NORFOLK SOUTHERN CORPORATION Financials Norfolk Southern Corporation BOERSE MUENCHEN
Equities
NFS
US6558441084
Ground Freight & Logistics
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 200 EUR | +2.04% |
|
-4.76% | -6.32% |
| 06-27 | NTSB sanctions Boeing over release of 737 MAX investigation details | RE |
| 06-26 | Global markets live: Bayer, FedEx, Nvidia, KKR, Verizon... |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 50,619 | 60,349 | 72,446 | 59,965 | 53,361 | 48,501 | - | - |
| Enterprise Value (EV) 1 | 62,235 | 71,915 | 85,447 | 74,591 | 68,972 | 65,563 | 65,641 | 65,349 |
| P/E ratio | 18.9 x | 30.3 x | 24.6 x | 17.8 x | 29.5 x | 22.2 x | 15.4 x | 13.8 x |
| Yield | 1.85% | 1.58% | 1.4% | 2.01% | - | 2.54% | 2.72% | 3.03% |
| Capitalization / Revenue | 4.48 x | 6.17 x | 6.5 x | 4.7 x | 4.39 x | 3.91 x | 3.72 x | 3.56 x |
| EV / Revenue | 5.51 x | 7.35 x | 7.67 x | 5.85 x | 5.67 x | 5.29 x | 5.04 x | 4.79 x |
| EV / EBITDA | 12.1 x | 15.5 x | 15.2 x | 12.4 x | 13.1 x | 11.8 x | 10.7 x | 9.87 x |
| EV / FCF | 33.2 x | 33.6 x | 30.7 x | 32.8 x | 83.1 x | 44.3 x | 26.9 x | 23.6 x |
| FCF Yield | 3.01% | 2.98% | 3.26% | 3.05% | 1.2% | 2.26% | 3.72% | 4.23% |
| Price to Book | 3.3 x | 4.12 x | 5.24 x | 4.41 x | 4.21 x | 3.54 x | 3.37 x | 3.28 x |
| Nbr of stocks (in thousands) | 260,747 | 253,985 | 243,345 | 243,345 | 225,742 | 225,914 | - | - |
| Reference price 2 | 194.1 | 237.6 | 297.7 | 246.4 | 236.4 | 214.7 | 214.7 | 214.7 |
| Announcement Date | 29/01/20 | 27/01/21 | 26/01/22 | 25/01/23 | 26/01/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,296 | 9,789 | 11,142 | 12,745 | 12,156 | 12,405 | 13,030 | 13,630 |
| EBITDA 1 | 5,159 | 4,640 | 5,628 | 6,030 | 5,265 | 5,540 | 6,127 | 6,624 |
| EBIT 1 | 4,021 | 3,486 | 4,447 | 4,809 | 3,967 | 4,162 | 4,719 | 5,179 |
| Operating Margin | 35.6% | 35.61% | 39.91% | 37.73% | 32.63% | 33.55% | 36.22% | 38% |
| Earnings before Tax (EBT) 1 | 3,491 | 2,530 | 3,878 | 4,130 | 2,320 | 2,783 | 3,982 | 4,372 |
| Net income 1 | 2,722 | 2,013 | 3,005 | 3,270 | 1,827 | 2,209 | 3,080 | 3,421 |
| Net margin | 24.1% | 20.56% | 26.97% | 25.66% | 15.03% | 17.81% | 23.63% | 25.1% |
| EPS 2 | 10.25 | 7.840 | 12.11 | 13.88 | 8.020 | 9.653 | 13.92 | 15.61 |
| Free Cash Flow 1 | 1,873 | 2,143 | 2,785 | 2,274 | 830 | 1,480 | 2,439 | 2,764 |
| FCF margin | 16.58% | 21.89% | 25% | 17.84% | 6.83% | 11.93% | 18.72% | 20.28% |
| FCF Conversion (EBITDA) | 36.31% | 46.19% | 49.48% | 37.71% | 15.76% | 26.71% | 39.82% | 41.74% |
| FCF Conversion (Net income) | 68.81% | 106.46% | 92.68% | 69.54% | 45.43% | 66.99% | 79.21% | 80.81% |
| Dividend per Share 2 | 3.600 | 3.760 | 4.160 | 4.960 | - | 5.446 | 5.832 | 6.504 |
| Announcement Date | 29/01/20 | 27/01/21 | 26/01/22 | 25/01/23 | 26/01/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,852 | 2,900 | 3,250 | 3,343 | 3,237 | 3,132 | 2,980 | 2,971 | 3,073 | 3,004 | 3,061 | 3,126 | 3,198 | 3,157 | 3,215 |
