Bedrijfsoverzicht
Werner Enterprises, Inc. is a major player in the logistics sector, providing interstate and intrastate truckload transportation services for general commodities across the United States, Mexico, Canada, and international markets. The company operates a substantial fleet of medium-to-long-haul vans to facilitate the movement of various goods within the broader Industrials sector, specifically within the Trucking industry. This operational scale is reflected in a total market capitalization of $1.94B and an annualized revenue (TTM) of $2.97B, supported by a workforce of 12,031 employees. The market cap figure of $1.94B indicates a mid-to-large cap position within the transportation industry, while the revenue base of $2.97B suggests the company manages a significant volume of freight, positioning it as a critical infrastructure provider for supply chains spanning North America. The combination of these metrics highlights a substantial entity capable of handling complex logistics requirements, though the specific revenue magnitude must be contextualized against the reported decline in recent periods.
Financiële gezondheid
The company reported a revenue of $2.97B over the trailing twelve months, yet this top-line figure conceals a net income of $-14,399,000, revealing a cost structure where operating expenses significantly outweighed profitability. Despite the negative net income, the EBITDA stands at $338.41M, suggesting that the core operations generate sufficient cash from earnings before interest, taxes, depreciation, and amortization to cover specific fixed costs. However, the free cash flow is reported at $-17,845,000, which indicates a current lack of financial flexibility and suggests that capital expenditures or working capital requirements are consuming the cash generated from operations. The gross margin sits at 19.4%, indicating that after the cost of goods sold, the company retains nearly one-fifth of revenue, while the operating margin of 1.3% and profit margin of -0.5% highlight the intense pressure on operating expenses and the overall inability to convert revenue into bottom-line profit. In terms of liquidity and solvency, the company holds $59.92M in cash against $793.92M in debt, resulting in a debt-to-equity ratio of 57.08% that characterizes a leveraged balance sheet rather than a conservative one. The current ratio of 1.95 provides a buffer for short-term obligations, showing that current assets are nearly double current liabilities, yet the high debt load remains a primary concern for financial stability. Return on equity is -1.6% and return on assets is 1.1%, metrics that collectively reveal a period of management ineffectiveness in generating returns on shareholder capital and utilizing the asset base profitably.
Waarderingsbeoordeling
The valuation metrics present a complex picture, with a trailing P/E ratio listed as N/A due to the negative earnings, while the forward P/E is 18.17, implying that the market anticipates a return to profitability and an upward earnings trajectory to justify the current multiple. The price-to-book ratio of 1.42 suggests that the stock trades at a moderate premium over its book value, reflecting market expectations for future growth or intangible assets not captured on the balance sheet. Alternative valuation measures such as the price-to-sales ratio of 0.65 and an EV/EBITDA of 7.98 provide context for the stock's valuation relative to revenue and earnings power, suggesting the company is valued at less than one dollar of sales per dollar of market cap. Historical price action shows a 52-week high of $38.45 and a 52-week low of $23.02, meaning the current trading price sits in a range that reflects recent volatility and market sentiment adjustments. The beta of 1.09 indicates that the stock's price volatility is slightly higher than the broader market, moving 9% more aggressively than the market index during periods of fluctuation.
Growth & Income
Revenue growth (YoY) stands at -2.3%, while earnings growth (YoY) is N/A, indicating that the company is currently contracting rather than expanding its top line. The absence of positive earnings growth coupled with negative revenue growth implies that the company is struggling to maintain its market share or pricing power in a challenging economic environment. Regarding income distribution, the company offers a dividend yield of 1.7% with a payout ratio of 136.6%, a figure that is mathematically unsustainable given the reported net income loss and suggests the dividend is being funded from cash reserves or debt rather than current earnings. This high payout ratio relative to earnings indicates a potential risk to the dividend's continuity if profitability does not improve in the near term. Overall, the growth and income profile is characterized by revenue contraction and a dividend policy that appears detached from current earnings capabilities, presenting a mixed investment characteristic for income-focused and growth-oriented investors alike.