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 1,127 880.7 699.4 900.9 - -
Change - -8.76% -6.94% -21.85% -20.59% 28.82% - -
Enterprise Value (EV) 1 1,169 1,574 1,399 1,069 840.6 986.2 896.3 723.9
Change - 34.63% -11.16% -23.6% -21.34% 17.32% -9.11% -19.24%
P/E 16.8x 9.08x 75.1x -29.5x -13.5x 67.3x 22.2x 16.8x
PBR 1.83x 1.42x 1.3x 1.07x 0.93x 1.19x 1.14x 1.08x
PEG - 0.1x -0.8x 0x -0.2x -1x 0x 0.5x
Capitalization / Revenue 2.19x 1.25x 0.93x 0.84x 0.87x 1.23x 1.14x 1.08x
EV / Revenue 1.93x 1.63x 1.16x 1.02x 1.04x 1.34x 1.14x 0.87x
EV / EBITDA 5.58x 4.9x 5.79x 6.63x 6.68x 6.15x 4.38x 3.19x
EV / EBIT 11.1x 8.36x 33x -52.8x -25.2x 37x 15.9x 9.67x
EV / FCF 9.67x 7.61x -32.3x 30.7x -12.6x 11.5x 6.18x -
FCF Yield 10.3% 13.1% -3.1% 3.26% -7.95% 8.72% 16.2% -
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% 0.69% 0.69% 0.69%
EPS 2 1 1.69 0.19 -0.38 -0.67 0.1732 0.524 0.6914
Distribution rate 58% 4.73% 42.1% -21.1% -11.9% 46.3% 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 11.65 11.65 11.65
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
67.25x1.34x6.15x0.69% 901M
30.53x6.12x18.27x0.64% 36.8B
30.33x1.66x12.79x0.79% 21.53B
21.99x2.12x11.61x - 16.76B
22.62x1.44x9.57x1.59% 9.96B
29.5x2.46x13.38x-.--% 8.95B
28.45x0.99x17.75x0.97% 5.72B
33.69x2.59x17.09x2.21% 3.99B
-85x0.56x27.96x-.--% 3.42B
40.63x0.79x6.55x1.68% 2.04B
Average 22.00x 2.01x 14.11x 0.95% 11.01B
Weighted average by Cap. 25.30x 3.21x 14.91x 0.8%

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.