Intrinsic value of Knight-Swift Transportation Holdings Cl - KNX

Previous Close

$33.72

  Intrinsic Value

$1.28

stock screener

  Rating & Target

str. sell

-96%

Previous close

$33.72

 
Intrinsic value

$1.28

 
Up/down potential

-96%

 
Rating

str. sell

We calculate the intrinsic value of KNX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  3,881
  5,996
  8,967
  13,010
  18,355
  25,234
  33,872
  44,476
  57,230
  72,286
  89,763
  109,743
  132,278
  157,384
  185,056
  215,265
  247,967
  283,110
  320,636
  360,491
  402,620
  446,981
  493,539
  542,275
  593,179
  646,259
  701,537
  759,051
  818,852
  881,008
Variable operating expenses, $m
  3,105
  4,561
  6,607
  9,391
  13,071
  17,807
  23,755
  31,056
  39,837
  50,204
  61,804
  75,561
  91,077
  108,363
  127,416
  148,216
  170,732
  194,929
  220,767
  248,208
  277,215
  307,759
  339,815
  373,371
  408,420
  444,967
  483,028
  522,627
  563,802
  606,598
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,105
  4,561
  6,607
  9,391
  13,071
  17,807
  23,755
  31,056
  39,837
  50,204
  61,804
  75,561
  91,077
  108,363
  127,416
  148,216
  170,732
  194,929
  220,767
  248,208
  277,215
  307,759
  339,815
  373,371
  408,420
  444,967
  483,028
  522,627
  563,802
  606,598
Operating income, $m
  776
  1,435
  2,360
  3,619
  5,284
  7,427
  10,117
  13,420
  17,393
  22,082
  27,959
  34,182
  41,201
  49,021
  57,640
  67,049
  77,235
  88,181
  99,869
  112,283
  125,405
  139,222
  153,724
  168,904
  184,759
  201,292
  218,510
  236,424
  255,050
  274,410
EBITDA, $m
  1,444
  2,231
  3,336
  4,841
  6,830
  9,389
  12,603
  16,548
  21,294
  26,896
  33,398
  40,833
  49,217
  58,559
  68,854
  80,094
  92,262
  105,338
  119,300
  134,129
  149,804
  166,310
  183,633
  201,766
  220,706
  240,456
  261,024
  282,423
  304,673
  327,800
Interest expense (income), $m
  0
  52
  131
  246
  408
  627
  918
  1,292
  1,761
  2,337
  3,030
  3,849
  4,798
  5,884
  7,109
  8,473
  9,977
  11,618
  13,395
  15,305
  17,344
  19,510
  21,799
  24,210
  26,740
  29,389
  32,155
  35,039
  38,043
  41,169
  44,418
Earnings before tax, $m
  723
  1,303
  2,114
  3,212
  4,657
  6,509
  8,826
  11,659
  15,055
  19,052
  24,110
  29,384
  35,317
  41,912
  49,167
  57,072
  65,617
  74,786
  84,564
  94,939
  105,895
  117,423
  129,514
  142,164
  155,370
  169,137
  183,470
  198,380
  213,882
  229,992
Tax expense, $m
  195
  352
  571
  867
  1,257
  1,757
  2,383
  3,148
  4,065
  5,144
  6,510
  7,934
  9,536
  11,316
  13,275
  15,410
  17,716
  20,192
  22,832
  25,633
  28,592
  31,704
  34,969
  38,384
  41,950
  45,667
  49,537
  53,563
  57,748
  62,098
Net income, $m
  528
  951
  1,543
  2,345
  3,400
  4,752
  6,443
  8,511
  10,990
  13,908
  17,600
  21,450
  25,781
  30,596
  35,892
  41,663
  47,900
  54,593
  61,732
  69,305
  77,303
  85,719
  94,545
  103,779
  113,420
  123,470
  133,933
  144,818
  156,134
  167,894

