Knight-Swift Transportation Holdings
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Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The last earnings update was 12 days ago. More info.
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KNX Share Price and Events
7 Day Returns
1 Year Returns
KNX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Knight-Swift Transportation Holdings (KNX) | 5.4% | -10.9% | -9.6% | -25.3% | - | - |
| 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
- KNX underperformed the Transportation industry which returned 13.9% over the past year.
- KNX underperformed the Market in United States of America which returned 3% over the past year.
KNX Value
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
Knight-Swift Transportation Holdings
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Knight-Swift Transportation Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.4% |
| 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.
| 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%) (18.32%)) |
1.12 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.12 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.12 * 5.96%) |
9.4% |
Discounted Cash Flow Calculation for NYSE:KNX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Knight-Swift Transportation Holdings 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.4%) |
|
|---|---|---|---|
| 2019 | 344.73 | Analyst x6 | 315.10 |
| 2020 | 406.88 | Analyst x6 | 339.95 |
| 2021 | 350.00 | Analyst x1 | 267.29 |
| 2022 | 316.02 | Est @ -9.71% | 220.60 |
| 2023 | 297.13 | Est @ -5.98% | 189.59 |
| 2024 | 287.13 | Est @ -3.37% | 167.46 |
| 2025 | 282.72 | Est @ -1.54% | 150.72 |
| 2026 | 281.99 | Est @ -0.26% | 137.41 |
| 2027 | 283.79 | Est @ 0.64% | 126.40 |
| 2028 | 287.39 | Est @ 1.27% | 117.00 |
| Present value of next 10 years cash flows | $2,031.52 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $287.39 × (1 + 2.73%) ÷ (9.4% – 2.73%) |
$4,424.70 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $4,424.70 ÷ (1 + 9.4%)10 |
$1,801.42 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,031.52 + $1,801.42 |
$3,832.94 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,832.94 / 173.12 |
$22.14 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $22.14 |
| Current discount | Discount to share price of
$30.93
= -1 x ($30.93 - $22.14) / $22.14 |
-39.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Knight-Swift Transportation Holdings is above its future cash flow value.
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 Knight-Swift Transportation Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Knight-Swift Transportation Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.49 |
| NYSE:KNX Share Price ** | NYSE (2019-05-17) in USD | $30.93 |
| 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 Knight-Swift Transportation Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:KNX Share Price ÷ EPS (both in USD) = 30.93 ÷ 2.49 |
12.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Knight-Swift Transportation Holdings is good value based on earnings compared to the US Transportation industry average.
- Knight-Swift Transportation Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Knight-Swift Transportation Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.44x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
7.3%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 .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.44x ÷ 7.3% |
1.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Knight-Swift Transportation Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Knight-Swift Transportation Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $32.03 |
| NYSE:KNX Share Price * | NYSE (2019-05-17) in USD | $30.93 |
| 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 |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:KNX Share Price ÷ Book Value per Share (both in USD) = 30.93 ÷ 32.03 |
0.97x |
* Primary Listing of Knight-Swift Transportation Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Knight-Swift Transportation Holdings is good value based on assets compared to the US Transportation industry average.
Value checks
We assess Knight-Swift Transportation Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check) Knight-Swift Transportation Holdings has a total score of 3/6, 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.
KNX Future Performance
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!
Earnings growth vs Low Risk Savings
- Knight-Swift Transportation Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Knight-Swift Transportation Holdings's earnings growth is positive but not above the United States of America market average.
- Knight-Swift Transportation Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:KNX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 7.3% |
| NYSE:KNX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 4.7% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5,901 | 523 | 4 | |
| 2020-12-31 | 5,649 | 927 | 486 | 16 |
| 2019-12-31 | 5,372 | 897 | 449 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 5,277 | 917 | 437 |
| 2018-12-31 | 5,344 | 882 | 419 |
| 2018-09-30 | 5,309 | 767 | 715 |
| 2018-06-30 | 4,484 | 578 | 613 |
| 2018-03-31 | 3,425 | 466 | 540 |
| 2017-12-31 | 2,425 | 323 | 484 |
| 2017-09-30 | 1,355 | 188 | 59 |
| 2017-06-30 | 1,114 | 229 | 79 |
| 2017-03-31 | 1,117 | 239 | 86 |
| 2016-12-31 | 1,118 | 244 | 94 |
| 2016-09-30 | 1,120 | 241 | 101 |
| 2016-06-30 | 1,139 | 234 | 107 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Knight-Swift Transportation Holdings's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
- Knight-Swift Transportation Holdings's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
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 16 Analyst Estimates (S&P Global) | See Below |
All data from Knight-Swift Transportation Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.34 | 3.44 | 3.25 | 2.00 |
| 2020-12-31 | 2.88 | 3.20 | 2.52 | 5.00 |
| 2019-12-31 | 2.56 | 2.70 | 2.42 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.49 |
| 2018-12-31 | 2.37 |
| 2018-09-30 | 4.02 |
| 2018-06-30 | 3.84 |
| 2018-03-31 | 3.99 |
| 2017-12-31 | 4.38 |
| 2017-09-30 | 0.68 |
| 2017-06-30 | 0.98 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.17 |
| 2016-09-30 | 1.25 |
| 2016-06-30 | 1.33 |
*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.
