TFII

TFI International Inc

Industrial/Transportation


Presented:07/19/2023
Price:$122.78
Cap:$10.65B
Current Price:$139.32
Cap:$11.79B

Presented

Date07/19/2023
Price$122.78
Market Cap$10.65B
Ent Value$12.04B
P/E Ratio13.8x
Book Value$29.18
Div Yield1.08%
Shares O/S86.77M
Ave Daily Vol282,790
Short IntN/A

Current

Price$139.32
Market Cap$11.79B
TFI International, Inc. engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America. The Less-Than-Truckload segment offers pickup, consolidation, transport, and delivery of smaller loads. The Truckload segment comprises of expedited transportation, flatbed, tank, container, and dedicated services. The Logistics segment refers to the asset-light logistics services including brokerage, freight forwarding and transportation management, and small package parcel delivery. The company was founded in 1957 and is headquartered in Saint-Laurent, Canada.

Publicly traded companies mentioned herein: TFI International, Inc. (TFII), United Parcel Service, Inc. (UPS)

Highlights

The presenter is long shares of TFI International Inc (dual listed on NYSE and TSX: TFII), based on a strong capital allocation strategy and relatively low leverage, which should allow for strategic acquisitions or share buybacks. Following volatility in shipping, the presenter feels that tonnage has reached normalized levels and that 2023 may be a trough year for TFII with earnings reaching $6.50 and improving from there. As TFI benefits from tonnage growth and gains market share from competitors, margins and EPS should climb from trough levels.

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Idea Discussion

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