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SNDR

Schneider National NYSE:SNDR Stock Report

Last Price

US$21.04

Market Cap

US$3.7b

7D

0.5%

1Y

-10.1%

Updated

27 Sep, 2022

Data

Company Financials +
SNDR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

SNDR Stock Overview

Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico.

Schneider National Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Schneider National
Historical stock prices
Current Share PriceUS$21.04
52 Week HighUS$27.50
52 Week LowUS$20.52
Beta0.95
1 Month Change-12.30%
3 Month Change-6.16%
1 Year Change-10.12%
3 Year Change-2.28%
5 Year Change-16.21%
Change since IPO10.74%

Recent News & Updates

Sep 25

Schneider National: A Great Value Play Right Now

Summary Schneider National continues to generate strong revenue and profits, despite economic concerns. Investors should expect some deterioration to occur given the direction the economy is going. But shares are cheap enough right now to still offer upside for investors in the long run. Things have not been going particularly well for companies that are dedicated to the trucking and logistics industry. But then again, things have not been going particularly well for most companies and most industries because of general market malaise. One of the players in the trucking and logistics space that has been hit rather hard lately even though fundamental performance remains robust is Schneider National (SNDR). It would be one thing if shares of the company were trading at lofty levels. But the fact of the matter is that the stock looks rather cheap, both on an absolute basis and relative to similar firms. Given this low price and how strong the company is fundamentally, I do believe the market is overreacting. Yes, it is true that fundamental performance probably will deteriorate to some degree because of general market conditions. But even if financial performance reverses and matches what we saw in the 2020 fiscal year, shares would still look attractively priced. A great prospect for value investors Near the end of March of this year, I wrote a bullish article about Schneider National. In that article, I detailed that the company had been performing exceptionally well over the prior few months, with fundamental performance driving shares higher. Even though I thought that the easy money that was available at that time had already been made, leading the company to be more or less fairly valued relative to peers, I felt as though it still offered some upside moving forward. At the end of the day, these findings led me to rate the company a ‘buy’, reflecting my belief that it would likely still outperform the broader market for the foreseeable future. Unfortunately, the market has had other plans. With the S&P 500 plunging by 18.7%, shares of Schneider National followed it lower, declining in value by 19.7% in all. Although we can take solace in the fact that shares did not perform materially worse than what the broader market did, that performance is still worse than what I would have expected. What's interesting is that the performance the company did experience was completely unwarranted from a fundamental perspective. To see what I mean, we need only look at how the company performed from a revenue and profitability perspective over the past two quarters. These are the two quarters for which data is now available that was not available when I last wrote about the enterprise. Author - SEC EDGAR Data Take revenue for starters. In the first half of the 2022 fiscal year, sales came in strong at $3.37 billion. That represents a sizable improvement over the $2.59 billion generated the same time one year earlier. There were a couple of key drivers behind this increase. For instance, the average number of trucks at the company's disposal managed to rise from 9,412 to 10,390. In addition to that, the revenue per truck per week also increased, rising from $3,845 to $4,212. On the intermodal side of things, the company also benefited from an increase in orders from 222,679 to 229,790. At the same time, we also saw a meaningful rise in revenue per order from $2,351 to $2,735. That represents a year-over-year increase of 16.3%. Schneider National For investors worried about the most recent data, we do have the option to focus on figures covering just the second quarter of this year. During that time, revenue came in at $1.75 billion. That's 28.4% above the $1.36 billion generated one year earlier. Once again, the company benefited from an increase in the number of trucks from 9,287 to 10,466. However, it also saw revenue per truck per week climb from $3,985 to $4,242. And on the intermodal side of things, the number of orders rose from 113,894 to 119,563, while revenue per order grew from $2,399 to $2,788. Author - SEC EDGAR Data With revenue rising, profitability has followed suit. Net income in the first half of the 2022 fiscal year came in strong at $221.9 million. That's quite a bit higher than the $161.3 million generated the same time one year earlier. Operating cash flow followed suit, rising from $255 million to $353.7 million. Even if we adjust for changes in working capital, it would have risen, climbing from $335.8 million to $417 million. And over that same window of time, we also saw EBITDA increase, climbing from $348.3 million to $539 million. As was the case with revenue, we also saw profitability rise across the board for the second quarter of this year. This can be seen in the chart above. Schneider National For the 2022 fiscal year as a whole, management has even gone so far as to increase the company's guidance. Their current expectation is for earnings per share of between $2.60 and $2.70. This compares to the prior expected range of between $2.55 and $2.70. At the midpoint, this would translate to net income of $473 million. No guidance was given when it came to other profitability metrics. But if we were to annualize the data coming from the first half of the year, we should expect adjusted operating cash flow of $887.3 million and EBITDA of roughly $1.32 billion.

