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Knight-Swift Transportation Holdings

NYSE:KNX
Snowflake Description

Adequate balance sheet and fair value.

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

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
5.4%
NYSE:KNX
-1%
US Transportation
-0.7%
US Market
1 Year Returns
-25.3%
NYSE:KNX
13.9%
US Transportation
3%
US Market
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.
Price Volatility
Industry
5yr Volatility vs Market

KNX Value

 Is Knight-Swift Transportation Holdings 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Knight-Swift Transportation Holdings.

NYSE:KNX Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:KNX
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.

NYSE:KNX DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:KNX DCF 2nd Stage: Terminal Value
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
NYSE:KNX Total Equity Value
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
NYSE:KNX Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 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?
Raw Data
NYSE:KNX PE (Price to Earnings) Ratio Data Sources
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.

NYSE:KNX PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:KNX PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:KNX PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:KNX PB (Price to Book) Ratio Data Sources
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
NYSE:KNX PB (Price to Book) Ratio Calculation
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.
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Value checks
We assess Knight-Swift Transportation Holdings'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. 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

 How is Knight-Swift Transportation Holdings expected to perform in the next 1 to 3 years based on estimates from 16 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
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Knight-Swift Transportation Holdings expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:KNX Future Growth Rates Data Sources
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
Raw Data
NYSE:KNX Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KNX Future Estimates Data
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
NYSE:KNX Past Financials Data
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.

Super high growth metrics
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
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
NYSE:KNX 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.

NYSE:KNX Future Estimates Data
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
NYSE:KNX Past Financials Data
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%).
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Future performance checks
We assess Knight-Swift Transportation Holdings'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.
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
Below we compare Knight-Swift Transportation Holdings'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.
  • 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
Knight-Swift Transportation Holdings'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 Knight-Swift Transportation Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KNX 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 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).
X
Past performance checks
We assess Knight-Swift Transportation Holdings'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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Knight-Swift Transportation Holdings'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 0.8x 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.
Raw Data

All data from Knight-Swift Transportation Holdings Company Filings, last reported 1 month ago.

NYSE:KNX Past Debt and Equity Data
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).
X
Financial health checks
We assess Knight-Swift Transportation Holdings'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. Knight-Swift Transportation Holdings has a total score of 4/6, 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.

KNX Dividends

 What is Knight-Swift Transportation Holdings'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
0.78%
Current annual income from Knight-Swift Transportation Holdings dividends. Estimated to be 0.86% next year.
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
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?
  • 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.

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:KNX 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 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.

NYSE:KNX Future Dividends Estimate Data
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
NYSE:KNX Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Knight-Swift Transportation Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Knight-Swift Transportation Holdings's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.7x coverage).
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Income/ dividend checks
We assess Knight-Swift Transportation Holdings'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 Knight-Swift Transportation Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Knight-Swift Transportation Holdings'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
Dave Jackson
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:

2.3
Average Tenure
45
Average Age
  • The tenure for the Knight-Swift Transportation Holdings management team is about average.
Management Team

Kevin Knight

TITLE
Executive Chairman
COMPENSATION
$6M
AGE
61

Dave Jackson

TITLE
President
COMPENSATION
$5M
AGE
42
TENURE
4.3 yrs

Gary Knight

TITLE
Executive Vice Chairman
COMPENSATION
$2M
AGE
66

Adam Miller

TITLE
CFO & Treasurer
COMPENSATION
$3M
AGE
37
TENURE
7 yrs

Kevin Quast

TITLE
Chief Operating Officer of Swift
COMPENSATION
$1M
AGE
52

Cary Flanagan

TITLE
Chief Accounting Officer
AGE
45
TENURE
1.7 yrs

Todd Carlson

TITLE
General Counsel & Secretary
AGE
58

Mike Liu

TITLE
Executive Vice President of Operations of Knight
AGE
45
TENURE
2.3 yrs

James Updike

TITLE
Executive Vice President of Sales & Marketing of Knight
COMPENSATION
$482K
AGE
45

Shannon Breen

TITLE
Senior Vice President of Logistics & Intermodal
AGE
37
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Knight-Swift Transportation Holdings board of directors in years:

10.1
Average Tenure
63.5
Average Age
  • 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

TITLE
Executive Chairman
COMPENSATION
$6M
AGE
61
TENURE
20 yrs

Dave Jackson

TITLE
President
COMPENSATION
$5M
AGE
42
TENURE
4.3 yrs

Gary Knight

TITLE
Executive Vice Chairman
COMPENSATION
$2M
AGE
66
TENURE
15.3 yrs

Mike Garnreiter

TITLE
Director
COMPENSATION
$145K
AGE
66
TENURE
15.7 yrs

Kathy Munro

TITLE
Lead Independent Director
COMPENSATION
$165K
AGE
69

Rich Lehmann

TITLE
Director
COMPENSATION
$146K
AGE
74
TENURE
13.3 yrs

Rich Kraemer

TITLE
Director
COMPENSATION
$147K
AGE
74
TENURE
7 yrs

Robert Synowicki

TITLE
Director
COMPENSATION
$190K
AGE
59
TENURE
3.3 yrs

Sissie Shank

TITLE
Director
COMPENSATION
$140K
AGE
51
TENURE
3.3 yrs

Rich Dozer

TITLE
Director
COMPENSATION
$140K
AGE
61
Who owns this company?
Recent Insider Trading
  • Knight-Swift Transportation Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Knight-Swift Transportation Holdings'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. 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 -

Does 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 -

A 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 -

Why 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 -

Why 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 -

What 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 -

What 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 -

Is 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 -

June 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 -

Will 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 -

KNX 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
Staff numbers
22,700
Knight-Swift Transportation Holdings employees.
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.