Landstar System Inc Stock Research

Market Summary

USD175.34-3.11

Market Closed

-1.74%

LSTR Stock Price

LSTR RSI Chart

LSTR Valuation

Market Cap

5.6B

Price/Earnings (Trailing)

12.32

Price/Sales (Trailing)

0.72

EV/EBITDA

8.37

Price/Free Cashflow

11.81

LSTR Price/Sales (Trailing)

LSTR Profitability

EBT Margin

7.63%

Return on Equity

48.57%

Return on Assets

22.31%

Free Cashflow Yield

8.47%

LSTR Fundamentals

LSTR Revenue

Revenue (TTM)

7.4B

Revenue Y/Y

-13.89%

Revenue Q/Q

-7.78%

LSTR Earnings

Earnings (TTM)

430.9M

Earnings Y/Y

-17.66%

Earnings Q/Q

-6.9%

Price Action

52 Week Range

136.62188.47

(Low)(High)

Last 7 days

1.9%

Last 30 days

1.4%

Last 90 days

-1.0%

Trailing 12 Months

17.2%

LSTR Financial Health

Current Ratio

1.64

Debt/Equity

0.08

Debt/Cashflow

9.26

LSTR Investor Care

Dividend Yield

1.74%

Dividend/Share (TTM)

3.1

Diluted EPS (TTM)

11.76

Peers (Alternatives to Landstar System)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNP	118.4B	25.1B	-0.77%	-12.72%	16.92	4.72	10.63%	2.73%
UBER	75.8B	33.8B	20.97%	58.68%	-22.51	2.24	56.29%	46.68%
CSX	63.6B	15.2B	1.08%	-2.42%	14.81	4.19	15.78%	9.15%
ODFL	34.9B	6.2B	-0.88%	20.37%	25.6	5.62	10.27%	20.06%
JBHT	17.8B	14.6B	-2.30%	-1.61%	19.23	1.22	11.63%	7.73%
MID-CAP
KNX	9.1B	7.2B	0.66%	16.07%	13.68	1.26	9.64%	-18.82%
SAIA	7.6B	2.8B	-3.17%	44.78%	21.6	2.74	13.20%	19.88%
LSTR	5.6B	7.4B	1.37%	17.15%	12.32	0.72	13.75%	12.95%
SNDR	4.7B	6.4B	1.45%	9.12%	10.2	0.74	6.87%	4.74%
WERN	2.9B	3.4B	0.11%	11.29%	12.87	0.85	16.50%	-16.36%
ARCB	2.3B	5.1B	-7.50%	15.57%	7.74	0.43	18.59%	15.48%
SMALL-CAP
MRTN	1.8B	1.3B	7.68%	24.73%	15.98	1.4	29.81%	36.36%
HTLD	1.3B	1.1B	9.60%	11.45%	9.69	1.09	89.32%	57.22%
ULH	720.0M	2.0B	7.03%	-0.47%	4.27	0.36	15.10%	128.71%
USX	306.8M	2.1B	0.83%	93.33%	-6.97	0.14	6.04%	-9525.94%

Financials for Landstar System

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-3.5%	7,437	7,707	7,625	7,221	6,538
S&GA Expenses	-2.8%	221	228	233	229	221
Costs and Expenses	-3.4%	6,869	7,114	7,034	6,658	6,035
EBITDA	-3.4%	629	651	647	616	-
EBITDA Margin	0.1%	0.08*	0.08*	0.09*	0.09*	-
Earnings Before Taxes	-4.0%	567	591	589	561	502
EBT Margin	-0.5%	0.08*	0.08*	0.08*	0.08*	-
Interest Expenses	3.5%	4.00	4.00	4.00	-	-
Net Income	-4.4%	431	451	449	429	382
Net Income Margin	-1.0%	0.06*	0.06*	0.06*	0.06*	-
Free Cahsflow	26.9%	597	470	327	279	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.8%	1,932	1,989	2,017	2,046	2,045
Current Assets	-3.1%	1,439	1,485	1,505	1,538	1,523
Cash Equivalents	91.0%	340	178	78.00	146	216
Net PPE	-2.1%	315	322	314	307	317
Goodwill	0.5%	41.00	41.00	41.00	41.00	41.00
Current Liabilities	-6.7%	878	942	978	950	1,010
Long Term Debt	-6.8%	67.00	72.00	74.00	137	75.00
Shareholder's Equity	1.6%	887	873	857	856	862
Retained Earnings	0.4%	2,636	2,625	2,536	2,433	2,317
Additional Paid-In Capital	1.2%	258	255	252	248	255
Accumulated Depreciation	2.6%	393	383	369	357	344

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	25.5%	623	496	349	302	277
Share Based Compensation	-32.0%	12.00	18.00	22.00	26.00	28.00
Cashflow From Investing	20.2%	-24.77	-31.05	-26.73	-72.98	-73.34
Cashflow From Financing	7.8%	-475	-515	-429	-301	-232
Dividend Payments	1.1%	116	114	113	112	112
Buy Backs	-20.2%	286	358	312	232	123

Risks for LSTR

What is the probability of a big loss on LSTR?

50%

Probability that Landstar System stock will be more than 20% underwater in next one year

Probability that Landstar System stock will be more than 30% underwater in next one year.

Probability that Landstar System stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LSTR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Landstar System was unfortunately bought at previous high price.

Drawdowns

Returns for LSTR

Cumulative Returns on LSTR

14.4%

10-Year Cumulative Returns

16.4%

7-Year Cumulative Returns

11.1%

5-Year Cumulative Returns

17.0%

3-Year Cumulative Returns

What are the long-term rolling returns for LSTR?

FIve years rolling returns for Landstar System.

