Przegląd firmy
TFI International Inc. operates as a major provider of transportation and logistics services within the United States, Canada, and Mexico, serving customers through its Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The company is classified within the Industrials sector, specifically the Trucking industry, which denotes its primary role in the physical movement of goods across North American supply chains. As of the latest data, the enterprise holds a market capitalization of $10.12 billion, generates annual revenue (TTM) of $7.88 billion, and employs a workforce of 24,900 individuals. These valuation and revenue figures indicate that TFI International is a significant player in the logistics market, commanding a substantial market presence that reflects its operational scale and established footprint in the trucking ecosystem.
Kondycja finansowa
The company reported a revenue of $7.88 billion and a net income of $310.55 million for the trailing twelve months, while EBITDA stood at $983.71 million. The substantial gap between the revenue of $7.88 billion and the net income of $310.55 million reveals a cost structure where operational expenses, including fuel, labor, and maintenance, consume approximately 96.1% of top-line revenue before interest and taxes. Free cash flow generation of $645.46 million demonstrates the company's ability to produce cash after capital expenditures, providing financial flexibility to service debt obligations or fund operational needs without relying solely on external financing. Profitability efficiency is indicated by a gross margin of 20.1%, an operating margin of 7.0%, and a profit margin of 3.9%, showing that for every dollar of revenue, roughly 4 cents remains as bottom-line profit after all operating costs are deducted. Liquidity and leverage are critical metrics, with the company holding $210.19 million in cash against total debt of $3.22 billion, resulting in a debt-to-equity ratio of 120.41, which suggests a significantly leveraged balance sheet reliant on creditor financing. Short-term liquidity is tight but manageable, evidenced by a current ratio of 1.03, meaning current assets barely cover current liabilities. Management effectiveness is further scrutinized through return metrics, where Return on Equity (ROE) of 11.6% indicates efficient use of shareholder capital, whereas Return on Assets (ROA) of 4.7% reflects the overall efficiency of asset deployment in generating income.
Ocena wyceny
Valuation multiples suggest a disconnect between current earnings and future expectations, with a trailing P/E ratio of 32.91 compared to a forward P/E of 19.06. The significant difference between these ratios implies that the market anticipates a substantial increase in earnings in the future, as investors are willing to pay a premium now for what they expect to be much lower valuations later. The price-to-book ratio stands at 3.76, indicating that the stock trades at a considerable premium over its book value, suggesting investors value intangible assets or growth potential more than the tangible asset base. Alternative valuation metrics such as a price-to-sales ratio of 1.28 and an EV/EBITDA of 13.29 provide context for revenue-based and enterprise value-based comparisons, showing the market values the company at roughly one-third of its annual sales. The stock has experienced significant volatility within the past year, trading between a 52-week high of $127.44 and a 52-week low of $74.90. Given the 52-week high and low, the current market price sits at a level that reflects recent market sentiment, having retreated significantly from its peak. The beta value of 1.40 indicates that the stock is 40% more volatile than the broader market, meaning it experiences larger price swings in response to market movements.
Growth & Income
Recent performance data shows a contraction in both revenue and earnings, with revenue growth (YoY) at -7.8% and earnings growth (YoY) at -16.6%. The fact that earnings growth is declining faster than revenue growth implies that the company is facing margin compression or fixed cost pressures that are disproportionately impacting profitability as volume decreases. As a dividend payer, the company offers a dividend yield of 1.5% with a payout ratio of 48.9%, which suggests a relatively sustainable dividend policy given that less than half of earnings are distributed to shareholders. However, the negative earnings growth presents a challenge to maintaining this payout sustainability in the event of further operational downturns. Overall, the growth and income profile currently reflects a challenging operational environment characterized by declining top-line momentum and earnings, while providing income through a moderate yield that may face pressure if profitability does not stabilize.