- Knight-Swift Transportation Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Knight-Swift Transportation Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Knight-Swift Transportation Holdings has a total score of 1/6, 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.
KNX Past Performance
How has Knight-Swift Transportation Holdings 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
Past Earnings growth analysis
- Knight-Swift Transportation Holdings has delivered over 20% year on year earnings growth in the past 5 years.
- Knight-Swift Transportation Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Knight-Swift Transportation Holdings's 1-year earnings growth is negative, it can't be compared to the US Transportation industry average.
Earnings and Revenue History
All data from Knight-Swift Transportation Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 5,277.47 | 436.84 | 206.35 | |
| 2018-12-31 | 5,344.07 | 419.26 | 215.36 | |
| 2018-09-30 | 5,308.85 | 715.13 | 222.19 | |
| 2018-06-30 | 4,483.84 | 613.13 | 190.61 | |
| 2018-03-31 | 3,425.40 | 539.78 | 145.78 | |
| 2017-12-31 | 2,425.45 | 484.29 | 95.20 | |
| 2017-09-30 | 1,355.13 | 58.89 | 46.09 | |
| 2017-06-30 | 1,114.05 | 78.78 | 31.83 | |
| 2017-03-31 | 1,117.13 | 85.72 | 34.19 | |
| 2016-12-31 | 1,118.03 | 93.86 | 34.44 | |
| 2016-09-30 | 1,119.68 | 100.94 | 35.99 | |
| 2016-06-30 | 1,139.27 | 107.45 | 38.48 | |
| 2016-03-31 | 1,164.77 | 110.17 | 38.22 | |
| 2015-12-31 | 1,182.96 | 116.72 | 33.63 | |
| 2015-09-30 | 1,209.69 | 120.42 | 38.30 | |
| 2015-06-30 | 1,181.12 | 115.24 | 37.18 | |
| 2015-03-31 | 1,143.45 | 113.36 | 35.44 | |
| 2014-12-31 | 1,102.33 | 102.86 | 33.93 | |
| 2014-09-30 | 1,034.58 | 90.03 | 34.22 | |
| 2014-06-30 | 1,002.37 | 79.98 | 33.19 | |
| 2014-03-31 | 983.00 | 73.16 | 31.82 | |
| 2013-12-31 | 969.24 | 69.28 | 31.55 | |
| 2013-09-30 | 961.82 | 66.88 | 32.47 | |
| 2013-06-30 | 960.42 | 68.40 | 33.06 | |
| 2013-03-31 | 951.90 | 68.75 | 34.05 | |
| 2012-12-31 | 936.04 | 64.12 | 34.54 | |
| 2012-09-30 | 917.83 | 63.89 | 33.25 | |
| 2012-06-30 | 907.04 | 63.87 | 33.48 |
*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.
- Knight-Swift Transportation Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Knight-Swift Transportation Holdings used its assets less efficiently than the US Transportation industry average last year based on Return on Assets.
- Knight-Swift Transportation Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Knight-Swift Transportation Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Knight-Swift Transportation Holdings 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.
KNX Health
How is Knight-Swift Transportation Holdings'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 Knight-Swift Transportation Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Knight-Swift Transportation Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Knight-Swift Transportation Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x 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.
