Less-than-truckload specialist Saia's top-line trend swung positive year over year, rising 6%, much better than the 7% decline last quarter thanks to the freight diversions from bankrupt peer Yellow. We've already been baking in a meaningful sequential uptick in volume and pricing, but revenue modestly beat our forecast.
Saia is well positioned to take freight diversions from bankrupt LTL peer Yellow.
Industrial end markets have softened and retail sector demand has cooled on inventory destocking, creating headwinds to underlying LTL industry demand in 2023.
|
Metric
|
SAIA
|
ODFL
|
XPO
|
|---|---|---|---|
Price/Earnings (Normalized) | 33.10 | 36.10 | 28.81 |
Price/Book Value | 5.98 | 10.90 | 8.75 |
Price/Sales | 4.00 | 7.64 | 1.83 |
Price/Cash Flow | 19.50 | 27.11 | 17.01 |
|
Metric
|
SAIA
|
ODFL
|
XPO
|
|---|---|---|---|
Quick Ratio | 2.04 | 1.58 | 0.93 |
Current Ratio | 2.16 | 1.73 | 1.06 |
Interest Coverage | 195.26 | 2,495.71 | 1.97 |
|
Metric
|
SAIA
|
ODFL
|
XPO
|
|---|---|---|---|
Return on Assets (Normalized) | 14.78% | 24.80% | 5.40% |
Return on Equity (Normalized) | 20.19% | 32.74% | 29.66% |
Return on Invested Capital (Normalized) | 18.54% | 31.77% | 10.22% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
ODFL
| Old Dominion Freight Line Inc Ordinary Shares | Fvccmk | $44.3 Bil | |
XPO
| XPO Inc | Qswh | $10.5 Bil | |
TFII
| TFI International Inc | Wsrcdy | $10.4 Bil | |
KNX
| Knight-Swift Transportation Holdings Inc Class A | Xskw | $9.0 Bil | |
YATRY
| Yamato Holdings Co Ltd ADR | Sblt | $6.2 Bil | |
YATRF
| Yamato Holdings Co Ltd | Rnd | $6.2 Bil | |
SNDR
| Schneider National Inc | Cqsc | $4.2 Bil | |
ARCB
| ArcBest Corp | Cslcb | $3.0 Bil | |
WERN
| Werner Enterprises Inc | Jfhb | $2.6 Bil |
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