MARTEN TRANSPORT LTD (MRTN) Stock Fundamental Analysis
USA - NASDAQ:MRTN - US5730751089 - Common Stock
9.8 USD
-0.21 (-2.1%)
9.8 USD
0 (0%)
Overall MRTN gets a fundamental rating of 4 out of 10. We evaluated MRTN against 43 industry peers in the Ground Transportation industry. While MRTN has a great health rating, its profitability is only average at the moment. MRTN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year MRTN was profitable.
In the past year MRTN had a positive cash flow from operations.
In the past 5 years MRTN has always been profitable.
In the past 5 years MRTN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MRTN (2.11%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 2.71%, MRTN is in line with its industry, outperforming 48.84% of the companies in the same industry.
With a Return On Invested Capital value of 1.57%, MRTN perfoms like the industry average, outperforming 46.51% of the companies in the same industry.
MRTN had an Average Return On Invested Capital over the past 3 years of 6.79%. This is in line with the industry average of 7.65%.
The 3 year average ROIC (6.79%) for MRTN is well above the current ROIC(1.57%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 2.71% | ||
| ROIC | 1.57% |
ROA(3y)7.11%
ROA(5y)7.9%
ROE(3y)9.49%
ROE(5y)10.56%
ROIC(3y)6.79%
ROIC(5y)7.57%
1.3 Margins
MRTN has a Profit Margin (2.27%) which is in line with its industry peers.
In the last couple of years the Profit Margin of MRTN has declined.
MRTN has a Operating Margin of 2.01%. This is comparable to the rest of the industry: MRTN outperforms 44.19% of its industry peers.
In the last couple of years the Operating Margin of MRTN has declined.
MRTN has a Gross Margin of 32.33%. This is comparable to the rest of the industry: MRTN outperforms 41.86% of its industry peers.
MRTN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.01% | ||
| PM (TTM) | 2.27% | ||
| GM | 32.33% |
OM growth 3Y-33.12%
OM growth 5Y-18.27%
PM growth 3Y-31.71%
PM growth 5Y-17.35%
GM growth 3Y-2.3%
GM growth 5Y-1.52%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MRTN is destroying value.
The number of shares outstanding for MRTN remains at a similar level compared to 1 year ago.
MRTN has less shares outstanding than it did 5 years ago.
There is no outstanding debt for MRTN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
MRTN has an Altman-Z score of 4.22. This indicates that MRTN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MRTN (4.22) is better than 83.72% of its industry peers.
There is no outstanding debt for MRTN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.22 |
ROIC/WACC0.17
WACC9.42%
2.3 Liquidity
MRTN has a Current Ratio of 1.34. This is a normal value and indicates that MRTN is financially healthy and should not expect problems in meeting its short term obligations.
MRTN has a Current ratio of 1.34. This is in the better half of the industry: MRTN outperforms 65.12% of its industry peers.
A Quick Ratio of 1.34 indicates that MRTN should not have too much problems paying its short term obligations.
MRTN's Quick ratio of 1.34 is fine compared to the rest of the industry. MRTN outperforms 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for MRTN have decreased strongly by -42.86% in the last year.
MRTN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.56% yearly.
MRTN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.83%.
The Revenue has been growing slightly by 2.71% on average over the past years.
EPS 1Y (TTM)-42.86%
EPS 3Y-31.11%
EPS 5Y-14.56%
EPS Q2Q%-40%
Revenue 1Y (TTM)-14.83%
Revenue growth 3Y-0.34%
Revenue growth 5Y2.71%
Sales Q2Q%-7.12%
3.2 Future
MRTN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.92% yearly.
Based on estimates for the next years, MRTN will show a decrease in Revenue. The Revenue will decrease by -0.78% on average per year.
EPS Next Y-19%
EPS Next 2Y12.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.76%
Revenue Next 2Y-0.78%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 40.83 indicates a quite expensive valuation of MRTN.
MRTN's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 25.67. MRTN is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 22.61 indicates a rather expensive valuation of MRTN.
MRTN's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MRTN to the average of the S&P500 Index (31.86), we can say MRTN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.83 | ||
| Fwd PE | 22.61 |
4.2 Price Multiples
90.70% of the companies in the same industry are more expensive than MRTN, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.67 |
4.3 Compensation for Growth
MRTN's earnings are expected to grow with 12.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.92%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.44%, MRTN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.69, MRTN pays a better dividend. On top of this MRTN pays more dividend than 93.02% of the companies listed in the same industry.
MRTN's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
5.2 History
The dividend of MRTN decreases each year by -14.12%.
MRTN has been paying a dividend for at least 10 years, so it has a reliable track record.
MRTN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-14.12%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
93.53% of the earnings are spent on dividend by MRTN. This is not a sustainable payout ratio.
