Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally.
+ 1 more risk
Imperfect balance sheet and overvalued.
Share Price & News
How has Air T's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AIRT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AIRT underperformed the US Logistics industry which returned -20% over the past year.
Return vs Market: AIRT underperformed the US Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Air T's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StCan We See Significant Insider Ownership On The Air T, Inc. (NASDAQ:AIRT) Share Register?
2 weeks ago | Simply Wall StThe Chairman of Air T, Inc. (NASDAQ:AIRT), Nicholas Swenson, Just Bought 2.4% More Shares
2 weeks ago | Simply Wall StWhat Is Air T's (NASDAQ:AIRT) P/E Ratio After Its Share Price Tanked?
Is Air T undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AIRT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AIRT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AIRT is poor value based on its PE Ratio (79.6x) compared to the Logistics industry average (17x).
PE vs Market: AIRT is poor value based on its PE Ratio (79.6x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AIRT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AIRT is good value based on its PB Ratio (1.4x) compared to the US Logistics industry average (1.9x).
How is Air T forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Transportation industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Air T has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of AIRT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Transportation industry.
How has Air T performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIRT has a high level of non-cash earnings.
Growing Profit Margin: AIRT's current net profit margins (0.1%) are lower than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: AIRT's earnings have declined by -14.7% per year over the past 5 years.
Accelerating Growth: AIRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIRT had negative earnings growth (-74%) over the past year, making it difficult to compare to the Logistics industry average (-5.5%).
Return on Equity
High ROE: AIRT's Return on Equity (15.7%) is considered low.
How is Air T's financial position?
Financial Position Analysis
Short Term Liabilities: AIRT's short term assets ($117.2M) exceed its short term liabilities ($76.4M).
Long Term Liabilities: AIRT's short term assets ($117.2M) exceed its long term liabilities ($50.4M).
Debt to Equity History and Analysis
Debt Level: AIRT's debt to equity ratio (291.1%) is considered high.
Reducing Debt: AIRT's debt to equity ratio has increased from 0.2% to 291.1% over the past 5 years.
Debt Coverage: AIRT's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: AIRT's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Air T's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AIRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AIRT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AIRT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AIRT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AIRT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AIRT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nick Swenson (50yo)
Mr. Nicholas John Swenson, also known as Nick, is the Founder of Groveland Capital LLC and serves as its Chief Executive Officer, Managing Member and Portfolio Manager. Mr. Swenson has been Chairman at Air ...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD50.00K) is below average for companies of similar size in the US market ($USD622.20K).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||0.75yr||no data||no data|
|Chief Legal Counsel||1.92yrs||no data||no data|
|Chief Financial Officer of Air Cargo Segment||5.42yrs||US$134.42k||no data|
|Chief Executive Officer of Global Ground Support LLC||8.25yrs||no data||no data|
|CEO of Mountain Air Cargo||5.67yrs||no data||no data|
|CEO of Worthington Aviation||no data||no data||no data|
|CEO of Mountain Air Cargo||0.50yr||no data||no data|
|CEO of Stratus Aero Partners||no data||no data||no data|
|President of Jet Yard||2.08yrs||no data||no data|
Experienced Management: AIRT's management team is considered experienced (3.8 years average tenure).
|Director||5.58yrs||no data||0.62% $200.2k|
|Lead Independent Director||no data||no data||0.26% $82.9k|
|Director||6.67yrs||no data||no data|
|Independent Director||6.67yrs||no data||0.13% $41.5k|
|Independent Director||2.33yrs||no data||no data|
|Independent Director||2.33yrs||no data||no data|
Experienced Board: AIRT's board of directors are considered experienced (6.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIRT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Air T, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Air T, Inc.
- Ticker: AIRT
- Exchange: NasdaqGM
- Founded: 1980
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: US$32.213m
- Shares outstanding: 2.91m
- Website: https://www.airt.net
Number of Employees
- Air T, Inc.
- 5930 Balsom Ridge Road
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIRT||NasdaqGM (Nasdaq Global Market)||Yes||Common Shares||US||USD||Apr 1984|
|AIRT.P||NasdaqGM (Nasdaq Global Market)||NT 49||US||USD||Jun 2019|
Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company’s Overnight Air Cargo segment offers air express delivery services. As of March 31, 2019, this segment had 79 aircrafts under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The company’s Ground Support Services segment provides aircraft ground support equipment, fleet, and facility maintenance services to airlines and aviation service providers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Its Printing Equipment and Maintenance segment designs, manufactures, and sells digital print production equipment, spare parts, supplies, and consumable items, as well as provides maintenance contracts. Air T, Inc. was founded in 1980 and is based in Denver, North Carolina.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 02:44|
|End of Day Share Price||2020/04/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.