Sep 20
Investors Shouldn't Overlook Schneider National's (NYSE:SNDR) Impressive Returns On Capital

Investors Shouldn't Overlook Schneider National's (NYSE:SNDR) Impressive Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Sep 07
Schneider National (NYSE:SNDR) Has Announced A Dividend Of $0.08

Schneider National (NYSE:SNDR) Has Announced A Dividend Of $0.08

Schneider National, Inc. ( NYSE:SNDR ) has announced that it will pay a dividend of $0.08 per share on the 10th of...

Aug 27
Do Schneider National's (NYSE:SNDR) Earnings Warrant Your Attention?

Do Schneider National's (NYSE:SNDR) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Shareholder Returns

SNDRUS TransportationUS Market
7D0.5%-6.9%-5.8%
1Y-10.1%-27.8%-22.1%

Return vs Industry: SNDR exceeded the US Transportation industry which returned -29.1% over the past year.

Return vs Market: SNDR exceeded the US Market which returned -23.7% over the past year.

Price Volatility

Is SNDR's price volatile compared to industry and market?
SNDR volatility
SNDR Average Weekly Movement3.8%
Transportation Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SNDR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SNDR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193516,050Mark Rourkehttps://schneider.com

Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

Schneider National Fundamentals Summary

How do Schneider National's earnings and revenue compare to its market cap?
SNDR fundamental statistics
Market CapUS$3.75b
Earnings (TTM)US$466.00m
Revenue (TTM)US$6.39b

8.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNDR income statement (TTM)
RevenueUS$6.39b
Cost of RevenueUS$5.12b
Gross ProfitUS$1.26b
Other ExpensesUS$796.90m
EarningsUS$466.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.62
Gross Margin19.77%
Net Profit Margin7.30%
Debt/Equity Ratio7.8%

How did SNDR perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SNDR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNDR?

Other financial metrics that can be useful for relative valuation.

SNDR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA3.6x
PEG Ratio-1.4x

Price to Earnings Ratio vs Peers

How does SNDR's PE Ratio compare to its peers?

SNDR PE Ratio vs Peers
The above table shows the PE ratio for SNDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.9x
R Ryder System
5.3x-22.5%US$3.9b
SAIA Saia
14.8x4.0%US$5.1b
WERN Werner Enterprises
9.2x-6.7%US$2.4b
XPO XPO Logistics
6.5x-16.7%US$5.0b
SNDR Schneider National
8x-5.8%US$3.7b

Price-To-Earnings vs Peers: SNDR is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (8.9x).


Price to Earnings Ratio vs Industry

How does SNDR's PE Ratio compare vs other companies in the US Transportation Industry?

Price-To-Earnings vs Industry: SNDR is good value based on its Price-To-Earnings Ratio (8x) compared to the US Transportation industry average (8.8x)


Price to Earnings Ratio vs Fair Ratio

What is SNDR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNDR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: SNDR is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (10x).


Share Price vs Fair Value

What is the Fair Price of SNDR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNDR ($21.04) is trading above our estimate of fair value ($16.61)

Significantly Below Fair Value: SNDR is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Schneider National forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNDR's earnings are forecast to decline over the next 3 years (-5.8% per year).

Earnings vs Market: SNDR's earnings are forecast to decline over the next 3 years (-5.8% per year).

High Growth Earnings: SNDR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SNDR's revenue (0.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: SNDR's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNDR's Return on Equity is forecast to be low in 3 years time (13.1%).


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Past Performance

How has Schneider National performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SNDR has high quality earnings.

Growing Profit Margin: SNDR's current net profit margins (7.3%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: SNDR's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: SNDR's earnings growth over the past year (64.8%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: SNDR earnings growth over the past year (64.8%) exceeded the Transportation industry 62.5%.


Return on Equity

High ROE: SNDR's Return on Equity (17.8%) is considered low.


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Financial Health

How is Schneider National's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SNDR's short term assets ($1.5B) exceed its short term liabilities ($726.1M).

Long Term Liabilities: SNDR's short term assets ($1.5B) exceed its long term liabilities ($872.2M).


Debt to Equity History and Analysis

Debt Level: SNDR has more cash than its total debt.

Reducing Debt: SNDR's debt to equity ratio has reduced from 27.5% to 7.8% over the past 5 years.

Debt Coverage: SNDR's debt is well covered by operating cash flow (324.3%).

Interest Coverage: SNDR's interest payments on its debt are well covered by EBIT (73.6x coverage).


Balance Sheet


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Dividend

What is Schneider National current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.52%

Current Dividend Yield

Dividend Yield vs Market

Schneider National Dividend Yield vs Market
How does Schneider National dividend yield compare to the market?
SegmentDividend Yield
Company (Schneider National)1.5%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Transportation)1.9%
Analyst forecast in 3 Years (Schneider National)1.6%

Notable Dividend: SNDR's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: SNDR's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SNDR has been paying a dividend for less than 10 years.