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,281
  18,974
  28,375
  41,171
  58,087
  79,856
  107,190
  140,747
  181,107
  228,753
  284,059
  347,289
  418,600
  498,052
  585,620
  681,217
  784,705
  895,917
  1,014,672
  1,140,793
  1,274,114
  1,414,496
  1,561,834
  1,716,059
  1,877,148
  2,045,123
  2,220,055
  2,402,060
  2,591,305
  2,787,999
Adjusted assets (=assets-cash), $m
  12,281
  18,974
  28,375
  41,171
  58,087
  79,856
  107,190
  140,747
  181,107
  228,753
  284,059
  347,289
  418,600
  498,052
  585,620
  681,217
  784,705
  895,917
  1,014,672
  1,140,793
  1,274,114
  1,414,496
  1,561,834
  1,716,059
  1,877,148
  2,045,123
  2,220,055
  2,402,060
  2,591,305
  2,787,999
Revenue / Adjusted assets
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
Average production assets, $m
  4,304
  6,649
  9,944
  14,428
  20,356
  27,985
  37,564
  49,324
  63,468
  80,165
  99,547
  121,705
  146,696
  174,539
  205,227
  238,728
  274,995
  313,969
  355,586
  399,784
  446,506
  495,702
  547,335
  601,383
  657,835
  716,701
  778,005
  841,788
  908,107
  977,038
Working capital, $m
  303
  468
  699
  1,015
  1,432
  1,968
  2,642
  3,469
  4,464
  5,638
  7,001
  8,560
  10,318
  12,276
  14,434
  16,791
  19,341
  22,083
  25,010
  28,118
  31,404
  34,865
  38,496
  42,297
  46,268
  50,408
  54,720
  59,206
  63,870
  68,719
Total debt, $m
  2,430
  4,559
  7,549
  11,618
  16,997
  23,919
  32,611
  43,283
  56,117
  71,269
  88,856
  108,963
  131,640
  156,906
  184,752
  215,152
  248,061
  283,427
  321,191
  361,297
  403,693
  448,335
  495,188
  544,232
  595,458
  648,874
  704,503
  762,380
  822,560
  885,109
Total liabilities, $m
  3,905
  6,034
  9,023
  13,092
  18,472
  25,394
  34,086
  44,757
  57,592
  72,743
  90,331
  110,438
  133,115
  158,380
  186,227
  216,627
  249,536
  284,901
  322,666
  362,772
  405,168
  449,810
  496,663
  545,707
  596,933
  650,349
  705,978
  763,855
  824,035
  886,584
Total equity, $m
  8,375
  12,940
  19,352
  28,079
  39,615
  54,462
  73,103
  95,989
  123,515
  156,009
  193,728
  236,851
  285,485
  339,671
  399,393
  464,590
  535,169
  611,015
  692,006
  778,021
  868,946
  964,687
  1,065,171
  1,170,352
  1,280,215
  1,394,774
  1,514,078
  1,638,205
  1,767,270
  1,901,416
Total liabilities and equity, $m
  12,280
  18,974
  28,375
  41,171
  58,087
  79,856
  107,189
  140,746
  181,107
  228,752
  284,059
  347,289
  418,600
  498,051
  585,620
  681,217
  784,705
  895,916
  1,014,672
  1,140,793
  1,274,114
  1,414,497
  1,561,834
  1,716,059
  1,877,148
  2,045,123
  2,220,056
  2,402,060
  2,591,305
  2,788,000
Debt-to-equity ratio
  0.290
  0.350
  0.390
  0.410
  0.430
  0.440
  0.450
  0.450
  0.450
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.460
  0.470
  0.470
  0.470
  0.470
  0.470
  0.470
  0.470
Adjusted equity ratio
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682
  0.682

