ArcBest Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF off a normalized mid-cycle FCF base of $150M (TTM net income of only $16.3M reflects a freight-recession trough, well below ArcBest's historical ~5% operating margin on $4.2B revenue); growth 15% yr1 tapering to 3% by yr10 as freight volumes recover; 10% discount rate; 2.5% terminal growth; $291.3M net debt; 22.35M shares outstanding.

Reasoning: ArcBest's LTL trucking/logistics earnings are highly cyclical; TTM GAAP earnings are depressed by the 2024-2026 freight recession, so a normalized mid-cycle FCF base with a multi-year recovery path is used rather than trailing FCF.