Annualized Returns

Which funds bought or sold LSTR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-0.68	35,398	416,421	-%
2023-05-25	Brandywine Global Investment Management, LLC	added	85.63	3,969,880	7,777,020	0.03%
2023-05-25	Legato Capital Management LLC	reduced	-5.55	122,940	3,249,800	0.59%
2023-05-23	Front Row Advisors LLC	unchanged	-	1,000	3,000	-%
2023-05-23	MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID	reduced	-0.32	4,199,190	47,510,700	3.37%
2023-05-23	ROYCE & ASSOCIATES LP	reduced	-2.28	4,787,320	68,314,700	0.68%
2023-05-23	Toroso Investments, LLC	added	125	875,000	1,468,000	0.03%
2023-05-22	American Trust	reduced	-0.89	65,959	794,122	0.06%
2023-05-22	AMERIPRISE FINANCIAL INC	added	8.57	3,466,300	21,268,300	0.01%
2023-05-22	Raleigh Capital Management Inc.	added	22.99	5,021	19,208	0.01%

Latest Funds Activity

Are funds buying LSTR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LSTR

No. of Funds

Landstar System News

Schedule 13G FIlings of Landstar System

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	kayne anderson rudnick investment management llc	9.04%	3,248,033	SC 13G/A
Feb 09, 2023	morgan stanley	8.3%	2,989,750	SC 13G/A
Feb 09, 2023	vanguard group inc	9.69%	3,482,817	SC 13G/A
Jan 24, 2023	blackrock inc.	9.5%	3,409,176	SC 13G/A
Feb 11, 2022	kayne anderson rudnick investment management llc	9.08%	3,459,540	SC 13G
Feb 10, 2022	vanguard group inc	10.07%	3,837,905	SC 13G/A
Feb 10, 2022	morgan stanley	7.3%	2,790,265	SC 13G/A
Feb 01, 2022	victory capital management inc	-	1,834,538	SC 13G/A
Jan 27, 2022	blackrock inc.	10.6%	4,054,491	SC 13G/A
Jan 25, 2022	blackrock inc.	10.6%	4,054,491	SC 13G/A

LSTR Fair Value

Show Fair-Value

Recent SEC filings of Landstar System

View All Filings

Date Filed	Form Type	Document
May 23, 2023	8-K	Current Report
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 11, 2023	8-K	Current Report
May 05, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for LSTR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-11	WHITE TERESA L	acquired	-	-	851	-
2023-05-11	Akbari Dr. Homaira	acquired	-	-	851	-
2023-05-11	Liang James L	acquired	-	-	851	-
2023-05-11	Scanlon George P	acquired	-	-	851	-
2023-05-11	BANNISTER DAVID G/	acquired	-	-	851	-
2023-05-11	MURPHY DIANA M	acquired	-	-	851	-
2023-05-11	ORLANDO ANTHONY J	acquired	-	-	851	-
2023-02-09	CORO RICARDO S	sold	-553,883	184	-3,000	vice president - cio
2023-02-09	Beacom Joseph J	sold	-1,280,590	182	-7,000	vp, cso, coo
2023-02-03	Cooper Aimee M	acquired	-	-	693	vp & cao

About Landstar System

James B. Gattoni

www.landstar.com

1400

Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment reinsures certain risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

LSTR Income Statement

2023-04-01

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Apr. 01, 2023	Mar. 26, 2022
Revenue	$ 1,435,675	$ 1,970,599
Investment income	1,368	721
Costs and expenses:
Purchased transportation	1,101,294	1,550,330
Commissions to agents	125,675	149,778
Other operating costs, net of gains on asset sales/dispositions	12,378	11,141
Insurance and claims	27,647	30,768
Selling, general and administrative	53,567	52,713
Depreciation and amortization	15,198	13,757
Total costs and expenses	1,335,759	1,808,487
Operating income	101,284	162,833
Interest and debt (income) expense	(726)	1,123
Income before income taxes	102,010	161,710
Income taxes	23,815	36,871
Net income	$ 78,195	$ 124,839
Diluted earnings per share	$ 2.17	$ 3.34
Average diluted shares outstanding	35,982,000	37,418,000
Dividends per common share	$ 0.3	$ 0.25

LSTR Balance Sheet

2023-04-01

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 340,987	$ 339,581
Short-term investments	47,168	53,955
Trade accounts receivable, less allowance of $12,577 and $12,121	899,811	967,793
Other receivables, including advances to independent contractors, less allowance of $11,758 and $10,579	53,242	56,235
Other current assets	12,684	21,826
Total current assets	1,353,892	1,439,390
Operating property, less accumulated depreciation and amortization of $406,648 and $393,274	306,224	314,990
Goodwill	41,726	41,220
Other assets	136,018	136,279
Total assets	1,837,860	1,931,879
Current Liabilities
Cash overdraft	66,195	92,953
Accounts payable	490,304	527,372
Current maturities of long-term debt	33,801	36,175
Insurance claims	50,064	50,836
Dividends payable	0	71,854
Other current liabilities	100,980	98,945
Total current liabilities	741,344	878,135
Long-term debt, excluding current maturities	60,191	67,225
Insurance claims	57,974	58,268
Deferred income taxes and other noncurrent liabilities	42,699	41,030
Shareholders' Equity
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,483,963 and 68,382,310 shares	685	684
Additional paid-in capital	253,138	258,487
Retained earnings	2,703,349	2,635,960
Cost of 32,550,852 and 32,455,300 shares of common stock in treasury	(2,009,327)	(1,992,886)
Accumulated other comprehensive loss	(12,193)	(15,024)
Total shareholders' equity	935,652	887,221
Total liabilities and shareholders' equity	$ 1,837,860	$ 1,931,879