Investment Detail Report | Release date 04-18-2019 | Rating as of 04-18-2019 | Currency: USD | Industry: Trucking Page 1 of 1

Knight-Swift Transportation Holdings Inc A KNX QQQ

Knight-Swift Transportation is by far the largest asset-based Fair Value Uncertainty Economic Moat Sector Style Market Cap (Mil) Sales (Mil) Last Close
full-truckload carrier in the United States. Roughly 80% of $36.00 High None Industrials Mid Core 6,007 5,344 34.72
revenue derives from asset-based truckload shipping
operations (including for-hire dry van, refrigerated, dedicated High 19.98 22.38 20.12 18.94 18.66 34.69 34.73 38.80 44.60 51.94 35.35 10 Yr Range(High/Low)
Low 12.17 17.50 12.63 13.74 14.63 17.96 21.72 20.56 30.00 23.27 24.65 51.94-12.17
contract). The remainder stems from highway brokerage and
120.0 52 Wk Range(High/Low)
other asset-light logistics services (11%), as well as rail 44.86-23.27
53.0
intermodal (9%), which uses the Class-I railroads for the Price Volatility
23.0
underlying movement of the firm's shipping containers. Monthly High/Low
10.0 Rel Strength to S&P 500
4.0 Split
1.0
8,000.0 Trading Volume (Thousand)
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 YTD Stock Performance
20.8 3.6 -16.4 -1.7 27.0 84.8 -27.3 37.4 33.0 -42.1 38.7 Total Return %
Growth Rates (Compound Annual) -5.6 -11.5 -18.5 -17.7 -5.4 71.2 -28.7 25.4 11.2 -37.7 22.1 +/- Market
Grade: B 1 Yr 3 Yr 5 Yr 10 Yr 11.4 -8.7 -11.5 -9.3 -26.9 44.2 6.0 5.3 -3.0 -13.7 14.1 +/- Industry
Revenue % 120.3 65.3 40.7 21.4 1.0 1.2 1.5 1.6 1.3 0.7 1.0 0.7 0.6 1.0 0.7 Dividend Yield %
Operating Income % 144.4 47.6 38.1 14.7 — — — — — — — — — 4333 6007 Market Cap $Mil
Earnings/Share % -45.6 18.5 22.4 13.6
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Financials (USD)
Dividends % 0.0 0.0 0.0 4.8
652 731 866 936 969 1102 1183 1118 2425 5344 5344 Revenue $Mil
Book Value/Share % 7.4 51.3 35.6 18.6
65.8 18.6 17.0 16.7 16.9 18.7 19.8 18.3 15.7 16.3 16.3 Gross Margin %
Stock Total Return -21.6 10.4 8.0 9.1
126 95 100 108 114 163 178 148 234 572 572 Oper Income $Mil
+/- Industry -6.7 -2.2 1.3 -2.1
+/- Market -31.0 -3.4 -3.5 -6.1 19.4 13.0 11.6 11.6 11.8 14.8 15.1 13.3 9.7 10.7 10.7 Operating Margin %
51 59 60 64 69 103 117 94 484 419 419 Net Income $Mil
Profitability Analysis 0.60 0.70 0.74 0.80 0.86 1.25 1.42 1.16 4.34 2.36 2.36 Earnings Per Share $
Grade: D Current 5 Yr Avg Ind Mkt 0.19 0.23 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 Dividends $
Return on Equity % 7.8 13.9 12.1 25.8 84 84 82 80 80 82 82 81 112 178 178 Shares Mil
Return on Assets % 5.4 9.3 6.4 9.1 6.24 6.06 5.83 6.15 6.62 7.66 8.80 9.53 26.94 31.21 31.56 Book Value Per Share $
Revenue/Employee $K 234.4 181.8 — 930.0
87 170 161 151 139 177 206 244 323 882 882 Oper Cash Flow $Mil
Fixed Asset Turns 2.1 1.6 2.6 7.0