Growing Dividend: SNDR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.4%), SNDR's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (54%), SNDR's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

Mark Rourke (58 yo)

3.42yrs

Tenure

US$6,752,187

Compensation

Mr. Mark B. Rourke has been the Chief Executive Officer, President and Director of Schneider National, Inc. since April 2019. Mr. Rourke serves as Independent Director at The Shyft Group, Inc. since Januar...


CEO Compensation Analysis

Mark Rourke's Compensation vs Schneider National Earnings
How has Mark Rourke's remuneration changed compared to Schneider National's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$466m

Mar 31 2022n/an/a

US$443m

Dec 31 2021US$7mUS$833k

US$405m

Sep 30 2021n/an/a

US$348m

Jun 30 2021n/an/a

US$283m

Mar 31 2021n/an/a

US$223m

Dec 31 2020US$5mUS$794k

US$212m

Sep 30 2020n/an/a

US$191m

Jun 30 2020n/an/a

US$166m

Mar 31 2020n/an/a

US$154m

Dec 31 2019US$4mUS$675k

US$147m

Sep 30 2019n/an/a

US$176m

Jun 30 2019n/an/a

US$227m

Mar 31 2019n/an/a

US$258m

Dec 31 2018US$4mUS$573k

US$269m

Sep 30 2018n/an/a

US$468m

Jun 30 2018n/an/a

US$434m

Mar 31 2018n/an/a

US$415m

Dec 31 2017US$4mUS$550k

US$390m

Sep 30 2017n/an/a

US$154m

Jun 30 2017n/an/a

US$154m

Mar 31 2017n/an/a

US$151m

Dec 31 2016US$1mUS$525k

US$157m

Sep 30 2016n/an/a

US$157m

Dec 31 2015US$2mUS$498k

US$141m

Compensation vs Market: Mark's total compensation ($USD6.75M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SNDR's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: SNDR's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of SNDR?
Owner TypeNumber of SharesOwnership Percentage
State or Government22,8500.01%
General Public19,149,00610.8%
Individual Insiders25,950,18814.6%
Institutions49,858,44128.0%
Private Companies83,029,50046.6%

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


Top Shareholders

Top 25 shareholders own 76.54% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
46.64%
Schneider National, Inc. Voting Trust
83,029,500$1.7b0%no data
3.9%
Thomas Gannon
6,944,390$146.1m0%no data
2.74%
Therese Koller
4,870,453$102.5m0.13%no data
2.6%
Thomas Schneider
4,630,370$97.4m0%no data
2.34%
BlackRock, Inc.
4,156,566$87.5m0.45%no data
2%
The Vanguard Group, Inc.
3,560,985$74.9m-26.06%no data
1.84%
AQR Capital Management, LLC
3,274,628$68.9m14.08%0.15%
1.74%
Kathleen Zimmermann
3,096,463$65.1m0%no data
1.34%
Mary DePrey
2,380,778$50.1m0%no data
1.31%
Dimensional Fund Advisors LP
2,331,054$49.0m13.8%0.01%
1.06%
Paul Schneider
1,886,300$39.7m-40.36%no data
1.02%
Morgan Stanley, Investment Banking and Brokerage Investments
1,821,479$38.3m-47.17%0.01%
0.86%
State Street Global Advisors, Inc.
1,530,186$32.2m-12.31%no data
0.79%
First Trust Advisors LP
1,403,378$29.5m-3.14%0.03%
0.79%
Massachusetts Financial Services Company
1,400,809$29.5m-41.57%0.01%
0.71%
Allianz Asset Management AG
1,263,530$26.6m-3.95%0.02%
0.7%
P. J. Schmidt Investment Management, Inc.
1,254,882$26.4m-0.02%4.09%
0.63%
Wasatch Advisors Inc
1,122,662$23.6m10.56%0.11%
0.63%
Jacobs Levy Equity Management Inc
1,119,112$23.5m52.65%0.19%
0.58%
GW&K Investment Management, LLC
1,027,801$21.6m-10.02%0.23%
0.54%
Goldman Sachs Group, Investment Banking and Securities Investments
960,676$20.2m-1.2%0.01%
0.52%
Columbia Management Investment Advisers, LLC
932,081$19.6m-5.05%0.01%
0.47%
Eaton Vance Management
838,305$17.6m5.3%0.01%
0.42%
PGIM, Inc.
749,352$15.8m107.13%0.02%
0.37%
Adam Godfrey
657,443$13.8m0.33%no data

Company Information

Schneider National, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Schneider National, Inc.
  • Ticker: SNDR
  • Exchange: NYSE
  • Founded: 1935
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: US$3.745b
  • Shares outstanding: 178.01m
  • Website: https://schneider.com

Number of Employees


Location

  • Schneider National, Inc.
  • 3101 South Packerland Drive
  • Green Bay
  • Wisconsin
  • 54313
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNDRNYSE (New York Stock Exchange)YesClass B Common StockUSUSDApr 2017
SNIADB (Deutsche Boerse AG)YesClass B Common StockDEEURApr 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.