CSX Corporation
Find Ratings ReportsCSX CORP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. CSX CORP has weak liquidity. Currently, the Quick Ratio is 0.88 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.86% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 3680.0 | 3730.0 |
EBITDA ($mil) | 1729.0 | 1798.0 |
EBIT ($mil) | 1312.0 | 1405.0 |
Net Income ($mil) | 886.0 | 1018.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1436.0 | 2087.0 |
Total Assets ($mil) | 42408.0 | 41912.0 |
Total Debt ($mil) | 19092.0 | 18604.0 |
Equity ($mil) | 12128.0 | 12615.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 46.98 | 48.2 |
EBITDA Margin | 46.98 | 48.2 |
Operating Margin | 35.65 | 37.67 |
Sales Turnover | 0.35 | 0.35 |
Return on Assets | 8.76 | 9.93 |
Return on Equity | 30.63 | 33.02 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.05 | 1.56 |
Debt/Capital | 0.61 | 0.6 |
Interest Expense | 204.0 | 199.0 |
Interest Coverage | 6.43 | 7.06 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1958.76 | 2066.37 |
Div / share | 0.11 | 0.1 |
EPS | 0.45 | 0.49 |
Book value / share | 6.19 | 6.1 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.1368838E7 | 1.3117191E7 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 22.11 for the Rail Transportation subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 5.98 indicates a premium versus the S&P 500 average of 4.68 and a discount versus the subsector average of 6.10. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, CSX CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CSX 20.13 | Peers 22.11 | CSX 13.07 | Peers 16.49 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. CSX is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CSX is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CSX 16.83 | Peers 17.68 | CSX 3.11 | Peers 2.96 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. CSX is trading at a valuation on par with its peers. |
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CSX trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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CSX 5.98 | Peers 6.10 | CSX -5.16 | Peers -3.70 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CSX is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CSX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CSX 4.95 | Peers 5.67 | CSX -1.32 | Peers 5.81 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CSX is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CSX significantly trails its peers on the basis of sales growth. |
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