All data from Knight-Swift Transportation Holdings Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 5,544.62 | 981.19 | 60.22 |
| 2018-12-31 | 5,462.72 | 929.12 | 82.49 |
| 2018-09-30 | 5,396.19 | 971.34 | 91.34 |
| 2018-06-30 | 5,396.38 | 858.65 | 115.49 |
| 2018-03-31 | 5,309.19 | 866.88 | 79.18 |
| 2017-12-31 | 5,240.37 | 970.91 | 76.65 |
| 2017-09-30 | 4,798.26 | 959.85 | 136.42 |
| 2017-06-30 | 818.54 | 0.00 | 88.71 |
| 2017-03-31 | 800.41 | 0.00 | 44.78 |
| 2016-12-31 | 788.73 | 18.00 | 8.02 |
| 2016-09-30 | 766.53 | 52.00 | 3.89 |
| 2016-06-30 | 748.32 | 60.00 | 9.56 |
| 2016-03-31 | 732.46 | 106.00 | 21.47 |
| 2015-12-31 | 740.37 | 112.00 | 8.69 |
| 2015-09-30 | 714.85 | 120.00 | 12.70 |
| 2015-06-30 | 702.06 | 85.00 | 10.93 |
| 2015-03-31 | 710.16 | 78.40 | 18.84 |
| 2014-12-31 | 679.28 | 134.40 | 17.07 |
| 2014-09-30 | 627.85 | 37.00 | 1.61 |
| 2014-06-30 | 606.11 | 15.36 | 0.10 |
| 2014-03-31 | 577.94 | 12.00 | 9.60 |
| 2013-12-31 | 554.53 | 38.00 | 0.99 |
| 2013-09-30 | 531.72 | 52.00 | 5.28 |
| 2013-06-30 | 518.08 | 26.00 | 0.75 |
| 2013-03-31 | 502.53 | 43.00 | 10.20 |
| 2012-12-31 | 490.84 | 80.00 | 5.68 |
| 2012-09-30 | 517.39 | 45.00 | 8.23 |
| 2012-06-30 | 504.97 | 50.00 | 2.84 |
- Knight-Swift Transportation Holdings's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (2.1% vs 17.7% today).
- Debt is well covered by operating cash flow (93.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 20.4x coverage).
Financial health checks
We assess Knight-Swift Transportation Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Knight-Swift Transportation Holdings has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
KNX Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Knight-Swift Transportation Holdings
shares you are expected to receive
$16
in your first year as a dividend.
Dividend Amount
- Knight-Swift Transportation Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Knight-Swift Transportation Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment
Purchase Knight-Swift Transportation Holdings before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 16 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.30 | 4.00 |
| 2020-12-31 | 0.26 | 9.00 |
| 2019-12-31 | 0.25 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-09 | 0.240 | 0.777 |
| 2019-01-31 | 0.240 | 0.725 |
| 2018-11-09 | 0.240 | 0.815 |
| 2018-08-02 | 0.240 | 0.720 |
| 2018-05-10 | 0.240 | 0.622 |
| 2018-02-01 | 0.240 | 0.529 |
| 2018-01-30 | 0.240 | 0.499 |
| 2017-11-09 | 0.240 | 0.558 |
| 2017-11-06 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Knight-Swift Transportation Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Knight-Swift Transportation Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Knight-Swift Transportation Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Knight-Swift Transportation Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Knight-Swift Transportation Holdings has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KNX Management
CEO
| COMPENSATION | $5,186,587 |
| AGE | 42 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. David A. Jackson, also known as Dave, has been President and Chief Executive Officer at Swift Transportation Company since September 7, 2017. Mr. Jackson has been the Chief Executive Officer and President of Knight-Swift Transportation Holdings Inc. (formerly, Knight Transportation, Inc.) since January 1, 2015 and February 2011 respectively. He served as the Chief Financial Officer of Knight-Swift Transportation Holdings Inc. from January 1, 2004 to May 21, 2012 and served as its Treasurer from May 2006 to February 2011. He served as Secretary of Knight-Swift Transportation Holdings Inc. from November 2007 to February 2011. Mr. Jackson served as a Corporate Purchasing Manager of Knight-Swift Transportation Holdings Inc. from April 2000 to July 2002 and as the Owner Operator Program Director from July 2002 to January 2004. Since joining Knight-Swift Transportation Holdings Inc. in 2000, Mr. Jackson first managed the corporate purchasing function and more recently, has managed its owner-operator group. He has been a Director at Swift Transportation Company since September 7, 2017. He has been a Director of Knight-Swift Transportation Holdings Inc. since January 1, 2015. Mr. Jackson earned his degree in global business with a specialization in finance from Arizona State University.
