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ArcBest

Nasdaq:ARCB
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARCB
Nasdaq
$486M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The last earnings update was 40 days ago. More info.


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  • ArcBest has significant price volatility in the past 3 months.
ARCB Share Price and Events
7 Day Returns
26.9%
NasdaqGS:ARCB
3.2%
US Transportation
2.4%
US Market
1 Year Returns
-38.2%
NasdaqGS:ARCB
-14.6%
US Transportation
-10%
US Market
ARCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ArcBest (ARCB) 26.9% 6.9% -25.7% -38.2% -17.4% -45.2%
US Transportation 3.2% -7.5% -19.1% -14.6% 30.4% 40.6%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • ARCB underperformed the Transportation industry which returned -14.6% over the past year.
  • ARCB underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
ARCB
Industry
5yr Volatility vs Market

Value

 Is ArcBest undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ArcBest to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ArcBest.

NasdaqGS:ARCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ARCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 21%) (81.59%))
1.282
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.282 * 5.44%)
8.71%

Discounted Cash Flow Calculation for NasdaqGS:ARCB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ArcBest is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:ARCB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.71%)
2020 -7.60 Analyst x2 -6.99
2021 56.95 Analyst x2 48.19
2022 35.46 Est @ -37.74% 27.60
2023 26.28 Est @ -25.9% 18.81
2024 21.65 Est @ -17.61% 14.26
2025 19.09 Est @ -11.8% 11.57
2026 17.62 Est @ -7.74% 9.82
2027 16.75 Est @ -4.9% 8.59
2028 16.27 Est @ -2.9% 7.67
2029 16.02 Est @ -1.51% 6.95
Present value of next 10 years cash flows $146.00
NasdaqGS:ARCB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $16.02 × (1 + 1.74%) ÷ (8.71% – 1.74%)
$233.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $233.71 ÷ (1 + 8.71%)10
$101.34
NasdaqGS:ARCB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $146.00 + $101.34
$247.34
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $247.34 / 25.34
$9.76
NasdaqGS:ARCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.76
Current discount Discount to share price of $20.45
= -1 x ($20.45 - $9.76) / $9.76
-109.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ArcBest is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ArcBest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ArcBest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ARCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.56
NasdaqGS:ARCB Share Price ** NasdaqGS (2020-04-08) in USD $20.45
United States of America Transportation Industry PE Ratio Median Figure of 20 Publicly-Listed Transportation Companies 17.82x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ArcBest.

NasdaqGS:ARCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ARCB Share Price ÷ EPS (both in USD)

= 20.45 ÷ 1.56

13.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ArcBest is good value based on earnings compared to the US Transportation industry average.
  • ArcBest is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does ArcBest's expected growth come at a high price?
Raw Data
NasdaqGS:ARCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
27.3%per year
United States of America Transportation Industry PEG Ratio Median Figure of 18 Publicly-Listed Transportation Companies 1.75x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NasdaqGS:ARCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.07x ÷ 27.3%

0.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ArcBest is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ArcBest's assets?
Raw Data
NasdaqGS:ARCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $30.03
NasdaqGS:ARCB Share Price * NasdaqGS (2020-04-08) in USD $20.45
United States of America Transportation Industry PB Ratio Median Figure of 30 Publicly-Listed Transportation Companies 1.75x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NasdaqGS:ARCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ARCB Share Price ÷ Book Value per Share (both in USD)

