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CSX Corp CSX

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Stock XNAS Rating as of
$34.54 +0.40 (1.16%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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CSX Earnings: International Intermodal Is Rebounding, but Truck Competition Remains a Headwind

Matthew Young

Eastern Class I railroad CSX’s first-quarter revenue fell slightly (about 1%) year over year on fuel surcharge declines, lower global benchmark coal pricing, and softer trucking revenue. On the other hand, total volume growth accelerated slightly in the quarter, merchandise carload core pricing remains healthy, and management maintained 2024 revenue growth guidance. Revenue was mostly aligned with our expectations, though intermodal yields fell more than we anticipated on persistent truck competition.

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Price vs Fair Value

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CSX is trading at a 2% discount.
Price
$34.16
Fair Value
$63.00
Uncertainty
Medium
1-Star Price
$11.79
5-Star Price
$41.90
Economic Moat
Hfmp
Capital Allocation
Twqrzyzn

Bulls Say, Bears Say

Bulls

Network service levels have improved materially off a lackluster performance in 2021 and 2022 thanks to progress hiring train and engine personnel.

Bears

Intermodal pricing headwinds from depressed rates in the competing truckload sector will linger into first half 2024.

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News

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Trading Information

Previous Close Price
$34.14
Day Range
$34.09–35.07
52-Week Range
$29.04–40.01
Bid/Ask
$34.53 / $34.54
Market Cap
$67.63 Bil
Volume/Avg
13.9 Mil / 12.1 Mil

Key Statistics

Price/Earnings (Normalized)
18.88
Price/Sales
4.69
Dividend Yield (Trailing)
1.32%
Dividend Yield (Forward)
1.41%
Total Yield
6.52%

Company Profile

Operating in the Eastern United States, Class I railroad CSX generated revenue near $14.7 billion in 2023. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.
Sector
Industrials
Industry
Railroads
Stock Style Box
Large Core
Total Number of Employees
23,400
Website
https://www.csx.com

Competitors

Valuation

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Metric
CSX
NSC
UNP
Price/Earnings (Normalized)
 18.8820.9822.18
Price/Book Value
 5.524.299.53
Price/Sales
 4.694.545.85
Price/Cash Flow
 12.6719.6516.25
Price/Earnings
CSX
NSC
UNP

Financial Strength

Metric
CSX
NSC
UNP
Quick Ratio
 0.881.030.62
Current Ratio
 1.051.240.81
Interest Coverage
 6.954.217.11
Quick Ratio
CSX
NSC
UNP

Profitability

Metric
CSX
NSC
UNP
Return on Assets (Normalized)
 8.83%6.69%9.63%
Return on Equity (Normalized)
 30.10%21.05%47.89%
Return on Invested Capital (Normalized)
 13.72%11.30%15.34%
Return on Assets
CSX
NSC
UNP
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