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  528
  951
  1,543
  2,345
  3,400
  4,752
  6,443
  8,511
  10,990
  13,908
  17,600
  21,450
  25,781
  30,596
  35,892
  41,663
  47,900
  54,593
  61,732
  69,305
  77,303
  85,719
  94,545
  103,779
  113,420
  123,470
  133,933
  144,818
  156,134
  167,894
Depreciation, amort., depletion, $m
  668
  796
  976
  1,221
  1,545
  1,962
  2,486
  3,128
  3,901
  4,813
  5,440
  6,651
  8,016
  9,538
  11,215
  13,045
  15,027
  17,157
  19,431
  21,846
  24,399
  27,088
  29,909
  32,862
  35,947
  39,164
  42,514
  45,999
  49,623
  53,390
Funds from operations, $m
  1,196
  1,748
  2,519
  3,566
  4,945
  6,714
  8,928
  11,639
  14,891
  18,721
  23,040
  28,101
  33,797
  40,134
  47,106
  54,708
  62,927
  71,750
  81,163
  91,151
  101,703
  112,806
  124,454
  136,642
  149,368
  162,634
  176,447
  190,817
  205,757
  221,284
Change in working capital, $m
  114
  165
  232
  315
  417
  537
  674
  827
  995
  1,174
  1,363
  1,559
  1,758
  1,958
  2,158
  2,356
  2,551
  2,741
  2,927
  3,109
  3,286
  3,460
  3,632
  3,801
  3,971
  4,140
  4,312
  4,486
  4,664
  4,848
Cash from operations, $m
  1,083
  1,583
  2,288
  3,251
  4,528
  6,177
  8,255
  10,812
  13,897
  17,547
  21,677
  26,542
  32,040
  38,175
  44,948
  52,352
  60,376
  69,009
  78,236
  88,043
  98,417
  109,346
  120,823
  132,840
  145,397
  158,494
  172,136
  186,331
  201,092
  216,436
Maintenance CAPEX, $m
  -147
  -235
  -363
  -543
  -788
  -1,112
  -1,529
  -2,053
  -2,695
  -3,468
  -4,381
  -5,440
  -6,651
  -8,016
  -9,538
  -11,215
  -13,045
  -15,027
  -17,157
  -19,431
  -21,846
  -24,399
  -27,088
  -29,909
  -32,862
  -35,947
  -39,164
  -42,514
  -45,999
  -49,623
New CAPEX, $m
  -1,616
  -2,346
  -3,295
  -4,484
  -5,928
  -7,629
  -9,579
  -11,760
  -14,144
  -16,697
  -19,382
  -22,159
  -24,991
  -27,843
  -30,688
  -33,501
  -36,267
  -38,974
  -41,617
  -44,198
  -46,722
  -49,196
  -51,633
  -54,047
  -56,453
  -58,866
  -61,304
  -63,783
  -66,319
  -68,931
Cash from investing activities, $m
  -1,763
  -2,581
  -3,658
  -5,027
  -6,716
  -8,741
  -11,108
  -13,813
  -16,839
  -20,165
  -23,763
  -27,599
  -31,642
  -35,859
  -40,226
  -44,716
  -49,312
  -54,001
  -58,774
  -63,629
  -68,568
  -73,595
  -78,721
  -83,956
  -89,315
  -94,813
  -100,468
  -106,297
  -112,318
  -118,554
Free cash flow, $m
  -680
  -998
  -1,370
  -1,777
  -2,188
  -2,564
  -2,854
  -3,000
  -2,943
  -2,618
  -2,085
  -1,056
  399
  2,316
  4,723
  7,636
  11,064
  15,009
  19,462
  24,414
  29,849
  35,751
  42,102
  48,884
  56,082
  63,681
  71,668
  80,034
  88,774
  97,882
Issuance/(repayment) of debt, $m
  1,460
  2,128
  2,990
  4,069
  5,379
  6,923
  8,692
  10,671
  12,835
  15,151
  17,587
  20,107
  22,677
  25,266
  27,847
  30,400
  32,909
  35,365
  37,764
  40,106
  42,396
  44,642
  46,853
  49,044
  51,226
  53,416
  55,628
  57,878
  60,180
  62,549
Issuance/(repurchase) of shares, $m
  2,610
  3,613
  4,869
  6,382
  8,137
  10,095
  12,199
  14,375
  16,535
  18,587
  20,118
  21,673
  22,853
  23,590
  23,830
  23,534
  22,679
  21,253
  19,259
  16,709
  13,622
  10,022
  5,939
  1,402
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  4,070
  5,741
  7,859
  10,451
  13,516
  17,018
  20,891
  25,046
  29,370
  33,738
  37,705
  41,780
  45,530
  48,856
  51,677
  53,934
  55,588
  56,618
  57,023
  56,815
  56,018
  54,664
  52,792
  50,446
  51,226
  53,416
  55,628
  57,878
  60,180
  62,549
Total cash flow (excl. dividends), $m
  3,389
  4,744
  6,488
  8,674
  11,327
  14,453
  18,038
  22,046
  26,427
  31,120
  35,620
  40,724
  45,928
  51,171
  56,399
  61,570
  66,652
  71,627
  76,485
  81,229
  85,867
  90,414
  94,894
  99,330
  107,308
  117,097
  127,296
  137,912
  148,953
  160,431
Retained Cash Flow (-), $m
  -3,138
  -4,565
  -6,412
  -8,727
  -11,536
  -14,847
  -18,642
  -22,886
  -27,526
  -32,494
  -37,719
  -43,123
  -48,634
  -54,186
  -59,722
  -65,197
  -70,579
  -75,847
  -80,991
  -86,014
  -90,925
  -95,741
  -100,484
  -105,182
  -109,863
  -114,559
  -119,303
  -124,128
  -129,065
  -134,146
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  252
  179
  76
  -53
  -209
  -393
  -604
  -840
  -1,098
  -1,375
  -2,098
  -2,399
  -2,706
  -3,015
  -3,323
  -3,627
  -3,927
  -4,220
  -4,506
  -4,785
  -5,058
  -5,326
  -5,590
  -5,852
  -2,554
  2,538
  7,993
  13,784
  19,889
  26,285
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  241
  164
  66
  -43
  -162
  -285
  -408
  -525
  -631
  -721
  -997
  -1,024
  -1,029
  -1,012
  -975
  -922
  -854
  -777
  -694
  -608
  -523
  -442
  -366
  -298
  -99
  74
  172
  213
  217
  198
Current shareholders' claim on cash, %
  69.7
  50.7
  38.1
  29.6
  23.6
  19.3
  16.2
  13.8
  12.0
  10.6
  9.5
  8.7
  8.0
  7.5
  7.0
  6.7
  6.4
  6.2
  6.0
  5.9
  5.8
  5.8
  5.7
  5.7
  5.7
  5.7
  5.7
  5.7
  5.7
  5.7

