企業概要
Saia, Inc. is a prominent North American transportation entity that specializes in less-than-truckload logistics, specifically handling shipments ranging from 100 to 10,000 pounds, alongside a suite of value-added services such as brokered truckload and expedited transportation. The company operates within the Industrials sector and the Trucking industry, positioning itself as a critical link in the supply chain network for goods moving across the continent. Its market capitalization stands at $10.68B, while annual revenue generated over the trailing twelve months reaches $3.23B, supported by a workforce of 13,734 employees. These valuation and revenue figures indicate that Saia maintains a substantial market footprint, reflecting the significant scale required to operate effectively in the competitive trucking landscape while managing complex logistics operations.
財務健全性
Over the trailing twelve months, the company reported revenue of $3.23B, net income of $255.04M, and EBITDA of $588.32M, illustrating a distinct gap between top-line growth and bottom-line profitability that highlights a cost structure heavily influenced by operational expenses and the capital-intensive nature of the trucking business. The free cash flow recorded at $-107,313,752 suggests that current cash generation is insufficient to cover capital expenditures and working capital requirements, indicating a period of financial pressure regarding liquidity management and reinvestment needs. Profitability analysis reveals a gross margin of 23.7%, an operating margin of 6.5%, and a profit margin of 7.9%, where the wide divergence between gross and profit margins underscores the significant impact of operating costs and other expenses on the final earnings per dollar of revenue. The balance sheet shows $19.72M in cash against $304.99M in debt, resulting in a debt-to-equity ratio of 11.83, which points to a highly leveraged financial structure where interest obligations are substantial relative to equity capitalization. Short-term liquidity is supported by a current ratio of 1.64, suggesting the company possesses adequate current assets to cover its current liabilities without immediate distress. Return metrics further elucidate management effectiveness, with a return on equity of 10.4% and a return on assets of 6.4%, indicating that while the company generates returns on shareholder capital, asset utilization efficiency is moderate given the heavy asset base required for trucking operations.
バリュエーション評価
The stock trades with a trailing twelve months P/E ratio of 42.01 and a forward P/E of 29.26, implying that the market anticipates a significant reduction in earnings multiples over the coming year or expects a sharp recovery in profitability to justify the current high valuation. The price-to-book ratio stands at 4.13, indicating that the market prices the company at a substantial premium over its tangible book value, likely reflecting intangible assets such as brand reputation, customer contracts, or expected future earnings growth that are not captured on the balance sheet. Alternative valuation metrics provide additional context, with a price-to-sales ratio of 3.30 and an EV/EBITDA of 18.58, suggesting that investors are willing to pay a high multiple for sales and earnings given the stability of the transportation sector, though these levels are elevated compared to historical averages for the industry. The stock has traded between a 52-week low of $229.12 and a high of $430.11, and without the specific current share price provided in the available facts, the precise percentage position relative to this range cannot be calculated, yet the wide trading range of $200.99 demonstrates significant price volatility within the reporting period. The beta value of 2.04 indicates that the stock is highly volatile and tends to fluctuate with twice the magnitude of the broader market, signaling higher risk for investors seeking stability compared to large-cap industrials.
Growth & Income
Revenue growth over the year stands at 0.1%, while earnings growth is negative at -37.6%, revealing that earnings are contracting significantly faster than revenue, which typically points to declining margins, cost inflation, or a one-time impairment impacting the net income calculation rather than a fundamental collapse in top-line sales. The company does not distribute dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning that all earnings are retained within the business to fund operations, pay down debt, or potentially invest in fleet expansion and technology upgrades. This reinvestment strategy is consistent with capital-intensive industries where cash reserves are prioritized for solvency and growth initiatives rather than shareholder payouts. Overall, the growth and income profile is characterized by stagnant top-line expansion, a sharp contraction in reported earnings, and a total absence of dividend income, presenting a scenario where returns must be derived entirely from capital appreciation and potential future margin improvements.