MARTEN TRANSPORT LTD (MRTN)
US5730751089 - Common Stock
MRTN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Ground Transportation industry. MRTN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. MRTN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
MRTN had positive earnings in the past year.
MRTN had a positive operating cash flow in the past year.
MRTN had positive earnings in each of the past 5 years.
In the past 5 years MRTN always reported a positive cash flow from operatings.
1.2 Ratios
MRTN has a Return On Assets of 7.11%. This is in the better half of the industry: MRTN outperforms 72.22% of its industry peers.
MRTN has a Return On Equity of 9.29%. This is comparable to the rest of the industry: MRTN outperforms 50.00% of its industry peers.
MRTN has a better Return On Invested Capital (6.58%) than 66.67% of its industry peers.
MRTN had an Average Return On Invested Capital over the past 3 years of 9.19%. This is in line with the industry average of 7.88%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 9.29% | ||
| ROIC | 6.58% |
ROA(3y)9.45%
ROA(5y)8.87%
ROE(3y)12.69%
ROE(5y)11.9%
ROIC(3y)9.19%
ROIC(5y)8.63%
1.3 Margins
With a decent Profit Margin value of 6.22%, MRTN is doing good in the industry, outperforming 66.67% of the companies in the same industry.
MRTN's Profit Margin has declined in the last couple of years.
MRTN's Operating Margin of 6.76% is in line compared to the rest of the industry. MRTN outperforms 55.56% of its industry peers.
MRTN's Operating Margin has declined in the last couple of years.
MRTN's Gross Margin of 32.96% is on the low side compared to the rest of the industry. MRTN is outperformed by 61.11% of its industry peers.
MRTN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.76% | ||
| PM (TTM) | 6.22% | ||
| GM | 32.96% |
OM growth 3Y-10.59%
OM growth 5Y-3.34%
PM growth 3Y-7.85%
PM growth 5Y-2.29%
GM growth 3Y-3.58%
GM growth 5Y-0.73%
2. Health
2.1 Basic Checks
MRTN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MRTN has more shares outstanding
Compared to 5 years ago, MRTN has less shares outstanding
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
An Altman-Z score of 5.85 indicates that MRTN is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 5.85, MRTN belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
MRTN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.85 |
ROIC/WACC0.71
WACC9.28%
2.3 Liquidity
A Current Ratio of 1.78 indicates that MRTN should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.78, MRTN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
MRTN has a Quick Ratio of 1.78. This is a normal value and indicates that MRTN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.78, MRTN is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.78 |
3. Growth
3.1 Past
MRTN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.56%.
Measured over the past 5 years, MRTN shows a small growth in Earnings Per Share. The EPS has been growing by 5.26% on average per year.
Looking at the last year, MRTN shows a very negative growth in Revenue. The Revenue has decreased by -10.48% in the last year.
The Revenue has been growing slightly by 7.51% on average over the past years.
EPS 1Y (TTM)-35.56%
EPS 3Y1.72%
EPS 5Y5.26%
EPS growth Q2Q-51.61%
Revenue 1Y (TTM)-10.48%
Revenue growth 3Y8.97%
Revenue growth 5Y7.51%
Revenue growth Q2Q-16.86%
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 11.48% yearly.
The Revenue is expected to grow by 1.07% on average over the next years.
EPS Next Y2%
EPS Next 2Y11.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.02%
Revenue Next 2Y1.07%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 19.03, which indicates a rather expensive current valuation of MRTN.
Based on the Price/Earnings ratio, MRTN is valued a bit cheaper than 72.22% of the companies in the same industry.
MRTN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.76.
MRTN is valuated rather expensively with a Price/Forward Earnings ratio of 18.66.
MRTN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MRTN is cheaper than 72.22% of the companies in the same industry.
MRTN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MRTN is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.22 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)9.52
PEG (5Y)3.62
EPS Next 2Y11.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.48%, MRTN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.68, MRTN pays a bit more dividend than its industry peers.
MRTN's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
5.2 History
On average, the dividend of MRTN grows each year by 28.98%, which is quite nice.
MRTN has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of MRTN decreased recently.
Dividend Growth(5Y)28.98%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
MRTN pays out 27.71% of its income as dividend. This is a sustainable payout ratio.
MRTN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.71%
EPS Next 2Y11.48%
EPS Next 3YN/A
MARTEN TRANSPORT LTD
NASDAQ:MRTN (4/19/2024, 7:05:03 PM)
After market: 16.56 0 (0%)16.56
+0.59 (+3.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.35B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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)
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Min EPS beat(4)
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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)
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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 | 19.03 | ||
| Fwd PE | 18.66 | ||
| 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)9.52
PEG (5Y)3.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 9.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.76% | ||
| PM (TTM) | 6.22% | ||
| GM | 32.96% | ||
| 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 Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.78 | ||
| 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)-35.56%
EPS 3Y1.72%
EPS 5Y
EPS growth Q2Q
EPS Next Y2%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-10.48%
Revenue growth 3Y8.97%
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