Air Transport Services Group
Market Cap
US$1.5b
Last Updated
2020/09/18 05:36 UTC
Data Sources
Company Financials +
Executive Summary
Air Transport Services Group, Inc., through its subsidiaries, operates in the airfreight and logistics industry. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with proven track record.
Similar Companies
Share Price & News
How has Air Transport Services Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATSG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.1%
ATSG
3.8%
US Logistics
1.8%
US Market
1 Year Return
16.1%
ATSG
37.8%
US Logistics
14.2%
US Market
Return vs Industry: ATSG underperformed the US Logistics industry which returned 37.8% over the past year.
Return vs Market: ATSG exceeded the US Market which returned 14.2% over the past year.
Shareholder returns
| ATSG | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | 3.8% | 1.8% |
| 30 Day | -2.0% | 4.6% | 0.04% |
| 90 Day | 16.8% | 39.1% | 9.8% |
| 1 Year | 16.1%16.1% | 41.2%37.8% | 16.7%14.2% |
| 3 Year | -0.2%-0.2% | 42.0%32.7% | 41.6%32.2% |
| 5 Year | 190.1%190.1% | 92.3%71.0% | 90.9%69.5% |
Price Volatility Vs. Market
How volatile is Air Transport Services Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Here's Why We Think Air Transport Services Group (NASDAQ:ATSG) Is Well Worth Watching2 weeks ago | Simply Wall St
If You Had Bought Air Transport Services Group (NASDAQ:ATSG) Shares Five Years Ago You'd Have Earned195% Returns1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Air Transport Services Group, Inc. (NASDAQ:ATSG)Valuation
Is Air Transport Services Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATSG ($25.24) is trading below our estimate of fair value ($96.63)
Significantly Below Fair Value: ATSG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATSG is good value based on its PE Ratio (16.1x) compared to the US Logistics industry average (30x).
PE vs Market: ATSG is good value based on its PE Ratio (16.1x) compared to the US market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: ATSG is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: ATSG's PB Ratio (3x) is in line with the US Logistics industry average.
Next Steps
Future Growth
How is Air Transport Services Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
11.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATSG's forecast earnings growth (11% per year) is above the savings rate (2.2%).
Earnings vs Market: ATSG's earnings (11% per year) are forecast to grow slower than the US market (23.3% per year).
High Growth Earnings: ATSG's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATSG's revenue (5.9% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: ATSG's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ATSG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Air Transport Services Group performed over the past 5 years?
29.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATSG has a large one-off loss of $29.3M impacting its June 30 2020 financial results.
Growing Profit Margin: ATSG's current net profit margins (6%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: ATSG's earnings have grown significantly by 29.7% per year over the past 5 years.
Accelerating Growth: ATSG's earnings growth over the past year (277.4%) exceeds its 5-year average (29.7% per year).
Earnings vs Industry: ATSG earnings growth over the past year (277.4%) exceeded the Logistics industry -22.4%.
Return on Equity
High ROE: ATSG's Return on Equity (18.6%) is considered low.
Next Steps
Financial Health
How is Air Transport Services Group's financial position?
Financial Position Analysis
Short Term Liabilities: ATSG's short term assets ($287.9M) do not cover its short term liabilities ($303.0M).
Long Term Liabilities: ATSG's short term assets ($287.9M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: ATSG's debt to equity ratio (306%) is considered high.
Reducing Debt: ATSG's debt to equity ratio has increased from 85.7% to 306% over the past 5 years.
Debt Coverage: ATSG's debt is well covered by operating cash flow (28.7%).
Interest Coverage: ATSG's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Air Transport Services Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ATSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ATSG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ATSG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATSG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATSG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Rich Corrado (60 yo)
0.33
Tenure
US$1,955,750
Compensation
Mr. Richard F. Corrado, also known as Rich, is the President of Air Transport Services Group, Inc., since September 16, 2019 and serves as its Chief Executive Officer and Director since May 7, 2020. Mr. Co ...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD1.96M) is below average for companies of similar size in the US market ($USD4.56M).
Compensation vs Earnings: Rich's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 0.33yr | US$3.18m | 1.01% $ 15.1m | |
| President | 0.33yr | US$1.96m | 0.25% $ 3.7m | |
| Chief Financial Officer | 12.58yrs | US$1.73m | 0.38% $ 5.6m | |
| Chief Operating Officer | 1yr | US$502.26k | 0.031% $ 464.4k | |
| Chief Legal Officer & Secretary | 4.33yrs | US$1.33m | 0.26% $ 3.9m | |
| Chief Commercial Officer | 2.58yrs | US$1.02m | 0.051% $ 757.3k | |
| Vice President of Corporate Development | 3.5yrs | no data | 0.046% $ 683.2k | |
| President of LGSTX Services Inc | 10.17yrs | no data | 0.12% $ 1.7m | |
| VP & Corporate Controller | 12.25yrs | no data | 0.055% $ 823.6k | |
| President of Air Transport International Inc | 4.67yrs | no data | 0.098% $ 1.5m |
4.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: ATSG's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 0.33yr | US$3.18m | 1.01% $ 15.1m | |
| President | 0.33yr | US$1.96m | 0.25% $ 3.7m | |
| Independent Director | 16.67yrs | US$179.50k | 0.034% $ 504.8k | |
| Independent Lead Director | 0.33yr | US$275.00k | 0.062% $ 920.7k | |
| Independent Director | 7.67yrs | US$172.50k | 0.0076% $ 113.2k | |
| Independent Director | 11.58yrs | US$172.50k | 0.0063% $ 94.1k | |
| Independent Director | 2.25yrs | US$162.50k | 0.0063% $ 94.1k | |
| Independent Director | 2.92yrs | US$162.50k | 0.012% $ 179.8k |
2.6yrs
Average Tenure
64yo
Average Age
Experienced Board: ATSG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATSG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Air Transport Services Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Air Transport Services Group, Inc.
- Ticker: ATSG
- Exchange: NasdaqGS
- Founded: 1980
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: US$1.491b
- Shares outstanding: 59.07m
- Website: https://www.atsginc.com
Number of Employees
Location
- Air Transport Services Group, Inc.
- 145 Hunter Drive
- Wilmington
- Ohio
- 45177
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATSG | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2003 |
| AW8 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2003 |
| ATSG * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jul 2003 |
Biography
Air Transport Services Group, Inc., through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/18 05:36 |
| End of Day Share Price | 2020/09/17 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.