06-30 0.36

*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.
  • Unable to establish if USA Truck will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess USA Truck'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.
USA Truck has a total score of 4/6, 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 USA Truck 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 USA Truck'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.
  • USA Truck has delivered over 20% year on year earnings growth in the past 5 years.
  • USA Truck's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • USA Truck's 1-year earnings growth is negative, it can't be compared to the US Transportation industry average.
Earnings and Revenue History
USA Truck'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 USA Truck Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:USAK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 543.02 12.67 24.92
2018-12-31 534.06 12.20 23.24
2018-09-30 516.25 21.70 23.28
2018-06-30 497.90 18.81 22.68
2018-03-31 469.88 13.42 22.90
2017-12-31 446.53 7.50 25.63
2017-09-30 426.40 -11.14 24.56
2017-06-30 417.62 -12.28 24.84
2017-03-31 420.15 -10.78 24.72
2016-12-31 429.10 -7.70 21.15
2016-09-30 443.95 0.05 19.51
2016-06-30 461.98 3.51 19.29
2016-03-31 485.67 7.63 19.76
2015-12-31 507.93 11.07 21.18
2015-09-30 540.02 10.68 24.06
2015-06-30 570.15 11.56 25.12
2015-03-31 589.88 9.51 25.12
2014-12-31 602.48 6.29 24.91
2014-09-30 593.82 -1.90 26.39
2014-06-30 582.03 -6.11 26.73
2014-03-31 568.47 -8.23 27.85
2013-12-31 555.01 -9.99 27.25
2013-09-30 548.36 -7.71 24.20
2013-06-30 530.95 -13.18 22.71
2013-03-31 520.78 -15.27 21.06
2012-12-31 512.43 -17.67 20.56
2012-09-30 503.86 -18.79 20.93
2012-06-30 509.58 -17.02 21.20

*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.
  • USA Truck has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • USA Truck used its assets less efficiently than the US Transportation industry average last year based on Return on Assets.
  • USA Truck's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess USA Truck'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.
USA Truck has a total score of 1/6, 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 USA Truck'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 USA Truck's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • USA Truck's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • USA Truck's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of USA Truck'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 0.5x 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 USA Truck Company Filings, last reported 2 months ago.

NasdaqGS:USAK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 83.29 182.00 0.58
2018-12-31 80.47 160.49 0.99
2018-09-30 73.84 96.26 0.01
2018-06-30 70.13 90.29 0.03
2018-03-31 67.35 90.85 0.01
2017-12-31 66.49 107.49 0.07
2017-09-30 51.50 120.90 0.19
2017-06-30 50.96 127.81 0.17
2017-03-31 53.72 131.91 0.12
2016-12-31 58.59 152.42 0.12
2016-09-30 62.06 151.13 0.14
2016-06-30 70.02 132.54 1.12
2016-03-31 84.55 105.28 1.40
2015-12-31 93.78 101.44 0.09
2015-09-30 102.90 74.00 2.13
2015-06-30 109.70 85.84 0.70
2015-03-31 106.96 106.17 0.94
2014-12-31 99.07 117.51 0.21
2014-09-30 101.04 114.41 0.09
2014-06-30 98.16 127.51 0.04
2014-03-31 97.33 125.71 0.01
2013-12-31 98.93 128.89 0.01
2013-09-30 105.17 142.43 0.01
2013-06-30 105.60 148.04 0.87
2013-03-31 106.87 150.06 0.31
2012-12-31 109.43 143.44 1.74
2012-09-30 112.71 140.49 0.65
2012-06-30 118.70 126.44 0.63
  • USA Truck's level of debt (200%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (129.2% vs 200% today).
  • Debt is well covered by operating cash flow (20.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess USA Truck'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. USA Truck has a total score of 2/6, 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 USA Truck'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
0%
Current annual income from USA Truck dividends.
If you bought $2,000 of USA Truck shares you are expected to receive $0 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?
  • Unable to evaluate USA Truck's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate USA Truck's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:USAK 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 3 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 2011 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 1.5%
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:USAK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as USA Truck has not reported any payouts.
  • Unable to verify if USA Truck's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of USA Truck's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as USA Truck has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess USA Truck'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 USA Truck afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. USA Truck has a total score of 0/6, 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 USA Truck'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
James Reed
COMPENSATION $1,644,244
AGE 45
TENURE AS CEO 2.4 years
CEO Bio

