Knight-Swift Transportation Holdings Inc. (KNX)
Industrials · NYQ · US
Fundamentals
Valuation and ratings
Knight-Swift Transportation Holdings Inc. trades at USD77.32, which is 44% above the USD43.41 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 27 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 354.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Knight-Swift Transportation Holdings Inc.
Knight-Swift Transportation Holdings Inc., together with its subsidiaries, operates as a freight transportation company in the United States and Mexico. The company operates through four segments: Truckload, LTL, Logistics, and Intermodal. The Truckload segment offers irregular route, dedicated, refrigerated, flatbed, expedited, and cross-border services. The LTL segment provides regional direct service and serves its customers' national transportation needs by utilizing key partner carriers for coverage areas outside of its network. The Logistics segment provides brokerage and other freight management services utilizing third-party transportation providers and equipment. The Intermodal segment offers transportation services, including arranging the movement of customers' freight through third-party intermodal rail services on its trailing equipment; and drayage services to transport loads between the railheads and customer locations. The company also provides repair and maintenance shop services, equipment leasing, warranty services, and insurance; and trailer parts manufacturing, warehousing, and certain driving academy activities. It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was incorporated in 1989 and is headquartered in Phoenix, Arizona.
KNX passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- David Greenspan, Slate Path Capital LP$265.92M · 4.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$194.18M · 0.1% of book
- Ken Griffin, CITADEL ADVISORS LLC$119.39M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$79.27M · 0.1% of book
- Richard Pzena, PZENA INVESTMENT MANAGEMENT LLC$72.54M · 0.2% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Knight-Swift Transportation Holdings Inc. (KNX) undervalued?
Against our discounted cash flow estimate of USD43.41, KNX at USD77.32 is 44% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own KNX?
11 of the institutions we track reported a position in KNX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is KNX's P/E ratio?
KNX trades at 354.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for KNX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.