DP93.53%
EPS Next 2Y12.92%
EPS Next 3YN/A
9.8
-0.21 (-2.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners71.47%
Inst Owner Change0.23%
Ins Owners22.6%
Ins Owner Change0.37%
Market Cap798.90M
Revenue(TTM)963.71M
Net Income(TTM)20.91M
Analysts45.71
Price Target11.22 (14.49%)
Short Float %2.61%
Short Ratio2.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
Yearly Dividend0.24
Dividend Growth(5Y)-14.12%
DP93.53%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.96%
Min EPS beat(2)-1.96%
Max EPS beat(2)5.89%
EPS beat(4)2
Avg EPS beat(4)-1.07%
Min EPS beat(4)-22.6%
Max EPS beat(4)14.38%
EPS beat(8)2
Avg EPS beat(8)-6.17%
EPS beat(12)3
Avg EPS beat(12)-5.19%
EPS beat(16)6
Avg EPS beat(16)-0.32%
Revenue beat(2)0
Avg Revenue beat(2)-2.58%
Min Revenue beat(2)-3.61%
Max Revenue beat(2)-1.55%
Revenue beat(4)0
Avg Revenue beat(4)-2.97%
Min Revenue beat(4)-3.61%
Max Revenue beat(4)-1.55%
Revenue beat(8)0
Avg Revenue beat(8)-3.42%
Revenue beat(12)0
Avg Revenue beat(12)-3.51%
Revenue beat(16)3
Avg Revenue beat(16)-1.14%
PT rev (1m)-21.43%
PT rev (3m)-29.03%
EPS NQ rev (1m)-9.09%
EPS NQ rev (3m)-34.79%
EPS NY rev (1m)-10%
EPS NY rev (3m)-15.62%
Revenue NQ rev (1m)-1.34%
Revenue NQ rev (3m)-1.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.83 | ||
| Fwd PE | 22.61 | ||
| P/S | 0.87 | ||
| P/FCF | N/A | ||
| P/OCF | 6.51 | ||
| P/B | 1.04 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 5.67 |
EPS(TTM)0.24
EY2.45%
EPS(NY)0.43
Fwd EY4.42%
FCF(TTM)-1.11
FCFYN/A
OCF(TTM)1.5
OCFY15.35%
SpS11.3
BVpS9.45
TBVpS9.45
PEG (NY)N/A
PEG (5Y)N/A
Graham Number7.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 2.71% | ||
| ROCE | 2.11% | ||
| ROIC | 1.57% | ||
| ROICexc | 1.64% | ||
| ROICexgc | 1.64% | ||
| OM | 2.01% | ||
| PM (TTM) | 2.27% | ||
| GM | 32.33% | ||
| FCFM | N/A |
ROA(3y)7.11%
ROA(5y)7.9%
ROE(3y)9.49%
ROE(5y)10.56%
ROIC(3y)6.79%
ROIC(5y)7.57%
ROICexc(3y)7.36%
ROICexc(5y)8.21%
ROICexgc(3y)7.36%
ROICexgc(5y)8.21%
ROCE(3y)9.12%
ROCE(5y)10.16%
ROICexgc growth 3Y-37.13%
ROICexgc growth 5Y-19.67%
ROICexc growth 3Y-37.13%
ROICexc growth 5Y-19.67%
OM growth 3Y-33.12%
OM growth 5Y-18.27%
PM growth 3Y-31.71%
PM growth 5Y-17.35%
GM growth 3Y-2.3%
GM growth 5Y-1.52%
F-Score5
Asset Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 183.56% | ||
| Cap/Sales | 23.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 4.22 |
F-Score5
WACC9.42%
ROIC/WACC0.17
Cap/Depr(3y)180.36%
Cap/Depr(5y)176.4%
Cap/Sales(3y)19.81%
Cap/Sales(5y)19.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.86%
EPS 3Y-31.11%
EPS 5Y-14.56%
EPS Q2Q%-40%
EPS Next Y-19%
EPS Next 2Y12.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.83%
Revenue growth 3Y-0.34%
Revenue growth 5Y2.71%
Sales Q2Q%-7.12%
Revenue Next Year-4.76%
Revenue Next 2Y-0.78%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-60.34%
EBIT growth 3Y-33.35%
EBIT growth 5Y-16.06%
EBIT Next Year349.04%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-324.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-44%
OCF growth 3Y-7.66%
OCF growth 5Y-2.94%
MARTEN TRANSPORT LTD / MRTN FAQ
Can you provide the ChartMill fundamental rating for MARTEN TRANSPORT LTD?
ChartMill assigns a fundamental rating of 4 / 10 to MRTN.
What is the valuation status of MARTEN TRANSPORT LTD (MRTN) stock?
ChartMill assigns a valuation rating of 2 / 10 to MARTEN TRANSPORT LTD (MRTN). This can be considered as Overvalued.
What is the profitability of MRTN stock?
MARTEN TRANSPORT LTD (MRTN) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for MRTN stock?
The Price/Earnings (PE) ratio for MARTEN TRANSPORT LTD (MRTN) is 40.83 and the Price/Book (PB) ratio is 1.04.
Can you provide the expected EPS growth for MRTN stock?
The Earnings per Share (EPS) of MARTEN TRANSPORT LTD (MRTN) is expected to decline by -19% in the next year.