Mr. James D. Reed has been the Chief Executive Officer and President at USA Truck Inc. since January 30, 2017 and has been its Director since January 2017. Mr. Reed served as Chief Financial Officer of USA Truck Inc. from November 1, 2016 to January 30, 2017 and its Executive Vice President from November 4, 2016 to January 30, 2017. Mr. Reed joins USA Truck from Interstate Distributor Co., Inc., a Tacoma, WA-based trucking company serving major markets throughout the U.S. and Western Canada, where he served as Chief Financial Officer of Interstate (an asset-based trucking business) from July 16, 2012 to October 2016 and as President of its subsidiary Interstate Distributor Logistics. Mr. Reed was responsible for all accounting, financial planning and analysis and IT and led Interstate’s strategic planning process. He joined Interstate in 2012 and served for a time as its Senior Vice President of Sales, with full accountability for the company’s revenue growth and strategic account development. Mr. Reed has senior financial leadership experience in world class companies like Intel, T-Mobile and Chase, where he led finance for its Isilon storage division. He has been Director of The American Transportation Research Institute since December 2017. Over more than two decades and in many different industries and disciplines, Mr. Reed has proven his ability to partner with operations to drive operational excellence and deliver consistent results. His extensive experience includes 15 years of leading finance in public companies, including as Chief Financial Officer of Mikron Industries, where he smoothly integrated a family-held private company into a public organization. He serves as a Director at Interstate Distributor Co. Prior to joining Interstate, he served as Senior Director of Finance from June 2011 to June 2012 and Division Chief Financial Officer for EMC Corporation (EMC2), where he led the integration of Isilon Systems, Inc.’s financial systems and financial reporting with EMC’s. Mr. Reed began his career with Intel Corporation in 1997. He holds an M.B.A. and a B.A. from Brigham Young University.

CEO Compensation
  • James's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • James's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the USA Truck management team in years:

1.3
Average Tenure
42.5
Average Age
  • The average tenure for the USA Truck management team is less than 2 years, this suggests a new team.
Management Team

James Reed

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
45
TENURE
2.4 yrs

Jason Bates

TITLE
CFO & Executive VP
COMPENSATION
$1M
AGE
40
TENURE
2.1 yrs

George Henry

TITLE
Senior Vice President of USAT Logistics
COMPENSATION
$538K
AGE
33
TENURE
1.3 yrs

Tim Guin

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$1M
AGE
53
TENURE
1.2 yrs

Justin Kreimer

TITLE
Vice President of Trucking Operations
TENURE
0.1 yrs

Zachary King

TITLE
VP, Principal Accounting Officer & Corporate Controller
AGE
30

Kim Littlejohn

TITLE
VP & Chief Technology Officer
COMPENSATION
$508K
AGE
59
TENURE
2.1 yrs

Chad Lane

TITLE
Investor Relations Officer

Katherine Knight

TITLE
VP, General Counsel & Secretary
TENURE
1.1 yrs

Todd Davis

TITLE
VP of USA Truck & President of Davis Transfer Company
Board of Directors Tenure

Average tenure and age of the USA Truck board of directors in years:

3.4
Average Tenure
59
Average Age
  • The tenure for the USA Truck board of directors is about average.
Board of Directors

