Air Transport Services Group
Market Cap
US$1.2b
Last Updated
2019/10/20 00:06 UTC
Data Sources
Company Financials +
Executive Summary
Air Transport Services Group, Inc., through its subsidiaries, operates in the airfreight and logistics industry.
Snowflake
Fundamentals
Reasonable growth potential and overvalued.
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
Market Performance
7 Day Return
4.3%
ATSG
1.5%
US Logistics
0.4%
US Market
1 Year Return
0.9%
ATSG
-7.1%
US Logistics
6.9%
US Market
Return vs Industry: ATSG exceeded the US Logistics industry which returned -7.1% over the past year.
Return vs Market: ATSG underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| ATSG | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 1.5% | 0.4% |
| 30 Day | -5.9% | -1.4% | -1.1% |
| 90 Day | -13.0% | 5.4% | -0.5% |
| 1 Year | 0.9%0.9% | -4.9%-7.1% | 9.3%6.9% |
| 3 Year | 42.2%42.2% | 16.9%9.1% | 45.8%36.4% |
| 5 Year | 163.3%163.3% | 28.5%15.3% | 62.9%45.1% |
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
1 week ago | Simply Wall St
Is It Time To Consider Buying Air Transport Services Group, Inc. (NASDAQ:ATSG)?3 weeks ago | Simply Wall St
What Did Air Transport Services Group, Inc.'s (NASDAQ:ATSG) CEO Take Home Last Year?1 month ago | Simply Wall St
Why You Should Care About Air Transport Services Group, Inc.’s (NASDAQ:ATSG) Low Return On CapitalValuation
Is Air Transport Services Group undervalued compared to its fair value and its price relative to the market?
50.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: ATSG ($20.46) is trading above our estimate of fair value ($8.47)
Significantly Undervalued: ATSG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ATSG is poor value based on its PE Ratio (50.7x) compared to the Logistics industry average (23.1x).
PE vs Market: ATSG is poor value based on its PE Ratio (50.7x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: ATSG is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: ATSG is overvalued based on its PB Ratio (3.3x) compared to the US Logistics industry average (3.1x).
Next Steps
Future Growth
How is Air Transport Services Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
106.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATSG's forecast earnings growth (106.6% per year) is above the savings rate (2.7%).
Earnings vs Market: ATSG's earnings (106.6% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATSG's revenue (11.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: ATSG's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High 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?
25.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ATSG has become profitable over the past 5 years, growing earnings by 25.7% per year.
Accelerating Growth: ATSG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATSG had negative earnings growth (-77.6%) over the past year, making it difficult to compare to the Logistics industry average (-9.9%).
Return on Equity
High ROE: ATSG's Return on Equity (6.4%) is considered low.
Return on Assets
ROA vs Industry: ATSG's Return on Assets is below or equal to the Logistics industry average last year.
Return on Capital Employed
ROCE Improving: ATSG's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Air Transport Services Group's financial position?
Financial Position Analysis
Short Term Liabilities: ATSG's short term assets ($238.9M) do not cover its short term liabilities ($259.0M)
Long Term Liabilities: ATSG's short term assets (238.9M) do not cover its long term liabilities (2.1B)
Debt to Equity History and Analysis
Debt Level: ATSG's debt to equity ratio (388.9%) is considered high
Reducing Debt: ATSG's debt to equity ratio has increased from 91.4% to 388.9% over the past 5 years.
Debt Coverage: ATSG's debt is well covered by operating cash flow (25.3%).
Interest Coverage: ATSG's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Inventory Level: ATSG has a high level of physical assets or inventory.
Debt Coverage by Assets: ATSG's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Air Transport Services Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate ATSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ATSG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Air Transport Services Group's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Joe Hete (64yo)
11.8yrs
Tenure
US$2,286,223
Compensation
Mr. Joseph C. Hete, also known as Joe, has been the Chief Executive Officer at Air Transport Services Group, Inc. an affiliate of Air Transport International LLC (ATSG) since December 2007. Mr. Hete served ...
CEO Compensation Analysis
Compensation vs. Market: Joe's total compensation ($USD2.29M) is below average for companies of similar size in the US market ($USD4.00M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.3yrs
Average Tenure
56.5yo
Average Age
Experienced Management: ATSG's management team is seasoned and experienced (6.3 years average tenure).
Board Age and Tenure
5.6yrs
Average Tenure
63yo
Average Age
Experienced Board: ATSG's board of directors are considered experienced (5.6 years average tenure).
Insider Trading
Insider Buying: ATSG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Chief Commercial Officer & President of Airborne Global Solutions |
| Shares | 1,000 |
| Max Price | US$19.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | US$20.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,400 |
| Max Price | US$20.74 |
| Entity | Individual |
| Shares | 1,209 |
| Max Price | US$23.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 25,000 |
| Max Price | US$21.75 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$21.69 |
| Entity | Individual |
| Role | Senior Key Executive Chief Commercial Officer & President of Airborne Global Solutions |
| Shares | 1,200 |
| Max Price | US$22.24 |
| Entity | Individual |
| Role | Senior Key Executive Chief Commercial Officer & President of Airborne Global Solutions |
| Shares | 3,850 |
| Max Price | US$21.98 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,225 |
| Max Price | US$20.57 |
| Entity | Individual |
| Shares | 5,700 |
| Max Price | US$20.60 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 2,500 |
| Max Price | US$20.04 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 25,000 |
| Max Price | US$20.05 |
Ownership Breakdown
Management Team
Rich Corrado (59yo)
President
- Tenure: 0.08yrs
- Compensation: US$1.36m
Joe Hete (64yo)
CEO & Director
- Tenure: 11.8yrs
- Compensation: US$2.29m
Quint Turner (56yo)
Chief Financial Officer
- Tenure: 11.7yrs
- Compensation: US$1.17m
Joe Payne (55yo)
Chief Legal Officer & Secretary
- Tenure: 3.4yrs
- Compensation: US$1.05m
Brady Templeton
President and GM of Airborne Maintenance & Engg Svcs Inc
- Tenure: 10.4yrs
Gary Stover
President of LGSTX Services Inc
- Tenure: 9.3yrs
Matt Fedders
VP & Corporate Controller
- Tenure: 11.3yrs
Russ Smethwick
Vice President of Corporate Development
- Tenure: 2.6yrs
Mike Berger (57yo)
Chief Commercial Officer & President of Airborne Global Solutions
- Tenure: 1.7yrs
- Compensation: US$796.47k
Ed Koharik (49yo)
Chief Operating Officer
- Tenure: 0.08yrs
Board Members
Jeffrey Vorholt (66yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$176.48k
Randy Rademacher (62yo)
Independent Chairman
- Tenure: 4.4yrs
- Compensation: US$259.48k
Joe Hete (64yo)
CEO & Director
- Tenure: 11.8yrs
- Compensation: US$2.29m
Richard Baudouin (67yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$170.98k
Chris Teets (46yo)
Independent Director
- Tenure: 10.7yrs
- Compensation: US$164.98k
Rob Coretz (55yo)
Director
- Tenure: 0.7yrs
Laura Peterson (59yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$32.50k
Ray Johns (64yo)
Independent Director
- Tenure: 2yrs
- Compensation: US$160.98k
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$1.205b
- Shares outstanding: 58.91m
- 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 | 2019/10/20 00:06 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.