NasdaqGS:ATSG

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Air Transport Services Group

Executive Summary

Air Transport Services Group, Inc., through its subsidiaries, operates in the airfreight and logistics industry. More Details


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

ATSGIndustryMarket
7 Day3.1%3.8%1.8%
30 Day-2.0%4.6%0.04%
90 Day16.8%39.1%9.8%
1 Year16.1%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 Year190.1%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

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

NamePositionTenureCompensationOwnership
Joseph Hete
Chairman of the Board0.33yrUS$3.18m1.01%
$ 15.1m
Richard Corrado
President0.33yrUS$1.96m0.25%
$ 3.7m
Quint Turner
Chief Financial Officer12.58yrsUS$1.73m0.38%
$ 5.6m
Edward Koharik
Chief Operating Officer1yrUS$502.26k0.031%
$ 464.4k
W. Payne
Chief Legal Officer & Secretary4.33yrsUS$1.33m0.26%
$ 3.9m
Michael Berger
Chief Commercial Officer2.58yrsUS$1.02m0.051%
$ 757.3k
Edward Smethwick
Vice President of Corporate Development3.5yrsno data0.046%
$ 683.2k
Gary Stover
President of LGSTX Services Inc10.17yrsno data0.12%
$ 1.7m
Matthew Fedders
VP & Corporate Controller12.25yrsno data0.055%
$ 823.6k
James O'Grady
President of Air Transport International Inc4.67yrsno data0.098%
$ 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

NamePositionTenureCompensationOwnership
Joseph Hete
Chairman of the Board0.33yrUS$3.18m1.01%
$ 15.1m
Richard Corrado
President0.33yrUS$1.96m0.25%
$ 3.7m
Jeffrey Vorholt
Independent Director16.67yrsUS$179.50k0.034%
$ 504.8k
Randy Rademacher
Independent Lead Director0.33yrUS$275.00k0.062%
$ 920.7k
Richard Baudouin
Independent Director7.67yrsUS$172.50k0.0076%
$ 113.2k
John Teets
Independent Director11.58yrsUS$172.50k0.0063%
$ 94.1k
Laura Peterson
Independent Director2.25yrsUS$162.50k0.0063%
$ 94.1k
Raymond Johns
Independent Director2.92yrsUS$162.50k0.012%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATSGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2003
AW8DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2003
ATSG *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 05:36
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.