= 20.45 ÷ 30.03

0.68x

* Primary Listing of ArcBest.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ArcBest is good value based on assets compared to the US Transportation industry average.
X
Value checks
We assess ArcBest's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. ArcBest has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ArcBest expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ArcBest expected to grow at an attractive rate?
  • ArcBest's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • ArcBest's earnings growth is expected to exceed the United States of America market average.
  • ArcBest's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ARCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ARCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 27.3%
NasdaqGS:ARCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.1%
United States of America Transportation Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
United States of America Transportation Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ARCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ARCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,137 1
2021-12-31 3,031 185 55 7
2020-12-31 2,931 135 31 7
2020-04-08
NasdaqGS:ARCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,988 170 40
2019-09-30 3,045 220 61
2019-06-30 3,084 216 85
2019-03-31 3,106 220 62
2018-12-31 3,094 255 67
2018-09-30 3,030 229 88
2018-06-30 2,948 220 62
2018-03-31 2,875 182 77
2017-12-31 2,826 152 59
2017-09-30 2,804 119 25
2017-06-30 2,774 110 23
2017-03-31 2,730 101 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ArcBest's earnings are expected to grow significantly at over 20% yearly.
  • ArcBest's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ARCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from ArcBest Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ARCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.89 5.35 1.40 4.00
2020-12-31 1.72 3.34 0.45 4.00
2020-04-08
NasdaqGS:ARCB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.56
2019-09-30 2.38
2019-06-30 3.32
2019-03-31 2.42
2018-12-31 2.61
2018-09-30 3.44
2018-06-30 2.43
2018-03-31 2.99
2017-12-31 2.32
2017-09-30 0.96
2017-06-30 0.88
2017-03-31 0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ArcBest is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ArcBest's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ArcBest has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ArcBest performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ArcBest's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ArcBest's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • ArcBest's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ArcBest's 1-year earnings growth is negative, it can't be compared to the US Transportation industry average.
Earnings and Revenue History
ArcBest's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ArcBest Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ARCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,988.31 39.96 46.26
2019-09-30 3,045.17 60.78 38.32
2019-06-30 3,083.77 85.19 33.87
2019-03-31 3,105.63 62.07 32.89
2018-12-31 3,093.79 67.11 36.70
2018-09-30 3,030.23 88.27 34.70
2018-06-30 2,948.35 62.32 30.65
2018-03-31 2,875.37 76.84 30.76
2017-12-31 2,826.46 59.49 33.73
2017-09-30 2,803.95 24.63 29.75
2017-06-30 2,773.59 22.74 29.77
2017-03-31 2,729.85 17.21 29.18
2016-12-31 2,700.22 18.51 29.18
2016-09-30 2,660.14 21.89 31.00
2016-06-30 2,655.60 28.01 30.92
2016-03-31 2,675.08 37.56 23.06
2015-12-31 2,666.91 44.40 28.59
2015-09-30 2,683.62 53.28 27.44
2015-06-30 2,685.53 52.95 25.65
2015-03-31 2,648.07 49.84 25.35
2014-12-31 2,612.69 43.88 24.94
2014-09-30 2,526.40 39.91 22.27
2014-06-30 2,438.51 35.10 22.63
2014-03-31 2,356.77 23.29 22.73
2013-12-31 2,299.55 15.09 21.82
2013-09-30 2,258.04 -2.74 22.74
2013-06-30 2,212.18 -10.08 20.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ArcBest has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ArcBest used its assets less efficiently than the US Transportation industry average last year based on Return on Assets.
  • ArcBest has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ArcBest's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ArcBest has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ArcBest's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ArcBest's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ArcBest is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ArcBest's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ArcBest's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ArcBest Company Filings, last reported 3 months ago.

