Morningstar

Knight-Swift Transportation Holdings Inc Class A KNX

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Stock XNYS Rating as of
$49.85 −1.60 (3.11%)
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As of Delayed Price Post-Trading: $49.85 0.00

Company Report

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Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks

Matthew Young

As anticipated, the International Longshoremen’s Association has implemented a work stoppage across US East Coast and Gulf Coast ports. As we understand it, the dockworkers union initially wanted a more than 70% increase in wages over a six-year period in order to return to the negotiating table. Before the strike, it sounded to us as if the Biden administration was signaling hesitancy to intervene via the Taft-Hartley Act. Thus, the potential duration of the strike remains uncertain.

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Price vs Fair Value

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KNX is trading within a range we consider fairly valued.
Price
$51.45
Fair Value
$89.00
Uncertainty
Medium
1-Star Price
$82.20
5-Star Price
$41.30
Economic Moat
Jyxbz
Capital Allocation
Ldsmrdymz

Bulls Say, Bears Say

Bulls

Market share gains linked to the failure of former industry giant Yellow are providing a material volume boost for Knight's LTL division.

Bears

Truckload industry contract pricing headwinds from excess capacity are lingering.

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News

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Trading Information

Previous Close Price
$51.45
Day Range
$49.72–52.20
52-Week Range
$45.55–60.99
Bid/Ask
$48.85 / $52.00
Market Cap
$8.07 Bil
Volume/Avg
3.2 Mil / 1.9 Mil

Key Statistics

Price/Earnings (Normalized)
59.80
Price/Sales
1.09
Dividend Yield (Trailing)
1.21%
Dividend Yield (Forward)
1.24%
Total Yield
1.21%

Company Profile

Knight-Swift is the largest truckload carrier in the US, with a diversified transportation offering. Pro forma for the U.S. Xpress deal, about 82% of revenue derives from Knight’s asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and less than truckload at 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers, including equipment maintenance and leasing.
Sector
Industrials
Industry
Trucking
Stock Style Box
Small Core
Total Number of Employees
34,800
Website
https://www.knight-swift.com

Competitors

Valuation

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Metric
KNX
XPO
ODFL
Price/Earnings (Normalized)
 59.8029.6032.72
Price/Book Value
 1.188.229.97
Price/Sales
 1.091.587.00
Price/Cash Flow
 8.1712.7824.83
Price/Earnings
KNX
XPO
ODFL

Financial Strength

Metric
KNX
XPO
ODFL
Quick Ratio
 0.660.871.28
Current Ratio
 0.881.001.46
Interest Coverage
 1.343.194,870.03
Quick Ratio
KNX
XPO
ODFL

Profitability

Metric
KNX
XPO
ODFL
Return on Assets (Normalized)
 1.13%6.87%23.62%
Return on Equity (Normalized)
 1.99%38.11%30.61%
Return on Invested Capital (Normalized)
 2.63%12.96%29.69%
Return on Assets
KNX
XPO
ODFL

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Morningstar Rating for Stocks
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Economic Moat
Market Cap
Old Dominion Freight Line Inc Ordinary Shares
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FbzfhpgxdPgtnf$40.9 Bil
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ZxbxlwykcZvz$12.3 Bil
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TFII
—Pkhml$11.5 Bil
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SAIA
CdznqtbfSsm$11.3 Bil
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SNDR
CqphhgdzmZpg$4.8 Bil
 RXO Inc
RXO
—Cmqtj$4.3 Bil
 Yamato Holdings Co Ltd ADR
YATRY
—Thxr$3.8 Bil
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—Fgsw$3.8 Bil
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