| EBITDA 1 | 1,427 | 1,387 | 1,575 | 1,578 | 1,490 | 1,419 | 1,313 | 1,245 | 1,288 | 1,241 | 1,375 | 1,441 | 1,477 | 1,425 | 1,536 |
| EBIT 1 | 1,129 | 1,100 | 1,271 | 1,272 | 1,181 | 1,098 | 992 | 919 | 958 | 904 | 1,025 | 1,090 | 1,126 | 1,070 | 1,164 |
| Operating Margin | 39.59% | 37.93% | 39.11% | 38.05% | 36.48% | 35.06% | 33.29% | 30.93% | 31.17% | 30.09% | 33.49% | 34.87% | 35.22% | 33.89% | 36.21% |
| Earnings before Tax (EBT) 1 | 985 | 912 | 1,087 | 1,093 | 1,038 | 592 | 463 | 614 | 651 | - | 859.9 | 929.3 | 945.6 | 891.1 | 978.9 |
| Net income 1 | 760 | 703 | 819 | 958 | 790 | 466 | 356 | 478 | 527 | 53 | 660 | 710.3 | 727.9 | 690.1 | 762.6 |
| Net margin | 26.65% | 24.24% | 25.2% | 28.66% | 24.41% | 14.88% | 11.95% | 16.09% | 17.15% | 1.76% | 21.56% | 22.73% | 22.76% | 21.86% | 23.72% |
| EPS 2 | 3.120 | 2.930 | 3.450 | 4.100 | 3.420 | 2.040 | 1.560 | 2.100 | 2.320 | 0.2300 | 2.920 | 3.156 | 3.276 | 3.055 | 3.407 |
| Dividend per Share 2 | 1.090 | 1.240 | 1.240 | 1.240 | 1.240 | 1.350 | 1.350 | - | - | 1.350 | 1.353 | 1.385 | 1.385 | 1.645 | 1.645 |
| Announcement Date | 26/01/22 | 27/04/22 | 27/07/22 | 26/10/22 | 25/01/23 | 26/04/23 | 27/07/23 | 25/10/23 | 26/01/24 | 24/04/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,616 | 11,566 | 13,001 | 14,626 | 15,611 | 17,062 | 17,139 | 16,848 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.252 x | 2.493 x | 2.31 x | 2.426 x | 2.965 x | 3.079 x | 2.797 x | 2.543 x |
| Free Cash Flow 1 | 1,873 | 2,143 | 2,785 | 2,274 | 830 | 1,480 | 2,439 | 2,764 |
| ROE (net income / shareholders' equity) | 17.8% | 15.8% | 21.1% | 24.8% | 20.9% | 19.9% | 22.6% | 25.7% |
| ROA (Net income/ Total Assets) | 7.34% | 6.26% | 7.86% | 8.45% | 6.63% | 5.89% | 7.04% | 7.6% |
| Assets 1 | 37,079 | 32,159 | 38,228 | 38,689 | 27,558 | 37,527 | 43,729 | 45,012 |
| Book Value Per Share 2 | 58.90 | 57.60 | 56.80 | 55.80 | 56.20 | 60.70 | 63.60 | 65.50 |
| Cash Flow per Share 2 | 14.70 | 14.20 | 17.20 | 17.90 | 14.00 | 17.80 | 19.30 | 22.70 |
| Capex 1 | 2,019 | 1,494 | 1,470 | 1,948 | 2,349 | 3,380 | 2,180 | 2,207 |
| Capex / Sales | 17.87% | 15.26% | 13.19% | 15.28% | 19.32% | 27.24% | 16.73% | 16.19% |
| Announcement Date | 29/01/20 | 27/01/21 | 26/01/22 | 25/01/23 | 26/01/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
214.7
USD
Average target price
270
USD
Spread / Average Target
+25.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.88% | 138B | |
| -0.69% | 17.31B | |
| -4.03% | 8.77B | |
| +21.26% | 7.62B | |
| -10.86% | 1.98B | |
| +26.22% | 1.85B | |
| -1.32% | 1.07B | |
| -74.49% | 1.04B | |
| +121.85% | 878M |
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- Financials Norfolk Southern Corporation