NasdaqGS:ARCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 763.04 324.10 318.49
2019-09-30 763.63 299.16 308.10
2019-06-30 743.16 282.60 299.39
2019-03-31 721.76 276.25 254.62
2018-12-31 717.68 292.01 296.99
2018-09-30 705.09 290.53 253.32
2018-06-30 668.52 249.63 227.32
2018-03-31 665.47 252.48 179.32
2017-12-31 651.46 269.42 177.17
2017-09-30 613.57 263.25 166.09
2017-06-30 602.08 257.66 156.72
2017-03-31 591.68 227.39 139.24
2016-12-31 599.06 244.22 171.12
2016-09-30 595.15 239.22 189.74
2016-06-30 582.49 227.49 216.32
2016-03-31 577.25 205.19 204.40
2015-12-31 588.73 213.41 226.57
2015-09-30 586.80 193.17 261.21
2015-06-30 579.20 161.62 245.85
2015-03-31 557.93 169.78 212.00
2014-12-31 560.88 128.31 202.95
2014-09-30 551.08 141.74 203.24
2014-06-30 532.47 136.38 165.17
2014-03-31 514.20 120.09 131.69
2013-12-31 520.46 126.45 141.26
2013-09-30 499.68 135.89 136.18
2013-06-30 481.15 149.65 118.43
  • ArcBest's level of debt (42.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23% vs 42.5% today).
  • Debt is well covered by operating cash flow (52.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.3x coverage).
X
Financial health checks
We assess ArcBest's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ArcBest has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ArcBest's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.56%
Current annual income from ArcBest dividends. Estimated to be 1.61% next year.
If you bought $2,000 of ArcBest shares you are expected to receive $31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ArcBest's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • ArcBest's dividend is below the markets top 25% of dividend payers in United States of America (5.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ARCB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Transportation Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ARCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.36 2.00
2021-12-31 0.33 4.00
2020-12-31 0.32 4.00
2020-04-08
NasdaqGS:ARCB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-28 0.320 1.552
2019-10-29 0.320 1.132
2019-07-26 0.320 1.087
2019-04-30 0.320 1.179
2019-01-25 0.320 0.930
2018-10-30 0.320 0.851
2018-07-27 0.320 0.714
2018-05-01 0.320 0.717
2018-01-26 0.320 0.951
2017-10-31 0.320 0.901
2017-07-25 0.320 1.110
2017-05-02 0.320 1.588
2017-01-31 0.320 1.153
2016-11-01 0.320 1.111
2016-07-28 0.320 1.697
2016-04-26 0.320 1.871
2016-01-27 0.320 1.540
2015-10-22 0.320 1.437
2015-07-28 0.240 0.831
2015-05-01 0.240 0.715
2015-01-22 0.240 0.614
2014-10-24 0.240 0.564
2014-07-24 0.120 0.337
2014-04-23 0.120 0.288
2014-01-23 0.120 0.346
2013-10-25 0.120 0.374
2013-07-25 0.120 0.490
2013-04-23 0.120 0.682
2013-01-24 0.120 1.066
2012-10-23 0.120 1.390
2012-07-20 0.120 1.329
2012-04-24 0.120 0.936
2012-01-25 0.120 0.643
2011-10-26 0.120 0.614
2011-07-22 0.120 0.622
2011-04-21 0.120 0.505
2011-01-26 0.120 0.482
2010-10-26 0.120 0.459
2010-07-23 0.120 0.529
2010-04-22 0.120 0.508
2010-01-28 0.120 0.444
2009-11-04 0.600 2.215
2009-10-21 0.600 2.299
2009-04-21 0.600 2.144

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ArcBest's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.8x coverage).
X
Income/ dividend checks
We assess ArcBest's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ArcBest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ArcBest has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ArcBest's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Judy McReynolds
COMPENSATION $2,423,714
AGE 56
TENURE AS CEO 10.3 years
CEO Bio

