AIR TRANSPORT SERVICES GROUP (ATSG)
US00922R1059 - Common Stock
Taking everything into account, ATSG scores 3 out of 10 in our fundamental rating. ATSG was compared to 17 industry peers in the Air Freight & Logistics industry. While ATSG is still in line with the averages on profitability rating, there are concerns on its financial health. ATSG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ATSG had positive earnings in the past year.
In the past year ATSG had a positive cash flow from operations.
In the past 5 years ATSG has always been profitable.
In the past 5 years ATSG always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.55%, ATSG is doing worse than 64.71% of the companies in the same industry.
The Return On Equity of ATSG (4.41%) is worse than 64.71% of its industry peers.
ATSG's Return On Invested Capital of 4.20% is in line compared to the rest of the industry. ATSG outperforms 47.06% of its industry peers.
ATSG had an Average Return On Invested Capital over the past 3 years of 5.25%. This is below the industry average of 7.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.55% | ||
| ROE | 4.41% | ||
| ROIC | 4.2% |
ROA(3y)4.72%
ROA(5y)3.48%
ROE(3y)11.99%
ROE(5y)10.6%
ROIC(3y)5.25%
ROIC(5y)5.24%
1.3 Margins
ATSG's Profit Margin of 2.91% is fine compared to the rest of the industry. ATSG outperforms 64.71% of its industry peers.
In the last couple of years the Profit Margin of ATSG has declined.
ATSG has a Operating Margin of 9.65%. This is amongst the best in the industry. ATSG outperforms 82.35% of its industry peers.
ATSG's Operating Margin has declined in the last couple of years.
ATSG's Gross Margin of 52.58% is amongst the best of the industry. ATSG outperforms 82.35% of its industry peers.
ATSG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.65% | ||
| PM (TTM) | 2.91% | ||
| GM | 52.58% |
OM growth 3Y-8.55%
OM growth 5Y-4.95%
PM growth 3Y12.54%
PM growth 5Y-17.81%
GM growth 3Y-2.5%
GM growth 5Y-3.01%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ATSG is destroying value.
ATSG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ATSG has more shares outstanding
Compared to 1 year ago, ATSG has a worse debt to assets ratio.
2.2 Solvency
ATSG has an Altman-Z score of 1.10. This is a bad value and indicates that ATSG is not financially healthy and even has some risk of bankruptcy.
ATSG has a Altman-Z score of 1.10. This is in the lower half of the industry: ATSG underperforms 70.59% of its industry peers.
ATSG has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.25, ATSG is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.1 |
ROIC/WACC0.71
WACC5.95%
2.3 Liquidity
A Current Ratio of 0.86 indicates that ATSG may have some problems paying its short term obligations.
ATSG's Current ratio of 0.86 is on the low side compared to the rest of the industry. ATSG is outperformed by 88.24% of its industry peers.
ATSG has a Quick Ratio of 0.86. This is a bad value and indicates that ATSG is not financially healthy enough and could expect problems in meeting its short term obligations.
ATSG has a worse Quick ratio (0.74) than 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
ATSG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.28%.
ATSG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.92% yearly.
Looking at the last year, ATSG shows a small growth in Revenue. The Revenue has grown by 1.23% in the last year.
Measured over the past years, ATSG shows a quite strong growth in Revenue. The Revenue has been growing by 18.34% on average per year.
EPS 1Y (TTM)-37.28%
EPS 3Y-5.97%
EPS 5Y1.92%
EPS growth Q2Q-66.04%
Revenue 1Y (TTM)1.23%
Revenue growth 3Y9.65%
Revenue growth 5Y18.34%
Revenue growth Q2Q-3%
3.2 Future
The Earnings Per Share is expected to grow by 8.89% on average over the next years. This is quite good.
ATSG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.02% yearly.
EPS Next Y-49.83%
EPS Next 2Y-14.05%
EPS Next 3Y8.89%
EPS Next 5YN/A
Revenue Next Year-2.5%
Revenue Next 2Y-0.45%
Revenue Next 3Y2.14%
Revenue Next 5Y4.02%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.84, which indicates a very decent valuation of ATSG.
Compared to the rest of the industry, the Price/Earnings ratio of ATSG indicates a rather cheap valuation: ATSG is cheaper than 94.12% of the companies listed in the same industry.
ATSG is valuated cheaply when we compare the Price/Earnings ratio to 24.76, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 17.62, the valuation of ATSG can be described as rather expensive.
Based on the Price/Forward Earnings ratio, ATSG is valued a bit cheaper than 64.71% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ATSG to the average of the S&P500 Index (21.26), we can say ATSG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.84 | ||
| Fwd PE | 17.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ATSG is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.5 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.59
EPS Next 2Y-14.05%
EPS Next 3Y8.89%
5. Dividend
5.1 Amount
No dividends for ATSG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AIR TRANSPORT SERVICES GROUP
NASDAQ:ATSG (4/19/2024, 7:00:00 PM)
After market: 12.64 0 (0%)12.64
+0.03 (+0.24%)
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 Cap830.20M
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)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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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 | 8.84 | ||
| Fwd PE | 17.62 | ||
| 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)4.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.55% | ||
| ROE | 4.41% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.65% | ||
| PM (TTM) | 2.91% | ||
| GM | 52.58% | ||
| 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 Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.74 | ||
| 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)-37.28%
EPS 3Y-5.97%
EPS 5Y
EPS growth Q2Q
EPS Next Y-49.83%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.23%
Revenue growth 3Y9.65%
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