Alex Greene

TITLE
Chairman of the Board
COMPENSATION
$96K
AGE
59
TENURE
0.1 yrs

James Reed

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
45
TENURE
2.4 yrs

Bob Creager

TITLE
Director
COMPENSATION
$98K
AGE
70
TENURE
6.6 yrs

Gary Enzor

TITLE
Director
COMPENSATION
$94K
AGE
56
TENURE
4.8 yrs

Barbara Faulkenberry

TITLE
Director
COMPENSATION
$94K
AGE
58
TENURE
3.4 yrs

M. Chambers

TITLE
Director
COMPENSATION
$99K
AGE
60
TENURE
3.3 yrs

Tom Glaser

TITLE
Director
COMPENSATION
$87K
AGE
68
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by USA Truck insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Buy Gary Enzor Individual 13. May 19 13. May 19 3,000 $13.63 $40,890
07. May 19 Buy M. Chambers Individual 06. May 19 06. May 19 1,360 $14.68 $19,963
07. May 19 Buy Thomas Glaser Individual 02. May 19 02. May 19 2,900 $13.85 $40,162
03. May 19 Buy Zachary King Individual 01. May 19 01. May 19 500 $13.65 $6,824
03. May 19 Buy Timothy Guin Individual 01. May 19 01. May 19 1,000 $13.54 $13,544
03. May 19 Buy Alexander Greene Individual 01. May 19 01. May 19 7,325 $13.70 $100,331
03. May 19 Buy Robert Creager Individual 01. May 19 01. May 19 3,600 $13.87 $49,928
03. May 19 Buy Jason Bates Individual 01. May 19 01. May 19 13,500 $13.75 $185,664
03. May 19 Buy James Reed Individual 01. May 19 01. May 19 2,500 $13.66 $34,149
08. Nov 18 Buy James Reed Individual 06. Nov 18 06. Nov 18 1,000 $19.62 $19,620
X
Management checks
We assess USA Truck'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. USA Truck 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

Before You Buy USA Truck, Inc. (NASDAQ:USAK), Consider Its Volatility

(NASDAQ:USAK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … What this means for you: Since USA Truck has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Should You Take Comfort From Insider Transactions At USA Truck, Inc. (NASDAQ:USAK)?

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.' Check out our latest analysis for USA Truck The Last 12 Months Of Insider Transactions At USA Truck CFO & Executive VP Jason Bates made the biggest insider purchase in the last 12 months. … USA Truck Insiders Bought Stock Recently Over the last quarter, USA Truck insiders have spent a meaningful amount on shares. … We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that USA Truck insiders are expecting a bright future.

Simply Wall St -

Is There Now An Opportunity In USA Truck, Inc. (NASDAQ:USAK)?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … Great news for investors – USA Truck is still trading at a fairly cheap price. … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Why We’re Not Keen On USA Truck, Inc.’s (NASDAQ:USAK) 7.6% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Looking At USA Truck, Inc. (NASDAQ:USAK) From All Angles

(NASDAQ:USAK) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … priced into the stock

Simply Wall St -

Should USA Truck Be Disappointed With Their 26% Profit?

(NASDAQ:USAK) share price is up 26% in the last five years, that's less than the market return. … Indeed, the USA Truck share price has gained 22% in three years. … This EPS growth is higher than the 6.9% average annual increase in the share price over the same three years.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand USA Truck, Inc. (NASDAQ:USAK)

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … USA Truck has a price to earnings ratio of 13.74, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why USA Truck, Inc. (NASDAQ:USAK) Could Be Worth Watching

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $22.09 at one point, and dropping to the lows of $14.41. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether USA Truck's current trading price of $15.78 reflective of the actual value of the?

Simply Wall St -

Calculating The Fair Value Of USA Truck, Inc. (NASDAQ:USAK)

I am going to run you through how I calculated the intrinsic value of USA Truck, Inc. … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Investors Should Know About USA Truck Inc's (NASDAQ:USAK) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Company Info

Description

USA Truck, Inc. operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services. The USAT Logistics segment provides freight brokerage and rail intermodal services. As of December 31, 2018, the company operates a fleet of 1,976 tractors, which included 429 independent contractor tractors; and 6,226 trailers. USA Truck, Inc. was founded in 1983 and is headquartered in Van Buren, Arkansas.

Details
Name: USA Truck, Inc.
USAK
Exchange: NasdaqGS
Founded: 1983
$91,568,874
8,286,776
Website: http://www.usa-truck.com
Address: USA Truck, Inc.
3200 Industrial Park Road,
Van Buren,
Arkansas, 72956,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS USAK Common Stock Nasdaq Global Select US USD 19. Mar 1992
DB UT3 Common Stock Deutsche Boerse AG DE EUR 19. Mar 1992
Number of employees
Current staff
Staff numbers
2,500
USA Truck employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/02
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.