CEO Compensation
- Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Knight-Swift Transportation Holdings management team in years:
- The tenure for the Knight-Swift Transportation Holdings management team is about average.
Management Team
Kevin Knight
Executive Chairman
$6M
61
Dave Jackson
President
$5M
42
4.3 yrs
Gary Knight
Executive Vice Chairman
$2M
66
Adam Miller
CFO & Treasurer
$3M
37
7 yrs
Kevin Quast
Chief Operating Officer of Swift
$1M
52
Cary Flanagan
Chief Accounting Officer
45
1.7 yrs
Todd Carlson
General Counsel & Secretary
58
Mike Liu
Executive Vice President of Operations of Knight
45
2.3 yrs
James Updike
Executive Vice President of Sales & Marketing of Knight
$482K
45
Shannon Breen
Senior Vice President of Logistics & Intermodal
37
0.7 yrs
Board of Directors Tenure
Average tenure and age of the Knight-Swift Transportation Holdings board of directors in years:
- The average tenure for the Knight-Swift Transportation Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Kevin Knight
Executive Chairman
$6M
61
20 yrs
Dave Jackson
President
$5M
42
4.3 yrs
Gary Knight
Executive Vice Chairman
$2M
66
15.3 yrs
Mike Garnreiter
Director
$145K
66
15.7 yrs
Kathy Munro
Lead Independent Director
$165K
69
Rich Lehmann
Director
$146K
74
13.3 yrs
Rich Kraemer
Director
$147K
74
7 yrs
Robert Synowicki
Director
$190K
59
3.3 yrs
Sissie Shank
Director
$140K
51
3.3 yrs
Rich Dozer
Director
$140K
61
Who owns this company?
Recent Insider Trading
- Knight-Swift Transportation Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Mar 19 | Sell | Shannon Breen | Individual | 15. Mar 19 | 15. Mar 19 | -1,000 | $34.82 | $-34,820 | ||
| 12. Mar 19 | Sell | James Updike | Individual | 11. Mar 19 | 11. Mar 19 | -8,750 | $33.43 | $-292,507 | ||
| 08. Mar 19 | Sell | Kevin Knight | Individual | 06. Mar 19 | 06. Mar 19 | -104,040 | $33.17 | $-3,450,861 | ||
| 08. Mar 19 | Sell | Gary Knight | Individual | 06. Mar 19 | 07. Mar 19 | -180,368 | $33.21 | $-5,983,786 | ||
| 06. Mar 19 | Sell | Kevin Knight | Individual | 04. Mar 19 | 05. Mar 19 | -145,960 | $34.08 | $-4,858,858 | ||
| 01. Feb 19 | Buy | Richard Lehmann | Individual | 21. Aug 18 | 21. Aug 18 | 1,500 | $33.60 | $50,400 | ||
| 31. Dec 18 | Sell | Cactus Holding Company III, Llc | Company | 27. Dec 18 | 27. Dec 18 | -1,173,680 | $24.98 | $-29,318,526 | ||
| 17. Dec 18 | Buy | Roberta Shank | Individual | 13. Dec 18 | 13. Dec 18 | 3,661 | $27.29 | $99,909 | ||
| 13. Dec 18 | Buy | Robert Synowicki | Individual | 12. Dec 18 | 12. Dec 18 | 1,000 | $28.83 | $28,830 | ||
| 01. Aug 18 | Buy | Wayne Yu | Individual | 01. Aug 18 | 01. Aug 18 | 1,750 | $32.01 | $56,018 | ||
Management checks
We assess Knight-Swift Transportation Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Knight-Swift Transportation Holdings 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.
KNX News
Simply Wall St News
Is Knight-Swift Transportation Holdings Inc.'s (NYSE:KNX) 13% ROE Worse Than Average?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Knight-Swift Transportation Holdings Inc. … Our data shows Knight-Swift Transportation Holdings has a return on equity of 13% for the last year. … Check out our latest analysis for Knight-Swift Transportation Holdings?
Simply Wall St - – Full articleDoes Knight-Swift Transportation Holdings Inc (NYSE:KNX)'s Capital Return Make The Cut?
and looking to gauge the potential return on investment in Knight-Swift Transportation Holdings Inc (NYSE:KNX). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Knight-Swift Transportation Holdings is able to use capital to create earnings will help us understand your potential return.