-95 -134 -173 -161 -141 -260 -222 -155 -387 -756 -756 Cap Spending $Mil
Inventory Turns — —* 123.7 12.1
-9 36 -12 -10 -2 -83 -16 89 -65 126 126 Free Cash Flow $Mil
Gross Margin % 16.3 17.8 30.8 42.8
Operating Margin % 10.7 12.7 7.4 19.4 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Profitability
Net Margin % 7.9 11.1 4.7 17.3 7.6 8.7 8.5 8.4 8.7 10.9 10.6 8.5 11.1 5.4 5.4 Return on Assets %
Free Cash Flow/Rev % 2.4 — 1.9 18.8 10.1 11.5 12.3 13.3 13.3 16.7 16.5 12.3 16.1 7.8 7.8 Return on Equity %
R&D/Rev % — — 0.1 — 0.98 1.07 1.22 1.23 1.22 1.17 1.07 1.02 0.55 0.69 0.69 Asset Turnover
7.8 8.1 7.0 6.9 7.2 9.3 9.9 8.4 20.0 7.9 7.9 Net Margin %
Financial Position (USD) 1.3 1.3 1.5 1.6 1.5 1.6 1.5 1.4 1.5 1.4 1.4 Financial Leverage
Grade: C 12-17 $Mil 12-18 $Mil 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 12-18 Financial Health (USD)
Cash 77 82 — — 55 80 38 134 112 18 795 799 799 Long-Term Debt $Mil
Inventories — — 520 508 476 490 554 678 738 786 5238 5461 5461 Total Equity $Mil
Receivables 629 624
— — 0.12 0.16 0.07 0.20 0.15 0.02 0.18 0.16 0.16 Debt/Equity
Current Assets 923 907
159 125 110 109 102 146 164 112 314 293 293 Working Capital $Mil
Fixed Assets 2384 2613
Intangibles 4329 4340 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Valuation
Total Assets 7683 7912 32.2 27.2 22.7 18.3 22.1 30.3 16.7 26.9 63.3 4.6 14.7 Price/Earnings
Payables 120 118 0.0 0.0 — 0.0 0.0 0.0 0.0 — — 0.0 0.7 P/E vs. Market
Short-Term Debt 49 59 2.5 2.2 1.6 1.3 1.5 2.7 1.7 2.4 2.8 0.8 1.2 Price/Sales
Current Liabilities 610 615 3.1 3.1 2.7 2.4 2.8 4.4 2.8 3.5 1.6 0.8 1.1 Price/Book
Long-Term Debt 795 799 18.6 9.4 6.1 7.8 10.2 17.7 9.3 11.3 20.7 5.9 7.0 Price/Cash Flow
Total Liabilities 2443 2449
Total Equity 5238 5461 Quarterly Results (USD) Close Competitors
Revenue $ Mar Jun Sep Dec Mkt Cap $Mil Rev $Mil P/E ROE%
Valuation Analysis Most Recent 1271.0 1331.0 1346.0 1394.0 C.H. Robinson Worldwide 12361 16631 19.0 44.0
Current 5 Yr Avg Ind Mkt
Previous 271.0 273.0 521.0 1359.0 JB Hunt Transport 10570 8615 21.9 24.9
Price/Earnings 14.7 23.8 21.1 19.8 Rev Growth % Mar Jun Sep Dec Major Fund Holders
Forward P/E 13.2 — — 22.1 Most Recent 368.7 387.4 158.2 2.6 % of shares
Price/Cash Flow 7.0 12.6 7.1 13.0 Previous -0.3 -1.1 85.9 370.2 Fidelity® Dividend Growth 2.02
Price/Free Cash Flow 49.1 518.0 — 28.8 Earnings Per Share $ Mar Jun Sep Dec Vanguard Total Stock Mkt Idx Inv 1.92
Dividend Yield % 0.7 0.8 0.5 2.1 Most Recent 0.39 0.51 0.60 0.86 Vanguard Small Cap Index 1.83
Price/Book 1.1 3.1 2.3 3.2 Previous 0.18 0.22 0.04 2.50 Contact
Price/Sales 1.2 2.1 0.9 4.5 Knight-Swift Phone: +1 602 269-2000
PEG Ratio 2.1 — — 2.5 Transportation Holdings Website: http://www.knighttrans.com
*3Yr Avg data is displayed in place of 5 Yr Avg Inc A
20002 North 19th Avenue
Phoenix, AZ 85027
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