Ms. Judy R. McReynolds serves as the President and Chief Executive Officer of ArcBest Corporation since January 1, 2010 and as its Chairman of the Board since April 26, 2016. Ms. McReynolds joined ArcBest Corporation as Director of Corporate Accounting in June 1997 and served as its Controller from July 1998 to December 1999; Vice President from January 2000 to February 1, 2006; Chief Financial Officer, Senior Vice President and Treasurer from February 1, 2006 to December 2009; as Controller from July 1998 to December 1999; and served as its Principal Accounting Officer. She served as the Chief Financial Officer and Treasurer at ABF Freight System, Inc. From December 1990 to June 1995, she served as a Senior Manager at Ernst & Young LLP. She has been a Director of OGE Energy Corp., since July 26, 2011 and ArcBest Corporation since January 1, 2010. She serves as a Director of First National Bank of Fort Smith. She serves as a Director of Oklahoma Gas and Electric Company. Ms. McReynolds serves as a Director of the Westark Area Council of the Boy Scouts of America, the University of Arkansas Fort Smith Foundation Board, the Dean's Executive Advisory Board of the Sam M. Walton College of Business at the University of Arkansas, the Arkansas Business Hall of Fame Board and Selection Committee and the American Transportation Research Institute Board. She served as Director of Fort Smith HMA, LLC until February 13, 2017. She also is a member of the American Trucking Association Board of Directors and the American Trucking Association Executive Committee. From June 1995 to May 1997, Ms. McReynolds served as Director of Financial Reporting and Taxation at P.A.M. Transportation Services, Inc. She is a Certified Public Accountant. She holds a Bachelor’s Degree in Accounting from the University of Oklahoma.

CEO Compensation
  • Judy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Judy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ArcBest management team in years:

5.5
Average Tenure
54.5
Average Age
  • The average tenure for the ArcBest management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Judy McReynolds

TITLE
Chairman
COMPENSATION
$2M
AGE
56
TENURE
10.3 yrs

David Cobb

TITLE
VP & CFO
COMPENSATION
$1M
AGE
53
TENURE
5.3 yrs

Michael Newcity

TITLE
Senior VP & Chief Innovation Officer
COMPENSATION
$949K
AGE
49
TENURE
9.8 yrs

Tim Thorne

TITLE
President of ABF Freight
COMPENSATION
$1M
AGE
57
TENURE
5.5 yrs

Jim Ingram

TITLE
Chief Operating Officer of Asset-Light Logistics
COMPENSATION
$955K
AGE
52
TENURE
12.3 yrs

Traci Sowersby

TITLE
VP, Controller & Chief Accounting Officer
AGE
49
TENURE
5 yrs

R. Humphrey

TITLE
Vice President of Investor Relations
AGE
60

Michael Johns

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$798K
AGE
60
TENURE
13 yrs

James Darter

TITLE
Chief Sales Officer
AGE
64
TENURE
3.3 yrs

Erin Gattis

TITLE
Chief Human Resources Officer
AGE
45
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the ArcBest board of directors in years:

4.4
Average Tenure
59
Average Age
  • The tenure for the ArcBest board of directors is about average.
Board of Directors

Judy McReynolds

TITLE
Chairman
COMPENSATION
$2M
AGE
56
TENURE
4 yrs

Janice Stipp

TITLE
Independent Director
COMPENSATION
$208K
AGE
59
TENURE
7.5 yrs

Kathy McElligott

TITLE
Independent Director
COMPENSATION
$198K
AGE
63
TENURE
4.8 yrs

Steve Gorman

TITLE
Independent Director
COMPENSATION
$203K
AGE
63
TENURE
4.8 yrs

Steve Spinner

TITLE
Lead Independent Director
COMPENSATION
$213K
AGE
59
TENURE
4 yrs

William Legg

TITLE
Independent Director
COMPENSATION
$188K
AGE
74
TENURE
18 yrs

Craig Philip

TITLE
Independent Director
COMPENSATION
$188K
AGE
66
TENURE
8.7 yrs

Mike Hogan

TITLE
Independent Director
COMPENSATION
$188K
AGE
57
TENURE
3.5 yrs

Eduardo Conrado

TITLE
Independent Director
COMPENSATION
$188K
AGE
52
TENURE
3.4 yrs

Fredrik Eliasson

TITLE
Independent Director
COMPENSATION
$7K
AGE
48
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ArcBest's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ArcBest has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

ArcBest Corporation (NASDAQ:ARCB) Has A ROE Of 11%

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ArcBest: 11% = US$85m ÷ US$743m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Is ArcBest Corporation (NASDAQ:ARCB) Worth US$29.11 Based On Its Intrinsic Value?

