KNX

Knight-Swift Transportation Holdings Inc - Ordinary Shares - Class A

Industrial/Transportation


Presented:07/25/2022
Price:$50.88
Cap:$8.34B
Current Price:$51.52
Cap:$8.34B

Presented

Date07/25/2022
Price$50.88
Market Cap$8.34B
Ent Value$9.13B
P/E Ratio9.5x
Book ValueN/A
Div Yield0.86%
Shares O/S163.91M
Ave Daily Vol2,024,733
Short Int5.78%

Current

Price$51.52
Market Cap$8.34B
Knight-Swift Transportation Holdings, Inc. engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. The Logistics segment includes brokerage and other freight management services. The Intermodal segment consists of revenue generated by moving freight over the rail in the containers and other trailing equipment, combined with the revenue for drayage to transport loads between the railheads and customer locations. The company was founded in 1966 and is headquartered in Phoenix, AZ.

Publicly traded companies mentioned herein: Knight-Swift Transportation Holdings (KNX)

Highlights

The presenter is long shares of Knight-Swift Transportation Holdings (KNX), the industry’s largest truckload carrier with an extensive national fleet. As the trucking cycles bottoms and spot freight rates fall below the marginal cost per mile, KNX’s business should prove to be more durable than marginal carriers due to its size, sophistication, and diversification into logistics and LTL. He applies a typical trough multiple of 18x - 20x to $4.50 of EPS to reach a $80 - $90 price target from the current $50 share price.

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Idea Discussion

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