Company Valuation: Heartland Express, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,327 1,211 1,127 880.7 699.4 954.3 - -
Change - -8.76% -6.94% -21.85% -20.59% 36.45% - -
Enterprise Value (EV) 1 1,169 1,574 1,399 1,069 840.6 1,040 949.7 777.3
Change - 34.63% -11.16% -23.6% -21.34% 23.66% -8.65% -18.15%
P/E 16.8x 9.08x 75.1x -29.5x -13.5x 68.8x 23.5x 17.8x
PBR 1.83x 1.42x 1.3x 1.07x 0.93x 1.26x 1.21x 1.14x
PEG - 0.1x -0.8x 0x -0.2x -1x 0x 0.6x
Capitalization / Revenue 2.19x 1.25x 0.93x 0.84x 0.87x 1.3x 1.21x 1.15x
EV / Revenue 1.93x 1.63x 1.16x 1.02x 1.04x 1.42x 1.21x 0.93x
EV / EBITDA 5.58x 4.9x 5.79x 6.63x 6.68x 6.48x 4.64x 3.42x
EV / EBIT 11.1x 8.36x 33x -52.8x -25.2x 39x 16.8x 10.4x
EV / FCF 9.67x 7.61x -32.3x 30.7x -12.6x 12.1x 6.55x -
FCF Yield 10.3% 13.1% -3.1% 3.26% -7.95% 8.27% 15.3% -
Dividend per Share 2 0.58 0.08 0.08 0.08 0.08 0.0802 0.0804 0.0804
Rate of return 3.45% 0.52% 0.56% 0.71% 0.89% 0.65% 0.65% 0.65%
EPS 2 1 1.69 0.19 -0.38 -0.67 0.1794 0.524 0.6914
Distribution rate 58% 4.73% 42.1% -21.1% -11.9% 44.7% 15.3% 11.6%
Net sales 1 607.3 968 1,207 1,048 805.7 733.5 787.4 832.8
EBITDA 1 209.5 321.4 241.4 161.3 125.8 160.4 204.6 227.1
EBIT 1 105.4 188.4 42.38 -20.24 -33.4 26.65 56.52 74.87
Net income 1 79.28 133.6 14.78 -29.72 -52.45 13.57 42.38 53.29
Net Debt 1 -157.7 363.5 271.9 187.9 141.3 85.3 -4.586 -177
Reference price 2 16.82 15.34 14.26 11.22 9.03 12.34 12.34 12.34
Nbr of stocks (in thousands) 78,905 78,938 79,027 78,497 77,448 77,333 - -
Announcement Date 1/20/22 2/3/23 1/31/24 1/28/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
69.33x1.43x6.53x0.64% 962M
32.01x6.43x19.22x0.61% 38.54B
34.98x1.97x14.91x0.66% 25.71B
25.37x2.42x13.16x - 19.36B
25.58x1.59x10.58x1.4% 11.28B
31.4x2.62x14.25x-.--% 9.52B
29.99x1.05x18.78x1.21% 6.04B
34x2.61x17.23x2.19% 4.12B
-83.76x0.56x28.15x-.--% 3.41B
47.69x0.88x7.37x1.43% 2.4B
Average 24.66x 2.16x 15.02x 0.9% 12.13B
Weighted average by Cap. 28.26x 3.39x 15.97x 0.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Heartland Express, Inc.
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