We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $84.5m $64.7m $54.6m $49.1m $46.1m $44.4m $43.7m $43.5m $43.8m $44.3m Growth Rate Estimate Source Analyst x2 Est @ -23.41% Est @ -15.57% Est @ -10.08% Est @ -6.24% Est @ -3.55% Est @ -1.66% Est @ -0.35% Est @ 0.58% Est @ 1.22% Present Value ($, Millions) Discounted @ 9.93% $76.9 $53.6 $41.1 $33.6 $28.7 $25.2 $22.5 $20.4 $18.7 $17.2 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $337.9m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … NasdaqGS:ARCB Intrinsic value, August 23rd 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Why You Might Be Interested In ArcBest Corporation (NASDAQ:ARCB) For Its Upcoming Dividend

ArcBest's next dividend payment will be US$0.08 per share, and in the last 12 months, the company paid a total of US$0.32 per share. … Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. … With earnings per share growing rapidly and the company sensibly reinvesting almost all of its profits within the business, ArcBest looks like a promising growth company.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And ArcBest (NASDAQ:ARCB) Passed With Ease

Check out our latest analysis for ArcBest ArcBest's Earnings Per Share Are Growing. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). … ArcBest's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps.

Simply Wall St -

If You Had Bought ArcBest (NASDAQ:ARCB) Stock Three Years Ago, You Could Pocket A 50% Gain Today

While ArcBest Corporation (NASDAQ:ARCB) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 20% in the last quarter. … During three years of share price growth, ArcBest achieved compound earnings per share growth of 19% per year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

Simply Wall St -

Does ArcBest Corporation's (NASDAQ:ARCB) CEO Pay Compare Well With Peers?

See our latest analysis for ArcBest How Does Judy McReynolds's Compensation Compare With Similar Sized Companies? … It would therefore appear that ArcBest Corporation pays Judy McReynolds more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount ArcBest Corporation pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Does ArcBest Corporation's (NASDAQ:ARCB) P/E Ratio Signal A Buying Opportunity?

View our latest analysis for ArcBest How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for ArcBest: P/E of 11.04 = $26.71 ÷ $2.42 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A Limitation: P/E Ratios Ignore Debt and Cash In The Bank It's important to note that the P/E ratio considers the market capitalization, not the enterprise value.

Simply Wall St -

Why I Like ArcBest Corporation (NASDAQ:ARCB)

In the case of ArcBest Corporation (NASDAQ:ARCB), there's is a company that has been able to sustain great financial health, trading at an attractive share price. … Good value with adequate balance sheet ARCB's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … This implies that ARCB manages its cash and cost levels well, which is a crucial insight into the health of the company.

Simply Wall St -

Should ArcBest Corporation (NASDAQ:ARCB) Focus On Improving This Fundamental Metric?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ArcBest: 8.6% = US$62m ÷ US$722m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does ArcBest Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry.

Simply Wall St -

Has ArcBest Corporation (NASDAQ:ARCB) Been Employing Capital Shrewdly?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for ArcBest: 0.11 = US$122m ÷ (US$1.6b - US$432m) (Based on the trailing twelve months to March 2019.) Therefore, ArcBest has an ROCE of 11%. … How ArcBest's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Company Info

Description

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to ‘do-it-yourself’ consumer and corporate account employee relocations, as well as provides final mile, time critical, product launch, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside assistance and maintenance management services for commercial vehicles through third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.

Details
Name: ArcBest Corporation
ARCB
Exchange: NasdaqGS
Founded: 1923
$486,192,025
25,335,697
Website: http://www.arcb.com
Address: ArcBest Corporation
8401 McClure Drive,
Fort Smith,
Arkansas, 72916,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ARCB Common Stock Nasdaq Global Select US USD 13. May 1992
DB AQY Common Stock Deutsche Boerse AG DE EUR 13. May 1992
Number of employees
Current staff
Staff numbers
13,000
ArcBest employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 23:32
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.