Simply Wall St - – Full articleA Look At The Fair Value Of Knight-Swift Transportation Holdings Inc (NYSE:KNX)
In this article I am going to calculate the intrinsic value of Knight-Swift Transportation Holdings Inc (NYSE:KNX). … by taking the expected future cash flows and discounting them to their present value. … If you are reading this and its not August 2018 then I highly recommend you check out the latest calculation for Knight-Swift Transportation Holdings by following the link below
Simply Wall St - – Full articleWhy Knight-Swift Transportation Holdings Inc's (NYSE:KNX) CEO Pay Matters To You
Leading Knight-Swift Transportation Holdings Inc (NYSE:KNX) as the CEO, Dave Jackson took the company to a valuation of US$5.88b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleWhy Are Insiders Pessimistic About Knight-Swift Transportation Holdings Inc's (NYSE:KNX) Stock?
Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. … Knight-Swift Transportation Holdings is one of United States’s. … some insider selling over the past three months, with insiders divesting from.
Simply Wall St - – Full articleWhat Are Analysts Saying About the future of Knight-Swift Transportation Holdings Inc's (NYSE:KNX)?
Knight-Swift Transportation Holdings Inc's (NYSE:KNX) … growth of 9.93% annualised … but it's critical to take a step back
Simply Wall St - – Full articleWhat You Must Know About Knight-Swift Transportation Holdings Inc's (NYSE:KNX) Return on Equity
and want to begin learning the link between Knight-Swift Transportation Holdings Inc (NYSE:KNX)’s return fundamentals and stock market performance. … Knight-Swift Transportation Holdings Inc (NYSE:KNX) delivered a less impressive 10.19% ROE over the past year, compared to the 13.31% return generated by its industry. … Knowing these components can change your views on KNX's below-average returns.
Simply Wall St - – Full articleIs Knight-Swift Transportation Holdings Inc (NYSE:KNX) A Buy At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to better understand how you can grow your money by investing in Knight-Swift Transportation Holdings Inc (NYSE:KNX). … Knight-Swift Transportation Holdings Inc (NYSE:KNX) is currently trading at a trailing P/E of 10.2x, which is lower than the industry average of 16.2x.
Simply Wall St - – Full articleJune Fundamental Stock Pick: Knight-Swift Transportation Holdings Inc (NYSE:KNX)
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Knight-Swift Transportation Holdings Inc (NYSE:KNX) due to its excellent fundamentals in more than one area. … If you're interested in understanding beyond my high-level commentary,
Simply Wall St - – Full articleWill Knight-Swift Transportation Holdings Inc (NYSE:KNX) Continue To Underperform Its Industry?
Check out our latest analysis for Knight-Swift Transportation Holdings Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Knight-Swift Transportation Holdings’s profit relative to its shareholders’ equity. … Knight-Swift Transportation Holdings’s cost of equity is 8.49%. … Some of Knight-Swift Transportation Holdings’s peers may have a higher ROE but its cost of equity could exceed this return, leading to an unsustainable negative discrepancy i.e.
Simply Wall St - – Full articleKNX Company Info
Description
Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal. Its trucking services include dry van, refrigerated, dedicated, drayage, flatbed, and cross-border transportation of various products, goods, and materials. The company also provides logistics, freight brokerage and intermodal, freight management, and sourcing services, as well as other non-trucking services, such as repair and maintenance shop services and used equipment sales and leasing to independent contractors and third-parties. It operates a fleet of approximately 15,743 company-owned tractors; approximately 3,413 independent contractor tractors; approximately 69,544 trailers; and approximately 9,330 intermodal containers. It serves the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Knight-Swift Transportation Holdings Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.
Details
| Name: | Knight-Swift Transportation Holdings Inc. |
| KNX | |
| Exchange: | NYSE |
| Founded: | 1989 |
| $5,354,563,710 | |
| 173,118,775 | |
| Website: | http://knight-swift.com |
| Address: |
Knight-Swift Transportation Holdings Inc. 20002 North 19th Avenue, Phoenix, Arizona, 85027, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | KNX | Class A Common Stock | New York Stock Exchange | US | USD | 11. Sep 2017 | |
| DB | KSX | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 11. Sep 2017 |
Number of employees
Current staff
Industry
| Trucking | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 03:26 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/09 |
| Last earnings filing: | 2019/05/08 |
| 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.