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services. The Trucking segment provides truckload transportation, including services of various products, goods and materials. Its Logistics segment consists of two operating units: freight brokerage services and rail intermodal. It provides logistics, freight management and other non-trucking services to its customers, through its Logistics segment. It provides a range of truckload and logistics services through its nationwide network of service centers, truckload tractor fleets and its contractual access to third-party capacity providers. It operates primarily in the United States.

FINANCIAL RATIOS  of  Knight-Swift Transportation Holdings Cl (KNX)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

KNX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KNX stock intrinsic value calculation we used $2425.453 million for the last fiscal year's total revenue generated by Knight-Swift Transportation Holdings Cl . The default revenue input number comes from 0001 income statement of Knight-Swift Transportation Holdings Cl . You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KNX stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for KNX is calculated based on our internal credit rating of Knight-Swift Transportation Holdings Cl , is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Knight-Swift Transportation Holdings Cl .
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KNX stock the variable cost ratio is equal to 86.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for KNX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Knight-Swift Transportation Holdings Cl .

Corporate tax rate of 27% is the nominal tax rate for Knight-Swift Transportation Holdings Cl . In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KNX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KNX are equal to 110.9%.

Life of production assets of 18.3 years is the average useful life of capital assets used in Knight-Swift Transportation Holdings Cl operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KNX is equal to 7.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5237.732 million for Knight-Swift Transportation Holdings Cl - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 178.108 million for Knight-Swift Transportation Holdings Cl is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Knight-Swift Transportation Holdings Cl at the current share price and the inputted number of shares is $6.0 billion.

RELATED COMPANIES Price Int.Val. Rating
CVTI Covenant Trans 23.66 4.62  str.sell
WERN Werner Enterpr 32.69 7.75  str.sell
MRTN Marten Transpo 19.59 2.40  str.sell
USAK USA Truck 21.98 206.59  str.buy
HTLD Heartland Expr 19.50 1.28  str.sell
ULH Universal Logi 25.44 27.18  sell
PTSI P.A.M. Transpo 59.80 5.27  str.sell

COMPANY NEWS

▶ Wasatch Small Cap Value Joins Kiplinger 25   [Oct-04-18 10:43AM  Kiplinger]
▶ [$$] Knight-Swift Is a Cheap Set of Wheels   [Sep-05-18 08:06PM  The Wall Street Journal]
▶ [$$] Knight-Swift Is a Cheap Set of Wheels   [06:03AM  The Wall Street Journal]
▶ Knight-Swift Buys Trucker Abilene Motor Express   [Mar-16-18 01:57PM  The Wall Street Journal]
▶ Bull of the Day: Knight-Swift (KNX)   [Feb-09-18 07:00AM  Zacks]
▶ Knight-Swift Transportation Jumps 11% in January   [Feb-05-18 03:17PM  GuruFocus.com]
▶ Analyst: Knight-Swift Holds Upside Potential   [Nov-14-17 01:24PM  Benzinga]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.