Saia Stock Intrinsic Value – SAIA Reports Fourth Quarter Earnings Results for FY2022
April 3, 2023
Earnings Overview
On December 31, 2022, SAIA ($NASDAQ:SAIA) revealed the earnings results for the fourth quarter of FY2022. Total revenue for the quarter was USD 70.9 million – a decrease of 3.9% when compared to the same period in FY2021. For the quarter, net income was reported as USD 655.7 million, demonstrating a 6.3% year-on-year increase.
Transcripts Simplified
Revenue in the fourth quarter increased by $38.6 million to $655.7 million. This was driven by a 6.5% improvement in yield excluding fuel surcharge, and a 14.3% improvement including fuel surcharge. Fuel surcharge revenue increased by 46.4% and was 20.1% of total revenue. Revenue per shipment excluding fuel surcharge was 7.1% to $288.34 and including fuel surcharge, revenue per shipment rose 15% to $364.44.
On the expense side, salaries, wages and benefits increased by 5.3%, purchase transportation expense decreased by 13.8%, fuel expense increased by 41.5%, and clients and insurance expense decreased by 8%. Depreciation expense of $39.6 million in the quarter was 10.3% higher year-over-year, primarily related to investments in real estate and equipment. Total operating expenses increased by 8.3% in the quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Saia. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>More…
| Total Revenues | Net Income | Net Margin |
| 2.79k | 357.42 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Saia. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>More…
| Operations | Investing | Financing |
| 473.03 | -365.51 | -26.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Saia. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.17k | 595.37 | 59.68 |
Key Ratios Snapshot
Some of the financial key ratios for Saia are shown below. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 45.5% | 16.9% |
| FCF Margin | ROE | ROA |
| 3.8% | 19.1% | 13.5% |
Stock Price
The results saw the company’s stock open at $268.5 and close at $286.4, down by 0.4% from the previous closing price of $287.6 on Thursday. This decrease in stock price indicates that investors may be cautious about the financial performance of SAIA in the coming quarter. The announcement of the fourth quarter results shows that SAIA is continuing to grow and have a healthy financial outlook. With its focus on expanding its customer base and expanding its services, SAIA is well-positioned to continue to build on its current success in the coming months and years. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>Live Quote…
Analysis – Saia Stock Intrinsic Value
At GoodWhale, we analyze SAIA’s fundamentals to help investors make wise decisions. After taking a close look at the company’s financials and performance, our proprietary Valuation Line tells us that the intrinsic value of SAIA share is around $258.0. Currently, the stock is traded at $286.4, which is a fair price slightly above the intrinsic value – 11.0% overvalued. Thus, investors may want to think twice before committing to buying SAIA stock at the current market price. saia&utm_title=saia-reports-fourth-quarter-earnings-results-for-fy2022″>More…
Peers
The company has a strong network of trucking, intermodal, and logistics facilities and offers a wide range of services, including truckload transportation, less-than-truckload transportation, intermodal transportation, and logistics solutions. Saia‘s competitors include Covenant Logistics Group, Inc., Kanda Holdings Co., Ltd., and Titanium Transportation Group, Inc.
– Covenant Logistics Group Inc ($NASDAQ:CVLG)
Covenant Logistics Group Inc. is a provider of transportation and logistics services. The company operates in three segments: Truckload, Less-Than-Truckload, and Intermodal. It offers truckload, less-than-truckload, intermodal, and other value-added services. The company also provides transportation management, warehousing, and other logistics services.
– Kanda Holdings Co Ltd ($TSE:9059)
Kanda Holdings Co Ltd is a Japanese conglomerate with a market cap of 11.74B as of 2022. The company has a Return on Equity of 8.89%. Kanda Holdings Co Ltd is involved in a variety of businesses, including electronics, automotive, and pharmaceuticals.
Summary
SAIA Inc. has recently released its earnings report for the fourth quarter of FY2022, revealing total revenue of USD 70.9 million and net income of USD 655.7 million. Compared to the same quarter the previous year, revenue was down 3.9%, while net income jumped 6.3%. This solid performance indicates a strong financial standing for the company and could be an attractive option for investors.
With the global economy recovering from the pandemic, SAIA could be positioned to benefit from new opportunities as consumer demand increases. As a result, investors should consider taking a closer look at SAIA’s financials and considering it as a potential investment opportunity.
