Financials Landstar System, Inc.

Equities

LSTR

US5150981018

Ground Freight & Logistics

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
177.3 USD -0.10% Intraday chart for Landstar System, Inc. +3.78% -8.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,459 5,153 6,796 5,852 6,961 6,339 - -
Enterprise Value (EV) 1 4,306 5,080 6,773 5,709 6,491 5,941 5,823 5,545
P/E ratio 19.8 x 27 x 17.9 x 13.9 x 26.3 x 27.1 x 22.1 x 20.1 x
Yield 0.62% 0.59% 0.52% 0.68% - 1.02% 1.05% 0.77%
Capitalization / Revenue 1.09 x 1.25 x 1.04 x 0.79 x 1.31 x 1.26 x 1.13 x 1.08 x
EV / Revenue 1.05 x 1.23 x 1.04 x 0.77 x 1.22 x 1.18 x 1.04 x 0.94 x
EV / EBITDA 12.5 x 16 x 12.2 x 9.08 x 16.1 x 17.1 x 13.7 x 12.1 x
EV / FCF 14.9 x 28.2 x 26.7 x 9.57 x 17.6 x 22.7 x 23 x -
FCF Yield 6.7% 3.55% 3.74% 10.5% 5.67% 4.41% 4.34% -
Price to Book 6.23 x 7.45 x 7.8 x 6.95 x 7.03 x 6.52 x 5.85 x 4.81 x
Nbr of stocks (in thousands) 39,463 38,384 38,109 35,925 35,946 35,762 - -
Reference price 2 113.0 134.3 178.3 162.9 193.6 177.3 177.3 177.3
Announcement Date 1/29/20 1/27/21 1/26/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,085 4,133 6,538 7,437 5,303 5,018 5,612 5,880
EBITDA 1 343.4 316.9 555.3 628.5 402.3 347.5 425.7 458.8
EBIT 1 298.9 271 505.7 571.1 344.1 287.6 360.7 396.1
Operating Margin 7.32% 6.56% 7.73% 7.68% 6.49% 5.73% 6.43% 6.74%
Earnings before Tax (EBT) 1 295.8 249 501.7 567.5 348.1 288.1 361.3 398.9
Net income 1 227.7 192.1 381.5 430.9 264.4 234.3 274.3 302.1
Net margin 5.58% 4.65% 5.84% 5.79% 4.99% 4.67% 4.89% 5.14%
EPS 2 5.720 4.980 9.980 11.76 7.360 6.530 8.008 8.819
Free Cash Flow 1 288.4 180.1 253.5 596.7 368 262.2 253 -
FCF margin 7.06% 4.36% 3.88% 8.02% 6.94% 5.22% 4.51% -
FCF Conversion (EBITDA) 84% 56.83% 45.65% 94.93% 91.46% 75.44% 59.42% -
FCF Conversion (Net income) 126.66% 93.75% 66.44% 138.46% 139.17% 111.89% 92.22% -
Dividend per Share 2 0.7000 0.7900 0.9200 1.100 - 1.815 1.870 1.360
Announcement Date 1/29/20 1/27/21 1/26/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,734 1,945 1,971 1,975 1,816 1,675 1,436 1,374 1,289 1,204 1,171 1,237 1,287 1,339 1,346
EBITDA 1 143.7 161.8 176.6 164.7 148.1 139.2 116.5 102.9 94.71 88.22 74.1 83.07 92.65 98.95 97.6
EBIT 1 131.4 148.7 162.8 150.4 133.5 124.3 101.3 87.95 80.35 74.57 59.96 67.3 76.69 84.51 77.24
Operating Margin 7.58% 7.65% 8.26% 7.62% 7.35% 7.42% 7.05% 6.4% 6.23% 6.19% 5.12% 5.44% 5.96% 6.31% 5.74%
Earnings before Tax (EBT) 1 130.4 147.7 161.7 149.3 132.5 124 102 88.26 81.39 76.43 61.57 68.01 76.55 81.77 82.6
Net income 1 98.68 113.3 124.8 112.6 100.2 93.3 78.2 66.56 61.65 57.99 47.1 51.88 59.98 64.57 -
Net margin 5.69% 5.83% 6.34% 5.7% 5.52% 5.57% 5.45% 4.84% 4.78% 4.81% 4.02% 4.19% 4.66% 4.82% -
EPS 2 2.580 2.990 3.340 3.050 2.760 2.600 2.170 1.850 1.710 1.620 1.320 1.502 1.758 1.911 1.745
Dividend per Share 2 0.2500 0.2500 0.2500 0.2500 0.3000 0.3000 0.3000 0.3000 0.3300 - 2.330 0.3300 0.3600 0.3600 -
Announcement Date 10/20/21 1/26/22 4/20/22 7/20/22 10/19/22 2/1/23 4/26/23 7/26/23 10/25/23 1/31/24 4/24/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 153 73.8 23 143 470 398 516 795
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 288 180 253 597 368 262 253 -
ROE (net income / shareholders' equity) 32.3% 27.2% 49.1% 49.3% 27% 23.4% 27.7% 26.6%
ROA (Net income/ Total Assets) 16.2% 12.5% 20.6% 21.7% 14% 12.4% 15.6% 15.6%
Assets 1 1,404 1,541 1,850 1,989 1,889 1,883 1,758 1,934
Book Value Per Share 2 18.10 18.00 22.90 23.40 27.50 27.20 30.30 36.80
Cash Flow per Share 2 7.740 5.460 7.240 17.00 11.00 8.320 8.120 10.20
Capex 1 19.4 30.6 23.3 26 25.7 27 24.2 23.5
Capex / Sales 0.48% 0.74% 0.36% 0.35% 0.48% 0.54% 0.43% 0.4%
Announcement Date 1/29/20 1/27/21 1/26/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
177.3 USD
Average target price
171.7 USD
Spread / Average Target
-3.14%
Consensus
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