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

Moderate growth potential and slightly 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

Stable Share Price: ATSG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ATSG's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

4.9%

ATSG

0.3%

US Logistics

2.8%

US Market


1 Year Return

26.6%

ATSG

44.5%

US Logistics

19.7%

US Market

Return vs Industry: ATSG underperformed the US Logistics industry which returned 45.5% over the past year.

Return vs Market: ATSG exceeded the US Market which returned 20.4% over the past year.


Shareholder returns

ATSGIndustryMarket
7 Day4.9%0.3%2.8%
30 Day6.0%1.5%8.0%
90 Day20.8%9.9%6.8%
1 Year26.6%26.6%47.9%44.5%22.4%19.7%
3 Year29.3%29.3%45.9%36.6%47.3%37.5%
5 Year233.5%233.5%94.4%73.2%93.6%72.3%

Long-Term 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?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATSG ($31.35) is trading below our estimate of fair value ($35.59)

Significantly Below Fair Value: ATSG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ATSG is unprofitable, so we can't compare its PE Ratio to the US Logistics industry average.

PE vs Market: ATSG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATSG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATSG is good value based on its PB Ratio (2.6x) compared to the US Logistics industry average (3.2x).


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?

44.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATSG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: ATSG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATSG's is expected to become profitable in the next 3 years.

Revenue vs Market: ATSG's revenue (6.8% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: ATSG's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATSG's Return on Equity is forecast to be low in 3 years time (16.4%).


Next Steps

Past Performance

How has Air Transport Services Group performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATSG is currently unprofitable.

Growing Profit Margin: ATSG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATSG is unprofitable, but has reduced losses over the past 5 years at a rate of 22.8% per year.

Accelerating Growth: Unable to compare ATSG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATSG is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (-26.8%).


Return on Equity

High ROE: ATSG has a negative Return on Equity (-2.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is Air Transport Services Group's financial position?


Financial Position Analysis

Short Term Liabilities: ATSG's short term assets ($273.4M) do not cover its short term liabilities ($312.7M).

Long Term Liabilities: ATSG's short term assets ($273.4M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: ATSG's debt to equity ratio (207.2%) is considered high.

Reducing Debt: ATSG's debt to equity ratio has increased from 83.4% to 207.2% over the past 5 years.

Debt Coverage: ATSG's debt is well covered by operating cash flow (34.7%).

Interest Coverage: ATSG is unprofitable, therefore interest payments are not well covered by earnings.


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?

4.5yrs

Average management tenure


CEO

Rich Corrado (60 yo)

0.50

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 ($USD1.96M) is below average for companies of similar size in the US market ($USD4.16M).

Compensation vs Earnings: Rich's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Hete
Chairman of the Board0.50yrUS$3.18m0.96%
$ 17.8m
Richard Corrado
President0.50yrUS$1.96m0.25%
$ 4.6m
Quint Turner
Chief Financial Officer12.75yrsUS$1.73m0.38%
$ 7.0m
Edward Koharik
Chief Operating Officer1.17yrsUS$502.26k0.031%
$ 576.9k
W. Payne
Chief Legal Officer & Secretary4.5yrsUS$1.33m0.26%
$ 4.9m
Michael Berger
Chief Commercial Officer2.75yrsUS$1.02m0.051%
$ 940.6k
Edward Smethwick
Vice President of Corporate Development3.67yrsno data0.046%
$ 848.5k
Gary Stover
President of LGSTX Services Inc10.33yrsno data0.12%
$ 2.2m
Matthew Fedders
VP & Corporate Controller12.42yrsno data0.055%
$ 1.0m
James O'Grady
President of Air Transport International Inc4.83yrsno data0.098%
$ 1.8m

4.5yrs

Average Tenure

57.5yo

Average Age

Experienced Management: ATSG's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Hete
Chairman of the Board0.50yrUS$3.18m0.96%
$ 17.8m
Richard Corrado
President0.50yrUS$1.96m0.25%
$ 4.6m
Jeffrey Vorholt
Independent Director16.83yrsUS$179.50k0.034%
$ 627.1k
Randy Rademacher
Independent Lead Director0.50yrUS$275.00k0.062%
$ 1.1m
Richard Baudouin
Independent Director7.83yrsUS$172.50k0.0076%
$ 140.6k
John Teets
Independent Director11.75yrsUS$172.50k0.0063%
$ 116.9k
Laura Peterson
Independent Director2.42yrsUS$162.50k0.0063%
$ 116.9k
Raymond Johns
Independent Director3.08yrsUS$162.50k0.012%
$ 223.3k

2.8yrs

Average Tenure

64yo

Average Age

Experienced Board: ATSG's board of directors are not considered experienced ( 2.8 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$1.852b
  • 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 Analysis2020/11/26 23:03
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
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.