AIR T INC (AIRT)
US0092071010 - Common Stock
AIRT gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 17 industry peers in the Air Freight & Logistics industry. The financial health of AIRT is average, but there are quite some concerns on its profitability. AIRT does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
AIRT had negative earnings in the past year.
AIRT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AIRT reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: AIRT reported negative operating cash flow in multiple years.
1.2 Ratios
AIRT has a Return On Assets of -8.70%. This is in the lower half of the industry: AIRT underperforms 76.47% of its industry peers.
Looking at the Return On Equity, with a value of -205.35%, AIRT is doing worse than 82.35% of the companies in the same industry.
With a Return On Invested Capital value of 0.20%, AIRT is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.7% | ||
| ROE | -205.35% | ||
| ROIC | 0.2% |
ROA(3y)-2.14%
ROA(5y)-0.04%
ROE(3y)-37.45%
ROE(5y)-14.99%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AIRT's Operating Margin of 0.09% is on the low side compared to the rest of the industry. AIRT is outperformed by 70.59% of its industry peers.
In the last couple of years the Operating Margin of AIRT has declined.
AIRT has a Gross Margin (18.95%) which is in line with its industry peers.
AIRT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.09% | ||
| PM (TTM) | N/A | ||
| GM | 18.95% |
OM growth 3Y-23.6%
OM growth 5Y-9.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.25%
GM growth 5Y1.18%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIRT is destroying value.
Compared to 1 year ago, AIRT has less shares outstanding
AIRT has less shares outstanding than it did 5 years ago.
AIRT has a worse debt/assets ratio than last year.
2.2 Solvency
AIRT has an Altman-Z score of 2.47. This is not the best score and indicates that AIRT is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.47, AIRT perfoms like the industry average, outperforming 52.94% of the companies in the same industry.
The Debt to FCF ratio of AIRT is 2.34, which is a good value as it means it would take AIRT, 2.34 years of fcf income to pay off all of its debts.
AIRT's Debt to FCF ratio of 2.34 is fine compared to the rest of the industry. AIRT outperforms 76.47% of its industry peers.
A Debt/Equity ratio of 12.10 is on the high side and indicates that AIRT has dependencies on debt financing.
With a Debt to Equity ratio value of 12.10, AIRT is not doing good in the industry: 94.12% of the companies in the same industry are doing better.
Even though the debt/equity ratio score it not favorable for AIRT, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.1 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.03
WACC7.4%
2.3 Liquidity
A Current Ratio of 1.99 indicates that AIRT should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.99, AIRT belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
AIRT has a Quick Ratio of 1.99. This is a bad value and indicates that AIRT is not financially healthy enough and could expect problems in meeting its short term obligations.
AIRT has a worse Quick ratio (0.79) than 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
AIRT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1455.58%.
AIRT shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.59%.
Measured over the past years, AIRT shows a small growth in Revenue. The Revenue has been growing by 4.92% on average per year.
EPS 1Y (TTM)-1455.58%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-402.68%
Revenue 1Y (TTM)28.59%
Revenue growth 3Y1.46%
Revenue growth 5Y4.92%
Revenue growth Q2Q3.84%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AIRT. In the last year negative earnings were reported.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AIRT.
Based on the Price/Free Cash Flow ratio, AIRT is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.74 | ||
| EV/EBITDA | 48.41 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for AIRT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AIR T INC
NASDAQ:AIRT (5/2/2024, 7:00:00 PM)
26.54
-0.16 (-0.6%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap74.84M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.7% | ||
| ROE | -205.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.09% | ||
| PM (TTM) | N/A | ||
| GM | 18.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.99 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-1455.58%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)28.59%
Revenue growth 3Y1.46%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y